Business and Economy

Economy
3:45 pm
Tue February 11, 2014

Fed Chair Promises Continuity Before Congress

Originally published on Tue February 11, 2014 7:00 pm

Transcript

MELISSA BLOCK, HOST:

From NPR News, this is ALL THINGS CONSIDERED. I'm Melissa Block.

ROBERT SIEGEL, HOST:

And I'm Robert Siegel.

Janet Yellen made her first appearance on Capitol Hill today as the new leader of the Federal Reserve. Her message was clear. There will be no sudden changes in Fed policy. As NPR's John Ydstie reports, Yellen said the central bank is likely to keep pulling back its big stimulus program despite concerns about the economy.

Read more
The Salt
2:22 pm
Tue February 11, 2014

After 23 Years, Your Waiter Is Ready For A Raise

A Denny's waitress delivers breakfast to customers in Emeryville, Calif. The tipped minimum wage has been stuck at $2.13 since 1991.
Justin Sullivan Getty Images

Originally published on Wed February 12, 2014 3:21 pm

When Woody Harrelson's character got hired as a bartender on Cheers, he was so excited, he insisted on working for no more than the minimum wage. "I'd work like a slave," he said, "and, of course, I'd wash your car."

Most bar and restaurant workers would prefer to bring home a little more cash. They may be in luck.

As part of his plan to raise the minimum wage, President Obama has called for substantially increasing the base wage paid to tipped workers for the first time in decades.

Read more
State Capitol
1:23 pm
Tue February 11, 2014

Oklahoma Revenue Collections Improve In January

Credit KellyK / Flickr Creative Commons

State finance officials say collections to Oklahoma government's main operating fund improved in January, lessening the chance that mandatory budget cuts will be ordered for the current fiscal year.

Figures released Tuesday by the Office of Management and Enterprise Services show January collections to the General Revenue Fund totaled $610 million. That amount is 6.5 percent above the official estimate used to build the current year's state budget.

Read more
All Tech Considered
12:40 pm
Tue February 11, 2014

The Internet Flexes Political Muscle With Anti-NSA Protest

Thousands of websites participating in the "Day We Fight Back" will show this banner, or something similar, to site visitors.
Courtesy of Demand Progress

Originally published on Wed February 12, 2014 12:27 pm

Reddit, Tumblr and Mozilla are among nearly 6,000 websites participating in "The Day We Fight Back," an online protest Tuesday against government surveillance.

The goal of the protest, organizers say, is partly to pass a federal bill called the USA Freedom Act, which is intended to rein in the mass surveillance programs by the National Security Agency that were exposed by Edward Snowden.

Read more
The Salt
9:54 am
Tue February 11, 2014

N.Y. Immigrants Find They Can Earn Bread And Butter From Baking

Hot Bread Almacen, the retail shop of Hot Bread Kitchen, is located in the historic La Marqueta building in East Harlem, New York.
Daniel Krieger for Hot Bread Kitchen

Originally published on Tue February 11, 2014 10:31 am

In the heart of New York City's Spanish Harlem, women from Morocco to Mexico arrive before dawn to crank up the ovens at Hot Bread Kitchen.

Despite their different cultures and languages, this non-profit training bakery says most of its participants have one thing in common: they all grew up learning how to bake traditional breads.

Read more
First Reads
9:12 am
Tue February 11, 2014

Exclusive First Read: 'Young Money' By Kevin Roose

Originally published on Tue February 11, 2014 1:21 pm

Most people who follow the headlines are aware of the lifestyles of Wall Street's titans — and the vast bonuses that fund those lives of luxury. Kevin Roose's new Young Money looks at the bottom of that ladder: the college kids who arrived on Wall Street after the economic crash of 2008, prepared to put their noses to the grindstone in the hopes of making it big — or just making a decent living.

Read more
The Two-Way
8:07 am
Tue February 11, 2014

No Change In Fed Policy, Yellen Signals

Fed Chair Janet Yellen.
Jacquelyn Martin AP

Since every word that the head of the Federal Reserve utters is closely watched by those in the financial markets, it's worth noting that in her first appearance before Congress since being confirmed Fed Chair Janet Yellen plans to say Tuesday that:

"I expect a great deal of continuity in the FOMC's approach to monetary policy."

Read more
Business
6:08 am
Tue February 11, 2014

Bad Weather Hurts McDonald's U.S. Sales

Originally published on Tue February 11, 2014 12:28 pm

Transcript

STEVE INSKEEP, HOST:

NPR's business news starts with a Big Mac slump.

(SOUNDBITE OF MUSIC)

INSKEEP: McDonald's says its sales in the United States fell for the third straight month. The world's largest burger chain reports bad weather hurt its U.S. sales in January, which fell 3.3 percent. McDonald's fared better overseas. Global sales rose 1.2 percent, as the fast food chain continues to expand abroad.

Politics
3:58 am
Tue February 11, 2014

House Has 6 Working Days Left To Raise Debt Ceiling

Originally published on Tue February 11, 2014 12:28 pm

Transcript

RENEE MONTAGNE, HOST:

The U.S. Treasury is now in its fourth day of resorting to what it calls extraordinary measures to ensure all the nation's bills get paid. Officials estimate they can keep doing that for only 16 more days without risking a default on the debt. But the House of Representatives has only six working days left to raise the debt ceiling, and this morning, House Republicans were back behind closed doors, gauging support for a plan to do that. NPR's David Welna as at the capital, and he joins us know with the latest.

Good morning.

Read more
Business
3:55 am
Tue February 11, 2014

'New York Times' Veteran Bill Keller Joins Marshall Project

Originally published on Tue February 11, 2014 12:28 pm

Transcript

RENEE MONTAGNE, HOST:

A well-known name at The New York Times is making the change to digital. After 30 years at The Times as foreign correspondent, executive editor and columnist, Bill Keller announced yesterday he is leaving the paper. He joins journalist and former Wall Street money manager Neil Barsky to report on the criminal justice system. The new venture is called The Marshall Project.

Read more

Pages