Three years into the economic recovery, the unemployment rate is still disastrously high. So today's big economic question is whether the Federal Reserve will announce new measures to bring down unemployment when it releases its policy statement this afternoon.
Update: The new statement is out. The Fed isn't doing anything new right now.
Weighing 400 grams, the Olympic gold medals that are being doled out at the London 2012 Summer Games are the heaviest ever, according to reports. But that doesn't mean they're the most valuable: at an estimated $620.82, they're nearly $590 short of the $1,207.86 value held by a gold medal from the Stockholm Games of 1912.
The discrepancy stems from the fact that the 2012 gold medals contain only 6 grams of gold; the rest is silver and copper. In fact, the London bling contains more copper than gold, which is only used to coat the medals with a plating layer.
Scientists reported new evidence Wednesday that supports a provocative theory about cancer.
Three separate teams of scientists said they had, for the first time, shown that so-called cancer stem cells can be found naturally in brain tumors and early forms of skin and colon cancer.
Evidence has been mounting in recent years for the existence of these cells, which would be especially insidious. They are believed to resist standard chemotherapy and radiation and fuel the growth of tumors and relapses.
Originally published on Wed August 1, 2012 3:32 pm
After talking to artists Judith and Richard Lang I couldn't stop thinking about the plastic in my life. I looked around my kitchen — at the dish soap bottle, the food storage containers, my kiddo's toys — and realized this stuff might be around for a long, long time.
The Olympics are a quest to be the best. But some Olympians are accused of purposely playing badly at badminton. The Badminton World Federation has launched disciplinary proceedings against four women's doubles pairs. First, the world champions, who are Chinese, faced off against opponents from South Korea. And spectators started booing when the players seemed to be making simple errors on purpose.
Originally published on Wed August 1, 2012 2:41 pm
Kristin Armstrong has successfully defended her gold medal in the Olympic time trial, winning the race held in Surrey, England. Armstrong finished the 18-mile course in 37:34.82, nearly 16 seconds ahead of Judith Arndt of Germany, who won the silver.
Olga Zabelinskaya of Russia won bronze, seven seconds behind Arndt. American Amber Neben came in sixth, at 38:45.17. Britain's Elizabeth Armitstead, the silver medal winner in the road race, was tenth.
British cyclist Bradley Wiggins has won the gold medal in the men's individual time trial event, beating Germany's Tony Martin by 42 seconds. He took 50 minutes and 39 seconds to cover the course of 49 kilometers (just under 30.5 miles).
Martin took silver, and the bronze went to Britain's Chris Froome, who played a vital support role as Wiggins' teammate in his Tour de France victory last month.