The action by China's central bank widens the range at which the currency can be traded on the international market. The move is seen as seen a step toward addressing foreign complaints that China was suppressing the value of its money to boost Chinese exports, and hurt foreign imports.
It's in a ritzy section of town, so the company is hoping to appeal to high end customers with a retro farmhouse style decor. This includes Ottomans covered in vinyl cowhide fabric and the front of a 1960s van mounted on the wall.
The tornado season started early in much of the nation and continued over the weekend. Spotters reported more than 120 tornadoes on Saturday. One killed five people in Woodward, Oklahoma. Others ripped into homes and businesses in Iowa and Kansas. And that includes the heart of the economy in Wichita, the aviation industry. Here's Frank Morris from member station KCUR.
The housing market has a new frontier — turning foreclosed homes into rental properties. Some big-time investors are starting to buy up thousands of homes to turn into rentals. That might help shore up home prices. But some housing advocates are nervous.
For decades, most single-family homes available for rent have been owned by mom-and-pop landlords. Sometimes it's the nice old guy up the street who owns a couple of rental homes, and some even offer advice on the Internet.
That's a matter of fierce debate among Christians — with conservatives promoting a small-government Jesus and liberals seeing Jesus as an advocate for the poor.
After the House passed its budget last month, liberal religious leaders said the Republican plan, which lowered taxes and cut services to the poor, was an affront to the Gospel — and particularly Jesus' command to care for the poor.
Former Major League Baseball pitcher Roger Clemens stops to sign a baseball as he leaves the federal courthouse in Washington, D.C., on July 14, 2011, after a judge declared a mistrial in his perjury trial.
Baseball star Roger Clemens goes on trial for a second time Monday on charges that he lied to a congressional committee about using steroids and human growth hormone. His trial on perjury and obstruction charges last summer ended abruptly when prosecutors mistakenly showed the jury evidence that the judge had ruled inadmissible.
Clemens won a record seven Cy Young awards during his storied pitching career, but prosecutors contend that he used steroids and human growth hormone to prolong that career.
Last year, the number of homeless U.S. veterans on a given night dropped 12 percent from the year before. But tens of thousands were still on the streets, and more could be joining them as troops return from Afghanistan and Iraq. President Obama has vowed to end veterans' homelessness by 2015.
Homeless No More
James Brown left the Army in 1979. And for most of the next 32 years, he lived on the streets in and around Los Angeles. You might have seen him: the dirty, disheveled guy trying to keep warm in a cardboard box.