Five years ago this week, Lehman Brothers collapsed, and America's financial crisis began. On Monday morning, President Obama will mark the anniversary with a speech in the White House Rose Garden. The White House released a new report ahead of the address, assessing how the government's efforts to stabilize the economy turned out.
The county's Twin Towers Correctional Facility in downtown Los Angeles is a hulking, massive concrete structure. It is also part of the largest municipal jail system in the United States.
On a recent day, four men enter handcuffed with a police escort. The sheriff's deputies assign them cells, and for the duration of their sentences, this is home. The men wear bright blue pants and neon yellow shirts to set them apart from other inmates.
Originally published on Mon September 16, 2013 10:01 am
Larry Summers has removed his name from the running to be the next chairman of the Federal Reserve. The former Treasury secretary informed President Obama of his decision in a phone call Sunday. The withdrawal was first reported by The Wall Street Journal.
The songwriter and guitarist Sidi Touré is a superstar in his native Mali. But in the last 18 months, it hasn't been easy for Malian artists.
Islamic extremists are fighting for control of the area around Timbuktu, in the northern part of the country. The violence, along with a rebel-imposed ban on both music and secular art, has forced many of Mali's artists to flee the country.
Sidi Touré, who is from the North, was in the middle of recording his latest album when all this started happening.
Originally published on Sun September 15, 2013 3:29 pm
In the weeks since Iran's President Hasan Rowhani was elected this summer, he and President Obama have swapped letters, Obama says. The U.S. president discussed the exchange for the first time publicly in an interview with George Stephanopoulos that aired on ABC's This Week Sunday.
Originally published on Sun September 15, 2013 2:56 pm
Sometimes presidents have to make things up as they go along.
President Obama's decisions have had an improvisational air these past three weeks. His course on Syria kept shifting, at times seemingly guided by offhand remarks.
But the results are what count.
"If it works out in the end, the president's allowed to be uncertain," says Tim Naftali, a former director of the Nixon presidential library. "Oftentimes, the judgment you get during the crisis is not the judgment you get at the end."
Cyclist Graeme Obree, 48, has set a new world speed record for prone bicycles, as the man known as the Flying Scotsman topped 56 mph during a session at the just-completed World Human Speed Championships, held at Battle Mountain in the Nevada.
Pedaling with his nose less than an inch away from the front wheel of his custom-built, smooth-skinned bike, Obree finally succeeded Friday, after early runs failed to break the record of 54.9 mph set by Steve Ball in 1983.