Business

Business
12:06 pm
Thu October 17, 2013

U.S. Is The World's Largest Producer Of Natural Gas. Here's What That Means

Quoctrung Bui

Originally published on Fri October 18, 2013 11:37 pm

Natural gas production in the U.S. is going through the roof. The U.S. now produces more natural gas than any country on Earth, according to a recent report from the U.S. Energy Information Administration.

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Business
2:05 am
Thu October 17, 2013

The Roots Of Franchising Took Hold In A Hair Salon Chain

Gary Robins sits in the chair of his Supercuts salon in Media, Pa., one of 41 he owns throughout Philadelphia and Delaware.
Will Figg for NPR

Originally published on Thu October 17, 2013 9:23 am

We have been reporting for several weeks now on small businesses in America. Today, we explore a business system where entrepreneurs and corporations come together: franchising. Franchising is a bit like marriage. It takes a good long-term relationship to succeed.

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Business
11:15 am
Wed October 16, 2013

The 1973 Arab Oil Embargo: The Old Rules No Longer Apply

On Dec. 23, 1973, cars formed a double line at a gas station in New York City. The Arab oil embargo caused gas shortages nationwide and shaped U.S. foreign policy to this day.
Marty Lederhandler AP

Originally published on Sun October 20, 2013 7:31 am

Forty years ago this week, the U.S. was hit by an oil shock that reverberates until this day.

Arab oil producers cut off exports to the U.S. to protest American military support for Israel in its 1973 war with Egypt and Syria. This brought soaring gas prices and long lines at filling stations, and it contributed to a major economic downturn in the U.S.

The embargo made the U.S. feel heavily dependent on Middle Eastern oil, which in turn led the U.S. to focus on instability in that region, which has since included multiple wars and other U.S. military interventions.

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Business
1:56 am
Thu October 10, 2013

When It Comes To Jobs, Not All Small Businesses Make It Big

Sweetgreen co-founders Nathaniel Ru (from left), Jonathan Neman and Nicolas Jammet at the opening of a Virginia location last year.
Courtesy of Sweetgreen

Originally published on Wed October 16, 2013 3:38 pm

Part of a series about small businesses in America

When it comes to job creation, politicians talk about small businesses as the engines of the U.S. economy. It's been a familiar refrain among politicians from both major parties for years.

But it obscures the economic reality. It makes a nice slogan, but it's not really accurate to say that small businesses produce most of the nation's new jobs, says John Haltiwanger, an economics professor at the University of Maryland.

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Business
2:26 am
Wed October 2, 2013

World Immigration Called 'Win-Win' For Rich Nations, And Poor

Migrant workers from Nepal take part in a Labor Day rally in Hong Kong in May. This week, the United Nations holds a high-level meeting on issues related to worldwide migration.
Philippe Lopez AFP/Getty Images

Originally published on Tue October 8, 2013 8:49 am

The number of people who leave their countries to work abroad is soaring, according to the United Nations. More than 200 million people now live outside their country of origin, up from 150 million a decade ago.

And migration isn't just from poor countries to rich countries anymore. There also is significant migration from rich country to rich country — and even from poor country to poor.

Beginning Thursday, the U.N. will hold a high-level meeting on the subject in New York.

Moving For Work

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Business
2:04 pm
Sat September 28, 2013

My Governor Can Beat Up Your Governor (Or Thinks He Can)

In friendlier times, Maryland Gov. Martin O'Malley, left, and Texas Gov. Rick Perry participate in a 2011 panel discussion in Washington, D.C. At the time, O'Malley was chairman of the Democratic Governors Association; Perry was chairman of the Republican Governors Association. Now they're in a spat over Perry's efforts to lure Maryland businesses to Texas.
Alex Brandon AP

Rick Perry wants your business.

The Republican governor has been turning up in other states, touting the wonders of Texas and promising business owners they'll find lower taxes and more manageable regulation there.

"It does help get the word out to business leaders that may be frustrated," says David Carney, a longtime consultant to Perry. "Going in person can get literally hundreds of thousands of dollars of free media coverage."

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Business
2:58 am
Tue September 24, 2013

When It Comes To Businesses, How Big Is Small?

iStockphoto.com

Originally published on Wed October 16, 2013 3:41 pm

First in a series about small businesses in America.

Small businesses are celebrated and exalted as the hard-working, most deserving members of the political economy. They get tax breaks, and they're touted as the engines of job creation.

But a basic question: What is a small business? It turns out there is no one definition.

Classifications Of Small

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Business
3:38 pm
Fri September 20, 2013

Chemicals Industry Makes Baton Rouge No. 1 Most Export-Intensive Metro

Baton Rouge Profile from Export Nation 2013
Brookings Institution

In his 2010 State of the Union Address, President Obama launched the National Export Initiative. As the country was emerging from the Great Recession, the President said he wanted the U.S. to double exports by 2014.

Only four of the top 100 metro areas in the country are on track to meet that goal. Baton Rouge is one. New Orleans is another. That's according to the Brookings Institution's latest "Export Nation" report, which was released earlier this week.

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Business
5:12 pm
Wed September 18, 2013

The Fed's Surprising Decision: Should You Cheer Or Boo?

Federal Reserve Chairman Ben Bernanke arrives to speak at a news conference Wednesday in Washington, D.C. The Fed cut its economic growth forecasts and said it would keep buying bonds in a bid to keep interest rates down.
Mark Wilson Getty Images

If you are trying to buy a home, you just got good news: The Federal Reserve said Wednesday it is not going to try to drive up long-term interest rates just yet.

Stock investors are happy for you. They like cheap mortgages too because a robust housing market creates jobs. To celebrate, they bought more shares, sending the Dow Jones industrial average up 147.21 to an all-time high of 15,676.94.

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The State of Working Louisiana
6:00 am
Mon September 9, 2013

Report: Wages Stagnant, Unemployment on the Rise in La.

Credit Louisiana Budget Project

A recent study by the Louisiana Budget Project gives a snapshot of the state’s economy from the perspective of the workers themselves.

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