Business

Business
2:34 am
Fri June 21, 2013

Instagram Expands With Video Feature

Originally published on Fri June 21, 2013 4:18 am

This move pits Facebook against Twitter, which owns the six-second video-sharing service, Vine. Adding video brings significant change to the Instagram experience.

Planet Money
2:34 am
Fri June 21, 2013

How Brush Factories Survive In America

Fourth-generation owner of Braun Brush, Lance Cheney, stands next to a special-order brush his company made for the artist Richard Artschwager.
Marianne McCune NPR

Originally published on Tue June 25, 2013 1:46 pm

Brushes are pretty simple: a bunch of flexible fibers sticking out of something stiff. Not surprisingly, Chinese manufacturers have grabbed a big share of the U.S. brush market. But several hundred small U.S. brush factories are still hanging on. Here are three strategies they're using to survive.

1. Compete On Quality

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Business
2:34 am
Fri June 21, 2013

Business News

Originally published on Fri June 21, 2013 5:01 am

Libor is the London interbank offered rate. It's important because it establishes the rate that banks pay to borrow from one another.

Business
2:34 am
Fri June 21, 2013

The Last Word In Business

Originally published on Fri June 21, 2013 6:46 am

Gandolfini, who died this week while vacationing in Italy, became famous for his role in The Sopranos. Tony Soprano, the mob boss, described his job as "waste management consultant." Call it what you want, but on the job, Tony Soprano had plenty of business insights.

Shots - Health News
1:04 am
Fri June 21, 2013

With Health Exchanges Poised To Open, PR Push Draws Scrutiny

In San Jose, Calif., on June 6, President Obama encouraged people to sign up for insurance in the nation's largest health insurance market.
Stephen Lam Getty Images

Originally published on Fri June 21, 2013 7:07 pm

This weekend marks 100 days until people can begin signing up for new health insurance coverage under the federal health care law. It also marks another milestone: the launch of an enormous public relations effort to find people eligible for new coverage and urge them to sign up when the time comes.

But like everything else about the health law, even this seemingly innocuous effort has been touched by controversy.

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The Two-Way
3:25 pm
Thu June 20, 2013

Dow Loses 350 Points After Fed Hints It Will Stop Buying Bonds

Traders work the floor of the New York Stock Exchange after the opening bell on Thursday.
John Moore Getty Images

The Dow Jones industrial average closed down more than 353 points on Thursday in a selloff sparked by uncertainty about the end of a government monetary stimulus program and a credit crunch in China.

Wall Street followed a downturn in global markets. The Standard & Poor's 500-stock index lost 2.5 percent, while the Dow and Nasdaq composite indexes both lost 2.3 percent.

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Environment
12:35 pm
Thu June 20, 2013

The Business And Politics Of Air Quality Regulation

In a speech in Germany Wednesday, President Barack Obama said it's time to take "bold action" on climate change. Many believe that major changes to policies on carbon emissions lie ahead, which would mean a host of new regulations for businesses.

The Salt
11:04 am
Thu June 20, 2013

Why Slave Labor Still Plagues The Global Food System

Workers process shrimp at a factory in Thailand in 2009.
Chumsak Kanoknan Getty Images

Originally published on Fri June 21, 2013 8:01 am

When the State Department released its annual report on human trafficking Wednesday, we got a chilling reminder that even in 2013, slave labor is still embedded in the global food system.

As many as 27 million men, women and children are estimated to be trafficking victims at any given time, according to the report. And some of those victims, the State Department says, are later forced to work in agriculture and food processing (though no one has a good idea how many).

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The Two-Way
10:01 am
Thu June 20, 2013

He's An Impostor, The Navy Says About Cap'n Crunch

Say it ain't so, Cap'n.
Quaker Oats Company PepsiCo

Originally published on Thu June 20, 2013 10:53 am

We don't know how, but we missed a major scandal brewing in the Navy for decades. It's important, so even if we're a little late to the story we still wanted to point it out: Cap'n Crunch is an impostor.

The Cap'n was unmasked on June 14 by a food blogger, who noticed the uniform he wears on cereal boxes had the stripes of a commander, not a captain. That is: A captain has four stripes on his sleeve, while a commander has three.

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Music
9:48 am
Thu June 20, 2013

Free Music? Yes Please!

Originally published on Thu June 20, 2013 12:42 pm

Transcript

CELESTE HEADLEE, HOST:

Now we want to talk about the way people are getting new music across the globe. Earlier this week, hip-hop mogul Jay-Z announced he's teaming up with Samsung to release his next album "Magna Carta Holy Grail." Here he is advertising that release.

