In New York, yesterday, a federal judge rejected a settlement of a fraud case involving Citigroup. The Securities and Exchange Commission, which brought charges against the bank, had agreed to the $285 million deal. But Judge Jed Rakoff said he didn't believe the settlement was in the public interest. NPR's Jim Zarroli reports.
According to the latest Census, 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.
Peaceful voting in Egypt has given the country's stock market a boost. Cairo's market was closed on Monday when the landmark elections started. When trading opened Tuesday, the benchmark stock index surged more than 5 percent.
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.
The long running NBC comedy series The Office is about a group of workers employed by fictitious paper company Dunder Mifflin. The Wall Street Journal reports that an office supply website called Quill.com has struck a licensing agreement with NBC to sell copy paper using the fictitious brand name.
Home builders have long made a living expanding the edges of Southwestern cities. But look around these days, and you’ll find construction projects that have come screeching to a halt. Home prices and new-home construction are a fraction of what they once were. After an historic housing crisis, a new Fronteras Changing America Desk series asks: is it time to reconsider the way we’ve built the Southwest?
We begin the series, Beyond Sprawl, in Phoenix. Peter O’Dowd reports on a new kind of subdivision, the zombie subdivision .
Scientists at White Sands National Monument are studying hundreds of rare mammalian footprints that date back to the Ice Age. The impressions were discovered this summer by a pair of college students during a science internship.
From the Fronteras Changing America Desk Monica Ortiz Uribe reports the prints are providing clues about the what the southwest region was like before the last great extinction.
Flocks of geese, cranes and ducks aren't likely to find a warm welcome in the drought stricken sanctuaries of Texas. As Monica Ortiz Uribe reports for the Fronteras Changing America Desk, that may be good news for bird watchers in New Mexico.
The Government Accountability Office has released a report showing that only a fraction of human-caused fires in Arizona were investigated in the past five years. Of those, illegal border crossers may have started almost half.
There's a proposal in a U.S. Senate committee to cut funding for a program which helps reduce the risk of catastrophic wildfires in places like New Mexico, California, Arizona, and Texas. Ruxandra Guidi reports from the Fronteras Changing America Desk.
The number of people who need help buying food has risen more than 20 percent for southwestern states including New Mexico, Arizona, California, and Nevada. That’s according to the most recent statistics from the U-S Census Bureau.
The Kalichstein-Laredo-Robinson Trio — pianist Joseph Kalichstein, violinist Jamie Laredo and cellist Sharon Robinson — will celebrate its 35th anniversary as one of the world's finest chamber-music ensembles this January. For the past 25 years, one of the group's frequent partners has been Pulitzer Prize-winning composer Ellen Taaffe Zwilich. She says it's always great fun to hand over a new piece.
Texans don't have to leave the state to visit Paris or Port-au-Prince. Just the most exotic among the state's many colorful town names which were dug up by the San Antonio Express-News. There's Uncertain, Texas, and also Nameless. Its founders gave up on a name after the postmaster rejected several choices.
NPR's business news begins with a strong showing for retailers. Consumers spent a record $52.4 billion at stores and on the Internet over the weekend. It's the official start of the holiday shopping season. According to the National Retail Federation, shoppers hunting for Black Friday bargains spent an average of about $400 each, which is a big jump over last year.
The economy is still far from healthy, and we've been asking people for one idea that could help fix even just one small part of the economy. And we have this latest idea from author and management consultant Jim Collins. He wants to change the way that CEOs are paid. Instead of granting stock options, he says executives should have to buy company stock with their own money.
JIM COLLINS: I want executives who are willing to be aligned in their own risk profile with how well the company does over time.
Officials overseeing a new performance hall had to decide on a mobile phone policy. While theaters generally remind patrons to turn off their devices, The New York Times reports the new theater in Bellevue, Wash., will encourage smartphone use. The theater wants to attract younger audiences, and that means there's no use forbidding the technology.
The dream of high speed rail in California is running into tough realities. Cost estimates have more than doubled — to nearly $100 billion — since the project was approved by voters in 2008. The date of completion has been pushed back to 2030.
The Democratic Republic of Congo holds elections for president and parliament Monday. These are the second elections since a long dictatorship ended in 1997. Elections held in 2006 represented a transition to democracy.
Egyptians in Cairo and Alexandria are among those voting today in the first stage of parliamentary elections. These are the first elections since President Hosni Mubarak was ousted. Two other stages are scheduled for December and January.
We've been hearing a lot about the economic meltdown affecting a string of European countries, and the sort of tough austerity measures that they're now facing. Britain was among the first to embrace a tough austerity program. And now, the economy is stalled. Unemployment is going up. Young people are hit hardest of all - one in five is now out of work. NPR's Philip Reeves spent a day with one of those jobless Britons, a young man named Dean Smith.
The new movie "The Twilight Saga: Breaking Dawn - Part 1" made more money at the box office over the holiday weekend, beating new releases like "The Muppets" and "Arthur Christmas." Now, going to the movies is fun, but for some fans it's not enough to simply watch the action. They want an interactive experience. In fact, they want to be the stars. NPR's Travis Larchuk explains.
TRAVIS LARCHUK}, BYLINE: All right. So here's a scene from the movie "Scott Pilgrim vs. the World."
(SOUNDBITE OF MOVIE, "SCOTT PILGRIM VS. THE WORLD")
Good morning. I'm Steve Inskeep. Mexico's National Institute of Anthropology and History dismisses claims that the apocalypse is coming, but it's still scrupulously providing evidence. Some people predict catastrophe in 2012, supposedly based on forecasts by the ancient people known as Mayans. Anthropologists now say there are two, not just one, ancient references to December 2012. But they say modern forecasters of doom have still, quote, "twisted the Mayan cosmovision." It's MORNING EDITION. Transcript provided by NPR, Copyright NPR.
Good morning, I'm Linda Wertheimer. The world's worst soccer team finally won a game. In 17 years of international play, American Samoa has scored just a dozen goals, compared to the 229 they've allowed. But they scored two this week, to beat Tonga 2-1 in a World Cup qualifying match.
The American Samoans hope their win will raise their ranking. They currently sit at 204th in the world.
It's MORNING EDITION. Transcript provided by NPR, Copyright National Public Radio.
Egypt's ruling military council and anti-government protesters are in a standoff. The military council has pledge to hand over power once a newly- elected president and parliament are in place next summer, but protesters have rejected the idea.
Rhode Island had one of the most underfunded pension systems in the country until last week. That's when an overwhelming majority of state lawmakers passed big changes, mostly affecting future retirees. Now those lawmakers are facing angry unions, which are preparing for a legal fight. As Catherine Welch of Rhode Island Public Radio reports, the unions are also hinting at a political battle against those who supported the plan.