NPR Business

Education
2:58 am
Thu May 2, 2013

A Rhodes-Like Scholarship For Study In China

The Schwarzman Scholars program, planned for the campus of Beijing's Tsinghua University, is described as "a 21st century college designed to inspire interchange."
Artist's rendering courtesy of Robert A.M. Stern Architects

Originally published on Thu May 2, 2013 10:09 am

If you're interested in studying in China, a new scholarship program could help you on your way. Rivaling the prestigious Rhodes scholarships, the new Schwarzman Scholars program was announced recently by Stephen Schwarzman, CEO and co-founder of Blackstone Group, one of the world's biggest private-equity firms.

The financier says he plans to raise $300 million, including $100 million of his own money, to fund a new program aimed at bringing students from around the world to study at Beijing's Tsinghua University.

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Business
5:59 pm
Wed May 1, 2013

Deal To Protect Bangladeshi Factory Workers Still Elusive

NPR

Originally published on Wed May 1, 2013 7:48 pm

This week, major retailers including Wal-Mart, Gap and others met with labor activists in Germany, hoping to hammer out a deal to improve working conditions in Bangladesh.

The meeting came less than a week after a devastating building collapse in the Bangladeshi capital, Dhaka, killed more than 400 workers. At the meeting, activists pushed retailers who use factories in Bangladesh to start spending their own money to make those workplaces safer.

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It's All Politics
4:37 pm
Wed May 1, 2013

The Federal Deficit Is Actually Shrinking

The Treasury Department announced this week it will pay down some of its debt for the first time in six years.
Jacquelyn Martin AP

Originally published on Thu May 2, 2013 1:33 pm

During the housing bust, taxpayers were forced to bail out mortgage giants Fannie Mae and Freddie Mac. But thanks to the real estate recovery, Fannie Mae could end up paying tens of billions of dollars back to the Treasury this summer.

That's just one of the factors behind a better bottom line for the federal government. This week, the Treasury Department announced it will pay down some of its debt for the first time in six years.

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The Salt
2:46 pm
Wed May 1, 2013

Chicken Diapers? Urban Farming Spawns Accessory Lines

Clucking all the way to the bank: A hen models a polka-dot diaper from MyPetChicken.com, a multimillion-dollar business that sells everything from chicken caviar treats to day-old birds.
Courtesy of MyPetChicken.com

Originally published on Mon May 6, 2013 10:19 am

There's free range and then there's free rein — around your house.

When Julie Baker's backyard birds started spending more time inside, it was tough to keep them clean. So she got innovative.

She sewed up a cloth diaper — chicken-sized, of course — added a few buttons and strapped it onto her little lady.

One thing led to another, and eventually, a business was born.

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Economy
2:23 pm
Wed May 1, 2013

Luring Doctors And Lawyers To Rural America

Transcript

JOHN DONVAN, HOST:

This is TALK OF THE NATION. I'm John Donvan, in Washington. Neal Conan is away. A lawyer shortage, really? Well, yes, depending on where you live, and rural America is in some places apparently suffering a lawyer shortage right now, just as it has long been coping with a doctor shortage. Small town life is not selling with certain professions, and in distinct ways communities can be truly undermined by the absence of, say, doctors and lawyers and architects and so on.

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Business
2:18 pm
Wed May 1, 2013

The Quiet Strength Of Introverts In The Workplace

Transcript

JOHN DONVAN, HOST:

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Business
10:51 am
Wed May 1, 2013

Chuck E. Cheese Slims Down Along With Restaurant's Profits

Transcript

DAVID GREENE, HOST:

Good morning. I'm David Greene. If you're like me you remember some great birthdays at Chuck E. Cheese. The mascot at the pizza joint, an oversized rodent, gave the best birthday hugs. But these days Chuck E. is just not himself. It looks like he's been on a major diet. The restaurant chain has had a few tough years.

The Two-Way
8:59 am
Wed May 1, 2013

Slow Growth In April: Survey Shows 119,000 Jobs Added

In Denver last month, a recruiter (right) talked with a job seeker at a health care career fair. There was job growth in April, according to a new survey, but the pace was modest.
Rick Wilking Reuters /Landov

A relatively weak 119,000 jobs were added to private employers' payrolls last month as federal spending cuts and tax increases began to bite, according to the latest ADP National Employment Report.

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Business
6:01 am
Wed May 1, 2013

The Last Word In Business

Originally published on Wed May 1, 2013 2:36 pm

Transcript

DAVID GREENE, HOST:

Ah, suitors, makes me think of this. Cue it.

(SOUNDBITE OF THEME SONG TV SHOW, "DOWNTON ABBEY")

GREENE: "Downton Abbey," it's our last word in business today. The hit PBS program is expanding into the world of merchandise.

RENEE MONTAGNE, HOST:

CNBC reports the costume drama, set in Edwardian England, will soon launch a line of fashion, furniture, wallpaper and beauty products. The show's popularity has already created a boost in sales for items from the era, like gloves, fur capes and old-fashioned sherry.

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Business
6:01 am
Wed May 1, 2013

Foreign Factory Audits, Profitable But Flawed Business

A Bangladeshi soldier walks through rows of burnt sewing machines Nov. 25, after a fire in the nine-story Tazreen factory in Savar, near Dhaka. The fire killed 112 people.
AFP/Getty Images

Originally published on Wed May 1, 2013 11:11 am

A factory collapse in Bangladesh last week killed more than 400 people, mostly garment workers. Hundreds more are still missing, making it one of the largest manufacturing disasters in history. It's just the latest horrific accident in the garment industry despite more than a decade of auditing aimed at improving working conditions.

In September 2012, a fire at the Ali Enterprises factory in Pakistan killed nearly 300 workers. Six weeks later, in November, a fire in the Tazreen factory in Bangladesh killed 112 people. Then, last week, there was the Rana Plaza collapse.

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