If you have a mortgage on your home, you can deduct the interest from your taxes. It's a popular, well-entrenched policy. But according to one policy adviser to a U.S. senator, "the mortgage-interest deduction, from a purely policy perspective ... makes no sense."
When Mexicans go to the polls on July 1 to choose their next president, a woman will be among the candidates, the first from a major political party. She belongs to the National Action Party — or PAN — the party of current President Felipe Calderon.
On a recent visit to the Mexican border city of Juarez, Josefina Vazquez Mota steps onto a catwalk that juts into the center of a long banquet hall crammed with table after table of women. When she speaks, they cheer.
They don't have a plan to save the euro or draw down the war in Afghanistan, nor do they have clear policies on an array of issues, but the German Pirate Party is winning converts and elections with its vision of digital democracy through "liquid feedback."
Despite public relations mishaps and a haphazard organizational structure, the Pirate Party is shaking up the stolid, bureaucratic world of German politics and jolting rival parties with its rising popularity.
And our last word in business this morning is: Jubilation.
Hundreds of thousands of Britons gathered outside Buckingham Palace last night for the Diamond Jubilee concert, celebrating the queen's 60-year reign. The evening offered a break from Britain's bad economic news and another opportunity to rebrand positively the Royal Family.
Republican Gov. Scott Walker faces Milwaukee Mayor Tom Barrett in a recall election Tuesday that has attracted a lot of outside money. The attempt to remove Walker came after he successfully pushed to limit collective bargaining rights for public sector unions.