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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.

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.

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.

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

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.

LAPD Praised For Its Approach To Occupy Protesters

In Los Angeles, some Occupy protesters are refusing to leave their camp near City Hall — despite a midnight deadline. The LAPD is being praised for its patient approach to the situation.

Local Governments File Suits Against MERS

In the mid-'90s, the big banks set up the Mortgage Electronic Registration System, or MERS, to track mortgages as they're traded by investors in mortgage-backed securities. It's a system set up to let banks skip the process of paying recurring filing fees at county courthouses each time a mortgage was bought or sold. Now, many cash-strapped local governments, big and small, are filing lawsuits against MERS. Politicians contend their communities are owed millions of dollars.