I'm Maria Hinojosa, and this is TELL ME MORE, from NPR News. Michel Martin is away. Coming up, murders in Chicago are on the rise. We'll ask why and what's being done about it. That's in a few minutes.
But, first, to matters of personal finance. Remember pulling yourself up by your own bootstraps? Well, economic mobility is getting tougher in this country, especially for the poorest people in our society. That's according to a new Pew Research report released on Monday.
SINGAPORE (AP) — Oil rose slightly to near $85 a barrel today, clawing back some of a large drop from the previous session amid hope that weak U.S. economic growth may trigger new stimulus measures.
The Labor Department on Friday said the U.S. economy added 80,000 jobs last month, which was fewer than expected and prompted speculation that the U.S. Federal Reserve may implement more monetary stimulus measures known as quantitative easing.
Last week, the European Central Bank and the People's Bank of China both cut lending rates in the bid to boost flagging economic growth.
Recovery has been creeping at a slow pace for much of the American economy, but sales by US auto makers have revved up. Chrysler and General Motors both saw double digit growth in June, and Ford wasn't too far behind. Guest host Maria Hinojosa and NPR's Sonari Glinton talk about what's driving the rise.
First-time claims for unemployment insurance benefits in Louisiana for the week ending June 30 decreased from the previous week's total.
State labor department figures released Friday show initial claims fell to 3,456 from the previous week's total of 3,633. The figure was lower than it was for the comparable week a year earlier, when there were 4,169 initial claims.
The four-week moving average, which is a less volatile measure of claims, decreased to 3,792 from the previous week's total of 3,972.
The city of Hammond's economy is on a 17-month roll. Sales tax receipts are up 7 percent compared to the first half of 2011. Mayor Mayson Foster says the numbers indicate not only a strong economy in Tangipahoa Parish, but also that people are staying in Hammond to make their purchases rather than going elsewhere.
This is TELL ME MORE from NPR News. I'm Michel Martin. Coming up, we'll meet a couple who didn't just worry when their daughters started coming home making disparaging comments about their own looks. They decided to surround the girls with positive messages that they, too, are beautiful. We'll meet them and hear what they did in just a few minutes.
SAVANNAH, Ga. (AP) — A federal agency says Gulf and Southeast U.S. ports will need big help getting ready to trade with supersized cargo ships expected to arrive through an expanded Panama Canal. The Army Corps of Engineers says deepening harbors to accommodate the giant ships could require up to $5 billion.
Several hundred people rallied at the Rock ‘N’ Bowl parking lot in Mid City in support of the Times-Picayune. A community effort is taking shape to block plans of the Newhouse family publication to cut staff and print editions only three times a week.
New Orleans hotel operators say occupancy is the highest in more than a decade. They credit refurbished hotels, a jam-packed calendar and continued recovery from the levee breaches after Hurricane Katrina in 2005.
Room rates are up, too. The Times-Picayune reports that Smith Travel Research quotes the city's average daily hotel rate at $154 — the highest since February 2002, when it averaged $159.40 a night.
Rates through April of this year averaged $148.61. That's 12.6 percent better than same four months last year.
Diplomatic ties between New Orleans and South Africa are being renewed after a break 33 years ago over Apartheid rule. An honorary consul’s main concern will be shepherding a $10 billion energy plant to completion in southwest Louisiana.