State officials are considering introducing a bill that would allow high school students to enroll in community college courses for free.
Community College System Chancellor Mark Heinrich says he is working with state lawmakers to draft a bill on the issue as early as the 2013 legislative session. Heinrich made the statement Tuesday at the Economic Development Association of Alabama's winter conference.
NPR business news starts with global unemployment figures.
(SOUNDBITE OF MUSIC)
INSKEEP: We usually focus on American unemployment, which has been going down. But world unemployment may hit record levels this year, according to an annual report by the International Labor Organization, which is forecasting that up to 202 million people who won't work will be out of work around this world this year.
And today's last word in business is: Who do you trust with your money?
(SOUNDBITE OF SONG, "MONEY")
PINK FLOYD: (Singing) Money, get away. Get a good job with more pay and your OK.
INSKEEP: Any excuse to play Pink Floyd. A new ranking suggests which industries consumers trust. And for the third year in a row, the industry consumers trust the least is the industry that you pretty much have to trust with your money.
Lots of companies make products that don't have much in common, but AeroVironment specializes in two products that are very different — electric vehicle chargers, which keep cars like the Nissan Leaf on the road, and military drones. The Los Angeles-area firm is a leading manufacturer of small unmanned aircraft.
Gov. Robert Bentley said Friday that December's rate of 7.1 percent is down from 7.5 percent in November. It's the fourth month for a decline since measuring 8.5 percent in August. The December rate is also better than the 8 percent measured a year ago.
The state Department of Labor reports that Alabama gained 7,600 manufacturing jobs during the last year, and professional and business services jobs grew by 4,500.
A defense contractor has notified 139 of its roughly 400 employees at its Anniston Army Depot site that they will be laid off in March and April.
The Anniston Star reports (http://bit.ly/11zd3uu ) that General Dynamics Land Systems will employ fewer workers after April due to declining military orders for combat vehicles. The company builds and repairs combat vehicles.
Peter Keating, spokesman for General Dynamics Land Systems, said the layoffs were necessary due to a lack of work at the facility.
Faculty members at Auburn University are expressing concerns about what some consider a lack of diversity among candidates to fill two openings on the school's board of trustees.
One woman and 16 men will be interviewed to fill two openings as Auburn University trustees.
The Opelika-Auburn News reports (http://bit.ly/WJ2PAx) that Auburn Senate Chairman Bill Sauser said he and other Senate members met this week with President Jay Gogue to express their concern about how there was only one woman on the list of nominees.
Gov. Robert Bentley will join other officials in Cullman on Monday for the groundbreaking of an expansion at an automotive parts manufacturing company.
A spokesman for Bentley says about 200 jobs will be created by the expansion at REHAU. The company announced the 150,000-square foot expansion in June. The expansion will allow the company to develop and produce bumper assemblies for the Mercedes-Benz C-Class and M-Class vehicles.
When the company announced the project, it set the first round of production for mid-2013.
Members of the House and Senate Education Policy committees will hold a joint hearing to discuss keeping students and teachers safe in the event of a school shooting and preventing such incidents.
The hearing will include House Speaker Mike Hubbard, Senate President Pro Tem Del Marsh, Alabama Homeland Security Director Spencer Collier and state schools Superintendent Tommy Bice. The meeting will also include other law enforcement and education officials.
The meeting is set for 9 a.m. Wednesday in room 617 at the Alabama Statehouse.
U.S. employers added 155,000 jobs in December, a steady gain that shows hiring held up during the tense negotiations to resolve the fiscal cliff. But the unemployment rate remained at 7.8 percent last month.
Businesses complained that the uncertainty surrounding the "fiscal cliff" froze their decisions about hiring and expanding, which hurt the economy. Washington has now managed half a deal, which settles tax issues, at least for the time being. But has that removed enough uncertainty to boost some business hiring and investment?
A man enters a UBS bank in Hong Kong last month. The Swiss banking giant agreed in 2009 to identify the names of its U.S. account holders, part of a push by banking regulators to make it harder to hide income.
Originally published on Fri January 11, 2013 6:43 am
Time was that a Swiss bank account was synonymous with confidentiality and keeping assets from prying eyes. No more.
Last week, Switzerland's oldest bank, Wegelin & Co., pleaded guilty in a New York court to helping Americans hide $1.2 billion from the Internal Revenue Service over a decade-long period. Wegelin's plea, and a $57.8 million fine, forced the bank to shut its doors. It follows a $780 million settlement with UBS in 2009 that forced the Swiss banking giant to identify the names of its U.S. account holders.
Former University of Alabama President Guy Bailey says he resigned because his ill wife would drive herself to meet the social obligations of being a president's wife and that would put her life at risk.
The week prior to being placed on administrative leave, former Alabama State University President Joseph Silver got into a public disagreement with two administrators about the university's annual Turkey Day Classic parade.