Some believe America is in decline. But author Robert Kagan disagrees. He talks to Steve Inskeep about his new book The World America Made." President Obama recently discussed an article Kagan wrote for The New Republic called "The Myth of American Decline."
Greece is trying to make a deal to slash the amount of money it owes bondholders. Hedge funds will take significant losses. But the International Monetary Fund also loaned Greece a lot of money, and it will be paid back in full. If the IMF isn't paid back, most countries will not lend Greece any more money.
The U.S. unemployment rate fell to 8.3 percent, its lowest rate in nearly three years, the Labor Department reported Friday. Nearly a quarter of a million jobs were added to payrolls in January — almost double what the market was expecting.
An IPO filing provides a window into wealth. In the case of Facebook, the wealth will likely be enormous and spread across hundreds if not thousands of early investors and employees. The number of millionaires and billionaires in Silicon Valley grew noticeably Wednesday.
It used to be unthinkable for high-end designers to sell their clothes at mass retailers. Now they regularly team up with Gap, Macy's and Target to bring fashion to the masses. The arrangement can help both the designers and the retailers.
Connecticut is one of two states that ban the sale of alcohol on Sundays. That means residents have to plan ahead for Super Bowl parties. Governor Dannel Malloy says lifting the Sunday ban would make the state more competitive with its neighbors.
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