Dealers are extending loans to a growing number of people with weak credit, and more of them are having trouble making payments. The situation is evoking comparisons to the subprime mortgage boom.
The city's recruitment effort has a very different feel from years past as it tries to attract more diverse candidates. The force is 80 percent white; the population is more than 30 percent black.
Audie Cornish talks to Nicolette Gendron, a member of Kappa Alpha Beta Sorority at the University of Virginia and a writer for the C-Ville Weekly.
Maybe once and for all we can settle the whole "can money buy you happiness" conundrum.
The answer, once you do the regression analysis and adjust for other factors, is that having more money does reduce unhappiness, according to a study in the journal "Social Psychology & Personality Science."
But here's the catch: Having more money doesn't increase happiness.
Seems it all revolves around something social scientists call negativity bias, which states that we — being humans — are more likely to remember negative experiences over positive ones.
For 62 years, Saudi Arabia has been ruled by sons of the founder of the Kingdom, Abdul Aziz. Robert Siegel talks to Middle East specialist Joseph Braude about Saudi succession.
In his last speech of the Greek election campaign, Alexis Tsipras – youthful leader of the far-left Syriza party – rallied his supporters with fiery rhetoric. “Rise up, raise your fists, end this national humiliation and stop taking orders from abroad,” roared the potential next prime minister of Greece.
His words were aimed at Greek voters as well as the country’s biggest international creditors: the European Union and the International Monetary Fund. Tsipras is promising that if he wins power in Sunday’s vote, he will end Greece’s era of austerity. He pledges to roll back some public spending cuts imposed on the country by the EU and the IMF as part of a $280 billion bailout deal and says he will try to renegotiate and soften some terms of the loan agreements. This would put him on a collision course with Europe’s most powerful economy, Germany.
Many Greeks – including those who do not support Tsipras and his Syriza party – agree that the rest of Europe should cut Greece some slack.
“Austerity measures have brought us unemployment, poverty and unbearable social stress. The suicide rate has gone up by 40 percent,” says Dr. Dimitris Papademetriadis, a psychiatrist. “We believe the debt should be shared among our European partners. Being part of a European family means taking care of each other. That’s what family is all about.”
The trouble is that members of this family – the eurozone – don’t speak the same language. When the Greek prime minister went to Berlin and asked for “debt relief,” German leader Angela Merkel asked for the phrase to be translated. When it was, she said: “It doesn’t sound so good in German.”
In spite of Merkel’s lack of sympathy for Greece, the Greeks still seem to love the euro. A total of 92 percent are in favor of the eurozone, according to a recent poll. The mystery of this attachment deepens when you consider the impact of the EU/IMF austerity measures on the Greek economy. Output has shrunk by a quarter. Unemployment has soared to 27 percent. And 10 percent of Athenians depend on charities for their food.
Many economists argue that Greece’s problems have been exacerbated by eurozone membership because the country has been unable to make itself more competitive by devaluing its own currency .
Two powerful factors bolster Greek support for continued euro membership. First, many Greeks trust European officials and institutions more than their own politicians. And second, many fear the financial turmoil that crashing out of the single currency would entail. Former government minister Adonis Georgiadis says that exiting the eurozone would be like trying to change airlines midflight.
“You enter the plane and the plane is in the air, you cannot change your mind. If you open the door and say: I want to go to the other airline you will be destroyed. This is the euro. We entered. We stay,” he says.
If Syriza gets its hands on the controls in Sunday’s election, it could be one bumpy ride.
Robert Siegel talks to Maureen Sullivan, senior vice president of strategic services and chief strategy officer for Blue Cross Blue Shield Association, which did the study.
U.S. diplomats have wrapped up two days of talks with Cuban officials — the highest-level meeting in 35 years. The aim is to start talking through how to restore diplomatic relations following the historic warming of ties announced last month by President Obama and President Raul Castro.
Thousands of European men and women have traveled to Syria to fight, and some have returned home — possibly battle hardened. The concern is that they haven't come back to resume their lives, but instead have been dispatched by al Qaida or the so-called Islamic State to attack the West.
The White House is facing uncertainty in the wake of political turmoil in Yemen and political transition in Saudi Arabia.
The international criminal court in the Hague was founded to prosecute those who commit war crimes — particularly the crime of abducting and conscripting children as soldiers. But for the first time in that court's 15 year history, it's putting on trial a man who was once a victim of that same crime.
In the wake of attacks in Paris, part of the investigation into terror cells in Europe has led to Spain. One of the Paris gunmen, Amedy Coulibaly, is believed to have visited Madrid in the days before he burst into a kosher market, killing four people.
Joseph Sledge, now 70, spent 37 years in prison for a crime that a three-judge panel said today he did not commit.
Republican presidential contenders have converged in Des Moines for the Iowa Freedom Summit, an event hosted by conservative lightning rod Steve King.
In northwest Pakistan, a school has reopened after last month's Taliban attack that killed more than 130. Most all of the survivors chose to come back, but the healing will take years, they say.
As vessels become more porous, researchers say, they allow toxins in the bloodstream to reach, and damage, delicate brain cells and raise the risk for dementia.
A handful U.S. craft brewers are reviving an age-old way of making beer that was practically unthinkable a decade ago. Welcome to the wacky world of Brett, a local yeast can impart funky flavors.
It's the latest twist in a story that, to some, exemplifies the over-hyped talking points that often get blown out of proportion during the two-week wait for the Super Bowl.
Many of us take antibiotics when we get tummy troubles in developing countries. Scientists say this opens the door for a dangerous visitor in the GI tract. These microbes can stick around for months.
If you are someone who likes to hop a flight, kick back in your seat and start thumbing through a SkyMall catalog know this: Those days may be numbered.
With shrinking sales, SkyMall's parent company filed for Chapter 11. Turns out, the retailer famous for its Bigfoot Garden Yeti and other odd and assorted goods is facing too much competition from cellphones and tablets.
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