Business

2:55pm

Fri June 28, 2013
The Salt

Bikini Baristas And Sexist Sausages: Food Marketing Gone Wrong

Originally published on Fri June 28, 2013 4:22 pm

KOMO News

In Seattle, the city that sired Starbucks, you don't have to travel more than a few steps to find a decent — nay, great — cup of joe. Java is the lifeblood of the city: Where other cities might offer walking tours of historic sites, in Seattle, "coffee crawls" take visitors to the city's best-loved coffeehouses.

Read more

2:03pm

Fri June 28, 2013
Parallels

China's 'Shadow Banking' And How It Threatens The Economy

A woman walks past the headquarters of the People's Bank of China (PBOC), the central bank, in Beijing.
Jason Lee Reuters/Landov

Last week was a wild one for China's economy.

Interest rates on the loans that banks make to one another soared to alarming levels, and lending began to freeze up. Shanghai stocks nose-dived, taking Asian markets and the Dow, briefly, with them.

Things have calmed down, but the crisis showed how China's new leaders are trying to confront threats to the health of the world's second-largest economy.

Many here see it as the first shot in a long battle to reform a once-successful economic model that is now running out of gas.

Read more

12:41pm

Fri June 28, 2013
Africa

Can Africa Manage Its Own Growth?

Transcript

MICHEL MARTIN, HOST:

Read more

12:19pm

Fri June 28, 2013
Shots - Health News

Feds Bust Drug Websites Masquerading As Big-Name Chains

Originally published on Fri June 28, 2013 4:55 pm

Federal authorities seized a bunch of websites belonging to online pharmacies that were allegedly breaking the law.
FDA

If you're looking for a deal on prescription drugs or tired of standing in line at the drugstore counter, maybe you'd be inclined to try an online pharmacy.

Perhaps you'd feel better about that choice if the site carried the name of a well-known chain, say, www.walgreen-store.com or www.c-v-s-pharmacy.com.

Read more

11:46am

Fri June 28, 2013
The Two-Way

Who Are These 'Bankers' Ecuador Keeps Referencing?

Originally published on Fri June 28, 2013 1:38 pm

Ecuador is considering an asylum request from Edward Snowden, who reportedly is still holed up at the Sheremetyevo airport in Moscow.
Kirill Kudryavtsev AFP/Getty Images

If you've paid attention to the case of Edward Snowden, you might have heard Ecuadorean officials refer to some bankers the U.S. is refusing to hand over.

Ecuador, of course, is considering an asylum request from the NSA leaker. The U.S. is pressuring them to abide by an extradition request, while Ecuador is taunting the giant.

Read more

4:44am

Fri June 28, 2013
Education

Student Loan Rates Set To Double On July 1

Originally published on Thu March 20, 2014 4:00 pm

The interest rate on new Stafford loans is going to jump from 3.4 percent to 6.8 percent Monday.
iStockphoto.com

The interest rate on government-backed student loans is going to jump from 3.4 percent to 6.8 percent Monday.

Republicans, Democrats and the Obama administration could not agree on a plan to keep it from happening. Lawmakers say a deal is still possible after the July 4 recess. But if they don't agree on a plan soon, 7 million students expected to take out new Stafford loans could be stuck with a much bigger bill when they start paying the money back.

It has been one of the more heated debates in Washington this year.

Read more

4:33am

Fri June 28, 2013
Economy

In Phoenix, 'Zombie' Subdivisions Rise From The Dead

Originally published on Fri June 28, 2013 10:57 am

Workers frame a home in Gilbert, Ariz., near Phoenix, in July 2012. Developers are buying up half-built and vacated subdivisions amid renewed demand for housing.
Matt York AP

Developers in Phoenix are scrambling to keep up with another frenzied demand for housing. During the Great Recession, homebuilders in the suburbs abandoned neighborhoods that were only half-built. These so-called zombie subdivisions left a ring of unfinished construction around the city.

But now, the zombies are waking up.

Read more

4:33am

Fri June 28, 2013
Business

China's Leaders Beginning To Confront Its Economic Problems

Originally published on Fri June 28, 2013 7:13 am

Transcript

RENEE MONTAGNE, HOST:

And last week was a wild one for China's economy. First, interest rates on the loans that banks give each other spiked. As the banks struggled to get money, stock markets dropped - not only in China - but throughout Asia - and briefly in New York.

Things have calmed down since then. But the crisis showed how China's new leaders are just beginning to confront some fundamental problems in the world's second largest economy.

We're going to NPR's Frank Langfitt in Shanghai to tell us what they're doing.

And good morning.

Read more

4:33am

Fri June 28, 2013
Business

Business News

Originally published on Fri June 28, 2013 7:13 am

Transcript

DAVID GREENE, HOST:

NPR's business news starts with new charges against China.

(SOUNDBITE OF MUSIC)

GREENE: The United States charged a Chinese wind turbine maker, yesterday, with stealing trade secrets from a U.S. company. The Department of Justice says China's Sinovel stole more than $800 million worth of intellectual property from U.S. company AMSC.

AMSC is seeking more than $1 billion in damages. Transcript provided by NPR, Copyright NPR.

4:33am

Fri June 28, 2013
Politics

Agencies Continue To Identify Fallout From Sequestration

Originally published on Fri June 28, 2013 7:13 am

Transcript

RENEE MONTAGNE, HOST:

This is MORNING EDITION, from NPR News. I'm Renee Montagne.

DAVID GREENE, HOST:

And I'm David Greene. Good morning. Well, now that summer is officially here, we thought this might be a good time to check in with some of our colleagues to find out how the federal budget cuts known as sequestration are playing out. These cuts went into effect in the spring, and it is becoming clear that some federal agencies and programs are feeling the brunt, while others have largely escaped.

Read more

Pages