American Morning
Why your boss, not Wall Street, could be to blame for the growing income gap
You've heard the expression "the rich keep getting richer." It's never been more true than it is today.
Since the 1970s, the average paycheck for a corporate executive in this country has quadrupled, while your paycheck has remained relatively stagnant.
But who is making all the money?
We assume it's the fat cats on Wall street, but it turns out it's more likely to be your boss.
This morning on American Morning, Peter Whoriskey with The Washington Post spoke with Carol Costello about his piece and what this growing income gap means for the economy.
Legendary investor: America is overdue for another recession
The Dow closed at a new three-month low Wednesday, dropping 1.5%, as civil unrest continued in Greece in response to the government's austerity program. Concern over Greece's debt problems as well as gloomy manufacturing news sparked a sell-off.
Legendary investor Jim Rogers says he sees "continued turmoil for the next few years," and that America is overdue for another recession.
Rogers, founder of Rogers Holdings and the author of A Gift to My Children: A Father's Lessons for Life and Investing, tells American Morning how he is reading this week's poor economic news.
FULL STORYGreek police in Athens fire tear gas at demonstrators
(CNN) - Greek police fired tear gas at demonstrators in the capital Athens during protests Wednesday against government plans to slash budgets.
FULL STORYAmerica's economic recovery: Where does it stand?
For many of you at home during the recession, you learned how to spend less and pay off your bills.
Unfortunately, the same can't be said for Washington.
The U.S. government recently reached its debt limit, and last week Republican Senator Jeff Sessions, a ranking member of the Senate Budget Committee, used the work of this morning's guest to argue against raising the debt ceiling without deep cuts in federal spending.
Kenneth Rogoff, Professor of Economics at Harvard University, talks to Christine Romans about America's economic recovery. Where does it stand today?
FULL STORYObama to travel to North Carolina Monday to discuss economy, small business
President Obama will travel to Raleigh-Durham, NC Monday to meet with the Jobs and Competitiveness Council where he will be discussing the economy and job-growth.
Christine Romans speaks with two North Carolinians with a stake in nation's economy: Maria Kingery, Co-founder & President of Southern Energy Management, and Sam Bratton the President of Wake Stone Corporation.
FULL STORYFord's CEO explains ambitious expansion plan
The Ford Motor Company was the only one of the big three auto makers that didn't take a government bailout in 2009. That decision proved wise, because they were able to bounce back on its own. Its stock, which might be in your IRA or 401k, is up by about 780% since then.
Much of that success can be attributed to the fact that in 2006 the Ford founding family brought in a man named Alan Mulally, from Boeing, to run the company. Mulally, an engineer by training, took drastic steps. Ford has now been profitable for two years, and today it's unveiling a plan to increase sales by 50% in less than four years, mainly by growing in Asia and by selling more small cars than SUVs.
On American Morning this morning, Alan Mulally, CEO of Ford Motor Company, discusses the company's incredible turnaround and his bold plan for expansion.
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