Business

Around the Nation
6:38 am
Tue October 21, 2014

Millennials Continue Urbanization Of America, Leaving Small Towns

The Washington, D.C., suburb of Arlington, Va., was dubbed a top destination for millennials this year.
Arpad Benedek iStockphoto

"Most of the young people that go to college go away, and then they don't come back," says Lee Bianchi, a retired engineer who lived in Clinton, Iowa (pop. 26,647), from 1961 to 2008.

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NPR Story
4:35 am
Tue October 21, 2014

U.S. And Japan Hit Snag In Major Trade Pact Negotiations

Originally published on Tue October 21, 2014 8:16 am

Copyright 2014 NPR. To see more, visit http://www.npr.org/.

The Changing Lives Of Women
4:23 am
Mon October 20, 2014

The Look Of Power: How Women Have Dressed For Success

A publicity still from the movie Working Girl, which prominently featured the beloved power suit.
20th Century Fox

Originally published on Tue October 21, 2014 7:22 am

Remember power suits? At the same time women were entering the corporate workplace in large numbers, the power suit began to pop up. It was usually a long jacket with the kind of big, padded shoulders Joan Crawford made famous, a straight skirt and, often, a floppy silk bow tie that Little Lord Fauntleroy would have been at home in. The 1980s power suit was designed to ignore a woman's shape so it didn't hinder her mobility as she worked her way up the corporate ladder.

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Book Reviews
5:32 am
Sun October 19, 2014

Amid The Chaos Of Debt Collection, 'Bad Paper' Offers A Riveting Roadmap

cover crop
Farrar, Straus and Giroux

Outside a corner storefront in Buffalo, six men tumble from a parked Mercedes. Most of them are ex-cons, some of them are armed and one of them — the polygamist — is packing his machete, to be ready, in his words, "when I run out of bullets." Not one of them weighs less than 240 pounds, and they're all keyed up for a confrontation with a suspected crook — which, as it turns out, goes down in a small storage closet. (Don't worry: No one gets injured.)

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Economy
7:46 am
Sat October 18, 2014

Pritzker Travels Europe And Asia On Commercial Diplomacy Tour

Originally published on Sat October 18, 2014 12:01 pm

Copyright 2014 NPR. To see more, visit http://www.npr.org/.

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SCOTT SIMON, HOST:

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Economy
7:46 am
Sat October 18, 2014

European Slowdown Drives Roller-Coaster Week In Markets

Originally published on Sun October 19, 2014 7:33 pm

Copyright 2014 NPR. To see more, visit http://www.npr.org/.

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Economy
4:05 pm
Fri October 17, 2014

Drop In Unemployment Raises Debate On Optimal Rate

A notice in a store window in New York City announces a retail job opening. Now that unemployment has slipped below 6 percent, there's renewed interest in what the Federal Reserve's target for joblessness should be.
Spencer Platt Getty Images

Originally published on Fri October 17, 2014 6:26 pm

The U.S. unemployment rate has been falling steadily over the years. Down from the recession peak of 10 percent in 2009, it reached 5.9 percent in September.

That's getting close to what economists call the natural unemployment rate — the normal level of joblessness you'd expect in a healthy economy.

But a lot of economists are asking whether the old rules about full employment still apply.

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Business
9:27 am
Fri October 17, 2014

Predictions Of 'Peak Oil' Production Prove Slippery

Workers drill for oil in the Bakken shale formation outside Watford City, N.D., an area experiencing an oil boom.
Andrew Burton Getty Images

Originally published on Sat October 18, 2014 12:52 pm

The dustiest portion of my home library includes the 1980s books — about how Japan's economy would dominate the world.

And then there are the 1990s books — about how the Y2K computer glitch would end the modern era.

Go up one more shelf for the late 2000s books — about oil "peaking." The authors claimed global oil production was reaching a peak and would soon decline, causing economic chaos.

The titles include Peak Oil and the Second Great Depression, Peak Oil Survival and When Oil Peaked.

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Business
6:25 am
Fri October 17, 2014

Sustained Lower Gas Prices Could Drive Economic Growth

Originally published on Fri October 17, 2014 8:53 am

Copyright 2014 NPR. To see more, visit http://www.npr.org/.

Transcript

STEVE INSKEEP, HOST:

Let's talk next about the economic effects of oil prices. We've been reporting this week on oil prices that seem to drop measurably day by day. Eventually, that translates to cheaper gas. We asked NPR's Chris Arnold just how much that matters.

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NPR Story
5:03 am
Fri October 17, 2014

Why Has There Been So Much Turmoil In Financial Markets Lately?

Originally published on Fri October 17, 2014 8:53 am

Copyright 2014 NPR. To see more, visit http://www.npr.org/.

All Tech Considered
3:21 am
Fri October 17, 2014

Silicon Valley Companies Add New Benefit For Women: Egg-Freezing

A technician opens a vessel containing women's frozen egg cells in April 2011 in Amsterdam.
AFP/Getty Images

Originally published on Fri October 17, 2014 8:54 am

In the Silicon Valley arms race to lure the top talent with the best benefits, Facebook and Apple are adding egg freezing for female employees. The two companies may be the first to pay for the procedure for women who choose it to delay childbearing.

