Originally published on Thu October 17, 2013 12:50 pm
With the double crises of a partial government shutdown and a potential debt default resolved, it's a good time to consider some of the lessons we learned from the dysfunction and drama of recent weeks.
Here are 10 of them:
Shutting Down The Government Is Not A Winning Political Strategy
Originally published on Thu October 17, 2013 3:06 pm
The government shutdown has taken a toll on the nation's economy and despite a deal that sidesteps a debt default and restarts the government (at least for a few months), growth forecasts for the last quarter of the year are being scaled back.
Economist Mark Zandi of Moody's Analytics has shaved his gross domestic product forecast from a 2.6 percent annualized rate to 2.1 percent for the last three months of the calendar year.
Originally published on Thu October 17, 2013 1:10 pm
The crash of a turboprop in southern Laos that killed all 49 people aboard was caused by a violent storm that prompted the pilot to miss a runway and careen into the Mekong River, authorities say.
"Upon preparing to land at Pakse Airport the aircraft ran into extreme bad weather conditions and was reportedly crashed into the Mekong River," the Laos Ministry of Public Works and Transport said in a statement.