Business

5:23am

Wed January 22, 2014
Business

Global Economic Recovery To Keep Strengthening

Originally published on Wed January 22, 2014 8:12 am

The International Monetary Fund has updated its outlook for the world economy. The IMF boosted its forecast for global growth slightly. It also hiked its estimate for U.S. growth.

3:43am

Wed January 22, 2014
Around the Nation

Gentrification May Actually Be Boon To Longtime Residents

Originally published on Wed January 22, 2014 9:34 am

The bustling Sidamo coffee shop in Washington's H Street Northeast neighborhood. The area has attracted many new, young residents and high-end bars, retail and restaurants over the past several years.
Meredith Rizzo NPR

Bobby Foster Jr. can often be found reading the paper on a wooden bench outside Murry's grocery store on the corner of Sixth and H streets northeast in Washington, D.C.

"The sun shines over here this time of day," says Foster, a retired cook. "It's always good when the sun shines."

Murry's has been an anchor in this neighborhood for decades — during the crack wars of the 1980s and the urban blight that followed, when most other businesses packed up and left. Foster has been somewhat of an anchor, too. He's lived here for 54 years.

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8:23pm

Tue January 21, 2014
The Two-Way

Buying A Detroit House For $500, And Then Explaining Why

Originally published on Thu January 23, 2014 1:43 pm

A corner in Poletown, the section of Detroit where Drew Philip bought a house for $500.
Courtesy of Garrett MacLean

Drew Philp made waves this month by explaining to the Internet why he bought a house in struggling Detroit for $500. In his much-discussed story for Buzzfeed, Philp said that he is part of "another Detroit," one where people are working to help each other and save their city.

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7:29pm

Tue January 21, 2014
The Two-Way

Big Bike-Sharing Supplier's Bankruptcy Doesn't Doom U.S. Programs

A major supplier to bike-sharing companies declared for bankruptcy this week — but experts say they still see the services spreading. Here, a man rides a Citibike through the Dumbo district of Brooklyn.
Spencer Platt Getty Images

The Canadian company that is the main equipment and technology suppliers for bike-sharing systems across the U.S. has filed for bankruptcy.

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6:34pm

Tue January 21, 2014
MPX Lead

Hackers Go 'Phishing' In The Wake Of Target Data Breach

Originally published on Tue January 21, 2014 7:55 pm

The retailing giant Target is doing what it can to limit the damage from a massive data breach. But there are signs that other hackers are trying to take advantage of the original data theft with elaborate "phishing" schemes.

6:20pm

Tue January 21, 2014
MPX Lead

High Court Considers Legality Of 'Fair Share' Union Fees

Originally published on Wed January 22, 2014 9:57 am

A worker clears snow from in front of the U.S. Supreme Court in Washington, D.C., on Tuesday.
Susan Walsh AP

The rest of Washington may have shut down for the snow, but not the U.S. Supreme Court. Instead, the justices heard arguments Tuesday in a case that could decimate public employee unions. At issue: whether nonunion members can be required to pay fees to help cover the cost of negotiating a contract from which they benefit.

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3:51pm

Tue January 21, 2014
The Salt

Whole Foods Bans Produce Grown With Sludge. But Who Wins?

Originally published on Tue January 21, 2014 6:55 pm

A woman shops in the produce section at Whole Foods in New York City. The company recently announced it would prohibit produce farmed using biosolids in its stores.
Stephen Chernin/Getty Images

If you've ever shopped at Whole Foods, you've probably noticed that some of the foods it sells claim all kinds of health and environmental virtues. From its lengthy list of unacceptable ingredients for food to its strict rules for how seafood is caught and meat is raised, the company sets a pretty high bar for what is permitted on its coveted shelves.

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12:00pm

Tue January 21, 2014
Economy

Falling Unemployment Rate: Are We Delusional About The Economy?

Originally published on Tue January 21, 2014 12:52 pm

Transcript

CELESTE HEADLEE, HOST:

I'm Celeste Headlee, and this is TELL ME MORE from NPR News. Michel Martin is away. Coming up, much of the news out of Detroit has been bad lately, but one guy says it's a great place to live. We'll hear why he decided to help the Motor City comeback by purchasing a $500 wreck of a house. That's just ahead.

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11:13am

Tue January 21, 2014
Economy

Workers May Be Missing, Or Maybe Just Retiring

Originally published on Tue January 21, 2014 12:52 pm

Is the economy strengthening, or is the jobless rate falling only because so many people are dropping out of the workforce?
iStockphoto

For more than four years, the unemployment rate has been sliding down — from a 10 percent peak to today's 6.7 percent.

But does that reflect a fast-strengthening economy? Or is the rate falling only because so many people are dropping out of the workforce?

In coming weeks, members of Congress and the Federal Reserve Board will be making big policy decisions based upon their best understanding of those unsettled questions.

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7:49am

Tue January 21, 2014
Business

More Cities Bring Buried Streams Back To Life

Originally published on Tue January 21, 2014 8:07 am

Transcript

STEVE INSKEEP, HOST:

Many cities across this country have paved over their streams, often to make way for urban development. The streams go underground. Now cities are realizing that uncovering those streams can have environmental and economic benefits.

Ann Thompson of member station WVXU reports so-called daylighting could be coming to a stream near you.

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