Business

Around the Nation
1:07 am
Mon May 20, 2013

Advocates Struggle To Reach Growing Ranks Of Suburban Poor

TD Bank volunteers sort donated food into barrels at the Manna Food Center in Gaithersburg in Montgomery County, Md. Poverty in the county just outside Washington, D.C., has grown by two-thirds since 2007.
Gabriella Demczuk NPR

Originally published on Mon May 20, 2013 12:30 pm

Poverty has grown everywhere in the U.S. in recent years, but mostly in the suburbs. During the 2000s, it grew twice as fast in suburban areas as in cities, with more than 16 million poor people now living in the nation's suburbs — more than in urban or rural areas.

Elizabeth Kneebone, a fellow with the Metropolitan Policy Program at the Brookings Institution, says this shift in poverty can be seen in Montgomery County, Md., right outside the nation's capital.

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Around the Nation
1:01 am
Mon May 20, 2013

Seeing The (Northern) Light: A Temporary Arctic Retirement

The Botnen-Chen family moved from Boston to live for a year on Rødøy, a Norwegian island north of the Arctic Circle.
Courtesy of Winston Chen

Originally published on Sat May 25, 2013 9:10 pm

By all the laws of anything, Winston Chen should not have quit his well-paying, midcareer job at a software company at age 40. But one day he was watching a TED Talk, one of those popular online video presentations, delivered by a New York designer.

"He presented this absolutely irresistible idea," Chen says. "He said, 'Why don't we take five years out of retirement and spread them throughout your working life?' "

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The Two-Way
11:34 am
Sun May 19, 2013

WSJ: Yahoo! Board Approves $1.1 Billion Purchase Of Tumblr

Yahoo President and CEO Marissa Mayer.
Brad Barket Getty Images

Originally published on Sun May 19, 2013 1:39 pm

The Wall Street Journal has this breaking news from the tech world:

"The Yahoo board has approved a deal to pay $1.1 billion in cash for the blogging site Tumblr."

The Journal, the only outlet reporting the approval, is sourcing its story to "people familiar with the matter." Lauren Armstrong, a Yahoo spokeswoman, told us in an email that they "don't comment on rumors or speculation."

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Business
3:41 am
Sun May 19, 2013

The Durability Of Levis, Woven Into America's Fabric

Originally published on Sun May 19, 2013 12:11 pm

Transcript

RACHEL MARTIN, HOST:

One hundred and forty years ago this month, a German immigrant named Levi Strauss patented the first pair of jeans ever made. During the California gold rush, Strauss traveled across the country to set up a West Coast branch of his family's dry goods business. That business changed forever when Strauss got a letter from a tailor named Jacob Davis.

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Business
10:51 pm
Sat May 18, 2013

Tesla Rides High, But Faces Formidable Foe: Car Dealers

The Tesla Model S, Motor Trend Car of the Year, is introduced at the 2013 North American International Auto Show, in Detroit in January. Tesla's attempts to sell its cars without going through dealerships is meeting resistance.
Stan Honda AFP/Getty Images

Tesla Motors, the American maker of luxury electric cars, has been riding a wave of good publicity.

Its Model S sedan (base priced at $62,400, after federal tax credits) was just named Motor Trend Car of the Year. Reviewers at Consumer Reports gave the lithium-ion battery powered vehicle a rave.

And the company, headed by billionaire innovator Elon Musk, 41, posted a profit for the first time in its 10-year history — powered in part by zero-emission environmental credits.

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Business
2:41 pm
Sat May 18, 2013

Internships: Low-Paid, Unpaid Or Just Plain Illegal?

Students fill out applications during a job fair at the University of Illinois Springfield in February. Fed up with working for free, some interns are suing their employers.
Seth Perlman AP

Originally published on Sat May 18, 2013 5:47 pm

Summer is almost here, and with it comes the army of interns marching into countless American workplaces. Yet what was once an opportunity for the inexperienced is becoming a front-line labor issue.

More and more, unpaid and low-paid interns are feeling their labor is being exploited. Some are even willing to push back — with lawsuits.

