Farmer Richard Wilkins, a firm believer in genetically modified crops, examines the corn crop at his farm in Greenwood, Del. U.S. and EU officials begin talks Monday on an ambitious free-trade agreement. One stumbling block is agriculture. Unlike the U.S., the EU bans the cultivation of genetically modified crops.
Credit Eleanor Beardsley / NPR
Most American beef is banned in Europe because most U.S. cattle are raised on genetically modified food. French farmer Michel Baudot has about 500 head of cattle in the Burgundy region and says he believes those rules should remain in place.
U.S. and EU officials begin talks Monday on an ambitious free-trade agreement aimed at generating billions of dollars of new trade. But negotiators must overcome barriers created by cultural and philosophical differences over sectors like agriculture. In Europe, the cultivation of genetically modified crops is banned, while in the U.S., they are a central part of food production. NPR's Jackie Northam visited a farm in Delaware and NPR's Eleanor Beardsley visited one in Burgundy, France, to look at those deep-seated differences. We hear from Jackie first.
Why does anyone buy Bayer aspirin — or Tylenol, or Advil — when, almost always, there's a bottle of cheaper generic pills, with the same active ingredient, sitting right next to the brand-name pills?
Matthew Gentzkow, an economist at the University of Chicago's Booth school, recently tried to answer this question. Along with a few colleagues, Gentzkow set out to test a hypothesis: Maybe people buy the brand-name pills because they just don't know that the generic version is basically the same thing.
Check out the video at the bottom of the page to see how this box transforms ...
Credit Muhammad Hamed / Reuters/Landov
Millions of refugees, such as these at the Zataari camp in Mafraq, Jordan, call the canvas tents provided by the UNHCR home. But the tents are hot during the day, cold at night, afford little privacy, and only last about six months. Ikea and the U.N. refugee agency are working together to come up with an alternative.
Credit Ikea Foundation
...into a temporary shelter that is designed to last up to three years and provide electricity via solar panels.
Ernst von Freyberg, president of the Vatican Bank Institute for Works of Religion, or IOR, talks with The Associated Press during an interview June 10 at his office in Vatican City. He was named the bank's interim director on Monday after the director and the deputy director both resigned.
Two top officials of the Vatican bank resigned Monday just days following the arrest of a senior cleric with ties to the institution after police caught him with the equivalent of about $26 million in cash that they say he was trying to bring into Italy from Switzerland.
The interest rate on government-backed student loans is going to jump from 3.4 percent to 6.8 percent Monday.
Republicans, Democrats and the Obama administration could not agree on a plan to keep it from happening. Lawmakers say a deal is still possible after the July 4 recess. But if they don't agree on a plan soon, 7 million students expected to take out new Stafford loans could be stuck with a much bigger bill when they start paying the money back.
It has been one of the more heated debates in Washington this year.
Developers in Phoenix are scrambling to keep up with another frenzied demand for housing. During the Great Recession, homebuilders in the suburbs abandoned neighborhoods that were only half-built. These so-called zombie subdivisions left a ring of unfinished construction around the city.
A worker installs parts on a Chrysler SUV engine at the Jefferson North Assembly Plant in Detroit. Plants in the U.S. are now operating above 90 percent capacity, but automakers are wary of adding large numbers of new workers.
There is one basic question that keeps being asked about the U.S. auto industry: Is it on the rebound?
"People ask a lot, is the auto industry back?" says Kristin Dziczek, a director at the Center for Automotive Research. "And it depends on what scale you want to look at."
So if we're looking at scales, let's start with productivity. In this case, how many work hours it takes to build a car. Productivity in U.S. plants is 39 percent higher than it was in 2000. "Productivity has never been this high," Dziczek says.
It's not your everyday real estate deal. A team of young entrepreneurs persuaded about 50 deep-pocketed investors to help them purchase a mountain. The deal just closed in April, and development on Utah's nearly 10,000-acre Powder Mountain is now underway.
"When we made those first phone calls, everybody's like, what? That being said, they know that we aren't kidding," says Jeff Rosenthal, co-founder of Summit, the group that led the purchase of the peak.
When the maker of a brand-name drug pays a maker of generic drugs to not produce a lower-priced version of their product, the Federal Trade Commission can challenge the arrangement on antitrust grounds, the Supreme Court ruled Monday. The ruling may end the era of what regulators call "pay-for-delay" deals.
The justices voted 5-3 to allow a case to go forward in which the FTC is challenging one of many such deals. Several companies are involved in the case, including Solvay Pharmaceuticals, maker of AndroGel, and generic-drug maker Actavis.
"Oh, I checked every place in town, and they were outrageous," says Shannon Kelly. "It would be anywhere from $4 to $500, and I just don't have that right now."
Kelly had just walked into Rent N Roll, a rent-to-own tire store in Ocala, Fla. She was looking to rent a set of tires for her truck. Tire rental stores like this one have been around for a while, but until recently, most of their customers rented fancy rims. These days, it's becoming more common for the stores to rent simple tires to people who don't have the cash to buy tires outright.
Originally published on Thu June 13, 2013 12:18 pm
More women are getting into farming, according to a recent analysis from the U.S Department of Agriculture.
The agency crunched numbers from the Agriculture Census and found that the number of U.S. farms operated by women nearly tripled over the past three decades, from 5 percent in 1978 to 14 percent by 2007.
As a result of Joe Chornyak's recent meetings with portfolio managers, he uncovered some surprising insights as to what is HOT in financial markets today. Don't miss this video in which he shares with us his thoughts on creating the greatest opportunity over the long haul.
"I'm a carpenter/cabinet-maker/woodworker, and I think I'll be retiring the day I die."
Michael Powers, 47, is not alone in his retirement insecurity. According to a Pew study published in May, members of Generation X — aged 38 to 47 — are on track to be the first generation to do worse in retirement than their parents. Assuming they retire at all.
Graduates of Bowie State University wave to friends and family at the school's graduation ceremony in College Park, Md., on May 17. This year's graduates are finding better job prospects than at any time since 2008.
For the last five years, graduation day has been as much a time for apprehension as for celebration.
Even now, with the Great Recession over, many recent graduates are still struggling to turn their high school and college diplomas into tickets for a better life. The unemployment rate for Americans under age 25 remains more than double the overall rate of 7.5 percent.
With all the options available to you, the Medicare enrollment process can seem overwhelming, especially if you leave important decisions to the last minute. Commonwealth Financial Network provides the following advice to ease any potential discomfort about making the correct choices.