Smoke billows near a home from the Black Forest Fire on June 12, 2013 north of Colorado Springs, Colorado (© Chris Schneider/Getty Images)
Western wildfires: Who pays?

These more frequent deadly disasters burden government budgets and could mean new fees for homeowners who live in harm's way.

LATEST POSTS

Critics accused the store of using its novelty items to promote substance abuse. Health experts say America's prescribing itself enough problems as it is.

By Jason Notte 12 hours ago
What's the only thing more appealing to a young demographic than a controversial product playing on adult vices and flustering parents and authority figures? One that uses two such vices to make a sale.


Urban Outfitters (URBN) told CNN that it plans to halt production of prescription-themed coffee mugs, booze flasks, shot glasses, syringe shot shooters and other products after receiving complaints from The Partnership at Drugfree.org, The American Association of Poison Control Centers and the attorneys general from 22 states and Guam.


Urban Outfitters responded that the products were just satire playing on the general and widespread acceptance of alcohol and caffeine, but critics read them as endorsements for abusing painkillers.

 

Most adults under 30 clamor for health insurance, according to a new survey. They're still iffy about the new mandate, though.

By Jason Notte 13 hours ago
Image: Reflections and Dreams © Uygar Ozel, Vetta, Getty ImagesYouth and perceived invincibility apparently had a falling-out after the recession.


Despite the National Review's claim that America's young people would sink the Affordable Care Act with their presumed immortality and belief that illness doesn't apply to them, it turns out that graying columnists aren't all that hip to what the kids are into these days.


A survey of 1,505 people conducted by the Henry J. Kaiser Family Foundation found that, among people aged 18 to 25, 77% said having health insurance was personally important to them and 76% said it was something they needed. A full 65% were worried about paying medical bills from an accident or illness, while 76% say insurance is worth the cost.

 

The billionaire cleans up on deals with real estate developers who want the cachet from his brand.

By Kim Peterson 14 hours ago
Credit: © Donna Ward/Getty Images
Caption: Donald Trump leaves 'The Late Show with David Letterman' at Ed Sullivan Theater on October 25, 2012Want to turn anything into a hit? Just add these five letters: T-R-U-M-P.

It's a winning formula, and Donald Trump has used it many times. "It's not even a question of ego," Trump told The Wall Street Journal. "It's just that my name makes everything more successful."

And that's exactly why Trump can get away with selling his name to real estate developers in Turkey, the Philippines and Brazil. This week, he's unveiling a hotel and condo tower in Vancouver, British Columbia, that will also have his name.

Trump is not building these facilities. Instead, he sells the developers the right to use his name for between $5 million and $10 million, the paper reports. Often, he also takes a cut of future sales or management deals at the property. 

'Fifi,' the last B-29 still aloft, is just 1 of nearly 160 old planes that members of the Commemorative Air Force keep going.

By Bruce Kennedy 14 hours ago

The engines of the B-29 bomber Think your hobbies are expensive? Try keeping up a vintage World War II bomber. Of the thousands of Boeing (BA) B-29 Superfortress aircraft that took part in the war, only one is still in flyable condition.


But "Fifi" is more than an expensive plaything. She makes up the backbone of a fleet of antique aircraft that tour the country as part of a nonprofit, educational association that relies heavily on volunteers and donations to keep flying.


That group, the Commemorative Air Force, was started in Texas in the 1950s by some ex-service pilots, who pooled their funds to buy a P-51 Mustang. (The group's original name, the Confederate Air Force, was changed in 2002.) Since those ragtag beginnings, the CAF has developed into one of largest private air forces in the world, with 156 aircraft in 27 states and about 9,000 members across the country.

 

The clothing chain's founder and well-known TV pitchman cites 'concerns' with the board over strategy. There must be more to it.

By Jonathan Berr 15 hours ago
File photo of George Zimmer, founder and executive chairman of The Men's Wearhouse Inc., on May 1, 2012 (© Patrick Fallon/Bloomberg via Getty Images)Shares of Men's Wearhouse (MW) traded down Wednesday after the specialty retailer abruptly fired founder George Zimmer, who had been the company's TV pitchman since 1985, and postponed its annual meeting, originally scheduled for today.

Though the men's clothier was mum on the specifics behind the ouster of Zimmer, who had been the company's executive chairman, he told CNBC that he has had concerns for months about the strategy the board has undertaken. Zimmer wasn't more specific.

"Instead of fostering the kind of dialogue in the boardroom that has in part contributed to our success, the board has inappropriately chosen to silence my concerns through termination as an executive officer," CNBC quotes Zimmer as saying. 

TrackingPoint's high-tech weapon is the talk of the shooting world. It's also facing criticism for being a little too effective.

By Kim Peterson 15 hours ago
Screenshot from Tracking Point's website of the XS1 Precision Guided Firearm (© TrackingPoint, Inc.)A new rifle hitting the market can fire shots across the equivalent of 10 football fields and has enough bells and whistles to turn just about anyone into an expert marksman within minutes.

Some of the first of these weapons, made by Texas company TrackingPoint, were being auctioned off this week for between $25,000 and $35,000, although the auctions had not attracted any bids by Wednesday.

How can one gun be worth that much money? For starters, it comes with a Wi-Fi server, USB ports and an Apple (AAPL) iPad Mini, according to VentureBeat.

Oh, and it also aims itself. The shooter tells the gun what to shoot, and the gun locks a laser on the target, John Koetsier writes. 

They're up in arms over 'The Simpsons: Tapped Out,' which has snarky comments about the NRA squirreled away in it.

By Aimee Picchi 16 hours ago

Screenshot from EA's Electronic Arts (EA) is finding out that making fun of the National Rifle Association is a surefire way to get the organization's supporters up in arms. 


EA's iPad and iPhone game "The Simpsons: Tapped Out" is based on the long-running Fox animated show, and it asks players to rebuild Springfield after Homer accidentally ruins the town by causing a meltdown at the power plant. 


While that's all standard fare, one of the game's top levels includes snarky commentary about the NRA that's prompting some gun-rights supporters to fire off angry complaints. 


EA apparently never thought people would play the game long enough to get to level 30, the Daily Mail reports. 

 

Martin Scorsese's new film about the notorious Jordon Belfort has the financial scamster in the spotlight once more.

By Jonathan Berr 18 hours ago
If the recently released trailer is any indication, Martin Scorsese's new film "The Wolf of Wall Street" may be Hollywood's most scathing look at the world of high finance since Oliver Stone's 1987 classic "Wall Street."

Starring Leonardo DiCaprio, the movie is based on a book by Jordan Belfort, who was convicted of swindling investors out of more than $100 million. It's being distributed by Viacom's (VIA) Paramount Studios and is slated for release in November. 

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MARKET UPDATE

[BRIEFING.COM] Equities ended on their lows with the S&P 500 down 1.4%.

The S&P entered today's session with a week-to-date gain of 1.5% as investors expected reassuring words from today's Federal Open Market Committee Statement.

Stocks traded with slim losses until this afternoon's FOMC Statement and subsequent comments from Chairman Bernanke sent equities and Treasuries to their lows while also providing a significant boost to the dollar.

Today's Statement was ... More

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