Nasdaq hit by three hour trading glitch on Wall Street
A three hour Nasdaq outage disrupted trading on a quiet summer day, halting price dissemination and prompting questions about electronic market systems. Nasdaq OMX dropped 3.4 percent, while officials monitor the disruption and traders weigh the impact of technology on liquidity and reliability.
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Fed chief race heats up over Yellen Summers clash
In Jackson Hole discussions the contest to succeed Ben Bernanke as Fed chair heats up amid public spats and elite support for Janet Yellen or Larry Summers. The debate highlights gender and governance issues as Summers gains Obama backing and Yellen faces scrutiny of gravitas.
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San Diego mayor in limbo over sexual harassment deals
A tentative settlement between city officials and Mayor Bob Filner stalled as the attorney suing him, Irene McCormack Jackson, says she is not part of the talks. Gloria Allred criticized potential city payments for Filner’s legal fees, warning against a taxpayer funded payoff. Council members demand Filner quit, with recall looming amid ongoing harassment allegations from multiple women.
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Poll shows half of Americans doubt progress on racial equality
The Pew Research Center finds fewer than half of Americans believe substantial progress toward racial equality has occurred in 50 years. Blacks report greater discrimination and lag in income and wealth, while whites and Hispanics show mixed views amid a mixed progress picture since the 1960s civil rights era.
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