Business & Education

Economy
3:03 pm
Thu July 3, 2014

Hiring Looks Good Now, But Wage Growth Lags

A Gap employee works at a store in San Francisco. The company plans to raise its minimum wage in phases to $10 an hour by next year.
Justin Sullivan Getty Images

Originally published on Thu July 3, 2014 4:12 pm

The unemployment report released Thursday by the Labor Department offered great news for job seekers: Hiring boomed in June.

That good news helped send stock prices to record levels, with the Dow Jones industrial average crossing the 17,000 mark for the first time to close at 17,068.26, up 92.02.

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U.S.
12:50 pm
Thu July 3, 2014

Federal Highway Program Could Run Out Of Money Next Month

The White House has warned that without more money for the federal Highway Trust Fund, which helps states pay for road and infrastructure projects, construction delays will put thousands out of work.
Seth Perlman AP

Originally published on Thu July 3, 2014 2:35 pm

Congress has yet another problem it can't solve.

For years, the main federal transportation program has been spending more money than it takes in. This year, the Congressional Budget Office estimates the Transportation Department will disburse $45 billion while collecting only $33 billion for its Highway Trust Fund.

As a result, Transportation Secretary Anthony Foxx warned states on Tuesday that they will start seeing cuts of 28 percent in federal funding for roads and bridges next month unless Congress comes up with some extra money.

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Economy
12:40 pm
Thu July 3, 2014

New Jobs Numbers: Has Economic Recovery Reached A Tipping Point?

Originally published on Thu July 3, 2014 4:13 pm

The economy added 288,000 jobs in June and the unemployment rate dropped to 6.1 percent. NPR's Marilyn Geewax and The Wall Street Journal's Sudeep Reddy discuss the latest jobs report.

The Two-Way
9:25 am
Thu July 3, 2014

Germany Votes For First-Ever Minimum Wage, Around $11.50

German Labor and Social Affairs Minister Andrea Nahles (center) and Chancellor Angela Merkel (right) cast their votes for a national minimum wage Thursday. The legislation sets a requirement of more than $11.50 in hourly pay.
Clemens Bilan AFP/Getty Images

Originally published on Thu July 3, 2014 1:15 pm

German lawmakers have approved a minimum hourly wage of 8.50 euros, backing a controversial proposal that would cover many workers starting next year. The amount is equal to more than $11.50 at today's exchange rate.

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All Tech Considered
8:58 am
Thu July 3, 2014

The Future Internet Is Not So Free Or Open, In Pew's New Survey

iStockphoto

Originally published on Mon July 7, 2014 10:04 am

What we know as the World Wide Web — the main way by which most of us access the Internet — just turned 25 this year. Its existence has allowed for all kinds of learning and free expression, coding and making, rule-breaking and platform-making.

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The Two-Way
7:42 am
Thu July 3, 2014

U.S. Added 288,000 Jobs In June, Labor Department Says

Originally published on Thu July 3, 2014 12:27 pm

Analysts' expectations of continued growth in the jobs report for June were surpassed by federal data issued this morning, as the Labor Department says U.S. employers added 288,000 jobs last month. The government released the numbers one day early because of the July 4 holiday.

Update at 8:35 a.m. ET: 288,000 Jobs Added

"Total nonfarm payroll employment increased by 288,000 in June, and the unemployment rate declined to 6.1 percent," the Bureau of Labor Statistics says.

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Planet Money
6:36 am
Thu July 3, 2014

How Every U.S. State Has Fared Since The Recession, In 1 Graph

Quoctrung Bui/NPR

Originally published on Thu July 3, 2014 9:35 am

This spring, the U.S. finally gained back all the jobs that were lost during the recession. In other words, the number of jobs in the country is now higher than it was back in January 2008, at the beginning of the recession.

But the jobs are different — and they're in different places. In a handful of states, there are lots more jobs than there used to be. But in many others, there are still far fewer jobs than there were before the recession.

