Economy & Business

Economy & Business
9:16 am
Thu December 12, 2013

Bucks' Low Attendance and Losing Record Make Difficult Sell for New Arena

The Milwaukee Bucks have one of the worst attendance rates in the NBA.
Credit LaToya Dennis

The Milwaukee Bucks have the NBA's second worst record so far this season, as well as the fourth lowest attendance record in the league. But some in their hometown hope a new arena could open a new chapter for the team.

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The Two-Way
7:57 am
Thu December 12, 2013

Big Jump In Jobless Claims Blamed On Seasonal Factors

Originally published on Thu December 12, 2013 9:18 am

Data such as the weekly figures on jobless claims are supposed to be "seasonally adjusted" to account for temporary factors that aren't really connected to the underlying strength or weakness of the economy.

But Thursday morning's report seems to underscore how hard it can be to make such adjustments.

According to the Employment and Training Administration, there were 368,000 first-time claims filed for jobless benefits last week — far above the 300,000 applications the week before.

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Business
5:54 am
Thu December 12, 2013

WestJet Plays Santa To Calgary-Bound Passengers

Originally published on Thu December 12, 2013 7:00 am

Passengers told a virtual Santa what they wanted before boarding their flights. While they were in the air, secret shoppers at their destination hit the stores. The passengers arrived in Calgary to find their gifts on the baggage carousel.

Business
5:42 am
Thu December 12, 2013

Scotland's Royal Bank Fined For Violating Iran, Cuba Sanctions

Originally published on Thu December 12, 2013 7:00 am

Transcript

STEVE INSKEEP, HOST:

NPR's business news starts with a bank writing another big check.

(SOUNDBITE OF MUSIC)

INSKEEP: The Royal Bank of Scotland was fined $100 million yesterday for violating American sanctions on Iran and Cuba. The bank had given its U.K. employees step-by-step instructions on how to keep transactions from being detected for sanctions violations.

Last year, the London-based banks Standard Chartered and HSBC also received fines for breaking U.S. sanctions. Transcript provided by NPR, Copyright NPR.

Economy
5:42 am
Thu December 12, 2013

California Still Owes U.S. Billions For Unemployment

Originally published on Thu December 12, 2013 7:00 am

Transcript

STEVE INSKEEP, HOST:

California, according to recent budget numbers, is slowly recovering from its years of multi-billion dollar budget deficits. The state is on track to turn a $2.5 billion budget surplus at the end of the current fiscal year. But that's general fund money. It does not address another gaping deficit. The state owes almost $10 billion to the federal government for money spent on unemployment benefits.

NPR's Richard Gonzales reports.

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