Business

9:00am

Thu June 20, 2013
Code Switch

For Black Americans, An Even Split In Financial Perceptions

Originally published on Thu June 20, 2013 11:07 am

If our survey is any indication, this cash-rich stock photo model probably feels pretty good about life.
Willie B.Thomas iStockphoto.com

NPR, the Robert Wood Johnson Foundation and the Harvard School of Public Health recently polled 1,081 African-Americans about their lives. One of the areas respondents were asked about was their perceptions of their financial status.

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8:59am

Thu June 20, 2013
The Two-Way

Obama Working On Plan That Limits Power Plant Emissions

Originally published on Thu June 20, 2013 11:29 am

The smoke stacks at American Electric Power's Mountaineer coal power plant in New Haven, W.Va.
Saul Loeb AFP/Getty Images

President Obama will soon unveil a plan that will put limits on the carbon emissions of existing power plants, the administration's top energy adviser says.

The New York Times reports this is the most consequential part of a bigger plan to curb climate change. The newspaper adds:

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7:38am

Thu June 20, 2013
All Tech Considered

Will Video Ruin Instagram's Appeal?

Originally published on Thu June 20, 2013 2:31 pm

Instagram, the popular photo-sharing service, has announced a new video feature.
Ramsey Mohsen via Flickr/Creative Commons

UPDATE on Thursday at 1:44 p.m. ET: Instagram For Video Arrives

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4:34am

Thu June 20, 2013
Business

Business News

Originally published on Thu June 20, 2013 7:07 am

Transcript

RENEE MONTAGNE, HOST:

NPR's business news starts with mixed signals.

(SOUNDBITE OF MUSIC)

MONTAGNE: Output in the eurozone's service and manufacturing sectors is still falling. But this quarter, that output fell at its slowest rate in more than a year, according to a recent survey. Analysts say that could mean a return to growth could be on the horizon.

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4:34am

Thu June 20, 2013
Business

The Last Word In Business

Originally published on Thu June 20, 2013 7:07 am

Transcript

STEVE INSKEEP, HOST:

It may cost you more and more to fuel it, but this is still your chance to buy a vintage boat. Today's last word in business is your own personal D- Day.

The U.S. Navy is auctioning off two vintage landing craft. They are available on GovLiquidation.com - which is a real website, we checked.

RENEE MONTAGNE, HOST:

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4:34am

Thu June 20, 2013
Business

Founder Of Men's Wearhouse Fired By Company's Board

Originally published on Thu June 20, 2013 7:07 am

Transcript

STEVE INSKEEP, HOST:

And let's report on some changes in the American clothing world. George Zimmer, of Men's Wearhouse, might still like the way he looks, but we can guarantee he doesn't like this. The famous face - and gravelly voice - and founder of the company, is out. The company gave no reason for the abrupt firing. But Zimmer is speaking out, as NPR's David Schaper reports.

DAVID SCHAPER, BYLINE: His graying beard is instantly familiar. And he speaks with that signature deep, gravelly voice when delivering this famous tagline:

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4:34am

Thu June 20, 2013
Economy

Fed Warns Stimulus Package Will Be Ratcheted Down

Originally published on Thu June 20, 2013 7:07 am

Transcript

STEVE INSKEEP, HOST:

Those Chinese figures helped Asian markets to take a big tumble today, as did yesterday's comments by Federal Reserve Chairman Ben Bernanke. He said the Fed will likely begin slowing down its economic stimulus later this year. The Fed's massive bond buying program - which is a major part of that stimulus - is seen as a big reason behind recent rallies in the financial market.

NPR's John Ydstie has more.

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3:03am

Thu June 20, 2013
Planet Money

A Surprising Barrier To Clean Water: Human Nature

Originally published on Mon June 24, 2013 10:38 am

Rodan Gatia gets water from a spring. A chlorine dispenser is behind her.
Jacob Goldstein NPR

In many parts of the developing world, drinking a glass of water can be deadly — especially for young children, who can die of diarrheal diseases contracted from dirty water.

So getting clean water to people in the developing world has been a top priority for aid groups for a long time. But it's been a surprisingly hard problem to solve.

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3:02am

Thu June 20, 2013
Business

If Supplies Of Oil Are Up, Why Is Gas Still Pricey?

Originally published on Thu June 20, 2013 8:00 pm

Jim White of Pennsylvania pumps gas at a BP station in Ocala, Fla., in April. The price of gasoline remains stubbornly high, which may put a crimp on summer travel plans.
Doug Engle Ocala Star-Banner / Landov

Supplies of oil have been surging this year, and U.S. drivers, who have been switching to more fuel-efficient cars, are using less gasoline.

That would seem to be the right economic combination to push down prices at the pump, but gasoline prices have remained stubbornly high this summer.

Even some people in the industry are wondering whether the law of supply and demand somehow has been repealed.

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2:58am

Thu June 20, 2013
Parallels

Can This Dominican Factory Pay Good Wages And Make A Profit?

Originally published on Mon June 24, 2013 10:37 am

Aracelis Upia Montero works at the Alta Gracia garment factory in the Dominican Republic. She says she was desperately poor before she began working at the factory, which pays much higher than usual wages. "I'm now eligible for loans and credits from the bank because I earn a good salary," she says.
Jackie Northam NPR

Aracelis Upia Montero bounds through the front door of her wood and cinderblock house, calling out for her children. The bubbly 41-year-old Montero — whom everyone calls Kuki — proudly shows guests around her cramped single-story home in Villa Altagracia in the Dominican Republic.

Montero points out her new living room furniture. In the past couple years, she has added two bedrooms and now has indoor plumbing. She has also built a little apartment at the end of her dirt driveway that she rents out.

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