The Federal Reserve must ensure the U.S. job market is in full health before it begins to ease its aggressive bond-purchasing program, its top officials said at the Fed's latest policy meeting. This afternoon, the central bank released the minutes of the Federal Open Market Committee meeting of June 18 and 19.
In that session, the officials cited a moderate pace of economic expansion, but said it was coupled with an unemployment rate that remains high.
Americans will get the same ham slabs and bacon slices they have enjoyed for generations, even after Smithfield Foods becomes a Chinese subsidiary, Smithfield CEO Larry Pope told Congress on Wednesday.
Utah's oldest Internet service provider, XMission, has refused to give up customer information to law enforcement, reports The Salt Lake Tribune.Specifically, the company says it won't comply with administrative subpoenas.
NPR's business news begins with China's grim trade outlook.
(SOUNDBITE OF MUSIC)
GREENE: Numbers from the month of June offered more evidence that the world's second-biggest economy might be losing steam. Exports from China fell by more than 3 percent from a year earlier. Imports were down, as well, by almost a percent.
Egypt's political future will largely depend on its economy, and its economic future will largely depend on help from other countries. To talk more about this, we reached Mohsin Khan. He's a senior fellow at the Rafik Hariri Center on the Middle East at the Atlantic Council. He's also the former Director of the Middle East Department at the International Monetary Fund. Good morning.
MOHSIN KHAN: Good morning.
MONTAGNE: What are Egypt's most immediate economic needs?
Investigators are continuing to examine the training and experience of the cockpit crew of the Asiana flight that crashed Saturday in San Francisco. The pilot at the controls had nearly 10,000 hours of experience flying large jets, but only 43 hours in that particular plane, a Boeing 777. Saturday was also the pilot's first 777 landing at San Francisco International.
Pilots transition from flying one airplane model to another all the time; it's a regular part of the job as airlines add new aircraft and pilots fly new routes or get promotions to piloting bigger jets.
From NPR News, this is ALL THINGS CONSIDERED. I'm Robert Siegel.
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And I'm Audie Cornish.
On Wall Street, many things are bought and sold, including, occasionally, interest rates. That happened today. The owner of the New York Stock Exchange bought LIBOR, a hugely influential benchmark rate that is set in London. LIBOR is used to set many other interest rates, from credit cards to derivatives contracts.
And now for our regular primer on global economics, no student loan required. Remember the European economic crisis? Just months ago, there was near panic that the euro zone would collapse, bringing down with it the entire international economy, again. So, how is Europe doing now and what is the overall state of the global economy? Well, one place economists look for answers to those questions is in the exchange rate between dollars and euros.
In a merger of grocery chains, Kroger Co. is buying Harris Teeter Supermarkets Inc., the companies announced Tuesday. The move expands the reach of Kroger, already the nation's largest grocery chain, into the Mid-Atlantic region. The buyout values Harris Teeter at $49.38 per share, a premium of more than 33 percent over its share price earlier this year.
When it comes to sensitive health information, government-run websites appear to do a better job protecting your privacy than many news and commercial sites.
A brief survey published online by JAMA Internal Medicine looked at how 20 health-related websites track visitors. They ranged from the sites of the National Institutes of Health to the health news section of The New York Times online.
Britain's latest royal may arrive this weekend. Advertising Age reports Harrod's, the venerable British department store, is selling royal baby china. Others getting in on the action: Krispy Kreme is offering doughnuts with pink or blue filling, which color you get is a surprise â€” just like the baby's gender.
Over the next few weeks, thousands of U.S. based publicly traded corporations will be reporting their quarterly results. Within days though, judgments will start to be made on whether the economy is holding up well enough to justify stock prices that are approaching a new peak. Alcoa says it lost more money than expected during the second quarter of this year because of restructuring costs.
Lynch's exit comes just two weeks after the bookseller announced it was shelving its goal of becoming a player in the tablet business. Lynch has a tech background, and as CEO focused his attention on the Nook digital business. But the quarter that just ended showed huge losses for the digital devices.
The Last of Us is a new survival horror video game and it features â€” no big surprise â€” zombie-like creatures. But these are not the same old zombies that have dominated movie and TV screens in the past few years.
Neil Druckmann, creative director for The Last of Us, says he wanted a fresh new way to wipe out humanity â€” and he found it in a BBC documentary series called Planet Earth, which depicts the scary effects of the Cordyceps fungus.
New York City has long been considered the nation's epicenter for all things culinary. The borough of Manhattan had more than 6,000 restaurants at last count. And the city has the most three-star Michelin-starred restaurants in the country â€” closing in on Paris.
But lately, some cooks have begun to go elsewhere to make names for themselves.
Among the reasons for the culinary exodus: Chefs' obsession with local ingredients is making smaller communities a lot more appealing.
Across the Midwestern corn belt, a familiar battle has resumed, hidden in the soil. On one side are tiny, white larvae of the corn rootworm. On the other side are farmers and the insect-killing arsenal of modern agriculture.
We've been following the story of the collapse in Bangladesh of a building that housed several factories where clothes were made for Western retailers. More than 1,000 people died in that disaster in April, and the incident shed light on working conditions in Bangladesh, the world's No. 2 exporter of clothing.
On Saturday, speaking to priests-in-training and nuns, Pope Francis said a car is necessary to do a lot of work, but it shouldn't be a fancy one. He said, "Just think about how many children are dying of hunger in the world." He added that seeing priests and nuns in the latest-model cars hurts him.
International Monetary Fund chief Christine Lagarde on Sunday singled out the U.S. Congress for failing to avert across-the-board spending cuts that slow down potential for growth. She called U.S. deficit reduction in 2013 excessively rapid and ill-designed.
The documentary Gasland inspired legions of "fracktivists" to oppose natural gas drilling booms across the country. Now the film has a sequel. Gasland Part II by director Josh Fox begins airing on HBO Monday night.