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4:05 am
Thu June 21, 2012

Why Your 401(k) May Be Worth Less Than You Think

Credit iStockphoto.com
The Labor Department will mandate that 401(k) plan providers disclose more information about the fees they charge.

Originally published on Thu June 21, 2012 3:26 pm

As Americans watched their nest eggs sink during the Great Recession, many wondered whether they would ever be able to retire. Come this fall, millions of workers who invest in 401(k)s will learn their plans are probably worth even less than they thought.

"Fees take away from the accumulated savings of your lifetime," says Mary Beth Franklin, a contributing editor at InvestmentNews.

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Crisis In The Housing Market
4:03 am
Thu June 21, 2012

Bidders Get Feisty Over Foreclosed Homes

Originally published on Thu June 21, 2012 6:21 am

For-sale homes in California are sparse, even in areas with high foreclosure rates. It has led to buyers like Jennifer Bryant, who is willing to throw money at just about anyone willing to sell her a house.

Since February, Bryant has made 35 offers on homes in Riverside, only to be elbowed out by other bids. With few houses available and many bidders chasing these properties, she feels she has, at most, an hour to consider each house.

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American Dreams: Then And Now
3:50 am
Thu June 21, 2012

Native American Comic Living The 'Indigenous Dream'

Credit Courtesy of Charlie Hill
Comedian Charlie Hill says he's achieved the American dream, but that it's been out of reach for many fellow Native Americans.

Originally published on Thu June 21, 2012 9:53 am

Asia
3:36 am
Thu June 21, 2012

In Pakistan's Anti-Corruption War, A Lonely Warrior

Originally published on Thu June 21, 2012 10:35 pm

Pakistan's National Assembly has been summoned to elect a new prime minister for the fragile coalition of President Asif Ali Zardari. A consensus candidate, current Textile Industry Minister Makhdoom Shahabuddin, emerged soon after the Supreme Court's dramatic firing of outgoing Premier Yusuf Reza Gilani.

The court disqualified Gilani from office this week for defying court orders to pursue dormant corruption charges against President Zardari.

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Latin America
1:31 am
Thu June 21, 2012

Mexico's Youth Make Voices Heard Ahead Of Vote

Credit Eduardo Verdugo / AP
A man wearing a mask holds up a machete during a protest in May against a possible return of the old ruling Institutional Revolutionary Party in Mexico City.

Originally published on Thu June 21, 2012 7:55 am

Mexicans go to the polls July 1 to choose their next president, and polls show that voters seem inclined to embrace the past. The center-left Institutional Revolutionary Party, or PRI, which ruled the country for more than seven decades before being ousted 12 years ago, holds a solid lead.

But Mexico's young are making their voices heard: Some fear a return of authoritarian rule; others simply want jobs.

Making Noise

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The Two-Way
6:51 pm
Wed June 20, 2012

On The First Day Of Summer, It's Blazing Hot In The Northeast

Credit Steven Senne / AP
Four-year-old Solaris Arias, of Providence, R.I., right, jumps through water spraying from an open fire hydrant on Wednesday.

Today is the summer solstice in the western hemisphere: It marks the longest day of the year and also marks the first day of summer.

That's pretty obvious in the northeast today. Here in Washington, D.C., it's still 97 degrees and it's almost 7 p.m. The AP reports that New York City, Boston and Philadelphia all hit the 90s.

The AP adds:

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Election 2012
6:24 pm
Wed June 20, 2012

Hill Republicans Tight-Lipped On Immigration Change

Credit J. Scott Applewhite / AP
House Speaker John Boehner, R-Ohio (left) and Senate Minority Leader Mitch McConnell, R-Ky., on Capitol Hill in February. Republicans have been quick to criticize the president for bypassing Congress with his immigration action, but they've been unusually silent on the policy itself.

Originally published on Wed June 20, 2012 7:59 pm

Nearly a week has gone by since President Obama announced a new immigration policy that could halt the deportation of some 800,000 young people brought to the country illegally.

While Republicans on Capitol Hill were quick to criticize the president for bypassing Congress, they've been unusually silent on the question of whether these illegal immigrants should be getting such a break.

