Business

Business
2:37 am
Thu October 18, 2012

The Last Word In Business

Originally published on Thu October 18, 2012 10:11 am

Transcript

RENEE MONTAGNE, HOST:

And today's last word in business reminds us how quickly Internet memes, those viral moments come and go. Our last word is: binders full of sales.

A promotional pitch from Spirit Airlines, in a reference to this line from Mitt Romney during Tuesday night's debate defending his record on hiring women.

(SOUNDBITE OF PRESIDENTIAL DEBATE)

MITT ROMNEY: I went to a number of women's groups and said can you help us find folks and they brought us whole binders full of women.

DAVID GREENE, HOST:

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Middle East
1:33 am
Thu October 18, 2012

Sheldon Adelson Shakes Up Israeli Newspaper Market

Former staff of Israel's daily Maariv newspaper protest their dismissals on Sept. 20, in Tel Aviv. The newspaper, one of the country's oldest, is on the verge of closure.
Uriel Sinai Getty Images

Originally published on Sun October 21, 2012 9:04 am

Israel's newsstands are looking noticeably less crowded these days, as a crisis in the Israeli press threatens several of the country's oldest publications. Media experts in Israel say that market competition and a tendency to buy political influence through media ownership have crippled Israel's once-thriving newspaper market.

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Planet Money
1:32 am
Thu October 18, 2012

A Tax Plan That Economists Love (And Politicians Hate)

The mortgage is going to cost more than you thought.
Paul Sakuma AP

Originally published on Fri October 19, 2012 10:51 am

Watching a presidential campaign, it's easy to think that the nation is deeply divided over how to fix the economy. But when you talk to economists, it turns out they agree on an enormous number of issues.

So we brought together five economists from across the political spectrum and had them create their dream presidential candidate. Over the next few days, we'll have a series of stories on our economists' dream candidate. We start this morning with some changes to the tax code.

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Sports
3:24 pm
Wed October 17, 2012

Nike Drops Sponsorship Of Armstrong Over Doping

Originally published on Wed October 17, 2012 5:09 pm

Transcript

MELISSA BLOCK, HOST:

From NPR News, this is ALL THINGS CONSIDERED. I'm Melissa Block.

ROBERT SIEGEL, HOST:

And I'm Robert Siegel.

We begin this hour with major fallout for Lance Armstrong. Last week's scathing report from the U.S. Anti-Doping Agency linked Armstrong to a widespread doping program in cycling. Today, Armstrong stepped down as chairman of the foundation Livestrong, which he created to support those with cancer. Armstrong also lost major sponsors, including longtime supporter Nike. NPR's Tom Goldman begins our coverage.

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The Two-Way
2:05 pm
Wed October 17, 2012

Man Arrested For Allegedly Trying To Bomb N.Y. Federal Reserve

A cornerstone at the Federal Reserve Bank of New York in Manhattan.
Andrew Burton Getty Images

Originally published on Wed October 17, 2012 3:50 pm

"Quazi Mohammad Rezwanul Ahsan Nafis, 21, was arrested this morning in downtown Manhattan after he allegedly attempted to detonate what he believed to be a 1,000-pound bomb at the New York Federal Reserve Bank on Liberty Street in lower Manhattan's financial district," the FBI confirms an email just sent to reporters.

It adds that:

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Planet Money
9:21 am
Wed October 17, 2012

Manufacturing Jobs Aren't Coming Back, No Matter Who's President

St. Louis Fed

Originally published on Fri June 28, 2013 12:33 pm

The percentage of Americans working in manufacturing fell under President Reagan. It also fell under Presidents Bush, Clinton, Bush and Obama (respectively).

Which is to say, the decline of manufacturing jobs in the U.S. economy is not about who is president or what his policies are. It's the result of long-running, irreversible, historical factors (read: technology and globalization).

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The Two-Way
8:48 am
Wed October 17, 2012

Construction Of New Homes Surges To Four-Year High

Construction worker Jim Castellano walks out of a Toll Brothers Inc. home he is working on in Boca Raton, Florida.
Joe Raedle Getty Images

Originally published on Wed October 17, 2012 8:52 am

The rate at which builders began work on new homes surged to a four-year high, the Commerce Department said today.

