Switching gears now. Unemployment for young people is another one of those contentious political issues as well as a burden for people living through it. Overall, the unemployment rate in the U.S. is just over 7 percent, but for younger workers it's much higher. For some young workers or would-be workers in sub-groups like black teens, unemployment is at depression levels. But what you might not know is that youth unemployment is a global concern.
I'm Michel Martin and this is TELL ME MORE from NPR News. Coming up, high unemployment in the U.S. is an ongoing political issue - one reason lawmakers right now are starting to talk about extending long-term unemployment benefits. But younger workers have been particularly hard hit during the world-wide economic slowdown. We're going to take a look how youth unemployment around the world is affecting political discussions. That's in just a few minutes.
OK. Our last word in business is: ski tweeting. Is that really a thing?
Well, the Australian Olympic Committee has placed a social media ban on its athletes at the Sochi Winter Games coming up in Russia. Tweeting, Facebooking and Snap-chatting join partying as officially forbidden activities.
Winter athletes can thank their summer colleagues for the new social media ban. The country's Olympic committee came up with the rule after a disappointing showing by the Australian swim team during the London Summer Games.
NPR's business news starts with a change of guard at the Fed.
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GREENE: The Senate is set to vote on Janet Yellen's nomination today. She is President Obama's pick to succeed Ben Bernanke as the chairman of the Federal Reserve. If Yellen is confirmed as expected, she'll take over for Bernanke at the end of this month.
We've known for some time, that having more education usually leads to higher pay. Well, now a study suggests that the advantage persists even into retirement years, in part because those with more education tend to stay in the workforce longer.
NPR's Ina Jaffe covers aging and she has this story.
INA JAFFE, BYLINE: For people in their late 60's or 70's or beyond, college might seem like a long time ago. But the impact persists, says study co-author Heidi Hartmann.
As far as New Year's resolutions go, saving more money is often a popular one. Actually being able to do that - well, we know how that story usually ends. But researchers may have come up with a winning method. NPR's social science correspondent Shankar Vedantam, we are all ears.
SHANKAR VEDANTAM, BYLINE: Carolann Broekhuizen is a retired life insurance claims examiner. She lives in Waterford, Michigan. Whenever she has a little extra money, there are some things she likes to do.
Congress returns to Washington this week, and Senate Majority Leader Harry Reid has pledged the first item on the agenda will be restoring long-term unemployment benefits. Those benefits expired last week, and an estimated 1.3 million people stopped receiving checks.
And we can't get enough of the Consumer Electronic Show in Las Vegas. We're staying right there with a question: two-door or four-door? Gas or hybrid? Soon it won't be long before the car salesperson is asking Apple or Google?
Automakers unveiled an alliance yesterday that's aimed at bringing Google's Android operating system into millions of cars in the next few years. Here's NPR's Steve Henn.