NPR Headlines

Pages

Planet Money
5:49 pm
Wed December 18, 2013

A Tiny Taper, In 2 Graphs

Tapir
Flickr

In the past five years, the Federal Reserve has created roughly $3 trillion out of thin air.

The Fed uses the money it creates out of thin air to buy bonds. The idea is to drive down interest rates, which encourages people and businesses to borrow and spend money. It's called quantitative easing.

Read more
The Two-Way
5:46 pm
Wed December 18, 2013

Top SAC Capital Manager Guilty Of Insider Trading

Michael Steinberg (left) departs federal court in Manhattan on Wednesday after being found guilty on charges that he traded on insider information.
Lucas Jackson Reuters/Landov

Originally published on Wed December 18, 2013 7:42 pm

Michael Steinberg, a top portfolio manager at SAC Capital Advisors, has been found guilty of insider trading — the latest conviction stemming from a years-long federal investigation into the hedge fund's activities.

Steinberg was found guilty on five counts of conspiracy and securities fraud.

Reuters writes:

"Prosecutors said he traded on confidential information that was passed to him by an employee, who later admitted to swapping illegal tips with friends at other firms."

Read more
Politics
5:46 pm
Wed December 18, 2013

Push For Release Of CIA Interrogation Report Continues

Mark Udall of Colorado is one of the Democrats on the Senate Intelligence Committee pressing for the so-called torture report to be declassified.
Susan Walsh AP

Originally published on Wed December 18, 2013 7:31 pm

For more than a year, the Senate Intelligence Committee and the CIA have been engaged in a tug of war over the release of the so-called torture report.

Chairman Dianne Feinstein, a Democrat from California, says the $40 million, 6,000-page report demonstrates that CIA treatment of detainees was all but useless in terms of gathering actionable intelligence.

For its part, the CIA says the classified committee report contains significant errors and that no one at the agency was interviewed by Senate investigators.

Read more
Commentary
5:46 pm
Wed December 18, 2013

I Love To Shop, But Do I Have A Shopping Problem?

Sophie Varon loves to shop. But lately, she's been wondering if her shopping habit has become a shopping problem.
Brett Myers Youth Radio

Originally published on Thu December 19, 2013 10:36 am

Whether you love buying gifts or dread trips to the mall, good luck avoiding some kind of shopping during the holiday season. But I don't need the excuse of a holiday to get me to the stores. I'm obsessed with shopping.

The question is, am I a shopaholic? The technical term is "compulsive buyer," according to psychologist April Benson.

"Simply put," says Dr. Benson, compulsive buying is "when we spend so much time, energy and/or money shopping ... or even thinking about shopping and buying that it is impairing our life in a significant way."

Read more
It's All Politics
4:43 pm
Wed December 18, 2013

What Santa Gave Your Senator This Year

Sen. Al Franken, D-Minn.
Carolyn Kaster AP

Originally published on Wed December 18, 2013 7:12 pm

In a year that featured divisive fights over the budget, health care and presidential nominations, the United States Senate took a break from partisan bickering Tuesday night to get in the Christmas spirit.

Read more

Pages