Don’t let the profit margin fool you: dollar stores are one of the fastest growing niche retail markets. Just this week, the national chain Family Dollar reported much higher than predicted second quarter earnings, with a profit of more than one hundred and thirty six million dollars. I guess all those dollars add up…
But in some communities, dollar stores aren’t welcome additions. Vermont public radio reporter Steve Zind covered the recent battle over a proposed dollar store in Chester, Vermont, and joins us now to tell us about it.
On Saturday Cash Mobs will take to the streets in hundreds of cities and towns to celebrate National Cash Mob Day: an occasion for shoppers to meet at a designated time and place, then disperse with at least $20 to spend in local, independent stores. Allison Grappone is organizing Concord’s cash mob day this Saturday.
JBI CEO John Bordynuik holds a jar of No. 6 fuel oil, derived from discarded plastic like that seen on a conveyor belt at his plant.
Credit Daniel Robison / WNED
After being delivered to JBI's Plastic2Oil facility, shredded plastic is melted down in a large tank before being vaporized and formed into fuel. John Bordynuik releases some of the substance to check for quality.
Only 7 percent of plastic waste in the United States is recycled each year, according to the Environmental Protection Agency. A startup company in Niagara Falls says it can increase that amount and reduce the country's dependence on foreign oil at the same time.
It all starts with a machine known as the Plastic-Eating Monster. Thousands of pounds of shredded milk jugs, water bottles and grocery bags tumble into a large tank, where they're melted together and vaporized. This waste comes from landfills and dumps from all over the United States.
The stock market hit some major milestones this week: The Standard & Poor's 500 index reached its highest level in more than three years, the Dow Jones industrial average settled in above 13,000 — up about 24 percent since early October — and the Nasdaq rose to its highest level in 11 years. Still, the Federal Reserve has been warning not to get too excited about where the economy is headed next.
David Kotok, chairman and chief investment officer at Cumberland Advisors, says there are a bunch of reason for stocks to be rising.
Workers build cars on the assembly line at the Ford Motor Co.'s Michigan Assembly Plant in Wayne, Mich., in December. As auto sales boom, parts suppliers are having a tough time finding the labor they need to catch up, having lost workers during the recession.
Detroit automakers are creating thousands of new jobs amid a sales boom. And as they expand, their suppliers are racing to keep up, adding tens of thousands of new jobs.
At Bridgewater Interiors in Warren, Mich., for example, the pace is intense. Hundreds of union employees scurry to fill a growing list of orders. The factory floor is packed with stacks of foam cushions, seat covers and headrests.
Credit Jackson Forderer for Minnesota Public Radio
AGCO employees work on the assembly line in the company's newly expanded Jackson, Minn., manufacturing plant. The expansion brought the facility's staff from 850 to 1,050 workers and allows the plant to make tractors that were previously made in France.
Credit Annie Baxter for NPR
Richard Beaulieu operates a molding machine that makes rubber parts for radiators at Hiawatha Rubber Co., just outside Minneapolis.
Economists say many industries are looking up this year. But perhaps none has a better outlook than the energy sector.
New drilling technologies and rising fuel prices have generated a boom in drilling — and lots of high-paying jobs for people with the skills to work in the oil patch. On some college campuses, companies are so eager to find petroleum engineers that they are offering jobs to students even before they have graduated.
Meet Willow Tufano, age 14: Lady Gaga fan, animal lover, landlord.
In 2005, when Willow was 7, the housing market was booming. Home prices in some Florida neighborhoods nearly doubled from one month to the next. Her family moved into a big house; her mom became a real estate agent.
But as Willow moved from childhood to adolescence, the market turned, and the neighborhood emptied out. "Everyone is getting foreclosed on here," she says.
Remember the so-called Man-cession? That was the gloomy prophesy made early in the global economic downturn when construction, manufacturing, and other male-dominated industries collapsed. Some, including Hanna Rosin speaking on this program, projected a sign of sea change in America’s gender inequality. A 2010 study showing unmarried, childless, urban female workers earning more than their male counterparts reinforced the possibility that women could dominate in the new economy.
People walk past the Bank of Greece headquarters in Athens. Greece toughened its stance to push creditors to accept a debt swap and take heavy losses, just one day before the Thursday deadline for completion of the deal to avert default.
Stock prices rebounded somewhat Wednesday, one day after their biggest sell-off of the year. What caused prices to plunge Tuesday was an all-too-familiar problem: the Greek debt crisis.
European officials have cobbled together a deal to keep Greece from defaulting, and investors all over the world who hold Greek bonds are weighing their options. They're worried about what could happen if they reject the deal.
The agricultural port city of Stockton, Calif., has made national and international news in recent years — for all the wrong reasons. In a new record, the city recently marked its 56th homicide in one year. And the BBC recently reported that a greater proportion of Stockton residents face the loss of their homes to foreclosure or repossession than anywhere else in America. If that's not enough, it ranked No.
The average American vehicle spends a whopping 95% of its life parked. And yet, for all of the engineers and urban planners who study how humans and cars interact on the road, one man stands out as an authority how our lives, towns and experiences are affected once those cars stop.