Business

The Two-Way
12:19 pm
Mon June 4, 2012

Report: Facebook Weighing Access For The Under 13 Crowd

Originally published on Mon June 4, 2012 1:14 pm

Perhaps in a effort to widen its reach, Facebook is exploring ways in which to officially open up its services to kids younger than 13.

That's what The Wall Street Journal reported today adding that Facebook is already used by millions of kids who lie about their age.

The Journal reports:

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The Two-Way
9:54 am
Mon June 4, 2012

Latest Sign Of Slowing: Factory Orders Fell In April

The word from the Census Bureau that orders for manufactured goods fell 0.6 percent in April from March — the second straight monthly decline — is in line with other reports that signal the economy "may suffer a swoon yet not slip into a recession," Bloomberg News writes.

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The Salt
9:16 am
Mon June 4, 2012

Small-Scale Slaughterhouses Aim To Put The 'Local' Back In Local Meat

This cow may have been raised for food on a farm near you, but it may not necessarily have been processed nearby
suzettesuzette Flickr.com

Originally published on Mon June 4, 2012 1:07 pm

It's hard to go a day without hearing people brag about how they eat local. In-the-know consumers wax poetic about their local farmers' markets, and some even make pilgrimages to meet their rancher, visit cows grazing and see pigs playing happily in the mud.

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Business
3:26 am
Mon June 4, 2012

After A Decade, LeMay Car Museum Opens In Tacoma

Originally published on Mon June 4, 2012 9:10 am

Transcript

DAVID GREENE, HOST:

And for our last word in business today, we go to Tacoma, Washington, home to what is now the newest and largest automobile museum in the country. It just opened over the weekend.

David Madeira is chief executive of LeMay, America's Car Museum. Madeira says part of the museum's largest label is based on exhibition space. It has 165,000 square feet in the four-story building.

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Business
3:26 am
Mon June 4, 2012

Business News

Originally published on Mon June 4, 2012 9:10 am

Transcript

DAVID GREENE, HOST:

NPR's business news starts with some good news for Spain.

(SOUNDBITE OF MUSIC)

Economy
3:26 am
Mon June 4, 2012

EU Officials Try Keep Eurozone From Going Down The Tubes

Originally published on Mon June 4, 2012 9:10 am

Transcript

RENEE MONTAGNE, HOST:

We have just come from a week when officials of the European Union openly warned of the possible downfall of the euro. Billionaire investor George Soros has gone even further. He says the euro crisis could bring down the entire E.U. Teri Schultz reports from Brussels.

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Around the Nation
3:26 am
Mon June 4, 2012

Branson's Shows Go On Despite Tornado Damage

Originally published on Mon June 4, 2012 9:10 am

Transcript

DAVID GREENE, HOST:

The summer tourism season is what keeps Branson, Missouri thriving. Last year, Branson's live music venues helped draw more than seven million visitors. And so when a tornado tore through the city's popular strip this past February, Branson's future seemed uncertain. As Missy Shelton of member station KSMU reports, city leaders are working hard to let people know that Branson is open for business.

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Business
3:26 am
Mon June 4, 2012

Unemployment Followup

Originally published on Mon June 4, 2012 9:10 am

Transcript

RENEE MONTAGNE, HOST:

From jobseekers in Spain, we turn to those here in the U.S. The latest employment numbers revealed that there are still many more Americans looking for work than there are our jobs that need filling. The May jobs report showed the economy added an anemic 69,000 jobs - about half the number that were added in April. Yet, here's the paradox: Despite the high number of people seeking jobs, many employers insist they can't find the right person for the exact positions they have open.

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Crisis In The Housing Market
12:45 am
Mon June 4, 2012

A Waiting Game For Homeowners Trying To Sell Short

Cathy Yamauchi has been waiting since Thanksgiving to hear from her mortgage lender regarding a short sale of her home in Ramsey, Minn. She is planning to move to a townhome, but is mostly living out of boxes while waiting on the short sale.
Jennifer Simonson MPR

Originally published on Mon June 4, 2012 9:10 am

Banks are often accused of dragging their feet when a homeowner wants to sell for less than the balance on the mortgage. A lot of those "short sales" might be better dubbed "really long and drawn out" sales. New federal guidelines, though, could now push lenders to approve short sales faster.

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Analysis
4:31 pm
Sat June 2, 2012

Week In News: Jobs And The Campaign Trail

With the unemployment rate climbing to 8.2 percent, the Mitt Romney presidential campaign can focus on the economy as issue No. 1 this November. Host Guy Raz speaks with news analyst James Fallows of The Atlantic about the economic malaise and how it may affect the election.

Economy
3:05 pm
Sat June 2, 2012

New Jobs Can't Keep Up With Population Growth

Among the more than 12 million Americans out of work, almost half have been out of work for more than six months. In its latest issue, Bloomberg Businessweek magazine profiles 12 people among these long-term unemployed who have managed to get back into the workforce. Host Guy Raz talks with Josh Green, senior national correspondent with Bloomberg Businessweek.

