Markets are just fine.
With the government withholding money from all but its necessary functions, you’d think the financial markets would be freaking out appropriately. You’d be wrong. The Dow Jones Industrial Average actually rose 76.10 points on Friday, and the 30-stock average declined just 1.2 percent over the course of the week. Investors seem to see the shutdown as no big deal—yet. Many reportedly don’t think this shutdown will go on long enough to be too much of a problem and are counting on the Fed to keep the economy going. But the debt-ceiling battle in a couple of weeks could cause problems. Said the president this week, “When you have a situation in which a faction is willing potentially to default on U.S. government obligations, then we are in trouble.”
Asian commentators worried it means less investment in region.
Well, this is awkward. President Obama was forced to cancel a diplomatic trip to Asia in order to deal with the shutdown battle at home, leaving Secretary of State Kerry to deal with the fallout. Secretary Kerry assured reporters outside the Asia-Pacific Economic Cooperation on Saturday that the canceled trip is not a sign of reduced interest in the region by the United States, but merely a “moment of political silliness.” Still, commentators in the region are worried that the decision is the first step in a journey away from a commitment to the region that would counterbalance China’s rising power.
Specimen won't be displayed at Smithsonian this month.
It’s not just humans—or even living creatures—that are getting furloughed: a rare Tyrannosaurus Rex skeleton is also suffering from the shutdown. The 68 million-year-old dino is one of just a few complete skeletons of the species and was set to be the centerpiece of a new exhibition at the Smithsonian Museum of Natural History. A sendoff party from the skeleton’s Montana hometown, which was planned for next Friday’s National Fossil Day, was canceled and the specimen’s arrival at the museum put off until next spring. Some creatures just can’t catch a break.
In a pool in the middle of Manhattan.
Some people just can’t stop. Fresh off her record-breaking swim from Havana to Key West, Diana Nyad is ready for another endurance test: swimming for 48 hours straight. The “Swim for Relief” will raise money for Superstorm Sandy recovery and will take place in a specially-built pool in New York City’s Herald Square. She’s worried that most people outside the affected area have forgotten the storm and stopped relief efforts. “Well, thousands of people haven’t forgotten about it.”
They don’t think she had to die.
A day after a woman was shot and killed in Washington, D.C., while fleeing police, her family spoke to reporters about the woman behind the news. One of Miriam Carey’s sisters, speaking outside their Brooklyn home, is “still very confused as to why Miriam is not alive.” Carey, who was reportedly delusional, suffered from postpartum depression and had recently had a head injury, was shot to death by police during a car chase after other efforts to stop her failed. Although the sisters are sure that the situation could have ended differently, they aren’t certain of much else: “We don’t know why Miriam ended up going to DC, we don’t know if her depression contributed to her taking that ride,” said the sister.
Prior to Thursday’s bloody end in Washington, the 34-year-old new mom’s manic state required hospitalization and was drawing police to her Connecticut home. By Michael Daly.
When authorities in the Connecticut town of Stamford searched Miriam Carey’s apartment on Thursday night, they found prescriptions for the antipsychotic medication Risperidone and the antianxiety drug Escitalopram.The pills apparently had been prescribed in December, following a bout of psychotic delusions in which Carey declared herself “The Prophet of Stamford” and imagined that President Obama had put the town in lockdown. She further believed that the president had placed her home under electronic surveillance so as to broadcast her life on national television.
Once famous as a land of opportunity, the Golden State is now awash in inequality, growing poverty, and downward mobility that’s practically medieval, writes Joel Kotkin.
California has been the source of much innovation, from agribusiness and oil to fashion and the digital world. Historically much richer than the rest of the country, it was also the birthplace, along with Levittown, of the mass-produced suburb, freeways, much of our modern entrepreneurial culture, and of course mass entertainment. For most of a century, for both better and worse, California has defined progress, not only for America but for the world.
She wasn’t supposed to be in D.C. Michael Daly on the questions about the ‘hot-tempered’ hygienist who rammed the White House gates and died with her toddler still in her carseat.
As she sprawled dying from police bullets in the shadow of the Capitol, 34-year-old dental hygienist Miriam Carey left an 18-month-old daughter and a mystery that confounded even those closest to her.Her older sister in Brooklyn said the family was puzzled by why she was even in Washington, D.C., much less why she had crashed into a barricade outside the White House and hit a Secret Service officer, then led police on a wild chase that ended at the Capitol.
Thanks to Republican legislators in old Confederate states, universal health-care won’t be so universal. Jamelle Bouie on how poor blacks got shut out.
By the time it was fully formed, the Confederacy had eleven member states: Virginia, North Carolina, South Carolina, Georgia, Florida, Alabama, Tennessee, Mississippi, Arkansas, Louisiana, Texas, and the territory that is now Oklahoma.This, with the exception of Arkansas, is also a partial list of those states that have rejected the Medicaid expansion under the Affordable Care Act. As the New York Times points out in today’s must-read story, the direct result of this is to block millions of Americans from access to health insurance.
With serious concerns that Amazon's 'Prime Air' would infringe on privacy, The Daily Beast's Abby Haglage explains why the drones are a recipe for disaster.
Take that, Moses! A cheeky activist group has unveiled plans to erect a monument to the devil on the grounds of Oklahoma’s capitol—to ‘complement’ one honoring the Ten Commandments.