Business

Business
7:45 pm
Sat June 7, 2014

'Downton Abbey' Craze Serves Up A Demand For Butlers

Jim Carter as Mr. Carson in Downton Abbey, which has helped fuel a growing demand for butlers around the world.
WGBH/PBS

Originally published on Sun June 8, 2014 5:05 pm

Butlers in American pop culture tend to provide comic relief — think The Fresh Prince of Bel-Air or The Birdcage. Or, like Batman's Alfred, the butler is more of a friend than an employee.

But one show has brought back the classic butler, with a vengeance. Since the British period drama Downton Abbey made its debut on PBS in 2010, the demand for butlers in some parts of the world has surged.

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Business
5:46 am
Sat June 7, 2014

Job Outlook Brightens For Graduates, Though Problems Linger

Kaitlin Foran, a senior at the College of Charleston in South Carolina, meets with a prospective employer at a job fair at National Harbor in Maryland.
T.J. Kirkpatrick Getty Images

Originally published on Tue June 10, 2014 3:07 pm

Congratulations Class of 2014! You are entering a labor market that offers a record number of paychecks.

On Friday, the Labor Department said the U.S. economy now has 138.5 million jobs, slightly more than the previous high set in early 2008 — just as the Great Recession was tightening its grip.

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Business
6:01 pm
Fri June 6, 2014

GM Recalls 105,000 More Vehicles

The 2014 Chevrolet Silverado is among the vehicles being recalled.
Paul Sancya AP

Originally published on Fri June 6, 2014 6:59 pm

A day after General Motors admitted it failed customers who owned cars with a defective ignition switch, the automaker issued a recall for 105,000 more vehicles, bringing the total number of GM recalls so far this year to 34, involving 14 million vehicles, Michigan Public Radio's Tracy Samilton reports.

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Business
4:36 pm
Fri June 6, 2014

Despite Va. Order, Car Services Uber, Lyft Refuse To Pull Over

Passenger Christina Shatzen gets into a car operated by a driver for Lyft. Virginia has sent a cease-and-desist letter to Lyft, Uber and other car-sharing services.
Jeff Chiu AP

Originally published on Fri June 6, 2014 4:55 pm

Uber and Lyft car services have said they will continue to operate in Virginia, despite a cease-and-desist letter from the state saying the service is illegal because it hasn't received authorization from the Department of Motor Vehicles.

It comes a day after Colorado became the first state to pass a law regulating such companies, which use smartphone apps to connect passengers with drivers of vehicles for hire and ridesharing services and have seen fast growth in recent years in some parts of the country.

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Business
12:16 pm
Fri June 6, 2014

Illinois Declares Truce In Cupcake War

Chloe Stirling presents cupcakes to Illinois Gov. Pat Quinn in his office last month.
Seth Perlman AP

Originally published on Fri June 6, 2014 3:27 pm

No one really thinks 12-year-old Chloe Stirling presents a menace to public health.

The Illinois girl has a knack for baking cupcakes and has done pretty well selling them. So well, in fact, that her local newspaper published a story about her earlier this year. That drew the attention of the county health department — which shut her down for selling baked goods without a license or a state-certified kitchen.

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Business
6:54 am
Fri June 6, 2014

The Budget Traveler: Tips for Booking Your Summer Vacation Online

  If a summer getaway is on your agenda, doing some online research is a great way to find deals. But is it better to book through a third-party travel website, like Expedia or Orbitz, or directly with the airline, hotel, or car rental agency? 

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Business
6:28 am
Fri June 6, 2014

The Fight Over Drones, As Seen From A Drone

Quoctrung Bui/NPR

Originally published on Fri August 1, 2014 11:57 am

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Business
9:32 am
Thu June 5, 2014

GM Review Found 'History Of Failures' In Ignition Switch Debacle, CEO Says

General Motors Chief Executive Officer Mary Barra (center), Executive Vice President Mark Reuss (right) and President Dan Ammann discuss a review of the company's handling of a recall for a deadly ignition switch problem.
Bill Pugliano Getty Images

Originally published on Thu June 5, 2014 12:05 pm

An internal inquiry into the long-delayed ignition switch recall by General Motors found an 11-year "history of failures," CEO Mary Barra says. She announced the findings of an investigation into how the company handled a deadly defect with ignition switches at a Thursday morning news conference. (updated at 12:04 p.m.: added link to full report).

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Business
3:35 am
Wed May 28, 2014

After Private Pilots Complain, Customs Rethinks Intercept Policy

Tom and Bonnie Lewis were stopped on a trip from Texas to New Hampshire because they were flying along a known drug air route.
John Burnett NPR

Originally published on Wed May 28, 2014 12:57 pm

Federal border security agents have sharply reduced intercepts of general aviation aircraft, following complaints by pilots that excessive police action at small airports is restricting the freedom to fly.

An official with U.S. Customs and Border Protection's Office of Air and Marine Operations told NPR his agency has heard pilots' grievances and the program is being altered so as not to needlessly affront law-abiding pilots.

In recent years, more and more pilots have reported their aircraft stopped for warrantless searches by aggressive officers.

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Business
3:33 am
Wed May 28, 2014

Industrial Hemp Could Take Root, If Legal Seeds Weren't So Scarce

The hemp seedlings in Ben Holmes' warehouse in Lafayette, Colo., will be ready for harvest in about 50 days. Holmes says that during the peak growing season, the little sprouts can shoot up several inches each day.
Luke Runyon KUNC/Harvest Public Media

Originally published on Wed May 28, 2014 12:57 pm

The most recent farm bill is allowing a handful of farmers across the country to put hemp, the nonpsychoactive cousin of marijuana, in the ground.

