Business

1:02am

Thu April 26, 2012
Crisis In The Housing Market

For Some, 'Frustration' Over Mortgage Settlement

Originally published on Thu April 26, 2012 7:21 am

A sign stands in front of a bank-owned home in Las Vegas. Housing counselors say the $25 billion mortgage settlement between major banks and the states has yet to make an impact in communities around the U.S.
Jae C. Hong AP

Earlier this month, a judge approved a settlement between five major banks and nearly all of the state attorneys general. The banks admitted to taking shortcuts — or "robo-signing" documents — as they pushed through some foreclosures.

Most of the $25 billion settlement is supposed to go toward reducing mortgage payments for some troubled homeowners. But lots of other programs have promised to help struggling homeowners in the past, and results have been disappointing.

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2:14pm

Wed April 25, 2012
Business

The Wal-Mart Dilemma: When Is A Payment A Bribe?

Originally published on Thu April 26, 2012 8:10 am

A shopper examines produce at a Wal-Mart store in Mexico City. Wal-Mart's expansion into Mexico has been a major success, but its business practices have raised new questions.
Daniel Aguilar Getty Images

Allegations that Wal-Mart officials in Mexico paid local authorities to speed up permits to build new stores could result in a trial and a huge financial penalty under a U.S. anti-corruption law. But legal experts who spoke to NPR have their doubts it will ever come to that.

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1:14pm

Wed April 25, 2012
The Two-Way

Bernanke: Fed Remains Ready To Act, If Necessary

Originally published on Wed April 25, 2012 1:17 pm

Federal Reserve Chairman Ben Bernanke listens to a question from a reporter during a press briefing at the Federal Reserve building on Wednesday.
Mark Wilson Getty Images

Federal Reserve Chairman Ben Bernanke said the Fed is ready to implement "balance sheet actions if necessary."

That means if the Federal Open Market Committee feels that the economic recovery is in danger, it is ready to implement a third round of quantitative easing, or bond purchases intended to bring down long-term interest rates and spur borrowing and spending.

"If appropriate... we remain entirely prepared to take additional action," the chairman said. "We will not hesitate to use them."

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11:37am

Wed April 25, 2012
The Two-Way

Women's Rights Group Protests Facebook's All-Male Board

A group of women's rights activists are descending on Facebook's New York offices, today, to deliver what it says is an online petition from 53,000 people that demands Facebook add a woman to its board of directors before the company goes public.

In its petition, UltraViolet says that 58 percent of Facebook users are women, yet "despite the fact that women are responsible for most of Facebook's revenue and activity there currently is not a single woman on their board."

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10:50am

Wed April 25, 2012
Transportation

RTD Abandons Request For Sales Tax Increase [Updated]

The RTD Board of Governors vote puts a hybrid/BRT option on hold for the Northwest Corridor
Jim Hill KUNC

The Regional Transportation District Board of Governors voted Tuesday night not to ask for a .04% sales tax increase this November to fund FasTracks, effectively ending movement on a hybrid “rail/bus rapid transit” expansion of the system from Denver to Longmont.

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