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'Forbes' Editor: Credit Crisis Not Over Yet
Lehman Brothers' decision to declare bankruptcy has rocked Wall Street. Bob Lenzner, national editor at Forbes magazine, says he feels like he's watching a boxing match because there have been many rounds of financial failures beginning with the subprime market. He believes the credit crisis is not over yet.
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Sen. Shelby Against Current Rescue Package
Members of the Senate Banking Committee heard Tuesday from Treasury Secretary Henry Paulson and Fed Chairman Ben Bernanke. Senator Richard Shelby of Alabama, the ranking Republican on the committee, says he won't vote for the plan the way it stands now. He believes it will have to be reconfigured to pass because there are too many unanswered questions.
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Wal-Mart Heir's Bid for Art Riles Philadelphians
A bid by Wal-Mart heiress Alice Walton to purchase the 1875 Thomas Eakins painting "The Gross Clinic" is causing an outcry in Philadelphia, where many consider it part of the city's cultural landscape. Walton, ranked by Forbes as the world's ninth-richest person, is building a museum of American art in Bentonville, Ark.
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James Baldwin, Taking a Hard Look at History
James Baldwin took a long, hard look at race and history in his major poem "Staggerlee Wonders." Baldwin was among the many poets who visited with public radio host Henry Lyman on Poems to a Listener.
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Karzai's Fresh Start With Obama Administration
Afghan President Hamid Karzai wrapped up talks with the Obama administration and visiting officials from Pakistan Friday, sounding confident that all three governments will work better together to counter extremism. Karzai came to power during the Bush administration and was initially given a cold shoulder by many members of President Obama's team. But Karzai says that's changing.
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4:20
Our Summer Writing Contest: What A Response!
Three thousand and counting. That's how many of your original short stories we've received so far in our Three-Minute Fiction summer writing contest. Here are some of our favorites.
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5:21
Aid Coordinator Says Situation Is Dire in Myanmar
Jean Sebastian Matte, the emergency coordinator for Doctors Without Borders, says many people in Myanmar who are in desperate need of aid haven't received any. While there has been no outbreak of disease yet, he says that respiratory illnesses and diarrhea are growing more common in the storm-ravaged country.
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Federal Reserve Tries To Get Credit Moving Again
The government announced Tuesday that it plans to buy huge amounts of short-term debts from companies. The Fed will buy "commercial paper," a short-term financing mechanism that many companies use to finance their day-to-day operations, like meeting payroll or purchasing supplies.
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Labor Department to release clues as to how hot the summer job market may be
The Labor Department reports Friday on job growth in the month of May. Many employers say they're still hiring, but they're not as desperate for workers as they were at this time last year.
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3:43
Hiding in the Hills Along Afghan-Pakistan Border
Pakistani officials say they believe there are about 600 al Qaeda militants along the mountainous frontier with Afghanistan. Many are Arabs and their families who first settled in the region in the 1980s, when they came to wage a Jihad against the Soviet occupation of Afghanistan. NPR's Philip Reeves speaks with two women of Arab origin who hid in the hills along the frontier.
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