For Ron Lieber, personal finance writer for TheNew York Times, it'sa 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.
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.
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.
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.
Now that Larry Summers has withdrawn his name from consideration to lead the Federal Reserve, Janet Yellen, Vice Chair of the Fed, has emerged as the frontrunner.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.
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.
From NPR News, this is ALL THINGS CONSIDERED. I'm Robert Siegel.
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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.
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.
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.
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.
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.
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.