3:10am

Thu November 3, 2011
Planet Money

When Governments Pay People To Have Babies

More, please.
Chung Sung-Jun Getty Images

How much is a baby worth?

Let's set aside for a moment all those goo-goo feeelings about that big ball of cute chubba-chubba. A baby is also an economic investment.

Businesses get a new worker and a new consumer for products. Parents get someone who will support them in their old age. Governments get a taxpayer — and a guarantee that the country lives on.

Read more

3:00am

Thu November 3, 2011
Europe

Cannes Plays Host To An Economic Crisis

Originally published on Thu November 3, 2011 7:11 am

German Chancellor Angela Merkel talks to French President Nicolas Sarkozy on the eve of the G-20 summit in Cannes, France, on Wednesday. The European economic crisis is taking center stage at the summit.
Lionel Bonaventure AFP/Getty Images

The setting for this year's G-20 summit meeting is the Riviera Convention Center that hosts the Cannes Film Festival. President Obama will be walking the red carpet, but it's the European leaders who are stars of this show.

The Europeans are facing pressure to erect a financial "firewall" that will prevent the debt problems now plaguing Greece from spreading to the rest of the Continent and beyond.

Read more

2:52am

Thu November 3, 2011
Economy

How Technology Is Eliminating Higher-Skill Jobs

Originally published on Thu November 3, 2011 9:43 am

Harvard Business School's Jayanth Iyengar (far left), Jonas Peter Akins and Genevieve Sheenan held their own, but eventually lost to IBM's Watson in a game of Jeopardy at a conference on jobs and technology.
Chris Arnold NPR

The U.S. economy hit an important milestone last week: Gross domestic product, the sum of all goods and services produced in the country, returned to pre-recession levels. But the gains were made with millions fewer workers. Part of the reason is technology, as computers and machines continue to replace humans.

We used to think about machines taking over mundane jobs, like twisting a screw into a toaster on an assembly line over and over again. But more recently, technology is eliminating higher-skill jobs.

Read more

2:00am

Thu November 3, 2011
Business

Troubled First Solar, Inc. To Announce Earnings

Originally published on Thu November 3, 2011 5:54 am

Transcript

RENEE MONTAGNE, HOST:

First Solar, viewed as the golden child of the solar industry, hold its quarterly call today with nervous investors. They're on edge because the Arizona-based company announced a CEO shake-up late last month and have said almost nothing publically since then. From member station KJZZ in Phoenix, Peter O'Dowd reports.

Read more

2:00am

Thu November 3, 2011
Economy

Italy's Debt Weighs On Europe

Italian Prime Minister Silvio Berlusconi made a number of promises to fellow leaders of the eurozone countries at a summit meeting in October. Now Italy's economy is starting to become a growing concern for European Union leaders and financial markets.

2:00am

Thu November 3, 2011
Economy

China Warily Eyes E.U. Bailout

Originally published on Thu November 3, 2011 5:54 am

Transcript

STEVE INSKEEP, HOST:

It's MORNING EDITION from NPR News. I'm Steve Inskeep.

RENEE MONTAGNE, HOST:

And I'm Renee Montagne. To understand the European debt crisis, it helps to keep track of both the short-term and the long-term. In the short-term, Europeans have agreed on a bailout deal that among other things would cut the debts of Greece. It's being held up by the Greek prime minister's plan to hold a referendum on austerity measures. Europeans have told Greece it's got to decide soon if it wants to be part of the eurozone or not.

Read more

2:00am

Thu November 3, 2011
Business

Business News

Originally published on Thu November 3, 2011 5:54 am

Transcript

STEVE INSKEEP, HOST:

NPR's business news begins with a bleaker forecast from the Fed. Just when we were beginning to hear some more positive economic news, the Federal Reserve reminds us not to get too excited. It's predicting slower growth and less improvement in the unemployment rate through 2013 than previously expected. This news comes after a two-day meeting of the Fed's policy-making committee, in which it decided against taking new measures to stimulate the economy for now.

Read more

2:00am

Thu November 3, 2011
Around the Nation

New York Town Takes Up Fracking Issue

Some towns in New York are rushing to ban horizontal hydrofracking, a controversial technique for capturing natural gas trapped deep under ground. The state itself has yet to approve fracking, but Dryden, N.Y., isn't taking any chances. Town supervisors approved a ban based on local zoning. David Chanatry of the New York Reporting Project at Utica College reports, the Dryden's ban is the issue in next week's town board elections.

2:00am

Thu November 3, 2011
Politics

N.C. School Board Race Makes National Waves

Originally published on Tue November 8, 2011 6:01 am

Transcript

RENEE MONTAGNE, HOST:

We're going to hear now about a very small race that's making big political waves. The race is for the school board of Wake County, North Carolina. It comes after a policy using family income to create economic diversity in the schools was tossed out by a Republican school board in 2009. This Tuesday, a runoff election for one seat on the board may put the Democrats back in the majority. Dave DeWitt of North Carolina Public Radio reports the school board race is attracting national attention and big money.

Read more

2:00am

Thu November 3, 2011
World

Infamous Arms Dealer Faces Life In Prison

Russian arms dealer Viktor Bout was found guilty of conspiring to sell weapons to South American terrorists Wednesday. Host Renee Montagne talks to Michael Sullivan about the conviction of the so-called "Merchant of Death."

Pages