Originally published on Thu December 12, 2013 10:14 am
Already under orders from a court to partially shut down production because of concerns that spicy smells from its Irwindale, Calif., plant are irritating neighbors' eyes, noses and throats, Huy Fong Foods has now been told it can't ship its Sriracha hot sauce until at least 30 days after bottling.
Originally published on Thu December 12, 2013 8:18 am
Data such as the weekly figures on jobless claims are supposed to be "seasonally adjusted" to account for temporary factors that aren't really connected to the underlying strength or weakness of the economy.
But Thursday morning's report seems to underscore how hard it can be to make such adjustments.
Passengers told a virtual Santa what they wanted before boarding their flights. While they were in the air, secret shoppers at their destination hit the stores. The passengers arrived in Calgary to find their gifts on the baggage carousel.
The state of California owes the federal government billions of dollars — money it borrowed to fund unemployment benefits. And even as the economy and job market recover, the state is going further into the red.
Enrollment is picking up in new health insurance marketplaces. But the 365,000 who've signed up as of November 30 is a fraction of just one high-visibility group – those whose previous insurance has been cancelled because it didn't meet Affordable Care Act standards.
They're people like Doug Normington, a 58-year-old self-employed videographer in Madison, Wis., who has struggled to buy new insurance since late October.
The bank was fined $100 million Wednesday for violating the U.S. sanctions. It had given its U.K. employees step-by-step instructions on how to keep transactions from being detected for sanctions violations.
This story is part of a project on commuting in America.
Millions of commuters across the country have a new way to get around. In the last few years, bike-sharing systems have popped up from Boston to Minnesota to Washington, D.C. They're supposed to make commuting easier, greener and cheaper. But the people who arguably need these bikes the most are often the least likely to access them.
Some of the biggest ski resorts anywhere lie in U.S. Rep. Jared Polis' Colorado district, dotting the peaks of Summit and Eagle counties, about a hundred miles west of Denver. The area has a high rate of uninsured people and also, it turns out, health plans that are much more expensive than similar plans in surrounding regions. So expensive that Polis, a Democrat, has asked the federal government to exempt some of his constituents from the requirement to buy health insurance.
Ireland is about to become the first European country to emerge from an international bailout in the wake of the financial crisis. Like other European countries, Ireland has been in a period of austerity — higher taxes and more cutbacks.
The nation's technology sector has been protected, however, as Ireland makes a concerted effort to attract foreign businesses through tax incentives and development programs.
But Ireland's methods have also been criticized — locally and internationally.
In Mexico, Dec. 12 is the day to celebrate the country's most revered religious icon: the Virgin of Guadalupe.
As many as 6 million pilgrims have made their way to the Mexican capital to pay homage to the country's patron saint on Thursday, and one woman has taken her devotion of the Virgin and turned it into a multimillion-dollar company.
We recently published a story about how used clothes that get donated in the U.S. often wind up for sale in markets in Africa. As part of the story, we published some photos of used T-shirts we found in a couple of markets in Kenya.
Originally published on Wed December 11, 2013 7:38 pm
Unless Congress acts very quickly, some 1.3 million workers will lose their extended jobless benefits on Dec. 28.
Democrats were scrambling late Wednesday to link an extension of benefits to a budget deal that is expected to get a vote as soon as Thursday. But if the effort fails, they will come back at it in 2014.
"We're going to push here after the first of the year for an extension of emergency unemployment insurance when the Senate convenes after the new year," Senate Majority Leader Harry Reid, D-Nev., said on Wednesday.
Meatpacking plants used to be located in urban centers like Kansas City and Chicago. Over the past few decades, many plants have moved to rural Midwestern towns, which have seen a huge influx of immigrants as a result. Yesterday, we reported on tiny Noel, Mo., which has struggled to help assimilate the newcomers who work at a large poultry plant.
Mary Barra has broken through the glass ceiling of the auto industry to become the first female CEO of General Motors. She'll take the helm of GM in January. But Barra is actually a return to tradition in other ways: GM will be led by an insider, and an engineer, for the first time in many years.
