Business and Economy

Asia
3:11 pm
Wed July 9, 2014

The Ballad Of The 13-Year-Old North Korean Capitalist

Originally published on Wed July 9, 2014 9:39 pm

Transcript

ROBERT SIEGEL, HOST:

In North Korea, private businesses are illegal - or at least they're technically illegal. People aren't supposed to buy and sell stuff to each other, but they do it anyway. NPR's Zoe Chace, of our Planet Money team, has this story of a young North Korean woman who knew a business opportunity when she saw it, and had no qualms about pursuing it. One word - socks.

ZOE CHACE, BYLINE: She's just 23 years old. Easily excited, she wears makeup, a bright pink dress, likes to speak a little bit of English.

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War On Poverty, 50 Years Later
6:39 am
Wed July 9, 2014

Class Helps Unwed Dads Navigate Ohio's Mom-Friendly Systems

Originally published on Wed July 9, 2014 8:43 am

About a quarter of U.S. families are now headed by a single mother.

That means a lot of children without a father in the home, and in some cases, fathers not having much contact with their children.

Research shows a long list of possible problems linked to fathers not being involved in their kid's lives — including poor performance in school, behavioral issues, drug and alcohol abuse and poverty.

To tackle these, Richland County, Ohio, is trying to get fathers more involved.

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Business
6:24 am
Wed July 9, 2014

Kickstarter Tater Salad Fund Is No Small Potatoes

Originally published on Wed July 9, 2014 7:01 am

Within days of asking for a total of $10 to crowdsource his first potato salad, Ohioan Zack Brown raised tens of thousands of dollars. Apparently he'll be making a lot of potato salad.

Business
5:20 am
Wed July 9, 2014

Global Boom In Asset Prices Leads To Worries About Market Bubbles

Originally published on Wed July 9, 2014 8:38 am

Renee Montagne talks to David Wessel of the Brookings Institution about the debate over whether the Federal Reserve should raise interest rates to avoid a potential asset bubble.

Business
5:18 am
Wed July 9, 2014

Record Recalls May Not Necessarily Hurt Auto Industry

Originally published on Wed July 9, 2014 7:01 am

Automakers recalled 37.5 million vehicles in the first six months of 2014. That's more cars and trucks recalled than in any prior year. GM led the way but other companies also picked up the pace.

War On Poverty, 50 Years Later
5:39 pm
Tue July 8, 2014

To Break Cycle Of Child Poverty, Teaching Mom And Dad To Get Along

Brittiny Spears, 26, is not with the father of her daughter, Zykeiria, 4. "He just still wanted to go out and party and be a little boy," Spears says.
Jennifer Ludden NPR

Originally published on Wed July 9, 2014 8:52 am

After a half-century of the War on Poverty, an anti-poverty agency in Ohio has concluded that decades of assistance alone just hasn't changed lives. Instead, it says, the ongoing breakdown of the family is to blame.

"You're seeing the same people come year after year, and in some cases generation to generation. And so then you think, why is that happening?" says Jennifer Jennette, program manager of the Community Action Commission of Erie, Huron and Richland Counties in Ohio.

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Business
3:13 pm
Tue July 8, 2014

For A Business Built 'On Bended Knee,' Hobby Lobby Ruling Is A Boon

Originally published on Tue July 8, 2014 5:19 pm

Transcript

ROBERT SIEGEL, HOST:

To the politics of religion and the Supreme Court now, and last week's decision in the Hobby Lobby case. The court cleared the way for closely held businesses, whose owners have religious objections to contraceptives, to cut coverage from their employee health plans. And since the court ruled, businesses have been doing just that. NPR's Wade Goodwyn spoke with a couple of company leaders about their decisions.

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Latin America
3:13 pm
Tue July 8, 2014

With Default 23 Days Away, A Little Clause Could Cost Argentina Big

Originally published on Tue July 8, 2014 8:20 pm

After missing a June 30 deadline, Argentina has a 30-day grace period to pay investors $539 million in interest. Otherwise, the country will default on its debts. Argentinian officials argue they can't make the payment without triggering other debt payments that would bankrupt the country.

Shots - Health News
3:12 pm
Tue July 8, 2014

Will This Tech Tool Help Manage Older People's Health? Ask Dad

Lively is a sensor that can be attached to a pill box, keys or doors. It lets people know whether aging parents are taking their medicines or sticking to their routines.
Courtesy of Lively

Originally published on Wed July 9, 2014 10:39 am

Aging 2.0 may not sound like the hippest start-up in San Francisco, but it's part of an industry worth $2 billion and growing fast — technology to help older adults.

Katy Fike, 35, is the company's co-founder. She's devoted to making sure that older adults who are supposed to use the products are involved in their development.

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Code Switch
2:09 pm
Tue July 8, 2014

Miami Stores Enjoy Thriving Business From Cuban Shoppers

Serafin Blanco's discounted clothing store in Hialeah advertises its cheap deals. Cuban customers take their purchases back to Cuba to give to relatives or to sell, Blanco says.
Greg Allen NPR

On the map, it's right next to Miami. But culturally speaking, Hialeah, Fla., is just as close to Havana. And now, more than ever, Cubans are flocking to Hialeah to shop, taking advantage of the relaxed travel restrictions.

"There are more Cubans here than any place besides Cuba," says Serafin Blanco, who owns a discount clothing store there.

Through these shopping expeditions, Cuba's emerging entrepreneurs can buy goods their customers need and can't find in their country — legally skirting the 50-year-old trade embargo.

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