For decades, American companies have sent their manufacturing work overseas. Extremely low wages in Asia and elsewhere reduced costs. But as costs overseas go up, a growing number of American companies are rethinking that business model.
For decades, American companies have been sending their manufacturing work overseas. Extremely low wages in Asia and elsewhere reduced costs. But as costs overseas go up, a growing number of American companies are rethinking that business model.
Emerging markets are starting off 2014 in the worst place they've been in 5 years. Investors are fleeing after recent financial tumult in places like Argentina, Turkey, and Thailand. But that's not the only reason the stock market has hit a stumbling block, says the BBC's John Sudworth in Shanghai.
"It's been a pretty gloomy start to 2014, and I guess to sum it up in a nutshell, two reasons: less Fed, and less China," he says. "I think in particular, it's the less China that we should focus on, and the real worry is that Chinese growth is slowing. And that's why many analysts believe we're seeing the sea of red across the trading boards."
To hear the story, click the audio player above.
The freshman member of Congress, a Republican from Florida, was found guilty of buying about $260 worth of cocaine from an undercover agent. He has been under pressure from others in his party to step down.
Todd Dickson is trying something a bit unusual for a charter school founder. He’s recruiting students to Valor Collegiate Academy from working class neighborhoods, and Nashville’s wealthiest enclaves.
Dickson addresses a crowd of families with the means to pay private school tuition. But the parents in this room are prepared to give public schools a chance.
A father himself, Dickson also helped start Summit Prep in the San Francisco area. There are similar charters in places like Denver and New Orleans.
Their belief is these charter schools is that all income levels benefit from learning side-by-side, helping them understand multiple perspectives.
“It’s much more authentic and easy to learn to do that well if you are learning with kids who really have different experiences and different backgrounds than you do," say Dickson
The trick is getting everyone in the same classroom.
Jennifer Erickson worries her daughter is being raised in a bubble at her private school.
“I mean to me, education isn’t just about books. It’s about being well rounded in all areas," says Erickson. "That is a very big piece that my daughter is not getting. Of course, there are negatives that come with that.”
Well-off families often question whether these charters can really push high performers while trying to get disadvantaged students doing double time. It’s not uncommon for some to come into middle school reading at a second-grade level.
At a recruiting session in an immigrant community center, an interpreter translates in a whisper to a Hispanic mother.
These parents here aren’t so worried about raising kids in a bubble. They’re looking for opportunity.
Hafza Mohamed’s son attends a struggling school now.
“I want him to go forward, not backward," says Mohamed.
A few of these charters with integrated student bodies have been successful getting everyone prepared for college. But advocates say there’s a bigger benefit that doesn’t show up on a report card -- relationships that span the divide between rich and poor.
Now there are anti-government demonstrations in cities where the citizens have in the past shown support for the president. Meanwhile, the nation's justice minister has warned she may declare a "state of emergency" unless protesters leave her headquarters.
The deadline to sign up for health insurance under the Affordable Care Act -- or face penalties -- is a little more than two months away now: March 31. A survey out today says lots of people don’t know that, highlighting just how much confusion there still is about the health care law.
More than half of Americans don’t know when the deadline is to sign up for health insurance, according to a report from Bankrate.com.
Granted, many of those people already have insurance.
“But we do think our findings about young adults are somewhat worrisome,” says Bankrate insurance analyst Doug Whiteman.
Everyone is counting on the young and healthy to balance out the insurance pool, to keep costs down, says Whiteman.
“We found that young adults between 18 and 29, which is the age group least likely to have health insurance, also is the group that seems least informed about the deadline,” he says.
One thing that might be preventing better awareness: 17 states have passed laws limiting the work of the so-called "navigators" who are supposed to help people sign up on the federal exchange.
Last week a federal judge blocked Missouri’s restrictions on navigators.
“By preventing navigators from doing their jobs, states really undercut and undermine a fundamental purpose of the Affordable Care Act,” says attorney Jay Angoff, who represented groups suing the state and was involved in the initial implementation of the ACA at the U.S. Department of Health and Human Services.
Angoff says the Missouri ruling could help opponents fight similar laws restricting navigators in other states.