NPR Special Coverage: Financial Turmoil Grips World Markets

NPR Special Coverage: Financial Turmoil Grips World Markets http://www.npr.org/templates/story/story.php?storyId=94624938&ft=1&f=94624938 A crisis that began in subprime mortgages spreads through the U.S. and world economies, choking credit and sending stock markets spiraling downward. The U.S. and other countries approve costly stimulus measures and move to save the financial system by injecting billions into banks. Copyright 2009 NPR - For Personal Use Only NPR API RSS Generator 0.93 Fri, 11 Sep 2009 09:16:00 -0400 http://media.npr.org/images/podcasts/thumbnail/npr_generic_image_75.jpg Financial Turmoil Grips World Markets http://www.npr.org/templates/story/story.php?storyId=94624938&ft=1&f=94624938 yes Is The Recession Over? It was a year ago that the financial crisis took a devastating turn for the worse with the collapse of Lehman Brothers. A lot has happened since then. David Wessel of <em>The Wall Street Journal</em> tells Steve Inskeep that he believes the recession is over, but there are still some effects from the financial crisis. Fri, 11 Sep 2009 09:16:00 -0400 http://www.npr.org/templates/story/story.php?storyId=112739860&ft=1&f=94624938 http://www.npr.org/templates/story/story.php?storyId=112739860&ft=1&f=94624938 It was a year ago that the financial crisis took a devastating turn for the worse with the collapse of Lehman Brothers. A lot has happened since then. David Wessel of <em>The Wall Street Journal</em> tells Steve Inskeep that he believes the recession is over, but there are still some effects from the financial crisis. 245 no It was a year ago that the financial crisis took a devastating turn for the worse with the collapse of Lehman Brothers. A lot has happened since then. David Wessel of The Wall Street Journal tells Steve Inskeep that he believes the recession is over, but there are still some effects from the financial crisis.

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]]> Jobs Shrink Faster Than Stimulus Creates New Ones The Obama administration says the government's stimulus program and other actions aimed at jump-starting the economy have saved or created more than a million jobs so far. Republicans, who generally voted against the stimulus, are skeptical of that number. Fri, 11 Sep 2009 06:00:00 -0400 http://www.npr.org/templates/story/story.php?storyId=112739848&ft=1&f=94624938 http://www.npr.org/templates/story/story.php?storyId=112739848&ft=1&f=94624938 The Obama administration says the government's stimulus program and other actions aimed at jump-starting the economy have saved or created more than a million jobs so far. Republicans, who generally voted against the stimulus, are skeptical of that number. 251 no The Obama administration says the government's stimulus program and other actions aimed at jump-starting the economy have saved or created more than a million jobs so far. Republicans, who generally voted against the stimulus, are skeptical of that number.

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]]> New Jersey Town's Ex-Brokers Adjust To The Times Ridgewood, N.J., is a bedroom community full of former New York City stockbrokers, bankers and executives. A neighborhood Episcopal church offers them a support group where they can help one another cope with their industry's recent downturn. NPR returns to check in on the group, first visited in June. Fri, 11 Sep 2009 00:45:00 -0400 http://www.npr.org/templates/story/story.php?storyId=112724682&ft=1&f=94624938 http://www.npr.org/templates/story/story.php?storyId=112724682&ft=1&f=94624938 Ridgewood, N.J., is a bedroom community full of former New York City stockbrokers, bankers and executives. A neighborhood Episcopal church offers them a support group where they can help one another cope with their industry's recent downturn. NPR returns to check in on the group, first visited in June. 288 no Ridgewood, N.J., is a bedroom community full of former New York City stockbrokers, bankers and executives. A neighborhood Episcopal church offers them a support group where they can help one another cope with their industry's recent downturn. NPR returns to check in on the group, first visited in June.

