Economy

Economy

Teenage (Employment) Wasteland

2:52pm June 21, 2018

The teen summer job is a vaunted tradition...one that is fading. Today's teenagers just aren't working as much as their forebears. And that could have serious implications for America's labor market.

The steel used to build lobster traps like these, stacked up outside a fish market on Martha's Vineyard, is getting pricier, thanks to new tariffs.

Got Lobster? Trump's Steel Tariffs Threaten Trap Industry

5:05am June 21, 2018

by Craig LeMoult

The factory that makes wire mesh used in the majority of North American lobster traps says steel tariffs will spike the cost of their product, and lobstermen will bear the brunt of the higher prices.

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Economy

The Plight Of The Living Dead

5:35pm June 20, 2018

The Death Master File is a list kept by the government. It keeps track of everyone who has died. But what happens when you end up on the list while you're still alive?

Commerce Secretary Wilbur Ross Defends U.S. Trade Policies

5:24pm June 20, 2018

by John Ydstie

Commerce Secretary Wilbur Ross said tariffs on U.S. allies were necessary to prevent China from "trans-shipping" goods through those countries. He also said China would not change its policies if the U.S. doesn't continue to apply pressure.

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How An American Company Is Grappling With The Potential Impact Of A Trade War

5:24pm June 20, 2018

NPR's Audie Cornish speaks with Tony Satterthwaite, vice president of Cummins, the world's largest independent producer of engines and generators, about the administration's proposals on tariffs and trade.

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What Tariffs Mean For Markets

8:18am June 20, 2018

The Trump administration has dramatically escalated its trade dispute with China. NPR's David Greene talks with Stephen Moore, who has advised the Trump administration on economic policy.

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News Brief: Republicans Talk Immigration Overhaul, China Tariffs Latest

5:07am June 20, 2018

President Trump met with Republican lawmakers to discuss immigration legislation. Also, we have the latest on the uproar over immigrant family separations and President Trump's tariffs on China.

A single soybean plant grows in a field in the village of Sandaogou, China.

China Tells Farmers To Grow More Soybeans Amid Trade Fight With U.S.

11:23pm June 19, 2018

by Rob Schmitz

After hitting U.S. soybeans with retaliatory tariffs, China is seeking alternatives to supply its important crop.

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After the 2008 financial crisis, rules required much greater transparency on the sale of credit default swaps. But a loophole allows banks to evade regulation by offloading the trades to foreign subsidiaries.

Big Banks Are Once Again Taking Risks With Complex Financial Trades, Report Says

9:37pm June 19, 2018

by Jim Zarroli

Are banks exploiting a loophole in U.S. rules that allows some derivatives traders to escape federal regulation? "We've seen this movie already," said the report's author, Michael Greenberger.

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Global Markets Fall As U.S.-China Trade Tensions Rise

9:37pm June 19, 2018

by John Ydstie

Economists have generally downplayed the impact on the U.S. and global economies, but many are reassessing now that trade tensions appear to be entering a new phase.

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