Business

RSS Feed
NPR

China's Leaders Beginning To Confront Its Economic Problems

Last week was a wild one for China's economy. Overnight borrowing rates spiked, lending between banks began to freeze up and the Shanghai stock market took a nose-dive. Things have calmed down since then, but the underlying problems that triggered the panic remain. Among them, the explosive growth of the country's so-called shadow banking sector.
NPR

In Phoenix, 'Zombie' Subdivisions Rise From The Dead

During the Great Recession, whole neighborhoods in Phoenix were left half-built or mostly vacant. But now developers are buying these lots to keep up with the high demand for housing. The market isn't where it should be, but it's better than it was two years ago, one real estate agent says.
NPR

Student Loan Rates Set To Double On July 1

The interest rate on government-backed student loans is going to double on Monday. Policymakers in Washington could not agree on a plan to keep it from happening. If they don't agree on a plan soon, 7 million students expected to take out new Stafford loans could be stuck with a much bigger bill.
NPR

Economists Have A One-Page Solution To Climate Change

Tax fossil fuels in proportion to the amount of carbon they release. That's it; that's the whole plan.
NPR

Ireland Slumps Back Into Recession, As Exports Fall

A report issued Thursday by Ireland's Central Statistics Office found that its GDP had fallen by 0.6 percent. The same report also included newly revised figures for recent quarters. As a result, the negative GDP numbers in two or more quarters satisfies the definition of a recession.
NPR

Regulators File Charges Against Corzine Over MF Global Debacle

The Commodity Futures Trading Commission says Jon Corzine failed to keep money that belonged to the brokerage's customers from unlawfully being used to cover MF Global's obligations.
NPR

What The Rise Of Cage-Free Eggs Means For Chickens

Promises from big food companies to switch to "cage-free" eggs have set off a supply chain reaction among egg producers. Some producers are adding more cage-free houses to their operations. But scientists are still trying to measure whether cage-free chickens are really better off.
NPR

In Symbolic Move, U.S. Cuts Trade Privileges For Bangladesh

The immediate practical impact of the U.S. decision on the country's garment industry is expected to be minimal. But it could affect the EU's thinking on more wide-ranging trade benefits.
NPR

Employers In New York City To Be Required To Pay Sick Leave

New York City became the most populous place in the United States to require businesses to give employees paid sick leave. Mayor Michael Bloomberg had previously vetoed this requirement, but has now been overruled by the City Council.
NPR

Delta Airlines Fined For The Way It Bumps Passengers

Like most airlines, Delta overbooks its flights. The Department of Transportation fined Delta $750,00 for violating rules on overbooking — specifically for complaints that it bumped passengers without first asking for volunteers, and also failed to offer compensation for those who got bumped.

Pages