ECONOMY

#MotorCityDrive: Is Detroit's Economic Engine Roaring Back To Life?

8:29pm May 21, 2015

by Michel Martin

Michel Martin heads to Detroit for a live conversation with some of the creative forces fueling the Motor City's economy. She'll ask: What's driving Detroit's future now?

'Fast-Track' Trade Authority Wins Key Test Vote In Senate

3:28pm May 21, 2015

by Scott Neuman

Lawmakers voted 62-38 to limit debate on a bill that would grant the authority to President Obama, marking a big step toward a new trade pact with 11 Asia-Pacific nations.

Clockwise from top left: Barclays, Citicorp, JPMorgan Chase and the Royal Bank of Scotland will pay billions in fines and plead guilty to criminally manipulating global currency market going back to 2007. The bank UBS AG (not pictured) has also agreed to

Economy

Big Banks Pay $5.6 Billion, Plead Guilty To Felonies Over Currency And Rate-Fixing

9:37am May 21, 2015

by Bill Chappell

In one exchange, a broker told a trader, "mate yur getting bloody good at this libor game ... think of me when yur on yur yacht in monaco."

Senate Panel Considers New Constraints On Fed's Emergency Lending

7:44am May 21, 2015

Renee Montagne talks to David Wessel about Congress, the Federal Reserve and banking regulations. Wessel is director of the Hutchins Center on Fiscal and Monetary Policy at the Brookings Institution.

Queue Listen Now

Among the topics: Would it be better to put the natural gas money in a rainy day fund or spend it now? If you do spend it, what's the most urgent need? Roads? Schools? Clinics?

It's Not A Come-On From A Cult. It's A New Kind Of Poll!

2:46pm May 20, 2015

by Nurith Aizenman

Tanzanians were skeptical when they were invited for a free trip to the big city to discuss natural gas policy. But it's actually an innovative strategy to involve ordinary citizens in key decisions.

Queue Listen Now

'Cartel' Of 4 Big Banks To Plead Guilty To Gaming The Exchange Rate

12:09pm May 20, 2015

by Jim Zarroli

Four banks agreed to plead guilty to currency manipulation and pay over $5 billion in fines. Officials say the banks used secret codes to manipulate the exchange rate between U.S. dollars and Euros.

Queue Listen Now

Pressure To Act Unethically Looms Over Wall Street, Survey Finds

7:06pm May 19, 2015

by John Ydstie

About half of the financial professionals surveyed say their competitors have behaved unethically or illegally to gain an advantage. And many say compensation and bonuses can create bad incentives.

Queue Listen Now

Why Turkish Motorists Can't Get A Break On Gas Prices

2:56pm May 19, 2015

by Peter Kenyon

Inflation is coming down and the foreign trade deficit is shrinking but Turks aren't seeing any relief at the pumps. Lower fuel costs have been undermined by the country's declining currency.

Queue Listen Now

Graduates of a training program pose for a portrait after a completion ceremony at the Center for Urban Families.

Group Makes Character Key Part Of Reducing Baltimore Unemployment

9:12pm May 18, 2015

by Jennifer Ludden

For years now, the Center for Urban Families has provided training in the city's poorest neighborhood. People don't just work on their resumes, but also attitude and life skills.

Queue Listen Now

To study the draft Trans-Pacific Partnership language, senators have to go to the basement of the Capitol and enter a secured, soundproof room and surrender their mobile devices.

A Trade Deal Read In Secret By Only A Few (Or Maybe None)

2:16pm May 18, 2015

by Ailsa Chang

To study the draft Trans-Pacific Partnership text, senators have to go to the basement of the Capitol and enter a secured, soundproof room and surrender their cellphones.

Queue Listen Now