The federal government could face another economic disaster and massive bailouts within a decade if it doesn't force state pension funds to revamp their operations soon, an economist says.
On a rough night for conservatives, Rand Paul's victory in the Kentucky Senate primary was a rare bright spot. The opthalmologist and son of Rep. Ron Paul is one of the highest profile wins yet for the Tea Party, a constituency he trumpeted last night: "I have a message from the Tea Party.
With two big scandals battling it out today, who's the biggest loser in today's news cycle? In one corner, there's Richard Blumenthal, Connecticut attorney general and Democratic candidate for U.S. Senate, who was revealed to have been exaggerating (at best) his military service record.
"My change in party will enable me to be re-elected." —Arlen Specter, April 2009 "Look here, I had a clear shot at re-election. If I had stayed with the obstructionist Republican caucus, I would have been re-elected easily, especially in an out year when the party out of power is favored." —Arlen Specter, May 16, 2009 As fellow Gaggler Howard Fineman has pointed out, Sen.
It was another bloody day in violence-stricken Thailand Thursday night, as a dissident general was shot in the head. Clashes between antigovernment protesters, who have taken red shirts as their symbol, and pro-government forces, clad in yellow, have been ongoing for months.
Sen. Orrin Hatch (R.-Utah) takes on the tax system in a Politico op-ed published Friday. A lot of what Hatch says is likely to resonate on both sides of the aisle: he's concerned that large tax increases could trip up the fragile but improving economy, and he argues that federal tax code is simply far too complicated.
Our weekly look at employment openings with salaries of $100,000 or more.
In a long-scheduled interview, NEWSWEEK editor Jon Meacham appeared on The Daily Show last night, just hours after The Washington Post Company announced it was putting the magazine up for sale.
An already bad situation seems to be turning worse in the Gulf of Mexico. News over the weekend suggested the effects of the growing oil spill will be worse than expected, and the leak may not be stopped any time soon.
Oil from the sunken oil rig in the Gulf of Mexico hit the Louisiana shore last night, earlier than had been expected. Emergency workers are working at fever pitch to mitigate the dangers from the spill. Fishermen are also trying to harvest as many shrimp and other seafood as they can before the oil reaches them, the Associated Press reports.
It won't be a relaxed Friday for federal regulators today. Two big stories—one a business bombshell, the other potentially involving bombshells—shed light on the government's struggle to regulate finance.
There's a sense that political momentum has shifted in favor of financial reform. For example, Senate Minority Leader Mitch McConnell has backed off earlier statements he made about starting over from scratch, and a derivatives-regulation measure even won the vote of one Republican, Iowa's Chuck Grassley, in committee yesterday.
After days of paralysis, European airlines are back up and flying today. But although that news will hearten travelers who have spent days sleeping in concourses, experts warn that it will take weeks for the situation to get back to normal and all flights to be running on time.
He escaped angry New Jersey cops and Guantánamo Bay, but Kal Penn was no match for the nation's capital. Gossip site TMZ reports that the actor-turned-political operative was mugged last night walking home in Washington, D.C. A robber apparently took Penn's "wallet and other personal property" at gunpoint around 1:20 a.m.
A hot New York Times scoop on U.S. policy has dispelled much of the warm, fuzzy feeling brought on by last week's nuclear summit in Washington. The paper reported Sunday on the existence of a memo that Defense Secretary Robert Gates wrote in January, stating that government simply doesn't have a viable long-term plan for dealing with Iran's nuclear program.
Ah, the folly of youth. According to a new survey that looks at young adults and their understanding of Internet security, an overwhelming majority of people between 18 and 27 are aware of the dangers of not protecting data but don't do much to deal with it.
The White House caught pretty much everyone off guard last night with an executive order intended to ensure visitation rights for gay couples in hospitals.
If London's foggy weather or striking pilots don't delay your flight in Britain, there's always a chance that volcanic explosions will. The big news in British media today is that airports across the U.K.—as well as several Scandinavian countries and Ireland—have been shut down until at least Friday morning due to an eruption in Iceland.
It's a funny thing about Justice John Paul Stevens, who announced today he's stepping down. Despite serving on the court for 35 years—that's 12 years longer than this Gaggler's even been alive—many observers agree that he came into his jurisprudential own in the last 10 to 15 years. A few key decisions are likely to be remembered as his most important ones.