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]]> Post Recession: Some Jobs Gone For Good The labor market will remain tough for many months to come. But when jobs eventually come back, traditionally strong areas such as health care and education are expected to lead the way. Analysts say weaker ones — such as construction — could take years to return. And many jobs in areas such as autos and newspapers are gone for good. Wed, 02 Sep 2009 06:00:00 -0400 http://www.npr.org/templates/story/story.php?storyId=112460650&ft=1&f=94624938 http://www.npr.org/templates/story/story.php?storyId=112460650&ft=1&f=94624938 The labor market will remain tough for many months to come. But when jobs eventually come back, traditionally strong areas such as health care and education are expected to lead the way. Analysts say weaker ones — such as construction — could take years to return. And many jobs in areas such as autos and newspapers are gone for good. 304 no The labor market will remain tough for many months to come. But when jobs eventually come back, traditionally strong areas such as health care and education are expected to lead the way. Analysts say weaker ones — such as construction — could take years to return. And many jobs in areas such as autos and newspapers are gone for good.

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]]> Will Treasury Make Money On Bank Rescues? The Treasury and Federal Reserve bailed out some of the major banks last year. Now a portion of that money is coming back, and with it some hefty profits for the government. Is the rescue of the banking system turning out to be a good investment for taxpayers? David Wessel of <em>The Wall Street Journal</em> talks with Renee Montagne about whether the Treasury and Fed are turning a profit. Tue, 01 Sep 2009 07:43:00 -0400 http://www.npr.org/templates/story/story.php?storyId=112428867&ft=1&f=94624938 http://www.npr.org/templates/story/story.php?storyId=112428867&ft=1&f=94624938 The Treasury and Federal Reserve bailed out some of the major banks last year. Now a portion of that money is coming back, and with it some hefty profits for the government. Is the rescue of the banking system turning out to be a good investment for taxpayers? David Wessel of <em>The Wall Street Journal</em> talks with Renee Montagne about whether the Treasury and Fed are turning a profit. 191 no The Treasury and Federal Reserve bailed out some of the major banks last year. Now a portion of that money is coming back, and with it some hefty profits for the government. Is the rescue of the banking system turning out to be a good investment for taxpayers? David Wessel of The Wall Street Journal talks with Renee Montagne about whether the Treasury and Fed are turning a profit.

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]]> Bargains: Calif. Holds Giant 2-Day Garage Sale California is holding one of its periodic garage sales to sell off surplus state equipment and supplies. The one that starts Friday promises to be one of the biggest, as the state scrambles to replenish its coffers. Gov. Arnold Schwarzenegger has signed the visors of 15 state cars for sale. Fri, 28 Aug 2009 06:00:00 -0400 http://www.npr.org/templates/story/story.php?storyId=112323659&ft=1&f=94624938 http://www.npr.org/templates/story/story.php?storyId=112323659&ft=1&f=94624938 California is holding one of its periodic garage sales to sell off surplus state equipment and supplies. The one that starts Friday promises to be one of the biggest, as the state scrambles to replenish its coffers. Gov. Arnold Schwarzenegger has signed the visors of 15 state cars for sale. 103 no California is holding one of its periodic garage sales to sell off surplus state equipment and supplies. The one that starts Friday promises to be one of the biggest, as the state scrambles to replenish its coffers. Gov. Arnold Schwarzenegger has signed the visors of 15 state cars for sale.

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]]> FDIC: Private Investors May Buy Failed Institutions The Federal Deposit Insurance Corporation adopted rules for buying failed banks on Wednesday. More than 80 banks have closed so far this year — the most since the height of the savings-and-loan crisis in the 1990s. The new guidelines open the door for private investors who see opportunities in the troubled industry. Thu, 27 Aug 2009 06:45:00 -0400 http://www.npr.org/templates/story/story.php?storyId=112281187&ft=1&f=94624938 http://www.npr.org/templates/story/story.php?storyId=112281187&ft=1&f=94624938 The Federal Deposit Insurance Corporation adopted rules for buying failed banks on Wednesday. More than 80 banks have closed so far this year — the most since the height of the savings-and-loan crisis in the 1990s. The new guidelines open the door for private investors who see opportunities in the troubled industry. 246 no The Federal Deposit Insurance Corporation adopted rules for buying failed banks on Wednesday. More than 80 banks have closed so far this year — the most since the height of the savings-and-loan crisis in the 1990s. The new guidelines open the door for private investors who see opportunities in the troubled industry.

