Neal Coleman and his wife, Rachel, are both in their mid-20s and attend graduate school at Indiana University in Bloomington, Ind. They say renting makes more sense for them and their young daughter until their family is a bit more settled. Courtesy of Neal Coleman Kristi Taylor can pinpoint the precise moment she let go of the dream of homeownership.
Wisconsin Republican Gov. Scott Walker (right) celebrates his win over Democratic challenger Tom Barrett at Tuesday night's victory party in Waukesha, Wis. Morry Gash / AP For weeks now, we in the news business have been telling you how much the Scott Walker recall election in Wisconsin matters to the country as a whole. My colleague Ken Rudin, the Political Junkie with whom I share the weekly podcast version of It's All Politics , and I have both compared the Wisconsin recall effort to the Spanish Civil War that immediately preceded World War II. Both served as a kind of dress rehearsal for the larger conflagration to come.
Slow economic growth in the U.S. is having an impact on many countries around the world. Here, people walk past a board flashing the Nikkei index on the Tokyo Stock Exchange in Japan last month. Toru Yamanaka / AFP/Getty Images The sputtering U.S. economy isn't just bad news for America, it's a drag on the global economic outlook as well.
Horrid. Lousy. Awful.
Petros Giannakouris / ASSOCIATED PRESS A decade ago, investors thought Greece would flourish on the euro. Money poured in, and banks started lending it out.
Unless leaders in Europe act quickly, the financial crisis there could drag down the global economy and kill what appears to be a "fragile, extremely uneven" recovery, the multi-national Organization for Economic Cooperation and Development warned today. In a stark report calling for action aimed at boosting and shoring up Europe's economies, OECD Chief Economist Pier Carlo Padoan warns that "the crisis in the euro zone remains the single biggest downside risk facing the global outlook." "Failure to act today could lead to a worsening of the European crisis and spillovers beyond the euro area," the report adds. The OECD calls on eurozone countries "to announce and commit to implement [economic and financial] reforms in a coordinated and parallel fashion, signalling enhanced coordination." The OECD also warns that the scheduled expiration of the so-called Bush tax cuts at the end of this year, combined with the end of "emergency unemployment benefits ...
People relax at a beach in Barcelona, Spain, on a Monday last summer. Many Spanish workers are upset that some traditional four-day holiday weekends might be scaled back to just three days. Manu Fernandez / AP
People walk past the Bank of Greece headquarters in Athens. Louisa Gouliamaki / AFP/Getty Images Euros are being drained out of Greek banks at a rate of up to $1 billion a day this week. In the wake of the country's election turmoil, depositors are nervous about the heightened possibility of a Greek exit from the euro. If that were to happen, euros left in Greek banks could be worth much less than euros outside the country. Former International Monetary Fund chief economist Simon Johnson believes that with the Greeks unable to form a government because of victories by anti-austerity parties, there's an 80 to 90 percent chance that the country will exit the euro.
People wait in a line at a job fair on April 10, 2012, in Gresham, Ore. Employment grew by 115,000 last month, but the unemployment rate dip was likely due to people leaving the workforce rather than people getting hired, analysts say. Rick Bowmer / AP For the second month in a row, weak job growth numbers unsettled nerves in the White House and on Wall Street.
Sorry! We can't seem to find the page you were looking for. Please visit the NPR Help Center to report this page as missing, or use the links below to continue your search.
Mourners gather at the spot in front of the Greek parliament in Athens where 77-year-old retired pharmacist Dimitris Christoulas shot and killed himself on April 4. Christoulas left a note saying he did not want to end up scrounging for food in garbage bins. Simela Pantzartzi / EPA/Landov The eurozone crisis has been under way for three years and has led to sharp welfare cutbacks and a credit crunch throughout the continent. But one of the most serious effects of the financial crisis has been an alarming spike in suicides in debt-burdened Greece, Ireland and Italy.
Stone Hedge, a 10,000-square-foot Detroit mansion built in 1915 is listed at less than $450,000. Jessica J. Trevino / Detroit Free Press Even before the financial crisis, Detroit was known for its undervalued real estate.