Economy & Business

The Two-Way
10:39 am
Wed September 18, 2013

Proposed Rule Would Make Companies Disclose CEO-To-Worker Pay Ratio

Warren Buffett, chairman and CEO of Berkshire Hathaway, bucks the trend on executive pay, with a salary only 11 times what the company's average worker makes.
Kevork Djansezian Getty Images

Originally published on Wed September 18, 2013 2:58 pm

Update At 12:30 p.m. ET. SEC Approves Rule:

The Securities and Exchange Commission has voted 3-2 to move the proposed rule ahead, with the two Republican commissioners opposing the measure.

The rule now goes for a 60-day public comment period, after which it could be formally adopted.

SEC commissioners also voted unanimously to require municipal advisers to register with the agency.

Here's our original post:

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Parallels
9:09 am
Wed September 18, 2013

More Old People, Fewer Workers: Nations Look To Immigration

A man relaxes at a downtown park in Seoul. The pronounced demographic shift triggered by a plummeting birth rate and soaring life expectancy is seen as one of the greatest challenges facing Asia's fourth-largest economy.
Kim Jae-Hwan AFP/Getty Images

Originally published on Wed October 9, 2013 4:43 pm

A story in the Financial Times caught our eye this week. It was on foreign workers in South Korea.

The story looked at the town of Ansan, where about 7.6 percent of the population is foreign. They come from other Asian countries, as well as from Russia. Here's one of the reasons for the change in South Korea, a highly homogeneous society:

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The Two-Way
5:57 am
Wed September 18, 2013

No Guns Please, Starbucks Tells Customers

A Starbucks customer — gun on his hip and drink in his hand — watches a rally by gun control advocates, in Seattle in 2010.
Elaine Thompson AP

Originally published on Wed September 18, 2013 9:42 am

With the coffee giant caught in the middle of what he says is an "increasingly uncivil and, in some cases, even threatening" debate, Starbucks CEO Howard Schultz has posted a letter to "fellow Americans" asking that they not bring guns into Starbucks' shops.

Schultz writes that:

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Business
3:27 am
Wed September 18, 2013

Walgreen's Revamps Employee Health Care Package

Originally published on Wed September 18, 2013 5:10 am

The pharmacy chain is expected to announce that it will provide payments to employees so they can shop around for their own insurance. That is in lieu of supplying a company-sponsored benefit plan.

Business
3:27 am
Wed September 18, 2013

Police Impersonators Jump Line To Buy 'Grand Theft Auto V'

Originally published on Wed September 18, 2013 5:06 am

Three New York men were so eager to get the game; they hatched a scheme that could be one of its plots. According to the New York Post, the men pulled up to a mall in an unmarked vehicle, walked past hundreds of people in line and purchased the game. Real police pulled them over after they ran multiple stop signs trying to get away.

Business
3:27 am
Wed September 18, 2013

Home Care Workers To Be Included In Wage And Overtime Law

Transcript

STEVE INSKEEP, HOST:

Almost 2 million Americans are employed as home care workers. Wow. Many of them are not covered by minimum wage and overtime laws, but that is about to change. NPR's Wendy Kaufman reports.

WENDY KAUFMAN, BYLINE: The new rules, announced by the White House, cover in-home aides who assist the elderly or the disabled with things like dressing, feeding and taking medications.

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Politics
3:27 am
Wed September 18, 2013

House Bill Would Cut 3.8 Million People From Food Stamp Rolls

Advocates for the poor say the proposed cuts to the food stamp program — $40 billion over 10 years — don't make sense at a time when unemployment remains high.
iStockphoto.com

Originally published on Wed September 18, 2013 3:44 pm

The House of Representatives is expected to take up a bill Thursday that would chart the course for federal nutrition programs for years to come.

The measure calls for $40 billion in cuts over a decade to the federal food stamp program, now known as SNAP. The measure's Republican backers say it attacks fraud, but advocates say it will hurt the poor.

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Sweetness And Light
2:19 am
Wed September 18, 2013

More Than Average: Dow Jones Adds The 'Swoosh'

Don Ryan AP

Originally published on Wed September 18, 2013 3:01 pm

After 117 years, sports has finally made it to the big time, when, starting next Tuesday, a sports company will be included in the Dow Jones averages.

The Dow Jones, of course, has always preferred very serious corporations –– your banks, your automotives, your insurers. OK, the movies were allowed in 1932 with the inclusion of Loews, and Walt Disney was brought onboard in 1991, but sports was never considered substantial enough for an industrial average until now, when Nike has been ordained.

Yes, Dow Jones has the swoosh.

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Your Money
2:15 am
Wed September 18, 2013

Your Kids And Money: Teaching The Value Of A Dollar

What's the point of an allowance?
iStockphoto.com

Originally published on Wed September 18, 2013 3:41 pm

What's the point of an allowance?

For Ron Lieber, personal finance writer for The New York Times, it's a tool to help teach values and character traits like patience, moderation, thrift and generosity. And Lieber, who's writing a book, The Opposite of Spoiled, about kids, money and values, tells Morning Edition host Steve Inskeep there are three basic ways that parents approach an allowance.

No chores necessary.

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The Two-Way
5:19 pm
Tue September 17, 2013

Car Factories Turn Robots And Humans Into Co-Workers

A robot arm helps make engine components at a Volkswagen factory in Germany. For the first time, robots are working alongside humans without guards or other safety barriers between them.
Universal Robots

Originally published on Tue September 17, 2013 6:24 pm

Robots are working alongside humans on car production lines, taking what Technology Review calls "a huge step toward revolutionizing the role of robots" at car factories. Previously, robots had been seen as being too unsafe to place them shoulder-to-arm-joint with humans on the assembly line.

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