Saying it is concerned that the economy won't be strong enough in coming months to keep adding jobs to the labor market, the Federal Reserve announced this afternoon that is increasing its efforts to give the economy a boost.
And in an unusually specific statement from the central bank, its policymakers said they expect to keep a key short-term interest rate at or near zero percent "as long as the unemployment rate remains above 6.5 percent."
Originally published on Wed December 12, 2012 12:18 pm
The caveats practically write themselves at this point: Top 10 lists are subjective and inherently insufficient to sum up any given year in music. They capture the opinions of one person and one person only — think "favorite," not "best" — and are bound to reflect not only individual tastes, but also individual experiences over the course of a given year.
It's ALL THINGS CONSIDERED from NPR News. I'm Audie Cornish.
ROBERT SIEGEL, HOST:
And I'm Robert Siegel.
Late today a federal bankruptcy judge gave the nod to a Chinese firm to buy a Massachusetts technology company. A123 Systems makes batteries for electric cars, but some in Congress are fighting to block the deal. Curt Nickisch reports from member station WBUR in Boston.
Originally published on Wed December 12, 2012 12:12 pm
India's government has approved an inquiry into Wal-Mart's lobbying activities in the U.S. as a heated debate over the retail giant's plans for stores in India moves into a new phase, NPR's Julie McCarthy tells us from New Delhi.
"First of all, it meant for me money, which I had never had."
Nigerian writer Wole Soyinka tells NPR's Tell Me More host Michel Martin that being the first black African to win the Nobel Prize in literature in 1986 was extremely lucky, especially for his pocket. The $290,000 in prize money gave him a life he had never dreamed of before. But that fame came with a cost.
I'm Michel Martin and this is TELL ME MORE from NPR News. Coming up in my Can I Just Tell You essay, I want to share some thoughts and some surprising facts about violence in relationships. That's in just a few minutes.
But, first, it's time for the Beauty Shop. That's where we get a fresh cut on the week's news with a panel of women writers, journalists and commentators.
This is TELL ME MORE from NPR News. I'm Michel Martin. Coming up, another young woman, a mother, has been killed by a man who supposedly loved or at least cared for her. That got us thinking about the political fight over the ways to address violence against women. We're going to talk about that with our panel of women commentators. We call it the Beauty Shop and it's coming up later in the program.
It's been one of those weeks that makes you not want to open the paper, not want to turn on the news. A young woman with a child in her arms was killed by the father of that child, who then flees and goes on to take his own life.
You might think I am talking about the Kansas City Chief's Jovan Belcher, who shot his girlfriend and his baby's mother, Kasandra Perkins, to death and then drove to the team's practice facility, where he took his own life. But incredibly, I'm not.