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Morning Edition
Friday, January 11, 2008

Minnesota Public Radio Stories


National Public Radio Stories

  • Fed Prepared to Lower Interest Rates
    Federal Reserve Chairman Ben Bernanke signals the Fed is ready to cut interest rates in the face of mounting risks to the U.S. economy. Rising unemployment, high oil prices and a decline in manufacturing pressure the White House to keep the economy from lapsing into recession.
  • Baltimore Blames Lender for Wave of Foreclosures
    A mortgage crisis in Baltimore has cost the city millions in lost property taxes. City leaders are suing lending giant Wells Fargo for the mess, saying that a wave of foreclosures has cost the city millions in lost property taxes and public investment. They're alleging that the company targeted black borrowers for credit on unfair terms.
  • Bank of America Pays $4B for Countrywide
    Bank of America Corp. agrees to buy Countrywide Financial for $4 billion, a deal that rescues the country's largest mortgage lender. It comes just months after Bank of America plugged $2 billion in Countrywide during the height of the summer's global credit crunch.
  • U.S. Improves Anbar by Partnering with Iraqis
    Anbar province is one of the biggest successes in the U.S.-led war in Iraq: security is greatly improved and there's talk of the area being handed back to the Iraqis. The improvement has everything to do with a relationship with the people.
  • Letters: Presidential Primaries and More
    Listeners primarily comment on presidential primaries. A South Carolina Democratic Party official corrects a report that said that independents won't be able to take part in the GOP primary. South Carolinians do not register by party. The pronunciation of "Appalachian" upsets one listener.
  • Hillary Clinton Turns to Nevada for Votes
    Democratic presidential candidate Hillary Clinton makes her first big swing through Nevada, which holds caucuses next week. Now that New Mexico Gov. Bill Richardson has dropped out of the race, Clinton has set her sights on Nevada's large number of Hispanic voters.
  • Bush Presses for Peace in the Middle East
    President Bush ends his visit to Israel and the Palestinian territories by describing basic principles of a peace agreement: establish Palestine as a homeland for the Palestinian people, just as Israel is a homeland for the Jewish people. He wants the two sides to agree within a year.
  • Naples, Italy Trashed by Garbage Crisis
    Garbage is piling up on the streets of Naples, Italy. Residents are angry about uncollected rubbish and battle police over access to a dump believed to be a serious health hazard. The crisis has become a national scandal for Italy.
  • American Express Hit by Slowing Economy
    One of the country's biggest credit card companies says the slowing economy is hurting its business. American Express says credit card charges began to tail off in December. It's also warning Wall Street that its profits will be lower as more cardholders fail to repay their debts.
  • The IRS May Issue Apologies — in Cash
    National Taxpayer Advocate Nina Olson, an independent voice at the IRS, suggests in her annual report to Congress that the agency should issue apology payments. The payments would only be issued when the agency excessively burdens or harms taxpayers.

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