Originally published on Tue March 13, 2012 4:46 pm
Update at 4:34 p.m. ET. 15 of 19 Banks Pass Stress Test:
The Federal Reserve says 15 of the country's top 19 banks have enough capital to survive a "severe recession," which it defined as "peak unemployment rate of 13 percent, a 50 percent drop in equity prices, and a 21 percent decline in housing prices."
If you love Saint Patrick's Day but you hate green, Nike has the shoe for you, or so it thought.
ROBERT SIEGEL, HOST:
The athletic apparel behemoth is releasing a new version of its SB Dunk Low, a popular casual shoe. It is black and tan-colored. And since we're getting close to Saint Paddy's Day, the shoe has a nickname that is apparently beer-inspired - the Black and Tan.
Could Georgetown University students like Sandra Fluke have to wait an extra year for free birth control?
There's a reason to ask the question.
Fluke, in case you missed it somehow, is the law student who testified before the House Democratic Steering and Policy Committee last month about the importance of providing free contraceptive services to students and others at religiously affiliated institutions.
Originally published on Tue March 13, 2012 1:31 pm
Citing an economy that is "expanding moderately," an improving labor market and subdued inflation — but a housing sector that "remains depressed" — the Federal Reserve just announced it is holding to its current policy on short-term interest rates.
The central bank's policymakers also said they expect "moderate economic growth over coming quarters" and that the jobless rate will continue to "decline gradually."
The sudden national fame for 85-year-old North Dakota newspaper columnist Marilyn Hagerty because she wrote last week that the new Olive Garden restaurant in Grand Forks is "impressive ... welcoming ... [and] is the largest and most beautiful restaurant now operating" in the city reinforces two things for this blogger:
1. Almost everyone loves a story about someone who seems to be just so darn nice and who's still going strong at an age when many of us will just be glad to still be around.
More than a decade ago, an album came out recorded mostly on cassette in a house, never released on a major label — and until last month it had been out of print for almost that long. When Noel Gallagher of Oasis heard it, he declared it "amazing," and The Guardian called it "the best album The Beatles never recorded."