Yuki Noguchi

Housing Market Watchers Edgy As Mortgage Rates Keep Climbing

Yuki Noguchi — Fri, 14 Jun 2013 21:46:00 +0000

Mortgage rates have seen a relatively sharp rise this month. The average 30-year fixed-rate loan hit 4 percent earlier in June — a big jump from the record lows of recent years. Some investors are now concerned that the housing recovery could be stifled if rates continue to rise quickly.

The Federal Reserve has two main missions: to maximize employment and minimize inflation.

50 Years After The Equal Pay Act, Gender Wage Gap Endures

Yuki Noguchi — Mon, 10 Jun 2013 06:56:00 +0000

On this day 50 years ago, President John F. Kennedy signed the Equal Pay Act in an effort to abolish wage discrimination based on gender. Half a century later, the Obama administration is pushing Congress to pass the Paycheck Fairness Act, designed to make wage differences more transparent.

Some dispute the frequently cited figure that women are paid 77 cents for every dollar a man earns.

JPMorgan Shareholders Consider Splitting CEO, Chairman Jobs

Yuki Noguchi — Tue, 21 May 2013 08:22:00 +0000

Transcript

STEVE INSKEEP, HOST:

JPMorgan Chase holds its annual shareholder meeting today in Tampa, Florida, and the shareholders will vote on a key measure: a proposal to strip the CEO, Jamie Dimon, of his other title, chairman of the board. A growing number of companies have split the CEO and chairman roles.

Shareholder activists and corporate governance experts say having a balance of power at the top helps to reduce risk. The bank and its supporters disagree.

A 'Wake-Up Call' To Protect Vulnerable Workers From Abuse

Yuki Noguchi — Thu, 16 May 2013 21:04:00 +0000

Four years ago, 21 men with intellectual disabilities were emancipated from a bright blue, century-old schoolhouse in Atalissa, Iowa. They ranged in age from their 40s to their 60s, and for most of their adult lives they had worked for next to nothing and lived in dangerously unsanitary conditions.

Earlier this month, the Equal Employment Opportunity Commission won a massive judgment against the turkey-processing company at which the men worked.

Furloughs Only The Latest Blow To Federal Worker Morale

Yuki Noguchi — Thu, 09 May 2013 06:51:00 +0000

Federal workers say they don't have much to celebrate these days.

Furloughs began in April, exacerbating already low morale for many government agencies as budgets have tightened. Downsizing has meant more work for those who remain, and talk of further cuts has many worried about job security. This year is also the third that federal workers haven't received a pay increase, contributing to discontent.

Jenny Brown is in her 27th year as an examiner for the Internal Revenue Service, where she answers peoples' tax questions.