More than 3,100 companies flocked to the Consumer Electronics Show this year to hawk their wares. The show's host, the consumer Electronic Association, estimates roughly 20,000 products were launched at the show this year. And chances are good that many – maybe even most — will fail.
The show will close its doors Friday and there are lots of little companies and entrepreneurs packing up that may not make it back next year. Still, their hustle is infectious. And with luck, a few startups launched here this year could go on to become huge.
For almost 70 years, New York City has been home to two opera companies: the well-heeled Metropolitan Opera and its scrappy younger sibling, the New York City Opera. But City Opera has fallen on hard times, and a bitter labor dispute might mean curtains for this beloved institution.
The northern Afghan town of Char Bolak is guarded by the Critical Infrastructure Police, an auxiliary police program. The U.S. is increasingly relying on ad hoc local militias to fight the Taliban, but residents and government officials have concerns about the militias.
NATO officials say they have reversed a disturbing trend in northern Afghanistan.
In 2009 and 2010, Taliban insurgents made inroads across the north of the country, which had been secure for years. NATO says that last year it brought the north back under control, but Afghan officials say it's thanks to one of the most controversial American tactics here: the use of ad hoc local militias.
Nathan Hoskins knew from an early age that he was gay. But when he was growing up in rural Kentucky, his mother took extreme steps to convince him otherwise.
"When I was in sixth grade, I had met a good friend and he wasn't interested in girls," Hoskins, who's now 33, tells his friend Sally Evans. "One day, he said, 'I have a Valentine's Day card for you.'"
"I asked him for it, and he said it was so special that he mailed it," he says. "And he didn't know he'd done a very terrible thing because at my house only one person got the mail — and that was my mother."
Was Mitt Romney a job-creating turnaround artist? Or was he, as some on the campaign trail have said, a "vulture capitalist"? That question has become a top issue in the Republican presidential primaries.
In the 1980s, Romney ran a private equity firm called Bain Capital. It's an industry where it's hard to avoid getting your hands dirty.
Traders work on the floor of the New York Stock Exchange in December. In the past year, banks in New York and around the country have announced tens of thousands of job cuts, as there isn't the same need for some financial services as before.
It's hard to tell if the Occupy Wall Street protests had much impact on banks, but banks are doing some de-Occupying within their own ranks. It wasn't as bad as the massive layoffs following the 2008 meltdown, but last year was painful for Wall Street. Bank of America, Citigroup, Goldman, Morgan Stanley — almost all the big banks — announced big layoffs, totaling more than 60,000 employees.