Federal Reserve Chairman Ben Bernanke speaks during a news conference in Washington on Dec. 12. Some economists worry the Fed has set the stage for inflation as well as stock and housing bubbles by keeping interest rates low.
The Federal Reserve continued to keep its foot on the accelerator in 2012, using unusual tactics to try to boost economic growth. But there's disagreement among economists about whether the Fed's policies were effective or whether the risks to the economy outweighed the rewards.
Originally published on Thu December 27, 2012 5:27 am
Owners of Toyota vehicles that experienced sudden and unintended acceleration have reached a settlement that could require the carmaker to pay as much as $1.4 billion in claims, according to the auto maker and the law firm representing Toyota customers.
U.S. District Court Judge James Selna, at whose direction the many lawsuits over the "runaway car" fears were consolidated in 2010, will review the proposed settlement Friday.
In 2007, when Virginia's Prince William County ordered police to check the immigration status of anyone they had "probable cause" to suspect was in the U.S. unlawfully, the impact was swift at family restaurant Ricos Tacos Moya.
"Suddenly nobody showed up," says Stacey Moya, an employee, and daughter of the owner. "Nobody was around. Not one soul. We would go hours without any customers, any clients. Nothing."
Bad winter weather is making life difficult for hundreds of thousands of holiday travelers. Yesterday and today, much of the middle and eastern half of the U.S. was hit with blizzard-like conditions. As NPR's Pam Fessler reports, the storm's next stop is New England.
PAM FESSLER, BYLINE: The band of nasty weather has been working its way up from the South, where on Christmas Day residents of Texas, Louisiana, Mississippi and Alabama got a rare and destructive surprise.
In today's Washington Post there's a story about former Republican House Majority Leader Dick Armey accompanied by his wife and to quote the story "an aide holstering a handgun at his waist" entering the Washington headquarters of the pro-Tea Party group FreedomWorks right after Labor Day. Armey was the chairman and according to the Post story, he was claiming control of Freedom Works. The headline of that story is - Freedom Works Tea Party Group Nearly Falls Apart in Fight Between Old and New Guard.
From NPR News, this is ALL THINGS CONSIDERED. I'm Robert Siegel.
7.7 percent, that's the current unemployment rate. It's a full percentage point lower than this time last year. That sounds like progress, a modest number of new jobs are being added every month. But labor force participation, a measure of both people who are working and those who are actively looking for work, is at its lowest point in three decades.
Starting next summer, aspiring commercial pilots will need 1,500 hours of flight training before they can be hired. This dramatic increase, among other factors, is making airlines worry that there will not be enough pilots to maintain current service.
Some airlines — especially the smaller ones — worry they won't have enough pilots. They're a number of factors in play, but they point to new federal safety rules as a big part of the problem.
In February 2009, a Colgan Air commuter jet crashed, killing 50 people. Investigators cited inadequate pilot training; Congress responded with new legislation. Beginning next summer, those who want to pilot commercial jets will need dramatically more hours of flight training before they can be hired.
Originally published on Tue January 1, 2013 10:03 am
As the nation's first African-American president, Barack Obama benefited from and expanded his party's enormous advantage among minority voters.
But as he prepares to start his second term, Obama hasn't managed to usher in behind him many Democrats who are minorities to top elected office. Conversely, Republicans — despite their highly limited support among non-Anglo voters — have managed to elevate more top politicians from minority backgrounds.
Originally published on Wed December 26, 2012 12:49 pm
The website of New York's Journal News newspapers has posted an interactive map showing the names and addresses of people with licenses to own handguns in three counties just to the north of New York City — Westchester, Rockland and Putnam.
"My Mom said, 'life isn't either, or, it's and.' And I think that's why I do so much, maybe too much."
Lea Gilmore was pregnant and married at 18. She describes herself as a "statistic." But, she tells NPR's Celeste Headlee, lessons learned from a family of "very strong Southern women" meant that she did not allow that to dictate her circumstances.
In Newtown, Conn., Christmas is very different this year, a little more than a week after the shooting at an elementary school. Eight families that attend St. Rose of Lima Catholic Church lost children to the tragedy. Parishioners came to Christmas masses there seeking solace, and priests gave a message of hope and comfort.
This is MORNING EDITION from NPR News. I'm David Greene.
In upstate New York yesterday, a gunman ambushed firefighters as they were responding to a house fire in the suburban town of Webster. Sixty-two-year-old William Spengler killed two firefighters and injured two others before he took his own life. Police believe that Spengler set the fire to lure the firefighters to the scene. NPR's Joel Rose has been covering the story and he joins us now.
