Business

Around the Nation
9:45 am
Fri February 8, 2013

The Difficulties of Proving Housing Discrimination

Civil rights advocates have long relied on a principle called, "disparate impact," to prove minorities are discriminated in housing. Now, the Supreme Court is poised to review whether it's a legitimate tool in such cases. Host Michel Martin speaks with investigative journalist Nikole Hannah-Jones, who has written about the issue for ProPublica.

Business
4:19 am
Fri February 8, 2013

The Last Word In Business

Originally published on Fri February 8, 2013 10:28 am

Transcript

DAVID GREENE, HOST:

All right. And our last word in business today is snakebite.

Over the next couple of weeks skies in many parts of Asia will be lit up with fireworks to celebrate the Lunar New Year. The Year of the Dragon is ending and Sunday marks the start of, yes, the Year of the Snake.

STEVE INSKEEP, HOST:

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Business
4:19 am
Fri February 8, 2013

Spain's Wind Energy Industry Breaks Record

Originally published on Fri February 8, 2013 10:28 am

Transcript

DAVID GREENE, HOST:

We'll begin NPR's business news starts with strong winds in Spain.

(SOUNDBITE OF MUSIC)

GREENE: Spain has a pretty good location in the south of Europe. They are accustomed to good weather, plenty of sunshine, clear skies and wind - which the country is putting to good use. Spain has become a leader in renewable energy.

In fact, the countries wind farms have broken a new record, as Lauren Frayer reports from Madrid.

(SOUNDBITE OF WIND TURNING TURBINES ON PLAINS SOUTH OF MADRID)

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Business
4:19 am
Fri February 8, 2013

Do Boeing Engineers Have Enough Leverage To Strike?

Originally published on Fri February 8, 2013 10:28 am

Transcript

STEVE INSKEEP, HOST:

Boeing engineers in the Pacific Northwest are voting on whether to authorize a strike. The labor dispute is playing out against a dramatic backdrop. Here, the engineers are needed, now more than ever, to help fix the batteries on Boeing's flagship 787 Dreamliner.

As Ashley Gross of member station KPLU reports, that's given the engineers something that is rare for unions, these days - leverage.

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It's All Politics
1:33 am
Fri February 8, 2013

Even Without Earmarks, Tax Breaks And Special Deals Fill Bills

Tourists take photographs in front of the U.S. Capitol on Jan. 2, the day after Congress passed a bill to avoid the fiscal cliff.
Saul Loeb AFP/Getty Images

Originally published on Fri February 8, 2013 10:28 am

Congress likes to say it no longer does earmarks, the provisions that direct federal dollars to serve local interests or campaign supporters. And though that may be true, it's also a fact that targeted provisions are still useful in moving legislation — even critical legislation like the bill that pulled Washington back from the fiscal cliff last month.

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Planet Money
1:14 am
Fri February 8, 2013

How Happy Is America?

Originally published on Fri February 8, 2013 10:28 am

In recent years, Canada, France and Britain have added measures of citizen happiness to their official national statistics. The U.S. government is now considering adopting a happiness index as well.

This makes a certain amount of sense. Everything a government does — hiring soldiers, building bridges, providing pensions — is supposed to make citizens happy.

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Business
3:28 pm
Thu February 7, 2013

Government Investigators Question Safety Of Boeing 787's Battery

The National Transportation Safety Board says the battery fire on a Boeing 787 Dreamliner was caused by multiple short circuits in a single cell, but it still doesn't know what caused the problem. The NTSB also says the process the FAA used to approve the plane needs to be reviewed.

Asia
2:45 pm
Thu February 7, 2013

Move Over James Bond, China Has An Unlikely Box Office Champ

The surprise hit Lost in Thailand, a road comedy that cost less than $5 million to make, has become China's highest-grossing domestic film.
Enlight Pictures

Originally published on Fri February 8, 2013 7:32 am

Movies are big business in China, and 2012 was another record year: Theaters raked in about $2.7 billion, pushing China past Japan to become the world's second-largest market.

Those blistering sales were expected; China's ultimate box-office champ, however, was not.

Hollywood blockbusters usually do well in China. And last year, competition was stiff, including a new installment of Tom Cruise's Mission: Impossible franchise, as well as Skyfall, the latest James Bond flick.

