This is TELL ME MORE from NPR News. I'm Michel Martin. It is Friday and back in the day this was payday for most people, so we thought this was as good a day as any to talk about wealth, wages and poverty. In a few minutes we will hear about how poverty seems to be affecting the health of white women in a dramatic way.
A Bangladeshi woman holds a photograph of a relative missing in the Rana Plaza building collapse, as she participates in a protest in Dhaka, Bangladesh, on Friday. Protesters demanded a minimum monthly salary of $103 and compensation for the victims and injured in the building collapse in April that killed more than 1,000 people.
Originally published on Fri September 13, 2013 9:20 am
Families and survivors of the Rana Plaza garment factory disaster in Bangladesh in April who are waiting for compensation from Western companies will have to wait a little longer.
A meeting Thursday of retailers and brands in Geneva, Switzerland, facilitated by the U.N.'s International Labor Organization, ended with only one company announcing measures for the victims: Primark said it would give the families of victims three months' salary.
Originally published on Fri September 13, 2013 8:03 am
The tech industry's sometimes sexist "brogrammer" culture came into focus at least twice this week, making it as good a time as any to highlight the running conversation about how to constructively change the systemic, entrenched issues that allow for offensive apps like Titstare, which was presented at a tech industry hackathon.
Twitter announced via Tweet Thursday that it's launching its long awaited initial public offering. It will be the most high profile IPO since Facebook went public last year. But Twitter hopes to avoid the mishaps that's marred Facebook's stock market debut.
Now, the future shape of the economy will be influenced, in part, by negotiations in Congress this month. What could possibly go wrong? If Congress doesn't act by the end of this month, there will be a partial government shutdown and then in October a fight over the debt ceiling looms. Some Republicans want to rerun a tactic they used in 2011, refusing to borrow to pay for commitments Congress previously made unless the White House agrees to Republican budget demands. NPR congressional correspondent Tamara Keith has the latest.
California is seeing its first increase in the state's minimum wage in six years - a 25 percent increase this time around. Yesterday, the state legislature voted to raise the minimum wage to $10 an hour by 2016. Governor Jerry Brown is expected to sign that bill into law.
Sunday marks the 5th anniversary of the collapse of one of the nation's leading banking institutions Lehman Brothers. The failure of the bank triggered a global financial crisis and led to the deepest recession in decades. Renee Montagne talks to David Wessel, economics editor of The Wall Street Journal.
Originally published on Thu September 12, 2013 11:33 am
While most of us were distracted waiting for a gold iPhone — gold! — the billionaire industrialist Koch brothers quietly made a deal to acquire an electronics company for $7.2 billion. The company they bought? Molex.
Originally published on Thu September 12, 2013 12:25 pm
Washington, D.C., Mayor Vincent Gray has vetoed a controversial "living wage" bill that would have forced large retailers such as Wal-Mart to pay a 50 percent premium on the district's $8.25 per hour minimum wage.
Originally published on Thu September 12, 2013 10:44 am
Dell Inc. shareholders, as expected, have approved founder Michael Dell's $25 billion offer to take the company private, ending a protracted battle that saw billionaire investor Carl Icahn mount his own takeover bid for the computer maker.
The world's largest paper producer says it's closing a mill in Alabama that employs 1,100 people. International Paper Company blames the closure in the town of Courtland on a decline in the demand for paper. Stan Ingold of Alabama Public Radio reports.
STAN INGOLD, BYLINE: The small town of Courtland, Alabama is reeling after the announcement by Memphis-based International Paper to close their mill. Diane Scanland is the executive director of the Lawrence County Chamber of Commerce.
British officials unveiled plans Thursday morning to sell the majority of its centuries old postal service. It's the largest privatization of a government service the country has seen in decades. The public offering of the world's oldest postal service would take place in the coming weeks.
Victor Willis has finally won a share of the income from his most famous song. The New York Times reports Willis, you know him as the police officer, has emerged from six years of legal wrestling with a new copyright in hand. The victory gives him substantial control over "YMCA" and 32 other Village People tunes.
Originally published on Thu September 12, 2013 4:09 am
A federal judge in San Francisco on Thursday hears arguments over a radical plan to stem the foreclosure crisis. The City of Richmond is proposing to buy underwater mortgages in order to help keep local residents in their homes. If banks don't want to sell those mortgages, the city says it is prepared to invoke eminent domain to seize the mortgages.
There is, of course, a lot of attention being paid about what's happening in Richmond because millions of other American homeowners around the country are also underwater - again, homes that are worth less than their mortgages. We're joined now by NPR correspondent Chris Arnold, who's been following all of this. Good morning.
CHRIS ARNOLD, BYLINE: Good morning, Renee.
MONTAGNE: How many homeowners are still underwater? I gather with the housing market coming back, this is changing - for the better.
Economist Tyler Cowen believes that income inequality in America is only increasing. His new book is called Average Is Over: Powering America Beyond the Age of the Great Stagnation.
Credit Stephen Gosling / Courtesy Dutton Adult
Tyler Cowen is a professor of economics at George Mason University. He is also the author of The Great Stagnation, An Economist Gets Lunch, Good and Plenty and Create Your Own Economy. He blogs at Marginal Revolution.
Economist Tyler Cowen has some advice for what to do about America's income inequality: Get used to it. In his latest book, Average Is Over, Cowen lays out his prediction for where the U.S. economy is heading, like it or not:
"I think we'll see a thinning out of the middle class," he tells NPR's Steve Inskeep. "We'll see a lot of individuals rising up to much greater wealth. And we'll also see more individuals clustering in a kind of lower-middle class existence."
Celebrity editor Tina Brown announced Wednesday that she's leaving The Daily Beast to launch her own media company. She has been a regular guest on Morning Edition. Brown, 59, plans to produce live forums on news topics.
Brown has edited some of the most prestigious publications: Vanity Fair, The New Yorker and Tattler. Five years ago, she helped found The Daily Beast — a news and opinion website. Now, the editor-in-chief says she's leaving to do what she calls "theatrical journalism" before live audiences.
Jamesport has the largest Amish community in Missouri, and horse-pulled buggies are often parked alongside cars. Horse owners in the state are divided over whether to allow horses to be killed for meat in the U.S.
Credit Frank Morris for NPR
Dave Rains owns a would-be horse processing plant near Jamesport, Mo., but a lawsuit has prevented him from getting his business running.
Sept. 15 is the anniversary of collapse of Lehman Brothers, which many see as a watershed moment in the financial crisis. We look back at a time when fear and uncertainty gripped financial markets and policymakers around the world and drove the world economy into the Great Recession.
Wall Street is buzzing about Verizon today. The telecommunications giant carried out the biggest sale in the history of the bond market, $49 billion worth of corporate bonds. Verizon will use the money to finance its recent mega deal with Vodafone.
As NPR's Jim Zarroli reports, the sale comes at a time when interest rates are rising. And companies that want to raise money can't afford to lose any time.