Business

Business
3:39 pm
Mon April 23, 2012

Bankrupt American Airlines Spars With Unions

American Airlines and American Eagle employees protest Monday in New York City against American's plans to cut jobs and labor costs while under bankruptcy court protection. American is seeking permission to break up union contracts and cut expenses, but the unions oppose those plans and support a potential takeover bid by US Airways.
Spencer Platt Getty Images

Originally published on Mon April 23, 2012 6:24 pm

With US Airways breathing down its neck, making nice with its unions as well as its creditors, American Airlines came to New York City on Monday to ask a federal bankruptcy judge for relief. Mostly, American wants relief from its unions — 13,000 jobs would be eliminated under its reorganization proposal. American has been hemorrhaging money for years and wants to lower its costs to compete.

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World
3:04 pm
Mon April 23, 2012

Mexican Bribery Allegations Put Wal-Mart On Defense

Originally published on Mon April 23, 2012 5:39 pm

Transcript

ROBERT SIEGEL, HOST:

Lawmakers in the U.S. and Mexico called today for an investigation into Wal-Mart. That's after a damaging story published in The New York Times on Sunday. The Times reported that Wal-Mart's Mexico subsidiary engaged in a massive campaign of bribery, paying more than $24 million to obtain permits to expand its stores across Mexico.

MELISSA BLOCK, HOST:

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Your Money
3:04 pm
Mon April 23, 2012

How Long Will Social Security Last?

Originally published on Mon April 23, 2012 5:39 pm

Transcript

ROBERT SIEGEL, HOST:

From NPR News, this is ALL THINGS CONSIDERED. I'm Robert Siegel.

MELISSA BLOCK, HOST:

And I'm Melissa Block. The Social Security Trust Fund is being squeezed. It's now projected that the trust will no longer be able to fully fund benefits starting in 2033. That's more than two decades from now, but the new depletion date, as it's called, is three years earlier than last year's projections.

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Media
3:04 pm
Mon April 23, 2012

Murdochs, News Corp Face Big Week Of Investigations

Originally published on Mon April 23, 2012 5:39 pm

Transcript

MELISSA BLOCK, HOST:

You're listening to ALL THINGS CONSIDERED.

In Britain, the allegations keep coming of illegal behavior by Rupert Murdoch's News Corporation. Today, an investigation was announced into email hacking by Sky News. News Corp's British operations already stand accused of phone hacking, along with bribing police officers.

As NPR's David Folkenflik reports, the new investigation comes just before Murdoch is scheduled to testify on the sandal.

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It's All Politics
11:58 am
Mon April 23, 2012

Romney Backs Extension Of Student Loan Relief

Originally published on Mon April 23, 2012 1:08 pm

Mitt Romney on Monday endorsed the idea of extending a law that curbs interest rates paid by some recipients of federal student loans, a cause that President Obama has made a campaign issue.

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Planet Money
9:28 am
Mon April 23, 2012

What America Owes In Student Loans

Lam Thuy Vo NPR

Originally published on Mon November 26, 2012 6:42 pm

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The Salt
8:53 am
Mon April 23, 2012

Don't Call It A Malbec: Europe Sours On British Winery's Plan

The European Union is forcing a British winery to give away wine made with Argentinian Malbec grapes. Here, a cluster of Malbec grapes hang from a vine.
Eric Risberg AP

Originally published on Mon April 23, 2012 9:17 am

A British winemaker has finally been given official approval to release a limited-edition wine made in collaboration with Malbec grape growers in Argentina, on one condition: It can't sell the wine, or label it a Malbec. Actually, it can't even call it wine at all.

The Chapel Down winery's only option for getting rid of its wine is to give it away as a sample, calling it a "fruit-derived alcoholic beverage from produce sourced outside the EU."

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Europe
2:42 am
Mon April 23, 2012

State-Owned German Banks Suffer After Risky Investments

Originally published on Mon April 23, 2012 5:19 am

Unlike the United States, Germany never had a housing bubble. Its mortgage market is too tightly regulated. But some German banks did lose a lot of money in the financial crisis, and they're still paying a big price for it.

