Business

Business
4:37 am
Sat January 17, 2015

Lower Gas Prices, Faster Economy Float Boating Industry

Larry Coleman, a salesman with Trudeau's Marine, talks to Bill Floren and Kimberly Abramski at the 55th Annual Portland Boat Show on Jan. 7 in Oregon. Lower fuel costs are projected to boost boat sales this year.
Kristyna Wentz-Graff The Oregonian/Landov

Originally published on Sat January 17, 2015 10:57 am

The Great Recession and high oil prices hit the boat industry hard, knocking down sales. Now, with hiring up and fuel prices down, the boat industry is expecting a rebound. And enthusiasts are crowding into boat shows around the country.

Thom Dammrich, president of the National Marine Manufacturers Association, says that any extra money in boaters' pockets is good for business. In fact, his organization is forecasting up to 5 percent higher sales for new powerboats this year.

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Economy
9:21 am
Wed January 14, 2015

Loyola Study Finds Families Struggling To Meet Basic Needs

Originally published on Thu January 15, 2015 9:37 am

A Loyola University report finds nearly a quarter-million families in Louisiana are struggling to meet basic needs.

The school’s Jesuit Social Research Institute finds low wages, high housing and health-care costs and scarce child care are to blame.

Researcher Ali Bustamante says a Louisiana single parent with one child needs $45,840 a year  to meet a family's basic needs. That bracket needs a $22 hourly wage.

The three metro areas with the highest costs of living in Louisiana are — in order — New Orleans, Baton Rouge and Lafayette.

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Business
9:19 am
Fri January 9, 2015

House OKs Keystone XL Pipeline Despite Obama Veto Threat

Originally published on Fri January 9, 2015 4:53 pm

Updated at 1:08 p.m. ET.

The GOP-controlled House of Representatives has voted 266-153 to approve the Keystone XL pipeline despite a presidential veto threat, just hours after Nebraska's Supreme Court, in a split decision, cleared the way for the controversial project.

The Senate, which also has a Republican majority, is considering similar legislation.

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Business
10:15 am
Sat December 27, 2014

Smartphone App Developed In Louisiana Helps Hunters To 'Hunt Smarter'

The Huntsoft hunting app was created by a pair of Louisiana deer hunters with years of experience in the software industry.
Kevin Chang Flickr

Originally published on Tue December 23, 2014 11:35 am

Louisiana has been called a “sportsman's paradise,” and now big game hunters are getting the high-tech treatment with a new smartphone app.

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Business
2:31 am
Fri December 26, 2014

As Uber Expands, It Asks Cities For Forgiveness Instead Of Permission

The app-based car service Uber has had a big year for business --€” and controversy.
Ariel Zambelich NPR

Originally published on Wed December 31, 2014 11:18 am

Perhaps no single company has stirred so many emotions this year — across so many continents — as Uber.

In 2014 Uber became more — much more — than a car service: The Silicon Valley startup became a symbol for capitalism itself.

The company's value soared from under a billion to about $40 billion, making it one of the most valuable private companies on Earth. But it also has become mired in turf wars, legal battles and scandal.

Hypergrowth And Backlash

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Business
6:03 pm
Tue December 23, 2014

A Backlash Brews Against Low Pay On The Factory Floor

Nissan workers at a plant in Canton, Miss. The auto company received financial incentives, including tax relief, from the state for the factory.
Rogelio V. Solis AP

Originally published on Sun January 4, 2015 2:53 pm

Forty years ago, a manufacturing job was often a ticket into the middle class. That's not the case today. Wages for manufacturing jobs are plummeting, and some states are questioning whether competing for those jobs is still worth it.

For Cynthia Hunter, a $9-per-hour manufacturing job offer meant she could stay in the workforce after taking a buyout from her management job at Exxon Mobil in 2012.

"I was scared to stay out of the marketplace," says Hunter, 58. "I mean, I have worked all these years, and I never in my life collected unemployment — ever."

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Business
4:06 pm
Thu December 11, 2014

Why The White House Wants To Go After Seafood Pirates

A crab pot full of snow crabs, fished out of the Bering Sea.
Josh Thomas Courtesy of WWF

Originally published on Sun December 14, 2014 9:02 pm

Americans eat more seafood than just about anyone else. Most of it is imported from abroad. And a lot of it — perhaps 25 percent of wild-caught seafood imports, according to fisheries experts — is illegally caught.

The White House is now drafting recommendations on what to do about that. Fisheries experts say they hope the administration will devote more resources to fight seafood piracy.

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Business
4:11 am
Tue December 9, 2014

That Nest Egg Needs To Last As Long As You Do. So How Do You Start?

While people can often estimate how much they might need for 10 or 15 years of retirement, that calculation becomes more difficult for retirement that could last 20 years or more.
Gary Waters Ikon Images/Getty Images

Originally published on Fri January 2, 2015 4:47 pm

Retirement for baby boomers will look different than it did for their parents — Americans are living longer, health care costs more, fewer people have pensions today, and many people facing retirement haven't saved much.

All of that makes managing the nest egg you do have even more vital. But many people need and want guidance on what they should do to make sure their retirement savings last.

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Business
3:58 pm
Mon December 8, 2014

GOP Leaders: Gas Tax Hike Could Fuel Fixes To Bad Roads And Bridges

Thomas Harden of Chicago pumps gas into his truck. He says he wouldn't support a gas tax increase.
David Schaper NPR

Originally published on Tue December 9, 2014 12:57 pm

Gasoline prices are at their lowest level in four years. The price at the pump in many states is almost a full dollar cheaper than it was last spring.

So some politicians think this is a good time to raise gasoline taxes. Several states are tired of waiting for Congress to fix the federal highway trust fund, so they're considering raising gas taxes themselves to address their crumbling roads.

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Business
3:57 pm
Sun December 7, 2014

Female Butchers Are Slicing Through The Meat World's Glass Ceiling

Master butcher Kari Underly cuts into a hog during a "Women in the Meat Business" workshop in Chapel Hill, NC.
Leoneda Inge North Carolina Public Radio

Originally published on Mon December 8, 2014 12:30 pm

Kari Underly is slicing through half a hog as if it were as soft as an avocado ... until she hits a bone.

"So what I'm doing now is I'm taking out the femur bone," she explains to a roomful of about 30 women watching as she carves the animal. "The ham is a little bit of a drag, if you will, 'cause we have to make money, and not everybody wants a big ham."

Underly is a fit, 46-year-old master butcher from Chicago. Her father and grandmothers were butchers. She put herself through college cutting meat. These days, she encourages other women to enter the business.

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