The bankruptcy of MF Global — and the mismanagement of its clients' money — is causing trouble for a lot of ranchers and farmers. They were major clients of MF Global, buying futures contracts to hedge against swings in the value of their crops and livestock. MF Global cannot account for more than a billion dollars of its customers' cash. Lynn Neary speaks with cattle rancher Tim Rietzke of Coldwater, Kan., about his lost money.
The protests that have spread across Russia took a big political toll today, when the speaker of parliament announced his resignation. As the AP reports, the move appears to be tailored by Prime Minister Vladimir Putin as an attempt to "stem public anger."
Tammi Warren has lived on the same winding street in the Detroit suburb of Inkster, Mich., all her life. But as she drives down the block in her Ford pickup, Warren points to several houses on her street that stand vacant, casualties of the housing market collapse.
Vacant houses mean less tax revenue for the city, and less revenue makes it harder for Inkster to provide basic city services.
"[The] city of Inkster has eliminated 38 positions," says City Treasurer Mark Stuhldreher. "It's about 25 percent, roughly, of the workforce."
Now, we all have reason to complain about the speed of our Internet connection. Scientists announced yesterday that they have broken the Internet speed record by transferring data at 186 Gbps between two cities.
Originally published on Thu December 15, 2011 10:36 am
The eyes of Texas have been upon James Richard "Rick" Perry ever since he boot-scootin' boogied onto the public-service stage. Now political observers are watching Perry's fortunes fluctuate as a Republican candidate for president.
Political junkies have followed the career of Perry — an Eagle Scout, veterinary student and son of a farmer and a bookkeeper — from his initial election as a Democrat to the state House of Representatives in 1984. They have studied his endorsement of Al Gore for president in 1988. They watched him as he changed parties in 1989.