Business & Education

Around the Nation
2:42 am
Mon May 6, 2013

Port Of Baltimore Seeks Boost From Panama Canal Expansion

The Port of Baltimore recently completed a major expansion, which included building a 50-foot berth and dredging the channel. It's in anticipation of increased traffic following the completion of a project to widen the Panama Canal.
Jonathan Blakely NPR

Originally published on Mon May 6, 2013 10:59 am

There is constant motion around four new supersized, Chinese-made cranes as they unload cargo from a ship at the Port of Baltimore's freshly constructed Seagirt Marine Terminal.

Read more
Children's Health
5:02 am
Sat May 4, 2013

Bulletproof Whiteboards And The Marketing Of School Safety

This type of bulletproof whiteboard, produced by the Maryland company Hardwire, has been purchased by a Minnesota school district.
Hardwire, LLC

Originally published on Sat May 4, 2013 7:58 pm

A recent news item out of Minnesota caught our eye: "Bulletproof Whiteboards Unveiled at Rocori Schools."

Bulletproof what? Where?

That would be whiteboards, at the small central Minnesota Rocori School District, which will spend upward of $25,000 for the protective devices produced by a company better known for its military armor products.

Read more
Business
3:49 pm
Fri May 3, 2013

New U.S. Trade Representative Faces Big Challenges Abroad

Originally published on Fri May 3, 2013 7:28 pm

Transcript

MELISSA BLOCK, HOST:

Expanding trade abroad is a high priority for President Obama. This week, he nominated a trusted adviser named Michael Froman to become the next U.S. trade representative. Froman is currently deputy national security adviser for international economic affairs. NPR's Wendy Kaufman reports on the challenges he would face as trade representative.

Read more
The Two-Way
3:28 pm
Fri May 3, 2013

Dow Hits 15,000 For The First Time; Closes Just Shy Of The Mark

Traders work on the floor of the New York Stock Exchange after the morning bell on May 1.
Spencer Platt Getty Images

Originally published on Fri May 3, 2013 3:55 pm

The stock market continues its winning streak: The Dow Jones hit another milestone today, tapping 15,000 for the first time, but closing just shy of the milestone.

This, of course, follows good news about the job market released by the Bureau of Labor Statistics.

Read more
The Two-Way
1:05 pm
Fri May 3, 2013

Employment Numbers Tell Us A Lot (But Not That Much)

Originally published on Fri May 3, 2013 4:17 pm

The nation's unemployment rate hit a four-year low of 7.5 percent and the job market improved last month. Friday's news helped push the Dow Jones industrial average above 15,000 for the first time.

Was that a rational response?

Although the jobs report for April was positive, what triggered the market reaction was the fact that it was better than expected. Instead of 145,000 jobs created, as most economists predicted, the Labor Department says there were 165,000 new jobs.

Read more
Economy
12:27 pm
Fri May 3, 2013

Reality Check: Strapped States Cutting Unemployment Benefits

California saw unemployment benefit cuts of 18 percent go into effect this week, reducing checks for more than 400,000 people.
Douglas Dickens iStockphoto.com

The jobs report for April showed some improvement — but not much — in the unemployment rate and the total number of unemployed workers.

It's not great news for people looking for work, and it's also not great for states. After years of persistently high unemployment, states have drained their unemployment trust fund accounts.

Read more
Economy
11:49 am
Fri May 3, 2013

The Changing Face Of The Working Poor

The latest employment figures are out and they show gains in hiring. The Wall Street Journal's Sudeep Reddy joins host Michel Martin to talk about the report, and the millions of working Americans who still fall below the poverty line.

The Salt
11:09 am
Fri May 3, 2013

How A Distillery Ages Bourbon In Days, Not Years

A bottle of Cleveland Whiskey's bourbon sits on a shelf with empty bottles at the company's distillery.
Courtesy of David Kidd

Originally published on Fri May 3, 2013 1:54 pm

When it comes to bourbon, Tom Lix doesn't believe in age discrimination. Most bourbons might age in the barrel for eight to 12 years or more, but Lix figures his are ready to drink in less than a week.

