A fertilizer plant exploded near Waco, Texas, Wednesday night. The explosion at West Fertilizer in downtown West, a community about 20 miles north of Waco, happened around 7 p.m. and could be heard as far away as Waxahachie, 45 miles to the north.
In recent days, the government began sending out checks to about 4 million people whose homes fell into foreclosure during the housing crisis. It's part of an agreement with banks accused of making serious errors in processing those foreclosures. The independent company the government hired to oversee the payment process says it's fixed the glitch, and the money is now there.
At what point does debt start to drag down an economy? Harvard economists Carmen Reinhart and Ken Rogoff have argued that a debt to GDP ratio of 90 percent is a red line of sorts. That idea is under attack with economists from the University of Massachusetts charging that Rogoff and Reinhart used selective data to make their case.
Four months after tragedy struck in the Sandy Hook neighborhood of Newtown, a once-thriving business district in the center of town is struggling. Visitors aren't comfortable shopping and eating just a mile from what used to be Sandy Hook Elementary School. But shop and restaurant owners are doing their best to move forward and bring back customers.
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