Business

6:12am

Sun September 9, 2012
All Tech Considered

The Tech Buyer's Dilemma: Timing The Plunge

Amazon Kindle vice president Peter Larsen holds the Kindle Fire HD at the introduction of the new tablet in Santa Monica, Calif., on Thursday.
Reed Saxon AP

If you're one of those people who covet the latest, greatest thing (assuming you can afford it), life's been pretty tough for you lately. The announcements of new handheld electronic gadgets — and rumors of those to come (Apple fans are standing by) — have come so rapidly that it's been hard to keep up with them all.

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4:31pm

Fri September 7, 2012
Economy

New Unemployment Report Weaker Than Expected

Originally published on Fri September 7, 2012 6:18 pm

The jobs report released Friday morning came in weaker than expected. Employers added 96,000 jobs to payrolls. The unemployment rate did fall to 8.1 percent, but that was because so many people left the workforce.

2:30pm

Fri September 7, 2012
It's All Politics

Deflating Jobs Report May Not Move The Needle On The Election

Originally published on Fri September 7, 2012 2:52 pm

President Obama spoke at a campaign event at Strawbery Banke Museum in Portsmouth, N.H., on Friday.
Pablo Martinez Monsivais AP

It wasn't what President Obama was hoping for: another disappointing jobs report the morning after he accepted the Democratic nomination and asked Americans to stay the course.

The U.S. economy added just 96,000 jobs last month, according to the Labor Department, and a drop in the unemployment rate to 8.1 percent was mostly due to people giving up on job searches.

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11:58am

Fri September 7, 2012
Economy

What August Job Numbers Mean

The Labor Department reported that the economy added 96,000 jobs in August, far fewer than analysts had predicted. The unemployment rate fell from 8.3 percent to 8.1 percent, an indication that more people moved out of the workforce. Host Michel Martin discusses the latest unemployment numbers with NPR Senior Business Editor Marilyn Geewax.

7:51am

Fri September 7, 2012
The Two-Way

High Unemployment & Slow Job Growth: Likely News From Today's Report

Originally published on Fri September 7, 2012 10:34 am

At a job fair in San Diego this week, Navy Sailor E-5 Cedric Washington spoke to Sim Garriotti from Lockheed Martin while interviewing for a potential position.
Sandy Huffaker Getty Images

The number of jobs on private and public payrolls grew by just 96,000 in August from July, the Bureau of Labor Statistics said this morning.

Meanwhile, the nation's unemployment rate edged down to 8.1 percent from 8.3 percent the month before. Often, the jobless rate dips even when employment growth is weak because the size of the labor force shrank as many Americans gave up looking for work.

It's a report that will surely add to the presidential campaign rhetoric.

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4:51am

Fri September 7, 2012
Business

Amazon Rolls Out Its New Kindle E-Readers

Originally published on Fri September 7, 2012 10:15 am

Transcript

STEVE INSKEEP, HOST:

A new line of tablet readers is at the top of NPR's business news.

(SOUNDBITE OF MUSIC)

INSKEEP: They come from Amazon, which is rolling out its latest Kindle e-readers. They are faster, we're told, as well as cheaper. And as NPR's Steve Henn reports, they're aimed squarely at the youngest members of the family.

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4:39am

Fri September 7, 2012
Business

The Last Word In Business

Originally published on Fri September 7, 2012 10:15 am

Transcript

STEVE INSKEEP, HOST:

And today's last word in business comes from China, and the word is: Wahaha. That's the name of China's third-largest beverage company. It sells soda, juice and other bottled drinks.

RENEE MONTAGNE, HOST:

The name means laughing children. It turned out the man who runs it is the one with the most to laugh about.

INSKEEP: Zong Qing Hou is now the richest man in China, according to Bloomberg billionaire's index, which calculated his net worth to be $21.6 billion.

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4:39am

Fri September 7, 2012
Business

Business News

Originally published on Fri September 7, 2012 10:15 am

Transcript

RENEE MONTAGNE, HOST:

NPR's business news begins with strike two.

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3:23am

Fri September 7, 2012
Planet Money

This Man Makes Beautiful Suits, But He Can't Afford To Buy One

Originally published on Fri September 7, 2012 10:15 am

See photos of Peter Frew and other tailors in this slide show from The New York Times Magazine.
Marvin Orellana The New York Times

Peter Frew is one of a tiny number of people left in the United States who can — entirely on his own, using almost no machinery — make a classic bespoke suit. He can measure you, draw a pattern, cut the fabric and then hand-stitch a suit designed to fit your body perfectly.

Frew spent more than a decade as an apprentice for a remarkable tailor in his native Jamaica. He now sells his suits for about $4,000. Since New York is filled with very rich people who see their suits as an essential uniform, Frew has all the orders he can handle.

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3:22am

Fri September 7, 2012
The Salt

Panera Sandwich Chain Explores 'Pay What You Want' Concept

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

This Panera Cares store in Chicago switched from for-profit to nonprofit this summer, and it started asking customers to pay whatever they want.
Niala Boodhoo for NPR

The concept of "pay what you want" for goods and services is a nostalgic throwback to the days when people trusted one another just a little bit more, and it's something you expect to see at the occasional farm stand or at a hip, independent coffee shop.

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