Originally published on Wed August 1, 2012 4:00 pm
While it does indeed appear that "economic activity decelerated somewhat over the first half of this year," the Federal Reserve also said in its policy statement this afternoon that it is not — as of yet — taking any news steps to give the economy a boost.
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.
Not using one's best efforts to win a match. Few Americans know much about the sport of badminton, but that rule will likely be the subject of a lot of discussion over the next few days. Today, badminton officials at the London Olympics disqualified eight players for tanking. Women's doubles teams from South Korea, Indonesia and China drew boos yesterday when it looked like they deliberately lost preliminary matches to engineer more congenial match-ups later in the tournament.
This is TALK OF THE NATION. I'm Neal Conan, in Washington. The Texas Tea Party cruises to victory. Congress actually acts to avoid a shutdown, and former Veep Dick Cheney pans the Palin pick. It's Wednesday and time for a...
VICE PRESIDENT DICK CHENEY: A mistake.
CONAN: ...edition of the Political Junkie.
PRESIDENT RONALD REAGAN: There you go again.
VICE PRESIDENT WALTER MONDALE: When I hear your new ideas, I'm reminded of that ad: Where's the beef?
American bomber pilot Paul W. Tibbets Jr. (center) stands with the ground crew of the bomber Enola Gay, which Tibbets flew in the atomic bombing of Hiroshima, Tinian island, Northern Marianas, August 1945.
In 2003, in the run-up to the invasion of Iraq, President George W. Bush argued that an occupation could work because history provided an example in a non-Christian, non-white, non-Western country: the United States' occupation of Japan during World War II.
He cited the work of historian John Dower, the pre-eminent scholar of postwar Japan, who promptly published an op-ed to protest a misuse of history. His work, he said, should have led President Bush to the opposite conclusion.
Plenty To Smile About: Weightlifter Maiya Maneza of Kazakhstan celebrates on the podium with her new 400-gram gold medal, matching the feat of her compatriot Zulfiya Chinshanlo. The Kazakh Olympians will each receive a $250,000 bonus.
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.