This past week, Congress selected the 12 members of its "supercommittee" to slash the federal budget by the end of November. Host David Greene speaks with James Fallows of The Atlantic about the potential dangers of treating the federal budget the way families treat their own budgets.
Thirty years ago today, President Ronald Reagan signed the Economic Recovery Tax Act, the first major tax cut during his presidency. Guest host David Greene talks with Reagan historian Douglas Brinkley about the act's legacy and how it still affects American discourse on taxation.
They love "the Huckster" in Iowa, and he loves them back.
And former Arkansas Gov. Mike Huckabee says that Texas Gov. Rick Perry made a "tactical error" by shunning Saturday's straw poll, instead opting to announce his candidacy for president today in South Carolina.
"He's raining on the parade in Iowa," said Huckabee, taking a break from signing books for the happy crowd mobbing him Saturday morning. "I'm not against Rick at all, but this is the biggest day of the year for Iowa Republicans."
Some cab drivers might stay silent with customers in their cars. Others can talk your ear off. Joel Laguidao just wants to sing with you.
Laguidao has become known as the "karaoke cab driver." While driving for Red Top Cab Co. on weekend nights around Arlington, Va., he sings favorites like Journey's "Faithfully" and Bon Jovi's "Bed of Roses."
It started about three years ago. Laguidao grew tired of the FM radio offerings and bought a karaoke machine. He has two small monitors for reading lyrics, a large silver microphone and a thick song catalog.
A trader works on the floor of the New York Stock Exchange on August 11, 2011. US stocks made another dramatic comeback after a stunning fall on Thursday, in another day of extreme volatility in markets around the world.
Credit University of Berkeley, California
Ulrike Malmendier, Associate Professor of Economics at UC Berkeley, says that living through a serious recession can make you less likely to invest in the stock market for decades.
This past week the stock market took a serious nose-dive, the Dow Jones Industrial Average dropped 500 points on Thursday. As a result, investors across the board have been flocking to safer investments. Now you might expect older people to cash out in order to save their nest eggs — but young people? The standard investment advice would be to hold tight. Turns out, they're actually the ones fleeing from stocks the fastest.