Business

3:30pm

Sat June 16, 2012
Around the Nation

State Of The Unions: Labor And The Middle Class

Originally published on Sat June 16, 2012 7:05 pm

Occupy Wall Street protesters joined with unions in New York on May 1, a traditional day of global protests in sympathy with unions and leftist politics.
Mario Tama Getty Images

For many full-time employees in the United States, the five-day work week, paid overtime and holidays are expected benefits. This wasn't always so, and many workers' benefits today are the achievements of labor unions.

Just five decades ago, unions were on the frontline of the fight for the rights and wages of the middle class. But today, unions are on the decline.

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12:29pm

Fri June 15, 2012
Business

What Fire? Colorado Open for Business

Welcome to Colorado sign as seen from Nebraska
Napa Wikimedia Commons

Image is everything. And this past week the national image of Colorado has been one of dark plumes of smoke and bright red and orange flames leaping into the air from the High Park Fire.

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10:30am

Fri June 15, 2012
Planet Money

An Austerity Wedding, With No Money For A Dress

Originally published on Fri June 15, 2012 4:25 pm

Elias Tilligadas and Katerina Margeritou are getting married next week.
Nikolia Apostolou NPR

Katerina Margaritou and Elias Tilligadas live in Athens. They're getting married next Wednesday — three days after the Greek election that has the global economy on edge.

Katerina is a chemist, and she works for a company whose main customer is the Greek government. The Greek government, of course, is broke. So Katerina hasn't been paid since last year.

"I'm very happy because I'm getting married," Katerina told me this week. "But I'm very sad because at the moment I cannot buy a dress. My boss promised me that he's going to give money to buy a dress. So I'm waiting."

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10:10am

Fri June 15, 2012
The Two-Way

Rajat Gupta Guilty In Insider Trading Case

Rajat Gupta on Wednesday as he arrived at the federal courthouse in Manhattan.
Emmanuel Dunand AFP/Getty Images

"Rajat Gupta, who reached the pinnacle of corporate America as managing partner of McKinsey & Co. and was a director at Goldman Sachs Group Inc. and Procter & Gamble, was convicted by a federal jury of leaking inside information to hedge-fund manager Raj Rajaratnam," Bloomberg News writes.

The Associated Press recaps the case:

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6:44am

Fri June 15, 2012
Economy

Three Frightening Phrases You Should Understand

Originally published on Wed June 20, 2012 9:42 am

German Chancellor Angela Merkel speaks during a press conference in Brussels.
John Thys AFP/Getty Images

The economy has so much going for it: low inflation, low interest rates, affordable homes, falling gasoline prices and 27 straight months of job growth. Good times, no?

No.

The economy is slowing, but not because of current conditions. The slowdown reflects the fear of what may be coming next. Economists say employers and investors are paralyzed by the uncertainty surrounding three huge problems: one in the United States, another in Europe and the third in China.

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