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Parallels
3:13 am
Sat May 18, 2013

Afghan Mineral Treasures Stay Buried, Hostages To Uncertainty

An Afghan worker helps excavate part of the mountaintop copper works above the ancient city at Mes Aynak in February. Afghanistan is believed to be sitting on massive mineral and metal deposits. But many obstacles have prevented large-scale mining from getting underway.
Matthew C. Rains MCT/Landov

Originally published on Sat May 18, 2013 5:23 am

For years, reports have suggested that Afghanistan is sitting on massive deposits of copper, gold, iron and rare earth minerals valued up to $3 trillion. This provides hope for a future economy that would not have to rely so heavily on foreign donations.

But with an uncertain political, regulatory and security environment, international investors are hesitant. And it could be many years before Afghanistan begins extracting its mineral wealth.

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The Salt
10:53 am
Fri May 17, 2013

Flax Seed: The Next Superfood For Cows And Beef?

NBO3 launched its enriched ground beef at the Tops grocery chain in New York in March.
Courtesy of NBO3

Originally published on Fri May 17, 2013 11:41 am

Flax is the oily seed usually spotted in the nutritional supplement or cereal aisles. It's marketed as a superfood because of its high levels of omega-3 fatty acids and fiber.

Omega-3s may do all kinds of good things for humans — like protect against Alzheimer's, heart disease and even cancer — so it seems reasonable to think they could also protect the health of animals.

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Business
9:31 am
Fri May 17, 2013

How Best To Encourage Black 'Teenpreneurs'

Originally published on Fri May 17, 2013 10:51 am

Transcript

CELESTE HEADLEE, HOST:

This is TELL ME MORE, from NPR News. Michel Martin is away. I'm Celeste Headlee. Coming up, it's National Bike to Work Day, but many millennials prefer two wheels to four. Why more 20-somethings are driving less. That's just ahead.

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Around the Nation
9:31 am
Fri May 17, 2013

Millennials Choosing Buses And Bikes Over Buicks

Originally published on Fri May 17, 2013 10:51 am

Transcript

CELESTE HEADLEE, HOST:

From teens with drive, we turn now to young people who have no interest in driving. This is National Bike to Work Day, and a substantial number of millennials choose bikes or public transportation or their feet to get around instead of cars. That's according to the U.S. Public Interest Research Group, or PIRG, which concluded that the 20th century driving boom is over.

Paul Eisenstein has written about this trend. He's the editor of TheDetroitBureau.com, and he joins me now. Welcome.

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TED Radio Hour
7:59 am
Fri May 17, 2013

Giving It Away

"If you have something to give, give it now." – Mark Bezos
TED

Originally published on Mon December 16, 2013 3:23 pm

You can give away almost anything — your time, money, food, your ideas. In this hour, stories from TED speakers who are "giving it away" in new and surprising ways, and the things that happen in return.

Copyright 2013 NPR. To see more, visit http://www.npr.org/.

TED Radio Hour
7:55 am
Fri May 17, 2013

Do We Have The Wrong Idea About Charity?

Dan Pallotta at the TED conference in 2013.
James Duncan Davidson TED

Originally published on Mon December 16, 2013 3:30 pm

Part 3 of the TED Radio Hour episode Giving It Away.

About Dan Pallotta's TEDTalk

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The Two-Way
6:57 am
Fri May 17, 2013

Book News: Amazon May Be Called Before Parliament Over Taxes

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Amazon's U.K. unit racked up sales of $6.5 billion last year, but only paid $3.7 million in corporate taxes.
David McNew Getty Images

Originally published on Fri May 17, 2013 7:39 am

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

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Business
3:25 am
Fri May 17, 2013

Obama Names OMB Controller As Acting IRS Commissioner

On Thursday, President Obama named Daniel Werfel, 42, acting IRS commissioner. The announcement comes a day after the resignation of Steven Miller, who got caught up in the controversy over the IRS targeting Tea Party groups.

