Dec 4, 2013 — A federal judge has given Detroit the green light to enter bankruptcy. Host Michel Martin speaks with Detroit Free Press columnist Rochelle Riley about what it means for Motown residents.
Dec 4, 2013 — Two U.S. banks — JPMorgan Chase and Citigroup — are on the list of institutions targeted by the EU fines. At more than $2 billion, the largest fine ever issued by the European Union in such a case came after a two-year investigation into banks' collusion.
Dec 4, 2013 — The latest ADP National Employment Report says private employers added 215,000 jobs last month, making it the strongest month for job growth since a year ago. And in October, America's trade gap narrowed on the strength of record exports to China, Canada and Mexico.
Dec 4, 2013 — A federal judge has ruled Detroit qualifies for bankruptcy. But the cash-strapped city, laden with roughly $18 billion in long-term debt, faces a long road to regain financial solvency. Unions whose members face pension payment cuts are appealing the ruling, and the ultimate decision about paying the pensions may be made by the U.S. Supreme Court.
Dec 4, 2013 — On Capitol Hill, the House wants to cut food stamps, or SNAP benefits, by $40 billion over 10 years. The Senate wants to cut $4 billion. Our Planet Money team explains the cuts involve complicated legal maneuvers — or what some people call loopholes.
Dec 3, 2013 — The largest municipal bankruptcy in U.S. history took a step forward Tuesday when a judge said the city can go forward with its Chapter 9 bankruptcy case. Now a manager will work to cut pension costs and make deals with creditors. Detroit is $18.5 billion in debt.
Dec 3, 2013 — Renee Montagne talks to Michelle Singletary, financial columnist for The Washington Post, about what consumers need to understand about putting income aside for retirement. Investment company Charles Schwab recently did a survey that showed most people feel like they don't know what they are doing with their retirement funds.
Dec 3, 2013 — The economy adds a decent number of jobs every month but there are big questions about the quality of some of those jobs. Many people getting hired these days do not have anything resembling a regular schedule and work fragmented and unpredictable hours.
Dec 3, 2013 — Another tech boom has brought an influx of money and new residents to San Francisco, and people who have long called the city home are being evicted from their apartments. Tenants and community organizers are demanding that the city do something to stop residents from being pushed out.
Dec 2, 2013 — The U.S. aims to reduce carbon dioxide emissions by 80 percent by 2050. Wind and solar power can help. But folks doing the math say other pricey, controversial technologies — such as burying carbon gas underground, and expanding nuclear power — are also likely to be part of a low-carbon future.