It's been a bumpy ride these past few years for investors looking for easy ways to make money. Stocks, bonds and real estate have all seen wild swings or simply delivered disappointing results.
But a taxi medallion is one investment that keeps going up in value: Two of them recently sold for a record $1 million each.
A taxi medalliongives the bearer the right to pick up rides for hire. It turns out it's also a great investment vehicle. When New York cab driver Sushil Maggoo bought his in 2003, for example, he paid around $215,000.
Originally published on Tue November 15, 2011 2:52 pm
Today, a subcommittee of the Committee On The Judiciary heard some fascinating testimony about the Computer Fraud and Abuse Act (CFAA). (We know what that sounds like, but bear with us.)
The hearing, titled "Cyber Security: Protecting America's New Frontier," really focused on big cyber threats to the country's infrastructure, but there was another juicier question that came out of the hearing: The way the Justice Department wants to interpret a current law, lying on the Internet would amount to a crime.
On Thursday, Energy Secretary Steven Chu will answer congressional questioning over the handling of a large federal loan guarantee made to the solar energy company Solyndra. The California-based company was to be the first of many American green technology innovators to receive support from the U.S. government. Two years later, Solyndra went belly-up. Melissa Block speaks with Chu about the scrutiny he is now facing over his support of the company.
Top Pentagon leaders went to Capitol Hill Tuesday and took tough questions from lawmakers on the future of the U.S. relationship with Iraq. Specifically, they addressed how the decision to withdraw all U.S. combat troops by the end of this year will impact Iraq's stability and U.S. national security interests in the region. Secretary of Defense Leon Panetta told a congressional committee that, while U.S. military commanders wanted to keep a contingency force on the ground, it was Iraq's decision to make.
Earlier this year, on Jan. 8, Rep. Gabrielle Giffords (D-AZ) was shot in the head as she met with constituents in Tucson, Ariz. She was one of 13 people injured that day. Six people were killed.
It had been four years since Giffords arrived in Washington as a wide-eyed freshman and told NPR: "Life's good and [I'm] very, very excited — so optimistic about taking our country in a new direction."
Police officers removed Occupy Wall Street protesters from Zuccotti Park in New York City early Tuesday morning. Mayor Michael Bloomberg said the operation took place at night to "reduce the risk of confrontation." But clashes erupted and about 70 people were arrested.
From a conversation later today on All Things Considered with her husband Mark Kelly, to last night's interview with the couple on ABC-TV to an audio message for her constituents, there are several things to pass along this morning about Rep. Gabrielle Giffords (D-Ariz.) and the recovery she's making from being shot in the head last January.