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Economy
5:12 pm
Wed September 18, 2013

The Fed's Surprising Decision: Should You Cheer Or Boo?

Federal Reserve Chairman Ben Bernanke arrives to speak at a news conference Wednesday in Washington, D.C. The Fed cut its economic growth forecasts and said it would keep buying bonds in a bid to keep interest rates down.
Mark Wilson Getty Images

If you are trying to buy a home, you just got good news: The Federal Reserve said Wednesday it is not going to try to drive up long-term interest rates just yet.

Stock investors are happy for you. They like cheap mortgages too because a robust housing market creates jobs. To celebrate, they bought more shares, sending the Dow Jones industrial average up 147.21 to an all-time high of 15,676.94.

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The Two-Way
5:02 pm
Wed September 18, 2013

New Zealand Sails Within One Race Of The America's Cup

Emirates Team New Zealand and Oracle Team USA in action during Race 11 of the America's Cup finals on Wednesday in San Francisco.
Justin Sullivan Getty Images

Originally published on Wed September 18, 2013 5:59 pm

Emirates Team New Zealand is within a single race of snatching the America's Cup from defenders Oracle Team USA, as the two giant catamarans square off in the waters off San Francisco for a 12th time.

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The Two-Way
4:57 pm
Wed September 18, 2013

On Budget Issues, Pentagon's Rhetoric Is Challenged

Originally published on Wed September 18, 2013 5:06 pm

The budget battles in Washington have inspired the need for some verbal gymnastics that have challenged even the most adept doublespeakers at the Pentagon. As one member of the House pointed out today, some Pentagonians have insisted that Congress cannot cut a single additional dollar from defense, without endangering the national defense strategy.

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The Two-Way
4:35 pm
Wed September 18, 2013

Blame Miley Cyrus: University Removes Wrecking Ball Sculpture

A college student copies Miley Cyrus.
Twitter

Eighteen years after it was placed there, a wrecking ball sculpture that has sat on the campus of Grand Valley State University in Allendale, Mich., has been removed and put into storage.

And you can blame Miley Cyrus.

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The Two-Way
4:20 pm
Wed September 18, 2013

Good Samaritan Could Get Unclaimed Lotto Jackpot In Spain

Women in Barcelona check their numbers for Spain's Christmas lottery, named "El Gordo" (Fat One), in 2012.
Josep Lago AFP/Getty Images

Originally published on Fri September 20, 2013 5:10 am

A city in northwest Spain issued a rather unusual lost-and-found notice this week:

FOUND: A lottery ticket bought more than a year ago, which entitles the owner to an unclaimed $6.3 million jackpot.

LOST: The ticket's owner.

From its El Gordo ("The Fat One") Christmas lottery, to the summertime EuroMillions drawing, Spain is a country obsessed with playing the lottery — especially in a dismal economy.

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