Business

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.

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3:33pm

Wed September 5, 2012
Economy

Journalist Evaluates Obama, Romney Economic Plans

Originally published on Wed September 5, 2012 5:39 pm

David Leonhardt, the Washington bureau chief of The New York Times, won a Pulitzer Prize last year for his columns about the economy.
Earl Wilson The New York Times

On Monday, Republican vice presidential candidate Paul Ryan told a campaign rally audience in North Carolina that "the president can say a lot of things, but he can't tell you you are better off." Later that day in Detroit, Vice President Joe Biden responded "America is better off today than they left us."

New York Times Washington bureau chief David Leonhardt argues that both Ryan and Biden are right: It's partly semantics.

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11:55am

Wed September 5, 2012
Shots - Health Blog

Insurer's Files Show Big Cost Differences For Same Illnesses

Yes, we've seen this before: a study showing large spending disparities to treat similar ailments and little if any link between expenditure and effectiveness.

What's different about a new analysis is the patients.

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4:46am

Wed September 5, 2012
Business

The Last Word In Business

Originally published on Wed September 5, 2012 9:15 am

One of those vegetarian-only outlets will be in the city of Amritsar, home to the Golden Temple, the holiest site for India's Sikh religion. The other will be near a Hindu mountain shrine.

4:46am

Wed September 5, 2012
Business

GM, Ford And Chrysler Post Double-Digit Increases

Originally published on Wed September 5, 2012 5:23 am

Pickup trucks sold briskly last month which is good for the bottom line of Detroit's Big Three. One analyst says "the success of the truck segment is usually seen as the harbinger of the overall economy recovery."

3:23am

Wed September 5, 2012
All Tech Considered

Web-Based Subscription Businesses Surf A New Wave

Originally published on Wed September 5, 2012 7:43 pm

Customers of Dollar Shave Club say that the company's sense of humor — as seen in an absurdist video of CEO Michael Dubin in his warehouse — has helped win them over.
YouTube

The newspaper boy and the milkman might not come around as often as they used to, but the days of subscription and delivery aren't over. The Internet and overnight delivery have combined to make a new type of subscription business possible. The sales pitch is part convenience, part price and part cool factor.

Making Razors Cheap, And Cool

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3:21am

Wed September 5, 2012
Business

'Quite Good' May Not Be Good Enough For GM

Originally published on Wed September 5, 2012 4:54 pm

The General Motors logo is displayed atop the Renaissance Center in Detroit. The automaker, while doing much better following the government bailout, is still lagging some of its competitors.
Carlos Osorio AP

When you talk to car people about General Motors, they all say the company has gotten better.

"I think General Motors, productwise, is in a better position than it's been in a decade or so," says Jack Nerad of Kelley Blue Book. "The new products, we feel ... are all quite good."

Like many people, however, Nerad adds an important caveat. He says GM's improvement doesn't mean the company is completely out of the woods, because the competition is very good as well.

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2:47am

Wed September 5, 2012
It's All Politics

Payroll Tax Holiday May Not Survive Year's End

Originally published on Wed September 5, 2012 4:46 am

The Social Security tax rate is scheduled to revert to 6.2 percent next year, up from the temporary reduction — to 4.2 percent on an employee's first $110,000 in wages — which has been in effect since January 2011.
iStockphoto.com

An occasional series, Fiscal Cliff Notes breaks down the looming "fiscal cliff" of expiring tax cuts and deep automatic spending cuts set to hit around the first of year.

If you work, you've probably been getting this tax break: Since January 2011, the government has knocked 2 percentage points off the payroll tax.

For someone making $50,000 a year, the payroll tax holiday works out to about $20 a week.

"We definitely notice it," says Steve Warner of Winter Haven, Fla., while on vacation with his family recently in the nation's capital.

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2:07pm

Tue September 4, 2012
The Salt

McDonald's Goes Vegetarian — In India

Originally published on Wed September 19, 2012 4:13 pm

Even this Maharaja Mac, made specifically for the Indian market, will be off the menu at the new vegetarian McDonald's in India.
kawanet Flickr.com

McDonald's, home of the iconic Big Mac, is going vegetarian. Well, at least in India, where 20 to 42 percent or more of the population (depending on how you count) eschews meat, according to the Food and Agriculture Organization.

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12:38pm

Tue September 4, 2012
Business

Automakers Report Strong August Sales

Transcript

DAVID GREENE, HOST:

NPR's business news starts with auto sales on a fast track.

(SOUNDBITE OF MUSIC)

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