A federal government agency has taken and unusual step. They are suing the founder of a toy company over product safety concerns - and recently, he filed a countersuit. The Consumer Product Safety Commission says Buckyballs - if you're not familiar with them - these are clusters of magnetized balls, are a serious danger to children.
Ilya Marritz from member station WNYC has the story.
ILYA MARRITZ, BYLINE: Call them brainteasers, amusements, or gifts for dad, just don't call these little magnetic beads a toy.
And let's keep talking about international trade here. The American aluminum giant Alcoa and one of its subsidiaries will pay $384 million in fines to the United States government for engaging in corrupt practices overseas.
The payment is part of a settlement in a bribery case involving the royal family of Bahrain.
GREENE: China might have just dislodged the United States from a position it held for decades as the world's top trading nation. The latest Chinese figures put the value of its overall trade at $4.6 trillion last year.
The United States will release its own 2013 data next month. But for the first 11 months of the year, its trade was worth $3.5 trillion. Transcript provided by NPR, Copyright NPR.
Our last word in business today is: Anonymous Reviews.
You know, those product reviews people write on Amazon or Yelp. Many customers rely on them and some people have even dramatized them online - like the actor who read this review by Shelley S. from the ratings website Yelp.
UNIDENTIFIED MAN: The food was sub-par for such a highly-rated restaurant. Overcooked fish, undercooked noodles, and one dish that wasn't labeled spicy was so hot that my father refused to eat it. I won't be going back to this particular PF Chang's.
Supporters of a minimum wage say it can be especially important at a time of relatively high unemployment, when workers have little bargaining power. This morning we'll get a fresh snapshot of unemployment in the U.S. when the government releases new jobs numbers. NPR's Yuki Noguchi came by to talk about what to expect. Yuki, good morning.
YUKI NOGUCHI, BYLINE: Good morning, David.
GREENE: So where does the job market seem to be going right now?
Originally published on Fri January 10, 2014 5:05 am
In what's being called one of the largest U.S. anti-corruption settlements on record, Alcoa and an affiliate it controls have agreed to pay millions in fines and criminal and civil penalties. The companies acknowledge paying bribes to royal family members in Bahrain.
At the stroke of midnight on New Year's Eve, a bevy of tax breaks expired in Washington D.C., everything from a tax benefit for people who commute to work using mass transit, to a subsidy for NASCAR racetracks. Some of these are probably less crucial for the national economy, but others are vital to the health of certain industries. At least that's what the businesses that benefit say, as NPR's Chris Arnold has been finding out.
From NPR News, this is ALL THINGS CONSIDERED. I'm Audie Cornish.
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And I'm Robert Siegel.
Today, California Governor Jerry Brown announced that the state's healthier finances will mean billions of dollars of new spending. The winners in the governor's proposed record budget include schools and welfare. He also wants millions spent on maintaining roads and parks.