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Big Banks Report Earnings This Week

Most big U.S. banks are reporting earnings this week. On Tuesday, Goldman Sachs said it lost money in the third quarter amid declining revenues and markdowns on its investments. Bank of America showed improved results, but it lost the biggest bank title to J.P. Morgan Chase.
NPR

The Roots Of Record Foreclosures

RealtyTrac is showing a 14 percent rise in first time default notices between July and September. It's the first jump after five consecutive quarterly declines, suggesting that banks are gradually addressing their backlog of foreclosed homes. Michel Martin discusses the causes and impact of the mortgage crisis with industry observer and history professor Beryl Satter.
NPR

Critic Warns: 'Look' At 9-9-9 Proposal's 'Numbers'

Herman Cain's 9-9-9 tax plan calls for a nine percent tax on what businesses make plus a nine percent tax on what individuals earn and an additional nine percent tax on what individuals spend. Cornell University economist Robert H. Frank, a critic of Cain's tax proposal, talks to Renee Montagne about the plan.
NPR

Cain's 9-9-9 Plan Gets Positive Voter Reaction

Herman Cain's simplified tax plan has vaulted him into the spotlight and has sent his poll numbers soaring. But do people actually know much about the Republican presidential candidate's 9-9-9 tax plan, and how it would affect them?
NPR

Obama Drives His Jobs Message To N.C. Crowds

President Obama is drawing sharp contrasts between his jobs plan and the ideas put forward by Republicans in Congress, as he continues his bus tour through North Carolina and Virginia. That may not bring his jobs plan any closer to passing, but it does help frame the argument for the 2012 election.
NPR

EU To Decide Food Aid Program's Future

As Europe's debt crisis drags on, the social safety nets in place in eurozone countries are beginning to fray. One long-standing program, which is financed by the European Union, and uses surplus food stocks, may end soon. The decision on whether to cut funding to the food aid program comes as more people join the soup lines.
NPR

Some Ford Workers Skeptical Of Proposed Contract

Members of the United Auto Workers union finish voting Tuesday on a new contract with the carmaker that would mean nearly 6,000 new jobs in the U.S. Ford and the UAW both say it's a good deal for the company and its union employees, but not everyone is convinced.
NPR

Income Disparity And The 'Price Of Civilization'

The Occupy Wall Street movement has been criticized for lacking focus — but its main slogan seems to be resonating. That slogan, "We are the 99 percent," highlights the issue of income disparity. It's something economist Jeffrey Sachs has been tracking for a long time.

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