Business

4:45am

Mon July 8, 2013
Education

Congress Called On To Reverse Student Loan Rate Increase

Originally published on Mon July 8, 2013 2:02 pm

Rates on federally subsidized Stafford loans, which help low and middle-income college students, doubled on July 1. There is now pressure for a deal to undo the increase. NPR's David Greene talks to Matthew Chingos, a fellow at the Brookings Institution's Brown Center on Education Policy.

4:45am

Mon July 8, 2013
Business

The Last Word In Business

Originally published on Mon July 8, 2013 5:25 am

On Saturday, speaking to priests-in-training and nuns, Pope Francis said a car is necessary to do a lot of work, but it shouldn't be a fancy one. He said, "Just think about how many children are dying of hunger in the world." He added that seeing priests and nuns in the latest-model cars hurts him.

3:52am

Mon July 8, 2013
Parallels

EU-U.S. Trade: A Tale Of Two Farms

Originally published on Mon July 8, 2013 2:12 pm

Farmer Richard Wilkins, a firm believer in genetically modified crops, examines the corn crop at his farm in Greenwood, Del. U.S. and EU officials begin talks Monday on an ambitious free-trade agreement. One stumbling block is agriculture. Unlike the U.S., the EU bans the cultivation of genetically modified crops.
Jackie Northam/NPR

U.S. and EU officials begin talks Monday on an ambitious free-trade agreement aimed at generating billions of dollars of new trade. But negotiators must overcome barriers created by cultural and philosophical differences over sectors like agriculture. In Europe, the cultivation of genetically modified crops is banned, while in the U.S., they are a central part of food production. NPR's Jackie Northam visited a farm in Delaware and NPR's Eleanor Beardsley visited one in Burgundy, France, to look at those deep-seated differences. We hear from Jackie first.

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3:41am

Mon July 8, 2013
Parallels

Call Centers Call On Multilingual Portuguese

Originally published on Mon July 8, 2013 1:04 pm

New employees train for call center work at Teleperformance Portugal, an outsourcing company in Lisbon. The outsourcing industry is adding thousands of jobs while other Portuguese industries shed them.
Jose Faria Courtesy of Teleperformance Portugal

Filipa Neves speaks five languages but still couldn't find steady work in her native Portugal. So she was about to move to Angola, a former Portuguese colony in Africa, where the economy is booming.

But she sent off one last resumé — to a call center. It was sort of a last resort. She'd heard the stereotype.

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2:53am

Sun July 7, 2013
U.S.

Despite Hefty Payouts, Fire Insurance Costs Hold Steady

Originally published on Sun July 7, 2013 2:46 pm

Firefighter Brandie Smith walks by the remains of a structure destroyed in the Black Forest wildfire north of Colorado Springs last month. More than 500 homes have been lost to wildfire in the state this year.
Ed Andrieski AP

Wildfires have already destroyed hundreds of homes in the American West this year. The insurance industry is once again poised to pay out hundreds of millions of dollars to cover those losses, as it already has for homeowners who lost their houses during last year's fire season.

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9:54am

Sat July 6, 2013
National Security

Defense Contractors See Their Futures In Developing World

Originally published on Sat July 6, 2013 5:12 pm

A mannequin in night-vision goggles is part of a display at a border-security expo in Pheonix last year. Defense companies are seeking growth in markets in the developing world, or in homeland and cybersecurity.
Amanda Meyers AP

Defense manufacturers worldwide are facing tough times ahead, as tight budgets force Western governments to cut spending. But while the West is cutting back, developing countries around the world are spending more on defense — a lot more.

Last fall, defense contractors warned of massive layoffs if the U.S. government enacted the automatic budget cuts known as sequestration. Now, sequestration is in effect, but job losses are limited, in part because many Pentagon contracts were already in place and will keep assembly lines rolling for much of this year.

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9:54am

Sat July 6, 2013
Economy

June Job Numbers Perk Up Optimists

Transcript

(SOUNDBITE OF MUSIC)

LINDA WERTHEIMER, HOST:

This is WEEKEND EDITION from NPR News. I'm Linda Wertheimer.

The economy added 195,000 jobs in June. That was a surprise and a delight to both economists and Wall Street. But the unemployment rate was stuck at 7.6 percent.

NPR's Sonari Glinton reports that the economic recovery continues at a slow but steady pace.

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6:24am

Sat July 6, 2013
Around the Nation

With Bullets Scarce, More Shooters Make Their Own

Originally published on Sat July 6, 2013 9:05 pm

Since the Newtown school shooting in December, gun stores nationwide have had difficulty keeping ammunition, like these .223-caliber rifle bullets, in stock.
Justin Sullivan Getty Images

Gun stores around the country have had difficulty keeping up with demand for ammunition in recent months. Fears of government tightening of gun and ammunition controls have meant that retailers, from Wal-Mart to mom-and-pop gun shops, haven't been able to keep bullets on the shelves.

Cliff Poser's gun shop, Cliff's Guns, Safes and Reloading in Boise, Idaho, is one of them. Business has been so crazy lately that he has to keep a special stash of ammunition, just so customers who buy guns from him can also buy bullets.

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5:45pm

Fri July 5, 2013
Economy

Jobs Keep Growing. How Soon Should The Fed Stop Helping?

Originally published on Tue July 9, 2013 12:37 pm

Many economists are encouraged by the latest jobs report because the stronger growth doesn't appear to be just a one-month blip.
Kevork Djansezian Getty Images

The latest employment report is encouraging to many economists because the stronger job growth doesn't appear to be just a one-month blip. But some worry that it's so strong the Federal Reserve may pull back efforts to boost the economy.

The Labor Department's newest data released Friday shows the U.S. added 195,000 jobs in June. The prior two months were also revised upward — above 190,000 for both April and May.

That's three months of more-robust job growth.

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4:25pm

Fri July 5, 2013
Social Entrepreneurs: Taking On World Problems

At Cambodia Hotel, The Workers Are The Boss

Originally published on Tue July 9, 2013 12:37 pm

Traffic passes in front of the Soria Moria Boutique Hotel in Siem Reap, Cambodia.
Will Baxter for NPR

This story is part of NPR's ongoing series about social entrepreneurs — people around the world who are dreaming up innovative ways to develop communities and solve social problems.

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