Chris Arnold http://kanw.com en Onlookers Show No Worry Over Market's Week In Tumult http://kanw.com/post/onlookers-show-no-worry-over-markets-week-tumult Transcript <p>MELISSA BLOCK, HOST: <p>From NPR News, this is ALL THINGS CONSIDERED. I'm Melissa Block.<p>AUDIE CORNISH, HOST: <p>And I'm Audie Cornish. Volatile, that's the kind of week the stock market had. Investors sold off high-flying technology and biotech stocks. Weak bank earnings also added to the sour mix. The NASDAQ is down 8 percent from its peak this year. The S&P 500, it's off 4 percent. Fri, 11 Apr 2014 20:06:00 +0000 Chris Arnold 41803 at http://kanw.com One More Speed Bump For Your Retirement Fund: Basic Human Impulse http://kanw.com/post/one-more-speed-bump-your-retirement-fund-basic-human-impulse Saving for retirement is a challenge facing most Americans. Research shows the challenge is made harder by our basic human impulses. We know we should be saving. But we don't. We consistently make bad financial decisions.<p>One thing that leads us astray is what behavioral economists call "loss aversion." In other words, we hate losing. And that gets in the way of us winning — if winning is making smart financial decisions.<p><strong>How A Smashed Car Is Like A Smashed Nest Egg</strong><p>A few months ago I got rear-ended and my Jeep Cherokee was totaled. It's the first new car I ever bought. Thu, 03 Apr 2014 22:27:00 +0000 Chris Arnold 41462 at http://kanw.com One More Speed Bump For Your Retirement Fund: Basic Human Impulse How Russia's Annexation Of Crimea Could Hurt Its Economy http://kanw.com/post/how-russias-annexation-crimea-could-hurt-its-economy Russian President Vladimir Putin's swift move to annex Crimea is seen as a sign of strength by many Russians, and it has boosted Putin's popularity at home. But when it comes to Russia's economy, many analysts think Russia's prospects are looking weaker.<p>In recent days, we've seen Russians rallying in the streets, waving flags and celebrating Putin's move to reclaim Crimea as part of Russia.<p>And before that, Putin has been active on the world stage, hosting the Olympics and standing up for Russia's interests in Syria. Wed, 26 Mar 2014 21:38:00 +0000 Chris Arnold 41100 at http://kanw.com How Russia's Annexation Of Crimea Could Hurt Its Economy Severe Weather Socks The Economy, But Full Impact Is Unclear http://kanw.com/post/severe-weather-socks-economy-full-impact-unclear The economy often absorbs the impact of snowstorms, such as <a href="http://www.npr.org/blogs/thetwo-way/2014/03/03/285171762/what-a-blast-wicked-winter-storm-spreads-across-nation" target="_blank">this week's storm</a>, without much trouble, but this winter the weather is doing more damage than usual.<p>Sal Sambataro, the manager of Il Cortile in Manhattan, says that when the weather is better, people are packed into the family-owned Italian restaurant. On a recent day, though, the temperature is close to 15 degrees and the doorman wears a furry hat. Tue, 04 Mar 2014 22:46:00 +0000 Chris Arnold 40124 at http://kanw.com Severe Weather Socks The Economy, But Full Impact Is Unclear Grounded And Confounded, Airlines Wait For Storms To Pass http://kanw.com/post/grounded-and-confounded-airlines-wait-storms-pass The snow and ice storms sweeping the East Coast have been felt not only on the ground but in the air, as well. Airlines are cancelling thousands of flights, and both the companies and their passengers have had to deal with the fallout. Thu, 13 Feb 2014 21:12:00 +0000 Chris Arnold 39389 at http://kanw.com Trouble In Emerging Markets Causes Stocks To Take A Tumble http://kanw.com/post/trouble-emerging-markets-causes-stocks-take-tumble Transcript <p>MELISSA BLOCK, HOST: <p>Stock prices soared in the past year, but this was a rough week and prices really tumbled today. The Dow lost 318 points, the S&P 500 and the NASDAQ both fell 2.1 percent. This was part of a global sell-off, as investors focus on the growing financial turmoil in the developing world. NPR's Chris Arnold is following this and he joins me now. Chris, the year started off looking like the global economy was more stable. We didn't have a financial crisis unfolding somewhere. So what's going on now?