Some economists predict that the reconstruction from the damage caused by Superstorm Sandy will produce a stimulus effect for the U.S. economy in 2013 — especially in construction and related industries. Others say the losses associated with a storm will outweigh any positive effects from the rebuilding.
Congress will not succeed in avoiding the "fiscal cliff," if reports that the House of Representatives will not vote on the issue Monday are true. There are currently no votes scheduled on a deal to ease the tax hikes and budget cuts that come in the new year. The House
Some early Europeans toasted to profess their love to young women, while others lifted their arms to honor their kings. Toasting, which dates back to ancient times, is a ritual shrouded in urban legends. But one historian says some of the tall tales are actually true.
Diana Vreeland had a troubled childhood; her mother often told her she was ugly. But she later became editor-in-chief of American Vogue and one of the country's most revered fashion icons. Her life is captured in the new biography, Empress of Fashion: A Life of Diana Vreeland. Host Michel Martin talks with author Amanda Mackenzie Stuart.
This year's weather will be one for the record books; 2012 is slated to be the hottest summer on record. "We've already passed all kinds of tipping points," environmentalist Bill McKibben says. He's wondering if President Obama will take a different approach to climate change in the coming year.
Even if the Senate were to approve a compromise package and a majority of the House (Republicans and Democrats) were prepared to accept it, the deal likely won't even be brought to the House floor for debate and a vote. How can this be? Because of the de facto "majority of the majority" rule.