Business

10:17am

Thu September 6, 2012
Europe

European Central Bank Announces Euro Plan

Originally published on Thu September 6, 2012 12:02 pm

Transcript

RENEE MONTAGNE, HOST:

OK, over in Europe there's been a lot debate on what to do about the troubled currency. And today the European Central Bank announced a new plan to bolster the euro at a meeting in Frankfurt. Bank president Mario Draghi is under immense pressure to prevent the collapse of Europe's monetary union. The bank did not lower interest rates, as some investors hoped, but did unveil steps to ease the eurozone's debt crisis. NPR's Jim Zarroli is in Germany, following the events, and he joins us now. Good morning.

Read more

9:45am

Thu September 6, 2012
The Salt

Extreme Weather Means Extreme Food Prices Worldwide, Aid Agency Warns

Originally published on Wed September 19, 2012 4:11 pm

Somali girls line up to receive a hot meal in Mogadishu last year after the worst drought in the Horn of Africa in decades, compounded by war, put millions in danger of starvation.
Roberto Schmmidt AFP/Getty Images

Reducing greenhouse gases and saving the polar bears tend to dominate discussions on climate change. But to the booming world population, one climate change issue may be even more pressing – hunger.

A new report by a leading international relief agency warns that climate change will increase the risk of large spikes in global food prices in the future, and lead to more hungry people in the world. That's because extreme weather like droughts, floods and heat waves are predicted to become much more frequent as the planet heats up.

Read more

8:53am

Thu September 6, 2012
Around the Nation

L.A.'s Ban On Marijuana Dispensaries Halted For Now

Originally published on Thu September 6, 2012 5:01 pm

Medical cannabis patient Michael Oliveri smokes marijuana during a news conference in Universal City, Calif., last week. Medical marijuana advocates say they have enough signatures to place a referendum before voters that would overturn a ban on pot clinics in Los Angeles.
Nick Ut AP

Thursday was supposed to mark the end of medical marijuana dispensaries in Los Angeles, after the city council approved a ban on them this summer. But patients and advocates have managed to halt the ban, and some dispensary operators are suing the city.

For years, Los Angeles has been a mecca for medical marijuana dispensaries. Anyone with a doctor's recommendation could stop in at chic storefronts offering cannabis-laced desserts or at the more underground clinics, labeled only with a green cross. Hundreds, maybe 1,000 of these pot shops popped up around L.A.

Read more

8:34am

Thu September 6, 2012
The Two-Way

Employers Added 201,000 Jobs Last Month, Report Signals

The scene at a job fair in Harlem earlier this summer.
Andrew Burton Getty Images

Three bits of good news about jobs were just released.

"Private-sector employment increased by 201,000 from July to August on a seasonally adjusted basis," according to the latest ADP National Employment Report.

And ADP revised up its estimate of the job growth in July — to 173,000 from the 163,000 it previously reported.

Read more

8:05am

Thu September 6, 2012
The Two-Way

European Central Bank Leaves Interest Rates Unchanged

Originally published on Thu September 6, 2012 9:20 am

"The European Central Bank refrained from cutting interest rates today as President Mario Draghi prepares to unveil a bond-purchase plan to save the euro," Bloomberg News writes. It adds that:

Read more

5:24am

Thu September 6, 2012
Business

The Last Word In Business

Originally published on Thu September 6, 2012 10:17 am

Transcript

STEVE INSKEEP, HOST:

And today's last word in business is seeing red.

The designer Christian Louboutin is famous in certain circles for his super high heeled shoes. They can cost more than $4,000 and it's the red lacquer soles that Louboutin is really known for.

RENEE MONTAGNE, HOST:

Read more

5:24am

Thu September 6, 2012
Business

Business News

Originally published on Thu September 6, 2012 10:17 am

Transcript

STEVE INSKEEP, HOST:

A report on Christmas cargo is at the top of NPR's business news.

(SOUNDBITE OF MUSIC)

INSKEEP: If you want an early indication of how robust this year's holiday shopping season may be, take a look at the Pacific and Indian Oceans.

Read more

5:24am

Thu September 6, 2012
Economy

European Central Bank To Meet On Interest Rates

Originally published on Thu September 6, 2012 10:17 am

Transcript

RENEE MONTAGNE, HOST:

When the European Central Bank holds its monthly meeting today, investors around the world will be watching nervously to see what the bank's head, Mario Draghi, says about interest rates. Draghi was recently quoted as saying he would do whatever it takes to keep Europe's debt crisis from growing out of control, and that could go beyond just cutting borrowing rates.

As NPR's Jim Zarroli reports, any European Central Bank plan to use its resources to prop up Europe's weaker economies will face strong opposition from the Germans.

Read more

5:24am

Thu September 6, 2012
Business

Gaggle Of New Gadgets Wow Tech Lovers

Originally published on Thu September 6, 2012 10:17 am

Transcript

RENEE MONTAGNE, HOST:

And in the tech world, dueling press conferences and competing corporate unveilings, this week and next, are putting the focus on new and improved gadgets.

NPR's Steve Henn joined us this morning from Silicon Valley to tell us about what's on the high tech horizon.

Good morning.

STEVE HENN, BYLINE: Good morning.

MONTAGNE: So there are a host of companies rolling out shiny new toys this week. What's catching your eye?

Read more

5:56pm

Wed September 5, 2012
Crisis In The Housing Market

Democratic Convention Draws Troubled Homeowners

Originally published on Wed September 5, 2012 7:03 pm

David Sole rode a bus from Detroit to the Democratic National Convention in Charlotte, N.C., to protest how the Obama administration and the nation's banks have handled the foreclosure crisis.
Yuki Noguchi NPR

Charlotte, N.C., host of the 2012 Democratic National Convention, is the nation's biggest financial center outside of New York. But Charlotte and surrounding Mecklenburg County have the highest foreclosure rates in the state, and many thousands of homeowners owe more on their homes than the properties are worth.

As thousands of Democrats converge in Charlotte for the convention, some troubled homeowners have also gathered, lamenting that the foreclosure crisis has not been sufficiently front and center in the presidential campaign.

Read more

Pages