Five years ago this week, Lehman Brothers collapsed, and America's financial crisis began. On Monday morning, President Obama will mark the anniversary with a speech in the White House Rose Garden. The White House released a new report ahead of the address, assessing how the government's efforts to stabilize the economy turned out.
Larry Summers has removed his name from the running to be the next chairman of the Federal Reserve. The former Treasury secretary informed President Obama of his decision in a phone call Sunday. The withdrawal was first reported by The Wall Street Journal.
The housing bust started in 2006. The recession started in 2007. But it was in September, 2008 – five years ago this month – that the financial crisis hit its most intense moments. Here's a look at how U.S. households have fared since then.
Correction: The headline initially said "four charts." Thanks to the commenter who pointed out that there are, in fact, five charts in this post.
Saying that the goal is to balance its budget in fiscal year 2015, NPR announced late Friday morning that it will soon offer "a voluntary buyout plan across the organization that reduces staffing levels by approximately 10 percent."
This is TELL ME MORE from NPR News. I'm Michel Martin. It is Friday and back in the day this was payday for most people, so we thought this was as good a day as any to talk about wealth, wages and poverty. In a few minutes we will hear about how poverty seems to be affecting the health of white women in a dramatic way.
Originally published on Fri September 13, 2013 11:20 am
Families and survivors of the Rana Plaza garment factory disaster in Bangladesh in April who are waiting for compensation from Western companies will have to wait a little longer.
A meeting Thursday of retailers and brands in Geneva, Switzerland, facilitated by the U.N.'s International Labor Organization, ended with only one company announcing measures for the victims: Primark said it would give the families of victims three months' salary.
The tech industry's sometimes sexist "brogrammer" culture came into focus at least twice this week, making it as good a time as any to highlight the running conversation about how to constructively change the systemic, entrenched issues that allow for offensive apps like Titstare, which was presented at a tech industry hackathon.