Economy

In A Debt Crisis, U.S. May Have To Decide Payment Priorities

12:02pm October 09, 2013

by John Ydstie

If Congress doesn't raise the debt ceiling, the U.S. Treasury will be unable to pay creditors and the U.S. will be in default. Some argue Treasury could continue making "priority payments" designed to protect the nation's credit rating. Others say that could undermine the confidence in the U.S. to meet its obligations.

Queue Listen Now

Yvonne Smith is the director of La Rive Spa at Northern Quest Resort and Casino in Washington state. Across the country, Native American tribes are hoping high-end extras will draw visitors to casinos.

High-End Extras Aren't A Sure Bet For Tribal Casinos

9:53am October 09, 2013

by Jessica Robinson

Native American tribes are giving casinos a makeover, hoping added amenities like spas, golf courses and luxury hotels will attract visitors. Still, these ventures make 80 to 90 percent of their revenue from gambling, and experts say getting people on the gaming floor is key.

Queue Listen Now

Rep. Labrador Of Idaho Weighs In On Government Shutdown

6:44am October 09, 2013

While the rhetoric between Republicans and Democrats over ending the federal shutdown remains hot, some Republicans have talked about possible alternatives to demands that the Affordable Care Act be delayed a full year. But some Tea Party-backed Republicans are holding firm on that demand, including Idaho Rep. Raul Labrador. Renee Montagne talks to Labrador about the government shutdown debate, and how he thinks the impasse should be resolved.

Queue Listen Now

Federal Prison Workers Dismayed By Government Shutdown

6:38am October 09, 2013

While the partial government shutdown continues, some federal workers are showing up for work because they are required to. Phil Glover is with the Council of Prison Locals, a federal prison employee union. Glover talks to Morning Edition's David Greene about how the government shutdown is effecting the Bureau of Prisons, correctional workers and his family.

Queue Listen Now

Phase 2 Of BP Trial Focuses On Amount Of Spilled Oil

12:48pm October 08, 2013

by Jeff Brady

Both the U.S. government and BP have estimates on just how much oil spilled into the Gulf of Mexico after the Deepwater Horizon explosion in 2010. The problem: They reached two different numbers. At stake is up to $18 billion in fines and penalties under federal environmental laws.

Queue Listen Now

In May, a large piece of the General Motors Building in Manhattan was purchased by a Chinese real estate developer.

Asian Investors Find Hot Market In U.S. Properties

9:51am October 08, 2013

by Jackie Northam

Sales in commercial real estate in the U.S. have soared over the past year. Asian nations, particularly China, are scooping up trophy properties and investing in some large, long-term development projects at a record pace.

Queue Listen Now

Economy

HanesBrands Finalizes Acquisition of Maidenform Brands

2:01pm October 07, 2013

Winston-Salem-based HanesBrands announced this morning that it has completed its acquisition of Maidenform Brands, Inc. for approximately $583 million in cash.

The Wright Brothers Flyer lifts off in Kitty Hawk, N.C., on Dec. 17, 1903. Now 110 years later, a thriving aviation industry is looking to fill jobs in high-tech manufacturing.

Wanted: A New Generation Of High-Tech Aviation Workers

10:53am October 07, 2013

by Jeff Tiberii

Millions of U.S. factory jobs have been lost in the past decade. Now, in North Carolina, high school students are being encouraged to think about taking manufacturing jobs. But this isn't the furniture-making or textile labor of generations past — it's a new kind of highly technical work in aviation.

Queue Listen Now

What's The Cost Of Budget Gridlock?

5:33am October 07, 2013

Renee Montagne talks to David Wessel, economics editor of The Wall Street Journal, about the cost of the government shutdown, and the dangers of the threatened government default.

Queue Listen Now

Economy

Deere-Hitachi Expands, TIMCO Waits and the Rhino Returns

7:00am October 04, 2013

Each Friday WFDD takes a look at business in the Triad.

Queue Listen Now