Business

1:31pm

Wed June 26, 2013
Parallels

Angry Chinese Workers Resort To Direct Action

American Chip Starnes, co-owner of Specialty Medical Supplies, waves Monday from a window where he is being held by angry workers inside his plant at the Jinyurui Science and Technology Park on the outskirts of Beijing. He remained confined to the plant on Wednesday.
Andy Wong AP

When Chinese workers have a grievance, they are increasingly taking dramatic and direct action.

As we've reported, an American executive at a Chinese factory has been prevented by workers from leaving the plant since Friday. Chip Starnes of Specialty Medical Supplies says it's a misunderstanding following a decision to shut down part of his medical-supply business and move some jobs to India where wages are lower.

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5:46am

Wed June 26, 2013
Politics

Senate Bill Would Do Away With Fannie Mae, Freddie Mac

Originally published on Wed June 26, 2013 11:13 am

Transcript

RENEE MONTAGNE, HOST:

It's MORNING EDITION, from NPR News. I'm Renee Montagne.

DAVID GREENE, HOST:

And I'm David Greene. Good morning. In the midst of the housing crisis in 2008, the mortgage giants Fannie Mae and Freddie Mac were brought into government hands. And today, over 90 percent of mortgages are guaranteed by the U.S. government. That's a potential burden for taxpayers if mortgages fail. Yesterday, a bipartisan Senate bill was introduced to try to unwind the government takeover, as well as Fannie and Freddie. NPR's Yuki Noguchi reports.

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5:42am

Wed June 26, 2013
Environment

Coal Industry Concerned By Obama's Climate Change Plans

Originally published on Wed June 26, 2013 11:13 am

Transcript

RENEE MONTAGNE, HOST:

And before leaving on his trip to Africa, President Obama had some other words on another subject. He announced a wide-ranging plan to address climate change. Rather than taking that plan to Congress and fighting it out, Obama is using his executive powers to implement it without new laws. The president wants the Environmental Protection Agency to restrict carbon-dioxide emissions from power plants. The biggest source of those emissions is coal-fired facilities.

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5:34am

Wed June 26, 2013
Business

Sprint Shareholders Approve SoftBank Merger

Originally published on Wed June 26, 2013 11:13 am

Transcript

DAVID GREENE, HOST:

NPR's business news begins with a new wireless giant.

(SOUNDBITE OF MUSIC)

GREENE: Sprint Nextel, the nation's third largest wireless carrier, is about to be bought out by Japan's SoftBank. The deal was approved by Sprint shareholders yesterday.

And as NPR's Wendy Kaufman reports, this should boost competition.

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5:00am

Wed June 26, 2013
Economy

Real Estate Sizzles Again In Las Vegas

Originally published on Thu June 27, 2013 8:43 am

Las Vegas, the recession's foreclosure capital, is seeing a surge in single-family home prices.
Robyn Beck AFP/Getty Images

High-paying investors have helped Las Vegas' real estate prices to bloom in a place that once ranked as the country's foreclosure capital.

Thanks to these big-money investors as well as a shortage of supply, the median price for a single-family home in Vegas is up 32.8 percent from a year ago, according to the Greater Las Vegas Association of Realtors.

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5:00am

Wed June 26, 2013
U.S.

Some Tech Companies Find Ways Not To Hire Americans

Originally published on Wed June 26, 2013 11:31 am

Tech workers looking for jobs may think twice before looking at job ads that are targeted at Americans but actually are intended for foreigners.
iStockphoto.com

Lawmakers continue to wrangle over a bill that would overhaul the nation's immigration system. One provision in this bill would allow companies to import a lot more skilled workers. The tech industry has lobbied hard for this, despite fears among some American workers about the extra competition.

Illinois Senator Dick Durbin says the bill has American workers covered. "Employers will be given a chance to hire a temporary foreign worker when truly needed. But first, they'll be required to recruit Americans. No exceptions, no excuses," he said.

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5:00am

Wed June 26, 2013
Business

The Last Word In Business

Originally published on Wed June 26, 2013 11:13 am

Transcript

DAVID GREENE, HOST:

And that brings us to today's last word in business - which is: Courtesy Seating.

Jessie Frank was a distraught mom who was going to be late picking up her daughter at camp.

RENEE MONTAGNE, HOST:

She was on stand-by in Washington, D.C. for an over-booked Delta Flight to New York, when a man offered up his seat. Turns out it was Delta CEO Richard Anderson. His kindness helped the mom and earned some good PR for the company.

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4:16pm

Tue June 25, 2013
The Salt

Paula Deen's Sons Speak Up, But Her Empire Further Crumbles

Originally published on Tue June 25, 2013 6:10 pm

Carlo Allegri AP

It's been a downward spiral for Paula Deen since news of her deposition testimony as part of a racial discrimination suit went public last week.

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1:41pm

Tue June 25, 2013
The Two-Way

Cardboard Bike's Fundraiser Is Rolling

The cardboard bicycle.
Baz Ratner Reuters /Landov

A quick update for the many who seemed fascinated by Israeli inventor Izhar Gafni's cardboard bicycle and his bid to bring it to the world:

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11:09am

Tue June 25, 2013
The Two-Way

5-Year High In Consumer Confidence Bodes Well For Economy

Originally published on Tue June 25, 2013 1:30 pm

If consumers are feeling better, they may be more apt to spend — which could mean better job growth down the road.
Jessica Rinaldi Reuters /Landov

The economy "is unlikely to slow in the short-term, and may even moderately pick up," economist Lynn Franco predicted Tuesday as the Conference Board released its latest survey on consumer confidence.

The business research group, where Franco is director of economic indicators, said its index rose to a five-year high of 81.4 in June — up from May's 74.3. The index is based on surveys of Americans.

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