High tech transit emerging in the woods Increasing demand and uncertain budgets have rural Minnesota transit systems looking to combine technology and personal service to become more efficient.7:25 a.m.
Some Housing Markets Rebound, But Bargains Scarce
The real estate market has turned around in some parts of the U.S., but many buyers aren't seeing true bargains anymore. Investors are driving up prices, and inventory is low, especially for homes priced under $250,000. That's not great news for anyone hoping to buy an affordable house to live in.
Siemens Changes Its Culture: No More Bribes
Wal-Mart remains under a cloud after The New York Times reported the retailers expansion in Mexico involved systematic bribes. To get a sense of how that might play out, Steve Inskeep talks to Peter Solmssen, a managing board member and general counsel for Siemens. The German engineering and electronics conglomerate was involved in its own bribery scandal.
Discovering The True Cost Of At-Home Caregiving
Few people want to turn over a loved one to institutional care. No matter how good the nursing home, it may seem cold and impersonal — and very expensive. But making the choice to provide care yourself is fraught with financial risks and personal sacrifices.
Workers Turned Caregivers Lose More Than Wages
The average caregiver is 49 years old. Cheryl Matheis, senior vice president for policy at AARP, tells Steve Inskeep when a worker has to leave their job to care for a relative, they lose on average $325,000 in lifetime income — from lost wages, Social Security and pensions.
British Parliament Issues Phone-Hacking Report
A group of lawmakers investigating Britain's phone-hacking scandal have published a report on how the crisis was handled. The report could be detrimental to News Corp. CEO Rupert Murdoch and his son James. The investigation exposed cozy ties between media elites and politicians.
Microsoft, Barnes & Noble Take On Digital Rivals
Microsoft and Barnes & Noble are teaming up to compete in digital books and tablet computing. The companies have announced Microsoft will invest $300 million in a new Barnes & Noble digital division. The announcement sent Barnes and Noble stock soaring.
Economy Puts Value Of Liberal Arts Under Scrutiny
Small, private liberal arts colleges are looking at changing economic realities and beginning to worry about how they will survive. Small classes and close relationships with faculty mean high tuition. And it's tough to defend the value of English and philosophy degrees in a tight job market.
Bank Of America To Lay Off More Workers
The nation's second-largest bank is planning to layoff about 2,000 people at its investment banking, commercial banking and wealth management units, according to The Wall Street Journal. The cuts are notable because they include high earning employees in operations that account for most of Bank of America's profits since the financial crisis.
N.H. To The Unemployed: Try An Unpaid Internship
Employers are wary of taking a gamble on new full-time employees. But New Hampshire is making the situation less risky — for companies, at least. A state program allows them to train people part time for six weeks without having to pay them.
As Portfolios Recover, More Workers Retire At 65
Many older baby boomers — those already 65 — are choosing to go ahead with retirement rather than wait. That's according to a study by MetLife, which says 45 percent of 65 year olds described themselves as "fully retired." Only 5 percent retired later than planned.