Investigation and foreclosure targets dozens of Minneapolis rentals The number of foreclosures in Minneapolis has been dropping for the last several months, but the statistics show that more than 20 properties owned by an investor group went into foreclosure last month. This week, the city will begin revoking most of the rental licenses from these homes.5:47 p.m.
Amid Huge Losses, AIG Gets Another Lifeline
The federal government is providing insurance giant American International Group with an additional $30 billion and easing its repayment terms. The company previously received an estimated $150 billion in aid. AIG reported a loss Monday of nearly $62 billion for the fourth quarter.
Bank Of America's CEO Admits 'Mistake'
Bank of America CEO Kenneth Lewis admitted to the Financial Times Monday that asking $20 billion from the government to help absorb losses at Merrill Lynch was a "tactical mistake." Lewis said $10 billion would have sufficed and that asking for the larger sum undermined confidence in the bank. Saskia Scholtes of the Financial Times talks about Lewis' comments.
American Student's Murder Trial Under Way In Italy
Defendants Amanda Knox, an American student from Seattle, and her Italian boyfriend, Raffaele Sollecito, are accused of sexually assaulting and stabbing to death Knox's British roommate, Meredith Kercher.
In Search Of Answers, Teachers Turn To Clickers
More teachers are equipping their classrooms with little keypads that let students instantly, and anonymously, answer questions. Teachers say the clickers are improving the quality of education, but some students feel like they're on a game show.
Donors Raise $5.2B For Gaza Reconstruction
Donors from around the world pledged Monday more than $5 billion to rebuild the Gaza Strip. Meeting in an Egyptian resort, they also urged the Palestinians to end their divisions and restart the peace process with Israel.
Experts Disagree Over Iran's Nuclear Intentions
Less than two months into the new administration, the debate over Iran's nuclear activities is intensifying. Numerous statements from senior officials suggest that some in the Obama administration may have concluded Iran is on the cusp of building its first nuclear weapon.
Letters: Toxic Mortgages, FDR, Harper's
Melissa Block and Robert Siegel read from listeners' comments on stories we aired about buying up toxic mortgages, letters written to FDR, and the 25th anniversary of the Harper's Index.
'Jewish Mark Twain' Shines In 'Wandering Stars'
Author and humorist Sholem Aleichem was a champion of the Yiddish language; his work inspired the Broadway musical Fiddler On The Roof. Now, 150 years after his birth, a new translation offers the first complete English version of his novel Wandering Stars.
Dow Slides To 11-Year Low
The Dow Jones industrial average fell Monday more than 3 percent, slipping below 7,000 for the first time since 1997. The markets are reacting to a variety of negative reports, everything from AIG's losses to Warren Buffett's comments over the weekend.
IMF Chief Backs Global Solution To Economic Crisis
The global economic crisis requires a global solution, and fixing what ails the world's banks will take time, says the head of the International Monetary Fund. A recovery should begin in the middle of next year, but that depends on the right policies being implemented, Dominique Strauss-Kahn tells NPR in an interview.