Business
2:42 am
Mon April 23, 2012

The Last Word In Business

Originally published on Mon April 23, 2012 5:03 am

The denim store in Kobe, Japan, sells jeans for $350. The store is able to sell a pair of jeans for that price because it's tapped into a Japanese subculture that is obsessed by 1950s Americana.

Politics
2:42 am
Mon April 23, 2012

Charity Status Of Conservative Group Challenged

Originally published on Mon April 23, 2012 4:36 am

Transcript

RENEE MONTAGNE, HOST:

This is MORNING EDITION from NPR News. Good morning. I'm Renee Montagne.

STEVE INSKEEP, HOST:

And I'm Steve Inskeep. Good morning.

Opponents have intensified a campaign against a group that drafts and promotes bills for state lawmakers to enact. The American Legislative Exchange Council, or ALEC, says it stands for limited government, free markets and federalism. The corporate-funded group has promoted much debated ideas - from voter ID rules to stand your ground gun laws.

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Business
2:42 am
Mon April 23, 2012

N.C. Company Handcrafts Artisan Jeans In Raleigh

Originally published on Mon April 23, 2012 7:50 am

Transcript

RENEE MONTAGNE, HOST:

Back a half-century ago, much of North Carolina's work force, 40 percent, got a paycheck from the textile industry. These days, it's less than 2 percent, with many of those lost jobs going overseas.

But one company - Raleigh Denim - has found a way to thrive in North Carolina, by making blue jeans the old-fashioned way. Here's Laurin Penland with the story.

(SOUNDBITE OF MACHINERY)

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Business
2:42 am
Mon April 23, 2012

German Chemical Plant Fire Threatens Auto Backlog

Originally published on Mon April 23, 2012 4:36 am

Transcript

RENEE MONTAGNE, HOST:

Next, we have a tale of globalization, how a single fire at a company in Germany could affect business in Detroit or Shanghai.

STEVE INSKEEP, HOST:

The company is a chemical plant in a town called Marl. An explosion there killed two people. It was a tragedy, but did not seem to have global significance.

MONTAGNE: Until car companies realized that Marl is vital to their business. NPR's Sonari Glinton explains.

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Business
2:42 am
Mon April 23, 2012

Nestle To Buy Pfizer's Infant-Nutrition Line

Originally published on Mon April 23, 2012 5:09 am

Transcript

RENEE MONTAGNE, HOST:

NPR's business news starts with an acquisition for Nestle.

(SOUNDBITE OF MUSIC)

Business
2:42 am
Mon April 23, 2012

Continued Job Growth Will Help Housing Industry

Originally published on Mon April 23, 2012 4:36 am

Transcript

STEVE INSKEEP, HOST:

Later this week, we get some key data to help judge the state of the nation's housing market. There are some early signs of recovery, but home prices are still falling in many areas, as NPR's Chris Arnold reports.

CHRIS ARNOLD, BYLINE: Tomorrow, we'll get the latest word on home prices from what's called the S&P Case-Shiller index. That keeps showing price declines in many areas. Though those price drops have been leveling off, so things definitely aren't as bad as they were.

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Economy
3:06 pm
Sat April 21, 2012

The Export Boom: Who's Buying American?

Container ships are positioned under cranes at the Port of Oakland in California. U.S. exports are up more than 30 percent from just two years ago, when President Obama set a goal of doubling U.S. exports in five years.
Justin Sullivan Getty Images

Originally published on Sat April 21, 2012 7:09 pm

In his State of the Union address two years ago, President Obama argued there were a few things the U.S. needed to do in order to recover from the economic recession. One of them was to export more of our goods around the world.

"The more products we make and sell to other countries, the more jobs we support right here in America," Obama said.

That night, the president unveiled a new goal: to double U.S. exports over the next five years. It would be an increase that the president said would "support two million jobs in America."

