Business

All Tech Considered
3:19 am
Sat March 8, 2014

Tech Week That Was: Women In Tech, Bitcoin's Man And SXSW Begins

A Bitcoin sign at a shop in Hong Kong.
Philippe Lopez AFP/Getty Images

Originally published on Tue March 11, 2014 8:15 am

Another hectic week in the technology space wraps up just as the massive festival for interactive geeks and the marketers who love them — South By Southwest — gets under way in Austin, Texas.

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Media
2:03 pm
Fri March 7, 2014

After Newsweek 'Outs' Purported Bitcoin Founder, Questions Follow

Originally published on Fri April 4, 2014 3:02 pm

Transcript

AUDIE CORNISH, HOST:

From NPR News, this is ALL THINGS CONSIDERED. I'm Audie Cornish.

MELISSA BLOCK, HOST:

And I'm Melissa Block. The past 36 hours have brought us a splashy cover story claiming to have found the figure behind a shadowy multi-billion dollar enterprise, also a media circus replete with an OJ Simpson-like car chase through the streets of Los Angeles and an army of online debunkers intent on proving the article false.

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Economy
2:03 pm
Fri March 7, 2014

February Jobs Numbers Give Some Economists Reason To Smile

Originally published on Fri March 7, 2014 5:29 pm

Transcript

AUDIE CORNISH, HOST:

From NPR News, this is ALL THINGS CONSIDERED. I'm Audie Cornish.

MELISSA BLOCK, HOST:

And I'm Melissa Block. There was some positive economic news today. Job growth in February was stronger than expected. The government monthly employment report showed 175,000 jobs were added to the economy last month. There were also upward revisions for December and January. As NPR's John Ydstie reports, that improvement comes despite evidence that stormy winter weather may have restrained job growth.

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The Two-Way
1:41 pm
Fri March 7, 2014

Lawmaker Wants To Ban Orcas At San Diego's SeaWorld

A trainer feeds killer whales ice chunks in a tank at SeaWorld in San Diego in this undated photo.
Sandy Huffaker/Barcroft Media Barcroft Media /Landov

Originally published on Fri March 7, 2014 5:33 pm

A California lawmaker has proposed a measure that would prohibit SeaWorld San Diego from using orcas in its shows.

Richard Bloom, a Santa Monica Democrat, says the documentary Blackfish, which examines the 2010 death of a SeaWorld trainer who was killed by a captive orca, inspired him to push the bill.

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Code Switch
12:50 pm
Fri March 7, 2014

A Native American Tribe Hopes Digital Currency Boosts Its Sovereignty

Originally published on Fri March 7, 2014 2:35 pm

There's a lot of talk about virtual currencies lately — how they work, economic implications and whether they're safe. But now a Native American tribe is using a bitcoin-like currency to help strengthen its sovereignty.

In South Dakota, the Oglala Lakota Nation has become the first Native American tribe to launch its own form of virtual currency. Payu Harris, its creator, calls it mazacoin.

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The Two-Way
10:37 am
Fri March 7, 2014

MasterCard, Visa Team Up To Improve Payment Security

Visa and MasterCard have formed an industry-wide group to improve payment security.
Damien Meyer AFP/Getty Images

Originally published on Fri March 7, 2014 12:48 pm

Credit-card rivals Visa and MasterCard said Friday they have formed an industry-wide group aimed at improving payment security in the wake of a number of breaches that compromised customers' data.

"The recent high-profile breaches have served as a catalyst for much needed collaboration between the retail and financial services industry on the issue of payment security," Visa President Ryan McInerney said in the statement.

According to Reuters:

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All Tech Considered
10:28 am
Fri March 7, 2014

Why All This Fuss Over Satoshi Nakamoto Is A Boost For Bitcoin

Is this Satoshi Nakamoto, the mysterious founder of Bitcoin? He says no.
Nick Ut AP

Originally published on Sun March 9, 2014 10:15 pm

On Thursday, Newsweek's Leah McGrath Goodman reported that she had found the founder of the crypto-currency Bitcoin — the elusive Satoshi Nakamoto, a person or group of people whose true identity has been unknown.

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Shots - Health News
9:44 am
Fri March 7, 2014

Actuaries In Denver Will Get First Peek At Obamacare's Full Cost

Health insurers are banding together to share information about how much new customers are costing health plans. A group of actuaries in Denver will be the first to see the figures, which could be used in calculating future rates.
iStockphoto

Now that medical insurers must accept all applicants no matter how sick, what will these new customers cost health plans? And how will their coverage costs affect insurance prices for 2015 and beyond?

Few questions about the Affordable Care Act are more important. How it all plays out will affect consumer pocketbooks, insurance company profits and perhaps the political fortunes of those backing the health law.

A few Denver actuaries, bound to confidentiality, will be the first to glimpse the answers.

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The Two-Way
6:20 am
Fri March 7, 2014

Jobless Rate Ticks Up, But Job Growth Is Better Than Expected

The scene at a job fair for veterans earlier this year in Washington, D.C.
Mark Wilson Getty Images

Originally published on Fri March 7, 2014 9:14 am

This post has been updated.

The nation's unemployment rate edged up to 6.7 percent in February from 6.6 percent the month before, but employers added more jobs than expected, the Bureau of Labor Statistics said Friday.

According to BLS, the number of jobs on public and private payrolls grew by 175,000 last month — about 25,000 more than economists had expected.

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The Two-Way
6:00 am
Fri March 7, 2014

Book News: @GSElevator Author Loses Book Deal

Originally published on Fri March 7, 2014 8:24 am

The daily lowdown on books, publishing, and the occasional author behaving badly.

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Business
4:55 am
Fri March 7, 2014

'Game Of Thrones' Mixtape Drops On Friday

Originally published on Fri March 7, 2014 9:39 am

Transcript

LINDA WERTHEIMER, HOST:

And our last word in business is: Dragons.

(SOUNDBITE OF MUSIC)

WERTHEIMER: If you were one of the 14 million people who watches HBO's epic fantasy series "Game of Thrones," the word Dragons conjures adventure and excitement. If you're not watching, HBO wants you.

DAVID GREENE, HOST:

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Business
4:26 am
Fri March 7, 2014

Safeway And Albertson's Announce Grocery Merger

Originally published on Fri March 7, 2014 9:39 am

Transcript

LINDA WERTHEIMER, HOST:

NPR's business news starts with a $9 billion grocery sale.

(SOUNDBITE OF MUSIC)

WERTHEIMER: The no. 2 grocery chain in the U.S., Safeway, is being acquired by the owner of Albertson's, the fifth largest grocer. Cerberus Capital Management is paying just over $40 a share for Safeway, the company said last night. The multi-billion-dollar deal creates a food retailer with more than 2,400 stores and more than 250,000 employees. Transcript provided by NPR, Copyright NPR.

Around the Nation
3:22 am
Fri March 7, 2014

Great Lakes' Ice Cover Nears 1979 Record

Originally published on Fri March 7, 2014 12:11 pm

Transcript

DAVID GREENE, HOST:

All the polar air this winter has frozen the Great Lakes to an extent not seen in 35 years. Scientists say the record for ice coverage, set in 1979, could soon be broken. That year, nearly 95 percent of the Great Lakes were covered with ice. As of yesterday, ice coverage was at 92 percent.

LINDA WERTHEIMER, HOST:

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Business
3:01 am
Fri March 7, 2014

Investors: Oversight Is Needed For Bitcoin To Become Mainstream

Originally published on Fri March 7, 2014 9:39 am

Transcript

(SOUNDBITE OF MUSIC)

LINDA WERTHEIMER, HOST:

It's MORNING EDITION from NPR News. I'm Linda Wertheimer.

DAVID GREENE, HOST:

Enzyme David Greene.

Let's return to the saga of bitcoin, the digital currency. Yesterday, "Newsweek" announced that it uncovered bitcoins founding father - but the man they named - Dorian Satoshi Nakamoto - denied it. Just last week, the bitcoin world was rocked by a half billion dollar bank robbery.

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Around the Nation
2:55 am
Fri March 7, 2014

Weather Expected To Effect February Jobs Report

Originally published on Fri March 7, 2014 9:39 am

Transcript

DAVID GREENE, HOST:

The recent bout of winter weather that many of us have felt has hit the U.S. economy. Winter storms cooled job growth in February. The only question is by how much. Economists, investors and job seekers are looking to today's employment report from the government for an answer. NPR's John Ydstie says their predictions have been dampened by the weather too.

JOHN YDSTIE, BYLINE: John Sylvia is the top economist for Wells Fargo. His forecast for job growth in February has been pounded down by the weather.

