Brazil's state oil company Petrobras lost 15 percent of its market value this week — that's some $10 billion. Analysts predict more trouble ahead for the oil giant.
Steve Inskeep and Renee Montagne have the Last Word in business.
The Labor Department releases its monthly jobless numbers Friday morning. Month-to-month, the numbers haven't changed very much, and analysts don't expect any surprises this month.
For the past three years, there's been a shortfall in the payroll taxes collected for Social Security. As more baby boomers join the ranks of the 57 million people already receiving benefits and the overall share of wages subject to taxation under the program shrinks, that deficit is bound to keep growing.
NPR's Planet Money team is manufacturing its own T-shirt. After the women's shirt was assembled in Colombia, they voyaged by container ship to Miami. The container, a big standardized box that moves easily from truck to ship to train, is the unsung hero of the global economy. It was invented in the 1950s and dramatically reduced shipping costs, ushering in a new era vastly different than the world retired stevedores remember. There's a whole lot more about what it takes to make a simple T-shirt — the journey from cotton to completion — here.
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