Two U.S. banks — JPMorgan Chase and Citigroup — are on the list of institutions targeted by the EU fines. At more than $2 billion, the largest fine ever issued by the European Union in such a case came after a two-year investigation into banks' collusion.
The latest ADP National Employment Report says private employers added 215,000 jobs last month, making it the strongest month for job growth since a year ago. And in October, America's trade gap narrowed on the strength of record exports to China, Canada and Mexico.
Darth Vader has posted on Instagram a photo of his face — more precisely his iconic black helmet. The photo launched the Star Wars Instagram account — a marketing effort by Disney which has a new release out this month.
The 21st Amendment of the Constitution was ratified 80 years ago — ending the prohibition of alcohol as imposed by the 18th Amendment in 1920. There is no denying alcohol does play a big role in our economy. According to the National Beer Wholesalers Association, 1.78 million Americans are employed by the brewing industry alone.
Bangladesh is the cheapest place in the world to make a T-shirt. But this month, the minimum wage there will rise from $39 a month to $68 a month. That's got some factory owners nervous about whether Western retailers there will pull out. Our Planet Money team examines the future of the garment industry in Bangladesh.
A federal judge has ruled Detroit qualifies for bankruptcy. But the cash-strapped city, laden with roughly $18 billion in long-term debt, faces a long road to regain financial solvency. Unions whose members face pension payment cuts are appealing the ruling, and the ultimate decision about paying the pensions may be made by the U.S. Supreme Court.
The Obama administration is renewing its sales push for the president's signature health care law. On Wednesday, officials host a "youth summit" at the White House, where young people will be encouraged to sign up for insurance coverage. Their participation is crucial to help balance out the cost of insuring older, sicker people.
When you give to WAMU, your tax-deductible membership gift helps make possible award-winning programs such as Morning Edition, All Things Considered, The Diane Rehm Show, The Kojo Nnamdi Show, and other favorites.