This is ALL THINGS CONSIDERED from NPR News. I'm Melissa Block.
ROBERT SIEGEL, HOST:
And I'm Robert Siegel. The unemployment rate hit a five-year low in November. That's according to the government's latest monthly jobs report. The other headline, the economy beat expectations adding more than 200,000 jobs. NPR's John Ydstie has more on what that says about the health of the economy and about whether the Federal Reserve might dial back its stimulus efforts.
Originally published on Fri December 6, 2013 3:35 pm
When big food corporations try to horn in on Twitter conversations about TV shows and other pop culture fare, it usually doesn't work.
Remember when McDonald's tried to engage customers with the hashtag #mcdstories, only to have it turn into a way to share horror-story experiences at the fast food chain? Or when Snickers got busted for paying celebrities to tweet about its brand?
An "enchanting harmony of fuchsia, purple and pink undertones" known as Radiant Orchid is Pantone's Color of the Year for 2014, unseating the more verdantly inclined Emerald that dominated the previous 12 months.
Pantone Color Institute, which describes itself as a global authority on color, describes its latest pick as "a captivating, magical, enigmatic purple" whose "rosy undertones radiate on the skin, producing a healthy glow when worn by both men and women."
Originally published on Tue December 10, 2013 7:09 am
If you want to eat a more healthful diet, you're going to have to shell out more cash, right? (After all, Whole Foods didn't get the nickname "Whole Paycheck" for nothing.)
But until recently, that widely held bit of conventional wisdom hadn't really been assessed in a rigorous, systematic way, says Dr. Dariush Mozaffarian, a cardiologist and epidemiologist at the Harvard School of Public Health.
Originally published on Fri December 6, 2013 10:36 am
This week, our friends at NPR's Tell Me More turned the spotlight on black leaders in the tech industry — a demographic that's underrepresented in the field, as Gene Demby explored when covering coders of color. The conversation continues on Twitter through Dec. 20, where tech thinkers will live-tweet their days and answer questions about the field.
An employee rides a motorcycle to deliver Domino's pizzas in New Delhi this past May. Domino's Pizza CEO J. Patrick Doyle says India is poised to become the chain's largest market outside the U.S., on the strength of a menu tailored to Indians' tastes.
Credit Anindito Mukherjee / Reuters/Landov
An image from the Domino's Pizza India website shows its Taco Indiana, one of several menu items that were created to appeal to Indian consumers.
Originally published on Fri December 6, 2013 11:40 am
In recent years, Domino's Pizza has rapidly expanded overseas — helping it open stores at a faster clip than Starbucks or Dunkin' Donuts, according to Forbes. Part of that growth is in India, which company CEO J. Patrick Doyle says is poised to supplant Britain as the chain's largest market outside the U.S.
And today's last word in business is: Madiba Shirts.
We've been remembering this morning that many impacts that Nelson Mandela had on the world in politics and race and reconciliation. He died yesterday in South Africa at the age of 95. But we cannot leave without mentioning his impact on fashion.
And Brazil's state oil company, Petrobras, lost 15 percent of its market value this week - that's some $10 billion. NPR's Lourdes Garcia-Navarro reports from Sao Paulo on why oil analysts predict more trouble ahead for the oil giant.
The Labor Department on Friday said the nation's unemployment rate fell to 7 percent, a five-year low, as U.S. employers added 203,000 jobs to payrolls in November. In October, the unemployment rate was 7.3 percent.
NPR's Planet Money team is manufacturing its own T-shirt. After the women's shirt was assembled in Colombia, they voyaged by container ship to Miami. The container, a big standardized box that moves easily from truck to ship to train, is the unsung hero of the global economy. It was invented in the 1950s and dramatically reduced shipping costs, ushering in a new era vastly different than the world retired stevedores remember.
Workers rallied in 100 cities on Thursday to raise awareness for increasing pressure to raise wages. The push comes as 19 cities and states already raised minimum wages. A report from Berkeley economists finds the low-wage fast food jobs are costing taxpayer billions of dollars in public assistance — everything from food stamps to Medicaid.
Sen. Elizabeth Warren, D- Mass., listens to testimony during a Banking Committee hearing on Nov. 12. In a Senate floor speech on Social Security last month, Warren said, "With some modest adjustments, we can keep the system solvent for many more years, and we could even increase benefits."
For the past three years, there's been a shortfall in the payroll taxes collected for Social Security. And as more baby boomers join the ranks of the 57 million people already receiving benefits, that deficit is bound to keep growing.
At the same time, the overall share of wages being taxed for Social Security is shrinking as the higher wages that are exempt have soared. The Social Security Board of Trustees predicts a nearly $3 trillion trust fund built up over decades will vanish within 20 years.
A rendering of the world's largest vessel, the Shell Prelude, which comes in at just over 1,600 feet. It has just left its dry dock in South Korea, where it is being built. It will eventually head toward Australia, where it will be anchored off the coast and used as a liquefied natural gas facility.
The new 2015 Ford Mustang was unveiled Thursday. The car's new design includes features that are geared toward global markets.
Credit Andrew Burton / Getty Images
Seen here is a new 1976 Ford Mustang, part of the second generation of Mustangs that lasted from 1974 to 1978.
Reporters look over the limited edition 1993 Ford Mustang Cobra after its unveiling Feb. 6, 1992, in Chicago. This was part of the third generation of Mustangs that were produced from 1979 to 1993.
Credit John Swart / AP
The 2002 Ford Mustang GT Convertible is shown in a handout photo from the Ford Motor Co. in Dearborn, Mich. The fourth generation of Mustangs lasted from 1994 to 2004.