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Economy
6:23 pm
Wed June 20, 2012

Fed Extends 'Operation Twist' — So What Is It?

Transcript

ROBERT SIEGEL, HOST:

Well, if like me, you're more than a little mystified by Operation Twist, the Federal Reserve policy that's being extended, join me now for a four-minute tutorial. We've got a very classy tutor, economics professor Alan Blinder of Princeton, who is a former Fed vice chairman. Welcome back to the program.

ALAN BLINDER: Thanks very much, Robert.

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World
6:23 pm
Wed June 20, 2012

Time At Oxford Spurred Suu Kyi's Burma Activism

Credit Lefteris Pitarakis / AP
Aung San Suu Kyi finally received her honorary degree from Oxford University after it was initially awarded in 1993. In her speech, Suu Kyi praised Oxford for helping her see humankind at its best during her long years under house arrest in Myanmar.

Originally published on Wed June 20, 2012 9:16 pm

Aung San Suu Kyi would probably not be the symbol of Burma's quest for democracy without her experiences at Oxford University. She studied there in the 1960s and raised a family there in the '70s.

Suu Kyi returned to her alma mater Wednesday to receive the honorary degree she was unable to collect for more than a decade while under house arrest.

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Politics
6:23 pm
Wed June 20, 2012

Economy One Of Biggest Issues For Latino Voters

Transcript

ROBERT SIEGEL, HOST:

What do the Latino officials want to hear? Well, we're joined by Arturo Vargas, who is the executive director of NALEO. Hi, welcome to the program.

ARTURO VARGAS: Hello.

SIEGEL: And first, is the policy that President Obama announced last week about deportations, does that effectively counter concerns in your group about his policy of deportations of people said to be criminals?

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Energy
6:23 pm
Wed June 20, 2012

Senate Votes To Keep Mercury Limits On Power Plants

Transcript

MELISSA BLOCK, HOST:

This is ALL THINGS CONSIDERED from NPR News. I'm Melissa Block.

ROBERT SIEGEL, HOST:

And I'm Robert Siegel.

The Senate has narrowly rejected an effort to scrap tough limits on mercury emitted from power plants. The Obama administration has trumpeted the rules affecting coal-burning power plants as an environmental triumph. But to industry groups, and many Republicans, these rules are the latest salvo in a war against coal. NPR's Tamara Keith reports.

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Energy
6:23 pm
Wed June 20, 2012

Offline Nuclear Plant Squeezes Energy Access In Calif.

Transcript

MELISSA BLOCK, HOST:

One power plant in particular is on the minds of many here in Southern California. It's the San Onofre nuclear plant, roughly 60 miles south of Los Angeles. The plant was shut down back in January because of a leak that released a small amount of radioactive steam. It's been off-line ever since. And this week, nuclear regulators called what led to the leak, a significant, serious safety issue.

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The Two-Way
5:59 pm
Wed June 20, 2012

PHOTOS: A Scene From A Greek Wildfire

We were stunned by the photographs coming out of a wildfire near Athens today. They were taken by Angelos Tzortzinis after a fire that burned inside an air force base.

The AP moved a story about it, earlier today. But Tzortzinis found that the fire had also affected an encampment of Romas and took these haunting images for the Agence France Presse:

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The Two-Way
5:35 pm
Wed June 20, 2012

Some Zoo Animals Drown Because Of Flooding In Minnesota

Originally published on Wed June 20, 2012 5:50 pm

Minnesota is seing the worst flooding in decades. Heavy flooding in Duluth caused the evacuations of homes and also caused the death 11 zoo animals at the Superior Zoo in Duluth.

Minnesota Public Radio reports that two seals escaped from their exhibits. MPR reports:

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Economy
5:34 pm
Wed June 20, 2012

Federal Reserve Cuts Back U.S. Growth Forecast

Originally published on Wed June 20, 2012 6:23 pm

Transcript

ROBERT SIEGEL, HOST:

From NPR News, this ALL THINGS CONSIDERED. I'm Robert Siegel in Washington, D.C.

MELISSA BLOCK, HOST:

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