ECONOMY

Brookfield, Vt., residents fear that Postal Service changes will eventually lead to the closing of their small town post office. About 1,300 people live in Brookfield, according to 2010 U.S. Census figures.

For Rural Towns, Postal Service Cuts Could Mean A Loss Of Identity

12:11pm February 09, 2013

by Steve Zind

The U.S. Postal Service's decision to end Saturday delivery comes on the heels of a plan to reduce hours at many rural post offices. In Vermont, residents of small towns are worried the change is another step toward the eventual demise of their local post offices.

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Economy

Effects Of Postal Service Cuts Could Ripple Through Middle Class

12:11pm February 09, 2013

Weekend Edition Saturday host Scott Simon talks with Philip Rubio, assistant professor of history at North Carolina A&T State University, about how the series of cuts in Saturday delivery, office closures and other budget-saving measures will affect groups that have historically relied on jobs with the Postal Service. Rubio is the author of There's Always Work at the Post Office. Before he became a history professor, Rubio carried mail for the Postal Service for 20 years.

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The Garment District's factories and wholesale and retail shops, including Spandex World on West 38th Street, employ about 7,100 people.

New York's Grimy Garment District Hatches Designers' Dreams

8:07pm February 07, 2013

by Padmananda Rama

As Fashion Week opens in New York on Thursday, all eyes will be on the Lincoln Center catwalk. But the real business of fashion will be happening a short distance away in the city's Garment District, the resource-rich laboratory that has launched the careers of countless designers.

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Employees of Hellenic Postbank protest during a strike against the bank's privatization in Athens, in December.

Privatization Of Greek Assets Runs Behind Schedule

3:07pm February 07, 2013

by Sylvia Poggioli

The sweeping fire sale is a requirement for multibillion-euro bailouts. And the Chinese, Russian and Arab companies lining up to take advantage of the steep discounts are making Greeks and other Europeans nervous.

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Bonet and his sister, Didra, are shown here in Puerto Rico in this undated family photo.

Puerto Rico's Battered Economy: The Greece Of The Caribbean?

10:51am February 06, 2013

by David Greene

With the highest unemployment rate in the U.S. and a mountain of debt, the island is facing a declining population. But those who stay insist they're there for the long haul.

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Economy

Cities Must Strategize To Boost Service Workers' Pay

10:51am February 06, 2013

Urban scholar Richard Florida has found a problem with the way our cities are evolving. He talks to Steve Inskeep about who wins and who loses as the highly skilled, creative class clusters around certain metro areas. Florida is the author of The Rise of the Creative Class.

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The Xlerator hand dryer is made almost entirely of American components and assembled in Massachusetts. But the company's owner says it's simply not cost-effective to use an American-made motor.

Why Is It So Hard To Make A 100 Percent American Hand Dryer?

8:17pm February 05, 2013

by NPR Staff

The Xlerator high-speed hand dryer is made almost entirely of U.S.-made parts and manufactured by a small workforce in Massachusetts. But its motor, like almost all nonindustrial motors, is made in Asia — meaning it's very difficult for small manufactured goods to be entirely American made.

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Economy

S&P Lawsuit Puts Ratings Firms Back In The Spotlight

7:17pm February 05, 2013

by Jim Zarroli

The Justice Department says it could seek more than $5 billion in damages from the nation's biggest credit ratings company. Critics of the agencies say the firms have for decades built their business on revenue from the Wall Street firms they are rating, instead of being a resource for investors.

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Miguel Fontanez Sr., the owner and founder of Pioco's Chicken in Kissimmee, Fla., serves customers at his restaurant. He opened the restaurant 11 years ago, and it has become a hub for the area's large Puerto Rican community.

One-Way Tickets To Florida: Puerto Ricans Escape Island Woes

6:09pm February 05, 2013

by Greg Allen

Life in Puerto Rico is tougher than ever. The U.S. territory — popularly known as "the island of enchantment" — faces a decaying economy and escalating violent crime rate. Many residents are leaving the island in record numbers and embracing the mainland as home.

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Illegal logging is widespread in Cambodia, and efforts to prevent it have had only a limited impact. Much of the wood is destined for China.

As China Builds, Cambodia's Forests Fall

2:29pm February 04, 2013

by Michael Sullivan

Members of China's growing middle class are eager to spend their money on luxury goods, including hardwood furniture. The growing demand has led to massive illegal logging in Cambodia.

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