Economy

RSS Feed
NPR

For Stockton, Calif., Bankruptcy 'Freezes Everything'

Many cities around the country are faced with growing costs and shrinking revenue. Despite making sweeping cuts, Stockton, California recently became the largest city to file for bankruptcy. Host Michel Martin talks with Stockton Mayor Ann Johnston about how she's managing a city that's operating in the red.
NPR

Public Pensions Are About To Look Less Healthy

Numbers from state and local governments suggest their public pension plans are underfunded by about $1 trillion. New accounting rules are about to make that gap between what they owe and what they have on hand look bigger — much bigger, in some cases.
NPR

Tough Austerity Plan Incites Spanish Protesters

Tens of thousands of Spaniards staged angry protests this week against new cutbacks that represent the biggest single dose of austerity in Spain's democratic history. Public employees will suffer pay cuts as part of a nearly $80 billion package of cuts and tax hikes. New austerity measures are the conditions attached to a European bailout for Spanish banks.
NPR

GM Retirees Face Crucial Pension Deadline

More than 40,000 GM retirees must decide by 5 p.m. Friday whether to take a buyout of their pensions. If they don't, responsibility for their pensions shifts to a private company. Financial planners have been working overtime to try to help people make a decision.
NPR

As Drought Kills Corn, Farmers Fight Over Ethanol

Livestock and chicken farmers say the government's ethanol policy inflates fuel prices and forces them to compete with fuel companies for corn the fuel companies don't even want. This year, gas companies are required to buy 13 billion gallons of ethanol.
WAMU 88.5

Jeff Faux: "The Servant Economy" (Rebroadcast)

An economist describes the financial decline of the middle class and why he believes neither political party will stop it.

NPR

Six Policies Economists Love (And Politicians Hate)

A summary of the economic policies that won a thumbs-up from our broad spectrum of economists — and would probably prove toxic to any actual presidential candidate.
WAMU 88.5

Friday News Roundup - International

Russia and China once again block U.N. action to try to halt bloodshed in Syria. Secretary of State Clinton visits Israel and Egypt. And security for the London Olympics comes under scrutiny. A panel of journalists joins Diane for analysis of the week's top international news stories.

Pages