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Economy
5:41 am
Sat April 21, 2012

Local Economy Could Soar With Boston-Tokyo Flight

Originally published on Sat April 21, 2012 8:46 am

Transcript

SCOTT SIMON, HOST:

Boston is getting the country's first commercial route flown by the new Boeing 787 Dreamliner. Now, the flight lifts off tomorrow afternoon, nonstop service from Boston to Tokyo. The Japan Airlines flight will also give a lift to Boston's economy, with Japanese tourists and business travelers now just 13 hours away.

From member WBUR in Boston, Curt Nickisch reports on the city's nonstop excitement.

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Economy
4:23 am
Sat April 21, 2012

What's It Worth?: Historic Detroit Mansion For Sale

Stone Hedge, a 10,000-square-foot Detroit mansion built in 1915 is listed at less than $450,000.
Jessica J. Trevino Detroit Free Press

Originally published on Sun April 22, 2012 5:40 am

Even before the financial crisis, Detroit was known for its undervalued real estate. Now, a bad situation is even worse.

Michael Bradley and his sister Annette Foreman have spent the last several months cleaning their mother's home. She died on Christmas Eve last year, and they're putting her house up for sale.

The four-story house, known as Stone Hedge, was originally built for Walter O. Briggs in 1915. Briggs was in the car business. His company built auto bodies, and he owned the Detroit Tigers.

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The Salt
10:43 am
Fri April 20, 2012

Rewash That Pre-Washed Bag Of Lettuce? Don't Bother (Probably)

If you rewash your pre-washed salad for safety, you're not alone. But is it necessary?
istockphoto.com

It's the unscripted, offhand comments that get you in hot water in journalism. Yesterday, in an on-air conversation that introduced a piece on All Things Considered about how farmers in California's Salinas Valley try to keep harmful microbes out of bagged salad greens, we had this exchange in the studio:

Allison Aubrey: Does that mean we need to wash this stuff?

Audie Cornish: I wash it every time, I just don't know if it helps.

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The Salt
6:47 am
Fri April 20, 2012

Government Takeover Of Farm Subsidy Would Save Billions, Economist Says

The Yazoo River floodwaters inundate crops last year in Yazoo County, Mississippi
Mario Tama Getty Images

Originally published on Fri April 20, 2012 9:27 am

Arithmetic can be quite enlightening sometimes. One of the country's top agricultural economists just fiddled with the government's balance sheet on crop insurance, and arrived at a shocking conclusion: We'd spend billions of dollars less than we do now if we just gave away a simplified version of the insurance for free.

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Business
3:02 am
Fri April 20, 2012

The Last Word In Business

Originally published on Fri April 20, 2012 5:24 am

Vegetarians and others were highly distressed after finding out that Starbucks uses a red coloring in some of its drinks that's made from crushed bugs. An online protest campaign delivered thousands of angry emails to Starbucks headquarters.

NPR Story
2:47 am
Fri April 20, 2012

Murdoch's News Corp. Faces New Legal Threats

Originally published on Fri April 20, 2012 4:46 am

Transcript

STEVE INSKEEP, HOST:

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

LYNN NEARY, HOST:

And I'm Lynn Neary.

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NPR Story
2:47 am
Fri April 20, 2012

Examining Coverage Of The Trayvon Martin Case

Originally published on Fri April 20, 2012 4:46 am

Transcript

LYNN NEARY, HOST:

The Florida judge in the case of George Zimmerman, who shot and killed teenager Trayvon Martin in February, set bail this morning of $150,000. Zimmerman took the stand during the hearing and told Martin's parents that he was sorry for the loss of their son. Zimmerman is charged with second-degree murder, but he claims self-defense. Cable TV news channels carried the bail hearing live.

STEVE INSKEEP, HOST:

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NPR Story
2:42 am
Fri April 20, 2012

Federal Reserve Delays Enforcement of Volker Rule

Originally published on Tue May 15, 2012 2:31 pm

Transcript

STEVE INSKEEP, HOST:

Some other news. The Federal Reserve and other banking regulators have granted banks a two-year grace period to come into compliance with the Volcker Rule. That's one of the provisions of the Dodd-Frank financial reform bill passed a couple of years ago. It restricts American banks from making trades that put the bank and depositor funds at risk.