(SOUNDBITE OF JAY-Z COMMERCIAL)

JAY-Z: The idea is to really finish the album and drop it, giving it to the world at one time and then letting them share it when it goes out.

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The Two-Way
7:26 am
Thu June 20, 2013

Weekly Jobless Claims Rise Slightly

Originally published on Thu June 20, 2013 9:31 am

The number of first-time claims for unemployment insurance rose by 18,000 last week, the Employment and Training Administration says. At 354,000, the number remained at a level consistent with modest job growth.

According to the agency, the four-week moving average, a less volatile indicator, rose 2,500, to 348,250.

The AP reports:

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Code Switch
7:00 am
Thu June 20, 2013

For Black Americans, An Even Split In Financial Perceptions

If our survey is any indication, this cash-rich stock photo model probably feels pretty good about life.
Willie B.Thomas iStockphoto.com

Originally published on Thu June 20, 2013 9:07 am

NPR, the Robert Wood Johnson Foundation and the Harvard School of Public Health recently polled 1,081 African-Americans about their lives. One of the areas respondents were asked about was their perceptions of their financial status.

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The Two-Way
6:43 am
Thu June 20, 2013

Obama Working On Plan That Limits Power Plant Emissions

The smoke stacks at American Electric Power's Mountaineer coal power plant in New Haven, W.Va.
Saul Loeb AFP/Getty Images

Originally published on Thu June 20, 2013 9:29 am

President Obama will soon unveil a plan that will put limits on the carbon emissions of existing power plants, the administration's top energy adviser says.

The New York Times reports this is the most consequential part of a bigger plan to curb climate change. The newspaper adds:

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All Tech Considered
5:38 am
Thu June 20, 2013

Will Video Ruin Instagram's Appeal?

Instagram, the popular photo-sharing service, has announced a new video feature.
Ramsey Mohsen via Flickr/Creative Commons

Originally published on Thu June 20, 2013 12:31 pm

UPDATE on Thursday at 1:44 p.m. ET: Instagram For Video Arrives

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Business
2:34 am
Thu June 20, 2013

Business News

Originally published on Thu June 20, 2013 5:07 am

Transcript

RENEE MONTAGNE, HOST:

NPR's business news starts with mixed signals.

(SOUNDBITE OF MUSIC)

MONTAGNE: Output in the eurozone's service and manufacturing sectors is still falling. But this quarter, that output fell at its slowest rate in more than a year, according to a recent survey. Analysts say that could mean a return to growth could be on the horizon.

Business
2:34 am
Thu June 20, 2013

Founder Of Men's Wearhouse Fired By Company's Board

Originally published on Thu June 20, 2013 5:07 am

Transcript

STEVE INSKEEP, HOST:

And let's report on some changes in the American clothing world. George Zimmer, of Men's Wearhouse, might still like the way he looks, but we can guarantee he doesn't like this. The famous face - and gravelly voice - and founder of the company, is out. The company gave no reason for the abrupt firing. But Zimmer is speaking out, as NPR's David Schaper reports.

DAVID SCHAPER, BYLINE: His graying beard is instantly familiar. And he speaks with that signature deep, gravelly voice when delivering this famous tagline:

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Business
2:34 am
Thu June 20, 2013

The Last Word In Business

Originally published on Thu June 20, 2013 5:07 am

Transcript

STEVE INSKEEP, HOST:

It may cost you more and more to fuel it, but this is still your chance to buy a vintage boat. Today's last word in business is your own personal D- Day.

The U.S. Navy is auctioning off two vintage landing craft. They are available on GovLiquidation.com - which is a real website, we checked.

RENEE MONTAGNE, HOST:

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Economy
2:34 am
Thu June 20, 2013

Fed Warns Stimulus Package Will Be Ratcheted Down

Originally published on Thu June 20, 2013 5:07 am

Transcript

STEVE INSKEEP, HOST:

Those Chinese figures helped Asian markets to take a big tumble today, as did yesterday's comments by Federal Reserve Chairman Ben Bernanke. He said the Fed will likely begin slowing down its economic stimulus later this year. The Fed's massive bond buying program - which is a major part of that stimulus - is seen as a big reason behind recent rallies in the financial market.

NPR's John Ydstie has more.

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Planet Money
1:03 am
Thu June 20, 2013

A Surprising Barrier To Clean Water: Human Nature

Rodan Gatia gets water from a spring. A chlorine dispenser is behind her.
Jacob Goldstein NPR

Originally published on Mon June 24, 2013 8:38 am

In many parts of the developing world, drinking a glass of water can be deadly — especially for young children, who can die of diarrheal diseases contracted from dirty water.

