Business http://delmarvapublicradio.net en It May Be Summer, But For Economists, This Week Feels Like Christmas http://delmarvapublicradio.net/post/it-may-be-summer-economists-week-feels-christmas This week is summer's sweet spot — the peak time for pool parties, fresh-picked berries and cool drinks. But for economists, it may feel more like Christmas — so much to unwrap!<p>Each day will bring new decisions and reports that could have a big impact on the nation's economy. So economists, investors and workers will have plenty to ponder. Mon, 28 Jul 2014 17:37:00 +0000 Marilyn Geewax 58515 at http://delmarvapublicradio.net It May Be Summer, But For Economists, This Week Feels Like Christmas In Times Of Transition, Get Practical About Your Finances http://delmarvapublicradio.net/post/times-transition-get-practical-about-your-finances <div class="fullattribution">Copyright 2014 NPR. To see more, visit http://www.npr.org/.<img src="http://www.google-analytics.com/__utm.gif?utmac=UA-5828686-4&utmdt=In+Times+Of+Transition%2C+Get+Practical+About+Your+Finances+&utme=8(APIKey)9(MDAxODg3MTg0MDEyMTg2NTY3OTI5YTI3ZA004)"/></div><p> Mon, 28 Jul 2014 16:22:00 +0000 editor 58513 at http://delmarvapublicradio.net More Than Half Of Spaniards In Their 20s Are Unemployed http://delmarvapublicradio.net/post/more-half-spaniards-their-20s-are-unemployed Even though Spain's economy is out of recession, youth unemployment has hit 57.7 percent — more than double the continent's average. Economists say it could be years before jobs return. By then, many Spanish 20-somethings — dubbed the "lost generation" — will have missed a decade or more of work. <div class="fullattribution">Copyright 2014 NPR. Mon, 28 Jul 2014 09:55:00 +0000 editor 58488 at http://delmarvapublicradio.net Locked In U.S. Hedge Fund Battle, Argentina Faces Default http://delmarvapublicradio.net/post/locked-us-hedge-fund-battle-argentina-faces-default <div class="fullattribution">Copyright 2014 NPR. To see more, visit http://www.npr.org/.<img src="http://www.google-analytics.com/__utm.gif?utmac=UA-5828686-4&utmdt=Locked+In+U.S.+Hedge+Fund+Battle%2C+Argentina+Faces+Default&utme=8(APIKey)9(MDA4MzMwMDM0MDEzMTg4NzQ3NzAwZDdjZg004)"/></div><p>Transcript <p>RENEE MONTAGNE, HOST: <p>This is MORNING EDITION from NPR News. I'm Renee Montagne.<p>LINDA WERTHEIMER, HOST: <p>And I'm Linda Wertheimer. The nation of Argentina could default this week on billions of dollars of debt. It would be the second time Argentina has defaulted in less than 15 years. Mon, 28 Jul 2014 09:55:00 +0000 Jim Zarroli 58489 at http://delmarvapublicradio.net Rust Devastates Guatemala's Prime Coffee Crop And Its Farmers http://delmarvapublicradio.net/post/rust-devastates-guatemalas-prime-coffee-crop-and-its-farmers Outside the northern Guatemalan town of Olopa, near the Honduran border, farmer Edwin Fernando Diaz Viera stands in the middle of his tiny coffee field. He says it was his lifelong dream to own a farm here. The area is renowned for producing some of the world's richest arabica, the smooth-tasting beans beloved by specialty coffee brewers.<p>"My farm was beautiful; it was big," he says.<p>But then, a plant fungus called coffee rust, or <em>roya</em> in Spanish, hit his crop.<p>"Coffee rust appeared and wiped out everything," he says.<p>That was in 2012, and it was Diaz Viera's first crop. Mon, 28 Jul 2014 09:00:00 +0000 Carrie Kahn 58479 at http://delmarvapublicradio.net Rust Devastates Guatemala's Prime Coffee Crop And Its Farmers Labels: Easy To Read, Not Always Easy To Trust http://delmarvapublicradio.net/post/labels-easy-read-not-always-easy-trust <div class="fullattribution">Copyright 2014 NPR. To see more, visit http://www.npr.org/.