Economy & Business

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.

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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:

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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.

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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.

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