Hear NPR's Marilyn Geewax's Interview With Professor Sheldon Garon
The 2008 financial crisis made it clear: Americans save too little, spend too much and borrow excessively, says Princeton professor Sheldon Garon. In Western Europe and East Asia, governments aggressively encourage people to save through special savings institutions and savings campaigns.
Garon has just released a new book, Beyond Our Means: Why America Spends While the World Saves. He discussed his findings with NPR:
The settlement was first reported by the Charleston Gazette, and some details were confirmed by NPR. A private briefing about the settlement is scheduled Tuesday morning for the families of the victims. A public announcement is set later in the morning.
The list of "trending topics" on the right side of Twitter's home page is a coveted spot because millions of people see it. It often reflects what's hot in the news, from the death of Steve Jobs to Kim Kardashian's latest exploits.
Sometimes a topic that seems hot, like Occupy Wall Street, doesn't trend, leading some activists to charge Twitter with censorship. But the complex algorithms that determine trending topics are intended to find what's trending in the moment, and not what's been around for a long time.
Once, the much-loved 2007 Irish indie, was kind of the little movie musical that could. Made on a shoestring budget in Dublin, it starred songwriters Glen Hansard and Marketa Irglova as thinly veiled versions of themselves, and it was as much about the love of making music as it was about the budding but unfulfilled love between the two central characters.
President Obama will try Tuesday to follow in the footsteps of Teddy Roosevelt when he delivers an economic speech in Osawatomie, Kan., the same city where Roosevelt issued a famous call for a "New Nationalism" more than 100 years ago.
For Obama, this is a "connect-the-dots" speech. White House spokesman Jay Carney said it's a chance to show how the president's various economic proposals β from stricter banking oversight to payroll tax cuts β fit together, as Obama prepares for a re-election battle.
First of a two-part series on California's climate policies
California is about to try a radical experiment. A little over a year from now, the state will limit the greenhouse gas emissions from factories and power plants, and, eventually, emissions from vehicles.
The U.S. Congress tried to pass a similar plan for the whole country but dropped the idea last year.
Coming after Gen X and Gen Y, the next generation of young people have been called "Gen Wrong Place, Wrong Time." With unemployment and college costs both sky-high and the housing market in collapse, young people today are facing extraordinary economic uncertainty.
Perhaps nowhere is that more clear than in a small town like East Millinocket, Maine.
The public corruption saga of former Illinois Governor Rod Blagojevich is nearing an end. Earlier this year, he was found guilty of 18 counts of corruption, including trying to sell the U.S. Senate seat once held by President Obama. Today, a federal judge begins a hearing to determine Blagojevich's sentence. NPR's Cheryl Corley reports.
This is MORNING EDITION from NPR News. I'm Linda Wertheimer.
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And I'm Steve Inskeep. Good morning.
Let's talk, now, about the reported settlement in last year's deadly coal mine disaster in West Virginia. Details are expected later this morning, but NPR and other news organizations have confirmed some elements of a $200 million settlement that involves civil and criminal penalties levied against the owner of the Upper Big Branch mine.
On November 28th, elections were held in the Democratic Republic of Congo. They were only the second democratic polls in the nation's turbulent half-century of independence, and even before voters went to the polls there were signs that all was not well.
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Violence marred the run-up to the actual voting day, so polling was extended in some areas up to three days. Opposition candidates said the election itself was tainted.
Originally published on Mon December 5, 2011 7:01 pm
Rep. Ron Paul may not be leading in any of the major presidential polls (though he's in second place in Iowa according to a recent poll.) But he arguably is setting the pace when it comes to the 2012 presidential campaign ads.
Originally published on Mon December 5, 2011 6:40 pm
Protesters headed to the streets and snipers opened fire in Taiz, Yemen today. As The New York Times puts it, the clashes "threatened a day-old cease-fire agreement" and threw into question whether a power transfer agreed to by Yemen's president in November would mean much for the country.