General Motors says high costs and a small market were behind its decision to stop making cars in Australia by 2017. This is fueling fears Toyota will follow suit, effectively killing Australia's auto industry. The GM move could see up to 40,000 auto workers lose their jobs.
Senate Agriculture Committee Chairwoman Sen. Debbie Stabenow, D-Mich., and House Agriculture Committee Chairman Rep. Frank Lucas, R-Okla., during a Dec. 4 break in negotiations on the farm bill. On Tuesday, Stabenow said the bill likely won't pass Congress until January.
Originally published on Tue December 10, 2013 5:14 pm
House and Senate negotiators working to finish a farm bill say it is unlikely their work will be completed before the end of the year. The House is only in session for the rest of the week, and according to one of the negotiators, this week's snowy weather has delayed some numbers-crunching needed to figure out how much elements of a possible deal will cost.
"We're going to pass it in January," said Senate Agriculture Committee Chairwoman Debbie Stabenow, D-Mich., as she left a closed-door meeting to negotiate details of the five-year farm bill.
From NPR News, this is ALL THINGS CONSIDERED. I'm Melissa Block.
AUDIE CORNISH, HOST:
And I'm Audie Cornish.
It's been a big week for General Motors and it's only Tuesday. Yesterday, the Treasury Department sold off its remaining shares in the auto giant. That ends one of the most tumultuous periods in company history. Now, GM turns a page with a new CEO, Mary Barra.
As NPR's Sonari Glinton reports, she will become the first woman CEO of a major automaker.
For more on just how the Volcker rule will work and how it will be enforced, we're joined by Simon Johnson. He's professor at the MIT Sloan School of Management, and he's a member of the FDIC's systemic resolution advisory committee. Welcome to the program.
SIMON JOHNSON: Thanks for having me.
CORNISH: So let's talk more about proprietary trading. Give us some specific examples of this.
From NPR News, this is ALL THINGS CONSIDERED. I'm Audie Cornish.
MELISSA BLOCK, HOST:
And I'm Melissa Block.
Federal regulators today approved a tough new set of restrictions on the kinds of trading that banks can do. The so-called Volcker rule largely prohibits FDIC-protected banks from trading securities for their own financial gain. It's part of the Dodd-Frank overhaul passed three years ago.
This story comes to us from Harvest Public Media, a public radio reporting project that focuses on agriculture and food production issues.You can see more photos and hear more audio from the series here. Wednesday, we'll have a story from a meatpacking plant in Garden City, Kan., which takes a proactive stance toward its newest immigrants.
The Ivy League school has begun vaccinating nearly 6,000 students to try to stop an outbreak of type B meningitis in an unusual federal government-endorsed administration of a drug not generally approved for use in the U.S.
Originally published on Tue December 10, 2013 2:49 pm
Princeton University has started vaccinating students against type B meningitis in an effort to stop an outbreak that's infected at least eight people.
The vaccine isn't approved for general use in the United States, though it is available in Europe, Australia and Canada. But the meningitis strain that hit the New Jersey campus isn't fazed by the vaccines typically used in the U.S. The Food and Drug Administration is allowing a Novartis vaccine that's usually sold in other countries to be administered on the Princeton campus.
President Obama with Paul Volcker at the White House in 2009. Volcker, who headed the President's Economic Recovery Advisory Board, lent his name to a new rule aimed at curbing risk-taking on Wall Street.
Originally published on Tue December 10, 2013 6:33 pm
The Volcker rule, a centerpiece of the 2010 Dodd-Frank financial law aimed at stopping some of the risky banking practices that contributed to the economic meltdown, was approved by five key regulators on Tuesday, clearing the way for its implementation.
The U.S. Commodity Futures Trading Commission became the fifth and final body to approve the rule. The Federal Reserve and the Federal Deposit Insurance Corp. were also among the agencies that gave the green light.