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It's a shocking statistic about global inequality that's made worldwide headlines. But some economists don't think it tells the whole story.

In a business where effects-laden movies bring in hundreds of millions of dollars, many of the studios that create those effects are barely staying afloat.

After inventor Mike Williams lost his business and his marriage, he ended up homeless. Then he found himself in the hospital after he was attacked and beaten in a California park. Dr. Jong Chen helped Williams back to health and back on his feet. Now they're working together on another invention.

Almost three months after Superstorm Sandy, parts of lower Manhattan are limping along to recovery. More than 20 large buildings are without power, and many businesses remain closed and boarded up. Even businesses that are open are struggling without the old foot traffic.

The share of the American work force that belongs to a labor union has hit a 97 year low. Today only 11.3 percent of workers hold a union membership. Labor expert Tony Carnevale of Georgetown University's Center on Education and the Workforce says the federal government has replaced the labor union for many American workers, in pushing for health and safety regulations, minimum wage legislation and equal pay.

Optimists have had no trouble finding fresh evidence to suggest that the real estate market is recovering. Home sales are at the highest levels in years, borrowing rates are at historical lows, and builders are hiring again. But not everyone is convinced that the sector's momentum has staying power.

Impact from the furloughs has been neither extreme nor widespread, with busy airports in Chicago, Atlanta, and Los Angeles reporting no or few delays as of early Monday afternoon. New York's three big airports experienced delays, but the longest holdups were blamed on high winds and maintenance work.

One official predicted that anyone involved in opening a box containing radioactive cobalt-60 could be in grave danger of dying within days.

On the surface, it may look like the gun lobby ultimately won the political battles that mattered in the past year. After all, Congress failed to pass tougher gun laws. But the reality is more mixed; the result was more of a standoff.

Cyclone Phailin has struck India's coast in the Bay of Bengal, where more than 500,000 people have fled vulnerable areas along the coast. Phailin could pack hurricane-force winds for hours to come.