ECONOMY

The Tricky Business Of Retirement: Hidden 401(K) Fees

2:04pm May 16, 2013

You could end up with a lot less savings at 65 than you ever anticipated because of fees charged by the financial institutions managing your retirement accounts. Robert Hiltonsmith, who researches retirement security, says those fees were disclosed to 401(k) plan participants until only recently.

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Yen's Drop In Value Could Fuel Curency War

5:16am May 16, 2013

by John Ydstie

Japan has embarked on a massive effort to stimulate its economy. Both the government and the central bank are collaborating to end a long period of stagnation and deflation. But the effects are also being felt outside Japan.

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The Philosophy, Economics Behind Sourcing Retail

10:11am May 11, 2013

Host Scott Simon talks to Michael Preysman, founder and CEO of Everlane, an online clothing retailer based in San Francisco that provides information to consumers about where its products are made.

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Federal employees demonstrate against the U.S. budget sequester, outside New York's Federal Plaza on Tuesday.

Furloughs Only The Latest Blow To Federal Worker Morale

5:51am May 09, 2013

by Yuki Noguchi

Government work was once synonymous with job security and stability. But these days furloughs, pay freezes and threats of further cuts are fomenting discontent. Some federal employees also say that public criticism of the federal government is also taking a toll.

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Nearly Three Years After Dodd-Frank, Reforms Happen Slowly

3:06pm May 08, 2013

The Wall Street Reform and Consumer Protection Act was a sweeping legislative package designed to prevent another financial collapse. Journalist Gary Rivlin says passing the bill was just a first step in a long road to real reform, and the financial system is as vulnerable to disaster it was in 2008.

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Portugal Struggles To Avoid 2nd Bailout

11:04am May 07, 2013

by Lauren Frayer

Portugal's creditors are evaluating the country's latest austerity package, which includes 30,000 public sector layoffs, to determine whether Lisbon might need a second international bailout. The Portuguese government is raising the retirement age and lengthening work weeks to try to squeeze out more revenue, and repay its bailout loans.

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"Sue," the Tyranosaurus rex skeleton, is one of the most famous exhibits at Chicago's Field Museum of Natural History

Chicago's Famed Field Museum Struggles To Dig Out Of A Hole

8:25pm May 06, 2013

by Cheryl Corley

The museum, already hard-hit by the economic crash, didn't meet projected fundraising and attendance numbers, and now must make up a $5 million budget deficit. The shortfall forced it to sell some items in its renowned collection.

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More Jobs, But Wait: They May Not Pay Much

11:53am May 04, 2013

by Sonari Glinton

While the economy added 165,000 jobs in April, a closer look shows that the biggest gains were in lower-paying fields like hospitality and temp agencies. And there's some question as to whether there will be enough jobs for students once the school year ends.

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Obama Encourages U.S., Mexico To Focus On Economic Relations

12:14pm May 03, 2013

by Carrie Kahn

President Barack Obama is in Mexico for talks with President Enrique Pena Nieto and a speech to young people. His trip aims to highlight the strong ties between the neighbors as well as the need for continuing cooperation on security and immigration matters.

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Construction workers move a framed wall into place at a new housing development in San Mateo, Calif.

Housing Recovery Lifts Other Sectors, Too

6:00pm May 02, 2013

by John Ydstie

Healthy increases in construction and home sales are boosting things like sales of pickups and landscaping, which, in turn, lead to more hiring. But federal budget cuts may undermine that momentum, economists say.

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