The 2010 Ford Mustang, part of the fifth generation of Mustangs lasting from 2005 to 2014.
Credit Sam Varnhagen / AP
Ford introduced the Mustang, billed as a "low-priced, four-passenger sports car" in April 1964. Its sporty look and peppy performances gave it strong appeal to youthful car buyers. The first generation of Mustangs lasted until 1973.
Originally published on Thu December 5, 2013 10:19 am
Ford unveiled its new Mustang on Thursday, in a splashy event that was undermined a bit by leaked photos that showed the new model's design. And the Mustang will be sold around the globe for the first time since the car was introduced nearly 50 years ago.
From Michigan Radio, Tracy Samilton filed this report for our Newscast unit:
Originally published on Thu December 5, 2013 10:03 am
China says banks in the country are no longer allowed to trade in Bitcoin, the digital currency whose value has sharply risen this year. Chinese citizens, however, are not forbidden from using the currency.
The Bitcoin exchange rate took a hit following Thursday's news from China's central bank.
From Shanghai, NPR's Frank Langfitt filed this report for our Newscast unit:
Originally published on Thu December 5, 2013 9:23 am
The U.S. economy grew at an annual rate of 3.6 percent in the third quarter, according to data released Thursday by the Bureau of Economic Analysis. That's a rise from the second quarter, when the real gross domestic product tallied a 2.5 percent gain.
The pace of growth is the fastest since the first quarter of 2012, which clocked in at 3.7 percent.
Thursday's release is the "second" estimate for the third quarter, following up on data released in November that put the GDP's increase at 2.8 percent.
Let's take a closer look at people working for much less than $15 an hour. For one week this fall, writer Gabriel Thompson did temp work in a busy warehouse in Southern California's Inland Empire region, which he describes as the belly of the online shopping beast. The warehouse where he packed merchandise for 9 bucks an hour is owned by Ingram Micro, the world's largest technology distributor.
A payday loan is a costly form of credit operating on the fringes of the economy. That's why the target of a new crackdown by federal regulators may surprise you: Instead of a forlorn-looking storefront with a garish neon sign, it's your familiar neighborhood bank.
A small but growing number of banks, including some major players, have been offering the equivalent of payday loans, calling them "deposit advances."
That is, at least, until bank regulators stepped in Nov. 21 and put new restrictions on the loans.
It's MORNING EDITION, from NPR News. Good morning. I'm Renee Montagne.
STEVE INSKEEP, HOST:
And I'm Steve Inskeep.
Protests are planned at fast-food chain restaurants 100 American cities today. Unions are staging these protests as part of a campaign to press the industry to pay more than the minimum wage. In fact, organizers are calling for $15 per hour. In some cases, that would double the pay that workers get now, and the industry appears unlikely to do that voluntarily.
NPR's business news starts with an Asian breakthrough for Apple.
(SOUNDBITE OF MUSIC)
INSKEEP: Wireless phone carrier China Mobile has signed a deal with Apple to offer iPhones on its network. According to The Wall Street Journal, the deal would give Apple access to China Mobile's many subscribers - around 700 million of them. That's about seven times more subscribers than Verizon - which is the largest mobile carrier in the United States.
It is freezing here in Southern California. Overnight, temperatures plunged into the 20s and that cold front is threatening citrus and avocado orchards through Central and Southern California. Citrus alone is a $20 billion industry here. So growers are scrambling to protect their crops.
We reached one of them - Jim Churchill - who grows Pixie tangerines in the Ojai valley north of Los Angeles. He was spending the night in his orchard. And Jim Churchill, good morning. And this is probably the first of a few nights, right?
Wal-Mart opened its first two stores in Washington, D.C. yesterday, earning cheers from the district's mayor and some residents who say they'll be happy to shop in the city and not in the suburbs. But there have been months of debate over the wages the big box store pays its employees. Some activists and lawmakers say Wal-Mart does not pay workers enough to live on.
Originally published on Wed December 4, 2013 5:27 pm
MSNBC host Martin Bashir has resigned from the network following controversial remarks he made about former Alaska Gov. Sarah Palin.
Some three weeks ago, Bashir referred to Palin as a "world-class idiot" for suggesting that U.S. indebtedness to China was akin to slavery. The television host quoted from plantation owner Thomas Thistlewood's diary describing a punishment for slaves that involved having others defecate in their mouths.
A train leaves the Rangeland Energy company's crude oil loading terminal near Epping, N.D. So far this year, 60 percent of all oil produced in North Dakota left the state by rail. One economist says there aren't enough oil tankers to fill the demand.
The oil boom in the United States is creating another boom — for the railroad industry.
So far this year, in North Dakota alone, 140 million barrels of oil have left on trains. Shipments of crude oil by rail are up almost 50 percent over last year — and this upward trend is expected to continue.
A visit to the world-famous Tehachapi Loop, part of a winding mountain pass in Southern California, demonstrates the scale and reach of the oil boom in the middle of the country. As a train full of oil tanker cars rumbles past, it's hard not to think of it as a pipeline on wheels.
The Planet Money men's T-shirt was made in Bangladesh, by workers who make about $3 a day, with overtime. The Planet Money women's T-shirt was made in Colombia, by workers who make roughly $13 a day, without overtime.
The wages in both places are remarkably low by U.S. standards. But the gap between them is huge. Workers in Colombia make more than four times what their counterparts make in Bangladesh. In our reporting, we saw that the workers in Colombia have a much higher standard of living than the workers in Bangladesh.