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Business
6:15 am
Thu July 3, 2014

China Announces Another Easing Of Its Currency Controls

Originally published on Thu July 3, 2014 10:14 am

Transcript

DAVID GREENE, HOST:

Business
5:07 am
Thu July 3, 2014

Before The Holiday Weekend, Latest Jobless Report Is Issued

Originally published on Thu July 3, 2014 10:14 am

Transcript

DAVID GREENE, HOST:

We'll get an important snapshot of the U.S. economy today. The job market in this country has been racking up some healthy gains over the past few months. That trend is expected to continue. We'll find out if it does when the Labor Department releases its monthly jobs report later this morning. Here's a preview from NPR's Jim Zarroli.

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NPR Story
4:18 am
Thu July 3, 2014

Supreme Court's Hobby Lobby Ruling Yields Polarized Debate

Originally published on Thu July 3, 2014 10:14 am

Transcript

RENEE MONTAGNE, HOST:

Now let's get one more perspective on a deeply polarized debate, a debate set off by this week's Supreme Court ruling in a case brought by the craft store chain Hobby Lobby. The court found that some business owners with religious objections to contraceptives cannot be required to provide them to their employees with their health insurance plans. But does that ruling end there? Our Steve Inskeep digs deeper into what's fueling this debate.

STEVE INSKEEP, HOST:

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The Salt
4:37 pm
Wed July 2, 2014

Big Bucks From Strawberry Genes Lead To Conflict At UC Davis

Originally published on Wed July 2, 2014 5:26 pm

Yesterday, we reported on a legal tussle over control of the country's top center of strawberry breeding, at the University of California, Davis. But there's a backstory to that battle. It involves the peculiar nature of the UC Davis strawberry program.

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Around the Nation
4:31 pm
Wed July 2, 2014

Florida County Goes To Court Over 'Acid Fracking' Near Everglades

Originally published on Wed July 2, 2014 6:20 pm

In southwest Florida, county officials are fighting the state over a new oil drilling process that's known by many different names: acidification, acidizing, acid stimulation and acid fracking.

Collier County has charged that state regulators have been lax in their oversight of the drilling, jeopardizing public health and the environment.

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The Two-Way
3:46 pm
Wed July 2, 2014

Facebook's Sandberg Apologizes For Newsfeed Experiment

Facebook chief operating officer Sheryl Sandberg addresses an interactive session organized by the women's wing of the Federation of Indian Chambers of Commerce and Industry (FICCI) in New Delhi on Wednesday.
Chandan Khanna AFP/Getty Images

Originally published on Wed July 2, 2014 6:10 pm

Facebook's No. 2 executive apologized on Wednesday over an experiment that manipulated the news feeds of more than 600,000 users.

The Wall Street Journal reports Sheryl Sandberg said the study was communicated "poorly." The paper adds:

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Business
3:34 pm
Wed July 2, 2014

It's The Year Of The Recall, And It Finds GM Busy

Originally published on Wed July 2, 2014 6:20 pm

Transcript

MELISSA BLOCK, HOST:

From NPR News it's ALL THINGS CONSIDERED. I'm Melissa Block.

ROBERT SIEGEL, HOST:

And I'm Robert Siegel. It's the year of recalls in the auto industry, especially for General Motors. This week GM announced another slew of them, bringing its total to 54 recalls this year. Other automakers are also recalling more vehicles, but it's at GM where the pace is so fast, that it's hard to keep track. But NPR's Sonari Glinton is keeping track and he now joins us to talk about how the company is handling all of these recalls. Hi, Sonari.

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Planet Money
3:34 pm
Wed July 2, 2014

The Company Where Everyone Knows Everyone Else's Salary

Paycheck
iStockphoto.com

Originally published on Wed July 2, 2014 6:20 pm

Dane Atkinson is a tech entrepreneur who started his first company at 17 and has run almost a dozen more since. He's so friendly that he manages to sound cheerful while explaining the art of hiring workers for as little money possible.

"I have on many occasions paid the exact same skill set wildly different fees because I was able to negotiate with one person better than another," he says.

Some employees were worth $70,000 a year, but only asked for $50,000 a year. So, he says, he paid them $50,000 a year.

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