Over the weekend, the United States Treasury said it has plans to sell $18 billion worth of American International Group stocks. During the financial crisis in 2008, the government pumped $182 billion into AIG stock to keep it from collapsing.
Reuters reports, this morning, that AIG shares fell 1.5 percent because of the news. Reuters adds:
"AIG itself will buy back $5 billion of its own shares in the upcoming stock sale, with the rest of the shares going to the broader public.
Originally published on Mon September 10, 2012 2:51 pm
After the terror attacks on 9/11, a public opinion survey by the Chicago Council on Global Affairs showed widespread support for increased spending on national security and counterterrorism. A decade later, a new survey shows that "Americans have become increasingly selective about how and where to engage in the world."
Public school teachers in Chicago walked off the job Monday after failed contract negotiations with the city. Chicago Mayor Rahm Emanuel called the strike "unnecessary." In a piece for CNN.com, Chris Rhomberg, sociology professor at Fordham University, argues that America would be better off with more strikes.
This is TALK OF THE NATION. I'm Neal Conan in Washington. After five years of plunging prices and spiraling foreclosures, maybe, just maybe, the bubble's stopped bursting. Home prices are beginning to rebound in many parts of the country. Recent reports show fewer foreclosures in several hard-hit states.
Rebel fighters take up position near the military airport outside the rebel-held town of Azaz in northern Syria on Aug. 21. In rebel-held towns like Azaz, activists are taking on new, risky roles as the uprising against Syrian President Bashar Assad continues.
Credit Youssef Boudlal / Reuters/Landov
A man walks in his house, which was destroyed in shelling by Syrian government forces, in Azaz, northern Syria. Rebels say the town is under nightly attack.
Several colleges and universities have adopted a common read program, where freshmen read the same book during the summer and discuss it once on campus.
Author Max Brooks' World War Z: An Oral History of the Zombie War is one of the less traditional books appearing on required reading lists. The book captures scenes from a global zombie apocalypse through a series of first-person accounts.
Originally published on Mon September 10, 2012 12:02 pm
The FBI arrested the mayor of New Jersey's capital city today, accusing him of corruption related to a bribery scandal.
The FBI alleges Tony Mack, the mayor of Trenton, accepted thousands of dollars in exchange for influence over a parking garage project. Federal authorities also arrested Mack's brother and a supporter.
NPR's Carrie Johnson filed this report for our Newscast unit:
"Federal prosecutors accuse all three men of taking part in a conspiracy to obstruct justice.
This is TELL ME MORE from NPR News. I'm Michel Martin. Now it's time to go behind closed doors. That's the part of the program where we talk about difficult issues that are often kept hidden.
And in this election season we've been hearing a lot about why candidates take on the issues they've chosen to address. Sometimes it's because an issue is popular, but sometimes it's just too important to ignore, and sometimes it's also personal.