Economy
12:53 pm
Fri February 3, 2012

Have Economists Got It Wrong About The U.S.?

Federal Reserve Chairman Ben Bernanke pauses during a hearing before the House Budget Committee on Feb. 28, 2007.
Alex Wong Getty Images

Originally published on Fri June 22, 2012 10:23 am

Five years ago, a subprime mortgage firestorm was melting down the U.S. economy, but most analysts didn't see it happening.

Federal Reserve Chairman Ben Bernanke, testifying before Congress in February 2007, said the housing sector "is a concern, but at this point we don't see it as being a broad financial concern or a major factor in assessing the course of the economy."

If he and the vast majority of economists were blind to the economic and financial calamity taking shape then, could they also be missing the start of a huge economic boom now?

A boom? Really?

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The Two-Way
12:40 pm
Fri February 3, 2012

'Anonymous' Follows Hacking Of FBI-Scotland Yard Phone Call With Attacks

The Greek Ministry of Justice website after it was hacked earlier today.
Louisa Gouliamaki AFP/Getty Images

A day that began with the Anonymous hackers posting a nearly 17-minute recording of a conference call between officials of the FBI and Scotland Yard has been followed with some tweeted taunting of law enforcement and the news media, and the hacking of websites for the Greek Ministry of Justice, Boston Police Department and lawyers who defended a U.S. Marine at the center of the killing of 24 unarmed Iraqi civilians.

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It's All Politics
12:24 pm
Fri February 3, 2012

If Romney Misspoke About 'Poor' Why Did He Later Repeat Statement?

Originally published on Fri February 3, 2012 2:10 pm

(Revised at 2:19 pm ET)

In an interview Thursday, Mitt Romney said he "misspoke" when he infamously said earlier in the week that he was not concerned about the very poor because they had a safety net, and the very rich but, instead, was focused on the middle class.

Speaking of the CNN interview that has caused Romney a world of trouble, the Republican presidential frontrunner told Jon Ralston of the Las Vegas Sun during an interview program called Face to Face:

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Health Care
11:56 am
Fri February 3, 2012

Komen Issues Apology In Planned Parenthood Flap

Originally published on Fri February 3, 2012 11:57 am

Transcript

(SOUNDBITE OF MUSIC)

RENEE MONTAGNE, HOST:

NPR's Business News starts with a reversal from the Komen Foundation. The Susan G. Komen For The Cure Foundation has just announced that it will not pull its funding for Planned Parenthood after all. The breast cancer charity endured a massive backlash when it announced, earlier this week, it would no longer give Planned Parenthood money for breast cancer screening. NPR's Julie Rovner joins us to explain the turnaround. And Julie, what exactly did the Komen Foundation say this morning?

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The Two-Way
11:53 am
Fri February 3, 2012

BBC Accuses Iran Of 'Bullying' Its Persian Service Employees

Saying officials have undertaken yet another campaign of "bullying and harassment" of its Persian service staff, the BBC called on the Iranian government to "repudiate the action of its officials."

In a blog post, the BBC's Director General Mark Thompson also called on the international community to "put maximum pressure on Iran to desist in this campaign of intimidation, persistent censorship and a disturbing abuse of power."

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Business
11:45 am
Fri February 3, 2012

January's Jobless Rate Shows Spurt Of Growth

Originally published on Fri February 3, 2012 11:57 am

The Labor Department said the economy added 243,000 jobs in January, well beyond many economists' expectations. The unemployment rate fell to 8.3 percent.

Commerce ISD
11:21 am
Fri February 3, 2012

Cooper: 2A classification does not affect funding, academics

COMMERCE - Reclassification to 2A does not affect academic offerings or funding for Commerce ISD, according to CISD Superintendent Blake Cooper.

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The Two-Way
11:20 am
Fri February 3, 2012

Rights Group Says Syrian Security Forces Detained, Tortured Children

A young boy carries the Syrian-rebel adopted flag during an anti-regime demonstration in the Syrian village of al-Qsair, not far from Homs.
Alessio Romenzi AFP/Getty Images

Human Rights Watch has a harrowing report out today about what it says is the targeting of children by Syria's government forces.

"Children have not been spared the horror of Syria's crackdown," Lois Whitman, children's rights director at Human Rights Watch, said in a statement. "Syrian security forces have killed, arrested and tortured children in their homes, their schools or on the streets. In many cases, security forces have targeted children just as they have targeted adults."

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Education
11:00 am
Fri February 3, 2012

Las Vegas Principal Hopes To Beat The Odds

Nevada has the lowest high school graduation rate in the country. But now a multi-million dollar federal grant is helping one district turn its schools around. Host Michel Martin speaks with a principal who spent last Saturday knocking on the doors of students who dropped out, encouraging them to come back to school.

The Swing State Project
10:37 am
Fri February 3, 2012

Battered By The Bust, Nevada Voters Search For Slivers Of Hope

Las Vegas resident Jillian Batchelor, 29, voted for Obama in 2008 but says now, "I'm voting Republican all the way this time."
Becky Lettenberger NPR

The brutal recession has wracked Nevada, where soaring unemployment and foreclosure numbers tell the story of the state's misery. But its importance as a swing state in the 2012 presidential contest has only been enhanced in the four years since it went for Democrat Barack Obama.

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