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.
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.
Originally published on Mon September 10, 2012 3:51 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."
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.
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.
Memphis has been a music town since anyone can remember, and it's had places to record that music since there have been records. Some of its studios — Sun, Stax and Hi — are well-known, but American Studios produced its share of hits, and yet it remains obscure. But that's all likely to change with Memphis Boys: The Story of American Studios, both a book and a CD out now.