Hear NPR's Marilyn Geewax's Interview With Professor Sheldon Garon
The 2008 financial crisis made it clear: Americans save too little, spend too much and borrow excessively, says Princeton professor Sheldon Garon. In Western Europe and East Asia, governments aggressively encourage people to save through special savings institutions and savings campaigns.
Garon has just released a new book, Beyond Our Means: Why America Spends While the World Saves. He discussed his findings with NPR:
The settlement was first reported by the Charleston Gazette, and some details were confirmed by NPR. A private briefing about the settlement is scheduled Tuesday morning for the families of the victims. A public announcement is set later in the morning.
The list of "trending topics" on the right side of Twitter's home page is a coveted spot because millions of people see it. It often reflects what's hot in the news, from the death of Steve Jobs to Kim Kardashian's latest exploits.
Sometimes a topic that seems hot, like Occupy Wall Street, doesn't trend, leading some activists to charge Twitter with censorship. But the complex algorithms that determine trending topics are intended to find what's trending in the moment, and not what's been around for a long time.
Once, the much-loved 2007 Irish indie, was kind of the little movie musical that could. Made on a shoestring budget in Dublin, it starred songwriters Glen Hansard and Marketa Irglova as thinly veiled versions of themselves, and it was as much about the love of making music as it was about the budding but unfulfilled love between the two central characters.
President Obama will try Tuesday to follow in the footsteps of Teddy Roosevelt when he delivers an economic speech in Osawatomie, Kan., the same city where Roosevelt issued a famous call for a "New Nationalism" more than 100 years ago.
For Obama, this is a "connect-the-dots" speech. White House spokesman Jay Carney said it's a chance to show how the president's various economic proposals — from stricter banking oversight to payroll tax cuts — fit together, as Obama prepares for a re-election battle.
First of a two-part series on California's climate policies
California is about to try a radical experiment. A little over a year from now, the state will limit the greenhouse gas emissions from factories and power plants, and, eventually, emissions from vehicles.
The U.S. Congress tried to pass a similar plan for the whole country but dropped the idea last year.
Coming after Gen X and Gen Y, the next generation of young people have been called "Gen Wrong Place, Wrong Time." With unemployment and college costs both sky-high and the housing market in collapse, young people today are facing extraordinary economic uncertainty.
Perhaps nowhere is that more clear than in a small town like East Millinocket, Maine.
The public corruption saga of former Illinois Governor Rod Blagojevich is nearing an end. Earlier this year, he was found guilty of 18 counts of corruption, including trying to sell the U.S. Senate seat once held by President Obama. Today, a federal judge begins a hearing to determine Blagojevich's sentence. NPR's Cheryl Corley reports.
On November 28th, elections were held in the Democratic Republic of Congo. They were only the second democratic polls in the nation's turbulent half-century of independence, and even before voters went to the polls there were signs that all was not well.
STEVE INSKEEP, HOST:
Violence marred the run-up to the actual voting day, so polling was extended in some areas up to three days. Opposition candidates said the election itself was tainted.