We all know what happens when individuals stop paying their bills. It's an onslaught of angry letters, pestering phone calls and bankruptcy paperwork. But what about when an entire country can't pay the bills? Argentina's default in 2001 is a nightmare scenario for lenders warily looking at Europe's crisis.
The immigration issue is often debated in terms of justice, rights and the protection of our borders, but there's a business story to be told as well. The question is: Can the U.S. economy really function without undocumented workers?
New jobs numbers came out Friday, reporting employers added more than 100,000 workers to their payrolls. That's better than many forecasters were expecting, but not good enough for the 14 million Americans who are still out of work. NPR's Scott Horsley reports on what the numbers tell us about the economy and what they mean for President Obama.
Guy Raz talks to Beverly Gage, associate professor of history at Yale University and author of the book The Day Wall Street Exploded: The Story of America in its First Age of Terror, about the history of protests on Wall Street.
Employers added 103,000 jobs in September, a stronger pace of hiring than expected. The Labor Department report is likely to ease fears that the economy is quickly hurtling toward another recession. But the jobless rate remained stuck at 9.1 percent. Hiring must pick up substantially for optimism and hope to return to the economy.
A few weeks ago, dismal economic reports seemed to be pointing to one conclusion: The economy was slipping into another recession. But new data, including Friday's report showing employers added 103,000 jobs in September, suggest the outlook may be somewhat better than many had thought.
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