It was two outs, bottom of the ninth for the New York Mets. Facing a civil trial in federal court this week, they managed to pull off a clutch out of court settlement with a price tag of $162 million, the value of a long-term contract for a star player. The team's owners reached that deal with the trustee recovering money for victims of imprisoned financier Bernie Madoff.
But as WNYC's Janet Babin reports, any relief is tempered by the team's long-term financial struggles.
Shell Oil plans to explore for petroleum off Alaska's north coast this summer. The native people of Alaska have a big stake in both oil revenue and environmental protection. That conflict has played out in recent trips by Inupiats to Washington, D.C., to argue their case.
When 21-year-old Kevin Smith decided he wanted to be a filmmaker, his sister gave him some advice: "Don't say you want to be a filmmaker; just be one." So he did. He made his first film, Clerks, on a shoestring, shooting at the convenience store where he worked.
One of the defining elements of the 2012 presidential campaign is money. Not that the candidates themselves have raised all that much; except for President Obama, they haven't. But two dozen wealthy Americans have put in at least $1 million each.
Mostly, they're a mix of Wall Street financiers and entrepreneurs. One of the biggest donors is Sheldon Adelson, a casino magnate who is worth about $25 billion.
Despite losses in Alabama and Mississippi, Mitt Romney lost little ground to Rick Santorum in the delegate chase last week — thanks primarily to wins in offshore territories, whose residents will not be allowed to vote for president come November.
Santorum had his best delegate week between his victory in the Kansas caucuses March 10 and his wins in the Deep South on March 13. The week ended Sunday with a primary in Puerto Rico.
In nine contests between March 10 and March 18, Santorum picked up 73 delegates, while Romney won 69.
The U.S. Treasury said today that it had made $25 billion from the sale of mortgage-backed securities it bought back during the financial crisis. The Treasury said the sale was part of its effort to wind down the bailout programs.
Most Americans have little difficulty practicing their religion. But for Native Americans, performing traditional religious ceremonies isn't always so simple. Many rites often involve heavy regulation by federal authorities — especially when it comes to using sacred items like eagle feathers.