Economy & Business

Business
4:14 am
Tue October 1, 2013

Economists Say Shutdown Will Hurt, But Hard To Add It Up

Government workers protest the possibility of a federal shutdown in Chicago. Nearly 100 employees from federal agencies including the Environmental Protection Agency and the Department of Housing and Urban Development rallied in a downtown plaza Monday.
M. Spencer Green AP

After weeks of wondering what would happen, Americans now know:

1. Congress missed the midnight funding deadline for the new fiscal year, triggering disruptions in government operations.

2. That will slow economic growth, at least in the short term.

But just how far the damage will go is far from clear. Economists say they can't refine their predictions because they have no idea how long the shutdown might last or how many federal workers may be furloughed.

Read more
Business
3:31 am
Tue October 1, 2013

Financial Markets Monitor Partial Federal Shutdown

Originally published on Tue October 1, 2013 5:35 am

Financial markets across the world took a hit on Monday. They closed lower — waiting to see if there was a partial government shutdown in the U.S. Shortly before midnight, the White House ordered agencies to begin shutting down.

Business
3:31 am
Tue October 1, 2013

Amazon To Hire More Workers Than Last Holiday Season

Originally published on Tue October 1, 2013 5:41 am

Amazon has announced that it's looking to hire 70,000 full-time temporary employees for the holiday season. That's a 40 percent increase in hires from last year. The world's largest online retailer says it hopes to convert thousands of these seasonal jobs into permanent positions after the holiday rush.

Economy
3:31 am
Tue October 1, 2013

Widening Income Gap 'Concerns' Obama

Originally published on Tue October 1, 2013 5:35 am

Transcript

STEVE INSKEEP, HOST:

In our talk yesterday with President Obama, he said he will not make concessions to Republicans who quote, "threatened to burn down the house." We are hearing parts of the interview throughout today's program.

Amid the latest political crisis, our economy keeps evolving. And so we used part of our conversation in the Oval Office to ask the president about the longer term trends.

Read more
Politics
3:31 am
Tue October 1, 2013

After Years Of Political Talk, The Obamacare Fight Gets Real

A woman looks at the HealthCare.gov insurance exchange site on Tuesday in Washington, D.C.
Karen Bleier AFP/Getty Images

Originally published on Tue October 1, 2013 10:43 am

In the three years since President Obama signed the Affordable Care Act into law, it has survived more than 50 votes in Congress to defund or repeal it, a Supreme Court challenge, a presidential election and, as of Tuesday morning, a government shutdown. Much of the spending for the law is mandatory and won't be cut off.

But now, it must survive its own implementation.

Tuesday is the day that Obamacare goes operational. Americans can begin signing up for health insurance on online marketplaces known as exchanges.

Read more
Business
3:31 am
Tue October 1, 2013

Study: Fast Food Has Gotten A Bit Slower

McDonald's posted its slowest drive-through performance times in 15 years, according to a new industry study.
M. Spencer Green AP

Originally published on Tue October 1, 2013 12:36 pm

Fast food, it turns out, isn't quite as fast as it used to be.

A new study finds that McDonald's posted its slowest drive-through times since this survey was first conducted 15 years ago.

Read more
Economy
3:31 am
Tue October 1, 2013

As Partial Shutdown Begins, A Bigger Fight Looms

Originally published on Tue October 1, 2013 5:35 am

Transcript

STEVE INSKEEP, HOST:

Now, even as a partial shutdown begins, a bigger fight looms. A default on federal debt obligations could have global effects. Federal borrowing authority expires in the middle of this month. House Republicans have said they will not extend the debt ceiling unless President Obama accepts a long list of their agenda items. And that was on the president's mind when we sat by the Oval Office fireplace yesterday.

Read more
Business
3:31 am
Tue October 1, 2013

Ikea To Offer Solar Panels In British Stores

Originally published on Tue October 1, 2013 5:45 am

The Sweden-based company plans to roll out solar panels in 17 British stores over the next 10 months. The company does say the solar panels will look like flat screen televisions on your roof. Basic solar packages will be sold for more than $9,000.

All Tech Considered
5:16 pm
Mon September 30, 2013

FAA May Stop Making You Power Off Those Electronics

An expert FAA advisory committee has recommended that airline passengers be allowed to use most personal electronic devices below 10,000 feet.
Leonardo Patrizi iStockphoto.com

Originally published on Mon September 30, 2013 9:09 pm

It's news many airline passengers have waited to hear: The Federal Aviation Administration may allow smartphones, tablets and other personal electronic devices to be used throughout an entire flight — including takeoff and landing.

Frequent flier Barbara Reilly, a health care consultant from Atlanta, is like many airline passengers: She boards her flights with a laptop, an iPad and a cellphone, and "I used them all ... continuously, until the very moment I had to turn them off. And the second I could turn them back on, they were all back on," she says.

Read more
Economy
3:56 pm
Mon September 30, 2013

What Happens To The Economy If The Government Shuts Down?

Originally published on Mon September 30, 2013 9:09 pm

Transcript

AUDIE CORNISH, HOST:

There's no guarantee that a shutdown, if it happens, will be short. The mere possibility of a longer stalemate was enough to push down markets here and abroad today.

MELISSA BLOCK, HOST:

If there is a shutdown, about 800,000 federal workers will be furloughed, although many will still be required to show up for work.

CORNISH: Social Security checks will still go out and the postal service will still deliver the mail.

Read more

Pages