Economy & Business

Economy
4:29 am
Fri December 27, 2013

Long-Term Unemployment Benefits To Expire On Saturday

Originally published on Fri December 27, 2013 7:06 am

Transcript

DON GONYEA, HOST:

You're listening to MORNING EDITION, from NPR News. I'm Don Gonyea.

The holiday season will come to an abrupt end this weekend for people who have been unemployed for more than six months. Saturday, benefits expire for 1.3 million Americans who've been on the Federal Emergency Unemployment Benefit Program, which picks up where state systems usually end. That has people worried, people like Allison Gwyn(ph), a professional music teacher and actor in New York, who lost her job early in the summer.

Read more
Planet Money
4:24 pm
Thu December 26, 2013

The Tragic Number That Got Us All Talking About Our Clothing

A Bangladeshi worker participates in a protest outside a garment factory in Dhaka.
A.M. Ahad AP

Originally published on Thu December 26, 2013 4:31 pm

1,134 is the official government death toll of the Rana Plaza building collapse in Bangladesh. The building, which collapsed in April, was home to five garment factories.

Read more
The Two-Way
3:50 pm
Thu December 26, 2013

President Obama Signs Budget, Defense Bills

President Obama speaks to current and retired members of the U.S. military and their families as they eat a Christmas Day meal in the Anderson Hall mess hall at Marine Corps Base Hawaii on Wednesday.
Getty Images

Originally published on Thu December 26, 2013 4:58 pm

President Obama on Thursday signed the bipartisan budget bill agreed upon earlier this month, setting the stage for an easing of mandatory spending cuts over the next two years.

The Senate approved the spending measure last week, following its passage in the Republican-dominated House.

The president also signed the National Defense Authorization Act for fiscal 2014.

As The Associated Press reports:

Read more
Economy
3:36 pm
Thu December 26, 2013

Manufacturing 2.0: Old Industry Creating New High-Tech Jobs

Unlike the smoky, eardrum-damaging factories of yesterday, today's manufacturing is going high-tech. That can mean more robots and automated machines than workers. But companies like Machine Inc. in Stoughton, Mass., are still growing and hiring.
Chris Arnold NPR

Originally published on Thu December 26, 2013 5:07 pm

As the U.S. economy continues to recover, it has been getting some help from an unexpected place. After decades of massive job losses, manufacturing firms have been steadily creating jobs — many of them well-paying. One particularly bright spot is a new generation of high-tech manufacturers.

Read more
Business
3:36 pm
Thu December 26, 2013

With More Online Shopping, Expect More Holiday Shipping Delays

As the volume of online orders surged, some retailers and package delivery companies were unable to fulfill promises to deliver gifts by Christmas. UPS acknowledged it was overwhelmed by all the late traffic. In response to complaints, Amazon says it is offering gift cards and refunds for shipping charges.

Parallels
3:10 pm
Thu December 26, 2013

Venezualan Flights Are Dirt Cheap ... If You Can Get A Ticket

At the official rate, 1 U.S. dollar is worth 6.3 Venezuelan bolivars. But in a country with runaway inflation, the black market rate is about 60 bolivars to the dollar. This has made airfares extremely cheap for those using currency acquired on the black market.
Juan Barreto AFP/Getty Images

Originally published on Thu December 26, 2013 6:35 pm

Reporter John Otis was looking for a flight to Venezuela. That may sound like a simple task, but air travel to and from that Latin American country turns out to be extremely complicated these days. Here's his story.

A direct flight from my home in Bogotá, Colombia, to Caracas, Venezuela, takes about 90 minutes. But when I tried to buy a ticket recently, none were available. I was offered a flight with an overnight stop in Miami, but that would have cost $5,000.

Read more
The Two-Way
1:41 pm
Thu December 26, 2013

McDonald's Shuts Down Website That Told Workers To Avoid Fast Food

Protesters demonstrate at a McDonald's in New York on Dec. 5. Protesters staged events in cities nationwide, demanding a pay raise to $15 per hour for fast-food workers and the right for them to unionize.
John Moore Getty Images

McDonald's has decided to shut down a website aimed at providing work and life advice to its employees after it was reported that it had urged workers not to eat the very fast food they are hired to produce.

The Oak Brook, Ill.-based McDonald's said Thursday that information on its McResources Line site had been taken out of context thus generating "unwarranted scrutiny and inappropriate commentary," according to a McDonald's spokeswoman.

Read more
The Two-Way
8:54 am
Thu December 26, 2013

Jobless Claims Fell Sharply Last Week

A "help wanted" sign earlier this year in the window of a clothing store in Pasadena, Calif.
Kevork Djansezian Getty Images

Just as last week's figures may been distorted by temporary factors related to the holiday season that made things look worse than they really are, the word Thursday that there's been a sharp drop in claims for unemployment insurance needs to be accompanied by the same sort of caveat.

Read more
The Two-Way
6:47 am
Thu December 26, 2013

Apologies, Promises From UPS And FedEx About Delivery Delays

UPS delivery man Vinny Ambrosino was dressed for the holiday season on Tuesday as he delivered packages in New York City. Not all the things ordered for Christmas got to their destinations on time.
Carlo Allegri Reuters/Landov

Originally published on Thu December 26, 2013 7:28 pm

Update at 8:20 p.m. ET. Amazon, UPS, Offer Refunds:

The Washington Post reports:

"Amazon and UPS said Thursday they would offer refunds to customers who did not receive their Christmas orders on time, after a surge in last-minute online shopping caught the shipping giant off guard."

Read more
Business
3:40 am
Thu December 26, 2013

Pacific Northwest Suffers After China Bans Shellfish Imports

A geoduck farm near Totten Inlet, Washington.
KBCS/Bellvue/Seattle/Flickr

Originally published on Thu December 26, 2013 9:23 am

China has closed its doors to all shellfish imports from an area that stretches from northern California to Alaska. The state of Washington says it's losing as much as $600,000 a week.

Among the shellfish not being harvested is the geoduck, a long-necked clam that can fetch up to $150 per pound in China. It's a major export for the Pacific Northwest.

Read more

Pages