This week, the U.S. Census Bureau announced that in the first quarter of 2012, the American homeownership rate hit its lowest level in 15 years. During the housing boom, millions more Americans bought homes, bumping the rate to nearly 70 percent. Now, that buying spree has been replaced with millions of foreclosures, and most of those gains have been lost.
Europe's economic crisis has been driving leaders from power, one after another. Among those toppled was George Papandreou, who stepped down as the prime minister of Greece last November, just two years into his government's four-year term.
Richard Grenell, a long time Republican hired by Mitt Romney's campaign as a foreign policy spokesman, resigned today. Grenell's hiring made news less than two weeks ago, because Grenell is openly gay.
On the one-year anniversary of the killing of Osama bin Laden by U.S. Navy SEALs, there were two contrasting scenes to consider.
One was of President Obama in Afghanistan on a surprise visit, speaking to U.S. troops as their commander in chief in the nation whence the SEALs departed for their successful raid into Abbottabad in neighboring Pakistan.
News Corp. executives Rupert and James Murdoch can give a small sigh of relief, perhaps, that U.K. lawmakers investigating the tabloid hacking and bribery scandal did not conclude they misled Parliament in earlier testimony.
But that may be just about the only relief the Murdochs receive.
The scathing report accuses the company and several of its former top British executives of lying to Parliament and of seeking to cover up widespread phone hacking, computer hacking and bribing of government employees.
This week's cover of the New Yorker magazine is a witty drawing by artist Chris Ware of a playground full of young children and their watchful parents. One woman wheels her son in a stroller, only to see that all the other parents are men. The image is called "Mother's Day."
But for all the memorable New Yorker covers out there, an equally large number of covers didn't make it to the newsstand. They were not quite on the money — or were sometimes a little too coarsely on the money.
The latest skirmish in the so-called war on women has to do with, of all things, interest rates on student loans. More specifically, the effort by House Republicans to offset the cost of a federal student loan bill by cutting funding from a $15 billion preventive health fund included in the 2010 Affordable Care Act.
A suicide bomber killed seven people, including three Somali lawmakers in Dusamareb today. Reuters reports that al Shabaab — the Islamic militant group — took responsibility.
"While suicide bombers sent by al Shabaab militants have struck government targets and African Union troops in the capital Mogadishu often in recent years, such attacks are rare in central Galgadud region.
In a remote part of Afghanistan early last year, a girl was sentenced to death. Her crime was possession of a cellphone. Her executioners were to be her brothers. They suspected her of talking on the phone with a boy. The girl, in her late teens, had dishonored the family, her brothers said.
"My older brother took the cellphone from me and beat me very badly. It was dinnertime. They told me that they would execute me after dinner. They said to me this would be my last meal," says "Lina," a pseudonym.
Enron, Worldcom, Bernie Madoff, the subprime mortgage crisis.
Over the past decade or so, news stories about unethical behavior have been a regular feature on TV, a long, discouraging parade of misdeeds marching across our screens. And in the face of these scandals, psychologists and economists have been slowly reworking how they think about the cause of unethical behavior.
In general, when we think about bad behavior, we think about it being tied to character: Bad people do bad things. But that model, researchers say, is profoundly inadequate.