Business & Education

Business
6:02 am
Fri July 11, 2014

Economists Say Inflation Is Tame; Consumers Aren't Buying It

Meat is displayed in a case at a grocery store in Miami. The index of retail prices for meats, poultry, fish and eggs was up 7.7 percent from a year ago — more than triple the overall inflation rate.
Joe Raedle Getty Images

Originally published on Fri July 11, 2014 8:15 am

Economists regularly issue reports calling inflation tame or mild, or some other word that suggests consumers shouldn't be feeling much pain.

One example: "Inflation has been tame and this is providing households with some relief" from economic stress, according to an assessment done this week by PNC Financial Services.

But if you happen to be buying gasoline or groceries, you may not be feeling relieved — at all.

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Business & Education
5:29 am
Fri July 11, 2014

Complaints Lead to New Student Enrollment Forms

Tommy Bice
Credit The Montgomery Advertiser

Alabama's school superintendent is telling all Alabama public school systems to start using a new student enrollment process that makes clear a Social Security number or birth certificate is not necessary for enrollment.

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Business
4:06 am
Fri July 11, 2014

Economy Hurts Young Adults Looking For Their First Job

Originally published on Fri July 11, 2014 7:01 am

Youth unemployment is double the national rate. Renee Montagne talks to Roberto Angulo of AfterCollege Inc. and Courtney Hawkins of the Federation Employment & Guidance Service Bronx Youth Center.

Business
4:00 am
Fri July 11, 2014

Hottest Burger In Britain Burns 2 Journalists

Originally published on Fri July 11, 2014 7:01 am

Two journalists from a newspaper in Brighton, England, went to the hospital after sampling the Hot Chili Burger. The heat is in the sauce, which is rated about 3,000 times hotter than Tabasco sauce.

Business
4:00 am
Fri July 11, 2014

World Cup Broadcasting Rights Pay Off For ESPN, Univision

Originally published on Fri July 11, 2014 4:45 am

Renee Montagne talks to John Ourand of the Sports Business Journal about the business of watching the World Cup. It's been a boon for ESPN and Univision even with limited advertising during the games.

Business
4:00 am
Fri July 11, 2014

FTC Sues Amazon Over In-App Purchases Made By Kids

Originally published on Fri July 11, 2014 7:01 am

Amazon is facing charges by the Federal Trade Commission that it willingly allowed children to make millions of dollars in purchases inside apps without parental consent.

Planet Money
2:31 am
Fri July 11, 2014

When Ikea Raises Its Minimum Wage, Where Does The Money Come From?

Flickr user: dahlstroms

Originally published on Fri July 11, 2014 7:01 am

Ikea, a company famous for keeping its costs down, recently announced that it would raise the average minimum wage for its retail workers to $10.76 an hour. Why would the company volunteer to pay its workers more?

"By taking better care of our coworkers," says Rob Olson, the acting president of Ikea U.S., "they will take better care of our customers, who will take better care of Ikea. We see it as a win-win-win opportunity."

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Business
4:50 pm
Thu July 10, 2014

Picketing Truckers Raise Tensions At LA Port Amid Dockworker Talks

Picketers supporting independent truck drivers at the ports of Los Angeles and Long Beach stand outside a container terminal.
Kirk Siegler NPR

Originally published on Thu July 10, 2014 6:04 pm

Labor tensions are high at the largest port complex in the country — Los Angeles and Long Beach — which handles nearly half of all the cargo coming into the United States.

Short-haul truck drivers are striking. They're the independent, contract truckers who bring the containers off the ships to nearby warehouses for companies like Wal-Mart and Costco. At the twin ports, their numbers hover around 10,000.

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All Tech Considered
3:08 pm
Thu July 10, 2014

A New Device Lets You Track Your Preschooler ... And Listen In

KizON went on sale in South Korea this week, with North America and Europe to follow later this year. Its price has not yet been announced.
LG

Originally published on Thu July 10, 2014 5:51 pm

I was always thankful that my parents didn't "leash me" at the mall or grocery store when I was a child — but you'll never guess what parents can strap on their kids nowadays.

