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Student Loan Rates Set To Double On July 1

The interest rate on government-backed student loans is going to double on Monday. Policymakers in Washington could not agree on a plan to keep it from happening. If they don't agree on a plan soon, 7 million students expected to take out new Stafford loans could be stuck with a much bigger bill.
NPR

Economists Have A One-Page Solution To Climate Change

Tax fossil fuels in proportion to the amount of carbon they release. That's it; that's the whole plan.
NPR

Ireland Slumps Back Into Recession, As Exports Fall

A report issued Thursday by Ireland's Central Statistics Office found that its GDP had fallen by 0.6 percent. The same report also included newly revised figures for recent quarters. As a result, the negative GDP numbers in two or more quarters satisfies the definition of a recession.
NPR

Regulators File Charges Against Corzine Over MF Global Debacle

The Commodity Futures Trading Commission says Jon Corzine failed to keep money that belonged to the brokerage's customers from unlawfully being used to cover MF Global's obligations.
NPR

What The Rise Of Cage-Free Eggs Means For Chickens

Promises from big food companies to switch to "cage-free" eggs have set off a supply chain reaction among egg producers. Some producers are adding more cage-free houses to their operations. But scientists are still trying to measure whether cage-free chickens are really better off.
NPR

In Symbolic Move, U.S. Cuts Trade Privileges For Bangladesh

The immediate practical impact of the U.S. decision on the country's garment industry is expected to be minimal. But it could affect the EU's thinking on more wide-ranging trade benefits.
NPR

Employers In New York City To Be Required To Pay Sick Leave

New York City became the most populous place in the United States to require businesses to give employees paid sick leave. Mayor Michael Bloomberg had previously vetoed this requirement, but has now been overruled by the City Council.
NPR

Delta Airlines Fined For The Way It Bumps Passengers

Like most airlines, Delta overbooks its flights. The Department of Transportation fined Delta $750,00 for violating rules on overbooking — specifically for complaints that it bumped passengers without first asking for volunteers, and also failed to offer compensation for those who got bumped.
NPR

Walgreens Cashes In On Department Stores' Pain

At the turn of the 20th century, visiting a drug store meant going to a soda counter with a pharmacist. If you wanted to go shopping, you would go to a department store. Now that trend is reversing: drug stores are battling to keep consumers in the store for longer.
NPR

Agriculture's Waning Influence In Washington Hinders Farmers

Many Midwest farmers are behind in planting corn and soybeans, thanks to a cool spring and heavy rain. Now, they're getting a chill from Congress, too, as the House voted down a new farm bill last week. In Iowa, some farmers say they're disappointed and frustrated that farm policy is on hold, largely because of arguments over nutrition programs they think shouldn't even be in the farm bill.

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