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Art & Design
2:44 pm
Thu February 7, 2013

New York's Grimy Garment District Hatches Designers' Dreams

From West 24th to West 42nd Street, New York's Seventh Avenue is also known as "Fashion Avenue." It's home to major designers as well as those who are just starting out, like Ann Yee and Daniel Vosovic.
Michael Katzif for NPR

Originally published on Thu February 7, 2013 6:07 pm

Thursday marks the beginning of New York Fashion Week, where big-name designers like Michael Kors, Anna Sui and Vera Wang will debut their Fall 2013 collections. It's part of an industry that generates billions of dollars of revenue for New York City, employing hundreds of thousands of workers. But the real business of fashion happens several blocks south of the glamorous Lincoln Center runways, in New York's Garment District.

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The Two-Way
12:08 pm
Thu February 7, 2013

NTSB Says Regulators Should Reconsider Approval Of Dreamliner Battery

Pieces of damaged electrode coils from a battery cell that resulted in a fire aboard a Japan Airlines Boeing 787 Dreamliner airplane at Logan International Airport in Boston.
Saul Loeb AFP/Getty Images

Originally published on Thu February 7, 2013 12:26 pm

The head of National Transportation Safety Board said today that the FAA should reconsider their approval of the Dreamliner's lithium-ion battery.

Essentially, the NTSB Chairman Deborah Hersman said during a news conference, what Boeing told the FAA about the risks involving the battery have proved different in practice.

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The Two-Way
10:44 am
Thu February 7, 2013

What Nations Were The Most Forward-Looking In 2012?

The Future Orientation index shows a strong correlation between Internet activity and its gross domestic product. Countries in blue are deemed forward-looking.
Suzy Moat and Tobias Preis

Originally published on Thu February 7, 2013 8:16 pm

Germany was the world's most future-oriented country in 2012, followed by Switzerland and Japan, according to the "Future Orientation Index." Researchers found that in Germany and 10 nations last year, more people used Google to search for "2013" than for "2011."

The 11 countries represent a gain over 2011, when only seven countries had as many searches for the upcoming year as for the prior one.

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The Salt
10:09 am
Thu February 7, 2013

Chain Restaurants Boost Sales With Lower-Calorie Foods

Ordering the small fries? You're part of a trend.
iStockphoto.com

Originally published on Thu February 7, 2013 12:54 pm

Lower-calorie foods are driving growth and profits for chain restaurants, according to fresh research, suggesting that people are making smarter choices when it comes to burgers and fries.

We're still ordering the burger and fries, mind you. But we're going for smaller portions and shunning sugary drinks. French fry sales dropped about 2 percent from 2006 to 2011, while sales of lower-calorie beverages rose 10 percent, the study found.

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Shots - Health News
8:06 am
Thu February 7, 2013

Despite Rocky Economy, Money For Global Health Remains Solid

After going through a huge growth spurt, money for global health has plateaued recently. The U.S. government remains the biggest donor, but private charities like the Bill & Melinda Gates Foundation have boosted donations.
Courtesy of the Institute for Health Metrics and Evaluation

Given the world's economic troubles, you'd probably expect money to fight HIV and other illnesses around the world to have plummeted in the past few years.

But foreign aid for global health held steady in 2011 and 2012, hovering right around $28 billion a year, a report published Wednesday finds.

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The Two-Way
6:57 am
Thu February 7, 2013

366,000 New Claims For Jobless Benefits, Down Only Slightly

There were 366,000 first-time clams for unemployment insurance last week, down just 5,000 from the week before, the Employment and Training Administration reports.

Of note: that number from the previous week — 371,000 — is an upward revision. A week ago, the agency estimated there had been 368,000 claims over that period.

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NPR Story
4:00 am
Thu February 7, 2013

Business News

Originally published on Thu February 7, 2013 1:07 pm

Transcript

DAVID GREENE, HOST:

NPR's business news starts with Boeing's battery problem.

Boeing's new fleet of Dreamliner 787 aircraft is grounded. But there is one in the air right now. The FAA cleared the plane's flight this morning from Fort Worth, Texas to Seattle. Engineers at the Boeing factory there will study the plane's lithium ion batteries and look for ways to reduce fire risk. Regulators around the world grounded the Dreamliner last month after batteries overheated on two planes. Only crew are aboard the 787 currently on its way to Seattle.

