Business

11:35am

Fri December 6, 2013
The Two-Way

Paneer Pizza: Domino's Sees India Becoming Second-Largest Market

Originally published on Fri December 6, 2013 1:40 pm

An employee rides a motorcycle to deliver Domino's pizzas in New Delhi this past May. Domino's Pizza CEO J. Patrick Doyle says India is poised to become the chain's largest market outside the U.S., on the strength of a menu tailored to Indians' tastes.
Anindito Mukherjee Reuters/Landov

In recent years, Domino's Pizza has rapidly expanded overseas — helping it open stores at a faster clip than Starbucks or Dunkin' Donuts, according to Forbes. Part of that growth is in India, which company CEO J. Patrick Doyle says is poised to supplant Britain as the chain's largest market outside the U.S.

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11:25am

Fri December 6, 2013
All Tech Considered

Tech Week That Was: #NPRBlacksInTech, Amazon's Buzz On Drones

Originally published on Fri December 6, 2013 12:36 pm

Amazon CEO Jeff Bezos' announcement that the company is pursuing drone delivery technology incited equal parts media buzz and fervent skepticism.
AP

This week, our friends at NPR's Tell Me More turned the spotlight on black leaders in the tech industry — a demographic that's underrepresented in the field, as Gene Demby explored when covering coders of color. The conversation continues on Twitter through Dec. 20, where tech thinkers will live-tweet their days and answer questions about the field.

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9:29am

Fri December 6, 2013
The Two-Way

Eyes Turn To The Fed As Unemployment Rate Falls To 5-Year Low

Originally published on Fri December 6, 2013 11:41 am

(This post was updated at 10:15 a.m. ET)

The nation's unemployment rate dropped to 7 percent — the lowest mark in five years — and employers added 203,000 jobs to payrolls last month, the Bureau of Labor Statistics reported Friday.

The latest data could build anticipation that the Federal Reserve might taper its stimulus program.

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5:30am

Fri December 6, 2013
Business

Value In Brazil's State Oil Company Drops

Originally published on Fri December 6, 2013 10:49 am

Transcript

RENEE MONTAGNE, HOST:

And Brazil's state oil company, Petrobras, lost 15 percent of its market value this week - that's some $10 billion. NPR's Lourdes Garcia-Navarro reports from Sao Paulo on why oil analysts predict more trouble ahead for the oil giant.

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5:28am

Fri December 6, 2013
Economy

November's 7 Percent Jobless Rate Beats Expectations

Originally published on Fri December 6, 2013 10:49 am

The Labor Department on Friday said the nation's unemployment rate fell to 7 percent, a five-year low, as U.S. employers added 203,000 jobs to payrolls in November. In October, the unemployment rate was 7.3 percent.

5:16am

Fri December 6, 2013
Business

Nelson Mandela Helps Madiba Shirts To Become Popular

Originally published on Fri December 6, 2013 10:49 am

Transcript

STEVE INSKEEP, HOST:

And today's last word in business is: Madiba Shirts.

We've been remembering this morning that many impacts that Nelson Mandela had on the world in politics and race and reconciliation. He died yesterday in South Africa at the age of 95. But we cannot leave without mentioning his impact on fashion.

RENEE MONTAGNE, HOST:

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7:47pm

Thu December 5, 2013
Economy

Meet The Humble Container That Moves The Global Economy

Originally published on Fri December 6, 2013 2:49 pm

The container carrying the Planet Money women's T-shirts is loaded onto a ship in Cartagena, Colombia.
Eric Helton for NPR

NPR's Planet Money team is manufacturing its own T-shirt. After the women's shirt was assembled in Colombia, they voyaged by container ship to Miami. The container, a big standardized box that moves easily from truck to ship to train, is the unsung hero of the global economy. It was invented in the 1950s and dramatically reduced shipping costs, ushering in a new era vastly different than the world retired stevedores remember.

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7:47pm

Thu December 5, 2013
Around the Nation

Fast Food Workers Rally Across Country For Better Pay

Workers rallied in 100 cities on Thursday to raise awareness for increasing pressure to raise wages. The push comes as 19 cities and states already raised minimum wages. A report from Berkeley economists finds the low-wage fast food jobs are costing taxpayer billions of dollars in public assistance — everything from food stamps to Medicaid.

7:00pm

Thu December 5, 2013
Politics

To Fix Social Security, Some Democrats Want To Lift Wage Cap

Originally published on Thu December 5, 2013 7:39 pm

Sen. Elizabeth Warren, D- Mass., listens to testimony during a Banking Committee hearing on Nov. 12. In a Senate floor speech on Social Security last month, Warren said, "With some modest adjustments, we can keep the system solvent for many more years, and we could even increase benefits."
Jacquelyn Martin AP

For the past three years, there's been a shortfall in the payroll taxes collected for Social Security. And as more baby boomers join the ranks of the 57 million people already receiving benefits, that deficit is bound to keep growing.

At the same time, the overall share of wages being taxed for Social Security is shrinking as the higher wages that are exempt have soared. The Social Security Board of Trustees predicts a nearly $3 trillion trust fund built up over decades will vanish within 20 years.

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3:51pm

Thu December 5, 2013
Planet Money

The Job Market Is Still Awful, In 3 Graphs

Originally published on Fri December 6, 2013 10:05 am

Quoctrung Bui / NPR

Update: The jobs report is out. The U.S. added 203,000 jobs last month, and the unemployment rate fell to 7 percent. The job market is improving, but it's still very bad.

When the big jobs report comes out Friday morning, we'll hear a lot about what happened in November in the job market.

But whatever happened last month, it won't change this fact: The job market is still terrible.

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