Scientists have discovered a planet not too much bigger than Earth that's circling a distant star that's much like our own Sun. What's more, this planet is in the so-called "Goldilocks zone" around that star β a region that's not too hot and not too cold. That's the kind of place that could be home to liquid water and maybe even life.
The planet, known as Kepler-22b, is the first near-Earth-sized planet to be found smack dab in the middle of the habitable zone of a twin to our Sun.
A little-noticed trial in Maryland could affect how many dirty tricks voters will see in the upcoming elections β things like anonymous fliers or phone calls telling people to vote on the wrong day, or in the wrong precinct, or that they can't vote at all if they have an outstanding parking ticket.
The tactics are often illegal, but it's rare for anyone to get caught, let alone end up in court.
Today it is widely understood that slavery is a stain on American history β indelible and regrettable. But on the 150th anniversary of the beginning of the Civil War, a new issue of The Atlantic magazine reaches back to a time when this matter wasn't yet settled, and monumental questions were still up in the air: Would slavery continue? Would America remain united?
Originally published on Wed December 7, 2011 10:49 am
Hidden in the soil of Illinois and Iowa, a new generation of insect larvae appears to be munching happily on the roots of genetically engineered corn, according to scientists. It's bad news for corn farmers, who paid extra money for this line of corn, counting on the power of its inserted genes to kill those pests. It's also bad news for the biotech company Monsanto, which inserted the larvae-killing gene in the first place.
When businessman Herman Cain left the Republican presidential race over the weekend, he said he would endorse one of his former rivals.
One likely recipient of that endorsement: Former House Speaker Newt Gingrich. Like Cain before him, Gingrich is trying to establish himself as the conservative alternative to former Massachusetts Gov. Mitt Romney. And Cain and Gingrich share a long history of mutual admiration.
In the past two weeks, Russia's president has once again slammed the U.S. for its missile defense plans in Europe. President Dmitry Medvedev told his nation Russia would aim its missiles at U.S. missile interceptors when they are deployed in Europe. He also said Russia might even pull out of the new START agreement, which limits both sides' strategic nuclear warhead deployments. We've heard these complaints and threats before from Moscow. Nevertheless, the tone of the Medvedev's remarks was quite sharp.
Congress returned to Washington Monday with a pile of unfinished business, and no clarity on a path to getting it done. At the top of the congressional to-do list this week is extending a payroll tax holiday that meant about $1,000 in extra take-home pay for the typical family this year. It is set to expire at the end of the month.
Congressional leaders from both parties say the payroll tax cut is a must-pass measure. It's just not entirely clear how it's going to happen.
Using 54,000 feet of toilet paper and the 825-foot long "Infinite Corridor" at MIT as a workspace, students from a small boarding school in Massachusetts say they broke an unofficial record for folding paper on Sunday.
Soul music lost one of its great voices last week. Singer Howard Tate died Friday after a battle with cancer at the age of 72. Tate had made his name with a string of classic records including "Get It While You Can," before sliding into obscurity and addiction. But Tate got sober, found religion and he enjoyed a successful encore career over the past decade.
Tate's first turn at the music business came in 1966, when the single "Ain't Nobody Home" hit the R&B charts.
Originally published on Mon December 5, 2011 3:21 pm
We don't usually share local crime stories, but two of them stuck out today. And one of them provides some hope. We'll start with the sad one:
Fox 8 Cleveland reports that a burglar has "ruined" Christmas for a Painesville, Ohio family. The burglar allegedly broke into the home, took their TV, an Xbox, a laptop and worst of all perhaps, then took all the newly-bought presents underneath the Christmas tree:
After 12 years with his authority virtually unchallenged, Vladimir Putin now appears to be facing an electorate that's showing signs of weariness with his rule.
Putin still seems to have a lock on another presidential term as the country prepares for that election in March. Nevertheless, his party β United Russia β received a clear rebuke in parliamentary elections held Sunday.
Robert Siegel speaks with Jack Stripling, a senior reporter at The Chronicle of Higher Education, about its analysis of executive compensation at private colleges. Among the findings, 36 presidents earned more than $1 million in 2009 β that's three presidents more than the previous year.