Business

7:02am

Fri July 11, 2014
Business

Economists Say Inflation Is Tame; Consumers Aren't Buying It

Originally published on Fri July 11, 2014 9:15 am

Meat is displayed in a case at a grocery store in Miami. The index of retail prices for meats, poultry, fish and eggs was up 7.7 percent from a year ago — more than triple the overall inflation rate.
Joe Raedle Getty Images

Economists regularly issue reports calling inflation tame or mild, or some other word that suggests consumers shouldn't be feeling much pain.

One example: "Inflation has been tame and this is providing households with some relief" from economic stress, according to an assessment done this week by PNC Financial Services.

But if you happen to be buying gasoline or groceries, you may not be feeling relieved — at all.

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5:06am

Fri July 11, 2014
Business

Economy Hurts Young Adults Looking For Their First Job

Originally published on Fri July 11, 2014 8:01 am

Youth unemployment is double the national rate. Renee Montagne talks to Roberto Angulo of AfterCollege Inc. and Courtney Hawkins of the Federation Employment & Guidance Service Bronx Youth Center.

5:00am

Fri July 11, 2014
Business

Hottest Burger In Britain Burns 2 Journalists

Originally published on Fri July 11, 2014 8:01 am

Two journalists from a newspaper in Brighton, England, went to the hospital after sampling the Hot Chili Burger. The heat is in the sauce, which is rated about 3,000 times hotter than Tabasco sauce.

5:00am

Fri July 11, 2014
Business

World Cup Broadcasting Rights Pay Off For ESPN, Univision

Originally published on Fri July 11, 2014 8:01 am

Transcript

RENEE MONTAGNE, HOST:

And this Sunday, Germany and Argentina play the final game of the World Cup. If the last few weeks are any guide, a record number of Americans will be tuning in both on television and online. To hear more about the business of broadcasting soccer, we reached John Ourand, the media reporter at the Sports Business Journal. Good morning.

JOHN OURAND: Good morning Renee.

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5:00am

Fri July 11, 2014
Business

FTC Sues Amazon Over In-App Purchases Made By Kids

Originally published on Fri July 11, 2014 8:01 am

Amazon is facing charges by the Federal Trade Commission that it willingly allowed children to make millions of dollars in purchases inside apps without parental consent.

3:31am

Fri July 11, 2014
Planet Money

When Ikea Raises Its Minimum Wage, Where Does The Money Come From?

Originally published on Fri July 11, 2014 3:04 pm

Flickr user: dahlstroms

Ikea, a company famous for keeping its costs down, recently announced that it would raise the average minimum wage for its retail workers to $10.76 an hour. Why would the company volunteer to pay its workers more?

"By taking better care of our coworkers," says Rob Olson, the acting president of Ikea U.S., "they will take better care of our customers, who will take better care of Ikea. We see it as a win-win-win opportunity."

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4:59pm

Thu July 10, 2014
Business

Picketing Truckers Raise Tensions At LA Port Amid Dockworker Talks

Originally published on Thu July 10, 2014 7:04 pm

Picketers supporting independent truck drivers at the ports of Los Angeles and Long Beach stand outside a container terminal.
Kirk Siegler NPR

Labor tensions are high at the largest port complex in the country — Los Angeles and Long Beach — which handles nearly half of all the cargo coming into the United States.

Short-haul truck drivers are striking. They're the independent, contract truckers who bring the containers off the ships to nearby warehouses for companies like Wal-Mart and Costco. At the twin ports, their numbers hover around 10,000.

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4:08pm

Thu July 10, 2014
All Tech Considered

A New Device Lets You Track Your Preschooler ... And Listen In

Originally published on Thu July 10, 2014 6:51 pm

KizON went on sale in South Korea this week, with North America and Europe to follow later this year. Its price has not yet been announced.
LG

I was always thankful that my parents didn't "leash me" at the mall or grocery store when I was a child — but you'll never guess what parents can strap on their kids nowadays.

LG Electronics introduced a device Wednesday called the KizON. Meant for those in preschool and primary school, it's essentially a kid-tracking wristband.

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3:15pm

Thu July 10, 2014
The Two-Way

Eileen Ford, Creator Of The Supermodel, Dies At 92

Originally published on Thu July 10, 2014 7:58 pm

Eileen Ford with two of her famous models, Cheryl Tiegs (left) and Cristina Ferrare, in New York in 1983. Ford died on Wednesday at age 92.
Marty Lederhandler AP

Eileen Ford, who is credited with inventing the modern modeling business and in the process launching the careers of supermodels such as Lauren Hutton, Christie Brinkley and Naomi Campbell, has died at 92.

A spokeswoman who handles public relations for Ford Models confirmed Wednesday's death, which follows a fall Ford took last week at her New York apartment.

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1:22pm

Thu July 10, 2014
The Two-Way

Samsung Faces Allegation That A Chinese Supplier Used Child Labor

Originally published on Fri July 11, 2014 3:14 pm

Electronics giant Samsung is facing allegations that a supplier in China used child labor to meet the company's production targets.
Michael Conroy AP

One of electronics giant Samsung's suppliers in China used child labor to meet the South Korean company's production targets, a labor watchdog said in a report Thursday.

New York-based China Labor Watch says the Shinyang Electronics factory in Dongguan, China, hired child labor and underage student workers, altering "the strictness of hiring practices in order to adapt to Samsung's demands."

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