economy

Deceptive Cadence
1:03 am
Sat September 15, 2012

Trouble In The Twin Cities: Two Orchestras In Labor Disputes

The Minnesota Orchestra may go on strike after management proposed to cut musicians' salaries by 28 percent.
Courtesy of the Minnesota Orchestra

Originally published on Tue September 18, 2012 2:47 pm

For a metro area of only about 3.5 million people, the Twin Cities region is unusual in the way it supports not one, but two world-class orchestras. Now, with looming deficits on the horizon and musicians' contracts at both the Minnesota Orchestra and the Saint Paul Chamber Orchestra expiring Sept. 30, the Twin Cities may have two orchestras on strike.

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It's All Politics
4:50 pm
Fri September 14, 2012

White House Details 2013 Cuts If Congress Doesn't Avert Fiscal Cliff

The White House Friday released a report detailing, in part, what life would look like on the other side of the fiscal cliff, which could occur at the end of the year.

Under orders from Congress, the administration detailed exactly how it would administer painful cuts to both defense and domestic programs that were ordered under last year's budget deal.

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The Two-Way
3:48 pm
Fri September 14, 2012

White House: Sequestration Would Be 'Deeply Destructive'

The White House provided its first assessment of what would happen if Congress fails to act and allows about $100 billion worth of automatic budget cuts to take effect on Jan. 2.

In its estimation (pdf), the White House's Office Of Management and Budget says this so-called "sequestration" would have a "devastating impact" on government programs including defense.

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Economy
3:24 am
Fri September 14, 2012

Discouraged In Hunt For A Job, Many Stop Looking

A job fair was held at the The Walter E. Washington Convention Center in Washington, D.C., last month. The U.S. unemployment rate declined in August in part because the number of "discouraged workers" climbed.
Chip Somodevilla Getty Images

Originally published on Fri September 14, 2012 10:43 am

The U.S. population is growing. In normal times, the labor force — working or not — would be growing too. But these are not normal times, and the labor force is actually smaller than it was four years ago, meaning millions of people who should be there aren't.

The reasons people drop out of the workforce are myriad. People go back to school. Others have health issues or family priorities that keep them from looking for work. But some stop looking because they are discouraged.

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The Two-Way
11:59 am
Tue September 11, 2012

Moody's Warns Of Downgrade If Congress Doesn't Move On Fiscal Cliff

Speaker of the House John Boehner says he has little of hope of reaching a resolution on the so-called "fiscal cliff."
J. Scott Applewhite AP

We've already heard warnings about the so called "fiscal cliff" from the Federal Reserve and the Congressional Budget Office.

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The Salt
1:53 pm
Mon September 10, 2012

Canada's Food Insecure Find Help, Community Through Facebook

A mural in the isolated city of Iqaluit, in Canada, where food insecurity is tied up with native culture, poverty, and high food prices.
ascappatura Flickr.com

Originally published on Wed September 19, 2012 3:09 pm

We've been giving a lot of virtual ink to the problem of food insecurity lately — the challenges people face when they frequently can't put enough food on the table. And sometimes it seems like an insurmountable problem.

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Economy
10:39 am
Mon September 10, 2012

Master Violin Maker Feels Economy's Sour Notes

Originally published on Mon September 10, 2012 1:17 pm

Transcript

MICHEL MARTIN, HOST:

Now it's time to open up the pages of the Washington Post magazine. That's something we do just about every week for interesting stories about the way we live now. And today a story about the business of music.

(SOUNDBITE OF VIOLIN)

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Economy
4:09 pm
Fri September 7, 2012

Obama Administration: 'Recovery Has Been Resilient'

Originally published on Fri September 7, 2012 5:18 pm

Transcript

ROBERT SIEGEL, HOST:

Joining us now to talk about today's jobs numbers is Alan Krueger. He's the chairman of the White House Council of Economic Advisers. Welcome.

ALAN KRUEGER: Thank you.

SIEGEL: Is it fair to say that the good news here, the lower unemployment rate is produced by bad news, so many people leaving the workforce and that 96,000 jobs in a month is a discouraging jobs report?

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U.S.
9:14 am
Fri September 7, 2012

Close Read: Obama's Speech And The Jobs Numbers

Originally published on Fri September 7, 2012 9:15 am

Transcript

RENEE MONTAGNE, HOST:

It's MORNING EDITION from NPR News. I'm Renee Montagne.

STEVE INSKEEP. HOST: And I'm Steve Inskeep. Hours after President Obama delivered his speech at the Democratic Convention, the latest unemployment report provided a reminder of what's at stake. The unemployment rate dropped in August, which sounds good, but the number of jobs created was below expectations for August.

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The Salt
3:37 pm
Wed September 5, 2012

Recession Still Hurting U.S. Families Trying To Put Food On The Table

Jacque Holland, 43, of Milwaukee picks up food at the food pantry at United Methodist Children's Services of Wisconsin.
Carrie Antlfinger AP

Originally published on Wed September 19, 2012 3:12 pm

The number of U.S. families struggling to put enough food on the table remains at record-high levels, according to new figures out today from the government. Last year, 1 in almost 7 households were what the government calls "food insecure." That's about the same level as in 2010, but still far higher than before the recession.

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