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Planet Money
3:27 pm
Wed July 18, 2012

Capital One's Credit-Card Settlement In Context

Credit Mark Lennihan / AP

Originally published on Wed July 18, 2012 4:58 pm

The federal government's new consumer protection bureau notched its first major enforcement action today. Capital One Financial has agreed to shell out $210 million to settle allegations that it tricked credit card customers into buying unwanted services — mostly credit insurance and similar products — while activating credit cards.

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Business
2:07 pm
Wed July 18, 2012

A Look Back At MSNBC's Heady Early Days

Originally published on Wed July 18, 2012 5:30 pm

Transcript

AUDIE CORNISH, HOST:

You're listening to ALL THINGS CONSIDERED from NPR.

On Monday, Microsoft unveiled the latest version of its office suite. CEO Steve Ballmer called it the most vibrant, exciting new version of Windows in years. He said it feels to us a lot like 1995, which happens to be when our commentator Andrei Codrescu got a close-up look at the company.

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Economy
12:23 pm
Wed July 18, 2012

Rethinking Prosperity: Ideas For 'Fixing The Future'

Credit JumpStart Productions LLC
Raquel Rodriguez and Sylvia Barrios work at Yo Mama's Catering Cooperative, the first worker-owned catering business in Austin, Tx.

Originally published on Thu July 19, 2012 10:42 am

In the documentary Fixing the Future, reporter David Brancaccio traveled across America to talk to people who are working to reinvent the American economy. Through innovative approaches to creating jobs and wealth — like time banking, worker cooperatives, local currencies and community banking — Americans are rethinking how we measure prosperity and calculate GDP.

NPR's Jennifer Ludden talks with Brancaccio about new experiments in the economy of the future.

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Opinion
9:20 am
Wed July 18, 2012

Weekly Standard: Time To Get Tough With The Banks

Credit Win McNamee / Getty Images
Republican presidential candidate Mitt Romney speaks at a campaign rally at Horizontal Wireline Services July 17 in Irwin, Penn.

Irwin M. Stelzer is a contributing editor to The Weekly Standard, director of economic policy studies at the Hudson Institute, and a columnist for the Sunday Times (London).

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Opinion
9:20 am
Wed July 18, 2012

The New Republic: Where's The Outrage Over LIBOR?

Credit Oli Scarff / Getty Images
The Canary Wharf headquarters of Barclays Bank, who have been more than $450 for manipulating the LIBOR inter-bank lending rate, on June 28 in London, England. British Prime Minister David Cameron has said the bank's management has 'serious questions' to answer regarding their practices.

Noam Scheiber is a senior editor at The New Republic.

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Opinion
9:19 am
Wed July 18, 2012

The Nation: Can LIBOR Force U.S. Banking Reform?

Credit Chip Somodevilla / Getty Images
Federal Reserve Board Chairman Ben Bernanke testifies before the Senate Banking, Housing and Urban Affairs Committee on Capitol Hill July 17 in Washington, D.C.

John Nichols is a Washington correspondent at The Nation.

As lies go, none is greater than the one that suggests banks are capable of "self-regulation."

Given authority over their own affairs, through fantasies such as "self-reporting," CEOs, CFOs and COOs who travel in limousines, wear very expensive suits and give to all the right charities will do what comes naturally to them: lie.

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Planet Money
7:48 am
Wed July 18, 2012

Hurricane Doubts And Salvation Army Socks

Credit Cesar Rodriguez / American Red Cross

Originally published on Thu July 19, 2012 7:53 am

Friday's pieces on the Red Cross and the lasting harm it suffered after it briefly charged soldiers for doughnuts during World War II drew a big response. (A longer version made up the bulk of Friday's show, while a shorter version aired that afternoon on All Things Considered.)

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The Two-Way
7:26 am
Wed July 18, 2012

Housing Starts Hit Four-Year High; Bernanke Heads Back To Capitol Hill

Credit Matt York / AP
In Phoenix earlier this month, workers were framing this new home.

Originally published on Wed July 18, 2012 7:57 am

There's more evidence that the housing sector is on the mend and may be the sector of the economy that's got the most going for it these days.

According to the Census Bureau and Department of Housing and Urban Development there was a 6.9 percent increase in "housing starts" last month. At an annual rate of 760,000, ground-breaking for construction of single-family homes, apartments and condominiums the pace hit a four-year high, The Associated Press says.

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Business
2:33 am
Wed July 18, 2012

Are Pagers Obsolete?

Originally published on Wed July 18, 2012 7:57 am

Transcript

STEVE INSKEEP, HOST:

This next story is for people who go for old-school technology. If you're the kind of person who owns a tube television - not one of those flat screens - nothing wrong with that. Or maybe you're the kind of person who has an old Walkman with cassette tapes hiding in a drawer somewhere. Maybe you even still use it. And if you're holding on to technology that others have deemed obsolete, you are not alone.

Reporter Tracey Samuelson found some dated devices in a place that might surprise you.

(SOUNDBITE OF BEEPING)

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Economy
2:33 am
Wed July 18, 2012

Fed Chief Gives Gloomy Economic Review

Originally published on Wed July 18, 2012 7:57 am

Transcript

STEVE INSKEEP, HOST:

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

RENEE MONTAGNE, HOST:

And I'm Renee Montagne.

We begin our program with two very different views of the economy. Two observers of the economy think the long-term looks very good, as we'll hear in a moment.

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Economy
2:33 am
Wed July 18, 2012

Economic Update

Originally published on Wed July 18, 2012 3:58 pm

Steve Inskeep talks to David Wessel of The Wall Street Journal and Zanny Minton Beddoes of The Economist, about the U.S. economy. What kind of a recovery are we looking at, and where is the growth coming from?

Around the Nation
2:33 am
Wed July 18, 2012

Politics Weighs Down San Bernardino's Economic Problems

Originally published on Wed July 18, 2012 11:41 am

The city of San Bernardino, Calif., is expected to declare a fiscal emergency, and officially file for bankruptcy on Wednesday. The declaration would be the third by a California city in recent weeks. Some analysts believe San Bernardino's problems may be more about its dysfunctional local politics.

Business
2:33 am
Wed July 18, 2012

Business News

Originally published on Wed July 18, 2012 7:57 am

Transcript

(SOUNDBITE OF MUSIC)

STEVE INSKEEP, HOST:

Some surprise earnings are at the top of NPR's business news.

RENEE MONTAGNE, HOST:

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NPR Story
2:30 am
Wed July 18, 2012

Home Builders Are Confident Things Are Looking Up

Originally published on Wed July 18, 2012 7:57 am

Transcript

RENEE MONTAGNE, HOST:

And the nation's homebuilders are feeling more optimistic than they have since March, 2007, just before the beginning of the Great Recession. What's more, the National Association of Home Builders' Housing Market Index has posted its largest one month gain in roughly a decade.

NPR's Wendy Kaufman reports.

WENDY KAUFMAN, BYLINE: David Crowe, the chief economist at the Home Builders Association says things are definitely looking up. It's a trend that began last September.

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NPR Story
2:30 am
Wed July 18, 2012

The Last Word In Business

Originally published on Thu July 19, 2012 6:39 am

One big reason Canadians have pulled ahead, is the U.S. housing bust destroyed a lot of wealth. Home values in Canada have remained steady, and lately, they've even enjoyed a housing boom.

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