Reverbiage: Stories from NPR tagged 'collapse'

Dr. Doom Predicted The Economic Collapse

Wed, 07 Jan 2009 13:00:00 EST

There were some economists who saw the collapse coming. New York University economist Nouriel Roubini was labeled Dr. Doom for his prophetic warnings. What are these economists saying about the future now?

Fishermen Make Mad Dash For Dungeness Crab

Wed, 07 Jan 2009 00:05:00 EST

As many West Coast fisheries collapse, more fishermen are turning to the delectable Dungeness crab. It's one of the last thriving fisheries in California, but the winter race for the crabs means fewer fresh crabs on tables and smaller profits.

Firings Punctuate The End Of The NFL Season

Thu, 01 Jan 2009 13:16:00 EST

The NFL's 2008 regular season was marked by the crowning of the worst team in history — the Detroit Lions — and the spectacular collapse of Brett Favre's New York Jets. With failure on the field came firings of coaches from the front office of four teams.

Castro's Government Celebrates 50th Anniversary

Wed, 31 Dec 2008 13:00:00 EST

On New Year's Day, Cuba celebrates the 50th Anniversary of the "Triumphant Revolution" which brought Fidel Castro and his guerrilla movement to power. The celebration comes as Cuba faces its worst economic problems since the collapse of the Soviet Union.

Court In China Rejects Earthquake Lawsuit

Tue, 23 Dec 2008 16:00:00 EST

A court in southwest China has rejected a lawsuit brought by the parents of schoolchildren who died in the May 12 earthquake in Sichuan province. The suit alleged corruption and negligence in the collapse of a school where 129 children died.

Bush: Carmakers Will Get $17.4 Billion In Loans

Fri, 19 Dec 2008 09:08:00 EST

President Bush announced a rescue package for U.S. automakers Friday morning at the White House. The president said allowing the automakers to collapse would not be responsible.The ailing automakers will get $17.4 billion in loans. Bush said $13.4 billion will come from the $700 billion Wall Street bailout, and another $4 billion will come later.

Subtle Wording Keeps Banks From Going Under

Fri, 19 Dec 2008 06:00:00 EST

One of the crucial moments in the economic crisis came last month when Treasury Secretary Henry Paulson announced the government would help banks by purchasing billions of dollars of their stock. Paulson had previously opposed the idea but some people credit it with preventing financial collapse. Paulson only had authority to buy that stock because of some subtle wording that made it into the bailout bill.

Obama Names Marcy Schapiro For SEC

Thu, 18 Dec 2008 13:00:00 EST

Mary Schapiro has her work cut our for her. As President-elect Barack Obama's pick as head of the Securities and Exchange Committee, she's in charge of regulating and watching Wall Street — a position under heavy fire after the financial collapse in September.

Foreclosures Leave Trail Of Disaster In Las Vegas

Tue, 16 Dec 2008 13:00:00 EST

The collapse of the housing market is often described with the language of a natural disaster: tsunami, hurricane or earthquake. In Las Vegas, foreclosures run seven times the national average. A visit there reveals just how right on the natural disaster analogy is.

Automakers May Get White House Reprieve

Fri, 12 Dec 2008 16:43:00 EST

The White House has said it is ready to step in to a prevent the collapse of General Motors and Chrysler. But such a last-minute rescue is no more than a reprieve and questions about a more extensive bailout will be waiting for president-elect Barack Obama and the new Congress.

Autoworkers React To Bailout Collapse

Fri, 12 Dec 2008 16:19:00 EST

In the wake of talks over the auto bailout collapsing on Capitol Hill, auto workers in Detroit ponder their increasingly dismal fate. Many say the failure of the package in the Senate was a political attack by Republicans who blocked aid for Detroit automakers.

Treasury Department Offers To Help Automakers

Fri, 12 Dec 2008 13:00:00 EST

The Treasury Department has announced that it's ready to act to avoid a collapse of nation's three largest auto companies. Late last night, the U.S. Senate rejected a $14-billion-dollar loan to Chrysler, Ford and General Motors.

What Automaker Collapse Means For The Nation

Fri, 12 Dec 2008 13:00:00 EST

The auto industry is not getting the bailout it asked for. We explore the impact a bailout failure could have on the nation's economy.