The addition of egg-freezing to the benefits plan comes as tech companies face mounting pressure to hire more women. And it's a perk that some women may find attractive.

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Goats and Soda
3:20 am
Fri October 17, 2014

World Bank Head On Ebola: Put The Fire Out Where It's Raging

World Bank President Jim Yong Kim wants the international community to step up its response to Ebola.
J. Scott Applewhite AP

Originally published on Fri October 17, 2014 8:53 am

To stop the raging Ebola epidemic in West Africa, "we need to pay attention to where the fire is burning."

That means there is no "magic solution," Jim Yong Kim, the head of the World Bank, told NPR's Steve Inskeep during an interview on Morning Edition. So appointing an Ebola czar to monitor the international response isn't going to suddenly stop the outbreak.

Neither will closing the borders between U.S. and the three hardest-hit countries: Guinea, Liberia and Sierra Leone.

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All Tech Considered
2:21 pm
Thu October 16, 2014

Your Car Won't Start. Did You Make The Loan Payment?

A borrower enters a code into a starter interrupt device installed in a car in Limerick, Pa.
Rick Smith AP

Originally published on Thu October 16, 2014 3:19 pm

For borrowers in default, the repo man is no longer the one to fear — it's Big Brother. Growing numbers of lenders are getting tech savvy, remotely disabling debtors' cars and tracking customer data to ensure timely payment of subprime auto loans. The practice has created problems for consumers and raises privacy concerns.

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Planet Money
1:05 pm
Thu October 16, 2014

The Most Common Jobs For The Rich, Middle Class And Poor

Quoctrung Bui/NPR

Originally published on Thu October 16, 2014 4:38 pm

We've written a lot about how income has changed (or not) for the rich, middle class and poor in the U.S. We've written much less about what the rich, middle class and poor actually do for work.

To remedy that, we made this graph. It shows the 10 most popular jobs in each income bracket. Click on each job to see where it appears in different income brackets.

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Parallels
12:26 pm
Thu October 16, 2014

As Oil Prices Fall, Who Wins And Who Loses?

Saudi Arabia's oil minister, Ali Al-Naimi, shown in Kuwait last month, has played down the drop in oil prices. The country continues to pump oil at high levels, saying it wants to preserve its market share. But this has also contributed to a 25 percent drop in oil prices since June.
Yasser Al-Zayyat AFP/Getty Images

Originally published on Thu October 16, 2014 2:47 pm

With oil around $85 a barrel and tumbling to its lowest levels in several years, here's the upside: Gasoline prices are down, the U.S. is feeling less dependent on foreign crude, and serious economic pressure is growing on oil producers such as Iran and Russia.

Here's the downside: The low demand for oil reflects a fragile global economy that's vulnerable to additional shocks, like falling stock markets around the world.

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Planet Money
5:34 am
Thu October 16, 2014

Strong U.S. Dollar Pushes Oil Prices Lower

Originally published on Thu October 16, 2014 12:32 pm

Copyright 2014 NPR. To see more, visit http://www.npr.org/.

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RACHEL MARTIN, HOST:

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Business
5:34 am
Thu October 16, 2014

Crude Oil Prices Drop As Saudis Refuse To Cut Production

Originally published on Thu October 16, 2014 12:32 pm

Copyright 2014 NPR. To see more, visit http://www.npr.org/.

Transcript

STEVE INSKEEP, HOST:

The price of oil is plunging. Earlier this week, we told you it hit $89 a barrel.

RACHEL MARTIN, HOST:

Today we can tell you it's down below $85 - the lowest price in years and down 25 percent in recent months.

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American Made: The New Manufacturing Landscape
3:32 am
Thu October 16, 2014

W.Va. Pottery Company Keeps Popular Fiesta Line Thriving

Fiesta settings are displayed at the Homer Laughlin China Co. showroom at the company's headquarters in Newell, W.Va. The line currently has 15 colors.
Ross Mantle for NPR

Originally published on Fri October 17, 2014 11:20 am

You may not know the name Homer Laughlin, a china factory in Newell, W.Va., but you'll likely recognize — or have eaten off of — its most famous product: brightly colored, informal pottery called Fiesta.

While most of America's china factories have closed, unable to compete with "made in China" or Japan or Mexico, Homer Laughlin, which set up shop on the banks of the Ohio River in 1873, is still going strong. It employs about 1,000 people.

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New Boom
3:32 am
Thu October 16, 2014

For More Millennials, It's Kids First, Marriage Maybe

Phillip Underwood and Michelle Sheridan and their children, Logan and Lilliana, gather in their living room in Frederick, Md., after a long day of work and school. The couple had delayed marriage, in part for financial reasons.
James Clark NPR

Originally published on Fri October 17, 2014 9:09 am

Decades ago, an "oops" pregnancy might have meant a rush to the altar. But when Michelle Sheridan got pregnant three years ago, the topic of marriage never came up with her boyfriend, Phillip Underwood, whom she lives with in Frederick, Md.

If anything, it was the opposite.

