The housing bust started in 2006. The recession started in 2007. But it was in September, 2008 – five years ago this month – that the financial crisis hit its most intense moments. Here's a look at how U.S. households have fared since then.
Correction: The headline initially said "four charts." Thanks to the commenter who pointed out that there are, in fact, five charts in this post.
Originally published on Fri September 13, 2013 12:46 pm
Saying that the goal is to balance its budget in fiscal year 2015, NPR announced late Friday morning that it will soon offer "a voluntary buyout plan across the organization that reduces staffing levels by approximately 10 percent."
This is TELL ME MORE from NPR News. I'm Michel Martin. It is Friday and back in the day this was payday for most people, so we thought this was as good a day as any to talk about wealth, wages and poverty. In a few minutes we will hear about how poverty seems to be affecting the health of white women in a dramatic way.
Originally published on Fri September 13, 2013 10:20 am
Families and survivors of the Rana Plaza garment factory disaster in Bangladesh in April who are waiting for compensation from Western companies will have to wait a little longer.
A meeting Thursday of retailers and brands in Geneva, Switzerland, facilitated by the U.N.'s International Labor Organization, ended with only one company announcing measures for the victims: Primark said it would give the families of victims three months' salary.
Representatives of three sororities say they're investigating their recruitment process at the University of Alabama after some groups were accused of rejecting two potential members because they're black.
WTVM-TV reported Thursday that Pi Beta Phi sorority, Chi Omega and Alpha Gamma Delta released statements saying their organizations are investigating after the UA student newspaper, The Crimson White, reported members of two sororities were looking to vote on African-American candidates but were blocked from doing so by alumni members.
A report by the nonpartisan Center on Budget and Policy Priorities says Alabama's cuts to K-12 education are the nation's second worst since the recession began.
The Washington-based group says Alabama's investment in K-12 education has declined 20 percent since 2008, when adjusted for inflation. Only Oklahoma had deeper cuts. The study was based on 2008 because it was the last year before the recession curtailed state tax collections.
Originally published on Fri September 13, 2013 9:03 am
The tech industry's sometimes sexist "brogrammer" culture came into focus at least twice this week, making it as good a time as any to highlight the running conversation about how to constructively change the systemic, entrenched issues that allow for offensive apps like Titstare, which was presented at a tech industry hackathon.
Sunday marks the 5th anniversary of the collapse of one of the nation's leading banking institutions Lehman Brothers. The failure of the bank triggered a global financial crisis and led to the deepest recession in decades. Renee Montagne talks to David Wessel, economics editor of The Wall Street Journal.
Twitter announced via Tweet Thursday that it's launching its long awaited initial public offering. It will be the most high profile IPO since Facebook went public last year. But Twitter hopes to avoid the mishaps that's marred Facebook's stock market debut.
Now, the future shape of the economy will be influenced, in part, by negotiations in Congress this month. What could possibly go wrong? If Congress doesn't act by the end of this month, there will be a partial government shutdown and then in October a fight over the debt ceiling looms. Some Republicans want to rerun a tactic they used in 2011, refusing to borrow to pay for commitments Congress previously made unless the White House agrees to Republican budget demands. NPR congressional correspondent Tamara Keith has the latest.
California is seeing its first increase in the state's minimum wage in six years - a 25 percent increase this time around. Yesterday, the state legislature voted to raise the minimum wage to $10 an hour by 2016. Governor Jerry Brown is expected to sign that bill into law.