JPMorgan Chase Settles Madoff Case For $1.7 Billion
JPMorgan Chase & Co. has agreed to pay $1.7 billion to settle criminal charges accusing the bank of ignoring obvious warning signs of Bernard Madoff's massive Ponzi scheme.
Business
Health Care Costs Grew More Slowly Than The Economy In 2012
Health care costs grew at 3.7 percent in 2012, the fourth year of a trend of smaller annual increases. The Obama administration says that the Affordable Care Act is a factor. But the actuaries who wrote the report beg to differ, saying the recession is a more likely cause.
CES 2014: Toothbrush? Bed? Car? Put Some Internet On It
The Consumer Electronics Show is the tech industry's annual electronics showcase in Las Vegas, where companies are showing off their latest and greatest gadgets, like Internet-connected toothbrushes (ideal for hygiene-concerned helicopter parents) and cars that come equipped with a 4G cell connection.
Tighter Access To 'Death Master File' Has Researchers Worried
The Social Security Administration has long kept track of deaths so it can stop checks when recipients die. And while researchers have used the file for years, fraudsters have, too. So Congress is limiting access to the data — and that has everyone from bankers to genealogists concerned.
Financial Benefits Of A College Degree Accumulate
It's been said that having more education usually leads to higher pay. A study suggests the advantage continues even into retirement years. That's in part because those with more education tend to stay in the work force longer.
Costs Climb As Sochi Winter Olympics Approaches
The Sochi Winter Olympics are on track to being the most expensive games in Olympic history. A $265 million ski jump, 42,000 hotel rooms and a $51 billion budget. It's been called a financial fiasco, as Josh Yaffa of Bloomberg Businessweek tells NPR's Arun Rath.
Piedmont Business Leaders to Watch in 2014
Strengthening the Piedmont's economy will require a new vision on multiple levels.
For The Unemployed, Ideas To Help Bridge The Gap To Work
More than 1 million people lost their unemployment benefits as 2014 began. Whether or not those benefits get extended, economists say there are ways to change the program that will make it work better. One suggestion is work sharing, which has helped reduce Germany's unemployment.
The Widening Wealth Gap: Bringing Income Inequality Into Focus
The widening gap between the rich and poor in the U.S. has become a central touch point for economists, pundits and politicians across the U.S. New York City's newly sworn-in mayor, Bill deBlasio, was elected after campaigning against a city divided between the haves and have-nots. President Obama has called tackling inequality the defining challenge of our time, saying that growing inequality and a lack of upward mobility jeopardizes the American dream. But what, exactly, is income inequality? Audie Cornish puts that question to Drew DeSilver, a senior writer for the Pew Research Center's Fact Tank blog.
Is It Legal For Undocumented Immigrant To Practice Law?
Opponents argue that admitting Sergio Garcia to the bar would violate a federal law prohibiting entities funded with state money from granting undocumented immigrants professional licenses. The California Supreme Court will hear oral arguments in the case on Wednesday.