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]]> Unintended Consequence: Questionable Appraisals Things have been looking better for the housing market. Sales are starting to pick up. Prices, at least in some areas, appear to be leveling off. Realtors, however, complain that new regulations are causing headaches for homebuyers. They say one problem centers on home appraisers — the people who estimate how much a house is worth. Fri, 21 Aug 2009 06:17:00 -0400 http://www.npr.org/templates/story/story.php?storyId=112094068&ft=1&f=94624938 http://www.npr.org/templates/story/story.php?storyId=112094068&ft=1&f=94624938 Things have been looking better for the housing market. Sales are starting to pick up. Prices, at least in some areas, appear to be leveling off. Realtors, however, complain that new regulations are causing headaches for homebuyers. They say one problem centers on home appraisers — the people who estimate how much a house is worth. 287 no Things have been looking better for the housing market. Sales are starting to pick up. Prices, at least in some areas, appear to be leveling off. Realtors, however, complain that new regulations are causing headaches for homebuyers. They say one problem centers on home appraisers — the people who estimate how much a house is worth.

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]]> 'Save The Dream' Tour Helps Troubled Homeowners As foreclosures continue to mount, a group called Neighborhood Assistance Corporation of America is trying to help. Organizers are holding Save the Dream sessions across the country to help homeowners figure out how to get their mortgages restructured. Tue, 18 Aug 2009 06:00:00 -0400 http://www.npr.org/templates/story/story.php?storyId=111976178&ft=1&f=94624938 http://www.npr.org/templates/story/story.php?storyId=111976178&ft=1&f=94624938 As foreclosures continue to mount, a group called Neighborhood Assistance Corporation of America is trying to help. Organizers are holding Save the Dream sessions across the country to help homeowners figure out how to get their mortgages restructured. 222 no As foreclosures continue to mount, a group called Neighborhood Assistance Corporation of America is trying to help. Organizers are holding Save the Dream sessions across the country to help homeowners figure out how to get their mortgages restructured.

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]]> Recession's End May Be In Sight, But Jobs May Not Be Long-term joblessness is at its highest level since the 1940s, according to the government. In real terms, that means about 5 million people have been out of work for more than half a year. Economists expect that for many, the pain will continue well after the economy rebounds. Tue, 18 Aug 2009 00:43:00 -0400 http://www.npr.org/templates/story/story.php?storyId=111972220&ft=1&f=94624938 http://www.npr.org/templates/story/story.php?storyId=111972220&ft=1&f=94624938 Long-term joblessness is at its highest level since the 1940s, according to the government. In real terms, that means about 5 million people have been out of work for more than half a year. Economists expect that for many, the pain will continue well after the economy rebounds. 272 no Long-term joblessness is at its highest level since the 1940s, according to the government. In real terms, that means about 5 million people have been out of work for more than half a year. Economists expect that for many, the pain will continue well after the economy rebounds.

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]]> Calif. Lawmakers To Reduce Prison Population Lawmakers in California begin overhauling some of the state's prison policies this week. They have to figure out how to cut $1.2 billion dollars from the corrections budget. They also have to figure out how to comply with a federal court order requiring California to cut its prison population by about 25 percent. Mon, 17 Aug 2009 06:20:00 -0400 http://www.npr.org/templates/story/story.php?storyId=111944129&ft=1&f=94624938 http://www.npr.org/templates/story/story.php?storyId=111944129&ft=1&f=94624938 Lawmakers in California begin overhauling some of the state's prison policies this week. They have to figure out how to cut $1.2 billion dollars from the corrections budget. They also have to figure out how to comply with a federal court order requiring California to cut its prison population by about 25 percent. 237 no Lawmakers in California begin overhauling some of the state's prison policies this week. They have to figure out how to cut $1.2 billion dollars from the corrections budget. They also have to figure out how to comply with a federal court order requiring California to cut its prison population by about 25 percent.

