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Q&A: Why Such A Low Tax Rate For Romney?

GOP candidate Mitt Romney says his effective tax rate is 15 percent. Why so low? The answer lies in a theory that if you tax investment too high, economic growth and job creation are discouraged. But it's somewhat controversial, not least because most of the people who get to pay that lower rate are well-off.
NPR

Jobless Claims Drop, Inflation At 3 Percent, Housing Starts Cool

First-time claims for unemployment insurance plunged by 50,000 last week from the week before, to 352,000. They're now near a four-year low.
NPR

So, Um, What Is A Private Equity Firm?

GOP presidential candidates have clashed over Bain Capital, the firm Mitt Romney formerly headed. In the "private equity" investing world, only wealthy individuals and large institutions, such as pension funds, are welcome. That's Bain's world.
NPR

How Oklahoma City Avoided Economic Pitfalls

As the Mayor's Conference takes place in Washington D.C., city governments are dealing with severe problems at home — from high unemployment to funding cuts. Steve Inskeep talks to Mick Cornett, the Mayor of Oklahoma City, about how his city has managed to avoid some of these problems.
NPR

Manufacturing Industry Gained Momentum In 2011

Manufacturing jobs in the U.S. had a strong finish in 2011, according to the Federal Reserve.That advance is expected to carry over into 2012. David Wessel, economics editor of The Wall Street Journal, talks to Renee Montagne about what the data means for the anemic global economy.
NPR

Silicon Valley Homebuilder Finds A Profitable Niche

The U.S. housing industry has yet to recover from the last recession, but you wouldn't know that by looking at rising home prices in California's still-prosperous Silicon Valley. By being conservative with his ventures, James Witt has made a successful business out of rebuilding Palo Alto homes.
WAMU 88.5

Commission Proposed To Assess Virginia Uranium Mining

The debate on whether to mine for uranium in Virginia continues, with leaders in the southern part of the state proposing an independent commission  to review the issue.

NPR

In Former Steel Town, Residents Question GOP Candidates' 'Entitlement Society' Talk

Republican presidential candidates have had some harsh words about the role of government aid in the Obama administration. But in areas still struggling with a bad economy — such as McKeesport, Pa. — those getting aid say it's keeping them afloat. And they worry what cutting them off would mean.
NPR

Are Attitudes Toward The Wealthy Changing?

Although Mitt Romney isn't the first very rich man to run for president, his multi-millionaire status seems to keep coming up — and often not in Romney's favor. Robert Siegel talks to Robert Frank, who covers wealth for the Wall Street Journal, about society's changing attitudes toward the extremely well off.

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