Reports show that Latinos are plugged into social media, but does this mean they are turning from traditional media? Host Michel Martin speaks with Viviana Hurtado, founder of The Wise Latina Club, and entrepreneur Fernando Espuelas about how social media is helping to empower Latinos.
One word: oversupply. Too many ships were built before the 2008 global economic crisis. This drove down shipping rates, forcing the industry to scale back. The effects are still being felt. This week, a Finnish shipbuilder said it would close a yard that employed 700 workers.
Consumer prices rose just 0.1 percent in August and were up only 1.5 percent from a year earlier. The report seems to fit with the notion that the Federal Reserve has accomplished its objective: Give the economy enough of a lift to keep it moving, but not so much that inflation takes off.
Many economic analysts expect the Federal Reserve to announce the first reduction in its stimulus program on Wednesday. The Fed has been pumping money into the financial system by purchasing U.S. government bonds and mortgage-backed-securities.
Five years after the collapse of Lehman Brothers, President Obama is touting an economic comeback. But he says the country still has a long way to go to restore prosperity for the middle class. He warned Republicans in Congress not to impede the recovery by staging another showdown over the debt ceiling.
The Japanese company Sanrio has licensed the pudgy face cartoon cat to a Taiwanese beverage maker which is selling fruit-flavored beer in China and Taiwan. Sanrio dismissed claims that the beer is being pitched to underage consumers.
The fine is reportedly said to be at least $700 million for what authorities say were massive derivative bets made without adequate risk controls in place. The case became known as the "London Whale" owing to the size of the trades made.
Farmers say they need to produce food as efficiently as possible in order to feed the world. It's high-tech agriculture's claim to the moral high ground in the debate over how best to grow food. But is it true?
For online insurance brokers, selling health insurance through the Affordable Care Act presents a new opportunity — and a new competitor. It's unclear who will come out ahead: the businesses, with more experience, or the feds, who won't charge commissions.
Each summer, the rice farmers of Narita, Japan, gather to pray for bountiful harvests with dancing, music and elaborate festival carts. This year, some farmers feel their way of life is under threat from a major trade agreement.
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