"All three Detroit automakers saw double-digit sales increases in August compared with the same month last year," the Detroit Free Press writes. The gains "show that the automotive industry remains one of the economy's few bright spots," it adds.
Not so long ago, the journalist James Fallows made a prediction about China. Many Americans worry about the power of a rising China, but Fallows argued that in the next few years Americans may have more to worry about from China's weakness.
China's economic boom has altered the world economy, but its growth is slowing down. And we're going to talk about that with Beijing-based economist Patrick Chovanec. He's on the line from Beijing.
NPR's business news starts with iPhones and Kindles and Droids - oh, my.
(SOUNDBITE OF MUSIC)
GREENE: Tech giants Nokia, Motorola and Amazon are all expected to announce new hand-held devices this week. It may be an attempt to keep pace with Apple, now the largest U.S. company ever. Apple's rumored to be unveiling its new iPhone at a news conference next week.
Crowd funding began as a way to support the arts on the Internet. Artists could go online to pitch a new album, for example, in the hope that thousands would give small amounts. But now it's expanded to entrepreneurs, and the rules aren't quite as clear.
Union shops in the private sector have dwindled in recent decades. Now, public union leaders worry that they're losing political clout, bargaining power and members. That raises questions about whether unions fallen victim to their own success. Originally broadcast on June 7, 2012.