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NPR Topics: Business Tue, 02 Dec 2008 17:21:00 -0500
  • How The Recession Compares To Other DownturnsThe board responsible for assessing economic cycles announced Monday the U.S. economy is in a recession, and has been for nearly a year. Jeff Frankel, a Harvard professor and a member of the Business Cycle Dating Committee for the National Bureau of Economic Research, offers his insight.
  • High Court Hears Argument On Power PlantsUtilities want the Supreme Court to reinstate a Bush administration regulation that was overturned by lower courts. The regulation allowed utilities to consider the cost of the cleanest technology and not install it if fails a cost-benefit analysis.
  • Own Electric Car, But No Garage? Firm Has AnswerIn Silicon Valley, there are now enough fully electric cars to spark a new business: car-charging stations. One company is joining with the city of San Jose to offer car-charging outlets on streetlight poles, in parking lots and even on parking meters.
  • Immigration Experts Predict Fewer Workplace RaidsAs the Obama administration takes shape, many experts are betting it will significantly curtail one of the most visible and controversial facets of the Bush administration's immigration crackdown: the high-profile workplace raids in which federal agents arrest dozens, even hundreds, of undocumented workers.
  • Automakers' Prepare To Return To WashingtonThis week, executives from the Big Three head back to Washington to make another plea to lawmakers for loans. We look at their latest plan to prop up their ailing companies.
  • Columnist Dan Neil: Nationalize GMThe heads of Ford, Chrysler and GM head to Capitol Hill this week in hopes of securing $25 billion in bailout money. But Dan Neil of the Los Angeles Times is proposing another option for the biggest of the three: The government should simply buy GM.
  • The Best Way To Sell Your StuffOur personal finance contributor says one way to increase your budget is to sell those unneeded items stored in your garage or closet. She offers tips on the most lucrative way to do this.
  • Will Obama's FCC Push For Internet Access For All?The Federal Communications Commission has a range of responsibilities, including overseeing emergency communications systems and regulating "wardrobe malfunctions." If the president-elect's advisers are any indication, however, high-speed broadband may soon become the commission's top priority.
  • Big Three Offer Restructuring Plans As Sales PlungeSales at Detroit's Big Three automakers plunged in November, with General Motors falling 41 percent, Chrysler 47 percent and Ford 31 percent. The dismal numbers came as the automakers unveiled strategic plans Tuesday for their companies in a bid for a $25 billion government bailout.
  • Shipping Ports Feel Economic Downturn FirsthandThe twin Ports of Los Angeles and Long Beach are the busiest in the nation. But as the economy has declined, so have imports. The repercussions are being felt throughout Southern California, and the people who work the docks and warehouses are being affected.
  • European Union Deal Cuts Car Emissions In 6 YearsNegotiators from European Union governments and the European Parliament tentatively have agreed on new standards for cutting global-warming gases. The new rules would apply to only new-car fleets in six years. The EU Commission had wanted a three-year deadline. The deal still needs approval by the European Parliament and all 27 EU nations before becoming law.
  • What's A 2-Pound Truffle Worth These Days? $200KDespite the economic downturn, there are still some big spenders out there. A Chinese casino mogul just paid $200,000 for an Italian white truffle. The super gourmet mushroom weighed more than 2 pounds. But the price, paid at a recent international trufflle auction, was not a record. Last year, the same man, Stanley Ho, bought a slightly heavier truffle for $330,000 — an all-time high.
  • Foreign Markets Follow Wall Street's PlungeJapan's main index fell more than 6 percent. South Korea was down more than 3 percent. Hong Kong's main stock average fell nearly 5 percent, partly on grim economic news out of China. The drop in world markets follows a nearly 8 percent plunge in the Dow, after the National Bureau of Economic Research issued a report declaring that the U.S. officially is in recession.
  • Automakers Reporting Back To CongressExecutives from Detroit's Big Three carmakers are back on Capitol Hill this week to make a new pitch for $25 billion in federal loans. The executives were grilled during their first visit and have retooled their pitches.
  • Economists: U.S. In Recession For 1 Year AlreadyThe U.S. economy is in a recession. The National Bureau of Economic Research, which tracks economic cycles, says the downturn began last December. Many economists believe it'll be the most severe since the 1981-82 recession. David Wessel of The Wall Street Journal talks with Steve Inskeep about the economy.