Business

Economy
8:43 am
Fri April 5, 2013

U.S. Job Growth Slows As Jobless Face Benefit Cuts

Applicants complete forms at a job fair in Newark, N.J. Weak U.S. job growth comes at the same time benefits for the long-term unemployed are shrinking.
Mark Lennihan AP

Originally published on Sat April 6, 2013 2:55 pm

The 11.7 million Americans searching for work got discouraging news Friday morning when the Labor Department said employers created only 88,000 jobs in March. The weak job growth comes at the same time benefits for the long-term unemployed are shrinking.

The smaller-than-expected increase in payrolls was a big disappointment, coming after a long stretch of much better results. Over the past year, employment growth has averaged 169,000 jobs a month.

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The Two-Way
6:58 am
Fri April 5, 2013

Job Growth Slows Sharply, But Unemployment Rate Dips

Li-Wen Hung (left) and Whitney Chen were waiting to meet potential employers at a Manhattan job fair earlier this year.
Mario Tama Getty Images

Originally published on Fri April 5, 2013 11:44 am

  • From 'Morning Edition': NPR's Yuki Noguchi talks with David Greene about the latest employment report

There were just 88,000 jobs added to private and public payrolls in March, the Bureau of Labor Statistics estimates.

But the nation's jobless rate still edged down to 7.6 percent from 7.7 percent. That dip wasn't for a good reason, though: Nearly half a million fewer people were participating in the labor force. That smaller pool meant the jobless rate could tick down even as job growth was weak.

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The Two-Way
4:43 am
Fri April 5, 2013

'Slow And Steady' Jobs Report Expected

Joe Raedle Getty Images

Originally published on Fri April 5, 2013 6:55 am

  • From 'Morning Edition': Yuki Noguchi talks with David Greene

Update at 8:41 a.m. ET.: Job Growth Slows Sharply, But Unemployment Rate Dips

Although economists had been expecting to hear that the U.S. economy added 200,000 jobs in March, the news is out and the number is far less. Just 88,000 jobs were added to private and public payrolls, the Labor Department reports. The jobless rate still edged down to 7.6 percent — but only because nearly half a million fewer people were in the labor force.

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Business
4:22 am
Fri April 5, 2013

The Ups And Downs Of Cyber Currency Bitcoin

Originally published on Fri April 5, 2013 5:30 am

Transcript

DAVID GREENE, HOST:

Bitcoin is a virtual currency that's traded largely online. It was created in 2009 in the aftermath of the global financial crisis as an alternative to currencies which are controlled by countries and central bankers. But Bitcoin has been on a wild ride lately, soaring in value during the anxious days of the Cyprus banking crisis.

We're going to look at the currency's history in today's Business Bottom Line. Here's NPR's Steve Henn.

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Law
2:31 am
Fri April 5, 2013

Enron's Skilling Could Win Early Release From Prison

Originally published on Fri April 5, 2013 5:30 am

Transcript

DAVID GREENE, HOST:

Now former Enron CEO Jeffery Skilling could be released early from federal prison, as part of a reduced sentencing agreement under consideration at the Justice Department. Skilling was sentenced to 24 years in prison for his role in the collapse of the energy trading giant.

NPR's Wade Goodwyn has more.

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Economy
2:31 am
Fri April 5, 2013

Jobless Date In March: Like A Lamb Or Lion?

Originally published on Fri April 5, 2013 10:31 am

The Labor Department on Friday reported the nation's unemployment rate inched down to 7.6 percent in March, the lowest rate in four years, mainly due to more people stopping their search for work. In February, the job rate was 7.7 percent.

Business
2:31 am
Fri April 5, 2013

Business News

Originally published on Fri April 5, 2013 5:30 am

The computer maker's chairman Ray Lane has stepped down as executive chairman. He's been on thin ice with shareholders after his role in acquiring a business software company ended up hurting HP's bottom line.

