Originally published on Wed November 20, 2013 3:00 pm
As the young U.S. senator takes the oath to become president, he sets out to fix an economy struggling with rising unemployment, slumping profits and depressed stock prices.
He knows the deep recession could prevent him from advancing his broader domestic and diplomatic agenda. Yes — all true for President Obama.
But that's what John F. Kennedy faced as well. On his frosty Inauguration Day in January 1961, Kennedy had to start fulfilling his campaign pledge to "get America moving again." Like Obama, he would need to win over a deeply skeptical business community.
Originally published on Thu November 14, 2013 4:58 pm
Janet Yellen cleared a key hurdle Thursday, as her confirmation hearing to become the next chair of the Federal Reserve went smoothly. There were only a few snags in roughly two hours of questions and discussions between Yellen and members of the Senate banking committee.
Many of the senators lauded Yellen's extensive experience, as well as her adherence to views they heard her discuss in private meetings on Capitol Hill in recent weeks.
The Securities and Exchange Commission and the U.S. attorney's office in Brooklyn, N.Y., are looking into $1.8 million that JPMorgan Chase paid to a two-person firm in China from 2006 to 2008, The New York Times reports.
Originally published on Thu November 14, 2013 9:28 am
As Federal Reserve Vice Chairman Janet Yellen prepares to tell the Senate Banking Committee that she supports continuing the central bank's policy of buying billions of dollars' worth of bonds to boost the economy, there's fresh evidence that the relatively slow economic recovery continues to be ... relatively slow.
This is MORNING EDITION from NPR News. I'm Renee Montagne.
STEVE INSKEEP, HOST:
And I'm Steve Inskeep. Let's hear next from a defender of Obamacare, the Affordable Care Act. Democratic Congressman Henry Waxman of California is on the line. Congressman, welcome back to the program.
REPRESENTATIVE HENRY WAXMAN: Thank you. Pleased to be with you.
The first woman to be nominated to head the Federal Reserve takes the witness chair on Capitol Hill Thursday morning for her confirmation hearing. Janet Yellen's challenge will be to reassure her Democratic supporters that she's focused on job creation, while convincing at least a few Republicans that she'll keep inflation in check.
Allegations that Miami Dolphins players harassed one of their own teammates got us thinking about other subtle forms of intimidation that can happen in the workplace. One out of every three people report being bullied on the job. That's according to a survey done by the Workplace Bullying Institute. Its director, Gary Namie, spoke to NPR's Linda Wertheimer. He told her bullying happens across income levels but that it's more likely to occur in particular professions.
The Obama administration says just about 100,000 people managed to choose health plans through the federal and state health exchanges during their first month of the program. Critics say that shows the law is failing. But most analysts say the first month's numbers wouldn't have meant very much, even if the federal website had been working properly.
Bitcoin is an online currency backed by nothing except faith that others will accept it. A young American couple wondered how far could they could push it. The Wall Street Journal reports the couple traveled to three continents, and managed to persuade merchants everywhere to accept the currency. Almost everywhere — they did go hungry for a night in Stockholm.
This week, we've been reporting onthe sharing economy— a term that describes the couch-surfing, car-sharing and community-garden-growing world where so many people are using their existing talents, space or tools.
The big numbers out today are the administration's counts of how many people actually enrolled in health exchanges between Oct. 1 and Nov. 2. More than 106,000 Americans selected health plans in the first month, the government said.
For the first time in nearly a century, Mexico is considering letting foreigners own land outright along the coast and near international borders. Right now, only Mexicans can hold the title to land in the so-called restricted zone. The president and many lawmakers want to relax the ownership laws in hopes of spurring a wave of foreign investment in the country.
But others are crying foul and reviving nationalistic fears of foreign invasion and domination that incited enactment of the law so many years ago.