Business

Economists To G-8: Want Growth? Try This()  

A 2013 Accord is ready to come off the line at the Honda automobile plant in Marysville, Ohio, in 2012. Accords built at the 4,400-employee plant are shipped to South Korea — an example of the importance of trade to manufacturing jobs.

June 17, 2013 Economists hope the leaders of major economies gathering in Northern Ireland will discuss expanding global trade. Since interest rates can't be lowered much further, analysts say, trade will be a key catalyst for growth.

Summary

U.S.

Visa Exchange Program Draws Scrutiny Under Immigration Bill()  

Australian counselors at the French Woods camp in upstate New York celebrate their culture on July 4, 2012. All of French Woods' foreign employees work in the United States through the J-1 visa program.

June 17, 2013 WSHUAs lawmakers consider a sweeping immigration bill, they are taking a close look at a decades-old exchange program popular with foreigners looking for summer jobs. Critics of the J-1 visa program say it can hurt U.S. job seekers at a time when youth unemployment is at 25 percent.

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On Morning EditionPlaylist

It's All Politics

How Rock 'N' Roll Can Explain The U.S. Economy()  

Bruce Springsteen performs during halftime of the Super Bowl in Tampa, Fla., in 2009. In music, and increasingly in other industries, a relative handful of top performers take more and more of the spoils, says White House chief economist Alan Krueger.

June 15, 2013 In music, as in so many industries, the lion's share of the money now goes to a relative handful of top performers, says White House economic adviser Alan Krueger. He says the music business offers valuable lessons about America's "superstar economy."

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On Weekend Edition SaturdayPlaylist

The Two-Way

The Parking Spots That Cost More Than Half A Million Dollars()  

Parking spaces behind 298 Commonwealth Avenue in Boston are seen Friday. The two open spaces at right, front and back, were sold at auction for $560,000.

June 14, 2013 Question: If the median price for a single-family home in Massachusetts is $313,000 and two Boston parking spaces sell for $560,000, how many other spaces does the buyer already have? Answer: Three.

Summary

Business

Housing Market Watchers Edgy As Mortgage Rates Keep Climbing()  

Home values have been rising in recent months, but mortgage rates have taken a rapid turn upward as well. Some investors are worried that the housing recovery may stall if mortgage rates jump too quickly.

June 14, 2013 The Federal Reserve's economic stimulus has helped keep mortgage rates at record lows in the years since the Great Recession. But rates are ticking upward, leaving some investors worried that the nascent housing recovery will suffer if the Fed unravels its policies too quickly.

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On All Things ConsideredPlaylist

Planet Money

When People Make Their Own Banks()  

Harlem funeral directors Tamara Bullock and Patricia Hamilton are going to spend their next savings-club payout on a sky-diving trip (unless Bullock can get out of it).

June 14, 2013 An ex-con lends money to people in need; a group of friends creates a savings club. Even without banks, people often figure out how to get the money they need, when they need it.

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On All Things ConsideredPlaylist

Business

Unpaid No More: Interns Win Major Court Battle()  

Eric Glatt, a Georgetown Law student, poses on Wednesday, in Washington, D.C. Unpaid internships have long been a path of opportunity for students and recent grads. But a federal judge ruled this week that Fox Searchlight Pictures violated minimum wage and overtime laws by not paying interns who worked on production of the 2010 movie Black Swan. Glatt was one of the interns.

June 13, 2013 A federal ruling against a major movie studio's use of unpaid interns could have a wide impact on uncompensated labor, including internships for college credit. Workers' advocates say many interns are preventing workers who can't afford to work free from entering the labor force.

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On All Things ConsideredPlaylist

The Two-Way

Positive Signs: Jobless Claims Drop, Retail Sales Rise()  

June 13, 2013 There were fewer people applying for unemployment insurance last week. And in May, consumers spent more — particularly on cars.

Summary

Dollar For Dollar: Adventures In Investing

How To Invest In Real Estate Without Being A Landlord()  

NPR's Uri Berliner discovers that among his REIT holdings is one that owns the Washington, D.C., site where, until recently, NPR had its headquarters. The building is being torn down and a new building with law offices will go up in its place.

June 13, 2013 One of the simplest ways to invest in real estate is through a real estate investment trust. REITs generate income for investors by leasing commercial properties. As part of his quest to put $5,000 to work, NPR's Uri Berliner learns that what counts as real estate in a REIT keeps expanding.

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On Morning EditionPlaylist

U.S.

Immigration Bill May Keep Wage Exemption For Foreign Herders()  

Antonio Basualdo Solorzano has worked at the Ladder Ranch in south-central Wyoming for eight years. On his wages as a guest worker, he's supported seven children back home in Peru.

June 12, 2013 WPRNPeruvian shepherds on guest worker visas tend thousands of sheep in Wyoming, but they only make about half of what agricultural workers elsewhere are paid. Some ranchers say the exemption from minimum wage requirements is necessary; workers' rights advocates say it's exploitation.

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On Morning EditionPlaylist

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