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NPR Story
4:00 am
Thu February 7, 2013

The Last Word In Business

Originally published on Thu February 7, 2013 1:07 pm

Transcript

DAVID GREENE, HOST:

And we have news of another fire sale. Our last word in business today is the buy of a lifetime.

STEVE INSKEEP, HOST:

That's what some are calling the sale of a 20-acre estate outside Cedar Falls, Iowa, which sold for a winning bid of around $600,000. The precise amount was not disclosed. One expert says to build something like that estate today would cost $1.5 million.

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Europe
1:39 am
Thu February 7, 2013

Privatization Of Greek Assets Runs Behind Schedule

Employees of Hellenic Postbank protest during a strike against the bank's privatization in Athens, in December.
John Kolesidis Reuters/Landov

Originally published on Thu February 7, 2013 1:07 pm

In exchange for multibillion-euro bailouts, Greece was required to sell state-owned assets. But the sweeping privatization process is behind schedule. In addition, European governments are nervous that Chinese, Russian and Arab companies are lining up to take advantage of the Greek fire sale.

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It's All Politics
3:00 pm
Wed February 6, 2013

NRA's 'Anti-Gun' List Includes Some Not-So-Obvious Names

The Kansas City Royals professional baseball team is among more than 500 groups and individuals listed by the NRA as "anti-gun."
Jamie Squire Getty Images

Originally published on Wed February 6, 2013 5:12 pm

What do the Kansas City Royals, C. Everett Koop, Jack Nicholson and the United Methodist Church all have in common?

Turns out the Major League Baseball team, the former surgeon general, the actor and the denomination's general board and church society are all enemies of firearms, and as such have made it onto the National Rifle Association's list of "National Organizations With Anti-Gun Policies."

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U.S.
1:59 pm
Wed February 6, 2013

As Drought Intensifies, 2 States Dig In Over Water War

Harlan County Lake, the Republican River's main reservoir in Nebraska, dropped 10 feet during the summer drought and hasn't recovered.
Grant Gerlock

Originally published on Wed February 6, 2013 5:28 pm

Epic water battles are the stuff of history and legend, especially in the West. And as a severe drought drags on in the Midwest, a water war is being waged over a river that irrigates agriculture in Colorado, Nebraska and Kansas.

It's that last border crossing where this water war is under way. Kansas has gone to the Supreme Court to argue that Nebraska uses too much water from the Republican River, and that there's not enough left for Kansas farmers.

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Economy
11:07 am
Wed February 6, 2013

The Squeeze: Higher Costs And Smaller Paychecks

Originally published on Wed February 6, 2013 11:31 am

The economy may be on the rebound, but life is getting tougher for some people in the middle class. With rising gas prices, insurance costs, and higher payroll taxes, people are feeling squeezed. Host Michel Martin asks if there's any financial relief in sight.

The Two-Way
10:07 am
Wed February 6, 2013

REI Executive Tapped For Interior; Geithner Joins Council On Foreign Relations

Sally Jewell, president and CEO of REI, who is in line to be the next secretary of interior.
Ron Sachs EPA /Landov

Originally published on Wed February 6, 2013 12:29 pm

Update at 2:25 p.m. ET. It's Official:

Praising Sally Jewell as an executive who turned outdoors equipment retailer REI into one of the nation's most successful and environmentally conscious companies, President Obama just said he is nominating her to be his next interior secretary.

Noting that Jewell, who in a previous job worked as an engineer for Mobil, has also climbed mountains in Antarctica, the president joked about that being "just not something I think of doing."

Our original post:

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Economy
9:55 am
Wed February 6, 2013

With Gasoline Prices Rising, Consumers Are Having A Tough Year

Raul Rivero fills up in Miami. Having less take-home pay at the same time gas prices are rising could dampen consumer spending, economists say.
Joe Raedle Getty Images

Originally published on Wed February 6, 2013 11:30 am

Business leaders involved in homebuilding, oil drilling or automaking are happy about the way 2013 has kicked off. Lower- and middle-income consumers, on the other hand, are feeling like the year has kicked them in the head.

