Business

5:34pm

Tue September 17, 2013
Economy

CBO Report: Long-Term Deficit Picture Gloomy

Transcript

ROBERT SIEGEL, HOST:

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.

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4:57pm

Tue September 17, 2013
Parallels

As Economy Cools, Brazilians Find Themselves Trapped In Debt

Originally published on Tue September 17, 2013 8:44 pm

A woman looks at clothes inside a shop in Rio de Janeiro. Consumption has been a huge driver of the Brazilian economy, but the boom years are over, and economists say the outlook isn't good.
Sergio Moraes Reuters/Landov

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.

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12:21pm

Tue September 17, 2013
The Two-Way

Poverty Rate Unchanged In 2012

How the number of Americans below the poverty line and the poverty rate have changed.
Census Bureau

The nation's poverty rate remained unchanged at 15 percent in 2012, the Census Bureau said Tuesday.

For a family of four (two adults, two children) the poverty threshold in 2012 was $23,283.

There were 46.5 million Americans below the poverty line last year, Census says, vs. 46.2 million in 2011.

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12:17pm

Tue September 17, 2013
Digital Life

#LATISM: Digital Media's Pull For Latinos

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.

12:17pm

Tue September 17, 2013
Business

Drive To 'Create Stuff' Brings Immigrant Success

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.

11:06am

Tue September 17, 2013
Parallels

Why Is The Global Shipbuilding Business Struggling?

Originally published on Tue September 17, 2013 12:43 pm

Laborers stand on a new ship at a Rongsheng Heavy Industries shipyard in Nantong, China, in 2012. The troubles at Rongsheng, China's largest private shipbuilder, mirror what's happening in the global industry.
Aly Song Reuters/Landov

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.

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8:46am

Tue September 17, 2013
The Two-Way

No Inflation In Sight As Federal Reserve Policymakers Meet

Originally published on Tue September 17, 2013 10:31 am

Consumer prices rose a scant 0.1 percent in August from July and were up a modest 1.5 percent since August 2012, the Bureau of Labor Statistics said Tuesday morning.

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8:12am

Tue September 17, 2013
Business

Hello Kitty Pitches Beer

Originally published on Tue September 17, 2013 9:38 am

Transcript

RENEE MONTAGNE, HOST:

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.

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8:12am

Tue September 17, 2013
Business

Fed Meeting Could Lead To Stimulus Reduction

Originally published on Tue September 17, 2013 9:38 am

Transcript

STEVE INSKEEP, HOST:

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.

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3:03am

Tue September 17, 2013
Shots - Health News

For-Profit Online Insurance Brokers Gear Up To Sell Obamacare

Originally published on Wed September 18, 2013 8:34 am

Workers at the eHealth call center outside Sacramento, Calif., get ready to sell health insurance through the marketplaces created under the federal health care law. Sales start Oct. 1.
eHealth Inc.

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.

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