Economy & Business

The Two-Way
6:33 am
Fri June 21, 2013

Book News: Apple, DOJ Tussle As Ebook Price Fixing Trial Ends

Originally published on Fri June 21, 2013 9:32 am

The daily lowdown on books, publishing, and the occasional author behaving badly.

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Politics
4:22 am
Fri June 21, 2013

House Votes Down 5-Year Farm Bill

Members of the House on Thursday rejected the measure, studded with Republican priorities. In the past, the farm bill has been a model of bipartisan support. But defections in both parties spelled the bill's doom.

Planet Money
4:19 am
Fri June 21, 2013

How Brush Factories Survive In America

Fourth-generation owner of Braun Brush, Lance Cheney, stands next to a special-order brush his company made for the artist Richard Artschwager.
Marianne McCune NPR

Originally published on Tue June 25, 2013 2:46 pm

Brushes are pretty simple: a bunch of flexible fibers sticking out of something stiff. Not surprisingly, Chinese manufacturers have grabbed a big share of the U.S. brush market. But several hundred small U.S. brush factories are still hanging on. Here are three strategies they're using to survive.

1. Compete On Quality

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Asia
3:40 am
Fri June 21, 2013

China's Credit Crunch Felt Across Financial Markets

Transcript

RENEE MONTAGNE, HOST:

Alarm bells went off in China's financial system yesterday. That's because interest rates for loans that banks make to each other - like the loans we've just been hearing about - shot up, drying up credit as China's banks searched for cash. The effects reached markets here, where the Dow dropped more than 2 percent yesterday.

All of this seems to be caused by the Chinese government trying to send its banks a message. To explain what happened and why, we turn to NPR's correspondent in Shanghai, Frank Langfitt. Good morning.

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Business
3:34 am
Fri June 21, 2013

Business News

Originally published on Fri June 21, 2013 6:01 am

Libor is the London interbank offered rate. It's important because it establishes the rate that banks pay to borrow from one another.

Business
3:34 am
Fri June 21, 2013

The Last Word In Business

Originally published on Fri June 21, 2013 7:46 am

Gandolfini, who died this week while vacationing in Italy, became famous for his role in The Sopranos. Tony Soprano, the mob boss, described his job as "waste management consultant." Call it what you want, but on the job, Tony Soprano had plenty of business insights.

Business
3:34 am
Fri June 21, 2013

Instagram Expands With Video Feature

Originally published on Fri June 21, 2013 5:18 am

This move pits Facebook against Twitter, which owns the six-second video-sharing service, Vine. Adding video brings significant change to the Instagram experience.

The Two-Way
4:12 pm
Thu June 20, 2013

Dow Loses 350 Points After Fed Hints It Will Stop Buying Bonds

Traders work the floor of the New York Stock Exchange after the opening bell on Thursday.
John Moore Getty Images

Originally published on Thu June 20, 2013 4:25 pm

The Dow Jones industrial average closed down more than 353 points on Thursday in a selloff sparked by uncertainty about the end of a government monetary stimulus program and a credit crunch in China.

Wall Street followed a downturn in global markets. The Standard & Poor's 500-stock index lost 2.5 percent, while the Dow and Nasdaq composite indexes both lost 2.3 percent.

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The Salt
4:02 pm
Thu June 20, 2013

Why Slave Labor Still Plagues The Global Food System

Workers process shrimp at a factory in Thailand in 2009.
Chumsak Kanoknan Getty Images

Originally published on Fri June 21, 2013 9:01 am

When the State Department released its annual report on human trafficking Wednesday, we got a chilling reminder that even in 2013, slave labor is still embedded in the global food system.

As many as 27 million men, women and children are estimated to be trafficking victims at any given time, according to the report. And some of those victims, the State Department says, are later forced to work in agriculture and food processing (though no one has a good idea how many).

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Economy
3:48 pm
Thu June 20, 2013

Stock Market Falls Again After Federal Reserve Announcement

Originally published on Thu June 20, 2013 5:42 pm

The stock market fell again on Thursday, a day after Federal Reserve Chairman Ben Bernanke outlined plans to phase out the Fed's stimulative bond-buying program. The Dow was down 350 points in late afternoon trading.

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