Senate Democrats are making a change to President Obama's jobs bill. They want to pay for it by putting a five percent surtax on earnings over $1 million. Congressional Republicans were quick to dismiss the surtax idea.
A small solar-powered parking meter company is benefiting from the down economy and aging parking infrastructure. Chad Randall, COO of IPS, talks to Lynn Neary about why the company has been able to double the number of its employees over the last year.
The legislation would put trade sanctions on China, the United States' largest trading partner. Supporters say it could boost American jobs by punishing China's efforts to keep its currency undervalued and its exports underpriced. Opponents warn that it could touch off a devastating trade war.
Occupy Wall Street is getting a shot in the arm, as some of America's largest unions and several key Democrats have supported the movement. The gain in momentum comes as offshoots of the original Manhattan group plan marches and protests around the nation.
Greece is faced with another major national strike, led this time by the public sector union. The Greek government is under pressure from international creditors to cut the size of the public payroll, and has already announced a plan to sideline and then layoff about 30,000 workers.
Industry experts say the iconic ice-cream parlor, which has filed for bankruptcy protection, has been hurt by the down economy. But Friendly's may also have crossed the line from classic oldie to obsolete.
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