"It changes the dynamic of the household," she says. "I had a friend who put off her marriage. Got pregnant, and she's like, 'Let's just wait, 'cause we don't know if we're going to be able to make it through this.' "

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The Two-Way
2:29 am
Thu October 16, 2014

Amazon To Hire 80,000 Holiday Workers

Ross D. Franklin AP

Originally published on Thu October 16, 2014 7:44 am

An increase in customer demand is spurring Amazon.com to create 80,000 seasonal positions at its network of distribution centers across the U.S.

That's a 14 percent increase over the number of temporary workers it hired last year at this time.

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Economy
4:23 pm
Wed October 15, 2014

Turmoil Continues In Financial Markets As Dow Plunges

A trader works on the floor of the New York Stock Exchange on Wednesday. Stocks took a beating, with key indexes falling more than 2 percent before bouncing back slightly.
Spencer Platt Getty Images

Originally published on Wed October 15, 2014 7:54 pm

It was another stomach-churning day on Wall Street. At one point, the Dow industrials were down 460 points — a huge drop that followed four consecutive days of stock market losses.

The decline more than wiped out the year's gains. But then late in the trading day, tocks started to recover. And by the close, the Dow's loss was a little more than 1 percent.

Investors are worried about a global economic slowdown, the Federal Reserve's next move and even the Ebola virus.

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Goats and Soda
3:41 am
Wed October 15, 2014

Should You Stock Up On Chocolate Bars Because Of Ebola?

Farmer Issiaka Ouedraogo lays cocoa beans out to dry on reed mats, on a farm outside the village of Fangolo, Ivory Coast.
Rebecca Blackwell AP

Originally published on Mon October 20, 2014 10:16 am

Jack Scoville was buying himself a chocolate bar a few weeks ago — Hershey's, milk — at a corner store in Chicago. And he noticed the price was just a bit higher than he's used to paying: 5 or 10 cents more. His first thought was not to blame a greedy store owner or the executives in Hershey, Pa.

He blamed Ebola.

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Economy
6:52 am
Tue October 14, 2014

Economists Theorize Eurozone May Experience Triple-Dip Recession

Originally published on Tue October 14, 2014 1:52 pm

Copyright 2014 NPR. To see more, visit http://www.npr.org/.

Energy
6:46 am
Tue October 14, 2014

As Oil Prices Slide, Speculation Rises On Shale Boom's Sustainability

Originally published on Tue October 14, 2014 8:00 am

Copyright 2014 NPR. To see more, visit http://www.npr.org/.

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NPR Story
5:09 am
Tue October 14, 2014

School Facilities Strained By Boom In Petroleum Engineering

Originally published on Tue October 14, 2014 8:00 am

Copyright 2014 KUNC-FM. To see more, visit http://kunc.org.

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World
4:31 pm
Mon October 13, 2014

Economics Nobel Awarded For Work On Regulating Big Businesses

Originally published on Mon October 13, 2014 4:58 pm

Copyright 2014 NPR. To see more, visit http://www.npr.org/.

The Two-Way
9:19 am
Mon October 13, 2014

French Economist Wins Nobel For Work On Regulating Big Business

French economist Jean Tirole won the Nobel prize for economics Monday for research on market power and regulation in industries dominated by a few powerful companies. The undated photo was provided by the Toulouse School of Economics.
AP

Originally published on Mon October 13, 2014 1:15 pm

Saying that he "clarified how to understand and regulate industries with a few powerful firms," the Royal Swedish Academy of Sciences has awarded the Nobel Prize in economic sciences to Jean Tirole, who teaches at the Toulouse School of Economics. He studies oligopolies, markets that are controlled by a handful of powerful (and interdependent) companies.

"I was very surprised, I was incredibly surprised," Tirole said shortly after he received the phone call informing him of the win. "The honor... it took me half an hour to recoup from the call. I still haven't recouped yet."

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Economy
7:56 am
Mon October 13, 2014

French Economist Wins Nobel For Market Power And Regulation Research

Originally published on Mon October 13, 2014 9:42 am

Copyright 2014 NPR. To see more, visit http://www.npr.org/.

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Business
5:11 am
Mon October 13, 2014

Speculation Abounds Over Who Will Win Economics Nobel

Originally published on Mon October 13, 2014 9:42 am

Copyright 2014 NPR. To see more, visit http://www.npr.org/.

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Your Money
12:36 pm
Sun October 12, 2014

The Holidays Bring A New Season For Credit Card Breaches

By this time next year, U.S consumer are likely to be using credit cards with electronic chips, like these in Germany. But such cards are expected to stop only 60 percent of fraud, prompting a retailers' spokesman to call them the "not-so-smart card."
Martin Meissner AP

Originally published on Tue October 14, 2014 8:00 pm

The holiday season is approaching, a time for sales and Santa and, now, credit card data breaches.

Though cyberthieves have stolen millions of card numbers this year, shoppers are heading into the heavy-spending season with no new credit safeguards in place.

When you hear about a data breach, Bryan Sartin is one of the guys who go in to investigate.

"I've seen my own personal information in those lots of stolen data many, many, many, many, many times," Sartin says.

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