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How 'High-Beta Rich' Binges Shake Up The Economy
"The rich are not only getting richer — they are becoming more dangerous." That's according to Wall Street Journal writer Robert Frank, whose new book, The High-Beta Rich, shows how the spending of the top 1 percent has become "the most unstable force in the economy."
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•
30:17
'Micro': Crichton's Larger Than Life Nanotech Novel
When Crichton died of cancer in 2008, he left behind an unfinished techno-thriller. Superb science-writer Richard Preston has completed Micro, the story of young scientists who get shrunk to a size smaller than ants when a nanotech invention is used for evil.
In Indonesia, Anger Against Mining Giant Grows
Workers at the world's largest gold mine, located in Indonesia's remote Papua province, have gone on strike for higher pay; several people have died in clashes with police. Critics say the mine's owner, American mining conglomerate Freeport-McMoRan, operates with impunity because of powerful friends.
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•
5:41
Gun Violence Survivors Push For Tighter Restrictions
They want lawmakers to narrow loopholes in the background check system for people who buy firearms. Supporters of the legislation say that might have made a difference last January, when a gunman in Tucson, Ariz., killed six people and wounded 13 others, including Rep. Gabrielle Giffords.
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3:33
N.Y. Occupy Demonstrators Evicted, Fight Legal Battle
Police officers removed Occupy Wall Street protesters from Zuccotti Park in New York City early Tuesday morning. Mayor Michael Bloomberg said the operation took place at night to "reduce the risk of confrontation." But clashes erupted and about 70 people were arrested.
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•
4:38
WWI: France Hoped Fake Paris Would Fool Germany
Veterans Day was last week, and with it came a reminder of a World War 1 strategy. Britain's Daily Telegraph reported on the fake city France was creating in hopes German bombs wouldn't hit the real Paris. The sham city was never finished because the war ended.
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0:28
Boise Streaker Picks Wrong Path To Elude Police
Police say a man in Boise, Idaho, went running naked through a park. Police gave chase. When they caught up to him, the naked man had become entangled in the barbed wire on top of a fence.
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0:28
Austrian School Economist Hayek Finds New Fans
Austrian economist Friedrich Hayek's arguments for free-market capitalism and against socialism and central planning made him a popular figure in 1940s America — and again today. His book got a boost last year when Glenn Beck discussed it on air. But some say Hayek and his book are misunderstood.
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6:19
Gangs Enter New Territory With Sex Trafficking
Though most are known to deal with drugs and weapons, a new FBI threat assessment says street gangs have been moving into some different territory lately: human trafficking. The FBI says gang members increasingly are pushing women and children into prostitution.
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4:01
The News Tip: Saying It's Over Doesn't Make It So
Two weeks ago, Republican presidential candidate Herman Cain found himself fending off reports of sexual harassment published in the Washington political newspaper, Politico. He said there was "nothing else there to dig up." That was, predictably, not the end of the story.
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5:30
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