On its first day as a public company in May, Facebook's stock traded for more than $40 a share. On Thursday, investors could pick up a share for less than $20. Facebook has lost nearly half its value during its first few weeks on the Nasdaq. Institutional investors such as Fidelity are selling their stake. Facebook executives are now desperate to change the conversation about the company.
A landmark federal law used to block the adoption of state voter identification cards and other election rules now faces unprecedented legal challenges.
A record five federal lawsuits filed this year challenge the constitutionality of a key provision in the Voting Rights Act. The 1965 statute prevents many state and local governments from enacting new voter ID requirements, redistricting plans and similar proposals on grounds that the changes would disenfranchise minorities.
It was a controversial hearing to begin with. This morning, a House subcommittee was looking into a bill that would make English the official language of the United States and require that government functions like naturalization ceremonies be conducted in English.
Democratic Rep. John Conyers of Michigan was not a fan, so he decided to deliver his opening statement in Spanish.
First he thanked the chairman, then he proceeded to assail the measure.
A few days ago, I found myself sitting in a room full of cross-legged yogis with my sweaty hands resting on the sweaty knees of the people beside me, bellowing a mantra in unison over and over again. What united us at that yoga studio was empathy for yoga instructor Michael Joel Hall, who was savagely beaten as he walked home earlier that week with his boyfriend.
There were hopes that the new rulers of South Sudan might somehow break the African mold of big men lining their pockets with big money. But the trend in Juba, the capital, is alarming. The infant nation of South Sudan is barely a year old, and it's already engulfed in scandals over top officials allegedly looting the treasury.
Many South Sudanese citizens are outraged by the conduct of their new leaders, former guerrilla commanders who fought many years for independence.
U.S. employment is stalled, growth is anemic, and the Federal Reserve has decided not to take action for at least another month.
Most economists weren't expecting the Federal Open Markets Committee, which sets the Fed's monetary policy, to announce another round of quantitative easing — a fancy term that basically means the central bank buys bonds to increase the money supply and make borrowing cheaper — at this week's meeting. Still, that's exactly what a number of them think is needed.
American gymnast Gabby Douglas has won her second Olympic gold medal of the London Summer Games, winning the individual all-around event to match her performance anchoring the U.S. team's first-place performance earlier this week.
Douglas scored 15.500 or higher in her first three rotations, with an emphatic 15.966 on her vault. Her final score was 62.232.
This month we are collecting your stories about the good things Americans are doing to make their community a better place. Some of your contributions will become blog posts and the project will end with a story that weaves together submissions to make a story of Americans by Americans for Americans.
Near their headquarters in a converted WWII naval building, EarthCorps members — brought in from all over the world — do morning yoga before departing to restore parks and creeks in and around Seattle.