August 01, 2015 11:44 UTC

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China’s Stock Market Hit with Turmoil in July

07/31/2015
After a year of increases, stock prices in China had a correction, a sudden drop in price. The Chinese government has put in place a number of measures to support prices including lending money for stock purchases. But some question how much the stock market will affect the economy. More

Audio Another Sharp Drop on China’s Stock Exchanges

China’s Shanghai Composite index dropped 8.5 percent on Monday: the largest single-day drop in eight years. The price drop comes after weeks of efforts by the government to support prices. One expert says these efforts will not work as some investors reduce their investment borrowings.

Audio Activists: Greece Not the Only Nation Facing Debt Crisis

The Jubilee Debt Campaign is warning of a “debt trap” for many developing nations. The group notes that net debt grew by 30 percent between 2011 and 2014. And it predicts debt levels will rise, putting many nations at risk. It calls for tighter controls of lending and cancelling some debts.

Audio US Businesses Explore Iranian Market

Business experts say large American companies will wait to see if Iran meets the terms of the new nuclear agreement. Iran has 80 million highly-educated consumers, and American businesses want to sell their goods and services in that market. But it may take a few years before they start to do so.

Video U.S. Farmers Welcome Diplomatic Relations with Cuba

Now that the U.S. and Cuba have re-established relations, American farmers are exploring ways to sell crops there. Many farmers say it makes sense to sell crops in a market that is so close to the United States, but they face competition in from South American countries, Ukraine and even India.

Audio Gold Prices Fall to Five-Year Low in Asia Trading

The selling reportedly began early Monday at the Singapore Gold Exchange. Gold sales also quickly exploded on the Shanghai market in China. The price of gold is now down about six percent when compared to the price a year ago.

Audio Puerto Rico: The Other Debt Crisis

The US territory’s government, cities and publicly-owned companies owe $72 billion. The governor of Puerto Rico says it cannot pay the debt. Puerto Rico is the third-largest issuer of state and local debt in the United States; only California and New York have more debt. | Economics Report

Video Silica Sand Mining Worries Communities

Producers of oil and gas in the United States need silica sand to help them remove those resources from the ground, in a process called “fracking.” But some people who live and work near places where that kind of sand is mined are worried that their health and businesses could be harmed.

Audio China Fights Stock Market Losses

The Chinese government has tried a number of measures to help support stock prices, which have fallen sharply. Recently, the U.S. treasury secretary said it was important that China continue with economic reforms to strengthen its economy.

Video New York Helping Small Distilleries

Eighty years after Prohibition, New York has eased its rules and even taken steps to support people who want to make whiskey. Some distillers have set up operations in New York City with tasting rooms to sell their products. And they are using crops from New York area farms.

Video Study: Chicago 'Immigration' Rate Dropping

Few legal immigrants have moved to the country’s third-largest city in the past ten years. A technology company says it is having difficulty recruiting skilled workers. Cold and windy Chicago isn’t growing as fast as other large American cities, in part because it is not as attractive to immigrants.

Audio Greek Vote, China Weigh on East Asia Stock Prices

Share prices mostly fell on Asian stock markets Monday. Greece’s rejection of European terms for its financial rescue loan and China’s stock market troubles are affecting stock prices across the region. Financial experts say smaller investors are fleeing the stock market and investing in real estate

Audio Uber Making a Big Push to Win Over Chinese Consumers

The car-sharing smartphone application Uber reported in June it is receiving one million requests for rides every day in China. The American-based company is taking steps to win over Chinese consumers, and compete with local businesses. Uber plans to expand to 50 more Chinese cities this year.

Audio Is There a ‘Skills Gap’ in US Job Market?

8.7 million Americans are unemployed and 6.7 million are doing part-time work. But, many jobs remain vacant. Employers say many of those jobs are vacant because they cannot find people with the right skills to do the work. Some experts look at why that is the case and what to do about it.

Audio International Lender Urges Gains for Poor, Middle Class

A new IMF study says income inequality is hurting the potential for growth around the world. It says the best way to deal with the inequality -- or lack of fairness -- is by helping poor people and the middle class. The study disputed the main idea of what has been called "trickle down" economics.

Audio Egypt: Expanded Suez Canal to Open in August

Egyptian officials are making plans to open a newly-expanded Suez Canal on August 6th. Officials say the “new” canal will be more than double the waterway’s earnings over the next 10 years. But some experts say the project alone will not be able to turn around Egypt’s economy.

Audio China Expands Number of Fishing Vessels

China already has 2,000 boats, more than any other country. The boats travel the world and search the oceans for fish. But Chinese boats are often criticized for overfishing, and they have had conflicts with boats from other nations in disputed waters, such as in the South China Sea.

Audio The ‘Living Wage’ Debate Has Many Sides

In the U.S., some consider an increase in the minimum wage important for the working poor and the economy. In some other parts of the world, workers are seeking a minimum ‘living wage.' Employers say that high labor costs will affect their company’s profit and its value to shareholders.

Audio China Increases Investment in Australia

Chinese investment in Australia has moved to the real estate market and infrastructure. It is yet another sign that Australia’s once strong mining industry is weakening, as Chinese businesses look for new places to invest. Private Chinese businesses are also investing more than state enterprises.

Video Heat-Resistant Glassware Celebrates 100th Anniversary

One hundred years ago, a new kind of cookware entered the American market. It was called Pyrex. Today the Pyrex name is well known in the United States. The heat-resistant glass products are still being manufactured. And early Pyrex products are now considered collector’s items.

Learn with The News

  • Audio China’s Stock Market Hit with Turmoil in July

    After a year of increases, stock prices in China had a correction, a sudden drop in price. The Chinese government has put in place a number of measures to support prices including lending money for stock purchases. But some question how much the stock market will affect the economy. More

  • A health worker prepares to inject a man with an Ebola vaccine in Conakry, Guinea, March 7, 2015.

    Audio ‘Highly Effective’ Ebola Vaccine Developed in Guinea

    Researchers say they have developed a vaccine that highly effective at preventing the disease Ebola. The World Health Organization says the vaccine has so far been 100 percent effective in tests in Guinea. Norway’s foreign minister called it “the silver bullet." More

  • Audio In Africa, Obama Praises Progress, Calls for Change

    During his visit to Kenya and Ethiopia, the first African-American president said “the world must recognize Africa’s extraordinary progress.” But he also called for a change in the continent’s cultures of corruption and discrimination. More

  • Audio China Holding Military Exercises in South China Sea

    China’s state media say the exercises took place Tuesday and more are to begin Saturday. Some U.S. and international security experts think China may be preparing to establish an air defense identification area in the South China Sea. | As It Is More

  • Video Wreckage Could Be From Missing Malaysia Airlines Flight

    An airplane part about two meters long was on Reunion Island, 3,500 kilometers from where the flight was last heard from. Now, investigators are trying to find out if it really is part of the plane that went missing in March 2014. The piece is about two meters long. It appears to be a flaperon. More

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    Researchers reviewed 61 studies from around the world; they discovered cigarette smoking is three times more common among those with schizophrenia who were receiving medical care for the illness for the first time compared to people who did not have the mental disorder. More

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