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Arts and Culture
Obama Lashes GOP, Holds Firm On Tax Hike For Rich
The president called on Congress to permanently extend certain tax credits for companies, allow businesses to write off all spending on expansion and improvements, and cut taxes for those who earn up to $250,000 a year.
Military Bans Video Game That 'Kills' U.S. Troops Medal of Honor by Electronic Arts, a major game developer based in Redwood City, Calif., hits stores Oct. 12. Gamers are scoffing at the decision, saying that advanced technology has made it commonplace in the gaming world to let players switch sides and play the bad guy.
Fed Sees Slower Growth; Consumer Borrowing Drops
The economy lost strength in late summer as factory production weakened in areas of the East Coast and Midwest. A Federal Reserve survey found the slower growth spreading to more regions of the country. The Fed also said that consumer borrowing fell again in July.
Obama Pitches Trio Of Economic Proposals
The package of infrastructure investments and business tax incentives is meant to put the economy on a path toward long-term growth while also allowing for some immediate job creation.
Critics Say LEED Program Doesn't Fulfill Promises
Fourteen federal departments and agencies, 34 states and more than 200 local governments now encourage or require LEED certification. But a New York apartment building owner says the green-building certification is awarded before energy savings are proved.
BP Report An Exercise In Finger-Pointing
Local officials and congressional investigators said BP was shirking responsibility by passing the blame in its internal report of the oil rig explosion in the Gulf. And companies that BP pointed a finger at were quick to point a finger back.
Tax Code Works To Some Companies' Advantage
The federal tax rate for U.S. corporations is nearly 40 percent, the second-highest among industrialized nations. Critics say the best way to create jobs would be to lower it. But others say various tax breaks, exemptions and deductions have some paying far lower taxes.
Businesses Wonder How Much Tax Breaks Will Help
In his latest attempt to help the economy, President Obama is proposing a new round of tax breaks for businesses. But it's unclear whether companies would rush out to take advantage of them. And even if they did, would the incentives really create jobs?
BP Report Shares Blame For Rig Explosion
BP has released the results of an in-house investigation into the causes of the blowout at its well in Gulf of Mexico on April 20. The report identifies eight separate failures -- either of equipment or human judgment -- that led to the disaster.
Expert: In U.S., Student Loans Trump Credit Card Debt
Americans now owe more in student loan debt than they do for all credit card debt, according to a recent report published by the financial aid information website FinAid.org. Host Michel Martin talks to Mark Kantrowitz, publisher of the research, about why student loan debt has hit a record high
Investment Group Wants Students To Rethink College Loans
Forking out thousands of dollars for a college education has long been viewed as conventional wisdom when it comes to investing in career paths that bring stability and long-term financial security. But what if there were a different logic applied to financing a college education. Host Michel Martin talks to Neoga Leviner, who leads the investment group Lumni, about her organization of creative, non-traditional alternatives to paying for college.
BP Report Blames Multiple Companies For Gulf Spill
The oil giant's 193-page report says a sequence of failures led to the massive Gulf of Mexico spill that fouled waters and shorelines for months. The company's findings are far from the final word on possible causes of the explosion that sank the Deepwater Horizon drill rig.
Why Did The Rich Get So Much Richer?
The very rich take home a much bigger chunk of the nation's income than they did a few decades ago. Slate's Timothy Noah is rolling out a big project trying to figure out why.
The New Republic: Word Games Of The Collapse
Economists have been calling the state of our economy a "recession." "Not so," argues John B. Judis of The New Republic. We are in a "depression," and those terms have real-life consequences.
National Review: 'Targeted' Stimulus Has Bad Aim
President Obama's new round of stimulus spending is intended to grow our infrastructure by using tax credits "targeted" to small business owners. But the editors of the National Review argue that temporary and targeted tax relief is not enough to sustain the economy. Real growth will only come with real reform.
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