<img src="http://www.google-analytics.com/__utm.gif?utmac=UA-5828686-4&utmdt=Labels%3A+Easy+To+Read%2C+Not+Always+Easy+To+Trust&utme=8(APIKey)9(MDAxODg3MTg0MDEyMTg2NTY3OTI5YTI3ZA004)"/></div><p> Sun, 27 Jul 2014 12:12:00 +0000 editor 58455 at http://delmarvapublicradio.net When Do Chefs And Doctors Buy Generic? http://delmarvapublicradio.net/post/when-do-chefs-and-doctors-buy-generic Pharmacists and doctors are more likely than the general public to buy generic medicine, as <a href="http://www.npr.org/blogs/money/2013/07/05/198504001/why-doesnt-everybody-buy-cheap-generic-headache-medicine" target="_blank">we reported</a> last year. Fri, 25 Jul 2014 15:00:00 +0000 editor 58380 at http://delmarvapublicradio.net When Do Chefs And Doctors Buy Generic? At Jaguars' New Stadium, Come For The Football Or The Swimming http://delmarvapublicradio.net/post/jaguars-new-stadium-come-football-or-swimming In Jacksonville, Fla., on Saturday, the Jaguars football team will unveil what it's calling the world's largest video display at a stadium. The team also has added luxury cabanas, where fans can watch the game poolside — improvements that are designed to get the beleaguered team's fans off their couches and into the stadium.<p>When team officials announced they were adding swimming pools to the stadium, some dismissed it as a gimmick. Fri, 25 Jul 2014 11:13:00 +0000 editor 58362 at http://delmarvapublicradio.net At Jaguars' New Stadium, Come For The Football Or The Swimming All Of The Major U.S. Airlines Report Strong 2nd-Quarter Earnings http://delmarvapublicradio.net/post/all-major-us-airlines-report-strong-2nd-quarter-earnings <div class="fullattribution">Copyright 2014 NPR. To see more, visit http://www.npr.org/.<img src="http://www.google-analytics.com/__utm.gif?utmac=UA-5828686-4&utmdt=All+Of+The+Major+U.S.+Airlines+Report+Strong+2nd-Quarter+Earnings&utme=8(APIKey)9(MDAxODc1ODA5MDEyMjg1MDYxNTFiZTgwZg004)"/></div><p>Transcript <p>STEVE INSKEEP, HOST: <p>Airlines in the United States are making money again. American, United and Southwest all reported record-setting second quarter results yesterday. Delta reported strong earnings earlier in the week. Fri, 25 Jul 2014 11:09:00 +0000 John Ydstie 58364 at http://delmarvapublicradio.net The Weird, Underappreciated World Of Plastic Packaging http://delmarvapublicradio.net/post/weird-underappreciated-world-plastic-packaging Like it or not, plastic packaging has become an ingrained part of the food system.<p>While it's clearly wasteful to buy salad, sandwiches and chips encased in plastic and then promptly throw that plastic away, we take for granted how it keeps so much of what we eat fresh and portable.<p>And behind many of those packages that allow us to eat on the go or savor perishable cookies or fish imported from the other side of the globe is a whole lot of science and innovation.<p>The plastic revolution in food packaging began in the 1960s, says Aaron Brody, a food packaging consultant and an adjunct pro Thu, 24 Jul 2014 21:30:00 +0000 editor 58349 at http://delmarvapublicradio.net The Weird, Underappreciated World Of Plastic Packaging As Millions Of People Fast For Ramadan, Does The Economy Suffer? http://delmarvapublicradio.net/post/millions-people-fast-ramadan-does-economy-suffer <div class="fullattribution">Copyright 2014 NPR. To see more, visit http://www.npr.org/.<img src="http://www.google-analytics.com/__utm.gif?utmac=UA-5828686-4&utmdt=As+Millions+Of+People+Fast+For+Ramadan%2C+Does+The+Economy+Suffer%3F&utme=8(APIKey)9(MDAxNzgwMzIyMDEyMTQ4NzkxNDM0OWYxYg004)"/></div><p> Thu, 24 Jul 2014 11:39:00 +0000 Shankar Vedantam 58300 at http://delmarvapublicradio.net How High Debt From The Housing Collapse Still Stifles Our Economy http://delmarvapublicradio.net/post/how-high-debt-housing-collapse-still-stifles-our-economy "Foreclosure, foreclosure, foreclosure."<p>Real estate broker John Susani drives down a Paterson, N.J., street where every third house seems to be abandoned or boarded up. During the boom years, money flooded into Paterson.<p>"The banking industry allowed everyone to be a homeowner; they gave mortgages to people [just because they were] breathing," Susani says.<p>In some cases, he says, home prices jumped as much as 50 percent. The homes on these streets aren't worth nearly that much anymore.<p>Seven years after the subprime mortgage crisis, U.S. Thu, 24 Jul 2014 10:13:00 +0000 Jim Zarroli 58290 at http://delmarvapublicradio.net How High Debt From The Housing Collapse Still Stifles Our Economy Part-Time Work, Unpredictable Schedules: What's The Fix? http://delmarvapublicradio.net/post/part-time-work-unpredictable-schedules-whats-fix <div class="fullattribution">Copyright 2014 NPR. To see more, visit http://www.npr.org/.