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World News

Cyprus Proposes Exempting Smaller Deposits From Tax

10:42am March 19, 2013

The government of Cyprus is trying to ease fears over a proposed tax on bank deposits. Newly proposed legislation would exempt savers with smaller accounts. It's part of a bailout plan for that Mediterranean country, negotiated with the E.U. and IMF over the weekend.

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EU Bailout Tax Sparks Bank Run In Cyprus

10:08am March 19, 2013

Citizens of Cyprus did not react well to the news that their government wants to allow the European Union to take nearly 10 percent of their savings deposits in exchange for a $13 billion bailout. Banks are closed through Tuesday after worries over bank runs. Depositors stood in long lines to withdraw money over the weekend.

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Economy

As Consumers Jump Ship, News Outlets Shift Priorities

2:44pm March 18, 2013

Americans are abandoning their long-trusted news outlets in high numbers. According to a Pew Research Center report, 31 percent of Americans say they have deserted a particular news outlet because it no longer provides the information they want.

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News Corp. Education Tablet: For The Love Of Learning?

1:32pm March 18, 2013

by David Folkenflik

The Amplify tablet is specially designed for K-12 classroom interaction. While the company touts the ability to improve teaching and learning, critics have questioned News Corp.'s motives.

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Workers and labor organizers in New York City protest the alleged exploitation of students on J-1 summer work travel visas who worked at a Pennsylvania McDonald's, on Thursday.

Economy

U.S. Probes Abuse Allegations Under Worker Visa Program

12:38pm March 18, 2013

by Yuki Noguchi

Recent allegations that a McDonald's franchise abused students, who came to the U.S. on cultural guest work visas, is reactivating the debate about how immigration reform should deal with guest workers, and whether the State Department's efforts to curb abuse have failed.

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NCAA Tournament Contributes To Lost Productivity

12:38pm March 18, 2013

Every year the outplacement firm Challenger, Gray and Christmas studies how much the NCAA men's basketball tournament could cost employers. The firm predicts about 3 million Americans will spend one to three hours at work watching games.

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'Bankers' New Clothes' Leave Too Little Skin In The Game

6:50am March 15, 2013

by NPR Staff

Anat Admati, finance professor at Stanford and co-author of a new book on American banks, argues that banks carry too much debt and have too little equity. Government support allows them to hide their risky behavior, distorting the economy as a whole, she says.

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JPMorgan In Hot Seat Over London Whale Losses

5:12am March 15, 2013

by Jim Zarroli

Last year, JPMorgan Chase acknowledged that it lost $6.2 billion in a hedging strategy gone awry. The Senate Permanent Subcommittee on Investigations has spent months investigating how the losses occurred, and on Friday, it will publicly grill some of the executives involved.

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Jake Tapper Takes A Host Chair At CNN

3:24pm March 14, 2013

The veteran reporter has recently moved from ABC News to CNN where he now hosts his own show and serves as Chief Washington Correspondent. In Part II of this interview, Tapper talks about fact-checking the Swift Boat Veterans for Truth and blow back from the White House after asking tough questions.

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Cars at the GM Heritage Center in Sterling Heights, Mich., include a 1951 Le Sabre concept, at left.

Economy

GM's Archive Offers Glimpse Of Its Past And Future

1:12pm March 14, 2013

by Sonari Glinton

After more than 100 years of ups and downs, General Motors has a lot of history. Most of GM's history is in the form of cars — hundreds of actual individual cars. The company tries to keep at least two of each car in storage. NPR's Sonari Glinton went on a walk through GM's attic to find out about the company's past and future.

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