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10:14 am
Fri March 15, 2013

Power Shift Underway As Middle Class Expands In Developing World

Credit Brookings Institution

Originally published on Mon March 18, 2013 9:00 am

"The meek shall inherit the earth" — that seems to be the latest message from the United Nations Development Program.

Their 2013 Human Development Report chronicles the recent, rapid expansion of the middle class in the developing world. It also predicts that over the next two decades growth in the so-called "Global South" will dramatically shift economic and political power away from Europe and North America.

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Planet Money
9:58 am
Fri March 15, 2013

A Surprisingly Uncontroversial Program That Gives Money To Poor People

Credit William Thomas Cain / Getty Images

Last year, a federal program called the Earned Income Tax Credit took about $60 billion from wealthier Americans and gave it to the working poor. And here's the surprising thing: This redistribution of wealth has been embraced by every president from Ronald Reagan to Barack Obama.

"This program worked," says Richard Burkhauser, an economist at Cornell University and the American Enterprise Institute. "And there's not a hell of a lot of these programs where you can see the tremendous change in the behavior of people in exactly the way that all of us hoped it would happen."

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The Two-Way
8:55 am
Fri March 15, 2013

More Problems Aboard Carnival Cruise Ships

Credit Andy Newman / AP
The Carnival Dream docked in St. Thomas, U.S. Virgin Islands, in December 2010.

Originally published on Fri March 15, 2013 1:53 pm

For the past month, management at Carnival Cruise Lines has been in a nearly constant state of damage control.

In the past week alone, three of the cruise line's giant floating playgrounds have experienced embarrassing malfunctions that have at least inconvenienced, if not angered, many passengers.

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The Two-Way
8:53 am
Fri March 15, 2013

Gasoline Pushed Consumer Prices Up Sharply In February

Credit Jonathan Fickies / Landov
Handles on a gas pump in Brooklyn.

Originally published on Fri March 15, 2013 10:05 am

Consumer prices jumped 0.7 percent in February from January, the Bureau of Labor Statistics reports. The increase was fueled by a 9.1 percent surge in gasoline prices. Gas prices alone accounted for about two-thirds of the overall rise, MarketWatch says.

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The Two-Way
8:06 am
Fri March 15, 2013

Son's Coming Out Leads Sen. Portman To Reverse On Same-Sex Marriage

Credit Justin Lane / EPA /Landov
Sen. Rob Portman, R-Ohio.

Originally published on Fri March 15, 2013 1:40 pm

Saying that he has reconsidered the issue in the two years since learning that his son is gay, Republican Sen. Rob Portman of Ohio announced Thursday that he no longer opposes same-sex marriage.

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