<img src="http://www.google-analytics.com/__utm.gif?utmac=UA-5828686-4&utmdt=Part-Time+Work%2C+Unpredictable+Schedules%3A+What%27s+The+Fix%3F+&utme=8(APIKey)9(MDAxODc1ODA5MDEyMjg1MDYxNTFiZTgwZg004)"/></div><p> Wed, 23 Jul 2014 16:24:00 +0000 editor 58257 at http://delmarvapublicradio.net Atlantic City's Casino Crisis: A Cautionary Tale http://delmarvapublicradio.net/post/atlantic-citys-casino-crisis-cautionary-tale <div class="fullattribution">Copyright 2014 NPR. To see more, visit http://www.npr.org/.<img src="http://www.google-analytics.com/__utm.gif?utmac=UA-5828686-4&utmdt=Atlantic+City%27s+Casino+Crisis%3A+A+Cautionary+Tale&utme=8(APIKey)9(MDA5Njc0ODg4MDEzNDA5MTE5NDRhNDMzYw004)"/></div><p> Wed, 23 Jul 2014 08:56:36 +0000 editor 58219 at http://delmarvapublicradio.net Congress And Biden Aim For Job Training That Actually Leads To Jobs http://delmarvapublicradio.net/post/congress-and-biden-aim-job-training-actually-leads-jobs Something pretty remarkable happened Tuesday afternoon in a small windowless auditorium next door to the White House. President Obama signed a new law: the Workforce Innovation and Opportunity Act.<p>It streamlines and updates the nation's job training programs and was 11 years overdue. The bill got overwhelming bipartisan support in both the House and Senate.<p>"Folks in Congress got past their differences; they got a bill to my desk," Obama said at the signing ceremony. Wed, 23 Jul 2014 08:45:00 +0000 Tamara Keith 58223 at http://delmarvapublicradio.net Congress And Biden Aim For Job Training That Actually Leads To Jobs Inflation Came In Low Again, But Are There Bubbles? http://delmarvapublicradio.net/post/inflation-came-low-again-are-there-bubbles Want to borrow money for a car or a home this fall?<p>Oddly enough, the interest rates available months from now for big-ticket items may be determined by the prices you pay today for everyday consumer goods. Tue, 22 Jul 2014 20:39:00 +0000 Marilyn Geewax 58208 at http://delmarvapublicradio.net Inflation Came In Low Again, But Are There Bubbles? Money Markets: Easy To Ignore, Occasionally Dicey http://delmarvapublicradio.net/post/money-markets-easy-ignore-dicier-youd-think Money market accounts are so dull that many people use them like checking accounts. But they're riskier than checking accounts, and federal regulators are proposing new rules to deal with those risks. Tue, 22 Jul 2014 20:14:00 +0000 editor 58192 at http://delmarvapublicradio.net Deal In Detroit Could Signal Cuts To Pensions Elsewhere http://delmarvapublicradio.net/post/deal-detroit-could-signal-cuts-pensions-elsewhere It used to be that if you were a public employee, you knew your pension benefits could not be touched.<p>That's no longer the case.<p>Pensions have been under political attack in recent years, with some politicians arguing they can't afford to fund generous retirements at the same time they're cutting services. Numerous states and cities have trimmed the type of pension plans they're offering employees — mostly new employees.<p>But pension benefits already earned have always been sacrosanct, protected by federal law and, often, state constitutions. Tue, 22 Jul 2014 20:06:00 +0000 Alan Greenblatt 58193 at http://delmarvapublicradio.net Deal In Detroit Could Signal Cuts To Pensions Elsewhere States Experiment With Health Savings Accounts For Medicaid http://delmarvapublicradio.net/post/states-experiment-health-savings-accounts-medicaid If all goes according to plan, next year many Arkansas Medicaid beneficiaries will be required to make monthly contributions to so-called Health Independence Accounts. Those who don't may have to pay more of the cost of their medical services, and in some cases may be refused services.