Five years ago, a subprime mortgage firestorm was melting down the U.S. economy, but most analysts didn't see it happening.
Federal Reserve Chairman Ben Bernanke, testifying before Congress in February 2007, said the housing sector "is a concern, but at this point we don't see it as being a broad financial concern or a major factor in assessing the course of the economy."
If he and the vast majority of economists were blind to the economic and financial calamity taking shape then, could they also be missing the start of a huge economic boom now?
In an interview Thursday, Mitt Romney said he "misspoke" when he infamously said earlier in the week that he was not concerned about the very poor because they had a safety net, and the very rich but, instead, was focused on the middle class.
Speaking of the CNN interview that has caused Romney a world of trouble, the Republican presidential frontrunner told Jon Ralston of the Las Vegas Sun during an interview program called Face to Face:
NPR's Business News starts with a reversal from the Komen Foundation. The Susan G. Komen For The Cure Foundation has just announced that it will not pull its funding for Planned Parenthood after all. The breast cancer charity endured a massive backlash when it announced, earlier this week, it would no longer give Planned Parenthood money for breast cancer screening. NPR's Julie Rovner joins us to explain the turnaround. And Julie, what exactly did the Komen Foundation say this morning?
Saying officials have undertaken yet another campaign of "bullying and harassment" of its Persian service staff, the BBC called on the Iranian government to "repudiate the action of its officials."
In a blog post, the BBC's Director General Mark Thompson also called on the international community to "put maximum pressure on Iran to desist in this campaign of intimidation, persistent censorship and a disturbing abuse of power."
Human Rights Watch has a harrowing report out today about what it says is the targeting of children by Syria's government forces.
"Children have not been spared the horror of Syria's crackdown," Lois Whitman, children's rights director at Human Rights Watch, said in a statement. "Syrian security forces have killed, arrested and tortured children in their homes, their schools or on the streets. In many cases, security forces have targeted children just as they have targeted adults."
Nevada has the lowest high school graduation rate in the country. But now a multi-million dollar federal grant is helping one district turn its schools around. Host Michel Martin speaks with a principal who spent last Saturday knocking on the doors of students who dropped out, encouraging them to come back to school.
The brutal recession has wracked Nevada, where soaring unemployment and foreclosure numbers tell the story of the state's misery. But its importance as a swing state in the 2012 presidential contest has only been enhanced in the four years since it went for Democrat Barack Obama.
After days of controversy, the Susan G. Komen for the Cure foundation has said it will continue funding for Planned Parenthood.
Earlier this week, the foundation moved to discontinue funding of breast cancer screening by Planned Parenthood. The Associated Press reported the change came because of a new Komen policy forbidding grants to organizations under official investigation.