Business

3:26am

Thu January 16, 2014
It's All Politics

Jobs Pitchman Takes Labor Department's Show On the Road

Originally published on Thu January 16, 2014 3:07 pm

"Any federal employee who's driving a Dodge Viper either has a really good spouse, a really good inheritance or needs to be investigated by the inspector general," Labor Secretary Tom Perez says at the Detroit Auto Show.
Brian Naylor NPR

Tom Perez is having fun at the North American International Auto Show in Detroit. He sits in a Corvette, climbs into a new pickup truck, and gamely poses for pictures next to a $140,000 Dodge Viper.

"Any federal employee who's driving a Dodge Viper either has a really good spouse, a really good inheritance or needs to be investigated by the inspector general," he jokes.

Read more

6:20pm

Wed January 15, 2014
The Two-Way

Obama Nominates Maria Contreras-Sweet To Head SBA

President Barack Obama announces he will nominate Maria Contreras-Sweet, left, founder and board chairman of a Latino-owned community bank in Los Angeles, as the head of the Small Business Administration.
Jacquelyn Martin AP

Former California official Maria Contreras-Sweet is President Obama's pick to lead the Small Business Administration. She was introduced and her official nomination announced at a White House event Thursday.

Born in Mexico, Contreras-Sweet became the first Latina to serve as a cabinet secretary in California when she led its Business, Transportation and Housing Agency from 1999-2003.

That post led Obama to tell this anecdote:

Read more

5:53pm

Wed January 15, 2014
Shots - Health News

After Checking Blood Pressure, Kiosks Give Sales Leads To Insurers

Originally published on Thu January 16, 2014 4:56 pm

SoloHealth owns 3,500 health screening kiosks like this one in San Francisco. In some states, the company sells customer contact information to insurers.
April Dembosky

Those machines in drugstores and supermarkets that let people check their blood pressure also may be selling people's contact information to insurance companies trolling for new customers.

One of these kiosks sits in Aisle 10 of a Safeway in a city near San Francisco. Sitting down at the machine is like slipping into the cockpit of a 1980s arcade game. There are a big plastic seat and footrest for measuring weight and body mass index, a window for testing vision, and a blood pressure cuff. The kiosks don't charge people for the blood pressure measurement.

Read more

5:53pm

Wed January 15, 2014
Economy

Fed Vice Chairman Nominee Taught Bernanke And Many Others

Originally published on Wed January 15, 2014 7:44 pm

Transcript

AUDIE CORNISH, HOST:

In other personnel news, the president has nominated Stanley Fischer to serve as the next vice chairman of the Federal Reserve. He would replace Janet Yellen, who's been promoted to chairman of the central bank. Yellen reportedly recruited Fischer personally to serve as her deputy. He spent much of the last decade running Israel's central bank.

As NPR's Scott Horsley reports, Stanley Fischer is credited with helping that country weather the financial crisis better than most and with training many of the world's top economists.

Read more

5:53pm

Wed January 15, 2014
Economy

Obama Unveils New Plans To Encourage Manufacturing Jobs

Originally published on Wed January 15, 2014 7:44 pm

Transcript

AUDIE CORNISH, HOST:

From NPR News, this is ALL THINGS CONSIDERED. I'm Audie Cornish.

MELISSA BLOCK, HOST:

And I'm Melissa Block. President Obama has been talking a lot lately about income inequality. Today, he visited a factory in North Carolina and announced new steps that he said would create more good-paying, middle class jobs. He plans to do that by boosting American manufacturing and at the center of that plan is a big idea: a new, federally-funded innovation institute.

Read more

5:53pm

Wed January 15, 2014
Business

Boeing Machinists' Plight Marks Changing Times For Labor

Originally published on Wed January 15, 2014 8:36 pm

Boeing machinists and other supporters held a rally against the company's offer the day before the critical vote, which took place in early January.
Ashley Gross KPLU

The mood at the Seattle union hall was quiet, almost funereal on the night Boeing workers narrowly approved an offer to build the company's new airliner, the 777X.

Members of the International Association of Machinists and Aerospace Workers who had gathered had wanted to reject the offer. But they were in a tight spot. They risked losing the bid to one of the 21 states hoping to step in.

Read more

5:27pm

Wed January 15, 2014
The Two-Way

IMF's Lagarde: Any U.S. Budget Deal Is Better Than None

Christine Lagarde, who heads the International Monetary Fund, offered some positive comments about Congress on Wednesday.

Her assessment was a shade better than "faint praise," but something less than "Attaboy!"

Speaking at the National Press Club, Lagarde said she was pleased to see U.S. lawmakers have been moving forward "in a more orderly fashion" as they work on spending legislation.

Read more

5:04pm

Wed January 15, 2014
Planet Money

Paper Or Plastic: How Americans Buy Stuff, In 1 Graph

adfa

Quick question: How many times do you pay for stuff in a given month? Not how much do you spend, but how many times do you exchange dollars for goods or services — pay a bill, put gas in your car, download a song from iTunes, pick up a sandwich for lunch, whatever.

Read more

4:19pm

Wed January 15, 2014
The Salt

German Farmers Fear For Europe's Bacon With U.S. Trade Deal

Originally published on Wed January 15, 2014 9:12 pm

German farmer Rudolf Buehler and other opponents of the Transatlantic Free Trade Agreement protest with 17 pigs in front of the chancellor's office building in Berlin on Wednesday.
Soraya Sarhaddi Nelson NPR

When German farmers and activists descended upon Chancellor Angela Merkel's office building Wednesday morning, they brought along some special guests — 17 pigs. The stunt was the latest European backlash against a proposed free trade deal with the U.S. that could lift restrictions on American meat sold in Europe.

Under the watchful eye of German police officers, the pigs munched happily on straw strewn across the pavement to keep the herd from running amok.

Read more

4:18pm

Wed January 15, 2014
The Two-Way

Regions Bank To Discontinue Payday Loan Program

Originally published on Fri January 17, 2014 11:15 am

One of several banks that offer payday loans is getting out of the business.

Regions Bank announced Wednesday that it will discontinue its "deposit advance" product known as Ready Advance.

Deposit advances are small, costly loans that bank customers take out between paychecks, and pay back automatically when a scheduled direct deposit comes through.

Read more

Pages