Business
3:14 am
Fri May 17, 2013

Business News

Originally published on Fri May 17, 2013 4:43 am

A 79 percent drop in earnings — That's what the computer maker reported to investors Thursday. The reason, analysts say, it's harder to sell PCs these days with the growing popularity of smartphones and tablets

Business
3:14 am
Fri May 17, 2013

Google Lays Out Its Future For Everyone

Originally published on Fri May 17, 2013 4:15 am

Transcript

STEVE INSKEEP, HOST:

It's MORNING EDITION, from NPR News. I'm Steve Inskeep. This week in San Francisco, Google held its annual developers conference. The Internet search giant debuted updates for just about everything from Google+ to Maps, and gave talks on gadgets like Google Glass. And, as NPR's Steve Henn reports, Google laid out its vision for its future, as well as our future.

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Business
3:14 am
Fri May 17, 2013

The Last Word In Business

Originally published on Fri May 17, 2013 1:46 pm

Transcript

STEVE INSKEEP, HOST:

And let's go from small claims to false claims. Our last word in business is all about faking it and not making it to work.

(SOUNDBITE OF TV SHOW, "SEINFELD")

JASON ALEXANDER: (as George) Shouldn't you be at work by now?

WAYNE KNIGHT: (as Newman) Work? It's raining.

ALEXANDER: (as George) So?

KNIGHT: (as Newman) So I called in sick. I don't work in the rain.

ALEXANDER: (as George) You don't work in the rain? You're a mailman. Neither rain nor sleet nor - it's the first one.

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Around the Nation
3:14 am
Fri May 17, 2013

First U.S. Company To Enter Export Market For Natural Gas

With supplies high and prices at historic lows, there's debate whether companies should be allowed to export the gas overseas for a higher price. Many energy companies have applied for government approval to ship liquefied natural gas worldwide. So far, only one company has gotten a license to do that in the past 30 years..

Planet Money
1:04 am
Fri May 17, 2013

Why Is There An Ammunition Shortage In The U.S.?

"We're going to keep prices as fair as we possibly can," says Bob Viden of Bob's Little Sport Shop in southern New Jersey.
Marianne McCune NPR

Originally published on Fri May 17, 2013 8:04 pm

Sales of guns and ammunition rose after President Obama took office in 2008, and they went through the roof starting late last year, when a school shooting led to a push for new gun control measures. That's led to a prolonged ammunition shortage, even with manufacturers running at full capacity.

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The Salt
3:47 pm
Thu May 16, 2013

Congress: Where Food Reforms Go To Die?

Jewel Samad AFP/Getty Images

Originally published on Thu May 16, 2013 4:17 pm

Two seemingly common-sense, bipartisan food reforms have gotten mugged on Capitol Hill in recent days. If you're a loyal reader of The Salt, you've heard of them.

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The Salt
3:17 pm
Thu May 16, 2013

No More Smuggling: Many Cured Italian Meats Coming To America

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Even Sophia Loren felt compelled to smuggle mortadella, despite a U.S. ban — well, her character did, anyway, in the 1971 film Lady Liberty.
Warner Bros/The Kobal Collection

Originally published on Fri May 17, 2013 9:36 am

American gourmets and lovers of Italian food products, your days as food smugglers are over.

No more stuffing your suitcases with delicacies bought in Italy, hoping the sniffer dogs at JFK or other American airports won't detect the banned-in-the-USA foodstuffs inside your luggage.

In the U.S., they're called cured meats, the French say charcuterie and in Italy, the word for cured-pork products is salumi.

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Business
2:29 pm
Thu May 16, 2013

A 'Wake-Up Call' To Protect Vulnerable Workers From Abuse

For decades, Hill County Farms, also known as Henry's Turkey Service, housed a group of mentally disabled men in squalor in this former schoolhouse in Atalissa, Iowa. The EEOC won a judgment against the company for exploiting the men.
John Schultz/Quad-City Times ZUMAPRESS.com

Originally published on Fri May 17, 2013 11:35 am

Four years ago, 21 men with intellectual disabilities were emancipated from a bright blue, century-old schoolhouse in Atalissa, Iowa. They ranged in age from their 40s to their 60s, and for most of their adult lives they had worked for next to nothing and lived in dangerously unsanitary conditions.

Earlier this month, the Equal Employment Opportunity Commission won a massive judgment against the turkey-processing company at which the men worked. The civil suit involved severe physical and emotional abuse of men with intellectual disabilities.

