Pam Renshaw had just crashed her four-wheeler into a bonfire in rural Folkston, Georgia, and her skin was getting seared in the flames. Her boyfriend, Billy Chavis, pulled her away and struggled to dial 911 before driving her to the nearest place he could think of for medical attention: an ambulance station more than 20 miles away.
Talk about home field advantage. As Cisco Systems' $2.7 billion acquisition of Maryland-based Sourcefire shows, it pays to be located on American soil, especially when it comes to buying a U.S. security company.
Half of Americans say Republicans should stop demanding that President Barack Obama’s health-care plan be defunded as part of legislation to keep the government running even as they voice concern about the law’s impact.
Bloomberg's Julianna Goldman looks at the impact of shrinking government jobs on the overall unemployment rate. Just 9% of the population worked for the government in July as public payrolls have been cut 640, 000 since the end of the recession. Economists say the jobless rate would be 7.1 percent if the share of the population working for the government from 2001-2007 were still in their jobs. (Source: Bloomberg)
The Congressional supercommittee, charged with cutting federal debt by at least $1.2 trillion over the next decade, is deadlocked. Democrats and Republicans can’t agree on whose ox to gore. Both sides need a painless deficit- reduction plan.