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On Thursday, a bid to extend the payroll tax cut failed in the Senate, and Republicans blocked the president's nominee to head a new financial watchdog agency. But the White House is still convinced President Obama is winning the broader political argument.

The public relations problem for private equity capitalists at firms such as Bain, KKR and Blackstone is that they are the agents of the creative-destruction part of capitalism. They aim to take over underperforming firms and operate them more efficiently. In that process, people do lose their jobs.

Joseph Guillotin, Henry Shrapnel and Jules Leotard became immortal — by entering the English language. But when your entire life is reduced to a single definition, the results are sometimes upsetting.

In Afghanistan, ethnic political parties are carving up the government and military in anticipation of renewed factional fighting after Western forces leave the country. Tajik and Pashtun groups, in particular, are placing party faithful in key posts.

In a rare hearing with the Senate Judiciary Committee, Justices Antonin Scalia and Stephen Breyer discussed the role of judges under the Constitution. Among the revelations: Scalia considers himself out of touch with modern American values and Breyer likes to top off debates with a joke.

Murfie will burn your old discs to a digital file, recycle the cases and even resell the album online. It's part eBay, part iTunes, the company says.

The most elite club in the military, the Joint Chiefs of Staff, is set to get a new member: the chief of the National Guard. Congress approved the change as part of the defense authorization bill last week and the president is expected to sign the bill into law.

Singer-songwriter Carole King started young: She was just 15 when she founded a doo-wop group with her classmates. The act never took off, but King eventually became one of the biggest-selling artists of all time. She tells the story of her career so far in a new memoir, A Natural Woman.

The general election campaign between President Obama and presumptive GOP nominee Mitt Romney is heating up. In Florida Tuesday, Obama highlighted what Democrats consider a major vulnerability for Romney — the relatively low taxes he's paid on a multimillion dollar income.

It's known as the quiet period — the SEC-mandated time before an initial public offering when a company's top officials have to avoid anything close to hype. And with Facebook's IPO expected next week, CEO Mark Zuckerberg and his colleagues are pretty much staying mum.