NPR News

Pages

8:50am

Thu September 22, 2011
The Two-Way

Fed's 'Twist' Not Enough To Keep Markets Happy

Originally published on Thu September 22, 2011 11:00 pm

Traders work on the floor of the New York Stock Exchange during morning trading on Thursday.
Spencer Platt Getty Images

The Federal Reserve can't seem to win.

Stocks around the world fell sharply Thursday, a day after Chairman Ben Bernanke and his Fed colleagues announced their latest plan to cut already-low interest rates in an effort to boost the economy. Analysts said the Fed's "Operation Twist" was actually a signal that the central bank is still extremely worried about the prospects for recovery.

Read more

8:35am

Thu September 22, 2011
The Two-Way

GOP Rep. Ryan On Obama's Plan: 'Why Would We Want To Do This Again?'

Originally published on Thu September 22, 2011 4:01 pm

Rep. Paul Ryan (R-WI) at NPR headquarters in May.
Erin Schwartz NPR

Earlier this month on Morning Edition, Treasury Secretary Timothy Geithner made the case for President Obama's latest jobs plan, saying it "would have a substantial, powerful effect on strengthening the economy." Click here to read and hear his conversation with host Steve Inskeep.

Read more

8:01am

Thu September 22, 2011
Business

Air Force And Navy Turn To Bio-Fuels

US airforce F16 jet fighters sit on the tarmac at the Aviano air base in Italy on March 25, 2011. It tested its jets on fuel made of 50 percent vegetable oil.
Giuseppe Cacace AFP/Getty Images

The Pentagon's hunt for an alternative to petroleum has turned a lowly weed and animal fat into something indistinguishable from jet fuel and now the military is trying to kick-start a new bio-fuel industry.

"To flip the line from 'Field of Dreams', if the Navy comes, they will build it," Navy Secretary Ray Mabus said in a recent speech.

Read more

7:00am

Thu September 22, 2011
The Two-Way

Diplomats Owe NYC $17.2M For Parking Tickets; DC Is Owed $340,000

A car with diplomat license plates near the United Nations in New York City.
Stephen Chernin Getty Images

There was outrage yesterday over the $16 muffins and $32 snack packs purchased by the Justice Department in recent years.

Today's this is outrageous news:

Diplomats owe the city of New York $17.2 million and owe Washington, D.C., more than $340,000 for unpaid parking tickets, Washington's WTOP-radio reports.

Read more

6:35am

Thu September 22, 2011
The Two-Way

Jobless Claims Dipped Slightly Last Week

Originally published on Thu September 22, 2011 6:38 am

There were 423,000 first-time claims filed for unemployment benefits last week, the Employment and Training Administration just reported.

That's down 9,000 from the previous week. But, as The Associated Press says, claims "remain elevated" and at a level that underscores the weakness of the labor market.

Read more

Pages