LG Electronics introduced a device Wednesday called the KizON. Meant for those in preschool and primary school, it's essentially a kid-tracking wristband.

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The Two-Way
2:15 pm
Thu July 10, 2014

Eileen Ford, Creator Of The Supermodel, Dies At 92

Eileen Ford with two of her famous models, Cheryl Tiegs (left) and Cristina Ferrare, in New York in 1983. Ford died on Wednesday at age 92.
Marty Lederhandler AP

Originally published on Thu July 10, 2014 6:58 pm

Eileen Ford, who is credited with inventing the modern modeling business and in the process launching the careers of supermodels such as Lauren Hutton, Christie Brinkley and Naomi Campbell, has died at 92.

A spokeswoman who handles public relations for Ford Models confirmed Wednesday's death, which follows a fall Ford took last week at her New York apartment.

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The Two-Way
12:22 pm
Thu July 10, 2014

Samsung Faces Allegation That A Chinese Supplier Used Child Labor

Electronics giant Samsung is facing allegations that a supplier in China used child labor to meet the company's production targets.
Michael Conroy AP

Originally published on Thu July 10, 2014 12:23 pm

One of electronics giant Samsung's suppliers in China used child labor to meet the South Korean company's production targets, a labor watchdog said in a report Thursday.

New York-based China Labor Watch says the Shinyang Electronics factory in Dongguan, China, hired child labor and underage student workers, altering "the strictness of hiring practices in order to adapt to Samsung's demands."

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Business & Education
6:17 am
Thu July 10, 2014

ASU Committee Discusses Financing, Accreditation

Credit manifestcollegemag.com

Alabama State University officials have outlined initial steps they plan to take to recover from a credit downgrade and are looking for more information on specific things the school needs to do to respond to warning from an academic accreditation agency.

The Executive Committee of the Board of Trustees met Wednesday afternoon. Chairman Elton Dean says he's assembled a group tasked with having weekly conference calls to discuss what the school needs to do to recover from its third credit downgrade by Moody's Investors Service within a roughly nine month period.

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Politics
5:52 am
Thu July 10, 2014

Contraceptive Ruling Becomes Campaign Trail Flashpoint

Originally published on Thu July 10, 2014 10:30 am

Transcript

RENEE MONTAGNE, HOST:

Democrats in the Senate have unveiled legislation to override the recent Supreme Court decision on contraceptives.

STEVE INSKEEP, HOST:

In that decision, the court sided with the owners of Hobby Lobby, a chain of craft stores, ruling that many businesses do not have to pay for health insurance to cover contraceptives if they object on religious grounds.

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Asia
4:35 am
Thu July 10, 2014

China's Booming Real Estate Market Finally Begins To Slide

Villas in a luxury compound in Wuxi, in China's eastern Jiangsu province, sit empty after a year while more apartment blocks rise in the distance.
Frank Langfitt NPR

Originally published on Thu July 10, 2014 10:38 am

After years of stunning growth, China's go-go real estate market is now in retreat.

Prices fell last month in 79 out of 100 cities, according to the China Real Estate Index run by SouFun Holdings, a real estate website. Land sales dropped nearly 30 percent this spring from a year earlier.

Real estate has been one of the engines driving the world's second-largest economy, which is why economists in China and around the world are watching the market closely these days.

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Business
4:01 am
Thu July 10, 2014

Rejoice! Chocodiles Are Back

Originally published on Thu July 10, 2014 10:30 am

Transcript

RENEE MONTAGNE, HOST:

And our last word in business today is Chocodile.

STEVE INSKEEP, HOST:

The Chocodile is part of an American comeback story. Hostess, the snack food company that makes the legendary yellow spongy Twinkie, was saved from bankruptcy last year.

MONTAGNE: In June, the company got a new CEO, and this week, it announced the return of the Chocodile.

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