economy

U.S.
10:14 am
Thu September 20, 2012

'Fiscal Cliff' Scenarios Leave Economists On Edge

Economists hope lawmakers can avert a "fiscal cliff" after November's election, but what if Congress runs out of time?
Pablo Martinez Monsivais AP

Originally published on Thu September 20, 2012 1:46 pm

Members of Congress are about to flee Capitol Hill, and they'll be gone until Nov. 13, one week after Election Day.

As they shift to full-time campaigning, lawmakers are leaving behind many questions about the "fiscal cliff," a massive cluster of automatic spending cuts and tax-break expirations that come together around year's end.

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Planet Money
10:04 am
Thu September 20, 2012

The Fiscal Cliff, In Three And A Half Graphics

Lam Thuy Vo / NPR

Originally published on Tue November 6, 2012 10:50 am

For more, see this story from NPR's Marilyn Geewax on how Congress might pass some stopgap measures to blunt the effect of the fiscal cliff.

A bunch of federal tax increases and spending cuts are scheduled to kick in around Jan. 1, 2013. This is what people are talking about when they talk about the "fiscal cliff."

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The Two-Way
7:45 am
Thu September 20, 2012

Jobless Claims Changed Little Last Week

There were 382,000 first-time claims for unemployment benefits last week, down by just 3,000 from the week before, the Employment and Training Administration says.

Meanwhile, "the 4-week moving average was 377,750, an increase of 2,000 from the previous week's revised average of 375,750." That figure offers a slightly better look at the trend.

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Small Business Assistance Fund
9:46 am
Wed September 19, 2012

Business loan fund announced in New Orleans

New Orleans Mayor Mitch Landrieu's office and the city's Office of Economic Development have announced a new program to encourage small business expansion and job creation.

The new financing program is called the New Orleans Small Business Assistance Fund. A City Hall news release Tuesday said it's a $2 million fund that will provide 8 percent interest rate loans to for-profit and nonprofit businesses for operating capital and equipment purchases.

SBAF loans are expected to range from $10,000 to $100,000. The maximum term of the loan is up to 84 months.

The Two-Way
4:31 pm
Mon September 17, 2012

Occupy Wall Street Marks One-Year Anniversary; More Than 100 Arrested

A man looks down at a sign during the Occupy Wall Street protest on the one year anniversary of the movement in New York.
Stan Honda AFP/Getty Images

The one-year anniversary of the Occupy Wall Street movement brought rallies and arrests Monday, as protesters marched in New York and other cities. More than 100 arrests were reported in New York, where activists marched near the city's stock exchange.

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Presidential Race
4:05 pm
Mon September 17, 2012

Obama Files New Trade Complaint Against China

Originally published on Mon September 17, 2012 5:39 pm

Transcript

AUDIE CORNISH, HOST:

From NPR News, this is ALL THINGS CONSIDERED. I'm Audie Cornish. We begin this hour with President Obama on the campaign trail. He was in the battleground state of Ohio today, but he spent much of his time talking about China. President Obama even announced a new trade complaint against China during a campaign stop in Cincinnati.

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Politics
9:16 am
Mon September 17, 2012

Obama Launching China Trade Case

Originally published on Tue September 18, 2012 8:52 am

President Obama will launch a new trade enforcement case against China Monday, using the power of incumbency to counter Republican Mitt Romney's criticism that he is ceding American jobs to the Asian power.

The Two-Way
7:31 am
Mon September 17, 2012

White House Launching Trade Complaints Against China

A worker inspects auto parts at a factory in Chengdu, China. (2005 file photo.)
China Photos Getty Images

Originally published on Mon September 17, 2012 12:10 pm

"The White House Monday will demand through a world trade panel that China stop subsidizing auto parts made for export," reports Cleveland's Plain Dealer.

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Development
2:15 pm
Sun September 16, 2012

New Delta Community College program targets growth of middle class

Louisiana Delta Community College is launching a campaign aimed at growing the middle class in the impoverished Delta country parishes of northeast Louisiana.

The News-Star reports the goals of the Delta Compact — the name given to the marketing, education and development campaign — are to increase the high school graduation rate in the three parishes to 70 percent, increase college attendance among graduating seniors to 50 percent, reduce the unemployment rate and increase access to the Internet.

Economy
2:00 pm
Sun September 16, 2012

Isaac causes spike in initial jobless claims

Hurricane Isaac caused a spike in initial claims for unemployment insurance in Louisiana for the week ending Sept. 8.

Figures released Friday show initial claims increased to 9,023 from 2,345. That's the most initial claims filed in one week since Hurricanes Gustav and Ike impacted Louisiana in September 2008, resulting in 10,264 first-time claims filed the week ending Sept. 27, 2008.

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