The World Trade Organization has received the unanimous backing of its 160 member nations for a first-ever multilateral trade deal, an agreement that has been years in the making and that the organization claims could add $1 trillion annually to global commerce.
Originally published on Mon December 1, 2014 10:53 am
Update at 5:50 p.m. ET
OPEC oil ministers have agreed to keep production levels steady, virtually ensuring continued low prices at the gas pump and lower costs for jet fuel that could translate into cheaper air-ticket prices.
Reuters reports: "Benchmark Brent futures settled at $72.58 a barrel, down $5.17, after hitting a four-year low of $71.25 earlier in the session. The contract was on track for its biggest monthly fall since 2008. U.S. crude was last down $4.64 at $69.05 a barrel."
Originally published on Thu November 27, 2014 11:12 am
RENEE MONTAGNE, HOST:
Louisiana is known as the pelican state, but it's now trying out a new nickname, Hollywood South. Thanks to some very generous tax credits more movies are filmed in Louisiana than any other state, California included. From New Orleans, Kate Richardson of member station WWNO has the story.
Originally published on Wed November 26, 2014 7:01 pm
Vince Cameron knows all the people buzzing around the Port of Jacksonville in their bright blaze vests. "My dad was a longshoreman for 44 years on these docks before he retired," he says. "I'm a child of this port."
In his hard hat and with a whistle around his neck, Cameron looks on as a weathered Horizon Lines freighter pulls in from Puerto Rico.
The ship is "a baby in the whole scheme of things," says Cameron, president of the local longshoreman's union. "It's a good ship ... but she's kinda slow and she uses diesel fuel. I mean, she drinks it like water."
Originally published on Wed November 26, 2014 5:38 pm
Turkey is a land of fine honey. Bees produce more of the sweet stuff in Turkey than in any other country except China. And Turkish consumers happily eat most of it themselves. Very little Turkish honey is exported. When it is, it usually commands premium prices.
But some American honey producers say they've observed something odd: cheap Turkish honey headed to the U.S. The U.S. producers think it's not really Turkish honey — and that it actually comes from a country farther to the east.
Originally published on Wed November 26, 2014 1:28 pm
Exactly what would happen to the Affordable Care Act if the Supreme Court invalidates tax credits in three dozen states where the federal government runs the program?
Legal scholars say a decision like that would deal a potentially lethal blow to the law because it would undermine the government-run insurance marketplaces that are its backbone, as well as the mandate requiring most Americans to carry coverage.
Originally published on Wed November 26, 2014 2:15 pm
When a man drives by the strip at Lumley Beach in downtown Freetown at night, he'll probably hear a sharp hiss. That's not an unusual sound in Sierra Leone. People hiss instead of whistling — to get your attention, to call for the bill at a restaurant, to buy a bottle of water on the street.
But the hissing along a stretch of beachfront road at Lumley Beach has a different purpose. It's the sound prostitutes make, and they've perfected the hiss. That's why they're called serpents.
Originally published on Thu November 27, 2014 3:21 pm
Black Friday sales seem to start earlier and earlier every year. But what makes us want to rush to the stores or online to snap up the best bargains?
Those wall-to-wall TV ads — and the holiday season itself — are tapping into a very primitive part of our brains.
"There is more of a sport to Black Friday shopping, and people expect some deal, but they aren't likely to get the best deal on a particular item because the best deal may have already happened six months ago," says Sucharita Mulpuru, a retail analyst with Forrester Research.