Originally published on Tue September 11, 2012 12:03 pm
The new iPhone is expected to be unveiled this week, and customers can probably get a discount if they sign up for a lengthy service agreement. But New York University Law Professor Oren Bar-Gill tells host Michel Martin that consumers should think twice before signing the dotted line for things like phones, credit cards or mortgages.
The economy added only about 100,000 private sector jobs last month - far fewer than had been expected.
And as NPR's Wendy Kaufman reports, a close reading of the numbers reveals that many of those jobs are low wage.
WENDY KAUFMAN, BYLINE: Some of the nation's job growth has been in places like this - a suburban mall near Seattle. While many shoppers aren't spending like they did before the economic crash, they are buying more than they did a couple of years ago.
Our last word in business today is: soda diplomacy. The long isolated Southeast Asian nation of Myanmar, also known as Burma, is now undergoing dramatic political reform and opening up to the outside world. The U.S. recently lifted sanctions and sent an ambassador there. And what comes next? Coca-Cola.
The Atlanta Symphony Orchestra and its musicians are at an impasse. The players' contract expired at the end of last month. The symphony is facing a $20 million budget deficit, and it's seeking millions in concessions from the musicians. Both sides say they want to reach an agreement, but they've left the bargaining table, putting the orchestra's 68th season in jeopardy.
Egyptians have been struggling economically since the revolution last year that ousted President Hosni Mubarak. The Egyptian pound has remained relatively stable, though, because the central bank shored it up through foreign reserves, which prevented food prices from skyrocketing.
But despite increasing political stability, concerns about the currency remain.
The market has been volatile since Mubarak was ousted, swinging up and down with Egypt's political unrest.
Now it's time to open up the pages of the Washington Post magazine. That's something we do just about every week for interesting stories about the way we live now. And today a story about the business of music.
Remember the dark days of 2008 when insurer American International Group Inc., better known as AIG, nearly collapsed under the weight of the mortgage crisis before Washington rode to the rescue to the tune of $182 billion?
Then there was the public outrage when AIG executives got millions in bonuses after receiving the largest of all of the Wall Street bailouts.
Since then, the New York-based insurance giant has been essentially a government-owned enterprise, with Uncle Sam holding a controlling share.
And today's last word in business is: Tender Shoots.
That's one of the hot colors for Spring 2013, according to a statement from Pantone, the New Jersey color company that works with designers to decide the dominant hues for the fashion industry each season. And since it's fashion week in New York, we're paying attention to this.
Tender Shoots tops a list for women. Pantone describes it as vibrant yellow-green - invigorating, active and cheerful.