Business

4:47pm

Thu May 23, 2013
The Salt

This 9-Year-Old Girl Told McDonald's CEO: Stop Tricking Kids

Originally published on Tue May 28, 2013 11:28 am

Hannah Robertson, 9, and her mom, blogger Kia Robertson — with the makings for kale chips, of course.
Jamie Robertson Courtesy Jamie Robertson

It's not every day that a 9-year-old girl chastises the CEO of one of the world's biggest fast-food chains.

Yet that's exactly what young Hannah Robertson did Thursday morning at McDonald's annual shareholders meeting in Chicago. When the meeting opened up to questions, Hannah was first up at the mic with a pointed criticism.

"It would be nice if you stopped trying to trick kids into wanting to eat your food all the time," she told McDonald's CEO Don Thompson.

Ouch.

Read more

11:32am

Thu May 23, 2013
Education

Being Blind To Financial Need: Is It Worth It?

Millions of students rely on loans and grants for their studies. But with universities strapped for cash, fewer schools are able to admit students regardless of their financial need. Host Michel Martin asks the President of Iowa's Grinnell College, Dr. Raynard Kington, why his school considered putting a halt to need-blind admissions.

11:15am

Thu May 23, 2013
The Two-Way

Production Of New Vehicles Predicted To Hit 2002 Levels

Originally published on Thu May 23, 2013 3:08 pm

Strong new-vehicle retail sales figures have led analysts to predict North American production will reach 16 million units in 2013 — a mark not hit since 2002. Part of the rise is due to strong demand for pickup trucks.
Justin Sullivan Getty Images

Strong new-vehicle sales figures are causing industry analysts to revise their forecasts for North American production levels in 2013, with J.D. Power & Associates and LMC Automotive predicting 16 million units will be produced — a mark not hit since 2002.

More than 1,157,000 new vehicles are projected to be sold in May, the third month in a row to top the 1 million level. The growth is being helped by strong demand for full-sized pickups, which represent more than 11 percent of retail sales, according to a news release from J.D. Power.

Read more

10:20am

Thu May 23, 2013
The Two-Way

Jobless Claims Drop, But Stay In Recent Range

There were 340,000 first-time claims for unemployment insurance last week, down 23,000 from the week before, the Employment and Training Administration reports.

Read more

4:48am

Thu May 23, 2013
Business

When Will Fed Officials Ease Off The Accelerator?

Originally published on Fri May 24, 2013 12:54 pm

Transcript

DAVID GREENE, HOST:

NPR's business news starts with some of the shine off the stock market.

(SOUNDBITE OF MUSIC)

Read more

4:46am

Thu May 23, 2013
Business

Goldman Sachs Is Doing Well. So Is Its CEO, Lloyd Blankfein

Originally published on Fri May 24, 2013 12:54 pm

Transcript

RENEE MONTAGNE, HOST:

The big bank Goldman Sachs holds its annual shareholder meeting today. These meetings are a chance for shareholders to hear from the CEO and vote on key issues, like CEO's pay. Five years ago, during the financial crisis, Goldman's CEO was a poster boy for overpaid executives. To find out how much Lloyd Blankfein is making now, we reached Neil Weinberg. He's editor-in-chief of American Banker.

Thanks for joining us.

NEIL WEINBERG: My pleasure.

MONTAGNE: So how much did Mr. Blankfein make?

Read more

4:38am

Thu May 23, 2013
Politics

IRS Official's Silence Riles House Committee Members

Originally published on Fri May 24, 2013 12:54 pm

Transcript

RENEE MONTAGNE, HOST:

The IRS has admitted to targeting conservative groups seeking tax exempt status. And yesterday at a House hearing the IRS director of exempt organizations said, quote: "I have not done anything wrong." She then declined to testify. Lois Lerner's brief appearance at the committee was just the beginning of a stormy, five-hour session filled with angry outbursts and allegations of political motives.

NPR's Peter Overby reports.

PETER OVERBY, BYLINE: Lois Lerner did read a statement that she had done her job properly.

Read more

4:38am

Thu May 23, 2013
Education

College Students Eye Calendar, Wait To See If Loan Rates Double

Originally published on Fri May 24, 2013 12:54 pm

Transcript

DAVID GREENE, HOST:

Read more

4:38am

Thu May 23, 2013
Business

Business News

Originally published on Fri May 24, 2013 12:54 pm

Transcript

DAVID GREENE, HOST:

NPR's business news begins with a big payback to the Fed.

(SOUNDBITE OF MUSIC)

GREENE: Three years ago President Obama's green energy loan program gave a $455 million federal loan to electric carmaker Tesla. Critics bashed the loan as risky. Yesterday, Tesla announced it had paid that loan back in full - and early. The company was one of five carmakers to get money into the program. Tesla was first to repay it. Transcript provided by NPR, Copyright NPR.

4:38am

Thu May 23, 2013
Business

The Last Word In Business

Originally published on Fri May 24, 2013 12:54 pm

Transcript

RENEE MONTAGNE, HOST:

And our last word in business today is causing a bit of a stink in Venezuela, that would be a toilet paper shortage.

DAVID GREENE, HOST:

Venezuela is rich in oil, but relies on imports for many basic goods - including toothpaste, soap and yes, toilet paper. For weeks now, the country has had chronic toilet paper shortage.

MONTAGNE: Lawmakers voted to approve a $79 million credit to the government to resolve the issue. They aim to initially import some 39 million rolls.

Read more

Pages