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Thursday, June 20, 2013

Business

If Supplies Of Oil Are Up, Why Is Gas Still Pricey?

Jim White of Pennsylvania, pumps gas at a BP station in Ocala, Fla., in April. The price of gasoline remains stubbornly high, which may put a crimp on summer travel plans.

KUHFSupplies of oil have been surging this year, and U.S. drivers, who have been switching to more fuel-efficient cars, are using less gasoline.That would seem to be the right economic combination to push down prices at the pump, but gasoline prices have remained stubbornly high this summer.

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Parallels

Can This Dominican Factory Pay Good Wages And Make A Profit?

Aracelis Upia Montero works at the Alta Gracia garment factory in the Dominican Republic. She says she was desperately poor before she began working at the factory, which pays much higher than usual wages. "I'm now eligible for loans and credits from the bank because I earn a good salary," she says.

Textile workers in some poor countries like Bangladesh can make less than $100 a month. One factory in the Dominican Republic is trying something different: It's paying workers $500 a month. The company has yet to break even after three years, but the CEO says the business is growing rapidly and he believes it will be profitable.

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All Tech Considered

In More Cities, A Camera On Every Corner, Park And Sidewalk

Micaela Torres and 2-year-old Jakai Johnson swing underneath a surveillance camera at Miwok Park in Elk Grove, Calif. The city's police department collects more than 100 video feeds from across the city.

A growing number of cities are using surveillance cameras in the hope of fighting crime, but all that video is almost useless without powerful search tools to sort the material. The municipal camera trend is proving to be big business for companies that design video analytics software.

Summary

Wednesday, June 19, 2013

G-8 Nations Pledge To Crack Down On Corporate Tax Evaders

Leaders take part in the G-8 summit in Northern Ireland on Tuesday. Their discussions included tax-avoidance issues.

June 19, 2013 This week's meeting of the Group of Eight industrialized countries concluded with a pledge to end the use of tax shelters by multinational corporations. But there are still big questions about how they will make a dent in the problem.

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The Two-Way

Fed Leaves Interest Rates And Bond Purchase Plan Untouched

Federal Reserve Chairman Ben Bernanke said Wednesday that a fall in the unemployment rate would not automatically trigger a rise in interest rates. He spoke to the media after the central bank issued a policy update.

June 19, 2013 The Federal Reserve will continue its program of purchasing $85 billion in securities and will leave the target interest rate for federal funds untouched to support the U.S. economy, the U.S. central bank said in a policy update issued Wednesday afternoon.

Summary

Business

U.S. Automakers Are On A Roll, But Hiring Is Slow And Steady

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.

June 19, 2013 Profits for the nation's carmakers are on the rise, but after years of doing more with less, higher profits are unlikely to translate into significant numbers of new jobs. There are eight fewer plants and hundreds of thousands fewer workers in the industry than before the Great Recession.

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Dollar For Dollar: Adventures In Investing

The Art Of Investing: The Rewards Aren't Always Financial

Flower Study #14 by Vladimir Kryloff, the painting NPR's Uri Berliner bought as an investment for $450.

June 19, 2013 The Internet makes collecting and even investing in art much more accessible to ordinary people. As part of his adventures in investing, NPR's Uri Berliner pays $450 for an abstract flower study he's only seen online. Is it an investment or a painting he's just happy to have hang on his wall?

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Tuesday, June 18, 2013

The Two-Way

Amazon Cuts Ties In Minnesota Ahead Of New Sales Tax

June 18, 2013 Amazon ends the contracts of people and businesses that are paid for sending customers to the retailer. The company has taken similar steps in other states that have passed laws like Minnesota's new sales tax legislation.

Summary

Monday, June 17, 2013

The Salt

Dirty Spuds? Alleged Potato Cartel Accused Of Price Fixing

Clearly, he's as surprised by the allegations as the rest of us.

June 17, 2013 A civil lawsuit that shifted into U.S. district court in Idaho last week alleges that the United Potato Growers of America has become a veritable OPEC of spuds. The group is accused of using high-tech, strong-arm tactics to inflate potato prices.

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