Mitt Romney's new running mate has authored some provocative policy proposals to cut budget deficits and overhaul Social Security, Medicare and Medicaid. But Rep. Paul Ryan has also been an advocate for a different course for the central banking system of the United States, the Federal Reserve.
For the past 35 years, the Fed has had a dual mandate from Congress: to set interest rates at levels that will both foster maximum employment and keep prices stable. Put another way, the Fed's goals are to get unemployment as low as possible while keeping inflation in check.
As part of the NPR Cities Project, we're exploring some "gee-whiz" questions about how cities work. Melissa Block talks to Gideon Berger, Fellowship Director for the Urban Land Institute, on the street in Washington, D.C.'s Chinatown. They talk about the trickiness of timing traffic lights
The British bank accused of using its New York branch to launder money from international transaction has agreed to pay New York's top banking regulator $340 million. Regulators said the bank schemed to hide more than 60,000 financial transactions totaling $250 billion for Iranian clients. The bank denied the charges. Audie Cornish talks with Jim Zarroli.
A worker on a newly constructed transmission tower near Buetzow, Germany, earlier this month. The German government plans to shut down nuclear power plants and is seeking to replace that production with power from renewable energy sources, especially wind turbines and solar parks. New power transmission lines will be needed.
Credit Sean Gallup / Getty Images
Wind turbines near Ellhoeft, in northern Germany, close to the Danish border. The challenge for Germany's new energy plan is how to transmit power generated in the north to the population centers in the south.
After Japan's Fukushima disaster last year, Germany announced a groundbreaking energy plan: It would phase out all of its domestic nuclear power in a decade and make a transition to safer, carbon neutral energy.
The goal is to have solar, wind and other renewables account for nearly 40 percent of the energy for Europe's largest economy in a decade, and 80 percent by 2050.