Economy

Donald Trump Sues Univision For $500 Million

In the suit, Trump claims Univision is attempting to suppress his freedom of speech by dropping coverage of the Miss Universe Pageant, which Trump co-owns.

Communities Get A Lift As Local Food Sales Surge To $11 Billion A Year

The U.S. Department of Agriculture says local food is growing quickly from a niche market into something that's generating significant income for communities across the country.

Debate Begins: New OT Rules Will Raise Wages — Or Kill Jobs

The Labor Department plans to change a rule so that 5 million more Americans will be able to collect overtime pay. Business groups say the change will hurt hiring, but labor groups are applauding.

All Things Considered

How Default Could Push Greece Out Of The Eurozone

After missing a loan payment, Greece is one step closer to the possibility of quitting the euro, analysts say. And, they say, the crisis poses a danger to the eurozone itself.

All Things Considered

Obama Proposes Expanding Overtime Pay To Nearly 5 Million Workers

The White House is proposing new rules that will boost the number of people eligible to receive overtime pay. The rules are facing opposition from the retail and restaurant industries.

Wisdom Of The Crowds? Online Effort Seeks To Raise Funds For Greece

A crowd-funding effort to get the $1.8 billion Greece needs to make a loan payment to the International Monetary Fund has so far raised $124,569. Donors get gifts ranging from salads to gift baskets.

Greece Seeks New Bailout From Eurozone, Misses Loan Payment

The Greek government, as expected, didn't make the payment that was due Tuesday. It's asking its international creditors to provide more cash, while easing up on austerity demands.

Morning Edition

Congress Leaves For Recess Without Reauthorizing Export-Import Bank

A government agency is about to close. The Export-Import Bank has helped U.S. companies sell goods abroad for decades, but it will likely wind down operations after July 1 if Congress doesn't act.

Morning Edition

Obama Expected To Release Rule Governing Overtime

The plan raises the cap under which most workers must get overtime for working more than 40 hours a week. It doesn't require congressional approval, but is expected to be criticized by businesses.

Morning Edition

Facing Massive Debt, Puerto Ricans Warned Belt Tightening Will Be Needed

Puerto Rico's governor says the U.S. territory will be unable to pay off some of its more than $72 billion debt, and that terms will have to be renegotiated. He's also calling for big budget cuts.

Obama To Expand Overtime Pay For Millions

June 30, 2015
President Barack Obama speaks in the Rose Garden of the White House in Washington. The Obama administration will propose requiring overtime pay for workers who earn nearly $1,000 per week, three individuals familiar with the plan said Monday, June 29. (Pablo Martinez Monsivais/ AP Photo)

The Labor Department will expand overtime pay, in a move the administration estimates would impact 5 million U.S. workers.

Negotiators Scramble As Greek Debt Deadline Looms

June 30, 2015
A view of the National Bank of Greece's headquarters on June 3, 2015, in Athens, Greece. Greek Prime Minister Alexis Tsipras is expected to be presented with the international creditors' plan of tough economic reforms for Greece in order to unlock 7.2 billion Euros of rescue loans later today. (Milos Bicanski/Getty Images)

Greece could become the first developed country ever to default on a loan to the IMF. We look at what it would mean.

Some States Still Don’t Have Budgets

June 30, 2015
In this June 9, 2015 photo, members of the American Federation of State, County and Municipal Employees (AFSCME) protest in Chicago. More than 40,000 state workers’ contracts are set to expire at the end of the month, but no agreement is in sight between the various labor unions representing them. (Christian K. Lee/AP)

In Illinois, that means some state workers could go without pay and some state services could be disrupted.

Puerto Rico Says It Can’t Pay Its Debt

June 30, 2015
Flags fly in San Juan, Puerto Rico. (orbit62/Flickr)

The governor wants creditors to postpone bond payments and restructure the U.S. territory’s $72 billion in public debt.

High Stakes Financial News: From Greece To China

June 29, 2015
A Chinese stock investor monitors share prices at a securities firm in Fuyang, in China's Anhui province on June 19, 2015. Shanghai shares plunged 6.42 percent on June 19, ending a torrid week as the benchmark index was hit by tight liquidity and profit-taking after a powerful surge over the past year. (STR/AFP/Getty Images)

There are a number of dramatic economic stories in the news today. We look at what’s happening in Greece, China and Puerto Rico.

What Happens If Workers Become Obsolete?

June 29, 2015
Precision fitters and assemblers at work in the Ministry of Labour Training Centre at Waddon, England on May 19, 1931. Here, in a large factory building, miners from the depressed mining areas all over the country are being trained for entirely new jobs in a scheme which aims to cut unemployment figures. (AP)

The rapid rise in technology and machines has some experts predicting that workers could become obsolete.

To Be Young And Greek In A Time Of Crisis

June 29, 2015
Pro-Euro protesters take part in a rally in front of the Parliament on June 22. 2015 in Athens, Greece. Thousands of people attended the rally in support of Greece remaining in the European Union. Greek banks are closed for six days amid the uncertainty about the bailout deal. (Milos Bicanski/Getty Images)

Greece is closer than ever to default and an exit from the eurozone. A Greek college student discusses the crisis.

$4.6B ‘Bid 2.0′ Unveiled By Boston 2024 Olympics Organizers

June 29, 2015
A rendering of the proposed Olympic Stadium, during the games (Boston 2024)

The group trying to bring the 2024 Olympics to Boston released the most detailed look yet at its bid for the Summer Games on Monday, unveiling a $4.6 billion plan it says would create jobs and housing, expand the tax base and leave behind an improved city with a $210 million surplus.

Where Does Congress Stand On Trade?

June 25, 2015
Members of Congress leave after a series of votes effecting the fast tracking of the Trans-Pacific Partnership on Capitol Hill June 12, 2015 in Washington, DC. The House of Representatives voted down a bill that will could effect the fast tracking of the Trans-Pacific Partnership trade agreement. (Brendan Smialowski/AFP/Getty Images)

Today Congress is wrapping up votes that will determine the road ahead for the Trans-Pacific Partnership.

Housing Market Is Picking Up

June 24, 2015
A 'For Sale' sign sits in the front yard of a townhouse June 23, 2015 in Northeast Washington, D.C. Purchases of new homes in the U.S. rose in May to the highest level in seven years, signaling that the industry may be gaining momentum heading toward the second half of the year. (Drew Angerer/Getty Images)

Sales of existing homes increased in May, beating expectations and signaling that the housing market finally may be turning around.

Greece On The Brink: Is The Latest Bailout Proposal Enough?

June 22, 2015
Greek Prime Minister Alexis Tsipras, left, speaks with European Commission President Jean-Claude Juncker as he arrives for a meeting prior to an EU summit at EU headquarters in Brussels on Monday, June 22, 2015. Heads of state in the eurogroup will meet in Brussels on Monday for a special summit to discuss the financial crisis with Greece. (Virginia Mayo/AP)

With the clock ticking toward a June 30 deadline, Greece has put forward a new plan to break the impasse over its financial crisis.

High Stakes When School Is Out: The Lifelong Inequality Borne Of The Summer Learning Gap

June 22, 2015
Arthur Pearson and Jennifer Davis: "Lack of access to summer learning is part of a year-round cycle that contributes to the achievement gap between kids from high- and low-income households." 
 (12th St David/flickr)

Lack of access to summer learning is part of a year-round cycle that contributes to the achievement gap between kids from high- and low-income households.

Mass. Adds 7,400 Jobs In May; Jobless Rate Ticks Down To 4.6 Percent

June 18, 2015

It’s the lowest Massachusetts’ jobless rate has been since December 2007.

Greek Central Bank Issues Warning

June 17, 2015
Greek Prime Minister Alexis Tsipras talks to the media as he leaves after he participated in a bilateral meeting with European Commission President Jean-Claude Juncker on the sidelines of the EU meetings in Brussels on Thursday, June 11, 2015. (Geert Vanden Wijngaert/AP)

The country could be on a “painful course” to default and exit from both the eurozone and the European Union, the bank warned.

Pope Francis On The Immorality Of Environmental Degradation

June 17, 2015
Tiziana Dearing: "Pope Francis may be the right man at the right time to bring inherently religious values about poverty, the economy and the environment to a broader community." Pictured: Pope Francis delivers his message on the occasion of an audience with participants of Rome's diocese convention in St. Peter's Square, at the Vatican, Sunday, June 14, 2015. Francis engaged in some self-promotion during his weekly blessing, alerting the thousands of people in St. Peter's Square that his first solo encyclical is coming out on Thursday and inviting them to pay attention to environmental degradation around them. (Gregorio Borgia/AP)

Pope Francis may be the right man at the right time to bring inherently religious values about poverty, the economy and the environment to a broader community.

Economic Inequality And The New England Historian Who Coined ‘The American Dream’

June 15, 2015
Lt. Mike Murphy of the Newton, Mass., fire dept., carries an American flag down the middle of Boylston Street. (Robert F. Bukaty/AP)

Massachusetts has one of the highest rates of income inequality in the nation, so Radio Boston is launching an occasional series taking a closer look at what that means, the impact it has on life here and what can be done about it.

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