Business

Asia
6:23 am
Tue September 4, 2012

What's Next? China's Fast-Growing Economy Slows

Originally published on Tue September 4, 2012 5:29 pm

Transcript

STEVE INSKEEP, HOST:

Not so long ago, the journalist James Fallows made a prediction about China. Many Americans worry about the power of a rising China, but Fallows argued that in the next few years Americans may have more to worry about from China's weakness.

China's economic boom has altered the world economy, but its growth is slowing down. And we're going to talk about that with Beijing-based economist Patrick Chovanec. He's on the line from Beijing.

Welcome to the program.

PATRICK CHOVANEC ECONOMIST: Good to be here.

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All Tech Considered
4:53 pm
Mon September 3, 2012

When A Kickstarter Campaign Fails, Does Anyone Get Their Money Back?

In seeking financial backers for her Ouya game console, Julie Uhrman was looking for about $1 million. The business received far more than that amount.
Kickstarter

Originally published on Wed September 5, 2012 3:48 pm

Crowd funding began as a way to support the arts on the Internet. Artists could go online to pitch a new album, for example, in the hope that thousands would give small amounts. But now it's expanded to entrepreneurs, and the rules aren't quite as clear.

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The Two-Way
7:43 am
Mon September 3, 2012

Trucks Full Of Cash: U.S. Firms Make Plans For Greece Euro Exit

A woman walks past a closed branch of the ATE bank in Athens, on July 30 as employees of the bank went on strike.
Angelos Tzortzinis AFP/Getty Images

Originally published on Mon September 3, 2012 8:41 am

European leaders have vowed to do all they can to keep the eurozone intact, but U.S. companies are making contingency plans in case Greece is forced to leave the currency union.

The New York Times said major U.S. banks and corporations are "preparing for what was once unthinkable" — Greece's exit from the eurozone:

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Business
6:15 am
Mon September 3, 2012

Labor Day Check On The Jobs Market

Originally published on Mon September 3, 2012 7:23 am

At the end of this week, the government's latest snapshot of the job market will be released. David Greene talks to David Wessel, economics editor of The Wall Street Journal, about the unemployment rate.

Politics
9:42 am
Sun September 2, 2012

Occupy Plans Resurgence At Democratic Convention

Occupy Wall Street activist Jason Woody listens to a speaker during a rally before the start of the Republican National Convention in Tampa, Fla., on Aug. 27.
Steve Nesius Reuters/Landov

Originally published on Sun September 2, 2012 1:07 pm

As President Obama reintroduces himself to America at the Democratic National Convention in Charlotte, N.C., next week, the Occupy movement will be there trying to do the same.

Remember Occupy Wall Street, originator of the "We are the 99 percent" slogan?

The group, which helped reshape the nation's political discourse last year before falling into disarray and uncertainty, plans to hold a demonstration outside the convention hall in an effort to recapture the spotlight. A Tampa, Fla., Occupy group protested at the Republican convention in there last week.

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The Salt
8:03 am
Sat September 1, 2012

Want To Grill Like A Zillionaire? There's An App For That

The iGrill on display at Macworld 2011in San Francisco.
Tony Avelar Bloomberg via Getty Images

Originally published on Wed September 19, 2012 4:14 pm

There are so many cooking apps out there, it's easy to get lost. Good thing the iGrill has Facebook founder Mark Zuckerberg on its side.

Sales of the $80 device spiked by 400 percent after Zuckerberg updated his Facebook status on Aug. 19 with an enthusiastic thumbs up for the iGrill, a cooking thermometer that uses Bluetooth to connect to the iPhone, iPad and iPod Touch.

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Economy
6:11 am
Sat September 1, 2012

The Economy: What Are The Central Bankers Saying?

Originally published on Sat September 1, 2012 3:31 pm

Transcript

(SOUNDBITE OF MUSIC)

SCOTT SIMON, HOST:

This is WEEKEND EDITION from NPR News. I'm Scott Simon. Every year at this time, many of the world's central bankers gather in Jackson Hole, Wyoming for an annual economic policy symposium, within sight of snow-capped mountain peaks. The economy continues to be weak in much of the world. A select group of journalists is allowed to attend - and Robin Harding, the U.S. Economics Editor of the Financial Times, is one of those journalists.

