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It's All Politics
3:28 am
Sat January 5, 2013

As The Capitol Turns: Little Has Changed In Congress' New Season

House Speaker John Boehner swears in the newly elected members of the 113th Congress on Thursday.
Mark Wilson Getty Images

Originally published on Sat January 5, 2013 7:59 am

This week saw both a frantic finale to the much-unloved 112th Congress and, hours later, the swearing in of the new 113th. The cast of lawmakers and their leaders is mostly unchanged. The same can be said for Capitol Hill's never-ending drama over taxes, deficits and spending.

What was arguably this week's most sensational congressional moment did not even take place in Washington. On Wednesday in Trenton, N.J., Republican Gov. Chris Christie blasted the GOP-led House for closing down the last Congress without even considering a Superstorm Sandy disaster relief bill.

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World
3:28 am
Sat January 5, 2013

Germany's Housing Market Is Hot. Is It Overheating?

Berlin's Prenzlauer Berg neighborhood, like many others across the city, is experiencing a real estate boom. Housing prices have risen by as much as 20 percent in the past year in some German cities.
Adam Berry Getty Images

Originally published on Sat January 5, 2013 7:59 am

Few Western countries are as conservative about home ownership as Germany, where less than half the country's citizens own property.

German banks have tough lending rules. Would-be buyers are usually asked to provide hefty down payments to secure mortgages, meaning few Germans even think about buying a home until they are settled and financially secure.

But the European debt crisis appears to be changing the traditions around home ownership. The resulting surge in homebuying, some officials warn, is driving prices too high and threatens the nation's economy.

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Economy
3:27 am
Sat January 5, 2013

Long-Term Unemployed Seem To Be Staying That Way

Alecia Warthen, 43, has been unemployed since April. She says she's applied for more than 100 jobs and has received only four interviews and no offers.
Ailsa Chang NPR

Originally published on Sat January 5, 2013 10:42 am

The latest figures show December was another month of steady, moderate job growth. But for many people still struggling with long-term unemployment, the situation hasn't actually changed much at all.

For Alecia Warthen, the last eight months have been painfully stagnant.

She was the first person in her family to finish college, after growing up in one of the roughest sections of Brooklyn. She had earned an accounting degree and worked as a bookkeeper for most of the last decade.

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U.S.
3:26 am
Sat January 5, 2013

Illinois Claws At Mountain Of Unfunded Pension Liability

Illinois union members and supporters rally at the state Capitol on Thursday against legislation that would try to control the state's pension-fund shortfall by, in part, reducing pension benefits.
Seth Perlman AP

Originally published on Sat January 5, 2013 11:45 am

Illinois' pension-fund shortfall is by far the largest in the nation, and the clock is ticking for the state's governor and lawmakers to tackle the problem before a new Legislature is sworn in next week. So far, their proposals have stoked frustration from state employees and retirees.

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The Two-Way
3:21 am
Sat January 5, 2013

Big Quake Off Southern Alaska Coast Causes Tsunami

Originally published on Sat January 5, 2013 12:12 pm

An earthquake with a magnitude of 7.5 hit off the coast of southeastern Alaska just before midnight local time Friday, according to the U.S. Geological Survey. The USGS initially reported the event as a magnitude 7.7 quake.

The National Oceanic and Atmospheric Administration says sea level readings indicate the quake caused a tsunami. "It may have been destructive along coasts near the earthquake epicenter," a NOAA report said.

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