Federal Reserve Chairman Ben Bernanke will preside over his last Fed policy-making meeting on Tuesday and Wednesday. On Saturday morning, the first woman ever to lead the nation's central bank, Janet Yellen, will take over.
There's no doubt that during his two terms as chairman, Bernanke faced a challenge unlike any Fed chairman since the Great Depression: a global financial crisis that threatened to become financial Armageddon and followed by a deep recession.
Bernanke talked about how he survived it all during an appearance at the Brookings Institution recently.
KELLY MCEVERS: It's ALL THINGS CONSIDERED from NPR West. I'm Kelly McEvers, in for Arun Rath.
(SOUNDBITE OF TV SHOW, "THE TONIGHT SHOW WITH JAY LENO")
JAY LENO: Welcome to "Tonight Show." Now, folks...
: Next month, a new host will welcome the audience on "The Tonight Show." After two decades of hosting the program, Jay Leno is passing the torch to Jimmy Fallon. Fallon announced NBC's decision to change hosts last spring.
Beginning next week, NPR News will be taking an in-depth look at the unprecedented oil drilling boom happening on the Northern Plains, where the state of North Dakota has fast become one of the nation's most productive drilling regions. NPR's Kelly McEvers talks with NPR reporter Kirk Siegler, back from a recent reporting trip in North Dakota for the series.
There is a vibrancy and spirit this year that's different than other shows. There's also been a lot more money spent. The tenor of the show is very different than when the federal government had an ownership stake in Chrysler and General Motors.
It's a heavy burden for such a light movie but it's possible that Anchorman 2 is the movie that will ring in the end of film. The L.A. Times reported last week that Paramount Pictures, the studio that made "Anchorman 2," will move to a completely digital format to distribute its films to theaters. It's a shift with huge implications, not just for cinephiles who are attached to the warmth and quality of 35 millimeter film, but for archivists who rely on film as a medium that will stand the test of time.
Pork producers across the country are grappling with a virus that's going after piglets. Livestock economists estimate the porcine epidemic diarrhea, or PED, virus has already killed about 1 million baby pigs in the U.S. since it was first found in Iowa last spring.
Canada reported its first case Thursday, and the disease shows no sign of abating. That has veterinarians worried.
The online magazine Ozy covers people, places and trends on the horizon. Co-founder Carlos Watson joins All Things Considered regularly to tell us about the site's latest feature stories.
This week, Watson talks with guest host Kelly McEvers about a rising star who has made hip-hop serious business, and the advertising tactics that life insurance companies are using to attract young people.
Stock prices soared in the past year, but this was a rough week and prices really tumbled today. The Dow lost 318 points, the S&P 500 and the NASDAQ both fell 2.1 percent. This was part of a global sell-off, as investors focus on the growing financial turmoil in the developing world. NPR's Chris Arnold is following this and he joins me now. Chris, the year started off looking like the global economy was more stable. We didn't have a financial crisis unfolding somewhere. So what's going on now?
When I heard late Thursday that Attorney General Eric Holder had come out in favor of bank accounts for state-sanctioned pot businesses, I assumed the industry would react with cheers. After all, they've long complained about being black-balled by banks, which are justifiably afraid of violating federal laws against handling drug money.
But when I started calling around today, the reactions ranged from "That's nice" to "Meh."
Super Bowl suspense is building — for the game and the commercials. With an audience of over 100 million people, advertisers covet this space, but at a reported $4 million a spot, only the mightiest corporations can afford Super Bowl exposure. This year, though, there's an exception. One lucky little business will get one of those primo slots — free.
It may have been a slow news week — no national security flaws or revelations, no more signs that Google is trying to take over the world — but we had plenty of content to feed your tech appetite here on All Tech Considered.
More and more people are buying homes with pure cash. In December, all-cash purchases accounted for 42.1 percent of all U.S. residential sales, according to the latest report from RealtyTrac, a company that collects and analyzes housing data.
Originally published on Mon January 27, 2014 8:10 am
Windows XP may have been largely developed in a different millennium, but it's not going into retirement without a fight.
Even as Microsoft promotes Windows 8, its latest operating system, Windows XP is still the second-most used OS on nonmobile computers, according to Net Applications web analytics. Debuting in 2001, XP lasted through three new Microsoft operating systems and the growth of mobile technology.
