Vancouver, Canada, is laying claim to the most expensive hot dog in the world. Chef Dougie Luv of DougieDog Hot Dogs starts serving his $100 Dragon Dog Wednesday. The hot dog features a foot-long bratwurst which is infused with 100-year-old Louis XIII cognac. That cognac costs more than $2,000 a bottle.
President Obama gave his State of the Union address Tuesday night. The speech was one part blueprint for economic cooperation, and one part political warning shot — as Obama prepares for a tough re-election campaign.
The Federal Reserve will announce on Wednesday what officials expect to do with the rates it controls for next couple of years. The Fed will join central banks in Sweden, Norway and New Zealand in relaying information about expectations for short-term interest rates. Renee Montagne talks to David Wessel of The Wall Street Journal about why the Fed is doing this, and the impact it will have.
The text of President Obama's State of the Union address, as delivered:
Thank you. Thank you so much.
Mr. Speaker, Mr. Vice President, members of Congress, distinguished guests, and fellow Americans:
Last month, I went to Andrews Air Force Base and welcomed home some of our last troops to serve in Iraq. Together, we offered a final, proud salute to the colors under which more than a million of our fellow citizens fought — and several thousand gave their lives.
First came sexual-assault allegations against Jerry Sandusky, a former assistant football coach at Penn State. Then, molestation accusations against Bernie Fine, an assistant basketball coach at Syracuse. And now, new details about what led John Chadima, an associate athletic director at Wisconsin, to resign earlier this month.
When Waterbury, Vt., got walloped by the remnants of Hurricane Irene, the small town sustained an estimated $9 million in damages to personal property, and countless millions more in lost business revenue. Five months later, the waters have receded, but Waterbury's future remains uncertain.
On Main Street, a church bell still chimes every day, but daily life in Waterbury hasn't been the same since Irene.
"It's palpable," says Bill Shepeluk, Waterbury's municipal manager. "You can sense that it's not as vibrant as it was."
A problem with sanctions is they don't always work as intended.
If the U.S. and Europe don't buy Iran's oil, but other countries pick up the slack, for example, nothing is accomplished. Or if some Iranian oil is taken off the market but the price goes up, Iran could earn just as much from its oil even though it is selling less.
Kano, the largest city in Nigeria's Muslim north, is an ancient, sprawling city of more than 9 million. Last Friday, the Muslim day of prayers was shattered by a series of coordinated bomb blasts.
Just down the street from one of the main market areas in the city, the street remains blocked off from a police station hit in the attacks. The radical Islamist sect Boko Haram claimed responsibility.
Sagir Ali, a security guard at a parking lot at the market, says he watched as nearby government offices were attacked.
Hydraulic fracturing wells have been producing a tremendous amount of natural gas — far more than the current demand. Above, a Cabot Oil & Gas natural gas drill at a fracking site in South Montrose, Pa.
The practice of hydraulic fracturing — pumping fluid into underground rock to push up natural gas — has its detractors, especially among environmentalists. But it's becoming clear that whatever its drawbacks, "fracking," as it's called, is producing a lot of gas — maybe too much gas.
Fracking was once a small part of the natural gas industry, a technique to get hard-to-reach deposits in underground shale. Then the technology improved, and the dinner bell rang. Everybody wanted in. Now there's so much gas on the market that the price is at a 10-year low.
After former Penn State coach Joe Paterno's death was announced Sunday, fans paid their respects at a Paterno statue on campus. Paterno exerted a rare amount of control in his decades coaching football, says Frank Deford.
Now that Joe Paterno has passed on from Happy Valley, we must ponder whether we will ever see his like again.
But please: I am now, you understand, talking about Coach Paterno. Let us, for the moment, put aside how the old citizen whose credo was "Success With Honor" acted with regard to pedophilia: so without sensitivity, so irresponsibly, so –– ultimately –– cold-bloodedly. That will sully Paterno's memory forever.