Business

The Salt
11:01 am
Wed June 19, 2013

Women And Children Caught In Middle Of Potato War

Fresh white spuds aren't allowed in a government supplemental nutrition program for women and children because, unlike other fruits and vegetables, potatoes aren't lacking in the typical diet.
Paul J. Richards AFP/Getty Images

We didn't plan it, but somehow, it has turned into Potato Week here at The Salt. The latest twist in the tater tales takes us to Capitol Hill.

Americans love to pile on the potatoes – we consumed a whopping 112 pounds per capita last year. But lately, the potato industry has been playing the part of jilted lover and taking its heartache to Congress.

According to the National Potato Council, the U.S. Department of Agriculture "discriminates" against fresh, white potatoes.

Huh?

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Around the Nation
10:02 am
Wed June 19, 2013

'Teenpreneur' Makes Money Off Great-Grandma's Hair Recipe

Transcript

CELESTE HEADLEE, HOST:

Next we're going to talk to a young entrepreneur who's all about hair. Leanna Archer was just nine years old when she launched her own line of natural hair care products. Her great-grandmother in Haiti had a special recipe for hair pomade and Archer used that recipe to begin a line of oils, hairdressings, and conditioners.

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Planet Money
8:58 am
Wed June 19, 2013

How A Used Bottle Becomes A New Bottle, In 6 GIFS

Lam Thuy Vo NPR

Originally published on Thu September 26, 2013 6:39 pm

For more, watch our video: Secrets From The Recycling Plant

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Race
3:30 am
Wed June 19, 2013

Survey: African Americans Fearful Of U.S. Economy

Originally published on Wed June 19, 2013 7:40 am

Transcript

STEVE INSKEEP, HOST:

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

DAVID GREENE, HOST:

And I'm David Greene.

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Around the Nation
3:27 am
Wed June 19, 2013

Bay Area Residents Forced To Wait For Bridge Repairs

Originally published on Wed June 19, 2013 7:40 am

Transcript

STEVE INSKEEP, HOST:

Let's go next to California, where the largest public works project in the history of that state is running over budget, over time, and has lost the public's confidence. The new eastern span of the San Francisco-Oakland Bay Bridge, with a price tag of $6.4 billion, was scheduled to open on Labor Day. There's still time, but that deadline is in doubt, as questions are raised about safety.

NPR's Richard Gonzales reports.

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Business
3:14 am
Wed June 19, 2013

Disney World Raises Entrance Price For Magic Kingdom

Originally published on Wed June 19, 2013 7:40 am

Transcript

DAVID GREENE, HOST:

Some of the magic at Disney was always that you could pick a theme park - any theme park - and the price for a day pass would be the same. Well, no more. This month for the first time, Disney began charging more for a day in Magic Kingdom in Orlando than for its other parks.

Matthew Peddie, from member station WMFE, explains why.

MATTHEW PEDDIE, BYLINE: A one-day pass to the Magic Kingdom now costs $95 - compared to $90 for entrance to its other parks: Epcot, Animal Kingdom or Hollywood Studios.

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Business
3:14 am
Wed June 19, 2013

Business News

Originally published on Thu June 20, 2013 5:31 am

Transcript

DAVID GREENE, HOST:

We'll kick off NPR's business news with Chrysler making a U-Turn.

The Detroit automaker is now recalling more than a million and a half Jeeps, after earlier refusing to carry out that move.

In early June, the government told Chrysler to recall almost three million Jeeps made in the 1990s and 2000, saying fuel tanks in the vehicles could explode in rear end collisions.

Commentary
3:14 am
Wed June 19, 2013

TV, Movie Streaming Services Want To Grow With Kids

Originally published on Wed June 19, 2013 7:40 am

Transcript

STEVE INSKEEP, HOST:

Netflix offers children's programs which can be screened on computers or TVs. And it says streaming of those programs goes up over the summer, about 30 percent. It's not hard to figure out why - school's out. Screens are on. This month we're focusing on media for kids, and our media critic Eric Deggans says that Netflix - as well as its rival, Prime Instant Video from Amazon - are both trying to capture a big and growing market.

