One of the really big challenges facing our world is how to grow more food without using up the globe's land and water. One company in Ohio says we've been ignoring one solution: insects. It's using larvae of the black soldier fly to convert waste into feed for fish or pigs.
Potential changes in economic policy from Washington have sent tremors throughout emerging economies. In Turkey, where growth in recent years has put Eurozone economies to shame, the signs are troubling: The Turkish lira has fallen to its lowest value in years and private sector debt is soaring. Economists say continued liquidity and foreign investment remains crucial if Turkey is to avoid a hard landing.
JPMorgan Chase has agreed to pay regulators more than $900 million in fines over last year's London Whale trading fiasco. A handful of rogue traders at the bank lost more than $6 billion in a bad derivatives trading strategy. The traders then concealed the losses from senior executives for weeks. JPMorgan also formally admitted wrongdoing in the settlement with four different regulators.
It has been almost 50 years since President Lyndon Johnson declared a "War on Poverty." But more than 15 percent of Americans still lived in poverty last year, according to a new report by the U.S. Census Bureau. Host Michel Martin discusses how the country is tackling poverty today with researcher Isabel Sawhill and economics professor Martha Bailey.
Traders in JPMorgan's London offices racked up huge losses last year and then tried to cover up what happened. Now, the bank is admitting the violations and agreeing to pay nearly $1 billion to regulators in the U.S. and U.K.
Economists thought they would hear there had been about 330,000 applications filed for unemployment insurance. Instead, the Bureau of Labor Statistics estimates there were 309,000. Changes in two states' computer systems, however, may still be affecting the data.
Though the Obama administration says that the nation is entering a new era of lower health care spending, an analysis from the agency that oversees Medicare says probably not. Those economists say that health spending will escalate as the economy improves, as it has in past economic recoveries.
When Kentucky businessman Matt Bevin jumped in to challenge fellow Republican Mitch McConnell in next year's primary, the Senate minority leader responded by lying low on controversial issues. And so far, McConnell has steered clear of an attempt to tie must-pass funding bills to a defunding of President Obama's health care law.
U.S. stocks rallied to new highs Wednesday on news the Federal Reserve is keeping its main stimulus program in place with no changes. Most analysts were expecting the Fed to start a gradual reduction in the level of stimulus.
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