But as NPR's Yuki Noguchi reports, regulators are struggling to iron out the details.

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NPR Story
2:42 am
Fri April 20, 2012

Google, Oracle Locked In High-Stakes Patent Battle

Originally published on Fri April 20, 2012 6:16 am

Two billionaires took the stand this week — both named Larry. Google's Larry Page and Oracle's Larry Ellison have very different styles and personalities. And that came across in court.

NPR Story
2:42 am
Fri April 20, 2012

Business News

Originally published on Fri April 20, 2012 5:18 am

Transcript

(SOUNDBITE OF MUSIC)

LYNN NEARY, HOST:

NPR's business news begins with a poor reception for Nokia's new smartphone.

(SOUNDBITE OF MUSIC)

Planet Money
1:26 am
Fri April 20, 2012

When Lobbyists Pay To Meet With Congressmen

Charles Dharapak AP

Originally published on Mon April 23, 2012 3:49 pm

Yesterday, we reported on the fundraisers that lobbyists hold for Congressmen every day in Washington. Today, we hear what happens inside those events. The stories are part of our series on money in politics.

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Around the Nation
1:22 am
Fri April 20, 2012

As Workers Age, Oil Industry Braces For Skills Gap

The Deepwater Horizon oil rig burns in the Gulf of Mexico in April 2010. The rig's crew were new to their positions just before the explosion. Such staffing reorganizations are increasingly common as the industry grapples with a staffing shortage.
U.S. Coast Guard Getty Images

Originally published on Tue May 8, 2012 7:11 am

Two years after the Deepwater Horizon accident killed 11 men and sent oil spewing into the Gulf of Mexico, the oil industry says it has learned valuable lessons from the disaster that are making drilling safer today.

But there's still a pressing issue looming for the oil industry: Oil field workers are retiring in huge numbers, leaving a workforce that's younger and — more importantly — less experienced.

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Business
3:24 pm
Thu April 19, 2012

U.S. Wallet Closed As IMF Seeks To Build Crisis Fund

International Monetary Fund Managing Director Christine Lagarde made the case for an international crisis fund at a briefing in Washington on Thursday.
Alex Wong Getty Images

Originally published on Thu April 19, 2012 4:34 pm

On the eve of the spring meetings of the World Bank and the International Monetary Fund, the IMF's managing director, Christine Lagarde, says there's a spring wind blowing in a recovery for the world economy.

But, she cautioned, there are still dark clouds on the horizon — a reference to the continued threats posed by Europe's sovereign debt crisis. Lagarde says making sure the IMF has the resources to manage that threat is this meeting's top priority.

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NPR Story
2:28 pm
Thu April 19, 2012

TV Goes To The Dogs At Home Alone

Originally published on Thu April 19, 2012 4:34 pm

Transcript

AUDIE CORNISH, HOST:

A new TV channel is going to the dogs.

BECKY LUBEACH: It is TV that is shot from a dog's perspective.

CORNISH: That's Becky Lubeach of DOGTV.

LUBEACH: It's been enhanced, that the colors that they see pop out. And the music has all been composed for them.

CORNISH: In other words, entertainment made not for you, but for your stay-at-home hound. No sitcoms about dogs. No "Jersey Shore," no ads either.

MELISSA BLOCK, HOST:

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The Salt
12:47 pm
Thu April 19, 2012

Starbucks Ditches Bug-Based Red Dye In Strawberry Drink

By June, this drink will be bug-free, Starbucks says
Armstrong Photo Starbucks

For those of you boycotting Starbucks over the red dye made from crushed bugs it's been using, this Strawberries & Crème Frappuccino® is for you.

As we reported last month, vegetarians and others who'd rather not eat insects protested when they found out the the company uses cochineal, the red "juice" a tiny white bug called Dactylopius coccus exudes when crushed, to color certain food and drinks.

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