<p>Supporters say it will help nudge Medicaid beneficiaries toward becoming more cost-conscious health care consumers. Tue, 22 Jul 2014 13:43:00 +0000 Michelle Andrews 58172 at http://delmarvapublicradio.net States Experiment With Health Savings Accounts For Medicaid Some Food Companies Are Quietly Dumping GMO Ingredients http://delmarvapublicradio.net/post/some-food-producers-are-quietly-dumping-gmo-ingredients A tour of the Ben & Jerry's factory in Waterbury, Vt., includes a stop at the "Flavor Graveyard," where ice cream combinations that didn't make the cut are put to rest under the shade of big trees.<p>One recently deceased flavor has yet to be memorialized there: Coffee Heath Bar Crunch, one of the company's best-sellers. Ben & Jerry's CEO <a href="http://www.benjerry.com/about-us/how-were-structured#4timeline">Jostein Solheim </a>says the company had to remove the key ingredient, Heath bars made by Hershey, and rework the flavor. Its replacement is called Coffee Toffee Bar Crunch. Tue, 22 Jul 2014 12:13:00 +0000 editor 58161 at http://delmarvapublicradio.net Some Food Companies Are Quietly Dumping GMO Ingredients Telecommuting Didn't Work Out For One Transplanted Worker http://delmarvapublicradio.net/post/telecommuting-didnt-work-out-one-transplanted-worker Transcript <p>STEVE INSKEEP, HOST: <p>This summer, we're also focusing on the high rate of youth unemployment and hearing what some out-of-work younger adults are doing to make ends meet. Christina Gastlelum is 32. She recently moved to Maine from New York City. She tried to keep doing her job as vice president of a nonprofit remotely which did not work out.<p>CHRISTINA GASTLELUM: That was not an ideal working situation for that particular job. So at the end of March, we broke up. While I'm collecting unemployment, it really isn't enough money to survive or even pay my mortgage at all. Tue, 22 Jul 2014 09:25:00 +0000 editor 58146 at http://delmarvapublicradio.net GOP Marks Dodd-Frank's 4th Birthday With Calls For Repeal http://delmarvapublicradio.net/post/gop-marks-dodd-franks-4th-birthday-calls-repeal Transcript <p>AUDIE CORNISH, HOST: <p>Four years ago today, President Obama signed a massive overhaul of the nation's financial laws, The Dodd-Frank Wall Street Reform and Consumer Protection Act. The law was a response to the Wall Street bailouts and regulatory failings that sparked the financial crisis and caused the great recession. Mon, 21 Jul 2014 20:28:00 +0000 John Ydstie 58124 at http://delmarvapublicradio.net Next To Silicon Valley, Nonprofits Draw Youth Of Color Into Tech http://delmarvapublicradio.net/post/next-silicon-valley-nonprofits-draw-youth-color-tech Twenty-year-old Taneka Armstrong wants to land a high-tech job, but her day starts at Taco Bell.<p>Armstrong stands behind a steel counter, making Burrito Supremes and ringing up customers. She counts pennies and quarters. She also gets orders from her bosses, who she says can be pretty condescending.<p>"They're just like, 'Oh, did you know that already?' Or, 'Can you do this?' " she says. "Yes, I've been doing it, for almost a year now."<p>Armstrong is a native of Oakland, Calif., next door to Silicon Valley, and she lives two lives. Mon, 21 Jul 2014 09:34:00 +0000 editor 58092 at http://delmarvapublicradio.net Next To Silicon Valley, Nonprofits Draw Youth Of Color Into Tech The Youth Unemployment Crisis Hits African-Americans Hardest http://delmarvapublicradio.net/post/youth-unemployment-crisis-hits-african-americans-hardest Young people are being chased out of the labor market. Though the national unemployment rate has fallen steadily in recent months, youth unemployment remains stubbornly high, and the jobless rate is even higher among young minorities. For young people between the ages of 16 and 24, unemployment is more than twice the national rate, at 14.2 percent. For African-Americans, that rate jumps to 21.4 percent.