NPR News

Pages

The Two-Way
10:58 am
Thu June 7, 2012

Economy Is Poised For More Growth, But 'Fiscal Cliff' Looms, Bernanke Says

A word cloud of Federal Reserve Chairman Ben Bernanke's prepared testimony to the congressional Joint Economic Committee.
wordle.net

Originally published on Thu June 7, 2012 12:37 pm

"Economic growth appears poised to continue at a moderate pace over coming quarters," Federal Reserve Chairman Ben Bernanke is telling Congress this hour, and will be supported in part by additional "accommodative monetary policy" from the central bank.

While there's been a slowing in job growth, Bernanke says that Fed policymakers believe household spending has been "relatively well sustained" and are encouraged by "consumer spentiment [that is] ... up noticeably from its levels late last year."

Read more
The Two-Way
10:04 am
Thu June 7, 2012

Greek Unemployment Hits Record High, Is Nearly Double Eurozone Average

An elderly man walked by riot policemen guarding the Interior Ministry in Athens on Wednesday.
Kostas Tsironis AP

Originally published on Thu June 7, 2012 3:14 pm

  • Joanna Kakissis, reporting for NPR

(From Athens, correspondent Joanna Kakissis tells us about the latest news regarding the troubled Greek economy.)

Read more
The Two-Way
9:03 am
Thu June 7, 2012

Japanese Dock Reaches Oregon; Tsunami Debris Arriving Sooner Than Expected

A man looks at the massive dock from Japan that washed ashore on Oregon's Agate Beach this week.
Rick Bowmer AP

Originally published on Thu June 7, 2012 10:42 am

"A massive dock" that was washed away from a city on Japan's northeast coast by the devastating March 2011 tsunami landed this week on an Oregon beach. It's a warning sign that dangerous chunks of debris from that disaster are reaching the Pacific coast of the mainland U.S. much sooner than predicted, The Oregonian reports.

Read more
The Two-Way
8:42 am
Thu June 7, 2012

Jobless Claims Dipped Last Week

There were 377,000 first-time claims for unemployment insurance last week, down 12,000 from the week before, the Employment and Training Administration reports.

But in yet another mixed signal about how the economy's doing, that welcome dip is tempered by the fact that the "4-week moving average was 377,750, an increase of 1,750 from the previous week's revised average of 376,000." Economists watch that average because it offers a slightly larger look at the trend.

Read more
The Two-Way
8:17 am
Thu June 7, 2012

After Big Gain, Markets Look To Rise Again; All Eyes On Bernanke

Originally published on Thu June 7, 2012 10:21 am

Following up on one of the best rallies in months on Wednesday, stock index futures are pointing to a higher start today on Wall Street, Dow Jones Newswires says.

The Associated Press says there are "hopes that Europe is preparing to take action to tackle the region's financial crisis and that the Federal Reserve will consider additional support for the U.S. economy."

Read more
The Two-Way
7:54 am
Thu June 7, 2012

U.S. Is Running Out Of Patience With Pakistan, Panetta Says

Defense Secretary Leon Panetta earlier today in Kabul.
Shah Marai AFP/Getty Images

American officials are "reaching the limits of our patience" with Pakistan because that nation continues to allow terrorists to use its territory "as a safety net in order to conduct ... attacks on our forces," U.S. Defense Secretary Leon Panetta said today in Kabul, Afghanistan.

The Associated Press also writes that:

Read more
Around the Nation
7:34 am
Thu June 7, 2012

Ex-House Speakers Request To Be Cellmates

Two former House speakers in Pennsylvania are proving politics doesn't have to be partisan. Democrat Bill DeWeese was convicted on corruption charges and began serving time at a prison near Harrisburg. He was approached by his former legislative rival, Republican John Perzel to room together.

The Two-Way
7:25 am
Thu June 7, 2012

New Massacre Reported In Syria; Clinton Condemns 'Unconscionable' Acts

With reports coming out of Syria about another massacre, Secretary of State Hillary Rodham Clinton today used some of her sternest language yet about what she said is the Assad regime's "unconscionable" crackdown on the Syrian people. Reuters reports she said President Bashar Assad must cede all power and leave Syria.

Read more
Latin America
7:20 am
Thu June 7, 2012

Bicyclist Rides Super Tall Bike Around Cuba

Perched on his homemade bike, Felix Guirola rides around Havana. The bike is so tall; he can peer over buses and second-story windows. Hanging traffic lights do pose a problem.

Business
6:48 am
Thu June 7, 2012

Nasdaq To Pay For Botched Facebook Trades

Transcript

RENEE MONTAGNE, HOST:

NPR's business news starts with NASDAQ compensating clients.

(SOUNDBITE OF MUSIC)

MONTAGNE: The NASDAQ stock exchange will pay $40 million in compensation for botched trades that occurred during Facebook's initial public offering. NASDAQ clients lost millions of dollars on Facebook's May IPO because of computer glitches. The opening trade was delayed by more than half an hour, and many investors were unsure if their trades had gone through.

Read more

Pages