The NAACP, the nation's oldest civil rights organization, holds its annual convention in Houston this week. As in any election season, the group is focused on voting rights and voter turnout. But this year, there's another issue that's front of mind: the dramatically high rate of unemployment rate among African-Americans.
Presidential candidate Mitt Romney will address the NAACP convention on Wednesday, and Vice President Joe Biden is scheduled to speak the following day. NAACP members are ready to hear their plans.
Many of us were introduced to the term LIBOR for the first time this week, when it was revealed that some banks might have been manipulating the dull but vital interest rates to gain an edge in the market.
"I will be outspent." This simple phrase headed an email President Obama recently sent to supporters.
"We can be outspent and still win," the message read. "But we can't be outspent 10 to 1 and still win." Obama asked for donations of as little as $3 to compete against the deep pockets of Republican challenger Mitt Romney and the super political action committees that back him.
SIMON: Last Saturday, NPR's Jennifer Ludden introduced us to 30-year-old Michelle Holshue, as part of NPR's "American Dream" series. Ms. Holshue graduated with $140,000 in student loan debt just as the recession hit. She worries she'll never be able to own a home, or raise a family.
The city of Scranton, Pa., sent out paychecks to its employees Friday, like it does every two weeks. But this time the checks were much smaller than usual. Mayor Chris Doherty has reduced everyone's pay — including his own — to the state's minimum wage: $7.25 an hour.
Doherty says his city has run out of money.
Scranton has had financial troubles for a couple of decades — the town has been losing population since the end of World War II. But the budget problems became more serious in recent months as the mayor and the city council fought over how to balance the budget.