This week the FBI and IRS raided the headquarters of one of the country's largest private employers: Pilot Flying J. The chain operates more than 600 gas stations and convenience stores in 44 states. It's owned by billionaire Jimmy Haslam. Haslam also owns the Cleveland Browns and his brother is Tennessee Gov. Bill Haslam, who owns shares in the company.
Last week, the Supreme Court heard a case -- Association for Molecular Pathology v. Myriad Genetics, Inc. -- with questions about the legality of patenting human DNA at its center. We explore the implications of this 21st century case for doctors and patients.
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.
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