Business

Sen. Elizabeth Warren, D-Mass., questions Federal Reserve Board Chairman Ben Bernanke during a Senate hearing last month. Senators from both ends of the political spectrum argue that financial reforms are insufficient to protect taxpayers from potential r

Odd Political Bedfellows Agree: Banks Still Too Big To Fail

7:51pm March 19, 2013

by John Ydstie

On the political far left and right, some believe that large banks still pose a threat to taxpayers. These banks are so big, they argue, that the government will step in with support if needed. Still, the more mainstream view in Washington is that the Dodd-Frank reforms are sufficient to handle the problem.

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New Chinese Law: Filial Piety

10:42am March 19, 2013

Filial Piety is the ancient Chinese ethic of young people showing care and respect to their parents and older relatives. Starting this summer if kids don't pay enough attention to their folks, mom and dad can sue. Bloomberg News reports this is part of a broader law requiring kids to care for the elderly.

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World News

Cyprus Proposes Exempting Smaller Deposits From Tax

10:42am March 19, 2013

The government of Cyprus is trying to ease fears over a proposed tax on bank deposits. Newly proposed legislation would exempt savers with smaller accounts. It's part of a bailout plan for that Mediterranean country, negotiated with the E.U. and IMF over the weekend.

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EU Bailout Tax Sparks Bank Run In Cyprus

10:08am March 19, 2013

Citizens of Cyprus did not react well to the news that their government wants to allow the European Union to take nearly 10 percent of their savings deposits in exchange for a $13 billion bailout. Banks are closed through Tuesday after worries over bank runs. Depositors stood in long lines to withdraw money over the weekend.

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Economy

As Consumers Jump Ship, News Outlets Shift Priorities

2:44pm March 18, 2013

Americans are abandoning their long-trusted news outlets in high numbers. According to a Pew Research Center report, 31 percent of Americans say they have deserted a particular news outlet because it no longer provides the information they want.

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News Corp. Education Tablet: For The Love Of Learning?

1:32pm March 18, 2013

by David Folkenflik

The Amplify tablet is specially designed for K-12 classroom interaction. While the company touts the ability to improve teaching and learning, critics have questioned News Corp.'s motives.

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Workers and labor organizers in New York City protest the alleged exploitation of students on J-1 summer work travel visas who worked at a Pennsylvania McDonald's, on Thursday.

Economy

U.S. Probes Abuse Allegations Under Worker Visa Program

12:38pm March 18, 2013

by Yuki Noguchi

Recent allegations that a McDonald's franchise abused students, who came to the U.S. on cultural guest work visas, is reactivating the debate about how immigration reform should deal with guest workers, and whether the State Department's efforts to curb abuse have failed.

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NCAA Tournament Contributes To Lost Productivity

12:38pm March 18, 2013

Every year the outplacement firm Challenger, Gray and Christmas studies how much the NCAA men's basketball tournament could cost employers. The firm predicts about 3 million Americans will spend one to three hours at work watching games.

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'Bankers' New Clothes' Leave Too Little Skin In The Game

6:50am March 15, 2013

by NPR Staff

Anat Admati, finance professor at Stanford and co-author of a new book on American banks, argues that banks carry too much debt and have too little equity. Government support allows them to hide their risky behavior, distorting the economy as a whole, she says.

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JPMorgan In Hot Seat Over London Whale Losses

5:12am March 15, 2013

by Jim Zarroli

Last year, JPMorgan Chase acknowledged that it lost $6.2 billion in a hedging strategy gone awry. The Senate Permanent Subcommittee on Investigations has spent months investigating how the losses occurred, and on Friday, it will publicly grill some of the executives involved.

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