Federal Reserve Chairman Ben Bernanke speaks during a news conference in Washington on Dec. 12. Some economists worry the Fed has set the stage for inflation as well as stock and housing bubbles by keeping interest rates low.
The Federal Reserve continued to keep its foot on the accelerator in 2012, using unusual tactics to try to boost economic growth. But there's disagreement among economists about whether the Fed's policies were effective or whether the risks to the economy outweighed the rewards.
Originally published on Wed December 26, 2012 4:24 pm
A plaintiffs' attorney says Toyota Motor Corp. has reached a settlement exceeding $1 billion in a class-action lawsuit involving complaints of unintended acceleration in its vehicles. Robert Siegel talks with NPR's Sonari Glinton about the deal, which still needs a judge's approval.
Originally published on Thu December 27, 2012 4:27 am
Owners of Toyota vehicles that experienced sudden and unintended acceleration have reached a settlement that could require the carmaker to pay as much as $1.4 billion in claims, according to the auto maker and the law firm representing Toyota customers.
U.S. District Court Judge James Selna, at whose direction the many lawsuits over the "runaway car" fears were consolidated in 2010, will review the proposed settlement Friday.
Becoming a rock star has major implications — just ask John Mayer. The singer-songwriter's personal history and relationships are all public knowledge, thanks to the enormous media attention that the 34-year-old attracts. The attention in turn attracts trouble, but Mayer, who has just released his fifth solo studio album, tries to take it all in stride.
Bonnie Raitt is a blues-rock legend with nine Grammys and five platinum albums under her belt. Her rootsy and passionate take on everything blues — combined with her intimate understanding of composition, deft slide-guitar skills and soulful vocals — helped Raitt become an icon.
Katie Alonzo was stunned when doctors told her they couldn't get a drug her 10-year-old daughter, Abby, was taking to fight lymphoma.
"When a doctor says, 'This is what you need to take.' And then all of a sudden somebody tells you, 'Well, that is what you need to take but this isn't available so we're going to try this instead,' it's very scary," say Alonzo, who lives in Port St. Lucie, Fla.
In 2007, when Virginia's Prince William County ordered police to check the immigration status of anyone they had "probable cause" to suspect was in the U.S. unlawfully, the impact was swift at family restaurant Ricos Tacos Moya.
"Suddenly nobody showed up," says Stacey Moya, an employee, and daughter of the owner. "Nobody was around. Not one soul. We would go hours without any customers, any clients. Nothing."