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NPR

Calif. Budget Deficit Nearly Doubles To $16 Billion

The California budget deficit has grown to $16 billion; that's nearly double the amount Governor Jerry Brown had announced earlier this year. Brown is calling for increased sales and income taxes and cut backs in state programs.
NPR

Resignations Begin At JPMorgan After $2 Billion Loss

JPMorgan Chase's chief investment officer resigned over the weekend and will retire. The bank made the announcement Monday morning, but didn't comment on other expected resignations. Last week JPMorgan surprised the markets with a $2 billion trading loss. That loss has revived interest in the Volcker Rule, which is supposed to reduce risk by prohibiting "proprietary trading."
NPR

Uneven Economy Evens The Field For Obama, Romney

Lately, key economic indicators seem to be moving sideways. The lack of clear improvement or real weakness has turned the presidential race into a seeming statistical tie.
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How Not to Write About Africa

How NGOs, "fixers," and lax ethics rules are skewering our understanding of Africa...

NPR

Unmanned Aircrafts May Revive Ohio City's Economy

The city of Wilmington, Ohio, was economically devastated three years ago after shipper DHL left town, taking with it thousands of jobs. Economic developers in Wilmington now think one way back is to embrace the unmanned vehicle industry. The FAA recently gave the Air Force permission to test UAVs at the largely vacant Wilmington Air Park.
NPR

South Dakota Tries To Avoid Oil Boom's Downside

The oil boom in western North Dakota has sparked a massive migration. Communities that struggled to keep people are now tripling in size as workers from all over seek their fortunes. In South Dakota, officials say there's oil in their state too. But before drillers head toward Mount Rushmore and the Black Hills, North Dakota's experience is being watched closely.
NPR

Budget Woes Could Close Philly's Problem Schools

Philadelphia's school district plans to close a quarter of its school buildings in coming years to eliminate a huge budget hole. But parents and activists don't trust the decision-makers. Many of them suspect the plan is a ruse to force charter schools and privatization on the district.
NPR

Voters, Economists Agree: Austerity Not The Answer

Tempers are boiling in Greece and other European nations that traded bailouts for a strict austerity plan. Some say Germany's rigid solution is already failing, and may even fracture the euro zone. If that happens, that'll be very bad news for the U.S., too.

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