Business

3:04am

Wed December 18, 2013
All Tech Considered

What It's Like To Live On Low Pay In A Land Of Plenty

Originally published on Wed December 18, 2013 1:11 pm

Manny Cardenas, seen here with his 5-year-old daughter Zoe, has earned $16 an hour as a part-time security guard at Google.
Laura Sydell NPR

This week, we're exploring the San Francisco Bay Area and the way income inequality is affecting the region. Check out the other pieces of the week, aggregated on this page.

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3:03am

Wed December 18, 2013
Around the Nation

A 'Tale Of Two Cities' As Detroit Looks To 2014

Originally published on Wed December 18, 2013 8:13 am

Detroit's Midtown neighborhood is reviving in the midst of the larger city's decline.
Carlos Osorio AP

The streets outside Avalon Bakery in Detroit's Midtown are a snowy, slushy, mostly unplowed mess, and all these customers want to do is pay for their loaf of Motown Multigrain or Poletown Rye.

But Detroiters are a gracious, if weary, bunch. So when they see yet another reporter sticking a microphone in their faces, asking what they think of all this media attention, they answer politely.

And even if they're not always crazy about the way their city is portrayed, no one argues with the fact that Detroit had a newsworthy year.

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6:44pm

Tue December 17, 2013
Number Of The Year

Prices Are Low, And That Could Be Bad

Originally published on Tue December 17, 2013 9:34 pm

Superlow inflation means workers often don't see big raises and consumers may delay buying, thinking prices will drop some more.
Kevork Djansezian Reuters/Landov

2.

That's the number the Federal Reserve Board's policymakers wanted to see this year. Having an annual inflation rate of 2 percent would confirm that the U.S. economy is strengthening — workers are getting raises and companies are seeing enough customer demand to mark up prices.

But the 2 percent target turned out to be too high.

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5:40pm

Tue December 17, 2013
Shots - Health News

Why Glaxo Won't Pay Doctors To Sell Its Drugs Anymore

British pharmaceuticals giant GlaxoSmithKline is pledging to revamp its relationships with doctors.
Sang Tan AP

Doctors talking up drugs to other doctors has been quite lucrative for pharmaceutical companies — and the physicians who moonlight as their salesmen.

Drugmakers learned long ago that deputized doctors were effective pitchmen. A doctor paid by a company to give a dinner speech or to chat over lunch with colleagues can go a long way toward changing their prescribing habits.

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5:38pm

Tue December 17, 2013
All Tech Considered

How This Bay Area Tech Boom's Different From The Last One

Originally published on Tue December 17, 2013 9:22 pm

San Francisco's median home price hit $1 million this year.
Patrick Shyu Flickr

This week, we're exploring the San Francisco Bay Area and the way income inequality is affecting the region. Check out the other pieces of the week, aggregated on this page.

Read more

4:59pm

Tue December 17, 2013
20 Years Of NAFTA

What Has NAFTA Meant For Workers? That Debate's Still Raging

Originally published on Wed December 18, 2013 12:31 am

An auto worker tightens bolts on a Focus at a Ford plant in Michigan in October. Labor unions predicted in 1993 that NAFTA would send many U.S. manufacturing jobs to Mexico, and they continue to argue that the pact prompted a race to the bottom for workers.
Mira Oberman AFP/Getty Images

Two decades ago, the strongest critics of the North American Free Trade Agreement were members of labor unions. They warned that the trade deal would mean the loss of manufacturing jobs to Mexico and lower wages for U.S. workers.

Today, 20 years since NAFTA's passage, unions feel as strongly as ever that the deal was a bad idea.

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4:59pm

Tue December 17, 2013
Business

GlaxoSmithKline To Stop Paying Doctors To Promote Its Drugs

Originally published on Wed December 18, 2013 12:31 am

Transcript

MELISSA BLOCK, HOST:

Today, one of the biggest drug companies in the world announced changes to its marketing practices. GlaxoSmithKline says the idea is to be more transparent about how it sells its drugs. Among the changes, the company will stop paying doctors to tout its products to other doctors.

As NPR's Yuki Noguchi reports, the public interest community says this is a step in the right direction for an industry that's faced many legal problems.

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4:17pm

Tue December 17, 2013
All Tech Considered

In A Divided San Francisco, Private Tech Buses Drive Tension

Originally published on Wed December 18, 2013 12:31 am

Protesters in San Francisco block a Google bus, which shuttles employees from the city to its location in Silicon Valley.
cjmartin Flickr

Part of a series on income inequality in the San Francisco Bay Area

If you want to understand the tension between tech workers in San Francisco, who often make six figures, and many of the city's other residents, try standing on the southwest corner of 24th Street and Valencia around 7:30 on a weekday morning.

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1:49pm

Tue December 17, 2013
The Two-Way

Report: 6.4 Million U.S. Homes Still Have Negative Equity

Originally published on Tue December 17, 2013 3:00 pm

A realty sign in front of a home in The Lakes neighborhood in Las Vegas. Nevada, which was hit hard by the housing bust five years ago, remains the state with the highest number of homes with negative equity.
Isaac Brekken AP

Although most of the housing indicators have been looking up recently, there are still about 6.4 million homes with "underwater" mortgages, in which the homeowner owes the bank more than the house is worth.

According to the CoreLogic Equity Report, "nearly 6.4 million homes, or 13 percent of all residential properties with a mortgage, were still in negative equity at the end of the third quarter."

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1:09pm

Tue December 17, 2013
All Tech Considered

Almost All Tech Execs At White House Supported Obama Campaign

Originally published on Tue December 17, 2013 5:51 pm

Chad Dickerson, chief executive of Etsy, was among the group of tech leaders visiting the White House. He gave $500 to the Obama campaign.
Etsy

President Obama just wrapped up a meeting with high-tech luminaries at the White House, focusing on an agenda of how to clean up HealthCare.gov, and how to stop the snooping by the National Security Agency from continuing to cast a pall over high-tech profits.

The group has a lot to discuss. On Monday, a federal judge ruled that the NSA's collection of millions of telephone records may be unconstitutional.

Here's who was invited.

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