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Economy
11:53 am
Fri February 3, 2012

Have Economists Got It Wrong About The U.S.?

Federal Reserve Chairman Ben Bernanke pauses during a hearing before the House Budget Committee on Feb. 28, 2007.
Alex Wong Getty Images

Originally published on Fri June 22, 2012 9:23 am

Five years ago, a subprime mortgage firestorm was melting down the U.S. economy, but most analysts didn't see it happening.

Federal Reserve Chairman Ben Bernanke, testifying before Congress in February 2007, said the housing sector "is a concern, but at this point we don't see it as being a broad financial concern or a major factor in assessing the course of the economy."

If he and the vast majority of economists were blind to the economic and financial calamity taking shape then, could they also be missing the start of a huge economic boom now?

A boom? Really?

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Pop Culture
11:53 am
Fri February 3, 2012

3 Hidden Themes Of This Year's Super Bowl Ads

Many of this year's Super Bowl ads, like this one from CareerBuilders.com, play off our affection for animals.
CareerBuilders.com AP

Originally published on Sat February 4, 2012 8:01 am

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The Two-Way
11:40 am
Fri February 3, 2012

'Anonymous' Follows Hacking Of FBI-Scotland Yard Phone Call With Attacks

The Greek Ministry of Justice website after it was hacked earlier today.
Louisa Gouliamaki AFP/Getty Images

A day that began with the Anonymous hackers posting a nearly 17-minute recording of a conference call between officials of the FBI and Scotland Yard has been followed with some tweeted taunting of law enforcement and the news media, and the hacking of websites for the Greek Ministry of Justice, Boston Police Department and lawyers who defended a U.S. Marine at the center of the killing of 24 unarmed Iraqi civilians.

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It's All Politics
11:24 am
Fri February 3, 2012

If Romney Misspoke About 'Poor' Why Did He Later Repeat Statement?

Originally published on Fri February 3, 2012 1:10 pm

(Revised at 2:19 pm ET)

In an interview Thursday, Mitt Romney said he "misspoke" when he infamously said earlier in the week that he was not concerned about the very poor because they had a safety net, and the very rich but, instead, was focused on the middle class.

Speaking of the CNN interview that has caused Romney a world of trouble, the Republican presidential frontrunner told Jon Ralston of the Las Vegas Sun during an interview program called Face to Face:

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Health Care
10:56 am
Fri February 3, 2012

Komen Issues Apology In Planned Parenthood Flap

Originally published on Fri February 3, 2012 10:57 am

Transcript

(SOUNDBITE OF MUSIC)

RENEE MONTAGNE, HOST:

NPR's Business News starts with a reversal from the Komen Foundation. The Susan G. Komen For The Cure Foundation has just announced that it will not pull its funding for Planned Parenthood after all. The breast cancer charity endured a massive backlash when it announced, earlier this week, it would no longer give Planned Parenthood money for breast cancer screening. NPR's Julie Rovner joins us to explain the turnaround. And Julie, what exactly did the Komen Foundation say this morning?

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