The fallout continues at University of California, Davis, after police pepper-sprayed student protesters late last week. The officers have been placed on leave, and officials are promising an investigation.
The mountain of debt accumulated by Greece and Italy crushed those countries' prime ministers. Spain, too, is ushering in new leadership after Sunday's parliamentary elections. Spaniard Jorge Belena says, "All politicians are very boring," but incoming Prime Minister Mariano Rajo is "especially boring."
The electric car was just as popular as its gasoline counterpart when it first went into production around the turn of the 20th century. But with the advent of highways, people wanted to go farther than their battery life allowed. Today's electric cars face similar challenges.
Fuel-economy standards are set to double by 2025. Electric cars could help reach that goal, but consumers just aren't buying them on a large scale. Beloved by niche markets, the cars face similar challenges as when they first appeared over 100 years ago: a higher price than gas cars and concerns over battery life.
The financial markets will be keeping an eye on Italy this week. The country is plagued by high debt and rising interest rates, and the new government faces steep fiscal challenges. Italy is a country of small and medium-sized businesses, and the debt crisis is making it much tougher for them to hang on.
Monday was to be the deadline for the Congressional Budget Office to release its analysis of the deficit-cutting proposal the supercommittee is to vote on no later than Wednesday. But there's not even an outline of an agreement.
In today's tough economy many people are doing whatever they can to make it through one more mortgage payment or survive other financial hardships that have reached their doorstep. Desperate times often call for desperate measures, and for some retirees that means selling their pensions for a lump sum payment.
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