According to a message sent to NPR's staff, the organization aims to reduce its number of employees by about 10 percent. There are currently 840 staffers. The board says it has a plan to balance NPR's budget in fiscal year 2015.
The Ig Nobel awards celebrate work that makes people think and laugh. Among this year's other winners are researchers who discovered that if a cow lies down it will likely soon stand up.
There's no evidence that it appeals to voters, but a pair of politicians gave the cameras an upthrust middle finger this week. The German candidate tweeted a defense of his gesture, saying: "Straight talk doesn't always need words."
SIFIs are companies whose demise could threaten the greater economy. Under Dodd-Frank, they are subjected to stricter regulatory monitoring than their smaller, less systemically important counterparts. Any bank holding company in the U.S. with at least $50 billion in assets is automatically a SIFI. Currently, 36 U.S. and foreign banks are on the list.
But Dodd-Frank also created the Financial Risk Oversight Council, tasked with identifying emerging threats to the economy and designating nonbank financial companies that are too big to fail. General Electric Capital and American International Group, the giant insurer that was bailed out a day after Lehman Brothers failed, were added to the list in July. In addition, FSOC has named eight financial market utilities, such as companies that are clearing houses for securities transactions, as SIFIs.
Want to know who made the too-big-to-fail list? Read below:
Bank Holding Companies (by asset size*):
Bank of America
Bank of New York Mellon
HSBC North America
PNC Financial Services
Capital One Finance
RBS Citizens Financial
Santander Holdings USA
NonBank Financial Companies:
General Electric Capital
Metlife (in the designation process)
Prudential Financial (in the designation process)
Financial Market Utilities:
Clearing House Payments
CLS Bank International
Chicago mercantile Exchange
Fixed Income Clearing
ICE Clear Credit
National Securities Clearing
Options Clearing Corporation
*as of June 30, 2013
Sources: Federal Reserve, Treasury Department
And here, in turn, are the number of banks that have failed in the last five years.
Lehman's Legacy: A TimelineFollow the key events before and after the Lehman Brothers collapse, and see how the financial crisis unfolded. Follow the timeline
People of the Jewish faith are seeking atonement during Yom Kippur, but one congregation is giving the holiday a new twist. Members are using social media to tweet for forgiveness. Host Michel Martin speaks with Cantor Debbi Ballard to find out how the process works.
Many Americans are now living longer, but one group is being left behind. The average life expectancy for white women who dropped out of high school is shorter than it was two decades ago. Host Michel Martin finds out more from Monica Potts, a journalist at The American Prospect.
It's been 75 years since the U.S. instituted a federal minimum wage, but the debate is as hot as ever. Host Michel Martin speaks with Brian Parker, owner of a Detroit-area fast food restaurant, who's decided to pay his employees double the minimum wage. Also joining them is NPR's business editor Marilyn Geewax.