New York has its first million dollar parking spot. The 12 by 23 foot space in lower Manhattan's East Village comes with its own deed and maintenance fees just like the luxury condo it's attached to. The New York Post calculates the investment this way: It's the same as paying $115 parking ticket every day for the next 24 years.
A giant of American business goes on trial in New York today. Rajat Gupta is accused of insider trading. He's the one-time chief executive of the consulting firm McKinsey and Company and a former board member of Goldman Sachs.
Prosecutors allege he passed on information about Goldman to billionaire Raj Rajaratnam, who's already in prison for insider trading.
NPR's Jim Zarroli is covering this story from New York. Hi, Jim.
Ron Paul is not going to be the Republican nominee for president in 2012. You know it, I know it, everyone knows it. Even Ron Paul knows it. His acknowledgement that Mitt Romney will be the nominee is just stating the obvious.
But what exactly did he mean when he said last week that he will "no longer spend resources campaigning in primaries in states that have not voted"? Was he telling us that he was dropping out of the race?