Business and Economy

Business
4:56 am
Wed July 23, 2014

5 Managers Detained In Shanghai Expired-Meat Scandal

Originally published on Wed July 23, 2014 6:51 am

Chinese regulators suspended operations at Shanghai Husi Food, owned by Illinois-based OSI group. State media reported that stale meat was packaged for sale under "tacit approval" of senior managers.

Business
4:24 am
Wed July 23, 2014

Don't Make Me Come Back There: Toyota's New Parent-Friendly Options

Originally published on Wed July 23, 2014 6:51 am

Copyright 2014 NPR. To see more, visit http://www.npr.org/.

Business
4:19 am
Wed July 23, 2014

Atlantic City's Casino Crisis: A Cautionary Tale

Originally published on Wed July 23, 2014 6:51 am

Copyright 2014 NPR. To see more, visit http://www.npr.org/.

Middle East
3:45 am
Wed July 23, 2014

Airlines Cancel Service To Israel Amid Heightened Aviation Safety Concerns

Originally published on Wed July 23, 2014 6:51 am

A number of major airlines have suspended service to and from Tel Aviv as the fighting between Israel and Hamas in Gaza intensifies. That's leaving passengers to find other arrangements.

Business
3:45 am
Wed July 23, 2014

Taking Stock Of 2 Tech Giants: What's Next For Apple And Microsoft

Originally published on Wed July 23, 2014 6:51 am

Microsoft's new CEO is getting a lot of love from Wall Street, but the company is struggling to stay relevant. And Apple has found its footing again, mostly through a massive stock buyback program.

Politics
3:45 am
Wed July 23, 2014

Congress And Biden Aim For Job Training That Actually Leads To Jobs

Vice President Joe Biden, accompanied by New Hampshire Gov. Maggie Hassan, greets Enis Sullivan, 101, during a visit to XMA Corp. in Manchester, N.H., on March 25.
Jim Cole AP

Originally published on Wed July 23, 2014 11:05 am

Something pretty remarkable happened Tuesday afternoon in a small windowless auditorium next door to the White House. President Obama signed a new law: the Workforce Innovation and Opportunity Act.

It streamlines and updates the nation's job training programs and was 11 years overdue. The bill got overwhelming bipartisan support in both the House and Senate.

"Folks in Congress got past their differences; they got a bill to my desk," Obama said at the signing ceremony. "So this is not a win for Democrats or Republicans; it is a win for American workers."

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The Salt
4:11 pm
Tue July 22, 2014

Glass Or No Glass? That Is The Grill Lid Question

A still from a video showing a glass top grill.
Schott Home Tech/YouTube

We love cooking on our grills, especially in the summertime. Keeping the house cool and avoiding the dish pile up are two major draws – not to mention the flavor of food cooked over fire.

When we saw a glass-topped grill, shining like Cinderella's slipper in a YouTube video posted by commercial glass maker SCHOTT, we were intrigued. But, we wondered, how the heck do you clean it?

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Economy
3:39 pm
Tue July 22, 2014

Inflation Came In Low Again, But Are There Bubbles?

Federal Reserve Chair Janet Yellen testifies before the Senate Banking Committee on July 15. She said the Fed is likely to keep interest rates low "for a considerable period" since inflation remains so tame.
J. Scott Applewhite AP

Want to borrow money for a car or a home this fall?

Oddly enough, the interest rates available months from now for big-ticket items may be determined by the prices you pay today for everyday consumer goods. When store prices are rising rapidly, policymakers start pushing interest rates higher, too.

But for the moment, at least, inflation appears mild enough to keep interest rates low for a long while.

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Your Money
3:14 pm
Tue July 22, 2014

Money Markets: Easy To Ignore, Occasionally Dicey

Originally published on Tue July 22, 2014 8:12 pm

Money market accounts are so dull that many people use them like checking accounts. But they're riskier than checking accounts, and federal regulators are proposing new rules to deal with those risks.

U.S.
3:06 pm
Tue July 22, 2014

Deal In Detroit Could Signal Cuts To Pensions Elsewhere

Retirees Mike Shane (left) and William Davis protest near the federal courthouse in Detroit on July 3. Workers and retirees approved pension cuts in Detroit's bankruptcy by a landslide, the city reported Monday.
Paul Sancya AP

It used to be that if you were a public employee, you knew your pension benefits could not be touched.

That's no longer the case.

Pensions have been under political attack in recent years, with some politicians arguing they can't afford to fund generous retirements at the same time they're cutting services. Numerous states and cities have trimmed the type of pension plans they're offering employees — mostly new employees.

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