Economy & Business

Digital Life
11:17 am
Tue September 17, 2013

#LATISM: Digital Media's Pull For Latinos

Reports show that Latinos are plugged into social media, but does this mean they are turning from traditional media? Host Michel Martin speaks with Viviana Hurtado, founder of The Wise Latina Club, and entrepreneur Fernando Espuelas about how social media is helping to empower Latinos.

Business
11:17 am
Tue September 17, 2013

Drive To 'Create Stuff' Brings Immigrant Success

Entrepreneur Fernando Espuelas speaks with host Michel Martin about why he thinks more Latino business leaders need to step up to the plate. Espuelas was named by PODER Magazine as one of "The Nation's 100 Most Influential Hispanics" in 2012.

Parallels
10:06 am
Tue September 17, 2013

Why Is The Global Shipbuilding Business Struggling?

Laborers stand on a new ship at a Rongsheng Heavy Industries shipyard in Nantong, China, in 2012. The troubles at Rongsheng, China's largest private shipbuilder, mirror what's happening in the global industry.
Aly Song Reuters/Landov

Originally published on Tue September 17, 2013 11:43 am

There's news this week that shipbuilder STX Finland will close what it describes as "the world's leading ferry builder," a yard where the company also built small cruise ships, icebreakers and naval craft.

The company blamed economic conditions for the closure of the Rauma Shipyard. Work from there will be shifted to the company's facility in Turku. About 700 people will lose their jobs.

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The Two-Way
7:46 am
Tue September 17, 2013

No Inflation In Sight As Federal Reserve Policymakers Meet

Originally published on Tue September 17, 2013 9:31 am

Consumer prices rose a scant 0.1 percent in August from July and were up a modest 1.5 percent since August 2012, the Bureau of Labor Statistics said Tuesday morning.

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Business
7:12 am
Tue September 17, 2013

Hello Kitty Pitches Beer

Originally published on Tue September 17, 2013 8:38 am

Transcript

RENEE MONTAGNE, HOST:

Next, we go to a wildly successful Japanese export that specializes in cute. I'm talking about the white cat with a red bow and a button nose, whose image adorns everything from school supplies to rifles to RVs.

STEVE INSKEEP, HOST:

Yes, our last word in business today is: Hello Kitty - in a can.

The Japanese company Sanrio has licensed the pudgy face cartoon cat to a Taiwanese beverage maker which is selling fruit-flavored beer in China and Taiwan.

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Business
7:12 am
Tue September 17, 2013

Fed Meeting Could Lead To Stimulus Reduction

Originally published on Tue September 17, 2013 8:38 am

Transcript

STEVE INSKEEP, HOST:

And we are following other stories this week, including possible action by the Federal Reserve. Many analysts expect the Fed to announce the first reduction in its massive intervention in the economy, $85 billion per month, a decision that may come at the end of a two-day meeting. Here's NPR's John Ydstie.

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All Tech Considered
3:55 pm
Mon September 16, 2013

Smartphone Boom Fuels A $1 Billion Fantasy Sports Industry

Steve Covino and Rich Davis attend Sirius XM's Annual Celebrity Fantasy Football Draft in New York in 2012.
Cindy Ord Getty Images for Sirius XM Radio

Originally published on Mon September 16, 2013 4:55 pm

The whole beauty of fantasy sports is that you can manage teams of pro athletes without ever leaving your couch. The process of drafting teams, betting on the success of individual players and trash-talking with your similarly obsessed friends takes place on Web and mobile platforms, and that makes the fantasy sports pastime about more than just bragging rights. It's become a billion-dollar business.

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The Two-Way
2:57 pm
Mon September 16, 2013

Bill Gates, Warren Buffett Again Top Forbes 400

Larry Ellison, CEO of Oracle, is No. 3 on the Forbes 400 list of the wealthiest Americans.
Stephen Dunn Getty Images

Originally published on Mon September 16, 2013 3:46 pm

It's mostly the usual suspects on the latest Forbes 400 list of the wealthiest Americans: Bill Gates tops the list for the 20th consecutive year, with a net worth of $72 billion, followed by investor Warren Buffett and Oracle CEO Larry Ellison.

The Koch brothers, Charles and David, tie for fourth place, while Walton family members with an interest in retail behemoth Wal-Mart occupy positions 6 through 9.

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The Salt
2:29 pm
Mon September 16, 2013

Atkins Hopes To Ride Paleo, Low-Carb Craze To A Comeback

A Beef Merlot dinner from the Atkins frozen food line, launched in January.
Kent Altena Flickr

Originally published on Mon September 16, 2013 4:39 pm

A decade ago, Atkins was undeniably the fad diet of the moment: Back then, nearly 10 percent of Americans said they were either on the low-carb weight-loss plan or had tried it.

But after Dr. Robert Atkins, its namesake and mastermind, died of a head injury in 2003, the brand went downhill fast. Nutritionists berated the plan for promoting saturated fats and cholesterol-rich foods. Sales of Atkins books and food products dropped precipitously. And Atkins Nutritionals filed for bankruptcy in 2005.

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It's All Politics
1:32 pm
Mon September 16, 2013

Summers' End: A Metaphor For Obama's Economic Agenda

Former Treasury Secretary Larry Summers speaks during a session at the World Economic Forum in Davos, Switzerland, in 2011.
Michel Euler AP

Originally published on Mon September 16, 2013 3:35 pm

By taking his name out of consideration for the Federal Reserve chairmanship this weekend, Lawrence Summers became a metaphor for the difficulties President Obama has had in pursuing his economic agenda.

And the end of Summers, at least as Ben Bernanke's potential successor, signaled that the president's inability to get traction on his economic agenda is likely to get worse, not better. Now even lawmakers in his own party are willing to break with him on high-profile economic decisions.

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