The bill allows small-scale experimentation with the plant. But despite the new law, many farmers say they're getting mixed messages from the federal government.

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Business
6:45 pm
Thu May 22, 2014

McDonald's CEO Says Fast-Food Jobs Can Lead To 'Real Careers'

Hundreds of workers, organizers and supporters gather outside McDonald's Corp. on Thursday, in Oak Brook, Ill., calling for $15 an hour and the right to unionize.
M. Spencer Green AP

Originally published on Thu May 22, 2014 7:16 pm

As hundreds of protesters loudly demanded higher wages outside McDonald's headquarters in suburban Chicago, the company's CEO told an audience inside that the fast-food giant has a heritage of providing opportunities that lead to "real careers."

"We believe we pay fair and competitive wages," Donald Thompson said at the company's annual meeting on Thursday.

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Business
9:33 am
Tue May 20, 2014

Free Your Mind of Clutter

We learn from life as we live it.  This month Joe shares with us some important life tactics that he learned from a friend who recently passed away.  The lessons all have to do with keeping our minds alert and learning from our mistakes.  We must free our lives of clutter by getting things done.  The best way to achieving a freer lifestyle is the Nike motto, "Just Do It." Take a look at this thoughtful video and see if the advice fits your lifestyle.

Business
10:11 am
Fri May 9, 2014

What's Your Major? 4 Decades Of College Degrees, In 1 Graph

Quoctrung Bui/NPR

Originally published on Fri May 9, 2014 10:28 am

In honor of college graduation season, we made a graph. It answers a few questions we had: What is the mix of bachelor's degrees awarded today, and how has the mix changed over the past several decades?

Hover over the graph to see how the popularity of each category changes over time. Click or tap to see a category individually.

A few notes:

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Business
11:48 am
Mon May 5, 2014

Most Americans Make It To The Top 20 Percent (At Least For A While)

promo
Quoctrung Bui/NPR

Originally published on Mon May 5, 2014 3:07 pm

We often talk about income as if it's this fixed thing. Those people over there are the 1 percent. These over here live in poverty. That other group is the people in the top 20 percent. That's not the way it is.

While economic mobility hasn't increased in this country over the past few decades, there is still churn. Lots of people move up and down the income ladder over the course of a career.

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Business
9:09 am
Fri May 2, 2014

Unemployment Drops To 6.3 Percent, Lowest In 5 Years

Job seekers sign in before meeting prospective employers during a January career fair at a hotel in Dallas.
LM Otero AP

Originally published on Fri May 2, 2014 12:06 pm

This post has been updated.

The nation's economy added a robust 288,000 jobs in April, far more than forecast, and the unemployment rate fell to 6.3 percent, its lowest level in five years, according to the Labor Department.

The rate, which is the lowest since September 2008, was down from 6.7 percent in March.

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Business
4:59 pm
Sun April 13, 2014

Outdated Tax Code Gives Some Working Spouses A Bad Deal

The U.S. tax code, which dates back to the days of Ozzie and Harriet, works against dual-income spouses. In some cases, it's cheaper for one spouse to stay home.
Sherry Yates iStockphoto.com

Originally published on Mon April 14, 2014 10:07 am

Women today are nearly half the workforce, and two-income couples are the norm. But the U.S. tax code? It's straight out of Ozzie and Harriet.

When it comes to paying taxes, economists say, a lot of secondary wage-earners are getting a raw deal. It's called the marriage penalty.

"The system was never designed to penalize working spouses," says Melissa Kearney, director of the Hamilton Project at The Brookings Institution. "It was just designed in a different era."

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Business
8:49 am
Thu March 13, 2014

Overtime Pay Proposal Triggers A New Debate About Wages

Economists are divided about the White House plan to boost overtime pay for workers.
Doug Finger Gainesville Sun/Landov

Originally published on Thu March 13, 2014 2:56 pm

On Thursday, President Obama rolled out his plan for strengthening overtime pay protections for millions of workers. In his view, if more workers got fatter paychecks, they could spend more and stimulate the economy.

But if his critics are right, then employers would end up laying off workers to make up for the higher wage costs. And that would hurt the already painfully slow recovery.

Which scenario is right?

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Business
6:00 pm
Mon March 10, 2014

Colorado Collected $2.1 Million In January Taxes On Recreational Pot

Marijuana is stored in bins for trimming and packaging in preparation to be sold retail at 3D Cannabis Center, in Denver.
Brennan Linsley AP

Originally published on Mon March 10, 2014 6:38 pm

For the first time since it legalized recreational marijuana, Colorado is releasing revenue figures: The state made $3.5 million in taxes and fees in January.

As KUSA-TV reports, $2.1 million of that came from the sale of recreational pot and $1.4 million came from medical marijuana.

KUSA adds:

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Financial Perspectives
12:41 pm
Fri March 7, 2014

A Lesson in Being Patient

Chornyak & Associates

Joe Chornyak uses a recent personal experience with being patient to illustrate a basic financial investment strategy.  Markets today are volatile and more than likely always will be, but being patient and riding through the storm will always pay off in the long run.  After the 2008 economic downturn markets eventually rebounded and hit record highs.  Every market correction is different, and patience eventually pays off.

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