The next couple of days will bring fireworks, hot dogs — and a new unemployment report.
At least the first two will be fun.
As for Friday's job-market assessment, the Labor Department report likely will show little or no change in the 7.6 percent unemployment rate. "There is still a general weakness in the labor market," says Daniel North, economist with Euler Hermes, a credit insurance company.
In Chinatowns around the country — in San Francisco, Boston, Chicago, New York — a peculiar financial scam is targeting elderly Chinese women.
This so-called "blessing scam" isn't much of a blessing. By asking lots of personal questions, the scammers convince their targets that they face terrible tragedy that they can only avoid if they place their valuables in a bag — and then pray over it. Usually, the victims place their jewelry and money in a bag that the thieves swap out for an identical one. And then the thieves tell the women not to open the bag for days.
In the world of global finance, emerging markets where a hot place for American investors to park their money. The hope was that fast growth in developing economies, like Brazil, Turkey and China, could yield higher returns. But there's been a big shift in recent weeks. Investors have been yanked their money out of the emerging markets in a big way. The unrest in Egypt and protests in Brazil and Turkey are only part of the story.
To find out more, we turned - as we often do - to David Wessel of The Wall Street Journal.
MONTAGNE: Toyota, the world's best-selling automaker, is recalling approximately 185,000 vehicles. The worldwide recall is due to a problem with its electric, power steering. It affects Yaris models made between November 2010 to March 2012, and Verso-S models made between August 2010 and August 2011. Transcript provided by NPR, Copyright NPR.
It's MORNING EDITION, from NPR News. Good morning. I'm Renee Montagne.
DAVID GREENE, HOST:
And I'm David Greene.
The Obama administration set off some pre-4th of July fireworks last night. They announced a one-year delay in implementing a key piece of the Affordable Care Act. Employers with 50 or more workers will now have until 2015 to meet new health insurance requirements for their workforce.
David Green is a man on a mission to drive down the cost of medical devices and health services.
His tactic: Use market forces and slightly tweaked business strategies to make health care accessible to even the poorest people. And he's had some amazing success.
I caught up with Green (no relation to NPR's David Greene) at a company he is launching in Chicago that's taking on the high cost of hearing aids. He's demonstrating how to program his company's new hearing device on a cellphone.
Kyle Fronke inventories the wine in Kahn's Fine Wines and Spirits in Indianapolis last year. Only liquor stores in the state can sell cold beer, and on Sunday, practically all carry out alcohol sales are prohibited.
Credit Darron Cummings / AP
A sign on a window at an Elite Beverages liquor store in Indianapolis lists the store's hours.
When you think summer, you might think of cold beer at a barbecue, maybe a bottle of wine with a Sunday picnic. A lot of people take it for granted that they can just go to the store and pick up alcohol.
Not in Indiana.
While many states have laws restricting liquor sales, Indiana is the only one where you can't buy packaged beer, wine and liquor on Sundays, and it's the only state that regulates alcohol sales based on temperature. Only liquor stores can sell cold beer.
A recent spike in mortgage rates has created a new predicament for potential homebuyers: Forge ahead and try to lock in now? Or hold off?
Dhruv Gupta was quoted a 3.5 percent rate in May while searching for a place to buy in the San Francisco area. Less than two months later, he's looking at 5.2 percent for the same loan. But this trend has not deterred Gupta.
"It's a fact of life," he says. "I mean I can't control them, so what do you do?"
When Mozilla announced a plan to improve its system for blocking third-party cookies, it didn't seem like the kind of thing that would make waves. But it didn't take long for the Internet advertising industry to react — furiously.