David's Bridal is famously known for carrying inexpensive bridal dresses, some for less than $100. Now the company wants to offer an elevated experience for brides to be — with chandeliers, marble tiling and plush chairs. There will be price tags to match — as much as 2,000.
Montreal-based Bixi, which came up with the bike sharing systems offered in many American cities, has filed for bankruptcy. Renee Montagne talks with Andy Riga of the Montreal Gazette about where things went wrong for Bixi, and the future prospects of its operations in North America.
I was in the car for about an hour, rolling around Manhattan in the middle of a snowstorm. The ride normally would have cost me $65. But when it came time to pay, my driver, Kirk Furye, was concerned for me.
"Are you going to get in trouble with NPR?" he asked. "You are almost at three times the [normal] amount."
A new study from Consumer Reports finds varying levels of a chemical compound classified as a possible human carcinogen in many popular brands of soda.
The findings have prompted the Food and Drug Administration to take a new look at the compound, 4-methylimidazole — or 4-MEI for short. It is found in the caramel color that soda makers use to dye the drinks brown.
And as we just heard from Jim, economic mobility may not have changed much in the last 20 years, but income inequality has skyrocketed. More on the latter now from Michael Dimock, vice president of research at the Pew Research Center. Pew has a new survey out, asking Americans what they think about income inequality.
Michael Dimock, welcome once again.
MICHAEL DIMOCK: Thanks for having me.
SIEGEL: And first finding is Americans say there is growing income inequality, yes?
You might think that retailers have to let you know right away if they get hacked and someone steals your account information.
But recent disclosures by Target and Neiman Marcus that their networks were hacked, and data about their consumers were stolen, have raised questions about how quickly merchants need to alert their customers.
In the case of Neiman Marcus, the company may have had evidence of a breach as far back as July. But the law is a bit murky on just how quickly companies need to let customers know.
Surveillance camera video of Aaron Alexis, a contractor who killed 12 people at the Washington Navy Yard on Sept. 16, 2013. Alexis was one of thousands of individuals cleared by the firm known as USIS.
Originally published on Thu January 23, 2014 3:41 pm
The private contractor that signed off on background checks for both NSA leaker Edward Snowden and Washington Navy Yard shooter Aaron Alexis is being accused of fraud by the Justice Department for allegedly submitting more than 650,000 incomplete investigations.
Police in Ceres, Calif., have a warning: If someone comes up to you in a silver Lexus at dusk offering a ridiculously cheap iPad — don't buy it. Authorities say several people have fallen prey to the alluring low prices.
MONTAGNE: The video streaming company's shares spiked more than 17 percent yesterday during after-hours trading. That's thanks to better-than-expected fourth-quarter results. Netflix reported a net income of $48 million for the last quarter of 2013 - up from eight million a year ago.
The World Economic Forum is underway at the Swiss Alpine resort of Davos. It's an annual meeting of the world's business elites but also in attendance are world leaders and academics, celebrities and charities.
Gideon Rachman is chief foreign affairs columnist for the Financial Times. He's a regular at Davos and he joined us from there. Good morning.
GIDEON RACHMAN: Good morning.
MONTAGNE: Tell us about who is there this year and if there are some names that you're surprised to find are not.
Oil is now running through the southern part of the keystone XL pipeline. Supporters and opponents will be watching carefully to see what that could mean for the northern section of the project, that still awaits approval from the Obama administration.
Shareholders protest bank practices at the headquarters of Spain's largest mortgage lender, Bankia, in Madrid on June 23, 2012, at the height of the country's banking crisis. Europe stepped in at that time with $56 billion in loans to help the banking system.
Credit Andrea Comas / Reuters/Landov
Spain nationalized Bankia in 2012, in response to the country's deepening financial crisis.
Spain's banking system on Thursday is marking an end to its reliance on bailout loans from Europe that were desperately needed 18 months ago to shore up its banks after a construction boom-and-bust.
Spain is now the second eurozone country to cleanly exit its bailout program, after Ireland.
It's a dramatic difference from a year and a half ago, when demonstrations erupted outside banks in Spain almost daily. At the time, record numbers of Spaniards were losing their homes in foreclosure. Unemployment soared past 25 percent and kept rising.