Every spring, high school students descend on the headquarters of the New York Federal Reserve, a few blocks from Wall Street in downtown Manhattan. They compete to see who does the best impression of a central banker.
The High School Fed Challenge is a big deal. Schools like Montclair High in Montclair, New Jersey have multiple rounds of tryouts just to get on the team. Then they practice for months.
Dennis McLaughlin interviewed his mom, Theresa, to thank her for how she raised him. Born in 1948 with spina bifida, he was missing several vertebrae and was unable to use his legs. Theresa was a single mom, working in a paper mill near Portland, Maine.
"When you were 1 year old, your grandfather McLaughlin built you a little wheelchair," Theresa says, "built it out of wood that he had and wheels from a tricycle, and you got around in that very, very well."
Let others get distracted by the news the day before that President Obama now personally supports gay marriage. Mitt Romney and Speaker John Boehner said Thursday they intended to stay on message and keep hitting the president in what they view as his Achilles heel — the economy.
Being that it's also the issue voters have in repeated polls said is most important to them, it was hard to argue with their decision.
The fallout from the hazing scandal at Florida A&M University continued today: First there was news that after 40 years, the band director was stepping down and then there was news that Florida's top university official asked the university to keep the Marching 100 band off the field.
President Obama is attending a fundraiser at the home of actor George Clooney in Studio City, Calif., on Thursday evening, along with about 150 guests. Almost anyone can attend, if they pony up $40,000.
But for a few sweepstakes winners, the price of admission is about $3. It's the latest innovation in political fundraising.
Marketing-wise, there's nothing more old school than a sweepstakes.
Spain nationalized its largest real estate lender Wednesday night and plans to announce an overhaul of the country's entire banking system Friday.
The country is scrambling to prevent its troubled banks — weighed down by property debts — from sabotaging the whole economy. The Spanish government has only to look northward to Ireland to see what could happen if it fails.
"The undercover operation was being directed by British intelligence with help from other international intelligence agencies," Dina tells us. "The British had put some pressure on the Obama administration not to reveal their role in the secret mission."