Zoe Chace http://wgcu.org en An Old Law, A Snowy Winter, And A Modern-Day Salt Shortage http://wgcu.org/post/how-old-law-caused-modern-day-salt-shortage There were so many winter storms in New Jersey this year that the state nearly ran out of the salt used to melt snow and ice on the roads.<p>State officials thought they had found a solution when they discovered an extra 40,000 tons of rock salt for sale up in Searsport, Maine.<p>The state bought the salt but ran into problems getting it to New Jersey — despite the fact that there was an enormous, empty cargo ship, sitting at the Searsport port, headed down to Newark.<p>"I mean, it was just like serendipity," says Joe Dee, chief of staff with the New Jersey Department of Transportation. Fri, 28 Feb 2014 08:28:00 +0000 Zoe Chace 7810 at http://wgcu.org An Old Law, A Snowy Winter, And A Modern-Day Salt Shortage How A Community Bank Tripped On Footnote 1,861 Of The Volcker Rule http://wgcu.org/post/how-community-bank-tripped-footnote-1861-volcker-rule When people talk about the Volcker Rule, they often mention JPMorgan Chase, the giant bank where a trader recently made a bad bet that lost $6 billion. The Volcker Rule is supposed to put an end to that sort of thing, by prohibiting banks from trading with their own money.<p>But some banks that are very, very different from JPMorgan Chase are struggling with an obscure provision in the rule. Fri, 10 Jan 2014 22:31:00 +0000 Zoe Chace 6227 at http://wgcu.org Two Sisters, A Small Room And The World Behind A T-Shirt http://wgcu.org/post/two-sisters-small-room-and-world-behind-t-shirt <em>Part of the <a href="http://apps.npr.org/tshirt/#/title" target="_blank">Planet Money T-shirt Project</a></em><p>This is the story of how the garment industry is transforming life in Bangladesh, and the story of two sisters who made the Planet Money T-shirt.<p>Shumi and Minu work six days a week operating sewing machines at Deluxe Fashions Ltd. in Chittagong, Bangladesh. Tue, 03 Dec 2013 21:06:00 +0000 Zoe Chace & Caitlin Kenney 5110 at http://wgcu.org Two Sisters, A Small Room And The World Behind A T-Shirt Nixon And Kimchi: How The Garment Industry Came To Bangladesh http://wgcu.org/post/nixon-and-kimchi-how-garment-industry-came-bangladesh <em>More details were added to this post after it was published. The new information was courtesy of Vidiya Khan, director of the Desh Group, and daughter of Noorul Quader.</em><p>Bangladesh was created out of chaos in the early 1970s, at a moment when millions in the country were dying from a combination of war and famine. The future looked exceedingly bleak.<p>Abdul Majid Chowdhury and Noorul Quader were Bangladeshi businessmen who wanted to help their country. "We asked ourselves, 'What the hell do we want?' " Chowdhury recalls. Mon, 02 Dec 2013 20:57:00 +0000 Zoe Chace 5151 at http://wgcu.org Nixon And Kimchi: How The Garment Industry Came To Bangladesh Stamps, Jeans, Beer: What Americans Want From North Korea http://wgcu.org/post/stamps-jeans-beer-what-americans-want-north-korea U.S. sanctions mean that any citizen or business wanting to buy stuff from North Korea has to send a letter to the U.S. government asking for special permission. A few months back, we submitted a Freedom of Information Act request, asking for those letters.<p>Our request was granted: We recently received a packet of 18 letters from Americans who wanted to do business with the most isolated nation on the planet. Fri, 26 Jul 2013 18:30:00 +0000 Zoe Chace 827 at http://wgcu.org Stamps, Jeans, Beer: What Americans Want From North Korea The 'Ask Your Uncle' Approach To Economics http://wgcu.org/post/ask-your-uncle-approach-economics The Beige Book is weird. It's an economic report released by the Federal Reserve every few months, but it doesn't have many numbers in it. Mostly, it's a bunch of stories gathered by talking to businesses around the country. Wed, 17 Jul 2013 21:23:00 +0000 Zoe Chace 481 at http://wgcu.org The 'Ask Your Uncle' Approach To Economics