Quiz of the week's news
VIDEO: Afghanistan's tank graveyards
New York City Hits A New Population Mark, Topping 8.3 Million
New York City's population is at an all-time high, with an estimated 8,336,697 people living in the city, according to the most recent U.S. Census Data. "For the first time since before 1950, more people are coming to New York City than leaving," said Mayor Bloomberg.
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Chelsea 3-1 Steaua Buch't (agg 3-2)
Trio wait on Europa League draw
ICE Now Admits It Released More Than 2,000 Illegal Immigrants Due To Budget
The Obama administration disputed an earlier report with those numbers. Republican lawmakers have called the releases "outrageous."
Scottish press regulation report due
Marco Rubio, Rand Paul Bring Charisma, Red Meat To Receptive CPAC
Coming off the 2012 election, many at the annual Conservative Political Action Conference are trying to figure out who can best return the party to White House power while upholding conservative principles. And Thursday, the young senators from Florida and Kentucky each made their case.
Jockey McNamara injured in fall
Detroit gets new financial manager
Fed approves most bank capital plans
Fans want 'bloodbath' win - North
Pork DNA found in halal school meat
Reuters Journalist Charged With 'Conspiring' With Anonymous
Matthew Keys is well known on Twitter for breaking news. Prosecutors allege he leaked the credentials to a Tribune Company server to members of the hacker collective Anonymous.
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2 Dead Indian Fishermen, 2 Accused Italian Marines, A Diplomatic Row
India wants the marines returned to stand trial. Italy is refusing to send them back. The Indian Supreme Court on Thursday ordered the Italian ambassador not to leave the country. Both countries claim they are on solid legal footing.
Detroit's emergency manager brings hope, fear
The city of Detroit has a very new -- and stark -- economic reality today.
A new face is in control of the city's finances, and it isn't an elected mayor.
Gov. Rick Snyder installed a emergency financial manager to guide the city out of it's deep financial hole.
His name is Kevyn Orr, and his background is as a bankruptcy lawyer. The role of the emergency financial manager was created in 1990, and was granted the powers of the mayor, plus more.
"So if he wants to go after labor contracts, he's able to go after labor contracts," said longtime Detroit journalist Micheline Maynard, now a contributor for forbes.com. "One thing I think a lot of people hope for is that the city streetlights will go back on, because there are big swaths of Detroit that are in the dark, literally."
It's a move that's not without controversy, and maybe a little hope, as well.
"There two schools of thought. Detroit's got this fledgling little recovery; there's been some new investment in the city. Everybody wants that to take flight," Maynard said. "Then there's another side that thinks this undemocratic -- that the people of Detroit don't have a voice in this, and that this goes against the rights of the citizens to decide who's going to run their city and who's going to fix their city."
Maynard said she's seen the city go through a lot to find a way to recovery.
"I think they can fix Detroit, but they have to actually do the work."
Is 'too big to fail' a permanent state?
Today is the fifth anniversary of the rescue of Bear Stearns by the Federal Reserve. The very moment, perhaps, when "too big to fail" became a standard part of our economic lexicon.
To commemorate the five-year anniversary, Richard Fisher, president of the Federal Reserve Bank of Dallas, will speak at the big political conference going on this week, the Conservative Political Action Committee, or CPAC, where he's going to say we ought to break up the big banks. That they are still "too big to fail."
"The banks only got bigger following the financial crisis," said John Carney from CNBC. "Regulators and their bosses on Capitol Hill, the congressmen and senators,are mostly mentally-captured by the big banks. They just think that this is the way things have to be."
Carney thinks Fisher will get a warm welcome at CPAC this weekend.
"This really seems to be something that bridges the political spectrum where you have people on the left saying we should do something and people on the right," said Carney.




