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"The world is grateful for the heroes of Robben Island, who remind us that no shackles or cells can match the strength of the human spirit," the president wrote Sunday. He also unveiled a $7 billion "Power Africa" initiative, to bring electricity to the continent.

With the city's parking meter lease making voters leery of new privatization deals, Mayor Rahm Emanuel called for too many public interest protections in the Midway Airport lease, and too few investors saw it as worth the risk. Increasingly, though, governments turn to private investors to run public assets like roads and prisons.

HSBC says in a new report that GDP in the seven states most affected by the Arab Spring will be 35 percent lower at the end of 2014 than if there had been no Arab Spring. But the damage to those countries is more than to their GDPs alone.

Three American professors won this year's Nobel Memorial Prize in Economic Sciences for their studies on asset prices.

The White House announced Tuesday that President Obama will nominate Federal Reserve Vice Chairwoman Janet Yellen to chair the Federal Reserve Wednesday. She would replace Ben Bernanke, who's stepping down from the post. Yellen has been the presumptive nominee for weeks, after Lawrence Summers announced his intention to remove himself from the running in September. She'd be the first woman to head the Fed.

Homemade sodas are hot these days: Americans bought more than 1.2 million home carbonators last year. For the Fourth of July, we asked mixologist Gina Chersevani to help us tap into the trend with a soda float inspired by Independence Day.

It's not just homesteaders, hipsters and foodies getting into the hands-on pursuit. The butter-churning craze is part of a larger, do-it-yourself food movement that includes everything from canning, to making homemade bitters, a food writer says.

One day after Egypt's military deposed the nation's first democratically elected president, it began a crackdown on Mohammed Morsi's Islamist Muslim Brotherhood.

The agreement, which comes two months after a factory collapse that killed more than 1,000 workers, brings together several European retailers and labor unions. U.S. companies like Walmart and Gap are not part of the deal.

The leader of the notorious Zeta drug organization was apprehended Monday in an operation involving the Mexican military. The capture of Miguel Angel Trevino Morales, 40, took place on a country road less than 20 miles south of the Texas border.