As the U.S. economy struggles to recover from the financial crash, and Europe is buffeted by a series of banking crises, attention has focused on the presidents and prime ministers who've tried to cope with it all. Journalist Neil Irwin, an economics writer for The Washington Post, says there's an elite group of policymakers who can make enormously important decisions on their own, often deliberating in secret, and in many ways unaccountable to voters.
In what would seem to be a contradiction, a respected study says that the quality of service provided by U.S. airlines remained near an all-time high last year even as passengers' complaints soared 22 percent.
Chef John Besh wanted to help minorities in the New Orleans restaurant industry move up the ladder in the city's top kitchens. So he co-founded Chefs Move, which provides scholarships to students for culinary school and career opportunities.
Target has apologized for a poor choice of words. Susan Clemens was looking at a grey dress on the company's Web site, when she noticed how the color described. Regular sizes were Dark Heather Gray. Plus sizes, in the exact color, became Manatee Gray. Manatees are walrus-like animals. They're also known as sea cows. Clemens tweeted her disgust and it went viral. The company says from now on they're just going to go with gray.
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After a 15-month hiatus, the world's newest nation is pumping oil again. It's a key step toward mending relations with Sudan, its former civil war foe. And it's a crucial step if South Sudan is to avoid economic collapse.
Earlier this year, all 787 Dreamliners were grounded after overheating issues caused by its batteries led to electrical failures in two separate incidents. Boeing is analyzing flight data and submitting materials to the Federal Aviation Administration.
Car2Go vehicles lined up in Washington, D.C., as the company prepared to launch service there last year. The car sharing service is also in Europe and other American cities, including Seattle; Austin, Texas; Miami; and Portland, Ore.
Late last week, Amazon, which features reader reviews on its sales website, announced that it's buying Goodreads, a hugely popular reader review site. Now, the announcement jarred a lot of Goodreads fans and upset lots of reader-reviewers and authors too. Greg Bensinger has been covering the story for the Wall Street Journal. He joins us from KQED in San Francisco. Thanks so much for being with us.
GREG BENSINGER: My pleasure, hello.
SIMON: Why did Amazon want to inhale Goodreads so much?
Almost 5 million Americans are considered long-term unemployed, meaning they have been searching for work for at least six months.
This week, their plight is getting a bit tougher as the government cuts their unemployment benefits — part of the automatic reductions in federal spending that took effect recently.
On a recent day, about 40 people turned out at a Manhattan jobs center run by the New York Labor Department to get advice on looking for work. These are all people who have been out of work for at least 27 weeks.
The forced budget cuts known as the "sequester" have not yet started to trickle down to the local level. But that hasn't stopped politicians from talking about what those cuts will mean. But business leaders in a city with strong aviation ties aren't looking at only the conversations in Washington as they plan their futures.
California's economy is a study in contrasts. The state's unemployment rate — 9.8 percent — is tied with Rhode Island for the highest in the country. Parts of the state are still suffering mightily from the housing collapse. But there are also large pockets of job growth and revival.
Lots of people are surely looking at today's jobs headlines somewhat puzzled, asking one significant question: How can it be that hiring was much worse than expected in March and the unemployment rate still fell — to 7.6 percent?
The answer isn't a happy one. There are a couple of ways the unemployment rate can fall.
Millions of Americans are still out of work, and they're getting hit even harder as unemployment benefits continue to dry up. Host Michel Martin speaks with NPR Senior Business Editor Marilyn Geewax about why benefits are being reduced. Mike Rivas has exhausted his unemployment benefits, and joins the conversation to talk about how he's getting by.
The 11.7 million Americans searching for work got discouraging news Friday morning when the Labor Department said employers created only 88,000 jobs in March. The weak job growth comes at the same time benefits for the long-term unemployed are shrinking.
The smaller-than-expected increase in payrolls was a big disappointment, coming after a long stretch of much better results. Over the past year, employment growth has averaged 169,000 jobs a month.
But the nation's jobless rate still edged down to 7.6 percent from 7.7 percent. That dip wasn't for a good reason, though: Nearly half a million fewer people were participating in the labor force. That smaller pool meant the jobless rate could tick down even as job growth was weak.
From 'Morning Edition': Yuki Noguchi talks with David Greene
Update at 8:41 a.m. ET.: Job Growth Slows Sharply, But Unemployment Rate Dips
Although economists had been expecting to hear that the U.S. economy added 200,000 jobs in March, the news is out and the number is far less. Just 88,000 jobs were added to private and public payrolls, the Labor Department reports. The jobless rate still edged down to 7.6 percent — but only because nearly half a million fewer people were in the labor force.
Bitcoin is a virtual currency that's traded online. It's been on a wild ride lately, soaring in value during the Cyprus banking crisis. And this week, the price plummeted after a Bitcoin trading exchange was hacked.
The computer maker's chairman Ray Lane has stepped down as executive chairman. He's been on thin ice with shareholders after his role in acquiring a business software company ended up hurting HP's bottom line.
The Labor Department on Friday reported the nation's unemployment rate inched down to 7.6 percent in March, the lowest rate in four years, mainly due to more people stopping their search for work. In February, the job rate was 7.7 percent.
Cities have gobbled up water rights for decades, leaving farmers to rent the water back to irrigate crops and raise cattle. During a drought, cities are reluctant to give up any of their reserves. With little irrigation water, farmers must plant less, hire fewer people and bank on crop insurance.
Former Enron CEO Jeffery Skilling could be released early from federal prison under a reduced sentencing agreement being considered at the Justice Department. Skilling was sentenced to 24 years in prison for his role in the energy trading giant's collapse
Fast-food restaurants were a little bit slower Thursday in New York City. Hundreds of workers staged a one-day strike in what organizers are calling the biggest job action ever in that industry. It's a growing segment of the economy, but workers complain that fast-food jobs don't pay enough to survive in New York City.