Originally published on Tue April 23, 2013 3:40 pm
Some 93 percent of Americans saw their mean net worth fall in the first two years of the post-recession recovery, while the remaining 7 percent increased net worth by nearly a third, according to a new Pew Research Center analysis of Census Bureau data.
Sen. Max Baucus of Montana, an influential red-state Democrat who helped craft Obamacare but bucked his party last week in voting against expanded background checks for gun sales, will retire in 2014, he announced Tuesday.
The chairman of the influential Senate Finance Committee, Baucus was expected to face a potentially tough race for a seventh term after four decades on Capitol Hill. He becomes the sixth Senate Democrat to announce his retirement, as Republicans look for an opportunity to retake Senate control in the midterm elections.
Following the Republican Party's losses in the 2012 elections, there has been a lot of hand-wringing about what the party should do to improve its electoral fortunes.
Some argue that the GOP should moderate its positions on social issues, as well as policies that affect income inequality and social mobility, and that it should embrace compromise as a way to attract more voters. But others say that changing its positions risks alienating the core Republican base and diluting the party's conservative message — doing more damage in the end.
Originally published on Wed April 24, 2013 5:37 am
Update at 5 p.m. ET:
Reuters reports that Apple has posted better-than-expected second-quarter earnings of $43.6 billion, "reflecting strong sales of the iPad and iPhone." Wall Street had forecast revenue of $42.3 billion, the wire service says.
We pick up our original post here:
Investors are waiting, many not so eagerly, for a look at how Apple for the second quarter.
Originally published on Tue April 23, 2013 12:10 pm
A federal court has approved a settlement agreement between the Department of Justice and Anheuser-Busch InBev that will allow the mammoth beer company to complete its purchase of Grupo Modelo, a Mexico-based brewer that produces Corona, Pacifico and other beers.
The deal, which requires AB InBev to sell all of Modelo's U.S. business, clears the way for the $20.1 billion acquisition of the remaining portion of Modelo that AB InBev did not yet own. Terms of the deal were announced Friday.
Originally published on Sun April 28, 2013 7:51 am
Israel's top military intelligence official said Tuesday that the Syrian government has used chemical weapons repeatedly, and he criticized the international community for not taking tougher action against the Syrian leadership.
Israel and the Syrian opposition have on multiple occasions accused President Bashar Assad's government of using chemical weapons in the country's civil war, but have not offered much in the way of evidence.
Israeli Brig. Gen. Itai Brun, speaking at a security conference in Israel, gave the most definitive statement so far by an Israeli official.
France is poised to become the latest nation to legalize same-sex marriage after its Parliament passed a bill that also legalizes adoptions by same-sex couples.
President Francois Hollande is expected to sign the bill quickly.
Authorities are bracing for the reaction from opponents. Correspondent Eleanor Beardsley tells our Newscast Desk that "supporters are planning a celebratory rally and opponents will stage protests across the country. Opposition in France to gay marriage has radicalized over the past month as far-right extremists have joined the protests."
This is TELL ME MORE from NPR News. I'm Michel Martin. Later in the program we are going to talk about a new study that says that some seniors are actually carrying more debt than their younger peers. We'll dig into that in just a few minutes. But first we want to turn back to Boston. And with one suspect in custody and the other deceased, we're turning our attention to the people whose lives were most changed by the bomb attack at the marathon last week.