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Under mark-to-market accounting, companies are required to value their assets according to how much they would get right away in a sale. Firms say that makes balance sheets look overly rosy in good times — and distorts and undervalues assets in bad times.

The U.S. Conference of Mayors held its annual meeting this weekend to discuss issues on the urban agenda. Philadelphia Mayor Michael Nutter explains this year's gathering, and how he plans to address the challenges confronting his city. Among Philadelphia's challenges are poverty, crime and high foreclosure rates.

San Diego County’s updated blue print for future growth in the unincorporated areas has been in the works for more than a decade. It’s back in public hearings today.

Two years ago, the jobless rate in Bend, Ore., was at a record low, thanks to urban refugees drawn by the region's scenery and recreation. Now unemployment is at an all-time high, and workers are heading back to school to learn new skills in hopes that new jobs will appear.

The verdict is in: Poway defense contractor Brent Wilkes has been convicted of 13 felonies for bribing former Congressman Randy "Duke" Cunningham. We'll get an update on the verdict with reporter Seth

An environmental group says a proposal by the California Department of Transportation to convert the state's 674 changeable digital road signs into commercial billboards is a bad idea. KPBS Environme

Learn how the local Muslim community and people who lost loved ones in 9/11 are reacting to the news that al-Qaida leader Osama bin Laden has been killed. Plus, find out what the local military community thinks about the news. And, hear how bin Laden's death could impact terrorist networks around the world.

Amid the health care overhaul debate, one big question has been where to come up with the money to change the system. One idea that has been suggested is a tax on soda. Public health advocates say drinking soda is directly linked to obesity, which is partly responsible for skyrocketing health care costs.

I. Lewis "Scooter" Libby only has his two-year probation left to deal with in the CIA-leak case. President Bush commuted his 30-month prison term; and Libby already paid his $250,000 fine. But the judge who sentenced Libby suggested that federal law may not permit supervised release without serving prison time.

The Senate Finance Committee votes 14-9 to approve a sweeping remake of the country's health care system, setting up a historic debate on the Senate floor and moving a health care overhaul closer to reality than it has been for decades. Sen. Olympia Snowe of Maine cast the lone Republican vote.