In Chinese culture, filial piety is the virtual of respect for one's elders. In fact, a new Chinese law requires adults to provide financial and emotional support to their elderly relatives, which brings us to today's last word in business: outsourcing tender loving care.
DAVID GREENE, HOST:
That's right. This new law is giving entrepreneurs a business opportunity. The Wall Street Journal reports that China's version of eBay now has listings that offer services like running errands or standing in line.
Wal-Mart is changing its plans for the nation's capital. The company says it won't be building stores in Washington, D.C., after the city council passed a law requiring big-box retailers to pay what's known as a living wage.
Patrick Madden of member station WAMU has the story.
PATRICK MADDEN, BYLINE: Before the vote, Wal-Mart issued city lawmakers an ultimatum: kill the living wage bill, or it would pull the plug on three stores it has planned to build in the nation's capital.
This is ALL THINGS CONSIDERED from NPR News. I'm Robert Siegel.
AUDIE CORNISH, HOST:
And I'm Audie Cornish.
Some of the country's biggest retailers have unveiled an initiative they say will improve conditions for workers on the other side of the world. The move by Wal-Mart, Target, and others is intended to boost safety in Bangladesh garment factories.
NPR's Jim Zarroli reports the plan is a response to the devastating building collapse that killed more than 1,100 people in April.
Originally published on Fri July 12, 2013 10:56 am
We have to confess: When we heard that Twinkies will have nearly double the shelf life, 45 days, when they return to stores next week, our first reaction was — days? Not years?
Urban legend has long deemed Twinkies the cockroaches of the snack food world, a treat that can survive for decades, what humanity would have left to eat come the apocalypse. The true shelf life — which used to be 26 days — seems somewhat less impressive by comparison.
The Senate Agriculture Committee met Wednesday afternoon to hear testimony about the acquisition of Smithfield Foods by a Chinese company. Smithfield CEO Larry Pope tried to defend the proposed deal, but most committee members made their opposition clear.
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.
Rebecca Khatun, a worker at Rana Plaza, lies in a hospital bed. She lost her left leg and right foot in the collapse, which also killed five members of her family. Khatun received $120 and free medical care for her loss -- compensation she says won't be enough for what she's been through.
Credit Julie McCarthy/NPR
The gap between the buildings is where the Rana Plaza stood until a few months ago. More than 1,000 people were killed when the building collapsed April 24. It was the worst disaster in the garment industry's history.
Credit Julie McCarthy/NPR
Rojina Akter was also hurt in the collapse. The 23-year-old earned $65 a month as a sewer's assistant. "We are poor," she says. "We work to live." She says the government should have overseen the construction of the building.
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?
Much of the training for pilots for major airlines is conducted on sophisticated flight simulators, like this Boeing 787 simulator operated by an All Nippon Airways captain. Pilots are also trained to communicate clearly about problems they may encounter in flight.
Credit Yoshikazu Tsuno / AFP/Getty Images
Simulators mimic the full movement of a plane during takeoff, flight and landing. They're also used to prepare pilots for problems like engine fires and aborted takeoffs.
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.
AUDIE CORNISH, HOST:
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.
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 — 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 — no big surprise — 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 — 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 — 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.