Street vendors peddling sunglasses, incense and handmade jewelry along the famous Venice Boardwalk are preparing for eviction. The Los Angeles City Council has voted to severely limit the amount of commercial selling that takes place at the tourist attraction. But removing the unregulated merchants could mean the loss of its bohemian draw.
Across the country, car dealers are remodeling and updating their showrooms at the urging of manufacturers, who want all dealerships to look similar. The dealerships are spending hundreds of thousands to millions of dollars on these "voluntary" projects, but many say they'll never recoup all the investment. The manufacturers offer incentives to dealers who take the plunge.
With Greece in turmoil, a look at the debt defaults a decade ago in South America could prove instructive. Had Europeans diagnosed problems and acted quickly, they might have come out of this like Uruguay, in 2002. But it looks like Greece may be following Argentina, which defaulted on $100 billion in 2001.
The Justice Department alleges more than 200,000 minorities were charged higher interest rates based on the color of their skin. The agreement is the largest residential fair lending settlement in history.
CNN host Piers Morgan testified by video conference Tuesday before the panel investigating British press practices. Morgan has repeatedly denied allowing phone hacking while he was a high-profile tabloid editor in London.
More consumers are turning to buffalo meat as a healthier choice that's often better for the environment. South Dakota is the biggest producer of buffalo, and ranchers there say their biggest challenge is keeping up with the demand.
One of the most powerful forces of change has been the dramatic economic growth in Brazil, Russia, India and China. Chairman of Goldman Sachs Asset Management Jim O'Neill coined the term BRIC, an acronym for those four countries, ten years ago when he began to zero in on their economies. O'Neill talks to Renee Montagne about his book The Growth Map.
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