<p>CHRIS ARNOLD, BYLINE: Right. Fri, 24 Jan 2014 22:22:00 +0000 Chris Arnold 38527 at http://kanw.com Small-Batch Distilleries Ride The Craft Liquor Wave http://kanw.com/post/small-batch-distilleries-ride-craft-liquor-wave Wherever you live, you're probably not too far from a local microbrewery making beer. Now, the latest trend is the spread of what you might call "micro-boozeries."<strong> </strong>Craft liquor distilleries are springing up around the country like little wellheads spouting gin, whiskey and rum.<p><a href="http://www.turkeyshoredistilleries.com/" target="_blank">Turkey Shore Distilleries</a> in Ipswich, Mass., is one of them.<p>Co-founder Evan Parker<strong> </strong>boils molasses in a giant, 400-gallon copper kettle to distill what the company calls Old Ipswich Rum. Wed, 22 Jan 2014 22:54:00 +0000 Chris Arnold 38433 at http://kanw.com Small-Batch Distilleries Ride The Craft Liquor Wave Obama Unveils New Plans To Encourage Manufacturing Jobs http://kanw.com/post/obama-unveils-new-plans-encourage-manufacturing-jobs Transcript <p>AUDIE CORNISH, HOST: <p>From NPR News, this is ALL THINGS CONSIDERED. I'm Audie Cornish.<p>MELISSA BLOCK, HOST: <p>And I'm Melissa Block. President Obama has been talking a lot lately about income inequality. Today, he visited a factory in North Carolina and announced new steps that he said would create more good-paying, middle class jobs. Wed, 15 Jan 2014 21:56:00 +0000 Chris Arnold 38180 at http://kanw.com For The Unemployed, Ideas To Help Bridge The Gap To Work http://kanw.com/post/unemployed-ideas-help-bridge-gap-work When members of Congress return to work next week, at the top of the "to-do" list is whether to renew emergency unemployment benefits. Thu, 02 Jan 2014 23:18:00 +0000 Chris Arnold 37680 at http://kanw.com For The Unemployed, Ideas To Help Bridge The Gap To Work Cars Are Next Frontier For Sharing Services http://kanw.com/post/cars-are-new-fronteir-sharing-services Following the popularity of companies like Airbnb, which rent out a client's house or apartment to people visiting the area, more companies are trying the idea with cars. Companies like Uber help find someone to drive you around like a taxi. Another will let you rent out your car like a Zipcar while you're at work. <br /> Fri, 27 Dec 2013 10:09:00 +0000 Chris Arnold 37450 at http://kanw.com Cars Are Next Frontier For Sharing Services Manufacturing 2.0: Old Industry Creating New High-Tech Jobs http://kanw.com/post/manufacturing-20-old-industry-creating-new-high-tech-jobs As the U.S. economy continues to recover, it has been getting some help from an unexpected place. After decades of massive job losses, manufacturing firms have been steadily creating jobs — many of them well-paying. One particularly bright spot is a new generation of high-tech manufacturers.<p>At a company called Machine Inc. in Stoughton, Mass., a hulking computer-controlled milling machine is making an intricate aerospace component. "It goes in as an aluminum block, and finishes up as a completed manifold," says Richard Mileika, the company's founder. Thu, 26 Dec 2013 21:36:00 +0000 Chris Arnold 37439 at http://kanw.com Manufacturing 2.0: Old Industry Creating New High-Tech Jobs Mel Watt: A New Captain For America's Housing Market http://kanw.com/post/mel-watt-new-captain-charge-americas-housing-market Seven months after his was nominated, the U.S. Senate this week confirmed former Rep. Mel Watt, D-N.C., to head the agency that oversees Fannie Mae and Freddie Mac, the giant companies that control much of the mortgage market.<p>The vote occurred after Democrats changed the rules on filibusters — now the Senate can confirm presidential nominees with a simple majority.