This is ALL THINGS CONSIDERED from NPR News. I'm Melissa Block.
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And I'm Audie Cornish. In recent years, high speed computers have drastically altered the way the stock market operates. What's called high frequency trading has been getting renewed attention thanks to "Flash Boys," the latest book from Michael Lewis. In that book, he argues the changes have created a lot of new problems.
U.S. airlines got their highest ratings in more than 20 years in 2013, according to an annual survey, but customers were still not satisfied with the frequency of flight delays and lost or damaged bags.
It's not an exaggeration to say most of America's financial sector is run by men. In the securities and investment banking industries, men hold more than 80 percent of executive positions. And women hold only 17 percent of the board seats on Fortune 500 companies.
Sallie Krawcheck bucked the odds.
As former president of global wealth and investment management for Bank of America, she oversaw more than $2 trillion in assets. But corporate turnovers and personnel changes got her unceremoniously pushed out.
In Humboldt County, radio stations broadcast gardening ads geared toward the Emerald Triangle's most lucrative — but still federally illegal — industry: marijuana. NPR's Kelly McEvers speaks with broadcast lawyer Harry Cole about the legality of advertising pot and related growing products.
Originally published on Tue April 22, 2014 2:31 pm
When Kristine Leighton graduated from a private college five years ago with a degree in hospitality, she owed $75,000 in student loans. Each month, she paid the minimum amount of $450 and lived at home with her parents on Long Island, N.Y.
Jamika lives in a two-story apartment complex surrounded by a 10-foot-high security gate in San Bernardino, Calif. The yellow paint on the buildings' outside walls is peeling.
She doesn't want to use her full name. She doesn't want too many people to know about her situation.
Jamika and her siblings had to leave the house her family was renting in South Central L.A. when the property went into foreclosure. With money so tight, Jamika moved to San Bernardino, along with three of her siblings.
France's ban keeping stores from being open late at night does not run afoul of the country's constitution, a top court has ruled. Cosmetics retailer Sephora had hoped to keep its flagship Paris store open until midnight. Instead, the shop must observe the traditional closing time of 9 p.m., according to the ruling.
McDonald's, citing the "evolving situation" in Crimea, said Friday it was closing its three restaurants on the Black Sea peninsula, but the move has prompted one prominent Moscow politician to call for the fast-food giant to be booted from all of Russia.
"Due to operational reasons beyond our control, McDonald's has taken the decision to temporarily close our three restaurants in Simferopol, Sevastopol and Yalta," a spokeswoman said.
As winter loosens its grip, employers are taking on more help.
Hotels, bars and restaurants added 33,000 workers, while retailers tacked on 21,000 jobs in March, the Labor Department said Friday. Economists say those increases suggest employers are growing more confident that Americans will be spending more this year.
There's a small frame hanging on the wall near the computer Josie Maisano uses to search for work. Inside there's a picture of her at this year's State of the Union address and a blue ribbon that Democrats wore that night to highlight the plight of people like Maisano, whose unemployment benefits stopped at the end of December.
"Oh, my God. It was just a once-in-a-lifetime experience," says Maisano. "Listening to President Obama, it was just very, very heartwarming."
The Mozilla controversy that played out over the past two weeks bursts with ironies. And this one is perhaps the most prominent: The free speech that Mozilla co-founder Brendan Eich spent his life's work defending and enabling — and an open-Web revolution Eich helped lead — drove his unseating. It raises questions about how a company leader's personal convictions should be judged.
The recent oil and natural gas boom in the U.S. is paying major dividends for Washington's geopolitical clout. Thanks to hydraulic fracturing, the U.S. is awash in domestic energy, which is having a ripple effect globally.
If you want to gauge one effect of this newfound energy wealth, you don't have to look any further than the current crisis between Russia and Ukraine, says Michael Levi, a senior fellow for energy and the environment at the Council on Foreign Relations.
Can food revitalize an ailing neighborhood? In Dallas, global flavors seem to be playing a pretty big part in one area's transformation.
For decades, West Dallas was a ramshackle place: a Superfund site with a cement plant, some crime-ridden warehouses and a modest Latino neighborhood known as La Bajada across a potholed two-lane bridge from the glittery downtown.
Originally published on Thu April 10, 2014 6:18 am
Behind all of the mass-produced food that's churned out by fast-food restaurants and cafeterias is a hidden army of workers: professional taste testers, or "sensory panelists." Their job is to evaluate every aspect of a food product — from the texture to the spice combination to the salt levels — before it hits consumers' plates.
Saving for retirement is a challenge facing most Americans. Research shows the challenge is made harder by our basic human impulses. We know we should be saving. But we don't. We consistently make bad financial decisions.
One thing that leads us astray is what behavioral economists call "loss aversion." In other words, we hate losing. And that gets in the way of us winning — if winning is making smart financial decisions.
This is ALL THINGS CONSIDERED from NPR News. I'm Robert Siegel.
And now, Delta Airlines and Virgin Air go together like Ford and Jaguar? That one didn't go so well. But in the case of these two very different airlines, which are global partners, marriage appears to be working out. So say our next two guests, Delta CEO Richard Anderson and Virgin founder Sir Richard Branson, they're both in Washington attending the U.S. Chamber of Commerce Aviation Summit this week.
And they've joined me in the studio. Welcome to both of you.