Economy

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What Strong Holiday Retail Means For US Economy

Black Friday sales surged to their highest level since 2007, and early results from Cyber Monday's online sales are up almost 20 percent over 2010. The U.S. economy and many consumers continue to struggle, however, and some forecasters worry that the encouraging retail boost is unsustainable.
NPR

Consumer Confidence Bounces Higher

The sharp rise may be a sign that consumers are growing less anxious about the economy. But the widely watched index is still well below boom-time levels.
NPR

Home Prices 'Drifted Lower' In Recent Months

The worst may be over for the housing market, but a "sustained recovery" is unlikely until the economy gains strength, according to the latest S&P/Case-Shiller Home Price Indices report.
NPR

American Airlines Files For Chapter 11 Bankruptcy Protection

Weighed down by losses, a weak economy and the ripple effects of Europe's financial crisis, the company is looking to reorganize. It says operations will continue as normal.
NPR

Demand For Denver Apartments Outstrips Supply

The housing crisis has stalled home building but apartment construction is undergoing a bit of a renaissance. There's now a huge pool of people forced to rent because they can't afford to buy a home, or they were a victim of foreclosure. In Denver, there aren't enough apartment vacancies.
NPR

Is Income Inequality A Problem In The U.S.?

According to the latest Census figures, the wealthiest Americans saw huge jumps in their income, while the rest had their incomes go down. For a deeper understanding of the wealth gap, Steve Inskeep talks to Tyler Cowen, an economist at George Mason University, and Matthew Yglesias, who writes about economics for the website Slate.com.
NPR

Judge Scraps Citigroup Deal

A federal judge nixed a $285 million settlement agreement between Citigroup and the Securities and Exchange Commission involving a major financial case. U.S. District Court Judge Jed Rakoff said the proposed agreement is "neither far, no reasonable, nor adequate, nor in the public interest." Under the deal, Citi would have settled charges that it misled investors in mortgage debt prior to the collapse of the housing market. Rakoff has been a persistent critic of the SEC's oversight of Wall Street. Guy Raz talks to NPR's Jim Zarroli for more.

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