<p>For people who watch the U.S. Fri, 13 Dec 2013 14:01:00 +0000 Chris Arnold 36915 at http://kanw.com Mel Watt: A New Captain For America's Housing Market Photos: Comet ISON May Have Survived Its Blistering Encounter http://kanw.com/post/photos-comet-ison-may-have-survived-its-blistering-encounter The Comet ISON appears to have survived after disappearing and being thought dead. Fri, 29 Nov 2013 18:28:00 +0000 Chris Arnold 36365 at http://kanw.com Photos: Comet ISON May Have Survived Its Blistering Encounter To Changing Landscape, Add Private Health Care Exchanges http://kanw.com/post/changing-landscape-add-private-health-care-exchanges We've been reporting a lot lately on the troubled rollout of President Obama's signature health care law. Wed, 27 Nov 2013 08:20:00 +0000 Chris Arnold 36270 at http://kanw.com To Changing Landscape, Add Private Health Care Exchanges Can Young People Get Obamacare For $50 A Month? Sometimes http://kanw.com/post/can-young-people-get-obamacare-50-month-sometimes <p>http://www.youtube.com/watch?v=jlerIMpzVPQ</p> Wed, 13 Nov 2013 20:57:00 +0000 Chris Arnold 35737 at http://kanw.com Can Young People Get Obamacare For $50 A Month? Sometimes What Happens When The Pace Of Startups Slows Down http://kanw.com/post/what-happens-when-pace-startups-slows-down Since the financial crisis hit five years ago, there aren't as many Americans starting new businesses. In uncertain economic times, it's harder for entrepreneurs and investors to take the risk.<p>And if you look back over the past 25 years, it turns out the overall trend is toward fewer new businesses getting started, too — and that's not good at all when the country needs more jobs.<p><strong>The Next Google</strong><p>New businesses are really important for the economy. For one thing, they often come up with new technologies and better ways of doing things. Thu, 31 Oct 2013 07:57:00 +0000 Chris Arnold 35158 at http://kanw.com What Happens When The Pace Of Startups Slows Down What To Know About The Tentative JPMorgan Deal http://kanw.com/post/what-know-about-tentative-jpmorgan-deal Transcript <p>STEVE INSKEEP, HOST: <p>It's MORNING EDITION from NPR News. Good morning. I'm Steve Inskeep.<p>RENEE MONTAGNE, HOST: <p>And I'm Renee Montagne. The Justice Department is on the verge of a $13 billion settlement with JPMorgan Chase. That would make it the biggest government fine involving a single company. It involves the allegedly improper sale of mortgage securities that led to the financial crisis of 2008. NPR's Chris Arnold has been following this and he joins us now. Mon, 21 Oct 2013 09:03:00 +0000 Chris Arnold 34709 at http://kanw.com Business Leaders Decry The Economic Cost Of Uncertainty http://kanw.com/post/business-leaders-decry-economic-cost-uncertainty Running a company is like driving a car. You need to be able to see what's coming down the road. Sat, 19 Oct 2013 10:44:00 +0000 Chris Arnold 34666 at http://kanw.com Economists Say Fiscal Fits And Starts Hurt U.S. Growth http://kanw.com/post/markets-play-it-cool-just-hours-possible-debt-default On Wednesday, the stock market cheered <a href="http://www.npr.org/blogs/thetwo-way/2013/10/16/235263755/hours-ahead-of-debt-ceiling-congress-scrambles-for-a-deal">the debt ceiling deal</a> in Congress. The Dow gained 206 points and all the major indexes closed higher.<p>Investors of course have been watching the showdown in Washington very closely, since a default could have been a global financial disaster. Wed, 16 Oct 2013 20:27:00 +0000 Chris Arnold 34555 at http://kanw.com Economists Say Fiscal Fits And Starts Hurt U.S. Growth Census Report Paints Troubling Economic Picture On Incomes http://kanw.com/post/census-report-paints-troubling-economic-picture-incomes For the first year since the recession, median household incomes did not decline in 2012. But it's hardly a reassuring picture. Incomes were flat despite the economic recovery and big gains in the stock market. That's a troubling aspect about today's labor market. It's four years since the official end of the recession and many households are worse off than when it started. <div class="fullattribution">Copyright 2013 NPR. Tue, 17 Sep 2013 21:34:00 +0000 Chris Arnold 33354 at http://kanw.com Census Report Paints Troubling Economic Picture On Incomes