Tag: business & economy
Average net worth of Congressmen and women now $913,000
A new report from the Washington Post has found that the net worth of a member of the House of Representatives has climbed 2.5 times in 25 years, while the net worth of Americans has been stagnant....
Environmental Protection Agency has rough 2011, shows uneven progress
Environmentalists swiped at the EPA for not doing enough to protect the environment and curb pollution, while conservatives say the agency is destroying American jobs. But they're poised to reveal some big decisions in 2012....
Conservative Christians lining up support for EPA rule on Mercury
Catholic and evangelical Christians are taking their fierce opposition to abortion and casting it in an environmental direction. They're rallying support for a new EPA rule to limit pollution from mercury....
Romania's loss is China's gain as Nokia moves manufacturing to Asia
Romania was thrilled when three years Nokia announced it would move its manufacturing to the eastern European country. But now, Nokia is packing up again and moving its facilities to China....
Bank of America agrees to pay $335M over discriminatory lending at Countrywide
To end a federal discriminatory lending lawsuit, Bank of America will pay the largest fine ever assessed in that sort of case, in connection with discriminatory lending practices by the Countrywide company it bought....
Children treated like slaves to produce supposedly 'fair-trade' cotton for Victoria's Secret
Many of the products sold at Victoria's Secret are said to contain 'fair-trade' cotton. But a new report from Bloomberg News found that that cotton is often planted and picked by children 13 and younger, who are forced to work like slaves....
U.S. teen pregnancies reaching record-low levels
As comprehensive sex education ramps up and the economy continues to sputter, more women are choosing not to get pregnant in their teens, sending the U.S. teen birth rate to low levels not seen in 70 years....
Britain's bankers ready for a brutal year to be over
Many who work in Britain's financial services sector are feeling the weight of public antipathy and failure and it's driven people to substance abuse and even illness. But they're unlikely to find much sympathy among an outraged public....
Dearborn community reflects on fallout from ad controversy on All-American Muslim show
The Dearborn community is talking more than ever about what the All-American Muslim show, filmed in its community, can teach us. The discussion has come in the wake of Lowe's decision to pull its ads from the show....
Some Russians long for the communal housing of the kommunalka
After the Bolshevik Revolution, communist leaders in Russia solved the urban housing crisis by seizing the luxury apartments of the rich and turning them into communal housing projects, the kommunalka. Each family got a room and then all the families, three, four, five of them, shared the kitchen and bathrooms. Some older Russians miss those times....
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