So getting clean water to people in the developing world has been a top priority for aid groups for a long time. But it's been a surprisingly hard problem to solve.

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Business
1:02 am
Thu June 20, 2013

If Supplies Of Oil Are Up, Why Is Gas Still Pricey?

Jim White of Pennsylvania pumps gas at a BP station in Ocala, Fla., in April. The price of gasoline remains stubbornly high, which may put a crimp on summer travel plans.
Doug Engle Ocala Star-Banner / Landov

Originally published on Thu June 20, 2013 6:00 pm

Supplies of oil have been surging this year, and U.S. drivers, who have been switching to more fuel-efficient cars, are using less gasoline.

That would seem to be the right economic combination to push down prices at the pump, but gasoline prices have remained stubbornly high this summer.

Even some people in the industry are wondering whether the law of supply and demand somehow has been repealed.

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The Two-Way
4:30 pm
Wed June 19, 2013

Microsoft Responds To Fan Outcry, Changes Xbox One Policies

Originally published on Wed June 19, 2013 5:16 pm

Fans spoke, and apparently Microsoft listened.

In a reversal of the company's previous position, Microsoft announced Wednesday that its forthcoming Xbox One gaming console would no longer require a regular Internet connection and would not restrict used or shared games.

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Economy
3:36 pm
Wed June 19, 2013

G-8 Nations Pledge To Crack Down On Corporate Tax Evaders

Leaders take part in the G-8 summit in Northern Ireland on Tuesday. Their discussions included tax-avoidance issues.
Ben Stansall WPA Pool/Getty Images

Originally published on Wed June 19, 2013 8:18 pm

The world's wealthiest nations are promising to fight what they call the scourge of tax evasion. This week's meeting of the Group of Eight industrialized countries concluded with a pledge to end the use of tax shelters by multinational corporations.

But there are still big questions about how they will make a dent in the problem.

In the aftermath of the global recession, countries all over the world have struggled with budget shortfalls. More and more of them have come to blame part of their revenue problems on one culprit — tax avoidance.

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The Two-Way
3:07 pm
Wed June 19, 2013

Pitchman Who 'Guaranteed' Our Look Fired By Men's Warehouse

George Zimmer founded the Men's Wearhouse clothing store in 1973. The company announced Wednesday that he'd been fired.
Thomas J. Gibbons Getty Images

Originally published on Wed June 19, 2013 6:04 pm

He might like the way you look, but may no longer be able to guarantee you will.

Men's Wearhouse Inc. announced Wednesday that George Zimmer, founder and executive chairman of the company, has been fired.

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Monkey See
1:15 pm
Wed June 19, 2013

From Classic Toys To New Twists, Kids Go Back To Blocks

Legos and other interlocking toys are only one kind of blocks that remain popular with kids.
iStockphoto.com

Originally published on Fri June 28, 2013 11:39 am

I visited Toy Fair in New York City hunting for ideas for our summer series about kids' culture. One of the big takeaways was the increasing popularity of construction games such as Legos. Sales shot up nearly 20 percent last year. Now, it seems, every major toy manufacturer is scrambling to add new games geared toward kids building things.

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The Two-Way
12:49 pm
Wed June 19, 2013

Fed Leaves Interest Rates And Bond Purchase Plan Untouched

Federal Reserve Chairman Ben Bernanke said Wednesday that a fall in the unemployment rate would not automatically trigger a rise in interest rates. He spoke to the media after the central bank issued a policy update.
Susan Walsh AP

Originally published on Wed June 19, 2013 1:57 pm

The Federal Reserve will continue its program of purchasing $85 billion in securities and will leave the target interest rate for federal funds untouched to support the U.S. economy, the U.S. central bank said in a policy update issued Wednesday afternoon.

Here's a summary of the state of the U.S. economy from the Fed, which concluded two days of meetings today:

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Business
11:36 am
Wed June 19, 2013

Will Work For Free? The Future Of The Unpaid Internship

Originally published on Thu June 20, 2013 9:20 am

Transcript

NEAL CONAN, HOST:

This is TALK OF THE NATION. I'm Neal Conan in Washington. With school out, many college - and even some high school students - will spend the summer working as interns. It's a chance to beef up their resumes, gain on-the-job experience and make valuable contacts. Last week, a federal district court judge in New York issued a ruling that could change the system.

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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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