He joins us from Jackson Hole. Mr. Harding, thank you for being with us.

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Your Money
6:11 am
Sat September 1, 2012

Saving For Retirement? Here's A Tip

Originally published on Tue September 4, 2012 5:05 pm

Anyone with a 401(k) retirement plan has been painfully aware of the gyrations in the stock market in recent years. The market has come back up lately, but the economy is still in low gear, so many analysts aren't too bullish in the short term. Also, treasuries and CDs are offering tiny returns.

So what's the average American trying to save for retirement to do? Answers are percolating at an annual economics retreat in Maine.

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The Salt
4:45 pm
Fri August 31, 2012

Battle Over Michigan's New Swine Rules Goes Hog Wild

A Russian sow on Mark Baker's farm. Four other parties have joined Baker's lawsuit against the Michigan Department of Natural Resources.
Courtesy of Long Haul Productions

Originally published on Wed September 19, 2012 4:33 pm

It's estimated that as many as 3,000 wild pigs are on the loose in Michigan. Nationwide, they cause more than $1.8 billion in damage to farms each year. So recently, the state's Department of Natural Resources put Russian boar on the state's invasive species list.

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Economy
4:18 pm
Fri August 31, 2012

Bernanke Supports Stimulus But Stays Quiet On Plans

Originally published on Fri August 31, 2012 6:39 pm

Transcript

MELISSA BLOCK, HOST:

It's ALL THINGS CONSIDERED from NPR News. I'm Melissa Block. Federal Reserve Chairman Ben Bernanke made it about as clear as he could today he favors additional steps to stimulate the economy. But he stopped short of saying when the Fed might take action. Bernanke spoke at an economic conference in Jackson Hole, Wyoming. And as NPR's Jim Zarroli reports, he spent much of his time defending the steps the Fed has already taken to address the weak economy.

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Economy
3:08 pm
Fri August 31, 2012

Are Today's Millennials The 'Screwed Generation'?

Graduates attend a ceremony at the University of Alabama in Tuscaloosa. Writer Joel Kotkin notes that many recent college grads are saddled with high debt and dim job prospects.
Butch Dill AP

Originally published on Mon September 3, 2012 6:18 pm

U.S. student loan debt tops $1 trillion, and young people face disproportionately high unemployment. Writer Joel Kotkin points to these numbers when he claims today's millennial generation is getting the short end of the stick. Kotkin speaks with Tell Me More host Michel Martin about his Newsweek/Daily Beast article on what he calls the "screwed generation."

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U.S.
2:43 pm
Fri August 31, 2012

Gas Prices Expected To Retreat As Isaac Fades

A man fills his gas tank Wednesday in Lyndhurst, Ohio. Gas prices surged as Isaac approached, but are expected to ease after Labor Day.
Tony Dejak AP

Originally published on Fri August 31, 2012 6:12 pm

As a tropical storm was gathering strength last week, fears were growing that the fierce winds might knock out Gulf Coast refineries, send gasoline prices soaring and seriously damage the U.S. economy.

But when Hurricane Isaac slammed into the Gulf Coast on Tuesday, it was only a Category 1 hurricane, far weaker than Katrina, the monster storm that hit seven years ago.

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Planet Money
1:56 pm
Fri August 31, 2012

Inside America's Most Indebted City

A garbage truck at the Harrisburg, Pa., incinerator.
Mladen Antonov AFP/Getty Images

Originally published on Thu September 6, 2012 4:58 pm

Harrisburg, Pa., leads the nation in a dubious distinction: It has the most debt per capita of any U.S. city. The town's 50,000 citizens are on the hook for $1.5 billion.

The bizarre tale behind the massive debt includes a do-gooder who skipped town, an epically mismanaged incinerator, and possible criminal behavior.

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The Two-Way
10:29 am
Fri August 31, 2012

Fed Chief Bernanke Issues Strong Hint Of Further Stimulus

Federal Reserve Chairman Ben Bernanke arrives for a dinner at the Jackson Hole Economic Symposium on Thursday.
Ted S. Warren AP

Originally published on Fri August 31, 2012 10:49 am

As the AP reads it, Federal Reserve Chairman Ben Bernanke stopped just short of "committing the Fed to any specific move, such as another round of bond purchases to lower long-term interest rates."

