Economy & Business

Business
2:02 am
Thu August 1, 2013

As Back-To-School Shopping Begins, Consumers May Turn Frugal

Chris Viehland helps her daughter Jenna try on shoes for the new school year at a Famous Footwear store in Fenton, Mo., Aug. 9, 2012.
Christian Gooden MCT/Landov

Originally published on Fri August 2, 2013 5:01 pm

As August begins, retailers are stepping up sales promotions to attract back-to-school shoppers. And several states are offering tax-free shopping to encourage purchases.

But most economists say this year's sales will be slower than last summer's because consumers have been coping with more expensive gasoline and higher payroll taxes.

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It's All Politics
6:43 pm
Wed July 31, 2013

Obama's Fed Pick Quandary: What Does It Mean For His Legacy?

Janet Yellen, vice chairwoman of the Federal Reserve, is under consideration to become the first woman to lead the Fed. President Obama reportedly is likely to choose between Yellen and former Treasury Secretary Lawrence Summers.
Franck Robichon EPA/Landov

Originally published on Thu August 1, 2013 8:56 am

Of all the legacies presidents leave behind, few are as important — yet as poorly understood in the moment — as their picks for chairman of the Federal Reserve.

Paul Volcker, credited with taming double-digit inflation through backbreaking high interest rates that contributed to the recession of the early 1980s, was among President Jimmy Carter's most consequential appointments.

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The Two-Way
6:30 pm
Wed July 31, 2013

House Votes To Cut Student Loan Rate, Sends Bill To Obama

Originally published on Wed July 31, 2013 7:08 pm

The Republican-controlled House on Wednesday overwhelmingly approved a bipartisan bill to cut the cost of borrowing for federal student loans, sending the measure to President Obama for his signature.

The bill, which had easily passed the Democratic-controlled Senate last week, would retroactively cut higher rates — which on July 1 had jumped to at least 6.8 percent.

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All Tech Considered
4:11 pm
Wed July 31, 2013

Tampon Marketing Gets Real For The Social Media Age

"We just thought we were telling this endearing story women could relate to," says HelloFlo founder Naama Bloom.
Courtesy of HelloFlo

Originally published on Fri August 2, 2013 10:08 am

Advertising for feminine hygiene products was traditionally so cheesy that it invited mockery far and wide. There was something so laughable and incongruent about maxi pad commercials that featured blue liquid and girls dancing on beaches.

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Economy
3:52 pm
Wed July 31, 2013

Better GDP Report Doesn't Mean Economy Is In Good Shape

Originally published on Wed July 31, 2013 5:05 pm

Transcript

AUDIE CORNISH, HOST:

From NPR News, this is ALL THINGS CONSIDERED. I'm Audie Cornish.

MELISSA BLOCK, HOST:

And I'm Melissa Block.

You could almost hear a collective sigh of relief today from economists. The government reported that the economy is not growing quite as slowly as had been expected and there are some positive signs on the jobs front. A private sector jobs report released today could mean the main government employment report on Friday will also show some strength.

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The Two-Way
2:23 pm
Wed July 31, 2013

Federal Reserve Will Continue Bond Buying Program

Federal Reserve Board Chairman Ben Bernanke in May of 2013.
Alex Wong Getty Images

After a meeting of the Federal Open Market Committee, the Federal Reserve said it will continue to buy $85 billion in bonds every month and will leave the federal funds rate at the historic rate of near zero.

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Planet Money
1:25 pm
Wed July 31, 2013

Which Can Of Shaving Cream Should I Buy? A Surprisingly Complex Analysis

iStockphoto.com

Because my morning routine involves the waking, feeding, dressing, brushing and sunblocking of a 6-year-old and a 4-year-old, certain personal morning grooming habits fall by the wayside. Like, all of them. This is why I think of the gym mainly as a place to wash up.

Which is a long way of saying I ran out of shaving cream the other day.

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All Tech Considered
12:01 pm
Wed July 31, 2013

Weekly Innovation: A Better Travel Neck Pillow

The Nap Anywhere is a new, portable head-support pillow created by a Virginia-based physician.
Courtesy of Nap Anywhere

In our "Weekly Innovation" blog series, we explore an interesting idea, design or product that you may not have heard of yet. Previously we've featured the sink-urinal and Smart Bedding.

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Code Switch
11:53 am
Wed July 31, 2013

Consumer Groups On The Lookout For Immigration Scams

A line waits outside the U.S. Citizenship and Immigration Services office in Los Angeles.
Nick Ut AP

Originally published on Wed July 31, 2013 1:54 pm

Talk about immigration reform on Capitol Hill this summer has raised the hopes of many unauthorized immigrants around the country.

It's also raised the fears of consumer advocates worried about scam artists who promise immigrants they can help them secure legal status.

Eduardo Flores, an unauthorized immigrant from Honduras, wasn't promised immigration documents, but he did place his trust and $4,000 with a man who said he was an immigration attorney.

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The Two-Way
10:46 am
Wed July 31, 2013

Facebook Sees Its Shares Hit $38 IPO Price

Originally published on Wed July 31, 2013 3:36 pm

It's been more than a year since Facebook's stock debuted at $38 in its initial public offering. But after a problematic start and an eventual slide below $20, the company saw its shares reach that initial price in early trading Wednesday, one week after it reported strong advertising revenue.

"Before Wednesday's opening bell, the shares rose as high as $38.05, before settling back down to $37.95," the AP reports. "On Tuesday, the shares closed up 6 percent after coming within pennies of the IPO price."

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