WASHINGTON (AP) - U.S. sales of previously occupied homes dipped in December from November, in part because of a limited supply of available homes. But for all of 2012, sales rose to their highest level in five years.
LONDON (AP) - Hopes that U.S. politicians will be able to reach a deal on raising the government's debt limit, avoiding the risk of a disastrous default, supported global markets on Monday, when Wall Street will remain closed for a holiday.
NEW YORK (AP) - Video game maker Atari's U.S. operations have filed for Chapter 11 bankruptcy protection in an effort to separate from their French parent company, which is filing a similar motion separately in France.
MCDONALD'S SETTLES MICH. SUIT OVER ISLAMIC DIET: DEARBORN, Mich. (AP) - McDonald's and one of its franchise owners agreed to pay $700,000 to members of the Muslim community to settle allegations a Detroit-area restaurant falsely advertised its food as being prepared according to Islamic dietary law.
If I had the space, I probably could write a column called "The One Thousand Most Common Misconceptions About Social Security." I see examples of them almost every day in the emails I get from my readers. Alas, I'll barely have room to cover the top ten. This week, I'll stick to the program side of Social Security. Next week, I'll go over some of the most common policy and political misunderstandings.
MONTPELIER, Vt. (AP) - Carpooling, higher fuel economy, hybrids and electric cars may be good for the environment, but they're bad for government transportation funding, which relies on gasoline and diesel taxes to help pay for the building and upkeep of roads and bridges.
WILMINGTON, Del. (AP) - A hearing on whether to approve the bankruptcy sale of assets of electronics retailer RadioShack opened Thursday with the company seeking court approval of the purported winning bid, and an attorney for a losing bidder describing the auction as a sham and asking a Delaware judge to reopen the sale process.