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Parallels
1:20 am
Wed June 19, 2013

Fashion's Victims: An Artist's Focus On Garment Workers

A woman tries on a jacket at a Zara store in Madrid. Zara's parent company, Inditex, was among Spanish companies to sign fire and building safety agreements for their factories in Bangladesh following a deadly factory collapse in April, though Inditex was not directly involved in that incident.
Susana Vera Reuters/Landov

Originally published on Wed June 19, 2013 12:35 pm

On Madrid's posh Gran Vía, thousands of shoppers and tourists visit the flagship stores of some of the biggest names in European fast fashion — Zara, Mango and H&M.

Suddenly, the hordes of bargain-hunters stop dead in their tracks.

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The Two-Way
4:13 pm
Tue June 18, 2013

'We Were Told To Lie,' Say Bank Of America Employees

Employees say Bank of America encouraged them to lie and falsify records to push more accounts into foreclosure.
Chuck Burton AP

Six former employees and one contractor say Bank of America's mortgage servicing unit consistently lied to homeowners, fraudulently denied loan modifications and offered bonuses to staff for intentionally pushing people into foreclosure, according to a Salon.com report.

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The Two-Way
3:34 pm
Tue June 18, 2013

Perk Backlash: Do Surprise Upgrades Make Us Uneasy?

A new study finds that while "receiving unearned preferential treatment does generate positive reactions, it is not always an entirely pleasurable experience." Examples include getting a free upgrade on a hotel room.
iStockphoto.com

Whether it's a free upgrade on a hotel room or skipping ahead in the check-in line, many businesses give preferential treatment to some customers, hoping to make them more loyal. The practice often works — but a new study suggests that when we get perks we didn't earn, negative feelings can result. And they can make a surprise deal a little less sweet.

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The Salt
2:06 pm
Tue June 18, 2013

The Mystery Of the Ridiculously Pricey Bag Of Potatoes

How much for that bag of potatoes?
iStockphoto.com

Originally published on Tue June 18, 2013 3:39 pm

On Monday we told you about allegations that America's potato growers had banded together in a price-fixing Potato Cartel.

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All Tech Considered
1:52 pm
Tue June 18, 2013

Mexico's Tech Startups Look To Overcome Barriers To Growth

Enrique Lima is a co-founder of Publish 88, a Mexican startup that develops software for publishing companies.
Mónica Ortiz Uribe for NPR

Originally published on Tue June 18, 2013 4:18 pm

In the past decade, Mexico's tech industry has flourished, growing three times faster than the global average. Most of that growth has been fueled by demand from the United States. But as Mexico's startups strive to make it in foreign markets, they say they need more engineers and ways to finance their growth.

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Money Coach
10:04 am
Tue June 18, 2013

Fixing Credit Report Errors: More Hassle That It's Worth?

Transcript

MICHEL MARTIN, HOST:

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Business
4:04 am
Tue June 18, 2013

The Last Word In Business

Originally published on Tue June 18, 2013 11:52 am

Transcript

STEVE INSKEEP, HOST:

And today's last word in business is home detention.

The story comes to us from New Zealand, where authorities have been locking up some criminals in their homes rather than jail. House arrest is a lot cheaper, but it turns out that serving time at home is not as comfortable as you might think.

DAVID GREENE, HOST:

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NPR Story
3:35 am
Tue June 18, 2013

European Aviation Firms Spotlighted At Paris Air Show

Originally published on Tue June 18, 2013 11:52 am

Transcript

DAVID GREENE, HOST:

The Paris Air Show is celebrating its golden anniversary this year. Even after 50 years, it remains the leading showcase for the global aerospace industry.

But as NPR's Eleanor Beardsley reports, with U.S. Defense cuts, this year it's the Europeans who are taking the spotlight.

UNIDENTIFIED MAN #1: Welcome to the Paris Air Show...

