Business

11:52am

Mon November 5, 2012
NPR Story

Is A Law Degree Still Worth It?

Originally published on Mon November 5, 2012 2:03 pm

A law degree used to pretty much guarantee a stable job. But journalist Elizabeth Lesly Stevens reports that thousands of law students are going into an industry that no longer has room for them. Stevens discusses her article with host Michel Martin, and they hear from NPR Facebook fans about whether a law degree is still worth it.

4:49am

Mon November 5, 2012
Business

Austerity Measures, Euro Troubles Hit Britain's Economy

Originally published on Mon November 5, 2012 10:07 am

Transcript

RENEE MONTAGNE, HOST:

The U.S. economy has been slowly recovering, but economists warn it could plunge back into recession if Congress does not take action to avoid what's become known as the fiscal cliff.

STEVE INSKEEP, HOST:

That is the name that some clever communications specialist gave to the combination of expiring tax cuts - in other words, tax increases - and broad, mandatory spending cuts aimed at reducing the deficit. The two are set to go into effect at the end of the year.

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4:49am

Mon November 5, 2012
Business

The Last Word In Business

Originally published on Mon November 5, 2012 10:07 am

Transcript

STEVE INSKEEP, HOST:

And today's last word in business is: Hurricane Ralph.

The movie "Wreck-It Ralph," opened to the largest weekend ever for an animated Disney film, bringing in almost $50 million.

RENEE MONTAGNE, HOST:

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4:49am

Mon November 5, 2012
Business

Post Election: Traditional TV Ads To Return To Airwaves

Originally published on Mon November 5, 2012 10:07 am

Transcript

STEVE INSKEEP, HOST:

NPR business news begins with television the day after tomorrow.

All those political ads on TV and radio, billions of dollars worth, are about to come to an end. Which, if you're a TV station, raises the question of what will take their place?

NPR's Wendy Kaufman reports.

WENDY KAUFMAN, BYLINE: This year, Political spending will reach an all-time high. The Center for Responsive Politics puts the figure at about six billion dollars. More than half of that has gone into TV ads for president and everything else.

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4:49am

Mon November 5, 2012
Business

2 Bakers Struggle To Get Out From Superstorm Sandy

Originally published on Tue November 6, 2012 10:41 am

Transcript

STEVE INSKEEP, HOST:

Estimates of the economic cost of the storm damage caused by Hurricane Sandy along the East Coast, are as high as $50 billion. A lot of that is physical damage. Just under half of those losses, though, are from things people didn't, or couldn't, do during the storm; like eat in restaurants, go to the theater, or just work. Reporter Tracey Samuelson brings us this look at the blows Sandy has dealt a pair of small-business owners in New York City.

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6:35am

Sun November 4, 2012
Business

Open For Business In Atlantic City, Despite Storm

Originally published on Sun November 4, 2012 12:08 pm

Transcript

RACHEL MARTIN, HOST:

In August last year, as Hurricane Irene threatened the East Coast, New Jersey's governor issued an evacuation order for Atlantic City. And WEEKEND EDITION was introduced to one restaurant owner who wasn't having any of it.

JOHN EXADAKTILOS: Choppy seas, little wind, little hazy. This is a bull (bleep) storm. Nothing's going to happen.

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12:15am

Sun November 4, 2012
Superstorm Sandy: Before, During And Beyond

Insurance Companies Rethink Business After Sandy

Originally published on Sun November 4, 2012 4:56 pm

This aerial photo shows destruction in the wake of Superstorm Sandy on Wednesday in Seaside Heights, N.J.
Mike Groll AP

Superstorm Sandy capped what's been a pretty impressive couple of years for U.S. natural disasters. There have been wildfires, tornadoes, floods and derechos. And insurance companies are on the hook to pay billions in related claims.

"We're seeing more of everything, and what we're doing is trying to factor that in going forward as we work with others to have a better sense of what the future holds," says State Farm spokesman David Beigie.

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5:15am

Sat November 3, 2012
Economy

Divergent Labor Markets: Private Gains, Public Losses

Originally published on Sat November 3, 2012 1:00 pm

Job applicants meet potential employers at the NYC Startup Job Fair in September. Last month, the private sector created jobs while the public sector resumed laying off workers.
John Moore Getty Images

The last unemployment report before the election came out Friday, and the news was middling: Unemployment ticked up to 7.9 percent.

The private sector created more than 180,000 new jobs, but state and local governments resumed laying workers off. That discrepancy is part of a longer-term trend.

For a few years now, private sector employment has been growing, but since mid-2010, state and local governments have eliminated roughly half a million jobs.

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4:48pm

Fri November 2, 2012
Your Money

Storm Leaves Many Facing Tricky Insurance Process

Originally published on Fri November 2, 2012 5:34 pm

A tree service worker prepares to remove a giant oak tree limb that fell onto the roof of Charles Edamala's home in Elkins Park, Pa., during Superstorm Sandy.
Emma Jacobs for NPR

Mario Veas spent Monday night hunkered down with his family. But he has been running ever since.

Veas runs a tree service in Willow Grove, Pa. He says his phone has been ringing nonstop because people want trees felled by the storm chopped up and cleared.

"Everybody [is] calling and they want [the job] to be done this morning," Veas says.

Earlier this week, Veas was clearing an enormous tree branch from Preethy Edamala's patio in nearby Elkins Park.

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3:40pm

Fri November 2, 2012
Economy

Sandy, Election Could Skew Future Jobs Reports

Originally published on Fri November 2, 2012 7:20 pm

Workers clean up debris left by Superstorm Sandy in Long Beach Island, N.J., on Wednesday. The storm may lead to layoffs as business losses mount, but also could result in hiring related to rebuilding.
Mark Wilson Getty Images

Each month, the Labor Department issues an employment report. On Friday, that report showed job creation rose in October — and it revealed something more.

With its latest unemployment assessment, the government in effect took a BEFORE snapshot of the U.S. economy. It collected all of the data before Superstorm Sandy slammed into the East Coast and before the election outcome could be known. Each of those two events has the potential to change the AFTER outlook.

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