Business & Education

The Two-Way
8:46 am
Thu June 20, 2013

Weekly Jobless Claims Rise Slightly

Originally published on Thu June 20, 2013 10:31 am

The number of first-time claims for unemployment insurance rose by 18,000 last week, the Employment and Training Administration says. At 354,000, the number remained at a level consistent with modest job growth.

According to the agency, the four-week moving average, a less volatile indicator, rose 2,500, to 348,250.

The AP reports:

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Code Switch
8:00 am
Thu June 20, 2013

For Black Americans, An Even Split In Financial Perceptions

If our survey is any indication, this cash-rich stock photo model probably feels pretty good about life.
Willie B.Thomas iStockphoto.com

Originally published on Thu June 20, 2013 10:07 am

NPR, the Robert Wood Johnson Foundation and the Harvard School of Public Health recently polled 1,081 African-Americans about their lives. One of the areas respondents were asked about was their perceptions of their financial status.

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The Two-Way
7:59 am
Thu June 20, 2013

Obama Working On Plan That Limits Power Plant Emissions

The smoke stacks at American Electric Power's Mountaineer coal power plant in New Haven, W.Va.
Saul Loeb AFP/Getty Images

Originally published on Thu June 20, 2013 10:29 am

President Obama will soon unveil a plan that will put limits on the carbon emissions of existing power plants, the administration's top energy adviser says.

The New York Times reports this is the most consequential part of a bigger plan to curb climate change. The newspaper adds:

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Business & Education
7:31 am
Thu June 20, 2013

Auto Seat Maker Breaking Ground in Montgomery

DAS North America will build a new manufacturing plant in Montgomery. It's expected to create about 300 jobs.
Robert Fouts/ Montgomery Area Chamber of Commerce

An automotive supplier is breaking ground on a 300,000-square-foot manufacturing plant in Montgomery.

   Gov. Robert Bentley and other officials will be on hand for a ceremony being held Thursday afternoon for DAS North America.

   The company makes seats for Kia and Hyundai vehicles. The expansion will create about 300 jobs in the Montgomery Industrial Park.

   The company is currently located in a temporary facility that employs about 100 people.

   The $37 million project is supposed to be complete next year.

Business & Education
7:24 am
Thu June 20, 2013

Few Transfers Expected Under Alabama Tax Credits

The leaders of two Alabama private school organizations don't expect many new students to apply in the wake of a law providing tax credits for students transferring from failing schools.

   The executive director of the Alabama Christian Education Association, Robin Mears, said he expects less than 100 transfers to his member schools. The executive director of the Alabama Independent School Association, Randy Skipper, said he hasn't heard about any students inquiring about transferring.

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All Tech Considered
6:38 am
Thu June 20, 2013

Will Video Ruin Instagram's Appeal?

Instagram, the popular photo-sharing service, has announced a new video feature.
Ramsey Mohsen via Flickr/Creative Commons

Originally published on Thu June 20, 2013 1:31 pm

UPDATE on Thursday at 1:44 p.m. ET: Instagram For Video Arrives

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Economy
3:34 am
Thu June 20, 2013

Fed Warns Stimulus Package Will Be Ratcheted Down

Originally published on Thu June 20, 2013 6:07 am

Transcript

STEVE INSKEEP, HOST:

Those Chinese figures helped Asian markets to take a big tumble today, as did yesterday's comments by Federal Reserve Chairman Ben Bernanke. He said the Fed will likely begin slowing down its economic stimulus later this year. The Fed's massive bond buying program - which is a major part of that stimulus - is seen as a big reason behind recent rallies in the financial market.

NPR's John Ydstie has more.

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Business
3:34 am
Thu June 20, 2013

Business News

Originally published on Thu June 20, 2013 6:07 am

Transcript

RENEE MONTAGNE, HOST:

NPR's business news starts with mixed signals.

(SOUNDBITE OF MUSIC)

MONTAGNE: Output in the eurozone's service and manufacturing sectors is still falling. But this quarter, that output fell at its slowest rate in more than a year, according to a recent survey. Analysts say that could mean a return to growth could be on the horizon.