<p>Of course, discrimination could be a factor. But according to William Spriggs, an economist at Howard University, the trend is also being driven by a sluggish economy. Mon, 21 Jul 2014 09:15:00 +0000 NPR Staff 58087 at http://delmarvapublicradio.net Rubio: Small Government Can Help Fix Economic Inequality http://delmarvapublicradio.net/post/rubio-small-government-can-help-fix-economic-inequality <a href="http://www.rubio.senate.gov/public/">Sen. Marco Rubio</a>, a potential 2016 GOP presidential contender, is concerned about issues of access to affordable education, availability of job training and prospects for economic mobility. Mon, 21 Jul 2014 09:15:00 +0000 Scott Neuman 58086 at http://delmarvapublicradio.net Rubio: Small Government Can Help Fix Economic Inequality Temporary Tenants Give Luxury Homes A Lived-In Look http://delmarvapublicradio.net/post/temporary-tenants-give-luxury-homes-lived-look Bernie Schupbach needed to sell his home in the height of the real estate crash.<p>His home in Yorkville, Ill., was unoccupied. It had lingered on the market for a long time — and Schupbach, a radiologist in Aurora, Ill., was growing uncomfortable.<p>"To me, you worry about a pipe breaking in winter. You worry about the heat going out. You worry about vandals. You worry about animal infestation," he says. Sat, 19 Jul 2014 20:42:00 +0000 Allie Caren 58055 at http://delmarvapublicradio.net Temporary Tenants Give Luxury Homes A Lived-In Look States That Raised Minimum Wage See Faster Job Growth, Report Says http://delmarvapublicradio.net/post/states-raised-minimum-wage-see-faster-job-growth-report-says New data released by the Department of Labor suggests that raising the minimum wage in some states might have spurred job growth, contrary to what critics said would happen.<p>In a report on Friday, the 13 states that raised their minimum wages on Jan. 1 have added jobs at a faster pace than those that did not. Sat, 19 Jul 2014 16:25:00 +0000 Scott Neuman 58043 at http://delmarvapublicradio.net States That Raised Minimum Wage See Faster Job Growth, Report Says Microsoft Announces Biggest Layoffs In Company's History http://delmarvapublicradio.net/post/microsoft-announces-biggest-layoffs-companys-history Transcript <p>DAVID GREENE, HOST: <p>NPR's Business News starts with a downsized Microsoft. Microsoft announced the biggest layoffs in its history yesterday. It's cutting 18,000 jobs worldwide over the next year - that's 14% of its workforce. The company's new CEO wants to adapt to a society and an industry increasingly dependent on mobile devices. From member station KPLU, Bellamy Pailthorp reports.<p>BELLAMY PAILTHORP, BYLINE: Microsoft CEO Satya Nadella took the helm of the company in February. Speaking at his first town hall meeting with employees, he hinted of big changes ahead. Fri, 18 Jul 2014 09:52:00 +0000 editor 57971 at http://delmarvapublicradio.net Better Culture Could Have Prevented Viral Comcast Call http://delmarvapublicradio.net/post/better-culture-could-have-prevented-viral-comcast-call This week, one man's customer service <a href="http://www.npr.org/blogs/alltechconsidered/2014/07/15/331681041/comcast-embarrassed-by-the-service-call-making-internet-rounds">call to Comcast</a> turned into a badgering — a simple request to cancel his service was repeatedly beaten back by the employee on the other end of the line. It was a familiar feeling for a lot of us, which perhaps explains why more than 4 million people have listened to it in less than a week.<p>"It was frustrating to listen to. It's almost a PTSD we have with bad customer service," said journalist Emily Yellin. Fri, 18 Jul 2014 07:37:00 +0000 Elise Hu 57967 at http://delmarvapublicradio.net Better Culture Could Have Prevented Viral Comcast Call Latest Wrinkle In The Jobs Debate: Blame The Boomers http://delmarvapublicradio.net/post/latest-wrinkle-jobs-debate-blame-boomers Since late 2007, the U.S. labor force has shrunk significantly, raising questions about where former workers have gone and why.<p>Now the White House Council of Economic Advisers says it has found answers and has compiled them into a <a href="http://www.whitehouse.gov/sites/default/files/docs/labor_force_participation_report.pdf">detailed research report </a>released Thursday.<p>As it turns out, most of the missing workers have been hiding in plain sight: They are retiring baby boomers.<p>"In 2008, the U.S. economy collided with two historic forces. Thu, 17 Jul 2014 21:36:00 +0000 Marilyn Geewax 57959 at http://delmarvapublicradio.net Latest Wrinkle In The Jobs Debate: Blame The Boomers