Host Michel Martin talks to Loretta Tofani, who closed her furniture store after discovering poor working conditions at the Chinese factories that supplied her business. She talks about how she made her decision, and about the factory building collapse in Bangladesh.
Penny Pritzker, a Chicago business executive, is one of the nation's richest people. She raised hundreds of thousands of dollars for the president's campaigns. She also, Obama said Thursday, has "built companies from the ground up."
There were 324,000 first-time claims for unemployment insurance last week, down 18,000 from the previous week's 342,000. Numbers on April's unemployment rate and job growth are due to be released Friday.
After deadly disasters in clothing factories, labor activists are trying to persuade at least two more retailers to agree to improve working conditions in Bangladesh. Two retail giants have already signed onto a proposal that would mandate that fire and safety inspections be made public and require retailers to pay for needed factory repairs.
The Congressional Budget Office projects the deficit will drop below 4 percent of GDP next year and below 2.5 percent in 2015. Still, despite the improvement in the short run, the federal government faces long-term deficits, mostly tied to health care costs.
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