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Updated: 1 hour 26 min ago

News Brief: North Korea Fires ICBM, Republican Tax Plan Gains Support, CFPB

Wed, 11/29/2017 - 4:19am

North Korea fired what the Pentagon says was an intercontinental ballistic missile for the third time in 2017. Also, GOP continues work on a tax overhaul and The Washington Post's Renae Merle on CFPB.

Judge Sides With Trump Administration In CFPB Leadership Fight

Wed, 11/29/2017 - 4:19am

David Greene talks with Renae Merle of The Washington Post about a federal judge's decision in favor of the Trump administration's pick to oversee the Consumer Financial Protection Bureau.

Trump Wins Opening Round In Legal Battle Over Consumer Watchdog Agency

Tue, 11/28/2017 - 4:52pm

The White House is seeking to assert control over the Consumer Financial Protection Bureau, which was created to help people in disputes with big financial firms, after its director resigned.

(Image credit: Jacquelyn Martin/AP)

Trump's Pick For Fed Signals Interest Rate Hike Likely Next Month

Tue, 11/28/2017 - 3:48pm

Jerome Powell's confirmation hearing went smoothly, putting him closer to being confirmed as the Federal Reserve's next chairman. He suggested he'll continue the policies pursued under Janet Yellen.

(Image credit: Alex Wong/Getty Images)

What Are Pass-Through Businesses And How Could The GOP Tax Plans Affect Them?

Tue, 11/28/2017 - 3:46pm

NPR's Robert Siegel talks with Joe Rosenberg, senior research associate at Urban-Brookings Tax Policy Institute, about pass-through businesses and how they might be affected by the tax plans presented by Senate and House Republicans.

How The Consumer Financial Protection Bureau Came Into Creation

Tue, 11/28/2017 - 3:46pm

Since its creating in 2010 following the financial crisis, the Consumer Financial Protection Bureau has been both ambitious and divisive. Democrats and activists groups say it's a crucial fighter against the power of Wall Street. Republicans say the CFPB is unaccountable and even unconstitutional. This week's standoff over the bureau's interim directors is the most visible case of a battle that has been brewing for years.

NPR Chief News Editor Departs After Harassment Allegations

Tue, 11/28/2017 - 2:55pm

"David Sweeney is no longer on staff," acting Senior Vice President of News Chris Turpin said in an email to staff. At least three female journalists have filed complaints against Sweeney.

(Image credit: Stephen Voss/NPR)

Arby's Is Buying Buffalo Wild Wings For More Than $2.4 Billion

Tue, 11/28/2017 - 1:37pm

The private equity firm behind Arby's says it will take Buffalo Wild Wings private and continue to operate it as an independent brand.

(Image credit: Chris O'Meara/AP)

In Japan, A Growing Scandal Over Companies Faking Product-Quality Data

Tue, 11/28/2017 - 12:29pm

A maker of materials used in airplanes and car parts admitted its customers were given falsified data on quality. It's the latest in a string of such incidents involving industrial giants.

(Image credit: Tory Yamanaka/AFP/Getty Images)

For China's High-Flying Tycoons, A Precarious Balance

Tue, 11/28/2017 - 9:23am

Last year, China produced 101 new billionaires. But some tycoons are falling from grace — whether due to corruption, debt or their own bad investments.

(Image credit: Jeff Chiu/AP)

Big Tobacco's Big Apology

Tue, 11/28/2017 - 9:06am

The tobacco industry is speaking the truth about cigarettes: 11 years after a federal court forced it to.

(Image credit: Jeff T. Green/Getty Images)

What The Upheaval At A Federal Consumer Watchdog Could Mean For Students

Tue, 11/28/2017 - 7:01am

The Consumer Financial Protection Bureau has been a clearinghouse for student borrower complaints. Its future is now in question.

(Image credit: Jacquelyn Martin/AP)

Senate's Tax Plan Faces A Number Of Hurdles Within Republican Party

Tue, 11/28/2017 - 6:46am

David Greene talks to GOP Sen. Pat Toomey of Pennsylvania, a member of the Senate finance and budget committees, about the tax overhaul that President Trump would like to have passed by Christmas.

Rep. Davidson: CFPB Has Been Fraught With Politicized Conduct

Tue, 11/28/2017 - 6:29am

Rachel Martin talks to Republican Rep. Warren Davidson of Ohio about control of the Consumer Financial Protection Bureau. NPR's Uri Berliner weighs in on the politics at the relatively new agency.

Sexual Harassment Cases Often Rejected By Courts

Tue, 11/28/2017 - 6:28am

Allegations of sexual harassment often sound like they would make a good lawsuit, but many such cases are quickly dismissed. The law sets a high bar for what constitutes sexual harassment.

(Image credit: Mark Ralston/AFP/Getty Images)

Congress Takes Aim At Tax Rules That Hit Hardest At Upper Middle Class

Tue, 11/28/2017 - 4:05am

The alternative minimum tax was designed to prevent very wealthy families from dodging taxes entirely. But its reach has grown over the years, and now it hits hardest at upper middle class workers.

(Image credit: Mandel Ngan/AFP/Getty Images)

Eliminating Alternative Minimum Tax Has A Downside, Analysts Say

Tue, 11/28/2017 - 4:05am

Republicans hope to do away with the Alternative Minimum Tax, which was created to ensure that the rich don't escape taxes with deductions. These days, it also hits many upper-middle-class families.

Time Inc. Sold To Meredith Corporation, Backed By Koch Brothers

Mon, 11/27/2017 - 3:38pm

Time Inc. announced on Sunday night that it had sold itself to the Meredith Corporation. It was in a deal backed by Charles G. and David H. Koch, the billionaire brothers known for using their wealth and political connections to advance conservative causes.

How Tech Companies Are Catering To Generation Z Teens

Mon, 11/27/2017 - 3:38pm

Kids born after 1995, also known as Generation Z, will make up 40 percent of consumers by 2020, and retailers are desperate for their attention. NPR's Kelly McEvers talks to Karl Haller, a partner with IBM's Global Consumer Industry team, about how much spending money is at stake and how other companies are competing with the tech giant.

Banks And Governments Paying Attention As Bitcoin Hits Record Highs

Mon, 11/27/2017 - 3:38pm

Over the past year, Bitcoin's price has gone up more than 900 percent. It's a level of growth unheard of in traditional investing markets. Now, banks, governments, and everyday people are wondering if Bitcoin is the future of money, a giant bubble ready to pop or something in between.

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