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NPR Story
3:27 am
Tue June 18, 2013

Business News

Originally published on Tue June 18, 2013 11:52 am

Transcript

DAVID GREENE, HOST:

NPR's business news begins with Ben Bernanke's future.

(SOUNDBITE OF MUSIC)

GREENE: OK, President Obama has given the clearest hint yet, that Ben Bernanke's time as chairman of the Federal Reserve may soon be up. In an interview that aired last night on PBS's "Charlie Rose" program, the president said this...

(SOUNDBITE OF "CHARLIE ROSE" SHOW)

PRESIDENT BARACK OBAMA: I think Ben Bernanke's done an outstanding job. Ben Bernanke's a little bit like Bob Mueller, the head of the FBI...

CHARLIE ROSE, HOST:

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NPR Story
3:27 am
Tue June 18, 2013

Feds Raid 7-Eleven Stores In Immigration Scam

Originally published on Tue June 18, 2013 11:52 am

Transcript

STEVE INSKEEP, HOST:

Some other news. Authorities in New York have announced the arrest of eight men and one woman who operate several 7-Eleven convenience stores in New York and in Virginia. They're accused of staffing their stores with undocumented workers and then stealing those workers' wages.

From member station WNYC, Ilya Marritz has details.

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Around the Nation
1:05 am
Tue June 18, 2013

Why Buy A House When You Can Buy A Mountain?

Jeff Rosenthal, co-founder of Summit, in front of Powzilla, an open-top Suburban turned rock crawler.
Elise Hu NPR

Originally published on Tue June 18, 2013 11:55 am

It's not your everyday real estate deal. A team of young entrepreneurs persuaded about 50 deep-pocketed investors to help them purchase a mountain. The deal just closed in April, and development on Utah's nearly 10,000-acre Powder Mountain is now underway.

"When we made those first phone calls, everybody's like, what? That being said, they know that we aren't kidding," says Jeff Rosenthal, co-founder of Summit, the group that led the purchase of the peak.

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The Salt
4:24 pm
Mon June 17, 2013

Dirty Spuds? Alleged Potato Cartel Accused Of Price Fixing

Clearly, he's as surprised by the allegations as the rest of us.
iStockphoto.com

Originally published on Tue June 18, 2013 2:09 pm

Editor's Note: Many of you noted that the price for a 10-pound bag of potatoes cited in the lawsuit seems ridiculously high. So we look into the matter further — you can read what we found in this follow-up post.

High-tech spying with satellites. Intimidation. Price fixing.

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Law
3:03 pm
Mon June 17, 2013

High Court Sides With Regulators In Drug Patent Case

Originally published on Mon June 17, 2013 3:45 pm

The Supreme Court sided with government regulators in an important case involving the pharmaceutical industry and patent law. At issue were contracts between "brand-name" pharmaceutical companies and "generic" producers in which the brand-name company paid the generic not to compete. The court said the Federal Trade Commission could challenge such contracts.

Technology
3:03 pm
Mon June 17, 2013

Google's 'Internet Balloons' Could Expand Online Access

Originally published on Mon June 17, 2013 3:45 pm

Google's "Project Loon" just launched in New Zealand — it uses balloons floating in the stratosphere to bring high-speed Internet access to remote areas.

The Two-Way
1:59 pm
Mon June 17, 2013

FTC Can Sue Firms In 'Pay For Delay' Drug Deals, Court Rules

The Supreme Court has ruled that the FTC can challenge arrangements between makers of generic drugs and makers of brand-name products such as AndroGel, seen here on a computer monitor screen.
Reed Saxon AP

When the maker of a brand-name drug pays a maker of generic drugs to not produce a lower-priced version of their product, the Federal Trade Commission can challenge the arrangement on antitrust grounds, the Supreme Court ruled Monday. The ruling may end the era of what regulators call "pay-for-delay" deals.

The justices voted 5-3 to allow a case to go forward in which the FTC is challenging one of many such deals. Several companies are involved in the case, including Solvay Pharmaceuticals, maker of AndroGel, and generic-drug maker Actavis.

