Economy

Head Of The Federal Reserve Bank Of Richmond Resigns Over Improper Disclosure Of Information

5:18pm April 04, 2017

by John Ydstie

Jeffrey Lacker, president of the Federal Reserve Bank of Richmond, has resigned effective immediately over his role in the improper disclosure of confidential information to a financial analyst.

AFL-CIO President Richard Trumka speaks Tuesday at the National Press Club in Washington.

AFL-CIO's Trumka Says Both Parties Have Lost Focus On U.S. Workers

5:06pm April 04, 2017

by Yuki Noguchi

AFL-CIO President Richard Trumka laid out his vision for organized labor, taking on both political parties for catering to moneyed interests instead of concentrating on the plight of American workers.

Source: NBA Board Will Discuss Charlotte As All-Star Game Host

4:38pm April 04, 2017

by Brian Mahoney, Associated Press

A person with knowledge of the plans says the NBA will discuss whether to bring the 2019 All-Star Game to Charlotte at its Board of Governors meeting this week.

OSHA says a manager's report of suspected fraudulent activity was at least partly responsible for his firing. Here, pedestrians pass in front of a Wells Fargo bank branch in New York earlier this year.

Wells Fargo Will Fight OSHA Order To Pay Whistleblower $5.4 Million And Rehire Him

4:25pm April 04, 2017

by Bill Chappell

The bank says it will appeal OSHA's order that it should compensate a manager who reported suspicions of fraud at Wells Fargo.

President Trump and Chinese President Xi Jinping are expected to meet face to face this week at Trump's Mar-a-Lago resort in Florida.

Trump Administration Quietly Starts Review Of China's Trade Status

1:47pm April 04, 2017

by Chris Arnold

The move is surprising to U.S.-China watchers, and comes just days before President Trump is set to meet with Chinese President Xi Jinping in person for the first time.

A college degree can be the foundation for moving up in social classes.

A New Look At The Lasting Consequences Of Student Debt

9:43am April 04, 2017

by Anya Kamenetz

Going to college can boost your earning power, but having student debt hurts your chances of owning a home, according to a new report.

This Jan. 28, 2016 file photo shows a solitary confinement cell at New York City's Riker's Island jail. On March 31, 2016, a federal judge approved a sweeping plan to reduce solitary confinement in New York state prisons.

New York's Solitary Confinement Overhaul Gets Pushback From Union

7:00am April 04, 2017

by Brian Mann

Several states across the U.S. are curbing their use of solitary confinements in prison. But in New York, corrections officers say it's a necessary tool to keep the guards and prisons safe.

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Each autonomous vehicle has two Uber exployees in the front seat; one is ready to grab the wheel and apply a foot to the brake pedal, the other in the passenger seat, has a computer screen showing what the car's rooftop laser-bouncing radar is seeing.

Pittsburgh Offers Driving Lessons For Uber's Autonomous Cars

4:54pm April 03, 2017

Uber has been testing driverless cars in the city for the past six months. Local officials are happy for the investment the experiment brings and for the boost to the city's reputation as a tech hub.

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Author Looks To Other Countries To Rethink America's Complicated Tax Code

2:13pm April 03, 2017

When it comes to taxes, T.R. Reid says other countries have done "what the U.S. Congress evidently can't do — they've made it simple." His new book is A Fine Mess.

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Google self-driving cars are shown outside the Computer History Museum in Mountain View, Calif., in May 2014.

Self-Driving Cars Raise Questions About Who Carries Insurance

12:14pm April 03, 2017

by Yuki Noguchi

Currently, insurance rates are calculated based on drivers' claims histories and driving records. Driverless cars are expected to shift the liability toward carmakers. But it won't happen all at once.

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