From NPR News, this is ALL THINGS CONSIDERED. I'm Robert Siegel.
AUDIE CORNISH, HOST:
And I'm Audie Cornish.
The nonpartisan Congressional Budget Office just added fuel to the fire already raging in Washington over what to do about the deficit. A new CBO study paints a grim picture of the nation's long-term debt and deficit.
NPR's Tamara Keith reports that despite three years of fighting over it, Congress hasn't done much to improve things.
It all started out so promisingly. She was young, still in her teens, and she'd landed her first job. As is the custom in Brazil, to get your salary you have to open an account with the bank the company deals with — and with that new account came the woman's first credit card.
"The banks say, 'I want to help you,' " she says. "And if you have a credit card, it's a status symbol, you are well-regarded."
She switched jobs. That company dealt with another bank — which issued her another credit card. She got a store credit card, too.
Reports show that Latinos are plugged into social media, but does this mean they are turning from traditional media? Host Michel Martin speaks with Viviana Hurtado, founder of The Wise Latina Club, and entrepreneur Fernando Espuelas about how social media is helping to empower Latinos.
Entrepreneur Fernando Espuelas speaks with host Michel Martin about why he thinks more Latino business leaders need to step up to the plate. Espuelas was named by PODER Magazine as one of "The Nation's 100 Most Influential Hispanics" in 2012.
Originally published on Tue September 17, 2013 12:43 pm
There's news this week that shipbuilder STX Finland will close what it describes as "the world's leading ferry builder," a yard where the company also built small cruise ships, icebreakers and naval craft.
The company blamed economic conditions for the closure of the Rauma Shipyard. Work from there will be shifted to the company's facility in Turku. About 700 people will lose their jobs.
Next, we go to a wildly successful Japanese export that specializes in cute. I'm talking about the white cat with a red bow and a button nose, whose image adorns everything from school supplies to rifles to RVs.
STEVE INSKEEP, HOST:
Yes, our last word in business today is: Hello Kitty - in a can.
The Japanese company Sanrio has licensed the pudgy face cartoon cat to a Taiwanese beverage maker which is selling fruit-flavored beer in China and Taiwan.
And we are following other stories this week, including possible action by the Federal Reserve. Many analysts expect the Fed to announce the first reduction in its massive intervention in the economy, $85 billion per month, a decision that may come at the end of a two-day meeting. Here's NPR's John Ydstie.
When the Affordable Care Act was working its way through Congress, Gary Lauer was nervous. Part of the bill sounded grim. It said people could buy required health coverage online, but only through websites run by state and federal governments.
"That was going to pretty much delete us from the landscape," he says.