Business

12:31pm

Tue April 9, 2013
Intelligence Squared U.S.

Should We Abolish The Minimum Wage?

Jared Bernstein and Karen Kornbluh, who argued for keeping the minimum wage, celebrate their win in an Intelligence Squared U.S. debate.
Adelaide Mandeville Intelligence Squared U.S.
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In the 75 years since it was introduced, Americans have been arguing over the minimum wage.

Some say government intervention to artificially raise wages lowers demand for workers and interferes with economic freedom — preventing people who would be willing to work for less from getting jobs at all. They argue that the minimum wage especially hurts teenagers and young adults with few or no skills.

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12:26pm

Tue April 9, 2013
Politics

Social Security Will 'Lose Credibility' If We Do Nothing

Transcript

MICHEL MARTIN, HOST:

I'm Michel Martin and this is TELL ME MORE from NPR News. Coming up, the Louisville Cardinals capped off a dramatic journey through March Madness to take the NCAA men's crown last night. We'll look back on the men's college basketball tournament. We'll look ahead to the women's final. That conversation is just ahead.

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12:14pm

Tue April 9, 2013
The Two-Way

New Data Show Ford Doing Well In Overseas Markets

Originally published on Tue April 9, 2013 1:27 pm

A Ford Focus ST was on display at the 2013 North American International Auto Show in Detroit in January.
Stan Honda AFP/Getty Images

Which Japanese-manufactured car is the world's most popular vehicle? Maybe none of them. It might just be the Ford Focus.

More than a million Focus models were sold worldwide last year, with Toyota's Corolla coming in second. Next was Ford's top-selling F-Series pickup, sold almost exclusively in the U.S. and Canada, according to the marketing firm R.L. Polk.

Still, there's one caveat. As The Wall Street Journal points out:

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5:06am

Tue April 9, 2013
Business

J.C. Penney CEO Johnson Is Forced Out

Originally published on Tue April 9, 2013 9:14 am

Transcript

DAVID GREENE, HOST:

NPR's business news starts with J.C. Penney's revolving door.

(SOUNDBITE OF MUSIC)

GREENE: J.C. Penney has ousted its high-profile CEO, Ron Johnson. The retailer recruited Johnson from Apple, to revitalize the company. But since his arrival less than 18 months ago, things at J.C. Penney have only gotten worse.

Here's NPR's Wendy Kaufman.

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4:34am

Tue April 9, 2013
Business

Mexico's Magnificent Mangoes

Originally published on Tue April 9, 2013 9:14 am

Transcript

DAVID GREENE, HOST:

All right. If you happen to be listening to this program while having a mango for breakfast, there is a good chance that mango is grown in Mexico. Our neighbor to the south says it is now the world's largest exporter of fresh mangos.

India still reigns king in exports of mango products, but as NPR's Carrie Kahn reports, Mexican mangos are now grown at an astonishing rate and the American market is the main target.

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4:34am

Tue April 9, 2013
Economy

Margaret Thatcher's Economy

Originally published on Tue April 9, 2013 9:14 am

Transcript

DAVID GREENE, HOST:

This is MORNING EDITION, from NPR News. Good morning. Steve Inskeep is in Venezuela, reporting this week on that country's presidential election, and he'll be on the program tomorrow. I'm David Greene.

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4:34am

Tue April 9, 2013
Business

The Last Word In Business

Originally published on Tue April 9, 2013 9:14 am

Transcript

DAVID GREENE, HOST:

And our last word in business today is: Money may not buy you everything.

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4:34am

Tue April 9, 2013
Business

BP Trial Update

Originally published on Tue April 9, 2013 9:14 am

Transcript

DAVID GREENE, HOST:

In a courtroom in New Orleans, the oil giant BP has begun presenting its defense in a case connected to the 2010 Gulf of Mexico oil spill. Plaintiffs include individuals and businesses hurt by the spill, as well as and state and federal governments. And they've argued BP was grossly negligent in drilling the deep water well.

But now it's BP's turn. The company argues that contractors who helped it drill should share the blame for the accident, which killed 11 workers and spilled more than four million barrels of oil.

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4:34am

Tue April 9, 2013
Business

Administration Urges Europeans To Ease Austerity Measures

Originally published on Tue April 9, 2013 9:14 am

Transcript

DAVID GREENE, HOST:

This is MORNING EDITION from NPR News. Good morning. I'm David Greene. President Obama is preparing to send budget plan to Capital Hill this week and Treasury Secretary Jack Lew will be key in selling that plan to Congress.

Right now, Secretary Lew is on another mission: to sell European leaders on the idea of easing austerity to boost economic growth. We reached Secretary Lew in Berlin. Mr. Secretary, welcome back to the program.

SECRETARY JACK LEW: Good to talk to you, David.

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2:56am

Tue April 9, 2013
Research News

To Find Insider Trading, Follow The Kids' Money

Originally published on Tue April 9, 2013 9:14 am

iStockphoto.com

In New York and Washington, government regulators are cracking down on insider trading, the illegal practice in which people with internal information about important company events make stock market trades before ordinary investors find out what's happening.

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