Lix makes Cleveland Whiskey, a new brand of bourbon that exemplifies two major trends in American whiskey-making today: the desire to speed up the process and the effort to establish a local identity.

Read more
The Two-Way
8:47 am
Fri May 3, 2013

Bangladesh Fears Exodus Of Western Retailers

Relatives react after identifying the body of a loved one who was killed in last week's building collapse in Savar, on the outskirts of Dhaka, Bangladesh.
Munir Uz Zaman AFP/Getty Images

Originally published on Fri May 3, 2013 11:46 am

The Walt Disney Co.'s decision to end its apparel production in Bangladesh after more than 500 people died in the collapse of a garment factory complex has sparked fears of a mass exodus of Western retailers.

Read more
The Two-Way
7:42 am
Fri May 3, 2013

165,000 Jobs Added In April, Jobless Rate Fell To 7.5 Percent

Waiting for work: Job seekers lined up last month at the 25th Annual CUNY big Apple Job and Internship Fair in Manhattan.
Spencer Platt Getty Images

Originally published on Fri May 3, 2013 9:05 am

(Most recent update: 10 a.m. ET.)

The nation's jobless rate edged down to 7.5 percent in April from 7.6 percent in March and employers added 165,000 jobs to their payrolls last month, the Bureau of Labor Statistics reported Friday morning.

Read more
Business & Education
7:36 am
Fri May 3, 2013

Univ. of South Alabama Marks 50th Anniversary

The University of South Alabama celebrates 50 years.
usa50.southalabama.edu

The University of South Alabama is marking the 50th anniversary of its founding.


The school will hold a celebration on campus in Mobile on Friday night to commemorate its start in 1963.


Gov. Robert Bentley will attend, and officials are planning a special recognition for President Gordon Moulton, who is retiring on July 1.


State lawmakers approved legislation authorizing the school on May 3, 1963, and classes started the next year.


The university has since awarded more than 75,000 degrees, and it now has more than 15,000 students.

The Two-Way
6:02 am
Fri May 3, 2013

Plodding Along Or Picking Up Speed? News On Job Growth Due

Looking for work: The scene at a job fair in New York City earlier this year. Figures on job growth and unemployment in April are due Friday morning.
Shannon Stapleton Reuters /Landov

Originally published on Fri May 3, 2013 7:53 am

Update at 8:35 a.m. ET. Better Than Expected:

165,000 Jobs Added In April, Jobless Rate Fell To 7.5 Percent

Our original post:

Read more
Business
3:41 am
Fri May 3, 2013

Post-Bankruptcy, Kodak Will Be Commercial Printing Business

Originally published on Fri May 3, 2013 11:14 am

Transcript

DAVID GREENE, HOST:

Kodak expects to emerge from bankruptcy this year as a new company with a new focus. The one-time photo giant finds itself operating in a more competitive and diversified market.

From member station WXXI in Rochester, New York Kate O'Connell reports.

Read more
Economy
3:41 am
Fri May 3, 2013

Economists Predict April's Jobless Rate Will Remain Steady

Originally published on Fri May 3, 2013 11:14 am

The Labor Department's monthly employment report is issued Friday morning. Economists are predicting that more than 100,000 jobs were added last month, but not enough to change the jobless rate of 7.6 percent.

Business
3:41 am
Fri May 3, 2013

Business News

Originally published on Fri May 3, 2013 11:14 am

Transcript

(SOUNDBITE OF MUSIC)

DAVID GREENE, HOST:

NPR's business news begins with sky-high airline fees.

First United did it, then U.S. Airways followed suit, and now Delta and American say they too are raising the fee for changing a domestic flight reservation to 200 bucks - that is up from 150.

Pages