Business

8:57am

Thu October 4, 2012
The Two-Way

Jobless Claims Rose Slightly Last Week

Originally published on Thu October 4, 2012 9:39 am

There were 367,000 first-time claims for unemployment benefits last week, an increase of 4,000 from the previous week, the Employment and Training Administration says.

The bottom line: This doesn't mark any significant change in the jobs market, especially considering the "4-week moving average was 375,000, unchanged from the previous week's revised average." That figure is a better measure of labor market trends.

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4:56am

Thu October 4, 2012
Business

The Last Word In Business

Originally published on Thu October 4, 2012 10:19 am

Transcript

STEVE INSKEEP, HOST:

And today's last word in business concerns another unlikely franchise, "Jersey Shore."

UNIDENTIFIED GROUP: I love "Jersey Shore."

UNIDENTIFIED WOMAN: I love Guido.

(SOUNDBITE OF TV SHOW, "JERSEY SHORE")

PAUL DELVECCHIO: There's no way I'm going to Jersey without my hair jell.

RENEE MONTAGNE, HOST:

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4:56am

Thu October 4, 2012
Business

HP CEO Meg Whitman Asks Wall Street For Patience

Originally published on Thu October 4, 2012 10:19 am

Transcript

STEVE INSKEEP, HOST:

NPR's business news starts with rough times at HP.

(SOUNDBITE OF MUSIC)

INSKEEP: Hewlett Packard was once a giant among the tech firms of Silicon Valley and now it is struggling. The company's latest CEO says profits at HP will continue to plummet.

NPR's Steve Henn reports that HP's stock now trading near its lowest price in a decade.

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3:47am

Thu October 4, 2012
Asia

Faltering Economy Threatens Pakistan's Stability

Originally published on Thu October 4, 2012 10:19 am

A demonstrator reacts after Pakistani policemen fire tear gas during a protest against power cuts in Karachi in June. Pakistan suffers from a massive energy crisis, one of several factors contributing to the country's severe economic troubles.
Rizwan Tabassum AFP/Getty Images

If you want to gain a good insight into Pakistan's economic situation, just look at a few of the country's newspaper headlines on any given day. The language says it all: prices soar, stocks plunge, budget deficit swells, foreign investment evaporates — and the list goes on.

Now, analysts are increasingly worried that the faltering economy could join Pakistan's pervasive insurgency and repeated political upheavals as another serious threat to the country's stability.

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3:42am

Thu October 4, 2012
The Salt

Despite Greek Economy, Athens Cupcake Business Thrives

Originally published on Thu October 4, 2012 10:19 am

Nicole Kotovos arranges cupcakes in the case at her store in Athens.
Jim Zarroli NPR

Nicole Kotovos was searching for a way to start a new life when the idea struck her: She would go to her ancestral homeland of Greece and open an American-style bakery cafe. She would bring the cupcake fad to Athens.

What she didn't figure on was the historic downturn in the Greek economy.

The former New York TV producer arrived in 2008, just as the country's debt-mired economy was falling into a deep recession it still hasn't emerged from.

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5:40pm

Wed October 3, 2012
The Salt

Capturing Summer's Harvest, One DIY Wine Bottle At A Time

Originally published on Wed October 3, 2012 6:40 pm

Customers at a Hartford produce market, choosing grapes to turn into homemade wine.
Jeff Cohen NPR

If buying a local wine just isn't local enough for you, then you might consider joining the growing ranks of people making homemade wine this fall.

Some home winemakers make wine with friends for fun, some make wine with family for tradition; some make it "old school," adding nothing, and drink it by Christmas; others do it "new school," adding preservatives, and wait a year or more to bottle.

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12:03pm

Wed October 3, 2012
The Salt

Freshwater Shrimp: Still Not A Midwestern Cash Crop

Originally published on Wed October 3, 2012 6:07 pm

A patron enjoys the offerings at this year's Ohio Fish and Shrimp Festival.
Maureen Langlois NPR

It's harvest time in the heartland, but not just for apples and squash. In small, back-lot ponds on farms across the Midwest, a different crop has been growing all summer. They're substantial, slightly sweet and a revelation to the land-locked palate, not to mention worth top dollar. Yep, it's shrimp season in Ohio.

But don't ask for any Midwestern shrimp at your local fishmonger. There aren't enough yet to make it to the store.

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7:35am

Wed October 3, 2012
Election 2012

Before The Debate, Brush Up On Buzzwords

Originally published on Wed October 3, 2012 8:56 am

The General Motors headquarters in Detroit. The U.S. government bailout of GM and Chrysler has been a key economic issue in the presidential campaign.
Carlos Osorio AP

In their first debate Wednesday night, the two presidential candidates will explain their plans for fixing the U.S. economy.

Good luck.

The problems are complicated and long-standing, so the solutions may not be easy to spell out in the two minutes allowed for each answer under the debate rules.

But President Obama, the Democratic incumbent, and former Gov. Mitt Romney, his Republican challenger, will try, and about 60 million people are expected to tune in. This first debate will focus on domestic issues, with the economy topping the list of homefront problems.

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5:42am

Wed October 3, 2012
Planet Money

Why New York Is A Hub In The Global Trinket Trade

Originally published on Thu October 4, 2012 11:07 am

Lam Thuy Vo NPR

For more on the junk economy, see this slideshow.

There's a neighborhood in New York City that has always been a mystery to us. Smack dab in the middle of Manhattan, around 29th street, is the wholesale district. There you can find rows of narrow storefronts packed to the ceiling with trinkets. Racks and racks of fake gold chains. Acres of souvenir lighters and walls of belt buckles. Plastic, plastic, plastic toys.

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4:20am

Wed October 3, 2012
Business

Homeowners Facing Foreclosure Get New Protections

Originally published on Wed October 3, 2012 10:14 am

Transcript

RENEE MONTAGNE, HOST:

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