Auto Bailout Stalls In Senate

Fri, 12 Dec 2008 09:00:00 EST

A proposed rescue plan for the American auto industry has failed in the Senate. Now, the White House says it will consider using funds from a federal bailout to help stop an industry-wide collapse. For more, Farai Chideya speaks with Jerome Vaughn, news program director for WDET in Detroit.

MBA Grads Struggling To Find Work

Wed, 10 Dec 2008 13:01:00 EST

For decades, the Master's in Business Administration was the key to a lucrative career. But the collapse of the banking and finance industries means fewer jobs and less pay right out of school. We speak with MBA students about the difficulties they're facing.

Why Congress' Reception Different For Automakers

Mon, 08 Dec 2008 06:00:00 EST

A lot of people have been asking why have Detroit's Big Three automakers have experienced such a different reception on Capital Hill than other sectors of the economy that are hurting. David Leonhardt, who writes about economics for The New York Times, tells Renee Montagne that one reason is banks can collapse overnight, while that's not true of the car industry.

Cholera Crisis Compounds Zimbabwe's Woes

Sat, 06 Dec 2008 15:23:00 EST

The government appealed for outside help this week in combating a cholera outbreak that has claimed close to 600 lives since August. The disease is symptomatic of the general collapse of infrastructure and services in Zimbabwe, including the breakdown of its public health system.

Where Did The Money In The Housing Market Go...

Fri, 05 Dec 2008 06:00:00 EST

Over the past year, the collapse of the U.S. housing market has left many homeowners dazed. Their biggest asset is suddenly worth thousands, or even hundreds of thousands of dollars, less than it was worth just a couple years ago. So where did all that money go?

The Man Who Predicted The Economic Meltdown

Thu, 04 Dec 2008 12:07:00 EST

As one in a small group of analysts who publicly predicted the collapse of the American financial system, Peter Schiff was a lonely — and much maligned — voice on cable's financial news shows.

Detroit's Big 3 Will Try Again To Get Federal Loans

Mon, 01 Dec 2008 06:00:00 EST

Executives from the top three U.S. automakers return to Washington this week. They're going to try, again, to convince Congress to give them federal loans. They say they need the money to avoid an industry collapse. Two weeks ago, Congress sent them away empty-handed. Some lawmakers were angry the carmakers didn't have a plan for how they would spend the $25 billion in low interest loans.

Bluefin Tuna On Edge Of Collapse, Scientists Say

Fri, 28 Nov 2008 17:13:00 EST

Many of the world's fish are heading toward commercial extinction. The next one to go could be the majestic Atlantic bluefin tuna. This week, an international committee meant to protect the species approved fishing levels that far exceed what scientists say is sustainable. Conservationists fear the remaining stocks of bluefin tuna in the Western Atlantic and Mediterranean could collapse completely.

GM Collapse Would Devastate Ohio Town

Tue, 25 Nov 2008 16:37:00 EST

If GM were to fail, one of the hardest-hit towns would be Lordstown, Ohio. Over the summer, the town learned it would be the site for the Chevy Cruze in 2010, but the concern now is whether GM will be around to make the Cruze without a bailout.

Who's To Blame For The Financial Meltdown...

Tue, 25 Nov 2008 13:00:00 EST

Wall Street is in a major crisis and nobody wants to take responsibility. So where did the economic collapse begin? New Yorker Magazine reporter John Cassidy discusses the anatomy of the financial collapse.

Auto Industry Jitters Drive Down Stock Prices

Thu, 20 Nov 2008 06:00:00 EST

Worry that the U.S. auto industry could collapse has added to recession jitters on Wall Street. The Dow Jones industrial average finished down nearly 430 points Wednesday, falling below the 8,000 mark — levels not seen since 2003.

Auto CEOs To Plead Case To House Committee

Wed, 19 Nov 2008 06:00:00 EST

Executives from Detroit's Big Three automakers are back on Capitol Hill — appearing before a House committee Wednesday. They pleaded with the Senate Banking Committee Tuesday for a $25 billion lifeline. They warned of a national economic catastrophe should they collapse, resulting in millions of layoffs. Dustin Dwyer reports for Michigan Radio.