Business & Education

Your Money
2:15 am
Wed September 18, 2013

Your Kids And Money: Teaching The Value Of A Dollar

What's the point of an allowance?
iStockphoto.com

Originally published on Wed September 18, 2013 3:41 pm

What's the point of an allowance?

For Ron Lieber, personal finance writer for The New York Times, it's a tool to help teach values and character traits like patience, moderation, thrift and generosity. And Lieber, who's writing a book, The Opposite of Spoiled, about kids, money and values, tells Morning Edition host Steve Inskeep there are three basic ways that parents approach an allowance.

No chores necessary.

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The Two-Way
5:19 pm
Tue September 17, 2013

Car Factories Turn Robots And Humans Into Co-Workers

A robot arm helps make engine components at a Volkswagen factory in Germany. For the first time, robots are working alongside humans without guards or other safety barriers between them.
Universal Robots

Originally published on Tue September 17, 2013 6:24 pm

Robots are working alongside humans on car production lines, taking what Technology Review calls "a huge step toward revolutionizing the role of robots" at car factories. Previously, robots had been seen as being too unsafe to place them shoulder-to-arm-joint with humans on the assembly line.

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Alabama-Paper Mill Closing
4:43 pm
Tue September 17, 2013

Gov. Bentley Says State Has Few Options In Mill Closing

Gov. Robert Bentley says the state is continuing to talk with International Paper about the future of its Lawrence County facility.
Credit The Associated Press

Alabama Gov. Robert Bentley said that the state is continuing to talk with International Paper about the future of its Lawrence County facility. However, company officials haven't indicated that there's anything the state can do to keep the 1,100-employee plant open.

International Paper announced last week that it will close the north Alabama mill because of declining demand, a move that will affect more than 1,100 jobs in the Tennessee Valley.

The Memphis, Tenn.-based company said the plant in Courtland will shut down by early 2014.

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UA Sorority Investigation
4:36 pm
Tue September 17, 2013

UA President Says Sorority Decisions Based On Race

University of Alabama President Judy Bonner is acknowledging that campus sororities have used race to make decisions on new members, and she's ordering changes.
Credit University of Alabama

The president of the University of Alabama is acknowledging that campus sororities have used race to make decisions on new members, and she's ordering changes.

The university posted a video statement Tuesday in which President Judy Bonner says Alabama's Greek-letter organizations are segregated by race.

Bonner says "systemic and profound changes" are required.

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Economy
4:34 pm
Tue September 17, 2013

Census Report Paints Troubling Economic Picture On Incomes

Raisa Ruiz (right) and her niece Mary Badels wait in line at the Manna Food Center, Gaithersburg, Md., on Sept. 13.
Chloe Coleman NPR

For the first year since the recession, median household incomes did not decline in 2012. But it's hardly a reassuring picture. Incomes were flat despite the economic recovery and big gains in the stock market. That's a troubling aspect about today's labor market. It's four years since the official end of the recession and many households are worse off than when it started.

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Politics
4:34 pm
Tue September 17, 2013

Frontrunner For Fed Chair Saw Financial Crisis Coming

Now that Larry Summers has withdrawn his name from consideration to lead the Federal Reserve, Janet Yellen, Vice Chair of the Fed, has emerged as the frontrunner. For more on Yellen and her career, Audie Cornish talks with Alan Blinder, a professor of economics at Princeton University.

Media
4:34 pm
Tue September 17, 2013

Why Outlets Often Get It Wrong In Breaking News Coverage

Transcript

AUDIE CORNISH, HOST:

As news traveled about the mass shootings at the Navy Yard, there were some missteps by the media. At first, some news outlets reported there were up to three different gun men. So far, that's turned out not to be the case. There were reports that there was a second shooting at Bolling Air Force Base, that turned out not to be the case.

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Economy
4:34 pm
Tue September 17, 2013

CBO Report: Long-Term Deficit Picture Gloomy

Transcript

ROBERT SIEGEL, HOST:

From NPR News, this is ALL THINGS CONSIDERED. I'm Robert Siegel.

