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Mid-day Update

PODCAST: Where the federal government and drug cartels see eye to eye

Stacey Vanek Smith Aug 8, 2013
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Fast Eddy Aki'a of Hawaii smokes a joint as thousands gathered to celebrate the state's medicinal marijuana laws and collectively light up at 4:20 p.m. in Civic Center Park April 20, 2012 in Denver, Colorado. Marc Piscotty/Getty Images
Mid-day Update

PODCAST: Where the federal government and drug cartels see eye to eye

Stacey Vanek Smith Aug 8, 2013
Fast Eddy Aki'a of Hawaii smokes a joint as thousands gathered to celebrate the state's medicinal marijuana laws and collectively light up at 4:20 p.m. in Civic Center Park April 20, 2012 in Denver, Colorado. Marc Piscotty/Getty Images
HTML EMBED:
COPY

Good news on the unemployment front. Jobless claims are in for last week, and 333,000 people applied for unemployment benefits. In the last month, the number of jobless claims hit its lowest level since 2007. Diane Swonk, chief economist at Mesirow financial, explains what this means for the economic recovery.

Yahoo is introducing a new logo — only not right now. Each day for the next month, Yahoo will display one of the logos that didn’t make the cut. Then, on day 30, it’ll show us the new one that did.

Starting next year, residents of Colorado and Washington State will be able to buy marijuana legally without a prescription. The economic implications of that are big, and not everyone is happy about it — including the Mexican drug cartels, which make as much as half of their money from selling marijuana in the U.S.

 

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