Former Google executive Marissa Mayer is now the new CEO of Yahoo. It is noteworthy both because she is one of a select few women in executive positions in Silicon Valley and because after the announcement she said she is soon expecting her first child. Audie Cornish speaks with former executive and long-time Valley resident Robin Wolaner about the news.
Over half of U.S. states will have to close a combined budget gap of 55 billion dollars, according to a report by the Center on Budget and Policy Priorities in the 2013 fiscal year. To avoid raising taxes, most states are implementing continued cuts to deal with budget shortfalls.
The federal debt is at record levels and growing. States are "grappling with unprecedented fiscal crises," a new report says. And Europe's debt mess threatens the world economy. Some scholars think, like Plato, that democracy is the problem.
Though the central bank expects "moderate" economic growth in coming quarters, Bernanke offers a sober assessment of current conditions. But there is brighter news: Home builders say they're growing more confident about the housing sector's recovery.
"Moderate to extreme" drought conditions already exist in about 55 percent of the continental U.S. No relief is in sight. There are warnings this could be one of the 10-most expensive weather disasters in U.S. history.
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