Economy & Business

Economy
11:00 am
Tue January 21, 2014

Falling Unemployment Rate: Are We Delusional About The Economy?

Originally published on Tue January 21, 2014 11:52 am

Transcript

CELESTE HEADLEE, HOST:

I'm Celeste Headlee, and this is TELL ME MORE from NPR News. Michel Martin is away. Coming up, much of the news out of Detroit has been bad lately, but one guy says it's a great place to live. We'll hear why he decided to help the Motor City comeback by purchasing a $500 wreck of a house. That's just ahead.

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Economy
10:13 am
Tue January 21, 2014

Workers May Be Missing, Or Maybe Just Retiring

Is the economy strengthening, or is the jobless rate falling only because so many people are dropping out of the workforce?
iStockphoto

Originally published on Tue January 21, 2014 11:52 am

For more than four years, the unemployment rate has been sliding down — from a 10 percent peak to today's 6.7 percent.

But does that reflect a fast-strengthening economy? Or is the rate falling only because so many people are dropping out of the workforce?

In coming weeks, members of Congress and the Federal Reserve Board will be making big policy decisions based upon their best understanding of those unsettled questions.

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Business
6:49 am
Tue January 21, 2014

More Cities Bring Buried Streams Back To Life

Originally published on Tue January 21, 2014 7:07 am

Transcript

STEVE INSKEEP, HOST:

Many cities across this country have paved over their streams, often to make way for urban development. The streams go underground. Now cities are realizing that uncovering those streams can have environmental and economic benefits.

Ann Thompson of member station WVXU reports so-called daylighting could be coming to a stream near you.

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Business
6:49 am
Tue January 21, 2014

Cost Overruns Threaten Widening Of Panama Canal

Originally published on Tue January 21, 2014 7:07 am

Transcript

RENEE MONTAGNE, HOST:

Anyone who's lived through home construction knows that delays and higher costs than expected are inevitable, and that is playing out on an enormous scale at the Panama Canal.

Work on expanding a 50-mile long commercial waterway has been under constant threat of a work stoppage because of a dispute over who will pay huge cost overruns, now estimated to top $1.6 billion.

NPR's Carrie Kahn reports.

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Business
4:16 am
Tue January 21, 2014

Union Angered By Postal Service Deal With Staples

Originally published on Tue January 21, 2014 7:07 am

Transcript

RENEE MONTAGNE, HOST:

The American Postal Workers Union is fighting back against a deal that puts U.S. Postal Service counters inside Staples stores. The Postal Service is facing a deficit and increased competition, so it's developing retail partnerships with companies like Staples.

STEVE INSKEEP, HOST:

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Law
2:18 am
Tue January 21, 2014

A Union For Home Health Aides Brings New Questions To Supreme Court

One of the questions before the U.S. Supreme Court on Tuesday is whether non-union members must pay for negotiating a contract they benefit from.
Jonathan Ernst Reuters/Landov

Originally published on Tue January 21, 2014 11:40 am

The U.S. Supreme Court hears arguments Tuesday in an Illinois case that could drive a stake through the heart of public employee unions.

At issue are two questions: whether states may recognize a union to represent health care workers who care for disabled adults in their homes instead of in state institutions; and whether non-union members must pay for negotiating a contract they benefit from.

To understand why a growing number of states actually want to recognize unions to represent home health care workers, listen to Illinois Attorney General Lisa Madigan:

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Economy & Business
5:36 pm
Mon January 20, 2014

Milwaukee Business Journal Gets Online Redesign and New Name

The new online design of the Milwaukee Business Journal
Credit Milwaukee Business Journal

Lake Effect's Mitch Teich interviews the Milwaukee Business Journal's Mark Kass and Stacy Vogel Davis.

For more than thirty years, the weekly newspaper, the Business Journal of Milwaukee, has specialized in business and economic news around southeastern Wisconsin.

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Business
3:55 pm
Mon January 20, 2014

T-Mobile CEO Swears (Like A Sailor) That Industry Will Change

Originally published on Mon January 20, 2014 6:44 pm

Transcript

MELISSA BLOCK, HOST:

And it's been a big year for T-Mobile. The telecom company finally landed the iPhone. It started trading as a public company and has kicked off a price war with its competitors. In the process, it's become the fastest-growing mobile phone company in the country, recruiting 4.4 million new customers. But as NPR's Steve Henn reports, T-Mobile's combative and profane CEO, John Legere, is grabbing all the headlines.

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The Salt
3:55 pm
Mon January 20, 2014

D.C. Barbecue Joint Serves Food For Soul And Mind

Chef Furard Tate says he wanted to "bring love back" to a Washington, D.C., neighborhood damaged since the 1968 riots.
Allison Keyes NPR

Originally published on Mon January 20, 2014 6:44 pm

Chef Furard Tate is the kind of man who never sits still. He flits from the order desk at Inspire BBQ back to the busy kitchen, where young men are seasoning sauce, cooking macaroni and cheese, and finishing off some dry-rubbed ribs smoked on a grill.

"We grill on a real grill," Tate says. "None of this electric stuff."

But as important as the food is, Tate says it's also important that it's made by young hands who must learn a slow, consistent process.

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The Two-Way
2:21 pm
Mon January 20, 2014

Oxfam: World's Richest 1 Percent Control Half Of Global Wealth

Local villagers scavenging coal illegally from an open-cast mine in a village near Jharia, India, in 2012.
Daniel Berehulak Getty Images

Originally published on Mon January 20, 2014 5:16 pm

Just 1 percent of the world's population controls nearly half of the planet's wealth, according to a new study published by Oxfam ahead of the World Economic Forum's annual meeting.

The study says this tiny slice of humanity controls $110 trillion, or 65 times the total wealth of the poorest 3.5 billion people.

Other key findings in the report:

-- The world's 85 richest people own as much as the poorest 50 percent of humanity.

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