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Code Switch
12:32 pm
Mon June 17, 2013

For People Of Color, A Housing Market Partially Hidden From View

Barriers to housing are a major reason for the disparity in household wealth between people of color and whites.
AP

Originally published on Mon June 17, 2013 4:53 pm

We've written before about the wealth gap between whites and people of color — a divide that's only grown wider over the past half decade. And since so much of Americans' household wealth is wrapped up in homes, a significant amount of that wealth gap has been chalked up to an array of barriers to homeownership for people of color.

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The Salt
11:27 am
Mon June 17, 2013

Italian University Spreads The 'Gelato Gospel'

Thousands of students from around the world flock to courses near Bologna, in central Italy, at the headquarters of Carpigiani, the leading global manufacturer of gelato-making machines.
Giuseppe Cacace AFP/Getty Images

Originally published on Tue June 18, 2013 2:12 pm

Italy has secured its place in the global diet with the likes of espresso, cappuccino, pasta and pizza.

The latest addition to the culinary lexicon is ... gelato, the Italian version of ice cream.

And despite tough economic times, gelato-making is a booming business.

At Anzola dell'Emilia, a short drive from the Italian city of Bologna, people from all over the world are lining up for courses in gelato-making.

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Business
8:31 am
Mon June 17, 2013

Economists To G-8: Want Growth? Try This

A 2013 Accord is ready to come off the line at the Honda automobile plant in Marysville, Ohio, in 2012. Accords built at the 4,400-employee plant are shipped to South Korea — an example of the importance of trade to manufacturing jobs.
Paul Vernon Reuters/Landov

Originally published on Mon June 17, 2013 10:13 am

If economists were cheerleaders, their favorite shout-out might be: "What do we want? Growth! When do we want it? Now!"

They won't actually shout those words, but they may be thinking them as global leaders meet this week for a G-8 summit. Economists are hoping that at the gathering in Northern Ireland, leaders of eight major economies will discuss expanding global trade and investment to spur job creation.

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Business
3:26 am
Mon June 17, 2013

The Last Word In Business

Originally published on Mon June 17, 2013 11:13 am

Boring TV is such a hit in the Scandinavian nation of Norway that broadcasters are scrambling to produce even more shows to satisfy the appetites of viewers. One idea being considered is a live show with knitting experts, according to The Wall Street Journal.

Economy
3:26 am
Mon June 17, 2013

Long-Term Interest Rates Start Moving Higher

Originally published on Mon June 17, 2013 11:13 am

Transcript

DAVID GREENE, HOST:

OK, Scott just made clear economic issues have some competition for top billing at the G 8 Summit in Northern Ireland. We do, though, want to drill down into one economic question this morning, and that's why interest rates here at home are going up. The bond market has pushed them to the highest levels in 15 months, and that includes mortgage rates.

Let's turn, as we often do, to David Wessel. He's economics editor of The Wall Street Journal. David, good morning.

DAVID WESSEL: Good morning.

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Health Care
3:26 am
Mon June 17, 2013

Smartphones Help Bridge Gaps In Electronic Medical Records

Originally published on Mon June 17, 2013 11:13 am

Transcript

DAVID GREENE, HOST:

Let's look now at another change in health care, and this one has to do with paperwork. Hospitals and clinics are slowly replacing paper files with sophisticated electronic health records. But with a variety of systems in use, they often can't easily share medical information with each other, and this can be a pretty serious problem in the case of an emergency.

As Elizabeth Stawicki reports, smartphones might be one way to bridge this electronic gap.

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Business
3:26 am
Mon June 17, 2013

Lowe's Looks To Acquire Hardware Stores

Originally published on Tue June 18, 2013 6:52 am

Transcript

DAVID GREENE, HOST:

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

(SOUNDBITE OF MUSIC)

GREENE: The home-improvement retailer Lowe's has reportedly agreed to buy Orchard Supply Hardware Stores. The sale price is expected to top $200 million. Now, Orchard is a California-based hardware and garden chain. It was once owned by Sears, and it's now about $230 million in debt.

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