Economy & Business

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.

Read more
Economy & Business
4:51 pm
Tue September 17, 2013

Steve Marcus Calls for Downtown Sculptures, Sales Tax for Civic Projects

Steve Marcus, Chairman of the Board of Directors of the Marcus Corporation
Credit Michelle Maternowski

Lake Effect's Mitch Teich interviews Steve Marcus, chairman of the board of the Marcus Corporation.

For more than half a century, Steve Marcus has helped shape the city of Milwaukee.

Read more
Economy
4:34 pm
Tue September 17, 2013

Census Report Paints Troubling Economic Picture On Incomes

Raisa Ruiz (right) and her niece Mary Badels wait in line at the Manna Food Center, Gaithersburg, Md., on Sept. 13.
Chloe Coleman NPR

For the first year since the recession, median household incomes did not decline in 2012. But it's hardly a reassuring picture. Incomes were flat despite the economic recovery and big gains in the stock market. That's a troubling aspect about today's labor market. It's four years since the official end of the recession and many households are worse off than when it started.

Read more
Politics
4:34 pm
Tue September 17, 2013

Frontrunner For Fed Chair Saw Financial Crisis Coming

Now that Larry Summers has withdrawn his name from consideration to lead the Federal Reserve, Janet Yellen, Vice Chair of the Fed, has emerged as the frontrunner. For more on Yellen and her career, Audie Cornish talks with Alan Blinder, a professor of economics at Princeton University.

Media
4:34 pm
Tue September 17, 2013

Why Outlets Often Get It Wrong In Breaking News Coverage

Transcript

AUDIE CORNISH, HOST:

As news traveled about the mass shootings at the Navy Yard, there were some missteps by the media. At first, some news outlets reported there were up to three different gun men. So far, that's turned out not to be the case. There were reports that there was a second shooting at Bolling Air Force Base, that turned out not to be the case.

Read more
Economy
4:34 pm
Tue September 17, 2013

CBO Report: Long-Term Deficit Picture Gloomy

Transcript

ROBERT SIEGEL, HOST:

From NPR News, this is ALL THINGS CONSIDERED. I'm Robert Siegel.

AUDIE CORNISH, HOST:

And I'm Audie Cornish.

The nonpartisan Congressional Budget Office just added fuel to the fire already raging in Washington over what to do about the deficit. A new CBO study paints a grim picture of the nation's long-term debt and deficit.

NPR's Tamara Keith reports that despite three years of fighting over it, Congress hasn't done much to improve things.

Read more
U.S.
4:34 pm
Tue September 17, 2013

The Occupy Movement At 2: Many Voices, Many Messages

Demonstrators congregate near the New York Stock Exchange on Tuesday. Numerous rallies and events were planned to mark the second anniversary of the Occupy Wall Street movement, which targets income inequality and financial greed.
Spencer Platt Getty Images

Originally published on Tue September 17, 2013 5:31 pm

By 10 a.m. Tuesday, several hundred people had already gathered in Manhattan's Zuccotti Park to mark the second anniversary of the movement known as Occupy Wall Street.

With many people coming and going, heading for actions like a McDonald's protest or a march on Washington Square Park, it was difficult to assess actual numbers. Much like Occupy itself, groups changed and reformed all morning.

Read more
Parallels
3:57 pm
Tue September 17, 2013

As Economy Cools, Brazilians Find Themselves Trapped In Debt

A woman looks at clothes inside a shop in Rio de Janeiro. Consumption has been a huge driver of the Brazilian economy, but the boom years are over, and economists say the outlook isn't good.
Sergio Moraes Reuters/Landov

Originally published on Tue September 17, 2013 7:44 pm

It all started out so promisingly. She was young, still in her teens, and she'd landed her first job. As is the custom in Brazil, to get your salary you have to open an account with the bank the company deals with — and with that new account came the woman's first credit card.

"The banks say, 'I want to help you,' " she says. "And if you have a credit card, it's a status symbol, you are well-regarded."

She switched jobs. That company dealt with another bank — which issued her another credit card. She got a store credit card, too.

Read more
Planet Money
1:07 pm
Tue September 17, 2013

The Stagnation Of The Middle Class, In 1 Graph

Earnings for full-time, year-round workers
via Census Bureau

If you look at only one slide deck of Census data today, make it this one (PDF). If you can't be bothered with a slide deck, at least look at this graph (though it's not pretty, in any sense):

Read more
The Two-Way
11:21 am
Tue September 17, 2013

Poverty Rate Unchanged In 2012

How the number of Americans below the poverty line and the poverty rate have changed.
Census Bureau

The nation's poverty rate remained unchanged at 15 percent in 2012, the Census Bureau said Tuesday.

For a family of four (two adults, two children) the poverty threshold in 2012 was $23,283.

There were 46.5 million Americans below the poverty line last year, Census says, vs. 46.2 million in 2011.

Read more

Pages