NPR Business

Business
5:14 am
Mon November 5, 2012

2 Bakers Struggle To Get Out From Superstorm Sandy

Originally published on Tue November 6, 2012 10:41 am

Transcript

STEVE INSKEEP, HOST:

Estimates of the economic cost of the storm damage caused by Hurricane Sandy along the East Coast, are as high as $50 billion. A lot of that is physical damage. Just under half of those losses, though, are from things people didn't, or couldn't, do during the storm; like eat in restaurants, go to the theater, or just work. Reporter Tracey Samuelson brings us this look at the blows Sandy has dealt a pair of small-business owners in New York City.

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Business
6:35 am
Sun November 4, 2012

Open For Business In Atlantic City, Despite Storm

Originally published on Sun November 4, 2012 12:08 pm

Transcript

RACHEL MARTIN, HOST:

In August last year, as Hurricane Irene threatened the East Coast, New Jersey's governor issued an evacuation order for Atlantic City. And WEEKEND EDITION was introduced to one restaurant owner who wasn't having any of it.

JOHN EXADAKTILOS: Choppy seas, little wind, little hazy. This is a bull (bleep) storm. Nothing's going to happen.

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Superstorm Sandy: Before, During And Beyond
12:15 am
Sun November 4, 2012

Insurance Companies Rethink Business After Sandy

This aerial photo shows destruction in the wake of Superstorm Sandy on Wednesday in Seaside Heights, N.J.
Mike Groll AP

Originally published on Sun November 4, 2012 4:56 pm

Superstorm Sandy capped what's been a pretty impressive couple of years for U.S. natural disasters. There have been wildfires, tornadoes, floods and derechos. And insurance companies are on the hook to pay billions in related claims.

"We're seeing more of everything, and what we're doing is trying to factor that in going forward as we work with others to have a better sense of what the future holds," says State Farm spokesman David Beigie.

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Economy
5:15 am
Sat November 3, 2012

Divergent Labor Markets: Private Gains, Public Losses

Job applicants meet potential employers at the NYC Startup Job Fair in September. Last month, the private sector created jobs while the public sector resumed laying off workers.
John Moore Getty Images

Originally published on Sat November 3, 2012 1:00 pm

The last unemployment report before the election came out Friday, and the news was middling: Unemployment ticked up to 7.9 percent.

The private sector created more than 180,000 new jobs, but state and local governments resumed laying workers off. That discrepancy is part of a longer-term trend.

For a few years now, private sector employment has been growing, but since mid-2010, state and local governments have eliminated roughly half a million jobs.

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Your Money
4:48 pm
Fri November 2, 2012

Storm Leaves Many Facing Tricky Insurance Process

A tree service worker prepares to remove a giant oak tree limb that fell onto the roof of Charles Edamala's home in Elkins Park, Pa., during Superstorm Sandy.
Emma Jacobs for NPR

Originally published on Fri November 2, 2012 5:34 pm

Mario Veas spent Monday night hunkered down with his family. But he has been running ever since.

Veas runs a tree service in Willow Grove, Pa. He says his phone has been ringing nonstop because people want trees felled by the storm chopped up and cleared.

"Everybody [is] calling and they want [the job] to be done this morning," Veas says.

Earlier this week, Veas was clearing an enormous tree branch from Preethy Edamala's patio in nearby Elkins Park.

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Economy
3:40 pm
Fri November 2, 2012

Sandy, Election Could Skew Future Jobs Reports

Workers clean up debris left by Superstorm Sandy in Long Beach Island, N.J., on Wednesday. The storm may lead to layoffs as business losses mount, but also could result in hiring related to rebuilding.
Mark Wilson Getty Images

Originally published on Fri November 2, 2012 7:20 pm

Each month, the Labor Department issues an employment report. On Friday, that report showed job creation rose in October — and it revealed something more.

With its latest unemployment assessment, the government in effect took a BEFORE snapshot of the U.S. economy. It collected all of the data before Superstorm Sandy slammed into the East Coast and before the election outcome could be known. Each of those two events has the potential to change the AFTER outlook.

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The Salt
2:29 pm
Fri November 2, 2012

Christmas Comes Early For Denmark's Beer Drinkers

J-Day, the first Friday in November, marks the release of Denmark's Christmas beer, Tuborg's Julebryg. It's practically a national holiday as the beer is promoted tonight in bars throughout the country.
Tuborg

Originally published on Fri November 2, 2012 3:40 pm

In the U.S., Thanksgiving marks the unofficial start of the race to Christmas (unless you happen to decorate department stores, then it starts in October). But in Denmark, the Christmas race starts tonight.

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Economy
11:58 am
Fri November 2, 2012

What's The Priority: Unemployment Or Deficit?

Transcript

MICHEL MARTIN, HOST:

This is TELL ME MORE, from NPR News. I'm Michel Martin. Later in the program, Superstorm Sandy might've turned out the lights along the East Coast, but Twitter was ablaze with comments. We want to talk about the good, the bad and the ugly that Sandy brought out on social media. We'll have that conversation in a few minutes.

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The Two-Way
7:04 am
Fri November 2, 2012

Job Growth Beats Forecasts; Unemployment Rate Is 7.9 Percent

How many signs like this were there in October? We got a clue today.
Justin Sullivan Getty Images

Originally published on Fri November 2, 2012 11:37 am

The nation's unemployment rate edged up to 7.9 percent in October from 7.8 percent in September, the Bureau of Labor Statistics says.

But private and public employers added 171,000 jobs to their payrolls — nearly 50,000 more than economists had expected.

So the news is somewhat mixed: While the jobless rate remained stuck near 8 percent, job growth was better than forecast.

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The Salt
5:04 am
Fri November 2, 2012

After Sandy, It's Pizza And Homemade Meatballs For The Lucky In New Jersey

While this pizzeria in Belmar, N.J., remained closed after Hurricane Sandy, Geno D's in Toms River turned out 500 pies to grateful customers on Wednesday.
Michael Loccisano Getty Images

Originally published on Fri November 2, 2012 11:43 am

The produce aisle may not yet be restocked at the Stop & Shop in Toms River, N.J., and other perishables may still be hard to come by. But rest assured, the local pizza joint is hopping.

"We've been busy, very busy," says Marissa Henderson, granddaughter of the proprietor of Geno D's pizzeria in Toms River. It was one of the few restaurants open in the area in the wake of the hurricane that rolled through earlier this week.

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