Economy
5:29 am
Tue May 15, 2012

Fact Checking Data On The Boomerang Generation

Originally published on Tue May 15, 2012 9:51 am

Transcript

STEVE INSKEEP, HOST:

The fact-checking organization PolitiFact looked into a shocking claim in a political ad. The ad said 85 percent of recent college graduates are moving back in with their parents. There was a reason for the ad to make that claim. PolitiFact found that 85 percent figure has been repeated by CNN, the New York Post, U.S. News, and more news organizations. The number fits the notion of a boomerang generation, thrown back home by the economy.

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Business
4:45 am
Tue May 15, 2012

The Last Word In business

Originally published on Tue May 15, 2012 9:51 am

Transcript

DAVID GREENE, HOST:

And our last word in business: the passenger door is now closed. Please make sure all your electronic devices have been switched off.

If you're sick of those rules on planes, well, they may be changing a bit. Virgin Atlantic has announced passengers on their new Airbus will soon be able to chat on their mobile phones.

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Business
4:45 am
Tue May 15, 2012

Facebook Raises Anticipated Stock Price

Originally published on Tue May 15, 2012 9:51 am

Transcript

STEVE INSKEEP, HOST:

NPR's business news starts with a price hike for Facebook shares.

(SOUNDBITE OF MUSIC)

INSKEEP: OK, they're not even on sale yet, but investor excitement over Facebook's upcoming initial public offering has prompted the company to raise the price range for its shares. Sources say the new range will be from $34 to $38 per share. That's up from a previous range of $28 to $35.

NPR Story
4:45 am
Tue May 15, 2012

The Latest On JPMorgan Chase

Originally published on Tue May 15, 2012 9:51 am

Transcript

STEVE INSKEEP, HOST:

It's MORNING EDITION from NPR News. Good morning. I'm Steve Inskeep.

DAVID GREENE, HOST:

And I'm David Greene.

JP Morgan Chase has long had the reputation of being one of the better managed big banks in the country. So how did it make a $2 billion blunder and what does it tell us about banking today, nearly five years after the onset of the financial crisis? When such questions are looming, we often turn to David Wessel, economics editor of The Wall Street Journal.

And, David, welcome back to the program.

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NPR Story
4:45 am
Tue May 15, 2012

California Budget Deficit Grows

Originally published on Tue May 15, 2012 9:51 am

Transcript

STEVE INSKEEP, HOST:

California Governor Jerry Brown wants to convince voters to accept two things they don't like: higher taxes and deep spending cuts. The Democrat proposed a budget yesterday which would only be the start of the pain. The other part would come in November with a ballot measure to raise taxes and spare education. Capital Public Radio's Ben Adler reports from Sacramento.

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Business
4:45 am
Tue May 15, 2012

LightSquared Files For Bankruptcy Protection

Originally published on Tue May 15, 2012 9:51 am

Transcript

DAVID GREENE, HOST:

Lightsquared, a company that had hoped to build a nationwide wireless broadband network, has filed for bankruptcy. Its plans ran afoul of government regulators who said the new network would interfere with Global Positioning System, or GPS, signals.

NPR's Richard Gonzales has the story.

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Election 2012
4:45 am
Tue May 15, 2012

Obama Ad Blasts Romney's Time At Bain Capital

Originally published on Tue May 15, 2012 9:51 am

The Obama re-election committee on Monday released a two-minute ad taking aim at Republican rival Mitt Romney's record at the private equity firm Bain Capital. The ad challenges Romney's claim that his business experience qualifies him to turn the economy around.

Election 2012
4:09 am
Tue May 15, 2012

JPMorgan's Loss A Gain For Campaign Positioning

The U.S. and JPMorgan Chase flags wave outside its headquarters in New York on Friday.
Eduardo Munoz Reuters /Landov

Originally published on Tue May 15, 2012 9:51 am

The fallout from banking giant JPMorgan Chase's $2 billion — and counting — loss has made its way into the presidential campaign. The president and presumptive GOP challenger Mitt Romney have very different views about the regulation of Wall Street, in particular the Dodd-Frank financial systems overhaul law.

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Family Matters: The Money Squeeze
3:07 am
Tue May 15, 2012

Paying For College: More Tough Decisions

Kelley Hawkins (center) smiles at her daughter Carley (left) as her other daughter, Chelsea (right), looks on, in their family home in Harrisburg, Pa.
Kainaz Amaria NPR

Originally published on Wed May 23, 2012 10:48 am

Middle age is prime time for saving money. From your late 40s through early 60s, you're supposed to squirrel away cash to cope with health care costs in your old age.

But for millions of Americans, middle age also is the time when children are seeking help with higher-education bills, and elderly parents may be needing assistance with daily care.

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Your Money
3:06 am
Tue May 15, 2012

Canada's Housing Market Booms; Experts See Trouble

Canada's real estate market is one of the hottest in the developed world.
Mike Cassese Reuters /Landov

Originally published on Tue May 15, 2012 9:51 am

Housing prices are going through the roof in Canada. The real estate market there is one of the hottest in the developed world. In Toronto, prices increased 10 percent in March alone. The average detached house in the city costs more than $600,000.

That has economists and the government worried that Canada is experiencing a housing bubble that's about to burst.

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