The lending arm of General Electric has stopped offering financing to retailers whose primary business is selling guns. Around 75 retailers are immediately affected. A company spokesman says this is a response to "industry changes, new legislation and tragic events."
I spoke yesterday with Dan Sichel, a Wellesley economist and a Lady Gaga fan. Both of these facts are relevant for this story.
The U.S. government is about to tweak the way it measures the economy, and some of the biggest changes will affect the entertainment industry.
Under the current system, Sichel told me, Lady Gaga's sales of concert tickets, online songs and CDs all count toward gross domestic product. But the value of the time she spends in the studio working on new songs isn't counted. That's about to change.
Three women in coffee leading the way: Stephanie Backus of Portland Roasting, coffee farmer Miguelina Villatoro of Guatemala, and coffee exporter/processor Loyreth Sosa. Here they discuss coffee prices as they survey beans ready for milling.
General Motors has been the American car company in China. Even when GM was in bankruptcy, the Chinese continued to view Buick as a high-status, luxury brand.
But now Ford, an also-ran in the market for years, is making a push to change all that. Last year, Ford's sales were up more than 30 percent in China, and the Ford Focus was the best-selling car in both the world and China.
The redesigned U.S. $100 bill will begin appearing after October with new security features that will make it "easier for the public to authenticate but more difficult for counterfeiters to replicate," the U.S. Federal Reserve said Wednesday.
From NPR News, this is ALL THINGS CONSIDERED. I'm Robert Siegel.
AUDIE CORNISH, HOST:
And I'm Audie Cornish. Boeing says its 787 jetliner should resume passenger service early next month. The so-called Dreamliner has been grounded since problems with the lithium ion batteries surfaced back in January. Batteries on two different planes overheated. One of them, a Japan Air Lines jet, caught fire. Boeing is now working with airlines to retrofit its planes with redesigned batteries now housed in fireproof boxes.
That market dip yesterday that Steve mentioned, the result of a hacked Twitter feed, highlights how much the financial industry relies on computer algorithms. U.S. stock markets lost $200 billion in value in just a few minutes. The markets bounced back when the Associated Press made clear there was no explosion at the White House and the tweet was a hoax.
A "sold" sign is posted outside a home in Carmel, Ind. Black and Latino homebuyers pay about 3.5 percent more for housing than whites and Asians, according to a study released this week by Duke University.
Credit Michael Conroy / AP
Black and Latino homebuyers pay more for housing than whites and Asians, according to a study released this week by Duke University. The price difference is about 3.5 percent.
That may not sound like a lot. But Patrick Bayer, a Duke economics professor who led the study, says when you do the math, that percentage can translate to about $5,000 or $10,000 per housing sale.
I'm Michel Martin and this is TELL ME MORE from NPR News. Now it's time for our Wisdom Watch conversation. That's where we speak with people who've made a difference in their fields.
Today, we hear from one of the most influential tech executives you probably have never heard of unless you're in that field. Not only that, his personal story is just as - if not more - interesting than those of the superstar CEOs you may have heard about in high tech.
In today's economy, many people in search of work can only find part-time jobs. The Bureau of Labor Statistics finds the number of 'involuntary' part-time workers has doubled since 2006. Host Michel Martin talks about what this means for the workplace and the economy, with The Wall Street Journal's Sudeep Reddy.