Traders Michael Geier, Michael Shearn and Paul Cosentino (L-R) work at the Goldman Sachs post on the floor of the New York Stock Exchange as a news conference by U.S. Federal Reserve Chairman Ben Bernanke is displayed on a screen, June 20, 2012.  REUTERS/Brendan McDermid

Fed extends economic stimulus, ready to do more

WASHINGTON - The Federal Reserve on Wednesday extended its latest monetary stimulus and sharply downgraded its forecasts for U.S. economic growth, saying it was prepared to take further steps to help the faltering recovery if needed.  Full Article | Video 

House panel votes Holder in contempt of Congress 6:55pm EDT

WASHINGTON - A U.S. congressional panel voted on Wednesday to charge Attorney General Eric Holder with contempt of Congress after the Obama administration invoked executive privilege for the first time since coming to office, withholding some documents related to a failed gun-running investigation.

A cowboy rides a horse through town as he watches a Cinco de Mayo celebration in Beardstown, Illinois, May 6, 2012.REUTERS/Jim Young

Midwest farm town transformed by immigration

BEARDSTOWN, IL - The small town of Beardstown, which first had to adapt to one new language - Spanish and a mostly Mexican culture - is again being transformed by dozens of new cultures as a crackdown on illegal immigration continues.  Full Article | Related Story 

Joe Belfiore, corporate vice president of Microsoft, introduces the Windows Phone 8 mobile operating system in San Francisco, California, June 20, 2012. REUTERS/Noah Berger

Microsoft's new phone software tied to Windows

SEATTLE - Microsoft's new phone software will be built on the same core as its new upcoming PC and tablet operating system, bringing the company one step closer to unifying its Windows franchise across a full range of screens that are revolutionizing computing.  Full Article | Video 

Members of the general public are allowed in to watch legal arguments over the Patient Protection and Affordable Care Act at the Supreme Court in Washington March 26, 2012. REUTERS/Jonathan Ernst

The Supreme Court, healthcare and your wallet

WASHINGTON - Within a week, the Supreme Court is likely to rule on the landmark health care law that President Obama made the centerpiece of his first term in office. And while the political ramifications could be dramatic, the financial impact on Americans may be less severe.  Full Article 

A shopper walks by the sodas aisle at a grocery store in Los Angeles April 7, 2011.  REUTERS/Mario Anzuoni

Soda taxes can be used to fight obesity: doctors

CHICAGO - America's largest physician organization recommended that taxes levied on sugar-sweetened sodas be used to fight the country's growing obesity crisis.  Full Article 

A prototype sprinter's shoe is seen in this image taken from Reuters video.

Sprinter's shoe may be good for gold

A custom-made running shoe that its designer claims is the world's lightest, and promises to shave fractions of a second off a sprinter's race time, was displayed as part of a design exhibition in London this week.  Video 

An eight-foot tall, 24-foot long, 75% complete Tyrannosaurus bataar skeleton is seen in this undated handout photo from Heritage Auctions in New York. REUTERS/Heritage Auctions/Handout
Science

U.S. claims Tyrannosaurus skeleton was stolen

NEW YORK - U.S. authorities filed a lawsuit in New York seeking to return to Mongolia a 70-million-year-old piece of the Central Asian nation's cultural heritage - fangs and all.  Full Article 

Greek coalition takes power, promises to revise bailout

June 20 - A conservative-led government takes power in Greece Wednesday, promising to negotiate softer terms for its international bailout. Deborah Lutterbeck reports.

Anatole Kaletsky

Can the rest of Europe stand up to Germany?

One country poses an existential threat to Europe – and it is not Greece, Italy or Spain. Every serious proposal to resolve the euro crisis since 2009 has been vetoed by Germany, and this pattern looks likely to be repeated next week.  Commentary 

David Cay Johnston

America's long slope down

A broad swath of official economic data shows that America and its people are in much worse shape than when we paid higher taxes, higher interest rates and made more of the manufactured goods we use.  Commentary 

John C Abell

Scratching the Surface: When is a tablet not a tablet?

The notion that “The Surface” – Microsoft’s new tablet PC unveiled Monday – will take on Apple’s iPad is misguided. Microsoft's new product isn't challenging the iPad. It's challenging the MacBook Air.   Full Article 

Edward Hadas

Of morals and markets

Are markets crowding out morals, as philosopher Michael Sandel claims? Not at all. Justice is becoming more important, and markets and money less, in everything from marriage to wages. Besides, money does more good than harm. The Marxist idea of monetary alienation is confused.  Commentary 

Robert Hockett

A solution for underwater mortgages: Eminent domain

To revive the nation's sluggish housing market, principal writedowns are going to be necessary. But who is best positioned to do them? Cities, using their power of eminent domain.   Commentary 

Christopher Papagianis

Why not an "intelligent" infrastructure plan?

The future of infrastructure in the U.S. is about achieving system performance rather than always adding raw capacity. Technology is leading the way to what could be a plan for intelligent reform.  Commentary 

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