In a moved that had been expected, Kodak filed for Chapter 11 bankruptcy protection on Thursday. It raises the specter that the 132-year-old trailblazer could become the most storied casualty of a digital age that has whipped up a maelstrom of economic, social and technological change.
As the Mayor's Conference takes place in Washington D.C., city governments are dealing with severe problems at home — from high unemployment to funding cuts. Steve Inskeep talks to Mick Cornett, the Mayor of Oklahoma City, about how his city has managed to avoid some of these problems.
A candidate forum was held in Greenville, S.C., Wednesday night, sponsored by the anti-abortion rights group Personhood USA. Participating in the event were Newt Gingrich, Rick Santorum, Ron Paul, and Rick Perry. Front-runner Mitt Romney did not attend. South Carolina holds its primary on Saturday.
When the Washington Monument was damaged after an earthquake last summer, Congress committed $7.5 million to fix it but expected the public to pay the other $7.5 million. It turns out the public will be just one person. The Washington Post reports billionaire David Rubenstein will make the $7.5 million donation Thursday.
President Obama rejected an application to build the 1,700 mile Keystone XL pipeline from Canada to the U.S. Gulf Coast on Wednesday. He blamed congressional Republicans, who had set a 60-day deadline for his administration to complete its review of the project.
Just minutes after Obama issued a statement denying the permit, Republican members of Congress lined up before cameras.
"I'm deeply, deeply disappointed that our president decided to put his politics above the nation," said Rep. Lee Terry of Nebraska.