Originally published on Mon September 10, 2012 8:59 am
Remember the dark days of 2008 when insurer American International Group Inc., better known as AIG, nearly collapsed under the weight of the mortgage crisis before Washington rode to the rescue to the tune of $182 billion?
Then there was the public outrage when AIG executives got millions in bonuses after receiving the largest of all of the Wall Street bailouts.
Since then, the New York-based insurance giant has been essentially a government-owned enterprise, with Uncle Sam holding a controlling share.
Originally published on Mon September 10, 2012 3:58 pm
Teachers in Chicago walked off the job Monday after contract negotiations fell through, leaving 400,000 students in the nation's third-largest district shut out of their classrooms.
Contract talks broke down late last night, and by Monday morning Chicago public school teachers, many wearing red T-shirts and carrying signs, were picketing around the city for the first time in a quarter-century.
Other than bluegrass virtuosos like Ricky Skaggs, players of the mandolin don't often get taken very seriously. But a young Israeli musician named Avi Avital is trying to change that. He's not a bluegrass star; instead, his mandolin sings with the sounds of Johann Sebastian Bach, Ernest Bloch and contemporary composers like Avner Dorman.
Public school teachers in Chicago, the nation's third largest school district, are on strike today. Contract talks went into late Sunday night but failed to reach an agreement, and this marks the end of 25 years of relative labor peace in Chicago, a city with strong unions. Becky Vevea of member station WBEZ reports.
And today's last word in business is: Tender Shoots.
That's one of the hot colors for Spring 2013, according to a statement from Pantone, the New Jersey color company that works with designers to decide the dominant hues for the fashion industry each season. And since it's fashion week in New York, we're paying attention to this.
Tender Shoots tops a list for women. Pantone describes it as vibrant yellow-green - invigorating, active and cheerful.
Good morning. I'm Renee Montagne. Delmar is one of the most popular surfing spots here in southern California. And yesterday it went to the dogs with the Seventh Annual Dog Surfing competition. Hundreds of canines and their owners paddled out. And then the dogs rode the surfboards back to shore. The North County Times reports the event may have set a record with 14 dogs riding the same wave. And it may have, since there are no dog surfing records. It's MORNING EDITION. Transcript provided by NPR, Copyright National Public Radio.
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And I'm Renee Montagne. The largest U.S. prison in Afghanistan - containing over 3,000 inmates - was handed over to Afghan control this morning. But the transfer was not without controversy. Several dozen prisoners, including some foreign terrorist suspects, were kept in American custody.