Samuel Ku, who runs AG Jeans alongside his father, says a European tariff puts thousands of U.S. clothing jobs at risk.
Los Angeles is home to a large slice of the world's bluejeans trade. But as the U.S. apparel industry continues to shrink, the city's high-end bluejeans business faces a threat. The European Union has imposed a nearly 40 percent tariff, which could cripple the city's jean business.
May 22, 2013 The Fed chairman cautioned Wednesday that if interest rates were to start rising now, the economy could slump. Meanwhile, the National Association of Realtors said sales of existing homes rose — and would have been even stronger if not for tight inventory.
May 22, 2013 It's a hard time to be a saver. The return on a savings account doesn't even keep up with inflation, and that has led many savers to ask: What should I do with my money? NPR's Uri Berliner takes $5,000 out of his own personal savings and explores various investment opportunities.
May 20, 2013 Yahoo will pay about $1.1 billion for the six-year-old blogging site. Tumblr's leadership won't change and Yahoo promises it will be independently operated.
May 19, 2013 The iconic Industrial Trust Tower in downtown Providence is empty for the first time in 85 years. Developers want to turn it into luxury apartments — and want the state and city to pay for it. But Providence — like the rest of Rhode Island — faces its own economic problems, as well as a recent failed investment.
May 19, 2013 When the factory she worked at closed down, Tammy Thomas reinvented herself as a community organizer; and when Dean Price's truck stop business went belly up, he became a champion of biofuel. In a new book, George Packer examines how ordinary people are adapting to a new America.