Communities on the East Coast planned for hurricane Irene with help from analysts at the National Oceanic and Atmospheric Administration. NOAA forecasters use data from federally-funded weather satellites to predict storms. One of those satellite programs is facing deep cuts in the latest round of congressional belt-tightening.
Hurricane Irene is likely to cost billions of dollars. The storm did damage but not as much as some had feared. Will the sales of batteries and flashlights – and then repair costs – give the economy a needed boost?
President Obama spoke to the 93rd annual convention of the American Legion in Minneapolis Tuesday. The president laid the groundwork for the upcoming 10th anniversary of the Sept. 11 attacks, and for his speech next week on jobs and the deficit. GOP presidential candidates Mitt Romney and Rick Perry addressed the national convention of the Veterans of Foreign Wars in San Antonio, Texas.
AT&T is trying to convince regulators to approve its $39 billion deal to merge with T-Mobile. Regulators and lawmakers have worried the merger would mean job losses. So the company is promising to bring back 5,000 call center jobs that are now overseas.
When Texas Gov. Rick Perry was asked about Social Security during a campaign stop in Ottumwa, Iowa, last weekend, he didn't mince words. He suggested that younger workers who are required to pay into the retirement system are the victims of a government swindle.
"We need to have a conversation with America, just like we're having right here today, and admit that is a Ponzi scheme for these young people," Perry said. "The idea that they're working and paying into Social Security today, the current program, that it's going to be there for them, is a lie."