The AP reports that September clocked the fastest pace since July of 2008. The AP adds:

"The Commerce Department says builders broke ground at a seasonally adjusted annual rate of 872,000 in September. That's an increase of 15% from August.

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All Tech Considered
6:31 am
Wed October 17, 2012

The Brain Of The Beast: Google Reveals The Computers Behind The Cloud

Google's data center in Council Bluffs, Iowa, houses servers in over 115,000 square feet of space.
Connie Zhou Google

Originally published on Fri October 19, 2012 8:09 am

Behind the ephemeral "cloud" of cloud computing, the network we use for everything from checking our email to streamlining our health care system, there lies a very tangible and very big computer infrastructure.

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Business
2:39 am
Wed October 17, 2012

'Wired' Magazine Story

Originally published on Wed October 17, 2012 5:13 am

Google has nearly 20 data centers packed with computer servers that are huge consumers of energy. Google allowed technology writer Steven Levy of Wired magazine to see its facility in Lenoir, N.C. Levy talks to Steve Inskeep about what he saw while he was there.

Business
2:39 am
Wed October 17, 2012

Farmers Cautious Of Drought-Resistant Seeds

Originally published on Wed October 17, 2012 6:31 am

Transcript

STEVE INSKEEP, HOST:

Here in the United States, the corn harvest is nearly complete. It was earlier and much smaller than in recent years, which means stockpiles are lower and prices will likely be higher. Now, while this summer's drought is largely to blame, the dry weather did offer perfect conditions to test drought-resistant corn. As Iowa Public Radio's Amy Mayer reports, seed companies and farmers are now crunching the yield numbers to see what these new varieties could mean in coming years.

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Business
2:39 am
Wed October 17, 2012

Target Begins Running Holiday TV Ads Early

Originally published on Wed October 17, 2012 6:31 am

Transcript

RENEE MONTAGNE, HOST:

And today's last word in business is: Are you ready?

(SOUNDBITE OF TARGET COMMERCIAL)

UNIDENTIFIED MAN: The holidays are coming, and they're going to be big.

MONTAGNE: Target has aired its first holiday ad of the season.

STEVE INSKEEP, HOST:

Let me just get my face out of my palm here. That's right. Forget planning your Halloween costume or picking out a turkey. Target is making its mark early - six weeks before Thanksgiving, in fact. It had a lot of people double-checking their calendar.

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Business
2:39 am
Wed October 17, 2012

Bankruptcy Adds To Criticism Of Obama's Green Policies

Originally published on Wed October 17, 2012 6:31 am

Transcript

RENEE MONTAGNE, HOST:

NPR's business news starts with echoes of Solyndra.

A Massachusetts manufacturer of electric car batteries has filed for bankruptcy. The company, A123 Systems, had received hundreds of million dollars in federal support, including a $250 million grant.

As NPR's Tovia Smith reports, its failure is reigniting criticism of President Obama's green energy policies.

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Business
3:44 pm
Tue October 16, 2012

Citigroup CEO Abruptly Steps Down

Originally published on Tue October 16, 2012 5:06 pm

Citigroup CEO Vikram Pandit is stepping down. In a statement released Tuesday morning, he said the time was right for someone else to take the helm. Pandit, who is 55 years old, took the top spot at Citi in December of 2007, just as the financial crisis was beginning to unfold.

Economy
2:37 pm
Tue October 16, 2012

Home Health Aides: In Demand, Yet Paid Little

Home health aide trainees Marisol Maldonaldo (center) and Nancy Brown (right), shown here with assistant instructor Miguelina Sosa, are studying to join one of the nation's fastest growing yet also worst paid sectors of the workforce.
Jennifer Ludden NPR

Originally published on Wed October 17, 2012 1:29 pm

The home care workforce — some 2.5 million strong — is one of the nation's fastest growing yet also worst paid. Turnover is high, and with a potential labor shortage looming as the baby boomers age, there are efforts to attract more people to the job.

