There's a boom in natural gas production in the United States, a boom so big the market is having trouble absorbing it all.
The unusually warm weather this winter is one reason for the excess, since it reduced the need for people to burn gas to heat their homes. A bigger reason, however, is the huge increase in gas production made possible by new methods of coaxing gas out of shale rock formations.
This week, NATO Cabinet ministers, including U.S. Defense Secretary Leon Panetta, will try to tackle the problem of Afghan security. The basic plan for bringing American troops home from Afghanistan is to let Afghan security forces fight for their own country. But there's a hitch — finding a way to pay for the Afghan army.
The Great Recession slammed into all age groups, flattening the career dreams of young people and squeezing the retirement accounts of middle-aged savers. It financially crippled many elderly people who had thought they could stand on their own.
Originally published on Mon April 16, 2012 4:45 pm
As we've reminded everyone, April 17 (Tuesday) is the deadline for filing federal income tax returns. It's also the deadline for filing income tax returns in most states. Our friend Alan Greenblatt tells about something he finds surprising:
The man driving the investigation into the General Services Administration, California Republican Rep. Darrell Issa, took the top seat on the House Oversight and Government Reform Committee after the GOP won a majority in 2010.
Issa has led several splashy investigations since. But he's also been dogged by allegations of his own.
Issa has made news in recent months by threatening to subpoena Attorney General Eric Holder, and by calling a panel of only men to talk about women's contraception.
For those who will be in the Washington, D.C., area Tuesday morning and would like to see space shuttle Discovery on the "fly-in" to its retirement home outside the nation's capital, the Smithsonian National Air & Space Museum recommends being in one of these seven "great locations" before 10 a.m. ET: