Economy

Financial and business news

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The Myth Of The Self-Made Millennial

Jul 29, 2018

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Emmy-award winning writer and television producer Dinah Kirgo, one of six women accusing CBS chairman Les Moonves of harassment, told NPR that she is not trying to destroy Moonves as much as she is trying to change a culture that allows such misconduct.

"People think that we're trying to take these guys down, and that is, at least in my case, that is so not true," Kirgo said in an interview with All Things Considered. "It's about stopping this behavior."

On a recent Friday afternoon, 30-year-old Sidumiso Nyoni took the train from her home in rural Nyamandhlovu, Zimbabwe, to the industrial city of Bulawayo to visit family. It's a distance of only 25 miles, but she says the roads are in such bad shape that the train is the only option. The ride isn't long, but the schedule is completely unpredictable.

"The train doesn't have a specific time at which it comes," she says. Sometimes she says she'll arrive at the station for a 7 a.m. train and "it ends up spoiling the rest of your day, because the train comes in the afternoon."

Les Moonves And CBS's Culture Of Harassment

Jul 28, 2018

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We want to turn now to the economy, which was the focus of a lot of attention this past week. Yesterday, the Commerce Department said the economy grew 4.1 percent in the second quarter of the year. President Trump called the news amazing.

When Adam Stephens walked into his office in Milwaukee one morning in late June, he found messages complaining about the Birds. The deputy city attorney was not amused.

He went for a walk. "Within a couple of minutes, I found one parked on a sidewalk and was able to visually examine it and kind of figure out what it was," Stephens says.

Bird is the name of an electric scooter company. Unannounced, it dropped off somewhere between 70 and 100 rental scooters throughout Milwaukee, where it's illegal to ride motorized scooters in public.

Understanding Friday's Economic News

Jul 28, 2018

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The U.S. economy is doing well. The Commerce Department reported yesterday gross domestic product grew at a rate of 4.1 percent in the last quarter. That's faster than expected. And unemployment is low. President Trump takes credit.

(SOUNDBITE OF ARCHIVED RECORDING)

GDP, OMG!

Jul 27, 2018

The gross domestic product is a measure of all the goods and services an economy produces. For the second quarter of this year, the U.S. economy grew at a stellar rate of 4.1%. Today on the show, we take a deep dive into everybody's favorite economic indicator: How is it measured? Why is it so high? Will it continue?

So many aid programs in low-income countries have set "empowering women" as their goal. They don't just want to boost women's incomes and health and education level, but to give them the ability to make their own decisions over those aspects of their lives.

But how do you actually gauge how much control a woman has over her life?

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President Trump has been pledging that his policies will ramp up economic growth. His goal has been to double the growth rate of recent years to about 4 percent sustained annual growth. Now, it happened, and it was announced today, and he's taking credit.

In Dakar, Senegal, people can't just flush their poop away. As is the case in many places in the world, it is pretty common for toilets to flush into a septic tank that needs to be emptied every so often.

And there are two ways to do it: the "cheap guy" — or the cartel that deals exclusively with raw sewage.

An example of the "cheap guy" is a man who calls himself Djiby. He says he is a baay pelle, which means "the father of the shovel." Father Shovel scoops out the septic tank with his shovel and bucket, and then he empties the bucket into a hole in the street.

Updated at 6:30 p.m. ET

The New Yorker magazine has published an article by Ronan Farrow detailing accusations of sexual harassment by CBS CEO Les Moonves and other men at the company.

Updated at 4:35 p.m. ET

Social media companies have not had a good week in the stock market.

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