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Yen hits World War II high against dollar
NEW YORK – The Japanese yen on Wednesday hit its highest level against the dollar since World War II, trading at 79.73 yen to a dollar as investors examined the impact of Japan’s disastrous earthquake and tsunami. Analysts said that heavy repatriation of funds to help the stricken country could…
US still wants to expand nuclear energy: Chu
WASHINGTON — The United States still wants to expand nuclear plant construction despite the Japan disaster and sees nuclear power as a key part of clean energy efforts, Energy Secretary Steven Chu said Wednesday. Testifying at a House subcommittee hearing about President Barack Obama’s request for energy funds in the…
Telecoms want ‘to put Netflix out of business entirely,’ Sen. Franken tells SXSW
AT&T ‘moving in a direction consumers don’t want to go,’ Netflix tells Raw Story Appearing in a recent panel discussion at the South by Southwest music, film and technology festival in Austin, Texas, Sen. Al Franken (D-MN) warned that net neutrality, or the treatment of all data on a network…
Survey finds Californians back tax extensions
SACRAMENTO, California (Reuters) – Californians would overwhelmingly back extending temporary tax increases to help balance the state’s budget if asked to in a special election, according to survey results released on Wednesday. The results of the statewide survey conducted by the University of California, Berkeley and The Field Poll were…
Housing starts see biggest drop since 1984
WASHINGTON (Reuters) – Housing starts posted their biggest decline in 27 years in February while building permits dropped to their lowest level on record, suggesting the beleaguered real estate sector has yet to rebound from its deepest slump in modern history. Groundbreaking on new construction dropped 22.5 percent last month…
US regulator warns of Facebook pre-IPO scams
WASHINGTON — A US financial regulator warned investors on Tuesday to be wary of con artists peddling non-existent shares in social media companies such as Facebook ahead of their going public. The Financial Industry Regulatory Authority (FINRA) said the scams involved offering investors’ access to private shares in social media…
Survey shows upbeat outlook from US millionaires
WASHINGTON (AFP) – More than four in 10 American millionaires say they now need $7.5 million to feel wealthy, according to a survey that uncovered surprising levels of optimism about economic prospects. Conducted by Fidelity Investments, the world’s largest mutual fund firm, the poll analyzed the investing attitudes and behaviors…
Cocaine is found at NASA’s Kennedy Space Center
A packet of white powder that was found at NASA’s Kennedy Space Center, where the space shuttle launches, has tested positive for cocaine, according to NASA’s Inspector General’s office. The packet contained “4.2 grams of a white powdery substance” and was “found in a NASA facility at KSC on March…
Apple delays iPad 2 release in Japan
NEW YORK – Apple said Tuesday that it was delaying next week’s release of the iPad 2 in Japan because of the earthquake and tsunami which devastated the country. “We are delaying the launch of the iPad 2 in Japan while the country and our teams focus on the recovery…
Online anonymity icon dislikes Facebook model
AUSTIN, Texas – The founder of Internet anonymity haven 4chan thinks Facebook founder Mark Zuckerberg is mistaken when it comes to online identities. Remaining unknown online frees people to blaze ahead with creative endeavors they might otherwise shy away from for fear of being embarrassed, Christopher “moot” Poole said at…
Brand new on Raw Story
- Jon Stewart rips Obama for aggressive investigation of whistle-blowers instead of bankers
- WATCH LIVE: Rescue operation begins as Washington state bridge collapses
- Senate unanimously approves Sri Srinivasan as first India-born senior judge
- Republican congressman fined $500 over sexual misconduct
- Anthony Weiner’s mayoral campaign off to a rocky start after police called to rally
- George Zimmerman lawyers release Trayvon Martin’s cellphone data to discredit killed teen
- IRS director Lois Lerner placed on administrative leave
- Questions Obama dodged in terror speech
- Texas Gov. Rick Perry ‘greatly disappointed’ by vote to admit openly gay Boy Scouts
- Boy Scouts to allow gay members but ban on gay and atheist leaders continues
Commentary
The real problem with 'check your privilege': It’s too generous
By Amanda Marcotte
The reality is Americans aren’t that concerned about drones
By Harry Enten, The Guardian
Tone policing only goes one way
By Amanda Marcotte
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