The Salt
3:05 pm
Sat June 2, 2012

Tired Of Mowing Your Lawn? Try Foodscaping It Instead

The lawn of Nashville yoga instructor James Alvarez is being taken over by buckwheat.
Blake Farmer Nashville Public Radio

Originally published on Sat June 2, 2012 8:14 pm

When the economy began its steep decline in 2008, almost everything related to housing hit the skids, including the lawn and garden industry. But one sector escaped the pinch: food gardening.

In fact, food gardening sales nationwide have spiked 20 percent since then, and they've stayed there. While many households started growing food to be more budget-conscious, some are deciding vegetables and fruits can be beautiful, too.

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Economy
5:55 am
Sat June 2, 2012

Europe's Debt Weighs On U.S. Employers

Originally published on Sat June 2, 2012 9:01 am

Transcript

SCOTT SIMON, HOST:

So, why is job growth slowing? Well, part of the problem, as we just heard, appears to be in Europe. The economic turmoil there is looking worse, and that has ripped into the U.S. economy and slowing down hiring. NPR's Chris Arnold has more from Boston.

CHRIS ARNOLD, BYLINE: The weather this week was beautiful in Boston, so it's perfect for tourists having lunch outside by the harbor or taking a trolley bus around to do some sightseeing.

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Business
5:55 am
Sat June 2, 2012

Implications Of The Facebook Let-Down

Originally published on Sat June 2, 2012 9:01 am

Transcript

SCOTT SIMON, HOST:

You know, if Facebook were a Broadway show, they'd be firing the director and rewriting the script. Facebook share price closed this week at $27.72. That's more than a 25 percent drop from its initial public offering price. The social networks debut as a publically traded company last month has been panned, questioned and trouble by a Securities and Exchange Commission probe and shareholder lawsuits.

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Economy
3:24 pm
Fri June 1, 2012

New U.S. Jobs Report Sends Dow Sliding

Originally published on Fri June 1, 2012 4:13 pm

The government's monthly employment report Friday morning was a big disappointment. The economy added just 69,000 jobs in May and the unemployment rate ticked up a notch to 8.2 percent. The stock market also reacted negatively to the news.

Business
3:20 pm
Fri June 1, 2012

No Beer Goggles For Baseball Stadium Brew Prices

A fan of the St. Louis Cardinals buys a beer from a vendor prior to Game 3 of the World Series against the Detroit Tigers at Busch Stadium in 2006. At 56 cents an ounce, St. Louis is second only to Boston for the priciest ballpark brew in the country.
Jamie Squire Getty Images

Originally published on Fri June 1, 2012 4:13 pm

Change has been the story of the season for the Miami Marlins, formerly the Florida Marlins. With a new coach, a new name, new team colors and a new stadium the baseball team set a franchise record for winning games in May.

But one tradition isn't changing anytime soon: beer. Ordering a beer at a baseball game is as American as apple pie. So is forking over a small fortune for that beer.

According to an analysis by TheStreet.com, the most expensive beer of any baseball stadium is sold at the new Marlins Park, where baseball fans pay $8 for a Bud Light draft.

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Politics
3:20 pm
Fri June 1, 2012

Poor May Jobs Report A Blow To Obama Campaign

Originally published on Fri June 1, 2012 4:13 pm

Bad numbers for job growth in May spoiled a day of campaigning for President Obama. He says the ailing Eurozone and gas prices have also hurt the U.S.

World
2:50 pm
Fri June 1, 2012

Struggling U.S. Economy Drags Down The World

Slow economic growth in the U.S. is having an impact on many countries around the world. Here, people walk past a board flashing the Nikkei index on the Tokyo Stock Exchange in Japan last month.
Toru Yamanaka AFP/Getty Images

Originally published on Fri June 1, 2012 3:38 pm

The sputtering U.S. economy isn't just bad news for America, it's a drag on the global economic outlook as well.

"What matters to the rest of the world is the amount of demand the United States is going to generate," says economist Eswar Prasad, a professor of trade policy at Cornell.

"Weak job growth translates to weak domestic demand in the U.S., and that concerns all of the U.S.'s major trading partners," he says.

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The Two-Way
12:32 pm
Fri June 1, 2012

For New Jersey Shoppers, No More Sales Tax Holiday On Amazon

An Amazon worker grabs boxes off a conveyor belt in Nevada, one of a handful of states in which the online retailer collects sales tax.
Scott Sady AP

Originally published on Fri June 1, 2012 1:51 pm

It might seem counterintuitive that Amazon is doing a deal with New Jersey to build two distribution centers in exchange for collecting sales tax on purchases made in the Garden State starting July 1, 2013.

After all, the free lunch enjoyed by many consumers as they shop tax-free online is one of the huge draws, right?

