GREENE: China might have just dislodged the United States from a position it held for decades as the world's top trading nation. The latest Chinese figures put the value of its overall trade at $4.6 trillion last year.
The United States will release its own 2013 data next month. But for the first 11 months of the year, its trade was worth $3.5 trillion. Transcript provided by NPR, Copyright NPR.
This year's Consumer Electronics Show in Las Vegas includes companies that promise to revolutionize medicine as we know it. They're using sensors and systems like Wi-Fi Internet connections and Bluetooth to monitor the human body on a constant, real-time basis. Critics say this high-tech medicine is leaving security concerns behind.
And let's keep talking about international trade here. The American aluminum giant Alcoa and one of its subsidiaries will pay $384 million in fines to the United States government for engaging in corrupt practices overseas.
The payment is part of a settlement in a bribery case involving the royal family of Bahrain.
Our last word in business today is: Anonymous Reviews.
You know, those product reviews people write on Amazon or Yelp. Many customers rely on them and some people have even dramatized them online - like the actor who read this review by Shelley S. from the ratings website Yelp.
UNIDENTIFIED MAN: The food was sub-par for such a highly-rated restaurant. Overcooked fish, undercooked noodles, and one dish that wasn't labeled spicy was so hot that my father refused to eat it. I won't be going back to this particular PF Chang's.
In what's being called one of the largest U.S. anti-corruption settlements on record, Alcoa and an affiliate it controls have agreed to pay millions in fines and criminal and civil penalties. The companies acknowledge paying bribes to royal family members in Bahrain.
Fifty years after President Lyndon Johnson declared his "War on Poverty," President Obama issued his own plan to combat poverty Thursday with the nation's first five "Promise Zones."
All "Promise Zones" will receive a competitive advantage when applying for federal grants, on-site support from federal officials, and, pending congressional approval, tax incentives for businesses hiring and investing in the community.
Originally published on Fri January 10, 2014 10:50 am
By Quoctrung Bui
Whatever Friday's monthly jobs report says, it won't change the big picture. There are roughly 137 million jobs in this country. About two-thirds of those jobs are in private-sector services; the remaining third are split between goods-producing jobs (mainly manufacturing and construction) and government work (mostly at the state and local level).
Here's a closer look, drawn from the same data that the government collects for the monthly jobs report. (You can see this data, in glorious detail, here.)
At the stroke of midnight on New Year's Eve, a bevy of tax breaks expired in Washington D.C., everything from a tax benefit for people who commute to work using mass transit, to a subsidy for NASCAR racetracks. Some of these are probably less crucial for the national economy, but others are vital to the health of certain industries. At least that's what the businesses that benefit say, as NPR's Chris Arnold has been finding out.