Your Money
3:05 am
Thu June 21, 2012

Why Your 401(k) May Be Worth Less Than You Think

The Labor Department will mandate that 401(k) plan providers disclose more information about the fees they charge.
iStockphoto.com

Originally published on Thu June 21, 2012 2:26 pm

As Americans watched their nest eggs sink during the Great Recession, many wondered whether they would ever be able to retire. Come this fall, millions of workers who invest in 401(k)s will learn their plans are probably worth even less than they thought.

"Fees take away from the accumulated savings of your lifetime," says Mary Beth Franklin, a contributing editor at InvestmentNews.

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Crisis In The Housing Market
3:03 am
Thu June 21, 2012

Bidders Get Feisty Over Foreclosed Homes

Daily auctions are held on foreclosed properties in front of the county courthouse in Corona, Calif. About 80 bidders, representing investors, show up to bid on properties.
Yuki Noguchi NPR

Originally published on Thu June 21, 2012 5:21 am

For-sale homes in California are sparse, even in areas with high foreclosure rates. It has led to buyers like Jennifer Bryant, who is willing to throw money at just about anyone willing to sell her a house.

Since February, Bryant has made 35 offers on homes in Riverside, only to be elbowed out by other bids. With few houses available and many bidders chasing these properties, she feels she has, at most, an hour to consider each house.

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American Dreams: Then And Now
2:50 am
Thu June 21, 2012

Native American Comic Living The 'Indigenous Dream'

Comedian Charlie Hill says he's achieved the American dream, but that it's been out of reach for many fellow Native Americans.
Courtesy of Charlie Hill

Originally published on Thu June 21, 2012 8:53 am

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Julie McCarthy has traveled the world as an international correspondent for NPR, heading NPR's Tokyo bureau, reporting from Europe, Africa and the Middle East, and covering the news and issues of South America. McCarthy is currently NPR's correspondent based in New Delhi, India.

In April 2009, McCarthy moved to Islamabad to open NPR's first permanent bureau in Pakistan. Before moving to Islamabad, McCarthy was NPR's South America correspondent based in Rio de Janeiro, Brazil. McCarthy covered the Middle East for NPR from 2002 to 2005, when she was dispatched to report on the Israeli incursion into the West Bank.

Asia
2:36 am
Thu June 21, 2012

In Pakistan's Anti-Corruption War, A Lonely Warrior

Retired senior police investigator Zafar Qureshi, 59, stands outside his home in Lahore, Pakistan, where security guards are stationed 24 hours a day. The former police official has probed some of the highest profile cases of official misconduct in Pakistan, and says he fears for his safety and that of his children in a country that he says is steeped in a "culture of corruption."
Julie McCarthy NPR

Originally published on Thu June 21, 2012 9:35 pm

Pakistan's National Assembly has been summoned to elect a new prime minister for the fragile coalition of President Asif Ali Zardari. A consensus candidate, current Textile Industry Minister Makhdoom Shahabuddin, emerged soon after the Supreme Court's dramatic firing of outgoing Premier Yusuf Reza Gilani.

The court disqualified Gilani from office this week for defying court orders to pursue dormant corruption charges against President Zardari.

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Latin America
12:31 am
Thu June 21, 2012

Mexico's Youth Make Voices Heard Ahead Of Vote

A man wearing a mask holds up a machete during a protest in May against a possible return of the old ruling Institutional Revolutionary Party in Mexico City.
Eduardo Verdugo AP

Originally published on Thu June 21, 2012 6:55 am

Mexicans go to the polls July 1 to choose their next president, and polls show that voters seem inclined to embrace the past. The center-left Institutional Revolutionary Party, or PRI, which ruled the country for more than seven decades before being ousted 12 years ago, holds a solid lead.

But Mexico's young are making their voices heard: Some fear a return of authoritarian rule; others simply want jobs.

Making Noise

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John Ydstie has covered the economy, Wall Street and the federal budget for NPR for two decades. In recent years NPR has broadened his responsibilities, making use of his reporting and interviewing skills to cover major stories like the aftermath of 9/11, Hurricane Katrina and the Jack Abramoff lobbying scandal. His current focus is reporting on the global financial crisis. Ydstie is also a regular guest host on the NPR news programs Morning Edition, All Things Considered, Weekend Edition and Talk of the Nation.

Tamara Keith is a NPR White House Correspondent. She is especially focused on matters related to the economy and the Federal budget.

Prior to moving into her current role in January 2014, she was a Congressional Correspondent covering Congress with an emphasis on the budget, taxes and the ongoing fiscal fights. During the Republican presidential primaries she covered Herman Cain, Newt Gingrich in South Carolina, and traveled with Mitt Romney leading into the primaries in Colorado and Ohio, among other states. She began covering congress in August 2011.

The Two-Way
5:51 pm
Wed June 20, 2012

On The First Day Of Summer, It's Blazing Hot In The Northeast

Four-year-old Solaris Arias, of Providence, R.I., right, jumps through water spraying from an open fire hydrant on Wednesday.
Steven Senne AP

Today is the summer solstice in the western hemisphere: It marks the longest day of the year and also marks the first day of summer.

That's pretty obvious in the northeast today. Here in Washington, D.C., it's still 97 degrees and it's almost 7 p.m. The AP reports that New York City, Boston and Philadelphia all hit the 90s.

The AP adds:

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Election 2012
5:24 pm
Wed June 20, 2012

Hill Republicans Tight-Lipped On Immigration Change

House Speaker John Boehner, R-Ohio (left) and Senate Minority Leader Mitch McConnell, R-Ky., on Capitol Hill in February. Republicans have been quick to criticize the president for bypassing Congress with his immigration action, but they've been unusually silent on the policy itself.
J. Scott Applewhite AP

Originally published on Wed June 20, 2012 7:00 pm

Nearly a week has gone by since President Obama announced a new immigration policy that could halt the deportation of some 800,000 young people brought to the country illegally.

While Republicans on Capitol Hill were quick to criticize the president for bypassing Congress, they've been unusually silent on the question of whether these illegal immigrants should be getting such a break.

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