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The Two-Way
11:28 am
Fri June 1, 2012

Obama, Romney Have Sharply Different Takes On Weak Jobs News

Earlier, Republican presidential candidate Mitt Romney blamed what he said have been President Obama's "failed" economic policies for the nation's stubbornly high unemployment rate and weak job growth.

In Minnesota this hour, President Obama conceded "we've got a lot of work to do before we get to where we need to be," but also claimed credit for policies that he said prevented another Great Depression after the financial crisis of 2008.

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Opinion
9:39 am
Fri June 1, 2012

New Republic: Your Taxes At Work, Wall Street Style

A financial news stock ticker on Morgan Stanley headquarters carries a headline about Facebook. Morgan Stanley has had multiple problems in recent weeks.
Mark Lennihan AP

Noam Scheiber is a senior editor at The New Republic, where he writes about politics and Obama administration economic policy.

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Business
9:07 am
Fri June 1, 2012

Employment Growth Slows As Jobless Benefits Shrink

Aaron Moore completes a job application at a Los Angeles career fair on Thursday. Job growth has slowed sharply since the winter, the government said Friday.
Kevork Djansezian Getty Images

Originally published on Fri June 1, 2012 4:14 pm

May's higher unemployment rate and meager job creation couldn't have come at a worse time for people like Julia Gray. A Chicago-based writer and editor with a master's degree, Gray said she has been unemployed for 17 months. "The media world in Chicago is dead and deader," she said.

"I was collecting unemployment benefits for a while," she said. "It helped a great deal — it was incredibly important."

But now her benefits have run out, and her employment search goes on.

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Planet Money
8:08 am
Fri June 1, 2012

Three Years Of An Awful Recovery

Lam Thuy Vo / NPR

Originally published on Mon June 4, 2012 10:25 am

The recession ended and the recovery began in June, 2009. It's an ugly third birthday for the labor market

More than 7 million U.S. jobs disappeared during the recession. Fewer than 3 million have been added in the recovery. And the rate of job growth has been falling lately; in May, the economy added just 69,000 jobs. That's not even enough to keep up with population growth.

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The Two-Way
7:33 am
Fri June 1, 2012

Stocks Drop On Weak Jobs News

Originally published on Fri June 1, 2012 2:57 pm

Stock prices fell on Wall Street today as investors digested the much-weaker-than-expected report on job growth in May.

The damage? The Dow plunged 274 points or 2.2 percent. The Nasdaq fell 80 points or 2.82 percent.

CNN Money reports the Dow had the worst day of 2012, erasing "all its gains for the year."

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Economy
7:10 am
Fri June 1, 2012

Graphics: Tracking U.S. Monthly Unemployment

NPR

Originally published on Fri October 5, 2012 8:44 am

U.S. employers added 114,000 jobs in September, the Labor Department reports. And the unemployment rate fell to 7.8 percent, marking the first time since President Obama took the oath of office in January 2009 that the U.S. jobless rate is under 8 percent.

Copyright 2012 National Public Radio. To see more, visit http://www.npr.org/.

The Two-Way
6:43 am
Fri June 1, 2012

Unemployment Rate Rises To 8.2 Percent In May; Just 69,000 Jobs Added

Originally published on Fri June 1, 2012 11:31 am

Horrid. Lousy. Awful.

Those are just three of the words economists are using to describe the news that just 69,000 net jobs were added to public and private payrolls last month — and that the nation's jobless rate edged up to 8.2 percent from April's 8.1 percent.

The news has raised fears that the hoped-for strengthening of the economy may not materialize.

We posted on the news and followed with details from the report and reaction to it. It's now 11:22 am. ET, here's our original post and earlier updates:

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The Two-Way
5:21 am
Fri June 1, 2012

Mine Safety Questions Linger, One Year After Takeover Of Massey Energy

Originally published on Fri June 1, 2012 6:05 am

One year ago today, Alpha Natural Resources officially absorbed the troubled coal mining company Massey Energy, which had one of the worst safety records in the industry.

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The Two-Way
5:09 am
Fri June 1, 2012

Did Jobs Grow Fast Enough In May? Probably Not

Hoping for work: Job seekrs lined up Thursday at a job fair in Los Angeles.
Kevork Djansezian Getty Images

Originally published on Fri June 1, 2012 6:35 am

Breaking news at 8:34 a.m. ET: "Unemployment Rate 8.2 Percent In May As Just 69,000 Jobs Added

Our original post:

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Around the Nation
3:29 am
Fri June 1, 2012

Komen Donations Down After Planned Parenthood Dispute

Originally published on Fri June 1, 2012 7:04 am

Transcript

DAVID GREENE, HOST:

The Susan G. Komen Global Race for the Cure takes place tomorrow here in the nation's capital. It's one of the breast cancer charity's biggest fundraisers. But this year, participation is way down. That follows Komen's controversial decision in February to stop funding Planned Parenthood programs. The decision was quickly reversed, but Komen's supporters worry about the long-term impact, as NPR's Pam Fessler reports.

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