News In Brief

MIDDAY UPDATE: China raises interest rates

Daryl Paranada Oct 20, 2010

In this show we find out the reason behind China’s central bank raising interest rates for the first time in nearly three years. India takes a novel approach to low-cost solar power, by training solar engineers at Barefoot College. Over in the United Kingdom the government is preparing to make budget cuts worth more than $130 billion to public spending, .

Here in the U.S. a government report looks into problems with foreclosures across the banking system. This, while the FBI investigates whether criminal laws were broken by banks that may not have complied with documentation requirements when ownership of mortgages was transferred.

The NFL is tackling protecting players by sending memos to teams regarding changes in disciplinary actions for dangerous hits.

And finally, in Washington, the Equal Employment Opportunity Commission will be considering the problem of black marks on credit reports which sometimes prevent job seekers from being employed.

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