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The Two-Way
11:36 am
Tue October 16, 2012

Citigroup CEO's Exit Leaves Wall Street Scratching Its Head

Vikram Pandit on the floor of the New York Stock Exchange on in June.
Spencer Platt Getty Images

Today's announcement that Vikram Pandit had abruptly resigned as chief executive of banking giant Citigroup has left competitors, analysts and media pundits stunned and sputtering.

"This comes as a huge surprise," William George, a Goldman Sachs board member, said in an interview on CNBC.

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Money Coach
10:04 am
Tue October 16, 2012

Can College Students Handle Their Own Finances?

America's student loan debt is more than one trillion dollars, according to government agencies. Now, a former professor says high schools and colleges need to do more to help students manage their debt load. Host Michel Martin speaks with writer Laura McKenna about her online op-ed for The Atlantic.

The Salt
10:02 am
Tue October 16, 2012

Farmer Tackling Monsanto's Seed Policy Gets A Day In Supreme Court

Many folks protest Monsanto's business practices, like this Greenpeace protester spraying paint on a company research soybean field in Iowa.
John Gaps III AP

Originally published on Wed February 13, 2013 8:57 am

Why do so many people hate Monsanto?

Is it because this multinational corporation pioneered some enormously successful genetically engineered crops, including corn, soybeans and cotton?

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Economy
9:30 am
Tue October 16, 2012

5 Questions 'Real' People Might Ask At The Debate

An audience member holds up his hand at a Mitt Romney town hall meeting in Dayton, Ohio, in March. Audience members will be allowed to ask questions at the second presidential debate, being held Tuesday night in Hempstead, N.Y.
Gerald Herbert AP

As this election year began, political pundits insisted the No. 1 issue would be the economy. They expected the candidates to offer voters detailed plans for encouraging job growth.

Now, with the election just three weeks away, many Americans are still scratching their heads, wondering what exactly President Obama and former Gov. Mitt Romney would do to improve the economy.

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The Two-Way
6:51 am
Tue October 16, 2012

Citigroup CEO Vikram Pandit Steps Down

Vikram Pandit on the floor of the New York Stock Exchange on in June.
Spencer Platt Getty Images

Originally published on Tue October 16, 2012 7:41 am

Vikram Pandit, the chief executive officer of Citigroup, has stepped down, the company's board announced today.

"The Board also announced it has unanimously elected Michael Corbat CEO and a director of the Board," Citigroup said in a statement. "Mr. Corbat previously served as Citigroup's CEO of Europe, Middle East and Africa."

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Business
5:33 am
Tue October 16, 2012

Who's The Richest Person In History?

Originally published on Tue October 16, 2012 8:45 am

Transcript

RENEE MONTAGNE, HOST:

Good morning. I'm Renee Montagne. Nearly 700 years after he ruled the Mali Empire, King Mansa Musa has been awarded the title of richest person in history. Personal fortune: $400 billion. That's according to a new inflation-adjusted list compiled by Celebrity Net Worth. West Africa's salt and gold were the source of Musa's great wealth, which he used to build magnificent mosques. More modern names on the list: The Rothchilds and John D. Rockefeller. It's MORNING EDITION. Transcript provided by NPR, Copyright National Public Radio.

Business
5:29 am
Tue October 16, 2012

Pizza Hut Rethinks Debate Promotion

Originally published on Tue October 16, 2012 8:45 am

Transcript

STEVE INSKEEP, HOST:

Election 2012
2:52 am
Tue October 16, 2012

Veterans Want Solutions To Unemployment Issue

Veterans applaud at an Oct. 8 campaign event in Swanton, Ohio, for Republican vice presidential candidate Paul Ryan. Health care and unemployment are among veterans' chief concerns this election season, and both the Obama and the Romney campaigns have offered solutions.
Mary Altaffer AP

Originally published on Wed October 17, 2012 8:35 am

Military veterans across the country have a whole range of concerns this election season, from the high rate of suicide to special challenges for female vets. But like everyone else, they're especially concerned with health care and jobs.

The nation's obligations to some 2 million veterans of Iraq and Afghanistan pose a challenge for the next commander in chief. Unemployment for post-Sept. 11 vets is about 2 percentage points worse than the national average, and veterans want solutions.

