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NPR

Is Income Inequality A Problem In The U.S.?

According to the latest Census figures, the wealthiest Americans saw huge jumps in their income, while the rest had their incomes go down. For a deeper understanding of the wealth gap, Steve Inskeep talks to Tyler Cowen, an economist at George Mason University, and Matthew Yglesias, who writes about economics for the website Slate.com.
NPR

Judge Scraps Citigroup Deal

A federal judge nixed a $285 million settlement agreement between Citigroup and the Securities and Exchange Commission involving a major financial case. U.S. District Court Judge Jed Rakoff said the proposed agreement is "neither far, no reasonable, nor adequate, nor in the public interest." Under the deal, Citi would have settled charges that it misled investors in mortgage debt prior to the collapse of the housing market. Rakoff has been a persistent critic of the SEC's oversight of Wall Street. Guy Raz talks to NPR's Jim Zarroli for more.
NPR

LAPD Praised For Its Approach To Occupy Protesters

In Los Angeles, some Occupy protesters are refusing to leave their camp near City Hall — despite a midnight deadline. The LAPD is being praised for its patient approach to the situation.
NPR

Local Governments File Suits Against MERS

In the mid-'90s, the big banks set up the Mortgage Electronic Registration System, or MERS, to track mortgages as they're traded by investors in mortgage-backed securities. It's a system set up to let banks skip the process of paying recurring filing fees at county courthouses each time a mortgage was bought or sold. Now, many cash-strapped local governments, big and small, are filing lawsuits against MERS. Politicians contend their communities are owed millions of dollars.
NPR

Black Friday Sales Suggest A Strong Cyber Monday

Shoppers stormed retail stores this past weekend, and now on Cyber Monday, many are clicking their way to more purchases. One estimate says U.S. consumers may spend $1.2 billion online Monday, smashing last year's record of just over $1 billion.

NPR

Holiday Sales Have Strong Start, Will The Trend Continue?

A good first weekend is welcome news. But after a deep recession and with unemployment still high, analysts want to wait and see.

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