Business
3:34 am
Thu June 20, 2013

The Last Word In Business

Originally published on Thu June 20, 2013 6:07 am

Transcript

STEVE INSKEEP, HOST:

It may cost you more and more to fuel it, but this is still your chance to buy a vintage boat. Today's last word in business is your own personal D- Day.

The U.S. Navy is auctioning off two vintage landing craft. They are available on GovLiquidation.com - which is a real website, we checked.

RENEE MONTAGNE, HOST:

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Business
3:34 am
Thu June 20, 2013

Founder Of Men's Wearhouse Fired By Company's Board

Originally published on Thu June 20, 2013 6:07 am

Transcript

STEVE INSKEEP, HOST:

And let's report on some changes in the American clothing world. George Zimmer, of Men's Wearhouse, might still like the way he looks, but we can guarantee he doesn't like this. The famous face - and gravelly voice - and founder of the company, is out. The company gave no reason for the abrupt firing. But Zimmer is speaking out, as NPR's David Schaper reports.

DAVID SCHAPER, BYLINE: His graying beard is instantly familiar. And he speaks with that signature deep, gravelly voice when delivering this famous tagline:

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Planet Money
2:03 am
Thu June 20, 2013

A Surprising Barrier To Clean Water: Human Nature

Rodan Gatia gets water from a spring. A chlorine dispenser is behind her.
Jacob Goldstein NPR

Originally published on Mon June 24, 2013 9:38 am

In many parts of the developing world, drinking a glass of water can be deadly — especially for young children, who can die of diarrheal diseases contracted from dirty water.

So getting clean water to people in the developing world has been a top priority for aid groups for a long time. But it's been a surprisingly hard problem to solve.

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Business
2:02 am
Thu June 20, 2013

If Supplies Of Oil Are Up, Why Is Gas Still Pricey?

Jim White of Pennsylvania pumps gas at a BP station in Ocala, Fla., in April. The price of gasoline remains stubbornly high, which may put a crimp on summer travel plans.
Doug Engle Ocala Star-Banner / Landov

Originally published on Thu June 20, 2013 7:00 pm

Supplies of oil have been surging this year, and U.S. drivers, who have been switching to more fuel-efficient cars, are using less gasoline.

That would seem to be the right economic combination to push down prices at the pump, but gasoline prices have remained stubbornly high this summer.

Even some people in the industry are wondering whether the law of supply and demand somehow has been repealed.

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Parallels
1:58 am
Thu June 20, 2013

Can This Dominican Factory Pay Good Wages And Make A Profit?

Aracelis Upia Montero works at the Alta Gracia garment factory in the Dominican Republic. She says she was desperately poor before she began working at the factory, which pays much higher than usual wages. "I'm now eligible for loans and credits from the bank because I earn a good salary," she says.
Jackie Northam NPR

Originally published on Mon June 24, 2013 9:37 am

Aracelis Upia Montero bounds through the front door of her wood and cinderblock house, calling out for her children. The bubbly 41-year-old Montero — whom everyone calls Kuki — proudly shows guests around her cramped single-story home in Villa Altagracia in the Dominican Republic.

Montero points out her new living room furniture. In the past couple years, she has added two bedrooms and now has indoor plumbing. She has also built a little apartment at the end of her dirt driveway that she rents out.

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All Tech Considered
1:57 am
Thu June 20, 2013

In More Cities, A Camera On Every Corner, Park And Sidewalk

Micaela Torres and 2-year-old Jakai Johnson swing underneath a surveillance camera at Miwok Park in Elk Grove, Calif. The city's police department collects more than 100 video feeds from across the city.
Steve Henn NPR

Originally published on Thu June 20, 2013 6:07 am

This report is part of the series NPR Cities: Urban Life In The 21st Century.

Surveillance cameras, and the sophisticated software packages that go with them, have become big business. Many small- and medium-sized cities across American are spending hundreds of thousands of dollars on cameras and software to watch their residents.

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The Two-Way
5:30 pm
Wed June 19, 2013

Microsoft Responds To Fan Outcry, Changes Xbox One Policies

Originally published on Wed June 19, 2013 6:16 pm

Fans spoke, and apparently Microsoft listened.

In a reversal of the company's previous position, Microsoft announced Wednesday that its forthcoming Xbox One gaming console would no longer require a regular Internet connection and would not restrict used or shared games.

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