It's MORNING EDITION, from NPR News. Good morning. I'm Renee Montagne.
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And I'm Steve Inskeep.
Protests are planned at fast-food chain restaurants 100 American cities today. Unions are staging these protests as part of a campaign to press the industry to pay more than the minimum wage. In fact, organizers are calling for $15 per hour. In some cases, that would double the pay that workers get now, and the industry appears unlikely to do that voluntarily.
It is freezing here in Southern California. Overnight, temperatures plunged into the 20s and that cold front is threatening citrus and avocado orchards through Central and Southern California. Citrus alone is a $20 billion industry here. So growers are scrambling to protect their crops.
We reached one of them - Jim Churchill - who grows Pixie tangerines in the Ojai valley north of Los Angeles. He was spending the night in his orchard. And Jim Churchill, good morning. And this is probably the first of a few nights, right?
NPR's business news starts with an Asian breakthrough for Apple.
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INSKEEP: Wireless phone carrier China Mobile has signed a deal with Apple to offer iPhones on its network. According to The Wall Street Journal, the deal would give Apple access to China Mobile's many subscribers - around 700 million of them. That's about seven times more subscribers than Verizon - which is the largest mobile carrier in the United States.
Originally published on Wed December 4, 2013 6:27 pm
MSNBC host Martin Bashir has resigned from the network following controversial remarks he made about former Alaska Gov. Sarah Palin.
Some three weeks ago, Bashir referred to Palin as a "world-class idiot" for suggesting that U.S. indebtedness to China was akin to slavery. The television host quoted from plantation owner Thomas Thistlewood's diary describing a punishment for slaves that involved having others defecate in their mouths.
The oil boom in the United States is creating another boom — for the railroad industry.
So far this year, in North Dakota alone, 140 million barrels of oil have left on trains. Shipments of crude oil by rail are up almost 50 percent over last year — and this upward trend is expected to continue.
A visit to the world-famous Tehachapi Loop, part of a winding mountain pass in Southern California, demonstrates the scale and reach of the oil boom in the middle of the country. As a train full of oil tanker cars rumbles past, it's hard not to think of it as a pipeline on wheels.
The Planet Money men's T-shirt was made in Bangladesh, by workers who make about $3 a day, with overtime. The Planet Money women's T-shirt was made in Colombia, by workers who make roughly $13 a day, without overtime.
The wages in both places are remarkably low by U.S. standards. But the gap between them is huge. Workers in Colombia make more than four times what their counterparts make in Bangladesh. In our reporting, we saw that the workers in Colombia have a much higher standard of living than the workers in Bangladesh.
Shopping is on everyone's mind during the holiday season — not just what to buy, but where you buy it. Host Michel Martin speaks with columnists David Sirota and Mario Loyola about shopping with your values in mind.
Originally published on Wed December 4, 2013 11:45 am
European regulators have fined eight large banks a total of more than $2 billion over an illegal cartel scheme to fix interest rates. The fine, the largest ever issued in such a case by the European Union, comes after a two-year investigation into banks' collusion. And the inquiry isn't yet complete.
Two American banks — JPMorgan Chase and Citigroup — are included in the list of financial institutions fined as part of a settlement deal. Several banks that cooperated with investigators saw their fines reduced or eliminated.
Originally published on Wed December 4, 2013 11:54 am
A report from payroll company ADP finds that "the U.S. private sector added 215,000 jobs during November making it the strongest month for job growth in 2013," says the company's president and chief executive, Carlos Rodriguez.
Good morning. I'm Renee Montagne. For those who believes selfies are a force of evil, here's confirmation. Darth Vader just posted on Instagram a photo of his face - that is, his iconic black helmet - with the tag GPOM for Gratuitous Portrait Of Myself. The selfie launched the Star Wars Instagram account - a marketing effort by Disney - two full years before the next sequel. It's a pretty good shot, though we have to say a little on the dark side. It's MORNING EDITION. Transcript provided by NPR, Copyright NPR.
Bangladesh is the cheapest place in the world to make a T-shirt. But this month, the minimum wage there will rise from $39 a month to $68 a month. That's got some factory owners nervous about whether Western retailers there will pull out. Our Planet Money team examines the future of the garment industry in Bangladesh.
A federal judge has ruled Detroit qualifies for bankruptcy. But the cash-strapped city, laden with roughly $18 billion in long-term debt, faces a long road to regain financial solvency. Unions whose members face pension payment cuts are appealing the ruling, and the ultimate decision about paying the pensions may be made by the U.S. Supreme Court.