Two people, five years, five layoffs For many people, losing a job is as devastating emotionally as it is financially. Imagine it repeatedly. And then imagine it happening to your spouse, as well. For Al and Michelle Ford, the Great Recession started well before it became a nationwide crisis.6:40 a.m.
What, If Anything, Will Speed Economic Recovery?
Despite a constant flow of economic setbacks at home and abroad, the U.S. economy has been growing. But it hasn't been growing swiftly or adding many jobs. Steve Inskeep talks with David Wessel of The Wall Street Journal, and Zanny Minton Beddoes of The Economist, about how the U.S. will generate economic growth in the future.
House To Debate Balanced Budget Amendment
The House of Representatives is set to debate this week a constitutional amendment requiring a balanced federal budget each year. It's part of the same mandate of this summer's debt ceiling law that more famously requires Congress to slash $1.2 trillion from the deficit or face automatic, across-the-board cuts.
Austrian School Economist Hayek Finds New Fans
Austrian economist Friedrich Hayek's arguments for free-market capitalism and against socialism and central planning made him a popular figure in 1940s America — and again today. His book got a boost last year when Glenn Beck discussed it on air. But some say Hayek and his book are misunderstood.
As Iraq Hostilities End, Fate Of Combatant Unclear
Ali Mussa Daqduq, a senior explosives expert from Hezbollah, has been held as an enemy combatant since he was captured by American troops five years ago. But once U.S. troops withdraw from Iraq, authorities face a choice about the future of enemy combatants: prosecute them, release them or send them home.
Former Penn State Coach Tells NBC He's Innocent
The former Penn State football coach accused of sexually abusing young boys was interviewed on NBC Monday night. In an interview with Bob Costas, Jerry Sandusky denied he was a pedophile.
Controversial Keystone KL Pipeline To Be Rerouted
The Canadian company that wants to build an oil pipeline from Alberta to the Gulf of Mexico says it will shift its route. Monday's announcement came after President Obama said he would delay a decision to approve the $7 billion project. Nebraska residents were concerned about the pipeline running through an environmentally sensitive area, and possibly contaminating water supplies.
Wharton Professor Cautions FHA May Need A Bailout
The Federal Housing Administration issues its annual report to Congress Tueday. A professor at the University of Pennsylvania's Wharton School is warning the FHA's problems are worse than the agency is letting on. Joseph Gyourko predicts that taxpayers will have to provide another bailout if the economy doesn't improve soon.
'Batman' Video Game Aims To Get More Of Your Cash
The video game Batman: Arkham City is one of the hottest titles of the year. Its publisher, Warner Brothers, has found additional ways to make extra money from its sales. Renee Montagne talks to Kill Screen magazine co-founder Jamin Warren about the industry's creative business models.
Canada Switches To Plastic For $100 Bills
Some flexible, polymer notes begin to circulate this week in Canada. The notes are supposed to last longer, and foil counterfeiters. About 30 other countries have shifted to plastic bills.