An Army brigade from Fort Riley, Kan., some 4,000, soldiers, will begin helping to train African militaries. The idea is to help African troops beat back a growing terrorist threat posed by al-Qaida.
The American troops will head over in small teams over the course of the next year. The Dagger Brigade returned to Kansas last year from a deployment to Iraq, where it trained and advised that country's security forces.
Sofia Campos, 23, is the head of the United We Dream campaign — a national network of youth-led immigrant organizations. Campos was born in Peru, but grew up in California, entirely unaware of her undocumented status until she tried applying for college scholarships.
Credit Courtesy of Sofia Jones
Sofia Jones speaks at the 2011 University of California Student Lobby Conference in Sacramento. Jones was among many lobbying for the California Dream Act and affordable higher education.
Throughout the debate over taxes and the "fiscal cliff," there's been a lot of looking backward — to the 1990s. The economic expansion of the 1990s was the longest in recorded American history.
Democrats say the economy thrived under the leadership of President Bill Clinton, including his tax rate increase on high earners. Republicans say government didn't spend as much then and that growth didn't really take off until the GOP took control of Congress in 1995.
So what actually happened in the '90s? What made them tick?
Ronan at 2 years old. "I know Ronan's purpose in life was to shed light on this disease," says his mother, Maya Thompson. "This is why I will continue to fight for childhood cancer for the rest of my life."
Credit Barbara Bradley Hagerty / NPR
Maya Thompson holds a sonogram of her unborn daughter. After a period of hopelessness after her son's death, Thompson says you "either let this pain kill you or you let it make you stronger."
Credit Courtesy of Maya Thompson
Maya Thompson with Ronan just a few weeks before his death in May 2011. A broviac on his chest administered chemotherapy, platelets and red blood cells when needed. He wanted to play in the hot tub that day, so Maya let him go in up to his midsection to keep the broviac dry.
Sen. Chuck Hagel, R-Neb., and then-presidential candidate Barack Obama in Amman, Jordan, in 2008.
Credit Photo provided by Library of Congress / AP
Chuck Hagel (right) and his younger brother Tom sit atop an armored personnel carrier in Vietnam, in a photo taken in or around 1968. The Hagel brothers were squad leaders with the U.S. Army's 9th Infantry Division in the Mekong River Delta.
Former Republican Sen. Chuck Hagel of Nebraska is said to be on President Obama's short list to be the next defense secretary. But even the possibility of his nomination has stirred up opposition — particularly from members of his own political party.
If Hagel can survive a political ambush in Washington, he would be the first Pentagon chief who saw combat as an enlisted soldier.
The blunt-spoken Hagel favors deeper cuts in military spending and is wary of entangling America in long overseas missions.
In North Carolina, pressure is mounting to pardon a group of people convicted of a crime everyone agrees they did not commit. The group is known as the Wilmington Ten. In 1972, a state court found them guilty of firebombing a store.
Mourners put decorations on a Christmas tree, part of a memorial in Newtown, Conn. Holiday greetings, toys and cards have flowed into the town, and some residents say the community feels closer-knit since the shooting.
The days leading up to Christmas are typically bustling in Newtown, Conn. But given the depth of grief in this community since the shootings at Sandy Hook Elementary School, preparations for the holiday began very late.
Local shopkeepers say Saturday was the first day many people came out for holiday shopping since the tragedy. Tamara Doherty, owner of the Wishing Well — a shop filled with local crafts, Christmas ornaments, pottery and potpourri — says her business is finally picking up.
Two firefighters died and two others were hospitalized in western New York on Monday. They were shot after responding to a fire in the town of Webster, outside Rochester. Police say the gunman is also dead, and they're not ruling out the possibility that the firefighters were led into a trap.
People joke that it's customary for non-Christians to eat Christmas dinner at Chinese restaurants. But a Jewish community in Detroit is offering an alternative. They work with Muslims to volunteer for nearly 40 projects around the city. Guest host Celeste Headlee talks with organizers Micki Grossman and Dr. Muzammil Ahmed, about "Mitzvah Day."
This is TELL ME MORE, from NPR News. I'm Celeste Headlee. Michel Martin is away. And a Merry Christmas to you, if you celebrate. Your kids might've gotten a visit from jolly St. Nick last night, but did you know St. Nicholas was a real guy? We'll talk with the man who traveled the world in search of the man who would become Santa Claus. That's just ahead.