Delays at U.S.-Mexico border crossings cost the U.S. economy $7.8 billion in 2011, as improvements have lagged behind traffic growth and the political focus has been on securing the rest of the border.
Wall Street banks collected $215.6 million that Denver’s public schools paid to unwind swaps and sell bonds since the district began borrowing to cut pension costs in 2008. That sum is about two-thirds of annual teaching expenses.
As every leading candidate has proudly noted, tomorrow’s parliamentary elections in Pakistan will mark the first civilian transfer of power in that country’s 66-year history. To ensure it’s not the last, the winner should turn to an unlikely ally: India.
A Federal Reserve panel of bankers warned policy makers in February that record stimulus was pushing financial institutions to take on more credit risk and creating a “bubble” in the price of U.S. farmland.
Two brothers suspected in the Boston Marathon bombings are prompting renewed debate about how the U.S. should prosecute cases of domestic terrorism and whether the incidents are tied to a broader threat.
Johns Hopkins University seeks to raise $4.5 billion to endow professorships and generate funds for undergraduate financial aid and graduate fellowships, the biggest effort in the institution’s history, the school said.
Alejandro Vega hiked five days through the Arizona desert and then toiled 10 years busing restaurant tables, building roads and cleaning manure out of horse corrals in the U.S. before his deportation in 2009.