Economy

Shares of households with debt, by generation

From The Silents To Millennials, Debt Burdens Span The Generations

11:00am October 12, 2015

by Yuki Noguchi

The silent generation is still paying off mortgages, and baby boomers aren't done with student loans. A new study by Pew Charitable Trusts also shows fewer millennials are taking on mortgages.

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A professor at Princeton University since the 1980s, Angus Deaton has won this year's Nobel in economics for his work on poverty and consumption.

Nobel Prize In Economics Is Awarded To Angus Deaton Of Princeton

10:54am October 12, 2015

by Bill Chappell

"I'm absolutely delighted," says Angus Deaton of Princeton University. He won for "his analysis of consumption, poverty, and welfare," the Nobel Committee says.

Economy

2015 Nobel Prize In Economics Goes To Princeton Professor

9:13am October 12, 2015

by Jim Zarroli

Angus Deaton is the winner of the Nobel Memorial Prize in Economic Science. His studies touch on consumption, poverty and welfare. He is a dual citizen of the United States and the United Kingdom.

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President Barack Obama speaks about the Trans-Pacific Partnership, or TPP, at the Agriculture Department in Washington, D.C., on Oct. 6.

Scrubbing A Trade Deal: Translators Get Behind The Ears Of The TPP

10:50pm October 11, 2015

by Marilyn Geewax

What does it mean to "scrub" an agreement? Here's a look at the phrase "legal scrub" — and why it's significant to the Trans-Pacific Partnership.

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Week In Politics: Speaker Of The House Race, Hillary Clinton On The TPP

8:18pm October 09, 2015

NPR's Robert Siegel speaks with our regular political commentators E.J. Dionne of The Washington Post and Brookings Institution and David Brooks of The New York Times. They discuss Rep. Kevin McCarthy's decision to withdraw from the race for the next Speaker of the House, Hillary Clinton's opposition to the TPP, and the Russian strategy in Syria.

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TPP Negotiators Reached Agreement With Sticky Compromise On Biologics Drugs

6:38pm October 09, 2015

by Jim Zarroli

A big sticking point in the negotiations over the Trans-Pacific Partnership involved biologics medicines and vaccines created from living organisms. The dispute centered on patent protection: how many years drug companies should have before facing competition from generics. The negotiators ended up with a complicated compromise that gives drug makers five to eight years of protection. But nobody is really happy with the outcome.

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Volkswagen board members Wolfgang Porsche (from left), Berthold Huber and Stephan Weil attend a news conference to announce Martin Winterkorn's decision to resign as Volkswagen CEO on Sept. 23, in Wolfsburg, Germany.

Economy

What VW Needs To Do To Survive Its Biggest Scandal

6:06pm October 09, 2015

by Yuki Noguchi

After revelations it cheated emissions tests, Volkswagen is vowing to win back the public's trust. But, experts say, it will take a long time. First, the automaker needs to let the crisis play out.

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Obama Begins Sales Pitch To Congress On Trans-Pacific Partnership

2:22pm October 09, 2015

by Mara Liasson

Negotiators reached agreement on a massive trade deal this week. It sets in motion a complex political fight — one that involves federal policy, the national economy, President Obama's legacy, and creates a backdrop for the 2016 presidential election.

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Economy

'Philadelphia City Paper' Prints Its Final Edition

7:57am October 09, 2015

Philadelphia's award-winning City Paper is the latest casualty among alternative weekly publications, which have struggled in recent years. Steve Inskeep talks to former staff writer Daniel Denvir.

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Volkswagen's U.S. Chief Appears Before House Panel On Emissions Scandal

6:30am October 09, 2015

by Yuki Noguchi

Volkswagen U.S. President Michael Horn appears before the House Energy and Commerce Committee to answer questions about the emissions scandal.

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