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]]> Economists Say Recession May Be Over The Federal Reserve on Wednesday held interest rates steady, kept other stimulus measures in place and, in a sign of hope, said the economy was stabilizing. These steps and other signs are leading a growing number of economists to say they think the recession is finally over. Thu, 13 Aug 2009 04:33:00 -0400 http://www.npr.org/templates/story/story.php?storyId=111831339&ft=1&f=94624938 http://www.npr.org/templates/story/story.php?storyId=111831339&ft=1&f=94624938 The Federal Reserve on Wednesday held interest rates steady, kept other stimulus measures in place and, in a sign of hope, said the economy was stabilizing. These steps and other signs are leading a growing number of economists to say they think the recession is finally over. 244 no The Federal Reserve on Wednesday held interest rates steady, kept other stimulus measures in place and, in a sign of hope, said the economy was stabilizing. These steps and other signs are leading a growing number of economists to say they think the recession is finally over.

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]]> Recession Slows Down Big Rigs There are fewer big trucks on the road this summer, and they're carrying a lot less. Freight shipping is off 20 percent. Big, heavy items like building materials are down much more, and food shipping also has taken a hit. The slump has left drivers waiting long days for loads, driving long distances with empty trucks to get them and earning less per mile when they do find work. Frank Morris reports for member station KCUR. Tue, 11 Aug 2009 06:38:00 -0400 http://www.npr.org/templates/story/story.php?storyId=111764496&ft=1&f=94624938 http://www.npr.org/templates/story/story.php?storyId=111764496&ft=1&f=94624938 There are fewer big trucks on the road this summer, and they're carrying a lot less. Freight shipping is off 20 percent. Big, heavy items like building materials are down much more, and food shipping also has taken a hit. The slump has left drivers waiting long days for loads, driving long distances with empty trucks to get them and earning less per mile when they do find work. Frank Morris reports for member station KCUR. no There are fewer big trucks on the road this summer, and they're carrying a lot less. Freight shipping is off 20 percent. Big, heavy items like building materials are down much more, and food shipping also has taken a hit. The slump has left drivers waiting long days for loads, driving long distances with empty trucks to get them and earning less per mile when they do find work. Frank Morris reports for member station KCUR.

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]]> 'Seattle Times' Sees Profitability After Cutting Costs Good news is rare in the newspaper business these days. But one paper says it's clawing its way back from the brink. The publisher of <em>The Seattle Times</em> says his paper has started turning a profit. He attributes that to dramatic cost cutting and to the demise of the city's other newspaper, the <em>Seattle Post Intelligencer,</em> which now exists only online. Tue, 11 Aug 2009 06:00:00 -0400 http://www.npr.org/templates/story/story.php?storyId=111764462&ft=1&f=94624938 http://www.npr.org/templates/story/story.php?storyId=111764462&ft=1&f=94624938 Good news is rare in the newspaper business these days. But one paper says it's clawing its way back from the brink. The publisher of <em>The Seattle Times</em> says his paper has started turning a profit. He attributes that to dramatic cost cutting and to the demise of the city's other newspaper, the <em>Seattle Post Intelligencer,</em> which now exists only online. 157 no Good news is rare in the newspaper business these days. But one paper says it's clawing its way back from the brink. The publisher of The Seattle Times says his paper has started turning a profit. He attributes that to dramatic cost cutting and to the demise of the city's other newspaper, the Seattle Post Intelligencer, which now exists only online.

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]]> Haggling Picks Up Steam During Recession With household budgets as tight as ever, haggling is increasingly popular these days. Customers are contesting the price they pay at gas stations, chain stores and other places you might not think to negotiate. The key, says one pro, is always ask for a discount. If you don't ask, forget getting a deal. Mon, 10 Aug 2009 07:27:00 -0400 http://www.npr.org/templates/story/story.php?storyId=111721647&ft=1&f=94624938 http://www.npr.org/templates/story/story.php?storyId=111721647&ft=1&f=94624938 With household budgets as tight as ever, haggling is increasingly popular these days. Customers are contesting the price they pay at gas stations, chain stores and other places you might not think to negotiate. The key, says one pro, is always ask for a discount. If you don't ask, forget getting a deal. 276 no With household budgets as tight as ever, haggling is increasingly popular these days. Customers are contesting the price they pay at gas stations, chain stores and other places you might not think to negotiate. The key, says one pro, is always ask for a discount. If you don't ask, forget getting a deal.

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