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| Mon, 8 May 2006 16:00:00 EST In New Orleans, a federal push to bring back business |
| Hurricane Katrina left New Orleans with shortages of everything from housing and jobs to schools and hospitals. Just as debilitating has been the lack of good news. Slowly, that seems to be changing. According to the Brookings Institution's Katrina Index, building permits in New Orleans have skyrocketed since March. The unemployment rate is at a staggeringly low 4.3 percent. And the pre-storm population of 450,000 people has rebounded to nearly 200,000. While the ravaged city still struggles to regain its footing, more good news arrived last week in the form of U.S. Commerce Secretary Carlos Gutierrez, who led an investment mission of 32 U.S. companies to the Gulf Coast. Historically reserved for foreign markets, the investment mission was the first of its kind on American soil. Before departing, Gutierrez spoke to U.S. News about the challenges facing the Gulf Coast economy. Excerpts: |
| Mon, 8 May 2006 10:00:00 EST Test Track: 2006 Toyota RAV4 |
| The Junior SUV in Toyota's lineup has grown up. Quite handsomely. |
| Mon, 8 May 2006 10:00:00 EST A study of Enron before the fall |
| With Enron's top executives, Kenneth Lay and Jeffrey Skilling, on trial for conspiracy and fraud–and a third, Andrew Fastow, testifying against them–the nightmare of the biggest bankruptcy in history is back. So are the questions that have dogged business experts since Enron's collapse: What really happened at the energy giant, and what can be learned from its demise? In a popular case study of the company, Robert Bruner, dean of the Darden Graduate School of Business Administration at the University of Virginia, and his coauthor, Samuel Bodily, a professor of business administration, have tried to provide a few answers– arguing, surprisingly, for a longer view of Enron's rise and fall. Bruner spoke with Senior Editor Justin Ewers: |
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| last updated: Tue, 09 May 2006 04:07:01 GMT |
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| Tue, 09 May 2006 00:33:02 EDT Detective slain in shootout |
| A female detective has died of wounds sustained Monday in a shootout in a police station parking lot. The woman, whose name has not been made public, was a nine-year veteran of the police department in Fairfax County, Virginia, said Chief David Rohrer. A second officer was critically injured, he said. The suspected gunman also died. |
| Mon, 08 May 2006 19:43:54 EDT Sources: CIA's No. 3 quitting |
| The third-highest official at the CIA, under investigation over ties to a defense contractor linked to a Capitol Hill bribery inquiry, has decided to step down, intelligence sources told CNN Monday. Kyle "Dusty" Foggo was plucked from relative obscurity by CIA Director Porter Goss -- who announced he was resigning last Friday -- to become the CIA's executive director in charge of day-to-day operations at the spy agency. |
| Mon, 08 May 2006 22:37:06 EDT Rescued miners smiling on the surface |
| Rescuers have saved two Australian gold miners who were trapped underground for two weeks. Todd Russell, 35, and Brant Webb, 37, were trapped in a steel cage when a small earthquake triggered a rock fall in the Tasmanian gold mine where they were working. A crowd of locals applauded as one miner was driven from the scene in an ambulance. |
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