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The Two-Way
3:05 pm
Fri May 18, 2012

On Two First-Class Seats, Olympic Torch Arrives In England

David Beckham holds the Olympic Flame as it arrives at RNAS Culdrose near Helston in Cornwall, England.
Matt Cardy Getty Images

Originally published on Fri May 18, 2012 3:07 pm

Flanked — literally and figuratively — by British royalty, the Olympic torch was flown from Greece to England, where it will begin a final 70-day journey before the 2012 London Olympics.

The Telegraph reports that after a rainy ceremony in Greece, the torch was taken aboard British Airways Flight 2012. The paper adds:

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Around the Nation
2:36 pm
Fri May 18, 2012

Will Population Shifts Alter Immigration Debate?

Hispanic residents walk by a law office in Union City, N.J., specializing in immigration in March. Union City is one of the state's largest cities, and has a Hispanic population of more than 80 percent.
Spencer Platt Getty Images

The U.S. Supreme Court's expected ruling in June on Arizona's immigration law will set the blueprint for states where many officials say they face a crisis in trying to crack down on rising numbers of illegal residents.

Yet population changes and various research indicate that the great flow primarily of Latino illegal immigrants, which lasted at least two decades, ended several years ago.

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Energy
2:35 pm
Fri May 18, 2012

Pipeline Flip Turns U.S. Oil World 'Upside Down'

The U.S. oil boom has created a glut of crude in Cushing, Okla., a major oil storage hub. This sign dubs the city the "Pipeline Crossroads of the World."
Jeff Brady NPR

Originally published on Fri May 18, 2012 5:34 pm

For years, Cushing, Okla., has been on the receiving end of a 500-mile pipeline funneling oil from the Gulf of Mexico to the American heartland.

Starting this weekend, that pipeline will start moving crude in the other direction. That flow reversal could soon have implications at gas pumps around the country.

"For 40 years, crude oil flowed north," says Philip Verleger, a visiting fellow at the Peterson Institute for International Economics. "Today, oil flows south. It's as if we turned the world upside down."

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Movie Reviews
2:23 pm
Fri May 18, 2012

Coming Soon — To A Theater Nowhere Near You

A scene from Battleship, which opens this weekend in the U.S. Thanks to earlier releases abroad, the film has already grossed $215 million worldwide.
ILM/Universal Pictures

Originally published on Fri May 18, 2012 5:34 pm

The movie Battleship, based on the popular board game, opens today in the U.S. In most respects, it's a typical popcorn picture — the kind of effects-laden action movie that audiences often turn into a summer blockbuster.

And while it may not be any good, it is undeniably ours — American from the water up: a Universal Studios picture about an alien invasion, crammed with special effects from Industrial Light and Magic and set largely on American warships.

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The Two-Way
2:06 pm
Fri May 18, 2012

What Facebook May Mean For Your Portfolio, Even If You Didn't Buy It

Facebook shares began trading on Nasdaq shortly after 11:30 a.m. on Friday.
Richard Drew AP

Originally published on Fri May 18, 2012 5:25 pm

Don't worry if you missed out on Facebook's initial public offering. Chances are, if you own shares in a broad-based index fund, you'll be holding onto some Facebook soon enough.

Facebook is such a huge offering -– with an initial market capitalization of more than $100 billion, it instantly becomes one of the 25 largest "cap" stocks — that it could have a distorting effect on some funds, at least in the short term.

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