PRI: Public Radio International

business & economy

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Economist says the American retirement system has failed

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America is heading into a retirement crisis, an economist says. Most retirees haven't saved enough money to retire and Teresa Ghilarducci blames America's entire system for retiring.
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Honduras looks to Hong Kong as a model for economic revitalization

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Honduras' political leaders are hoping to jumpstart the country's flagging economy by separating one of the country's cities. A new law would allow the government to designate a city as a "charter city" subject to different laws and regulations and perhaps under some foreign supervision.
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Proposed tax hikes in France strike a nerve with top earners

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French President Francois Hollande has called for a 75 percent income tax on top earners in France to help lower the country's deficit. The hope is to stave off contagion from other faltering euro zone countries, but the proposal has received harsh criticism from France's business class.
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U.K. rules restrict use of Olympic terms to official businesses, Union Jack steps in

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As part of getting the Olympics, the United Kingdom had to pass a series of laws that made it illegal for businesses that aren't official sponsors to use certain Olympic terms. So local businesses have had to get creative.
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State law, bad decisions caused Pennsylvania cities' problems, expert says

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Several cities and towns in Pennsylvania are experiencing serious financial distress. Stateline.org writer Stephen Fehr says much of these cities' trouble can be tracked back to government action.
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Justice Department investigating Sheldon Adelson, GOP's biggest donor

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The Republican party's largest financial backer, multi-billionaire Sheldon Adelson, is under federal and state investigation for his business practice in Macau. The investigation puts Mitt Romney in an awkward position.
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U.S. H1-B visa program may help companies outsource, offshore jobs

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When it comes to H1-B visas, the visas that are supposed to be reserved for bringing the world's best and brightest to the United States, to do jobs that would otherwise go undone, there may be a problems. Turns out, most of the H1-B visas go to companies that exist to take U.S. jobs and move them overseas.
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Farmers struggle as historic draught diminishes crop yields

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More than half of the United States is in one of the worst droughts to hit America in recorded history. Farmers are among those who have suffered the most so far. But fewer crops means higher food prices for all Americans in the months ahead.
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VIDEO: Former Bain Capital executive defends Romney's CEO record

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Mitt Romney's history at Bain Capital has been at the center of the presidential campaign for more than a week. Romney's demand for an apology from President Barack Obama remains unanswered, and the president continues an unwavering attack on Romney's record there.
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VIDEO: Spanish coal miners strike, galvanize public support

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Spain's coal miners fear that government budget cuts will eliminate the subsidies that have kept their mines open. They're taking to the streets and demanding the subsidies be restored.
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