By the time he turned 40, Joseph Kennedy was a millionaire many times over and the head of what would soon become one of America's greatest political dynasties. In his new biography of the senior Kennedy, The Patriarch: The Remarkable Life and Turbulent Times of Joseph P. Kennedy, David Nasaw charts Kennedy's life and trajectory from Boston society boy to Hollywood bigwig to controversial ambassador to Great Britain as World War II unfolded on the European stage.
Saying it is concerned that the economy won't be strong enough in coming months to keep adding jobs to the labor market, the Federal Reserve announced this afternoon that is increasing its efforts to give the economy a boost.
And in an unusually specific statement from the central bank, its policymakers said they expect to keep a key short-term interest rate at or near zero percent "as long as the unemployment rate remains above 6.5 percent."
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Late today a federal bankruptcy judge gave the nod to a Chinese firm to buy a Massachusetts technology company. A123 Systems makes batteries for electric cars, but some in Congress are fighting to block the deal. Curt Nickisch reports from member station WBUR in Boston.
Originally published on Wed December 12, 2012 12:12 pm
India's government has approved an inquiry into Wal-Mart's lobbying activities in the U.S. as a heated debate over the retail giant's plans for stores in India moves into a new phase, NPR's Julie McCarthy tells us from New Delhi.