AUDIE CORNISH, HOST:

And I'm Audie Cornish.

The nonpartisan Congressional Budget Office just added fuel to the fire already raging in Washington over what to do about the deficit. A new CBO study paints a grim picture of the nation's long-term debt and deficit.

NPR's Tamara Keith reports that despite three years of fighting over it, Congress hasn't done much to improve things.

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Parallels
3:57 pm
Tue September 17, 2013

As Economy Cools, Brazilians Find Themselves Trapped In Debt

A woman looks at clothes inside a shop in Rio de Janeiro. Consumption has been a huge driver of the Brazilian economy, but the boom years are over, and economists say the outlook isn't good.
Sergio Moraes Reuters/Landov

Originally published on Tue September 17, 2013 7:44 pm

It all started out so promisingly. She was young, still in her teens, and she'd landed her first job. As is the custom in Brazil, to get your salary you have to open an account with the bank the company deals with — and with that new account came the woman's first credit card.

"The banks say, 'I want to help you,' " she says. "And if you have a credit card, it's a status symbol, you are well-regarded."

She switched jobs. That company dealt with another bank — which issued her another credit card. She got a store credit card, too.

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The Two-Way
11:21 am
Tue September 17, 2013

Poverty Rate Unchanged In 2012

How the number of Americans below the poverty line and the poverty rate have changed.
Census Bureau

The nation's poverty rate remained unchanged at 15 percent in 2012, the Census Bureau said Tuesday.

For a family of four (two adults, two children) the poverty threshold in 2012 was $23,283.

There were 46.5 million Americans below the poverty line last year, Census says, vs. 46.2 million in 2011.

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Digital Life
11:17 am
Tue September 17, 2013

#LATISM: Digital Media's Pull For Latinos

Reports show that Latinos are plugged into social media, but does this mean they are turning from traditional media? Host Michel Martin speaks with Viviana Hurtado, founder of The Wise Latina Club, and entrepreneur Fernando Espuelas about how social media is helping to empower Latinos.

Business
11:17 am
Tue September 17, 2013

Drive To 'Create Stuff' Brings Immigrant Success

Entrepreneur Fernando Espuelas speaks with host Michel Martin about why he thinks more Latino business leaders need to step up to the plate. Espuelas was named by PODER Magazine as one of "The Nation's 100 Most Influential Hispanics" in 2012.

Parallels
10:06 am
Tue September 17, 2013

Why Is The Global Shipbuilding Business Struggling?

Laborers stand on a new ship at a Rongsheng Heavy Industries shipyard in Nantong, China, in 2012. The troubles at Rongsheng, China's largest private shipbuilder, mirror what's happening in the global industry.
Aly Song Reuters/Landov

Originally published on Tue September 17, 2013 11:43 am

There's news this week that shipbuilder STX Finland will close what it describes as "the world's leading ferry builder," a yard where the company also built small cruise ships, icebreakers and naval craft.

The company blamed economic conditions for the closure of the Rauma Shipyard. Work from there will be shifted to the company's facility in Turku. About 700 people will lose their jobs.

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UA Sorority Investigation
8:15 am
Tue September 17, 2013

Alabama Revamps Sorority Rules Amid Racism Claims

The University of Alabama is ordering changes in its sorority system amid charges of racism.
Michelle Lepianka Carter / AP

The University of Alabama is ordering changes in its sorority system amid charges of racism in the Greek-letter organizations.

   A spokeswoman says President Judy Bonner is requiring the groups to begin using a recruitment process where new members can be added at any time.

   The change was announced Monday. It follows reports by the student newspaper, The Crimson White, detailing allegations that alumnae of some all-white sororities were blocking the chapters from adding black students as new members.

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The Two-Way
7:46 am
Tue September 17, 2013

No Inflation In Sight As Federal Reserve Policymakers Meet

Originally published on Tue September 17, 2013 9:31 am

Consumer prices rose a scant 0.1 percent in August from July and were up a modest 1.5 percent since August 2012, the Bureau of Labor Statistics said Tuesday morning.

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