Business

3:32am

Tue June 12, 2012
Business

Starbucks Order Gives Ohio Mug Maker A Jolt

Originally published on Tue June 12, 2012 11:03 am

Bob Davis hand-dips mugs before they go into the kiln at American Mug and Stein in East Liverpool, Ohio. Most overseas companies have machines that can do this much faster.
Amanda Rabinowitz WKSU

For decades, when you slid into a booth at a diner or a local coffee shop, the waitress probably arrived with a standard-issue, off-white mug. More than likely that mug came from the Ohio River town of East Liverpool, which calls itself "The Pottery Capital of the Nation."

A lot of that city's pottery business is long gone. Now, one of the few remaining pottery factories in the battered town is pinning its survival on a major corporation.

To step inside American Mug and Stein in East Liverpool is to step into another era.

Read more
Tags: 

3:08pm

Mon June 11, 2012
The Two-Way

U.S. Families' Wealth Plunged 40 Percent During Recession, Fed Says

In a study (pdf) released today, the Federal Reserve reports that Americans saw a record drop in their wealth between the years 2007 to 2010. Driven primarily by plummeting home values, families' median net worth dropped 38.8 percent, to levels last seen 18 years ago.

Reuters reports:

Read more

11:32am

Mon June 11, 2012
All Tech Considered

Facebook's Growth: A Tale Of Two Headlines

Are its days of "wild user growth" over, or is Facebook "eating the world"?
Leon Neal AFP/Getty Images

I love this. Here is a headline today at The Wall Street Journal's online edition: "Days of Wild User Growth Appear Over at Facebook."

And over at The Next Web: "Facebook is eating the world, except for China and Russia."

And the best part is the two sites really are telling the same story.

Read more

5:51am

Mon June 11, 2012
The Two-Way

'Relief Rally' Weakens As Markets Study Spanish Deal

Originally published on Mon June 11, 2012 11:07 am

  • NPR's Philip Reeves, reporting on 'Morning Edition'

After rising sharply earlier today, European financial markets have come off their highs as investors "question the logistics of the $125 billion bailout of Spanish banks and wonder ... whether Monday's gains in financial markets were nothing but a relief rally," Dow Jones Newswires reports.

Read more

2:39am

Mon June 11, 2012
Planet Money

Three Ways To Stop A Bank Run

Originally published on Tue June 12, 2012 9:11 am

This is what you don't want.
AFP AFP/Getty Images

There's a slow-motion bank run happening in Europe, as depositors move their money from financially troubled countries like Greece and Spain to stronger countries like Germany.

Banks take depositors' money and lend it out. So even a strong bank is in trouble if all the depositors suddenly decide to pull their money out. A full-blown run can sink a bank in an afternoon.

Once a run starts, there are basically three ways to stop it.

1. Slow it down

Read more
Tags: 

Pages