Latinos in Gaylord claim police discrimination Some Latino residents in the small town of Gaylord are filing a complaint with the Minnesota Department of Human Rights. They say they are victims of racial discrimination and retaliation by the town's police department.7:40 a.m.
Survey: U.S. Doctors Regularly Prescribe Placebos
The American Medical Association says doctors shouldn't prescribe placebos because the practice undermines trust. But in a new study, about half of the physicians surveyed say they regularly prescribe placebos — and that patients are mostly unaware.
New President To Redefine Democracy-Spreading
Spreading democracy worldwide may continue with the new president, but policies will likely look different than they did under the Bush administration. Both candidates have close ties to international democracy-promoting organizations.
Kenny Sailors: Father Of Basketball's Jump Shot
Kenny Sailors is widely recognized as the originator of the jump shot in basketball. That was in the first half of the 20th century. Now 87, Sailors describes how it all started — and discusses the odd celebrity that his accomplishment has brought him.
A Priceless Send-Off For The Met's Director
New York's Metropolitan Museum of Art bids farewell today to its longtime director, Philippe de Montebello, by opening an exhibition of carefully culled objects acquired during his 31-year tenure.
Recession Fears Frighten Wall Street Investors
Wall Street stocks plunged sharply after Friday's opening bell, following huge drops in overseas markets. Currency markets, commodities and bond markets are also volatile. Analysts say investors are worried about a global recession. Part of the problem is that big companies keep reporting that their profits are weaker than expected.
Recession Fears Drag Down Wall Street At Opening
Stocks on Wall Street followed the lead of stocks on foreign exchanges and opened lower Friday. At the start of trading in New York, the Dow Jones industrial average dropped more than 400 points. Global investors began dumping stocks on fears of a worldwide recession. Japan's main index fell 10 percent. European stocks also were lower.
Obama Touts His Tax Policies
Democratic presidential hopeful Barack Obama is taking some time off from the campaign to visit his ailing grandmother. Before heading to Hawaii, Obama spent part of Thursday campaigning in Indianapolis, where he poked holes in John McCain's tax policies.
Economic Turbulence Bands Economists Together
One of the ironic consequences of the financial crisis is how it has brought together conservative and liberal economists. The two sides suddenly find themselves in agreement about how to mitigate the consequences of the worst economic shakeout since the Great Depression.
Help May Be On The Way For Homeowners
Many lawmakers who approved the $700 billion bailout for the financial industry are wondering if it does too much for banks and too little for homeowners facing foreclosure. Government officials handling the bailout told a Senate panel Thursday that they are working to help homeowners avoid foreclosure.
Greenspan Admits Free Market Ideology Flawed
Former Federal Reserve Chairman Alan Greenspan told a House committee Thursday that the banking and housing crisis is a "once-in-a-century credit tsunami." When asked if his ideology pushed him to make bad decisions, Greenspan said he found a "flaw" in his governing ideology that has led him to re-examine his thinking.
Economic Downturn Equals Layoffs
The economy appears to be in a downward spiral. The government reported a jump in first-time unemployment claims Thursday. Goldman Sachs, Xerox and other companies announced this week that they are cutting thousands more workers.
Global Stock Markets Trading Lower Friday
With companies warning of lower sales and smaller profits, stock investors around the world are fleeing for the exit. Gloomy forecasts from big Japanese exporters sent the Nikkei index plunging 10 percent Friday, and all the European stock markets are plummeting, with Russia down 14 percent.
Poll: Workers Say They Relate Well To Their Bosses
A survey from the staffing firm Ranstad USA shows that 77 percent of employees say they relate to their supervisors positively. Nearly two-thirds had nice things to say about their manager. One company official suggests the economy could be one reason so many workers feel that way. But liking your boss doesn't mean you think he or she is competent. Only half of workers in the survey said that.
Asian Exporters Hurt By U.S. Consumer Slowdown
When Americans stop buying cars, cameras and flat-screen televisions, Asian executives wring their hands. Many of Asia's biggest companies depend on U.S. consumers. Top Japanese and Korean exporters are forecasting slower sales because of the economic slowdown. Stocks in these companies plummeted Friday, and with overall fear of recession still causing panic in the market, Asian stocks took another nosedive. Japan's Nikkei fell nearly 10 percent.
Joplin May Be Reddest Corner In Missouri
In the past two presidential elections, Missouri has voted Republican. In the southwest corner of the state, there's a town near the Oklahoma-Kansas border that has been mostly Republican since Democrat Woodrow Wilson was president. The town's barber says he was surprised to hear people speaking favorably about the Democratic ticket.
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