Business

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.

4:45am

Mon July 8, 2013
Economy

IMF Warns Of Global Slowdown

Originally published on Mon July 8, 2013 5:20 am

International Monetary Fund chief Christine Lagarde on Sunday singled out the U.S. Congress for failing to avert across-the-board spending cuts that slow down potential for growth. She called U.S. deficit reduction in 2013 excessively rapid and ill-designed.

4:45am

Mon July 8, 2013
Energy

'Gasland' Helped Add Fracking To U.S. Lexicon, Now There's A Sequal

Originally published on Mon July 8, 2013 8:12 am

The documentary Gasland inspired legions of "fracktivists" to oppose natural gas drilling booms across the country. Now the film has a sequel. Gasland Part II by director Josh Fox begins airing on HBO Monday night.

4:45am

Mon July 8, 2013
Business

Emotions, Fees Play Major Roles For Individual Investors

Originally published on Mon July 8, 2013 5:17 am

In recent weeks, NPR's Uri Berliner took money from his personal savings account that was losing value to inflation and sought out various investments. What did he learn?

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.

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.

Read more

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.

Read more

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.

Read more

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.

Read more

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.

Read more

Pages