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The Salt
1:14 am
Fri March 7, 2014

States Fight California's Chicken Cage Law. But It's Really About Bacon

Free-range chickens lay eggs for Sauder's Quality Eggs in Pennsylvania.
Dan Charles NPR

Originally published on Mon March 10, 2014 10:55 am

By most measures, David Kesten's hens are living the good life.

"They can act like chickens, they can run around," says Kesten, who's raising hens in an old wooden shed in the open countryside near Concordia, Mo. "They can go out and catch bugs, they can dig in the ground."

But most U.S. hens live crammed into very close quarters, according to Joe Maxwell, with the Humane Society of the U.S. And he says that's just wrong.

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The Two-Way
4:43 pm
Thu March 6, 2014

Grocery Chains Safeway And Albertson's Announce Merger Deal

Private equity firm Cerberus Capital Management has offered to buy Safeway, Inc., the nation's second-largest grocery chain, for a reported $9.4 billion. Cerberus plans to merge Safeway with another grocer, Albertson's.

"Safeway has been focused on better meeting shoppers' diverse needs through local, relevant assortment, an improved price/value proposition and a great shopping experience that has driven improved sales trends," Safeway CEO Robert Edwards said in a statement. "We are excited about continuing this momentum as a combined organization."

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Planet Money
3:41 pm
Thu March 6, 2014

Does Raising The Minimum Wage Kill Jobs?

Kenzo Tribouillard AFP/Getty Images

Originally published on Thu March 6, 2014 5:50 pm

President Obama has called for increasing the minimum wage, saying it will help some of the poorest Americans. Opponents argue that a higher minimum wage will lead employers to cut jobs.

Figuring out the effect of raising the minimum wage is tough. Ideally you'd like to compare one universe where the minimum was raised against an alternate universe where it remained fixed.

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All Tech Considered
2:21 pm
Thu March 6, 2014

'Newsweek' Says It Found Bitcoin's Founder: 4 Things To Know

Newsweek's cover story reveals a man named Satoshi Nakamoto, who matches many characteristics of the elusive founder of Bitcoin but never explicitly admits to it.
Via Newsweek

Originally published on Thu March 6, 2014 8:31 pm

Update at 8:15 p.m. ET:

In an interview with the Associated Press, the man Newsweek claims is the founder of Bitcoin denies he has any connections to the digital currency.

Dorian S. Nakamoto told the AP that he had never heard of Bitcoin until his son told him a reporter had contacted him three weeks ago:

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Planet Money
1:30 pm
Thu March 6, 2014

Beyond Job Titles: What Do You Really Do?

---
hairbycamas via Instagram

Originally published on Fri March 7, 2014 11:57 am

The big monthly jobs report that came out Friday has tons of numbers describing the American labor force. The numbers are helpful as far as they go, but they skip over a whole dimension of work: What it's really like.

So, over the past few weeks, we asked people over Twitter and Instagram to send us pictures of themselves at work, and to tell us: What's your job title? And what do you really do? What follows are some of the answers.

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All Tech Considered
10:03 am
Thu March 6, 2014

SXSW Tech Preview: Snooping, Wearables And More 3-D Printing

Hugh Forrest, pictured here in 2009, is the director of South by Southwest Interactive.
Scott Beale Flickr

South by Southwest Interactive is the technology-driven part of the annual Austin-based festival for digital, film and music and it starts on Friday. An expected 30,000 people will take part in the interactive and film week that precedes music, and they love it for the spontaneity and the chaos. They also hate it because of the chaos — parties on every corner, marketing handouts at every turn and a sprawling program of panels, screenings and speakers that span at least a dozen city blocks in the heart of Texas.

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The Two-Way
9:35 am
Thu March 6, 2014

U.S. Anchor For Russian TV Quits, Says Network 'Whitewashes' Crimea

A screenshot of RT anchor Liz Wahl during her final broadcast with the network.
RT/Daily Beast

Originally published on Thu March 6, 2014 4:11 pm

An American host for the Kremlin-backed Russia Today television has quit on air, announcing from the channel's Washington, D.C., anchor desk that she doesn't want to be "part of a network ... that whitewashes the actions of [Russian President Vladimir] Putin."

Liz Wahl announced her resignation on Wednesday, saying Moscow's intervention in Ukraine's Crimean Peninsula is wrong and that she feels "very lucky to have grown up in the United States."

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Business
4:47 am
Thu March 6, 2014

2 San Francisco Bars Ban Google Glass

Originally published on Thu March 6, 2014 6:39 am

Transcript

DAVID GREENE, HOST:

And our last word in business is: bars ban glasses.

