A payday loan is a costly form of credit operating on the fringes of the economy. That's why the target of a new crackdown by federal regulators may surprise you: Instead of a forlorn-looking storefront with a garish neon sign, it's your familiar neighborhood bank.
A small but growing number of banks, including some major players, have been offering the equivalent of payday loans, calling them "deposit advances."
That is, at least, until bank regulators stepped in Nov. 21 and put new restrictions on the loans.
A train leaves the Rangeland Energy company's crude oil loading terminal near Epping, N.D. So far this year, 60 percent of all oil produced in North Dakota left the state by rail. One economist says there aren't enough oil tankers to fill the demand.
The oil boom in the United States is creating another boom — for the railroad industry.
So far this year, in North Dakota alone, 140 million barrels of oil have left on trains. Shipments of crude oil by rail are up almost 50 percent over last year — and this upward trend is expected to continue.
A visit to the world-famous Tehachapi Loop, part of a winding mountain pass in Southern California, demonstrates the scale and reach of the oil boom in the middle of the country. As a train full of oil tanker cars rumbles past, it's hard not to think of it as a pipeline on wheels.
Governments around the world have agreed to limit global warming to 2 degrees Celsius (3.6 degrees Fahrenheit). That would require an 80 percent reduction in energy sources like coal, oil and natural gas, which emit carbon dioxide into the air.
Nations are far from that ambitious path. There are big political and economic challenges. But technologists do see a way — at least for the United States — to achieve that goal.
Originally published on Tue November 19, 2013 8:04 pm
Thirteen billion dollars is a lot of money, but it's not going to add up to a huge windfall for many consumers.
Thousands of homeowners will receive significant financial relief under the terms of a $13 billion settlement with JPMorgan Chase & Co. that was announced Tuesday by the Justice Department. But the bulk of the funds will be going either to investors or government coffers.
It's a big week for the video game industry; Sony just released the PlayStation 4 and Microsoft will release its new Xbox games console Friday. All Tech Considered is kicking off the week with a look at just how big the industry has become and who plays these days. Robert Siegel talks with industry expert John Davison. He's currently general manager of content and publishing for video game company Red Robot Labs.
Allegations that Miami Dolphins players harassed one of their own teammates got us thinking about other subtle forms of intimidation that can happen in the workplace. One out of every three people report being bullied on the job. That's according to a survey done by the Workplace Bullying Institute. Its director, Gary Namie, spoke to NPR's Linda Wertheimer. He told her bullying happens across income levels but that it's more likely to occur in particular professions.
My parents moved away from Lincoln, Ill., two decades ago, when I was in college. I hardly ever get back there. But my mom still works in Lincoln, and it was to Lincoln I headed to meet her this fall, after returning to the U.S. from the Middle East.
The phrase "Who Dat" is ubiquitous in New Orleans. A Texas-based company says it owns the rights to the phrase, and while homemade signs don't run afoul of its trademark, it says merchandise like T-shirts is another matter.
During pro football season, New Orleans becomes " 'Who Dat' Nation." Fans open New Orleans Saints games with the signature chant and use it to rattle the eardrums of opponents during play.
Since the Saints' Super Bowl win in 2010, the phrase has popped up everywhere, from T-shirts to business names. Even people who don't watch football call themselves "Who Dats." But a messy legal question keeps rearing its head here: Who owns "Who Dat"?
Skycap Biniyam Yehuala hefts a traveler's bag at Seattle-Tacoma International Airport. On Tuesday, voters in SeaTac, Wash., approved a minimum wage of $15 an hour for roughly 6,300 low wage workers' whose jobs are at or near the airport.
Originally published on Wed November 6, 2013 6:20 pm
On many economic issues, Americans are deeply divided. But when it comes to giving pay raises to minimum wage workers, voters overwhelmingly say: Do it.
That message jumped out Tuesday when more than 6 in 10 voters in New Jersey approved an increase in their state's minimum hourly wage. In January, the wage will rise to $8.25, well above the federal minimum of $7.25 an hour.