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Business
2:52 am
Tue October 16, 2012

The Last Word In Business

Originally published on Tue October 16, 2012 8:50 am

Snoop Dogg — who announced his reincarnation as Snoop Lion over the summer — is the newest spokesman for the microwaveable processed turnovers. In 2004, he had a hit, "Drop It Like It's Hot." Now he sings "Pocket Like It's Hot."

Business
2:52 am
Tue October 16, 2012

Business News

Originally published on Tue October 16, 2012 8:45 am

Transcript

(SOUNDBITE OF MUSIC)

STEVE INSKEEP, HOST:

NPR's business news starts with some shopping season indicators.

Black Friday, the height of the holiday shopping season, is a month and a half away but companies are already announcing significant seasonal hiring plans. The National Retail Federation says it expects strong holiday sales this year. Today, Amazon announced it is hiring 50,000 workers, thousands of whom it says, it will keep on after the holidays.

NPR Story
2:52 am
Tue October 16, 2012

Bank Of America Improves Foreclosure Image

Originally published on Tue October 16, 2012 8:45 am

Transcript

STEVE INSKEEP, HOST:

Bank of America will release quarterly earnings tomorrow and once again, foreclosures will be part of the equation. The Charlotte-based bank's role in the 2008 housing crash has landed it on a fair number of lists of most hated institutions in America.

But, as Julie Rose of member station WFAE in Charlotte discovered, some of those most involved in cleaning up the aftermath of the foreclosure crisis are beginning to soften toward the bank.

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NPR Story
2:52 am
Tue October 16, 2012

How Is The Fall TV Season Doing?

Originally published on Tue October 16, 2012 8:45 am

Transcript

STEVE INSKEEP, HOST:

It's MORNING EDITION from NPR News. I'm Steve Inskeep.

RENEE MONTAGNE, HOST:

And I'm Renee Montagne.

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NPR Story
2:52 am
Tue October 16, 2012

Manufacturers Financially Support Hiring Vets

Originally published on Tue October 16, 2012 8:45 am

Transcript

RENEE MONTAGNE, HOST:

And four major manufacturers say they will start offering financial support for the training of military veterans. The corporations are taking part in a program called Get Skills to Work Coalition. It has said its initial goal at training 15,000 vets.

NPR's Yuki Noguchi reports.

YUKI NOGUCHI, BYLINE: Unemployment among veterans has been falling, as it has for everyone else. The jobless rate among vets serving after 2001 now stands at 9.7 percent, but that's still about 2 percentage points higher than the general population.

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Crisis In The Housing Market
1:01 am
Tue October 16, 2012

Renters No More: Newbies Lured To Homeownership

Kitsy Roberts and Janko Williams have traded a rent payment for a mortgage. The Seattle couple is planning to put a lot of sweat equity into their fixer-upper.
Wendy Kaufman NPR

Originally published on Tue October 16, 2012 8:45 am

In many American communities, buying a home is now less expensive than renting. And with the economics tilting in favor of homeownership, many first-time buyers are jumping into the market.

After eight years of renting, Kitsy Roberts and her husband, Janko Williams, are practically giddy about their new Seattle home. And like proud parents, they are eager to show it off, from its historic details to its fresh paint.

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Business
3:40 pm
Mon October 15, 2012

Sprint Born From Railroad, Telephone Businesses

Originally published on Mon October 15, 2012 4:46 pm

Melissa Block explores the long family history of the companies that comprise what became Sprint. It all began in Kansas in the late 19th century and came to include a long distance system created by the Southern Pacific Railroad Internal Network Telecommunications, or SPRINT.

Business
3:07 pm
Mon October 15, 2012

Red Bull's Brand As Powerful As Its Beverage

Originally published on Mon October 15, 2012 8:10 pm

Transcript

MELISSA BLOCK, HOST:

From NPR News, this is ALL THINGS CONSIDERED. I'm Melissa Block.

Yesterday millions of people watched a man free fall from 24 miles above earth, breaking the sound barrier, and then watched as Felix Baumgartner glided down into the New Mexico desert.

UNIDENTIFIED MAN #1: Here he's coming. And there you can see by the approaching shadow, he's just about there. (Unintelligible) the world record holder.

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