Bernanke gave a speech at the Federal Reserve Bank of Kansas City Economic Symposium in Jackson Hole, Wy. today. As with all his speeches, it was being closely watched for signs on what the Federal Reserve would do next.

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Business
4:44 am
Fri August 31, 2012

Norwalk, Ct., Schools Avert Budget Crisis

Originally published on Fri August 31, 2012 12:48 pm

Transcript

STEVE INSKEEP, HOST:

And now let's report on a battle playing out on Norwalk, Connecticut. Eleven thousand students went back to school in Norwalk this week after a summer clash over budget cuts - the kinds of budget cuts that are familiar to people across this country. Dozens of teachers and other staff were reinstated in Norwalk, following protests by parents over the budget cuts.

As Kaomi Goetz of member station WSHU reports, parents are still frustrated.

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Politics
4:34 pm
Thu August 30, 2012

GOP Delegates Say Romney Must Focus On Economy

Originally published on Thu August 30, 2012 6:09 pm

Robert Siegel talked to scores of delegates of all types to find out what they think Mitt Romney should say in his acceptance speech tonight. The economy and jobs were the most mentioned topics.

Economy
11:05 am
Thu August 30, 2012

Who Really Changes The Economy?

Microsoft co-founder Bill Gates
AP

With Election Day drawing closer, each presidential candidate is pushing harder to make the case that he would be a better leader for the economy.

And voters are listening to the pitches. A recent Washington Post-ABC poll showed that nearly 3 in 4 Americans say the candidate's approach to the economy will be a "major factor" in deciding between President Obama and Gov. Mitt Romney.

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The Two-Way
8:52 am
Thu August 30, 2012

Jobless Claims Saw Little Change Last Week; Four-Week Average Is Up

The number of Americans filing first-time claims for unemployment remained flat, last week, the Employment and Training Administration reports. In the week that ended Aug. 25, a seasonally adjusted 374,000 claims were filed, matching the previous week's total, which was revised up.

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It's All Politics
7:42 am
Thu August 30, 2012

Ryan's Speech Revives The Spirit Of Jack Kemp, War Over Reaganomics

Rep. Paul Ryan, the GOP vice presidential nominee, became a speech writer for the conservative Republican politician Jack Kemp after graduating from college in 1992.
J. Scott Applewhite AP

Originally published on Thu August 30, 2012 8:47 am

The second night of the Republican convention was an orchestrated buildup for Mitt Romney's running mate, Paul Ryan.

Ryan emerged at the evening's end to deliver the payoff speech and introduce himself to a national audience. He did a rousing job of it, delivering the session's most memorable material with stark intensity.

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Business
5:56 am
Thu August 30, 2012

Samsung Licks Its Wounds After Losing Patent Suit

Originally published on Thu August 30, 2012 8:17 am

David Greene talks to Ina Fried, a senior editor at the website All Things Digital, about the next steps for Samsung after it lost a patent lawsuit to Apple.

Around the Nation
3:15 am
Thu August 30, 2012

In Drought, Should Corn Be Food Or Fuel?

Drought has taken a toll on corn this year, and as a result, a growing number of ethanol plants have closed.
Saul Loeb AFP/Getty Images

Originally published on Thu August 30, 2012 5:56 am

Standing outside the Central Minnesota Ethanol Co-Op in Little Falls, Minn., there's not a lot going on. The pungent smell of fermentation that typically hangs in the air here is absent. And trucks piled high with corn are nowhere to be seen.

They're idled in part because of high corn prices. And it's unclear when that will change.

"Most of the industry is just breaking even in terms of profitability or actually running at slightly negative margins," says Geoff Cooper, vice president of research and analysis at the Renewable Fuels Association.

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The Two-Way
8:53 am
Wed August 29, 2012

U.S. Economy Grew At 1.7 Percent Annual Rate In Second Quarter

The Bureau of Economic Analysis revised its GDP numbers today, saying that during the second quarter of this year, the United States economy grew at a 1.7 percent annual rate.

That's up from its original estimate of 1.5 percent.

