2012 YEAR IN REVIEW
The standout news & pop obsessions gleaned from your search habits
Notable deaths 2012
- Photo By REUTERS Mon, Dec 17, 2012
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- Ahead of the Bell: JC Penney
J.C. Penney's stock is climbing in premarket trading Wednesday, buoyed by a rise in a key sales metric in November. On Tuesday the department store operator reported that sales at stores open at least ...
- Man survives 3 days at bottom of Atlantic
- Dome owners fight to keep Rams in St. Louis
The owners of the Edward Jones Dome said Tuesday they are hopeful the St. Louis Rams won't leave after city leaders rejected $700 million in publicly funded upgrades sought by the team under a clause some ...
- Obama 'crossed the constitutional line,' House panel is told
Two constitutional law professors told Congress on Tuesday that President Obama exceeded his authority when he unilaterally extended the deadline for enforcement of the employer mandate in the Affordable Care Act. The law professors made their comments during a three-hour hearing before the House Judiciary Committee, which is examining a string of unilateral actions taken by the White House that critics say usurped legislative powers or bypassed limits on executive authority. “I believe the president has exceeded his brief,” George Washington University Law Professor Jonathan Turley testified.
- Bill Clinton: I never denied smoking marijuana
In a TV interview, the former president sets the record straight about his infamous "I didn’t inhale" quote.
- Why the U.S. economy should be scared of the Amazon drone
This week, Amazon founder Jeff Bezos revealed his latest plans to revolutionize delivery services: A helicopter drone designed to bring you your packages in 30 minutes or less. In the 1930s, economist John Maynard Keynes warned of “technological unemployment,” an economic condition in which more jobs are being lost than created because of mechanization. In recent years, that trend has accelerated, according to researchers at the Massachusetts Institute of Technology, who argue that new technologies like computerized inventory control and voice recognition software are allowing machines to move into service sector jobs that were once thought to be beyond their reach.
- Driver in fatal New York train crash 'zoned out': union
By Chris Francescani , Mark Hosenball and Curtis Skinner (Reuters) - The driver of a New York commuter train that derailed on Sunday, killing four people, told federal investigators he "zoned out" shortly before the crash, the driver's labor union leader said. The driver, William Rockefeller, 46, applied the brakes five seconds before it derailed. The crash also critically injured 11 people and snarled travel for the roughly 26,000 regular commuters on the Metro-North Hudson line that serves suburbs north of New York City. On Tuesday, Rockefeller told National Transportation Safety Board investigators that "he nodded.
- Upbeat U.S. data points to growth momentum
By Lucia Mutikani WASHINGTON (Reuters) - U.S. private-sector hiring rose in November at the fastest clip in a year, opening the door wider for the Federal Reserve to start trimming its bond purchases within the next few months. Other data on Wednesday also pointed to a brightening outlook, with the services industry expanding at a decent pace last month and exports hitting a record high in October. There was also good news on the housing market as new home sales posted their largest increase in nearly 33-1/2 years. "The economy seems to be building enough momentum that growth should accelerate as we move through the first part of next year," said Joel Naroff, chief economist at Naroff Economic Advisers in Holland, Pennsylvania.