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Parallels
2:25 pm
Thu May 16, 2013

Underground Tunnels Feed Gaza's Hankering For KFC

KFC is delivered in one of the many underground smuggling tunnels connecting Egypt to the Gaza Strip city of Rafah.
Wissam Nassar Xinhua /Landov

Originally published on Sun May 19, 2013 8:38 am

Hundreds of underground passageways wind like a maze beneath the Egypt-Gaza border, providing a way for Gazans to maneuver around the 2007 Israeli-led economic blockade that took effect after Hamas took control of the Gaza Strip.

And while subterranean tunnels may seem like something out of a thrilling spy movie, the reality and practicality of these channels is somehow not surprising.

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The Two-Way
1:49 pm
Thu May 16, 2013

U.S. Airlines Forecast A Sunnier Summer

More passengers are expected to fly on U.S. airlines this summer, an industry group said Thursday.
David McNew Getty Images

Originally published on Thu May 16, 2013 2:53 pm

After a long bumpy ride that started five years ago, the domestic airline industry seems to be pulling up and smoothing out.

The number of passengers planning to fly this summer will tick up 1 percent from 2012, climbing back to the highest level since 2008, an industry group said Thursday.

The airlines' profit outlook is also brighter, as jet fuel prices have settled down a bit. Passenger complaints are quieting down, too.

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All Tech Considered
12:45 pm
Thu May 16, 2013

Google's Privacy Shift Powers New Customized Maps

The new Google Maps features tailor-made results based on users' habits and search histories.
Google

Originally published on Fri May 17, 2013 9:15 am

This week, Google, already a leader in mapping, created more space between itself and its competitors by more deeply mining the data users provide the company when using its various services.

At the Google developers' conference in San Francisco on Wednesday, Daniel Graf, director of Google Maps, crowed about the company's mapping app for the iPhone — and couldn't quite stop himself from taking a dig at Apple.

"People called it sleek, simple, beautiful, and let's not forget, accurate," he said.

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Your Money
12:04 pm
Thu May 16, 2013

The Tricky Business Of Retirement: Hidden 401(K) Fees

iStockPhoto.com

A couple generations ago, when older Americans retired they could rely on pension plans to support them. Then, in the late 1970s and early 1980s, many companies switched their retirement plans over to 401(k) accounts. The security of workers' retirement savings suddenly became subject to the vagaries of the stock market.

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Economy
11:59 am
Thu May 16, 2013

Will Strong Summer Travel Be A Turning Point For Airlines?

Originally published on Thu May 16, 2013 2:56 pm

Transcript

NEAL CONAN, HOST:

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U.S.
11:59 am
Thu May 16, 2013

Managing The $30 Million 'One Fund' To Aid Boston Victims

Transcript

NEAL CONAN, HOST:

This is TALK OF THE NATION. I'm Neal Conan in Washington. Thirty million dollars is a lot of money, but how do you divide it among the families of the three people killed, the dozens maimed, the hundreds who spent time in the hospital, the thousands who witnessed the blasts at the finish line of the Boston Marathon last month?

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The Salt
11:15 am
Thu May 16, 2013

How Trace Amounts Of Arsenic End Up In Grocery Store Meat

Roxarsone, a drug linked to elevated levels of inorganic arsenic in chicken meat, is no longer used in broiler chicken farming, producers say. But another arsenic-based drug is still used to raise turkeys.
iStockphoto

Originally published on Fri May 17, 2013 9:18 am

A study published online recently in the journal Environmental Health Perspectives documented slightly elevated levels of arsenic in samples of chicken purchased at grocery stores in 10 cities in the U.S.

So how did trace amounts of this toxin end up in supermarket poultry?

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The Two-Way
8:27 am
Thu May 16, 2013

Berkshire Hathaway's Credit Rating Knocked Down A Notch

Warren Buffett.
Donald Bowers Getty Images for Fortune

Originally published on Thu May 16, 2013 8:53 am

Billionaire investment legend Warren Buffett's Berkshire Hathaway Inc. has had its credit rating lowered from AA+ to AA by Standard & Poor's Ratings Services.

In a statement, S&P says that even though Berkshire Hathaway has an "excellent business profile," the lower credit rating "better reflects our view of BRK's dependence on its core insurance operations for most of its dividend income." (S&P's statement is posted on its website, but you have to register to view it.)

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