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Updated: 1 hour 22 min ago

GAO Report: Student Loan Forgiveness Will Cost Nearly $200 Billion

Thu, 12/01/2016 - 4:09am

The federal government is set to forgive more than $180 billion in student loan debt over the next few decades. That's according to a report out this week from the Government Accountability Office.

Amid Economic Crisis, Mongolians Risk Their Lives For Do-It-Yourself Mining

Thu, 12/01/2016 - 4:05am

Mining once boomed in Mongolia but as commodity prices fell, the economy tanked and companies went bankrupt. Unemployed men are taking over abandoned coal mines to extract what's left. Some have died.

Trump's Loans From Troubled German Bank Pose Conflict Of Interest

Thu, 12/01/2016 - 4:01am

His new hotel's $200 million renovation was financed by Deutsche Bank. The Justice Department is set to impose a multibillion-dollar fine on the bank. And Trump will oversee the Justice Department.

Grant Tinker, TV Producer And Network Boss, Dies At 90

Thu, 12/01/2016 - 1:41am

Tinker is best known for his work at MTM Enterprises which he founded with then-wife Mary Tyler Moore. As head of NBC, he led the network out of the cellar with hits such as The Cosby Show and Cheers.

Creator Of McDonald's Big Mac Dies At 98

Wed, 11/30/2016 - 5:25pm

Michael "Jim" Delligatti gave the world the famous sandwich. You know: two all-beef patties, special sauce, lettuce, cheese, pickles, onions on a sesame seed bun.

No Internet Connection? No Problem. Netflix Adds Offline Viewing

Wed, 11/30/2016 - 4:09pm

The video streaming giant joins Amazon in offering the option to download videos to mobile devices. It's the latest development in the highly competitive and rapidly changing online streaming market.

Trump's 'Interventionist Approach' To Economic Policy Presents Consequences

Wed, 11/30/2016 - 3:29pm

In light of Trump's deal with Carrier to keep jobs in the U.S., NPR's Ari Shapiro talks to Edward Alden, senior fellow with the Council on Foreign Relations and author of Failure to Adjust: How Americans Got Left Behind in the Global Economy, about the consequences of federal government intervention in the private sector.

Trump Strikes Deal With Carrier To Keep Jobs In U.S.

Wed, 11/30/2016 - 3:29pm

Carrier says it will keep about 1,000 jobs in Indiana instead of shifting production to Mexico. Donald Trump repeatedly singled out Carrier during his campaign and made stopping the move a priority. Now there is great interest in how Trump and Vice President-elect Mike Pence persuaded the company to reverse its decision.

Postelection Stock Market Rise Shocks Prominent Economists

Wed, 11/30/2016 - 3:29pm

Before the election, two prominent economists were predicting that the stock market would fall 12 percent lower if Trump won versus Clinton. But, as it often does, the market surprised everybody and went in the other direction.

Trump Says He Will Leave Business To Fully Focus On Presidency

Wed, 11/30/2016 - 3:29pm

President-elect Trump tweeted Wednesday morning that he is drafting "legal documents...[to] take me completely out of business operations." He said he will hold a press conference in two weeks with his children to explain it. Many ethics experts say he would need to liquidate all of his holdings and sell them to non-family members to avoid conflicts. At this point, his plans are unclear.

Trump's Ties To Deutsche Bank Present Possible Conflict Of Interest

Wed, 11/30/2016 - 3:29pm

NPR's Audie Cornish talks to Jesse Eisinger, a senior reporter for ProPublica covering Wall Street, about Trump's connections to Deutsche Bank.

Not A Hack: U.S. Office Of Government Ethics Tweets At Trump

Wed, 11/30/2016 - 3:24pm

In an odd sequence of events, the federal ethics watchdog praised Trump in a series of snarky tweets for allegedly deciding to divest his businesses — something he hasn't specifically promised.

OPEC Agrees To First Cut In Oil Production Since 2008

Wed, 11/30/2016 - 10:21am

With the cut, OPEC's production will drop by 1.2 million barrels daily to 32.5 million barrels. The deal takes effect at the start of 2017.

Trump Says He Will Pull Back From Businesses But Offers No Details Yet

Wed, 11/30/2016 - 8:26am

In a series of tweets, President-elect Donald Trump tried to tamp down growing concerns that he will not separate his vast global business interests from his role as head of the U.S. government.

Trump Taps Billionaire Investor Wilbur Ross For Commerce Secretary

Wed, 11/30/2016 - 6:29am

Wilbur Ross Jr. is a donor and longtime associate of Trump's. Ross has grown rich by buying troubled companies and restructuring them with layoffs and budget cuts.

Trump Picks Steve Mnuchin To Lead Treasury Department

Wed, 11/30/2016 - 6:16am

Mnuchin is a hedge fund CEO and longtime Wall Street banker. His involvement in the spike in foreclosures following the housing market's crash could complicate his confirmation.

ExxonMobil Vs. The World

Wed, 11/30/2016 - 4:13am

Oil companies once led in climate science; if they put a fraction of their profits into the search for alternative renewable fuels, they could ensure our collective well-being, says Marcelo Gleiser.

Former Commerce Secretary Gutierrez Weighs In On Free Trade, Cuba

Wed, 11/30/2016 - 4:07am

Steve Inskeep talks to Carlos Gutierrez, who served as Secretary of Commerce under George W. Bush, who discusses the future of free trade and U.S.-Cuba relations under President-elect Donald Trump.

Steve Mnuchin Expected To Lead Treasury In Trump Administration

Wed, 11/30/2016 - 4:07am

Steve Inskeep talks to David Wessel, director of the Hutchins Center at the Brookings Institution and a contributing correspondent to The Wall Street Journal, about Steve Mnuchin's qualifications.

Millions Of People Are Having An Easier Time Paying Medical Bills

Tue, 11/29/2016 - 11:02pm

The number of people who say they are struggling to pay medical bills has dropped by 13 million in the past five years, a study finds. An improving economy and the Affordable Care Act are why.

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