An internal inquiry into the long-delayed ignition switch recall by General Motors found an 11-year "history of failures," CEO Mary Barra says. She announced the findings of an investigation into how the company handled a deadly defect with ignition switches at a Thursday morning news conference. (updated at 12:04 p.m.: added link to full report).
Federal border security agents have sharply reduced intercepts of general aviation aircraft, following complaints by pilots that excessive police action at small airports is restricting the freedom to fly.
An official with U.S. Customs and Border Protection's Office of Air and Marine Operations told NPR his agency has heard pilots' grievances and the program is being altered so as not to needlessly affront law-abiding pilots.
In recent years, more and more pilots have reported their aircraft stopped for warrantless searches by aggressive officers.
As hundreds of protesters loudly demanded higher wages outside McDonald's headquarters in suburban Chicago, the company's CEO told an audience inside that the fast-food giant has a heritage of providing opportunities that lead to "real careers."
"We believe we pay fair and competitive wages," Donald Thompson said at the company's annual meeting on Thursday.
We learn from life as we live it. This month Joe shares with us some important life tactics that he learned from a friend who recently passed away. The lessons all have to do with keeping our minds alert and learning from our mistakes. We must free our lives of clutter by getting things done. The best way to achieving a freer lifestyle is the Nike motto, "Just Do It." Take a look at this thoughtful video and see if the advice fits your lifestyle.
In honor of college graduation season, we made a graph. It answers a few questions we had: What is the mix of bachelor's degrees awarded today, and how has the mix changed over the past several decades?
Hover over the graph to see how the popularity of each category changes over time. Click or tap to see a category individually.
We often talk about income as if it's this fixed thing. Those people over there are the 1 percent. These over here live in poverty. That other group is the people in the top 20 percent. That's not the way it is.
Originally published on Thu March 13, 2014 2:56 pm
On Thursday, President Obama rolled out his plan for strengthening overtime pay protections for millions of workers. In his view, if more workers got fatter paychecks, they could spend more and stimulate the economy.
But if his critics are right, then employers would end up laying off workers to make up for the higher wage costs. And that would hurt the already painfully slow recovery.
Joe Chornyak uses a recent personal experience with being patient to illustrate a basic financial investment strategy. Markets today are volatile and more than likely always will be, but being patient and riding through the storm will always pay off in the long run. After the 2008 economic downturn markets eventually rebounded and hit record highs. Every market correction is different, and patience eventually pays off.
"The website of major bitcoin exchange Mt. Gox was offline Tuesday amid reports it suffered a debilitating theft, a new setback for efforts to gain legitimacy for the virtual currency," The Associated Press reports.
Originally published on Sat February 22, 2014 7:18 pm
The online magazine Ozy covers people, places and trends on the horizon. Co-founder Carlos Watson joins All Things Considered regularly to tell us about the site's latest feature stories.
This week, Watson talks with host Arun Rath about pay-as-you-go coffee shops popping up around the world that offer a place to work "without any kind of moral shame" or pressure to spend money on coffee and snacks.
They also discuss how the rise of the bioscience sector in Cleveland is revitalizing the city's economy.
Originally published on Fri February 21, 2014 10:04 am
Apple founder Steve Jobs, a man who probably did as much as anyone to set in motion the slow but steady demise of snail mail, will be featured on a U.S. postage stamp, according to a document from the Citizens' Stamp Advisory Committee.
Originally published on Fri February 21, 2014 10:36 am
In 1984, it cost $10,000 a year to go to Duke University. Today, it's $60,000 a year. "It's staggering," says Duke freshman Max Duncan, "especially considering that's for four years."
But according to Jim Roberts, executive vice provost at Duke, that's actually a discount. "We're investing on average about $90,000 in the education of each student," he says. Roberts is not alone in making the claim. In fact, it's one most elite research institutions point to when asked about rising tuition.
Originally published on Thu February 20, 2014 10:05 am
Back in 2012, reporter Kevin Roose went undercover at a very exclusive party.
It was a dinner for a secret society, held once a year, at the St. Regis hotel in New York City. The secret society is called Kappa Beta Phi, and it's made up of current and former Wall Street executives — people like Michael Bloomberg, former heads of Lehman Brothers, Bear Stearns, Goldman Sachs. And every year the group holds a dinner to induct new people into the group — they're called neophytes.
Originally published on Thu February 13, 2014 10:44 am
(We put a new top on this story at 9:25 a.m. ET and added an update at 10:15 a.m. ET.)
As NPR's David Folkenflik pointed out earlier today, Comcast's proposed $45 billion purchase of fellow cable company Time Warner will receive some scrutiny from federal officials. Here's some more about that part of the story: