New York City became the most populous place in the United States to require businesses to give employees paid sick leave. Mayor Michael Bloomberg had previously vetoed this requirement, but has now been overruled by the City Council.
Sony and Microsoft are preparing to launch their latest gaming consoles this fall with price tags from $400 for the PlayStation 4 and $500 for the Xbox One. But this week, a $99 game console went on sale and sold out at Target and Amazon.
No Free Doughnuts, Even In Space: PayPal is announcing a project with SETI, aiming to solve issues around taking regular people — and commerce — into space. Here, an artist's rendering of a space hotel, from the Space Tourism Society.
Originally published on Thu June 27, 2013 11:48 am
Many people know how to buy things in cyberspace. But what about doing business in outer space? That's the question PayPal says it wants to answer. Citing the looming era of space tourism, the company is creating the PayPal Galactic project along with the SETI Institute, "to help make universal space payments a reality."
American Chip Starnes, co-owner of Specialty Medical Supplies, waves Monday from a window where he is being held by angry workers inside his plant at the Jinyurui Science and Technology Park on the outskirts of Beijing. He remained confined to the plant on Wednesday.
When Chinese workers have a grievance, they are increasingly taking dramatic and direct action.
As we've reported, an American executive at a Chinese factory has been prevented by workers from leaving the plant since Friday. Chip Starnes of Specialty Medical Supplies says it's a misunderstanding following a decision to shut down part of his medical-supply business and move some jobs to India where wages are lower.
It's MORNING EDITION, from NPR News. I'm Renee Montagne.
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And I'm David Greene. Good morning. In the midst of the housing crisis in 2008, the mortgage giants Fannie Mae and Freddie Mac were brought into government hands. And today, over 90 percent of mortgages are guaranteed by the U.S. government. That's a potential burden for taxpayers if mortgages fail. Yesterday, a bipartisan Senate bill was introduced to try to unwind the government takeover, as well as Fannie and Freddie. NPR's Yuki Noguchi reports.
And before leaving on his trip to Africa, President Obama had some other words on another subject. He announced a wide-ranging plan to address climate change. Rather than taking that plan to Congress and fighting it out, Obama is using his executive powers to implement it without new laws. The president wants the Environmental Protection Agency to restrict carbon-dioxide emissions from power plants. The biggest source of those emissions is coal-fired facilities.
And that brings us to today's last word in business - which is: Courtesy Seating.
Jessie Frank was a distraught mom who was going to be late picking up her daughter at camp.
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She was on stand-by in Washington, D.C. for an over-booked Delta Flight to New York, when a man offered up his seat. Turns out it was Delta CEO Richard Anderson. His kindness helped the mom and earned some good PR for the company.
High-paying investors have helped Las Vegas' real estate prices to bloom in a place that once ranked as the country's foreclosure capital.
Thanks to these big-money investors as well as a shortage of supply, the median price for a single-family home in Vegas is up 32.8 percent from a year ago, according to the Greater Las Vegas Association of Realtors.
Lawmakers continue to wrangle over a bill that would overhaul the nation's immigration system. One provision in this bill would allow companies to import a lot more skilled workers. The tech industry has lobbied hard for this, despite fears among some American workers about the extra competition.
Illinois Senator Dick Durbin says the bill has American workers covered. "Employers will be given a chance to hire a temporary foreign worker when truly needed. But first, they'll be required to recruit Americans. No exceptions, no excuses," he said.