Before Rhode Island's General Assembly passed dramatic changes to the pension system, the state had one of the most underfunded pensions in the country. Many of the state's unions aren't happy with the changes and are gearing up for a legal fight.
The law that governs the privacy of cloud computing was written 25 years ago, when the concept of storing emails and other data away from the personal computer wasn't the norm. Some big-name tech companies are asking Congress to step in and clarify Americans' online privacy rights.
Tax evasion is a long tradition in Italy. But with the country facing a crippling debt crisis, the new prime minister hopes to convince markets that he can get tough on those who refuse to pay up, and perhaps change Italian attitudes about tax avoidance as well.
Nearly 75 years ago, a sit-down strike at the facility in Flint, Mich., helped the UAW win recognition from General Motors. Now the former auto body plant and GM design center is home to a company that sells prescription drugs used to treat serious illnesses like cancer, multiple sclerosis and HIV/AIDS.
To gauge the severity of the crisis in Europe, it helps to look at how much it costs the continent's countries to borrow money. Investors are pulling back from buying bonds, one country at a time. Investors have dumped their Spanish and Italian debt; now they're looking warily around the rest of Europe, wondering who's next. And suddenly France isn't looking very strong.
Americans spend more money shopping than the other 47 weeks of the year combined. It all starts on Black Friday. Guest host Tony Cox speaks with consumer credit expert John Ulzheimer about how to shop for the holidays and avoid the financial hangover.
Even as Congress' deficit-reduction supercommittee ran into a dead end this week, the resulting mandatory spending cuts were immediately targeted by interest groups and sympathetic lawmakers. No interest group stands to lose more than the defense industry.
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