Patrons at two San Francisco watering holes will have to heed a new rule before they go bellying up to the bar, no Google Glass allowed. Their ban on Google's wearable computer is meant to preserve the privacy of other customers who may worry about sneaky recordings.

LINDA WERTHEIMER, HOST:

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Business
4:45 am
Thu March 6, 2014

Target's Technology Executive Resigns After Data Breach

Originally published on Thu March 6, 2014 6:39 am

Transcript

DAVID GREENE, HOST:

NPR's business news begins with a Target executive out.

(SOUNDBITE OF MUSIC)

GREENE: The highest ranking technology executive is at Target stepped down yesterday. Beth Jacob was the retailer's chief information officer and executive vice president of technology. Her resignation follows that massive data breach that affected about 70 million customers late last year. And it comes just one week after Target reported a deep slump in profits since that hack.

Around the Nation
3:12 am
Thu March 6, 2014

Law Aims To Keep Chicago From Becoming Petcoke Dumping Ground

Originally published on Thu March 6, 2014 6:39 am

Transcript

LINDA WERTHEIMER, HOST:

Refineries looking for a place to store an ashy petroleum byproduct called pet coke can cross Chicago off their list. A new, tough city ordinance bans new storage facilities and prevents existing ones from expanding.

NPR's Cheryl Corley reports.

CHERYL CORLEY, BYLINE: Before pet coke is shipped overseas where it's burned as fuel, huge piles of it are often stored in open air facilities. Residents in Detroit complained so much about swirling pet coke dust, it ordered a company to move the piles out.

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Law
3:08 am
Thu March 6, 2014

U.S. Judge Sides With Chevron In Amazon Pollution Case

Originally published on Thu March 6, 2014 6:39 am

Transcript

LINDA WERTHEIMER, HOST:

It's MORNING EDITION, from NPR News. I'm Linda Wertheimer.

DAVID GREENE, HOST:

And I'm David Greene. Good morning.

The oil company Chevron has been blamed for polluting a swath of rainforest in Ecuador. A judge in Ecuador ruled against the company, saying Chevron owed $9.5 billion to indigenous farmers and others who sued the company.

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Politics
3:01 am
Thu March 6, 2014

New England Governors Back Obama's Minimum Wage Hike Plan

Originally published on Thu March 6, 2014 6:39 am

Transcript

DAVID GREENE, HOST:

President Obama is hoping lawmakers will raise the federal minimum wage to $10.10 an hour. Many Republicans call that a potential job killer, and they're blocking the president's efforts in Congress. So as NPR's Tamara Keith reports, the president took his pitch to a place with a more receptive audience.

PRESIDENT BARACK OBAMA: It is good to be back in Connecticut.

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All Tech Considered
1:04 am
Thu March 6, 2014

Anti-Muslim Video Still Stirring Controversy In The Courtroom

Actress Cindy Lee Garcia (right) brought a copyright claim against Google with the help of attorney Cris Armenta over the film Innocence of Muslims, which was posted to YouTube in 2012.
Jason Redmond AP

Originally published on Thu March 6, 2014 9:43 pm

Google intends to fight a court order to remove a controversial anti-Muslim video from YouTube in the U.S.

The company plans to file for a hearing before a full nine-judge panel of the U.S. Ninth Circuit Court of Appeals after two of three judges on a smaller panel forced the company to take down the film, Innocence of Muslims, which caused uproar in the Islamic world in 2012.

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Shots - Health News
1:03 am
Thu March 6, 2014

Selling Health Care To California's Latinos Got Lost In Translation

Covered California

Originally published on Fri March 7, 2014 5:59 am

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Around the Nation
1:01 am
Thu March 6, 2014

Growing An Urban Neighborhood, One Store At A Time

Communications store owner Donny Seto (right) says other business owners shouldn't be so hesitant to set up in the Congress Heights neighborhood of Washington, D.C.
Leah Binkovitz NPR

Originally published on Thu March 6, 2014 9:30 am

Across the country, communities stranded in food and retail deserts are asking how they can enjoy the bounty afforded to other urban centers. One Washington, D.C., community thinks it might have an answer.

Just a 10-minute drive south of the U.S. Capitol, across the Anacostia River, sits Congress Heights. The Southeast D.C. neighborhood is less than 2 miles long and home to more than 8,000 people, many in single-family houses. But if you're looking for a sit-down meal, options are scarce.

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