Economy

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WAMU 88.5

Maryland State Senate Talks Taxes In Special Session

A plan to raise income taxes for the wealthy to close a budget gap was the subject of the special session held by the Maryland State Senate in Annapolis.

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.
WAMU 88.5

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.

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