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Why It's Easier To Scam The Elderly

New research suggests older adults may have less activity in the area of the brain that processes risk and subtle danger. Another possible reason older adults don't pick up on warning signs is an increasing bias against negativity.
NPR

What Should The U.S. Learn From Europe's Woes?

As President Obama and lawmakers try to find a formula for spending cuts and tax increases, they might look across the Atlantic for insights from those who have been wrestling with budget problems. The first lesson from Europe's "fiscal consolidation" experiences: It will hurt.
NPR

Looming Spending Cuts Would Hit Hard All Over

If Congress fails to reach an agreement on tax increases and spending cuts this year, it will mean sharp reductions in a broad swath of federal spending, from defense and Medicare to education and unemployment benefits. Economists say the cuts would be a serious setback for the economy as a whole.
NPR

Obama And House GOP Engage In Fiscal Cliff Talks, Only Briefly With Each Other

The president and House Republicans continued to snipe at each other Wednesday over the impending set of automatic tax hikes and spending cuts known as the fiscal cliff. President Obama and House Speaker John Boehner later spoke briefly by phone for the first time in a week, according to reports.
NPR

Red Alert: Aerospace Industry Counts Down to Cutbacks

During a luncheon, industry insiders warned that if spending cuts go into effect on January 1, they could face huge layoffs.
NPR

Socialism, Capitalism: Merriam-Webster's Odd-Couple Words Of The Year

The two words, said the dictionary's editor, are essentially antonyms but tell us just how divided the country was during a presidential election that presented a stark decision for the future.
NPR

How Helpful Is Extending Unemployment Benefits?

About 2 million Americans could lose unemployment checks if Congress doesn't extend emergency federal benefits by the end of the year. Host Michel Martin talks about new research challenging conventional wisdom about unemployment checks. Guests include James Sherk of the Heritage Foundation and Judy Conti of the National Employment Law Project.
NPR

Citigroup Cutting 11,000 Jobs, Taking $1.1 Billion In Charges

Banks have been under increasing pressure to cut costs and eliminate redundancies. The cuts will eliminate about 4 percent of Citi's workforce.

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