India's electric system is under constant stress and blackouts are common. Elliot Hannon was on the streets of New Delhi when power went out Tuesday, but he didn't realize there was an outage until later.
Credit Bikas Das / AP
During the blackout on Tuesday, an Indian barber cut hair by candlelight in his shop in Kolkata.
Credit Prakash Singh / AFP/Getty Images
The traffic in New Delhi's Connaught Place was even worse than usual after the power went out Tuesday. But most Indians viewed the blackout as just one more inconvenience rather than a major crisis.
Decorated fencer Mariel Zagunis, who carried the U.S. flag into Olympic Stadium as part of the London 2012 opening ceremony, lost in the bronze medal match in the sabre Wednesday afternoon, falling to Olga Kharlan of Ukraine, 15-10.
The loss means that Zagunis, 27, will leave London without a medal — there is no team sabre medal at this year's Olympics (we'll post more about that situation soon).
U.S. gymnast Danell Leyva has won the bronze medal in the men's all-around competition in London. The gold was taken by Japanese star Kohei Uchimura, while the silver medal went to Marcel Nguyen of Germany.
With a final score of 92.690, Uchimura was nearly 2 points ahead of Leyva, at 90.698. And with his win, Uchimura vanquished the disappointments of his 2008 Beijing, when his struggles on the pommel horse cost him a gold medal.
Originally published on Wed August 1, 2012 4:00 pm
While it does indeed appear that "economic activity decelerated somewhat over the first half of this year," the Federal Reserve also said in its policy statement this afternoon that it is not — as of yet — taking any news steps to give the economy a boost.
That rather ominous sounding pronouncement comes from Joseph Saluzzi, co-head of equity trading at Themis Trading LLC in Chatham, N.J., in a Bloomberg News report about what happened early this morning on Wall Street.
For the first time ever, the United States Postal Service has defaulted on a payment to the Treasury.
The USPS warned of a default in a statement on Monday. It it would not make the $5.5 billion payment due today and that it would also default on a $5.6 billion payment due Sept. 30. Both of those payments are federally mandated and go toward prefunding retiree health benefits.