Mayo, a financial powerhouse, is poised to propel expansion Mayo Clinic wants to invest billions of dollars of its own money in a project aimed at bolstering the medical center's position as a world destination for health care. The clinic is now trying to line up state subsidies and private investors to round out financing for what would be a grand expansion. But does Mayo itself have the money needed to pull off such a huge project?5:40 a.m.
Trial Against BP To Begin Over 2010 Rig Explosion
Some are calling it "the trial of century." In New Orleans Monday, dozens of lawyers will pack into a federal courtroom to argue over BP's civil liability from the 2010 Gulf of Mexico oil spill. Millions of barrels of oil fouled beaches from Texas to Florida. Billions of dollars are at stake.
Hoboken Mayor Proposes 'Universal Solution' To Flooding
In New Jersey, Hoboken Mayor Dawn Zimmer announced a proposal to build seawalls and other mitigation efforts to fortify the city against flooding from future storms. Saltwater inundated low-lying parts of Hoboken for weeks after Hurricane Sandy. Zimmer wants to make Hoboken a test case for low-lying coastal cities like Boston and Philadelphia, but she'll need approval and support from the federal government to do it.
Pediatricians Urged To Treat Ear Infections More Cautiously
The new guidelines for treating childhood ear infections are intended to reduce unnecessary antibiotics use. They say doctors should look at the eardrum to make sure a child really has an ear infection, instead of relying on symptoms. And if the child doesn't have severe symptoms, see if the ear gets better on its own.
What Will Happen To All The Letters People Sent to Newtown?
In the weeks following the killings at Sandy Hook Elementary School, more than a quarter-million cards, letters and gifts have arrived in Newtown, Conn. The town is trying to decide what to do with a collection that quickly outgrew its storage at the municipal building and now fills a warehouse.
Oakland To Issue IDs That Double As Debit Cards
Oakland, Calif., is issuing municipal ID cards to anyone who can prove residency. It doubles as a debit card. Supporters say it will help residents who are poor, without a bank or undocumented. Immigration control advocates say the city is abetting illegal immigration.
Economists Predict 2 Percent Growth In 2013
The latest survey of economic forecasters by the National Association of Business Economics predicts a 2 percent growth this year. That's down from last year's 2.2 percent. The current budget battle in Congress is partly blamed for slowing the economy.
E.U. Governments Cautioned Against Cutting Tech Budgets
Europe's telecommunications industry is lagging, despite having some of the most successful companies serving some of the most connected populations in the world. The European Union's official in charge of the digital agenda says the bloc is making a huge mistake by not investing more in this sector — depriving itself of a source of income and jobs it can ill afford to ignore.
Insurance Industry Lab Creates Indoor Hailstorm
Hail causes about $1 billion in damage to U.S. property and crops each year. Insurers would like to minimize those losses. That's where the Insurance Institute for Business and Home Safety comes in. Earlier this month, the Institute created a full-scale hailstorm inside a laboratory. The idea is to study why the damage can be so bad.
Internet Providers To Crack Down On Pirates
If you download copyrighted material illegally, you might get a warning from your Internet service provider starting as soon as Monday. That's according to blogs covering file-sharing communities like Bit Torrent, where users share and download movies and music for free. The crackdown is led by big copyright holders like the Motion Picture Association of America.