Economy

Updating The Community Reinvestment Act Is Fraught With Disagreement

6:40am May 01, 2018

by Charles Lane

The 1970s law targets redlining in the banking industry. Regulators want to update the CRA so it reflects the way mobile banking has reshaped the industry. That's proving to be a difficult task.

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Economy

Michigan Releases Detroit From Financial Oversight

6:00am May 01, 2018

by Sandra Svoboda

The city has been monitored by the state of Michigan since December 2014, when city officials retook control after the largest municipal bankruptcy in U.S. history.

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Economy

Inflation Target Acquired

4:12pm April 30, 2018

The Federal Reserve has hit its inflation target. Now comes the hard part - staying at two percent.

Economy

The Homeless Count

4:21pm April 27, 2018

The homeless population in Los Angeles County has been skyrocketing. A team from USC tried to figure out why.

Analysts expected consumer spending growth to slow in the first quarter, curbing overall economic growth.

U.S. Economic Growth Slowed To 2.3 Percent

9:15am April 27, 2018

by John Ydstie

Consumers didn't keep up with the blistering pace of spending, which meant slower economic growth. But recently, growth has tended to pick up momentum later in the year.

Packages move down a conveyor system to the proper shipping area at the new Amazon Fulfillment Center in Sacramento, Calif., on Feb. 9. Amazon's profits, announced on Thursday, roughly tripled what analysts had been expecting.

Amazon Reports Huge Quarterly Profits, Hikes Prime Membership Fee

6:09am April 27, 2018

by Doreen McCallister

Amazon's first quarter sales reached $51 billion, a 43 percent increase over last year. Its net income was $1.6 billion. Amazon also increased its annual Prime membership fee to $119 a year from $99.

Renaissance Fair Health Care

5:59am April 27, 2018

by Dan Weissman

Many people who work at Renaissance fairs don't have health insurance. So workers developed a system to help out.

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"Being Not Rich at UM" is an over 80-page online guide to navigating college for low and middle-income students.

Economy

Navigating Campus For The 'Not Rich': Students Launch A Crowdsourced Guide

9:26pm April 26, 2018

by Ari Shapiro

At the University of Michigan, two students have created an online guidebook with tips for other low- and middle-income students trying to manage the high costs of college.

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Ford To Ditch Cars In North America, Focus On Trucks And SUVs

5:20pm April 26, 2018

by Sonari Glinton

Its pioneered the American auto industry with the mass market Model T. Now Ford is gutting its lineup of cars in the North America, saying it will sell only two models in 2020 as it focuses on trucks and SUVs.

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Capitalism's Comeback: Making America Great Again?

4:55pm April 26, 2018

Former fast food CEO Andrew Pudzer says the Trump administration is good for capitalism. And capitalism is good for all.