The BEA reports:

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Around the Nation
6:43 am
Wed August 29, 2012

Calif. Leaders Agree To Overhaul Pension System

Originally published on Thu August 30, 2012 4:04 am

Transcript

DAVID GREENE, HOST:

California's governor, Jerry Brown, has announced a set of long-awaited reforms to his state's underfunded public pension system. The Democratic governor says the package will save the state about $30 billion in the future. More details of the cost savings are expected later today.

Brown is hoping the reforms will pave the way for another of his policy goals, as NPR's Richard Gonzales reports.

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Africa
3:12 am
Tue August 28, 2012

Somaliland: A Pocket Of Stability In A Chaotic Region

Bundles of Somaliland's own currency bills are laid out by a money-changer on a street in Hargeisa, capital of the unrecognized breakaway republic of Somaliland in northwestern Somalia. Investors are beginning to move into the untapped market in Somaliland, a stable island in a turbulent region.
Kyodo/Landov

Originally published on Tue August 28, 2012 9:32 am

Somalia is synonymous with failed states, pirates and Islamist militants. But in the nation's northwest lies a peaceful, stable territory with an elected government known as Somaliland. The enclave broke away from the fractious Horn of Africa nation in 1991 and has been going it alone ever since.

To the disappointment of its residents, Somaliland has not been recognized as an independent nation, but its stability is attracting investors that other parts of Somalia can only dream of.

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The Impact of War
2:11 pm
Mon August 27, 2012

Helping Recent Vets Find Meaning In New Jobs

Transcript

NEAL CONAN, HOST:

This is TALK OF THE NATION. I'm Neal Conan in Washington.

When former Navy SEAL Eric Greitens returned to civilian life, he heard his fellow veterans asked the same question over and over: What do I do now? Part of the problem is the economy. Veterans of Afghanistan and Iraq face unemployment rates even higher than that in the general population. Part of it's mutual incomprehension. Vets say employers don't understand how the skills they learned in the military can translate.

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Economy
11:48 am
Mon August 27, 2012

How Has The Economy Changed Since 2008 Elections?

Transcript

MICHEL MARTIN, HOST:

I'm Michel Martin and this is TELL ME MORE from NPR News. Coming up, the NFL is in the middle of another lockout, but it's not the players. We'll get more from Sports Illustrated's Pablo Torre in just a few minutes.

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Business
10:04 am
Mon August 27, 2012

As Conventions Begin, Where Is The U.S. Economy?

Sales of new homes, like this one in Palo Alto, Calif., rose 3.6 percent in July.
Paul Sakuma AP

Originally published on Mon August 27, 2012 2:52 pm

In late August of 2008, just as delegates were coming together for their political-party conventions, the U.S. economy was falling apart. Home sales were shutting down, employers were slashing payrolls, and financial institutions were lurching toward chaos.

Subsequent weeks saw political leaders and regulators fighting through one gut-wrenching day after another, trying to avert a complete collapse of global markets. On Sept. 24, Republican presidential candidate John McCain temporarily suspended his campaign to help Congress develop financial bailout plans.

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Business
5:18 am
Mon August 27, 2012

New Hampshire, A Low-Cost Massachusetts?

Originally published on Mon August 27, 2012 10:56 am

New Hampshire's economy is comparatively strong these days, but that strength varies depending on where you are in the small state. The closer you get to its border with Massachusetts, the more robust the economic activity. The state has been aggressive about marketing the so-called "New Hampshire Advantage."

Economy
6:24 am
Sun August 26, 2012

Looking At The Economy On The Campaign Trail

Originally published on Sun August 26, 2012 12:32 pm

Transcript

LINDA WERTHEIMER, HOST:

Once the Republican convention gets underway, we can expect to hear a lot of talk about jobs and the economy. That is the ground where Mr. Romney wants this fight to happen. Just this past week, the Congressional Budget Office said the country would see a significant recession if Congress fails to resolve differences over a series of automatic tax increases and budget cuts, scheduled to happen in January. With so much at stake, just how constructive is the level of economic discourse in this presidential campaign?

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Economy
11:15 am
Fri August 24, 2012

Will Dreamers Help Or Hurt The Economy?

There's a debate going on about whether President Obama's deferred action program for undocumented workers will help boost the economy, or hurt it. Guest host Viviana Hurtado hears two opposing views from Muzaffar Chishti of the Migration Policy Institute, and Vanderbilt University law professor Carol Swain.

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