"Consumers have not rebounded with the arrival of the new year," says Ed Farrell, director of consumer insight at the Consumer Reports National Research Center. "Middle-income Americans were particularly hard hit this month and appear to be losing ground."

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Monkey See
8:55 am
Wed February 6, 2013

Do Not Pass Go, Do Not Get Severance: Interview With An Iron

The Monopoly iron token that was replaced by the new cat token.
Steven Senne AP

Originally published on Wed February 6, 2013 4:07 pm

Wednesday, Hasbro announced that it was welcoming a new member of the Monopoly-token family. And because it asked the Internet, it wound up with a cat. (For whatever reason, the Internet was not offered Gotye or a bacon cupcake.)

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Business
8:51 am
Wed February 6, 2013

In Cost-Saving Move, Post Office Cuts Saturday Delivery

Transcript

DAVID GREENE, HOST:

NPR's business news begins with an ending.

(SOUNDBITE OF MUSIC)

GREENE: The U.S. Postal Service has just announced the end of first class mail deliveries on Saturday. It is part of an effort to slow enormous financial losses. And NPR's Yuki Noguchi has come into the studio to tell us what all this means for customers and the Postal Service. And Yuki, so when will my Saturday deliveries stop?

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Strange News
7:44 am
Wed February 6, 2013

Hasbro's Monopoly Trades Its Old Iron For A New Cat

Originally published on Wed February 6, 2013 8:51 am

Transcript

DAVID GREENE, HOST:

Good morning, I'm David Greene.

STEVE INSKEEP, HOST:

Monopoly players, your game will never be the same. Hasbro, which has been making the for some 80 years, is retiring a game piece. The iron will no longer be passing Go or stopping at Park Place. The company ran a Save Your Token campaign, and only eight percent of respondents fought for the iron. The winner? That little Scottie dog, who may prefer the old iron to the token replacing it - a cat - though players using the cat may get nine chances to win.

Business
7:02 am
Wed February 6, 2013

Postal Service Plans To End Saturday Mail Delivery

Originally published on Wed February 6, 2013 8:51 am

Transcript

DAVID GREENE, HOST:

NPR's business news begins with an ending.

(SOUNDBITE OF MUSIC)

Economy
3:37 am
Wed February 6, 2013

Obama Suggests Short-Term Fix To Sequester

Originally published on Wed February 6, 2013 8:51 am

Transcript

STEVE INSKEEP, HOST:

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

DAVID GREENE, HOST:

And I'm David Greene. Good morning.

If Congress and the president do not act in the next three weeks, deep across-the-board spending cuts will hit everything from the Defense Department to education programs.

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Business
3:36 am
Wed February 6, 2013

Business News

Originally published on Wed February 6, 2013 8:51 am

Transcript

DAVID GREENE, HOST:

NPR's business news starts with a big cable buyout.

(SOUNDBITE OF MUSIC)

GREENE: Liberty Global is the cable company owned by American media mogul John Malone. Malone is about to have a much broader reach. His company already operates in 14 countries. And now Liberty Global has reached a deal to buy the British cable company Virgin Media for about $16 billion.

Business
3:36 am
Wed February 6, 2013

The Last Word In Business

Originally published on Wed February 6, 2013 8:51 am

Transcript

STEVE INSKEEP, HOST:

And today's last word in business is a Texas/California throwdown or thodown, depending on where you're from.

Texas' Governor Rick Perry is taking aim at California's business climate.

(SOUNDBITE OF AD)

GOVERNOR RICK PERRY: Building a business is tough. But I hear business in California is next to impossible. This is Texas Governor Rick Perry. Come check out Texas.

DAVID GREENE, HOST:

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NPR Story
3:27 am
Wed February 6, 2013

Feds Bust Huge Credit Fraud Ring

Originally published on Wed February 6, 2013 8:51 am

Transcript

STEVE INSKEEP, HOST:

We're also tracking a story that federal authorities call one of the biggest credit card fraud rings in U.S. history. Eighteen people are alleged to have created an elaborate web of fake identities and sham companies to steal hundreds of millions of dollars.

NPR's Dan Bobkoff has more.

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