Business

6:41pm

Tue February 11, 2014
Around the Nation

Going To College May Cost You, But So Will Skipping It

Originally published on Tue February 11, 2014 8:00 pm

A new study shows that the income gap between young adults who go to college and those who don't only continues to grow.
iStockphoto

In America, total student loan debt tops $1 trillion and a four-year college degree can cost as much as a house — leaving many families wondering if college is really worth the cost.

Yes, a new study of young people finds. The study, released Tuesday by the Pew Research Center, looks at income and unemployment among young adults. Paul Taylor, executive vice president of special projects at Pew, says it's pretty much case closed when it comes to the benefits of going to college.

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5:34pm

Tue February 11, 2014
U.S.

Nonprofits Pull In Investors To Tackle Housing Affordability

Originally published on Thu February 27, 2014 12:56 pm

Melissa Conklin, 23, stands in the kitchen of her two-bedroom apartment at Woodmere Trace in Norfolk, Va. She earns about $30,000 a year at a nearby car dealership, and says these apartments are not only convenient, but affordable. She pays about $900 a month here, far less than other apartments in the area.
Pam Fessler NPR

One of the biggest problems facing low-income families in the U.S. today is a lack of affordable housing.

According to a recent report by the Joint Center for Housing Studies at Harvard, more than 7 million low-income households now spend more than half of their income for rent, which leaves little money for anything else. And the situation is expected to get worse.

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5:30pm

Tue February 11, 2014
The Two-Way

House Votes To Extend Debt Limit To March 2015

Originally published on Tue February 11, 2014 5:48 pm

The House of Representatives has voted to extend the federal debt limit, after the Republican majority abandoned its hopes to tie other provisions to the measure. By a 221-201 vote, the House voted to extend the debt limit to March 15, 2015.

Update at 5:35 p.m. ET: Ryan Reportedly Voted 'No'

In the end, 28 Republicans joined with 193 Democrats to approve the move.

On Twitter, several congressional reporters quickly noted that House Budget Committee Chairman Paul Ryan, R-Wis., was one of many Republicans who voted against the legislation.

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3:55pm

Tue February 11, 2014
The Salt

After 23 Years, Your Waiter Is Ready For A Raise

Originally published on Wed February 12, 2014 4:21 pm

A Denny's waitress delivers breakfast to customers in Emeryville, Calif. The tipped minimum wage has been stuck at $2.13 since 1991.
Justin Sullivan Getty Images

When Woody Harrelson's character got hired as a bartender on Cheers, he was so excited, he insisted on working for no more than the minimum wage. "I'd work like a slave," he said, "and, of course, I'd wash your car."

Most bar and restaurant workers would prefer to bring home a little more cash. They may be in luck.

As part of his plan to raise the minimum wage, President Obama has called for substantially increasing the base wage paid to tipped workers for the first time in decades.

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10:54am

Tue February 11, 2014
The Salt

N.Y. Immigrants Find They Can Earn Bread And Butter From Baking

Originally published on Tue February 11, 2014 11:31 am

Hot Bread Almacen, the retail shop of Hot Bread Kitchen, is located in the historic La Marqueta building in East Harlem, New York.
Daniel Krieger for Hot Bread Kitchen

In the heart of New York City's Spanish Harlem, women from Morocco to Mexico arrive before dawn to crank up the ovens at Hot Bread Kitchen.

Despite their different cultures and languages, this non-profit training bakery says most of its participants have one thing in common: they all grew up learning how to bake traditional breads.

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10:40am

Tue February 11, 2014
All Tech Considered

The Internet Flexes Political Muscle With Anti-NSA Protest

Originally published on Wed February 12, 2014 1:27 pm

Thousands of websites participating in the "Day We Fight Back" will show this banner, or something similar, to site visitors.
Courtesy of Demand Progress

Reddit, Tumblr and Mozilla are among nearly 6,000 websites participating in "The Day We Fight Back," an online protest Tuesday against government surveillance.

The goal of the protest, organizers say, is partly to pass a federal bill called the USA Freedom Act, which is intended to rein in the mass surveillance programs by the National Security Agency that were exposed by Edward Snowden.

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9:07am

Tue February 11, 2014
The Two-Way

No Change In Fed Policy, Yellen Signals

Fed Chair Janet Yellen.
Jacquelyn Martin AP

Since every word that the head of the Federal Reserve utters is closely watched by those in the financial markets, it's worth noting that in her first appearance before Congress since being confirmed Fed Chair Janet Yellen plans to say Tuesday that:

"I expect a great deal of continuity in the FOMC's approach to monetary policy."

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7:37am

Tue February 11, 2014
Business

Bad Weather Hurts McDonald's U.S. Sales

Originally published on Tue February 11, 2014 1:28 pm

Transcript

STEVE INSKEEP, HOST:

NPR's business news starts with a Big Mac slump.

(SOUNDBITE OF MUSIC)

INSKEEP: McDonald's says its sales in the United States fell for the third straight month. The world's largest burger chain reports bad weather hurt its U.S. sales in January, which fell 3.3 percent. McDonald's fared better overseas. Global sales rose 1.2 percent, as the fast food chain continues to expand abroad.

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7:03am

Tue February 11, 2014
First Reads

Exclusive First Read: 'Young Money' By Kevin Roose

Originally published on Tue February 11, 2014 2:21 pm

Most people who follow the headlines are aware of the lifestyles of Wall Street's titans — and the vast bonuses that fund those lives of luxury. Kevin Roose's new Young Money looks at the bottom of that ladder: the college kids who arrived on Wall Street after the economic crash of 2008, prepared to put their noses to the grindstone in the hopes of making it big — or just making a decent living.

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4:55am

Tue February 11, 2014
Business

'New York Times' Veteran Bill Keller Joins Marshall Project

Originally published on Tue February 11, 2014 1:28 pm

Transcript

RENEE MONTAGNE, HOST:

A well-known name at The New York Times is making the change to digital. After 30 years at The Times as foreign correspondent, executive editor and columnist, Bill Keller announced yesterday he is leaving the paper. He joins journalist and former Wall Street money manager Neil Barsky to report on the criminal justice system. The new venture is called The Marshall Project.

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