Business
2:31 am
Fri April 5, 2013

The Last Word In Business

Originally published on Fri April 5, 2013 5:30 am

The late rapper's songs often talked about growing up in a rough neighborhood. But it's not rough anymore.The neighborhood has changed quite a bit. Plus the apartment has been remodeled.

Business
2:31 am
Fri April 5, 2013

Colorado Farmers Scramble To Find Irrigation Water

Originally published on Fri April 5, 2013 5:30 am

Transcript

DAVID GREENE, HOST:

Let's go now to the Great Plains, where farmers are preparing for what could be a tough growing season. They are scrambling to find irrigation water, which is scarce in the midst of the region's persistent drought. In eastern Colorado, thirsty cities have gobbled up water rights for decades, selling what they don't need back to farmers.

As Luke Runyon from member station KUNC reports, the agreement only works when water is plentiful.

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Media
1:17 am
Fri April 5, 2013

Is The Company Behind Rodman's Korea Visit The Future Of Media?

Vice founder Shane Smith attends the premiere screening for the MTV series The Vice Guide To Everything in New York City in December 2010. Vice's new documentary series on HBO launches Friday.
Jemal Countess Getty Images

Originally published on Fri April 5, 2013 1:17 pm

How did Dennis Rodman end up having dinner with Kim Jong Un in North Korea? It was the idea of Vice Media, which has grown from a counterculture magazine into a full-fledged youth media conglomerate.

Friday night, it premieres a documentary series on HBO, a kind of coming-out moment into the mainstream.

'I Wish We Were Weirder'

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The Salt
4:35 pm
Thu April 4, 2013

NYC's Fast-Food Workers Strike, Demand 'Living Wages'

Demonstrators from the Fast Food Forward rally protest Thursday outside a Wendy's restaurant in New York City.
Mary Altaffer AP

Originally published on Thu April 4, 2013 6:20 pm

Fast-food restaurants were a little bit slower Thursday in New York City. Hundreds of workers staged a one-day strike in what organizers are calling the biggest job action ever in that industry. It's a growing segment of the economy, but workers complain that fast-food jobs don't pay enough to survive in New York City.

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13.7: Cosmos And Culture
4:11 pm
Thu April 4, 2013

Dear Netflix, We Can't Hear You! Signed, 50 Million Americans

Netflix was ordered to close-caption all its films by next year.
Justin Lane EPA /Landov

Originally published on Tue April 9, 2013 1:35 pm

Addicted, that's what we are: My husband and I are addicted to BBC television shows. We watch BBC series via Netflix streaming, the "instant" option available to Netflix customers.

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The Two-Way
3:55 pm
Thu April 4, 2013

Reports: Hewlett-Packard's Chairman Will Step Aside

Originally published on Thu April 4, 2013 4:44 pm

Hewlett-Packard's chairman Raymond Lane will give up his position, The Wall Street Journal, Reuters and Bloomberg are reporting.

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The Two-Way
12:30 pm
Thu April 4, 2013

Enron's Jeffrey Skilling May Be Negotiating An Early Release

Former Enron Chief Executive Jeffrey Skilling outside of the Bob Casey United States Court House in Houston in 2006.
Johnny Hanson Getty Images

Originally published on Thu April 4, 2013 4:43 pm

Jeffrey Skilling, the former Enron executive serving a 24-year prison sentence for his role in the energy company's collapse, may receive a shorter prison term.

According to Reuters, the United States Department of Justice notified victims of Enron's fraud that they are currently in negotiation with Skilling.

Reuters adds:

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Social Entrepreneurs: Taking On World Problems
11:55 am
Thu April 4, 2013

New Mortgage Program Helps Cambodia's Poor Find Better Homes

Sriv Keng (right) and her husband, Vet Vong, dish up bowls of rice for customers at her roadside food stall, which is situated in a garment manufacturing district.
Will Baxter for NPR

Originally published on Thu April 4, 2013 6:20 pm

If you've applied for a mortgage recently, you know how hard it can be. The bank demands all kinds of obscure documents and wants proof of almost every asset you own. But an innovative mortgage program halfway around the world will evaluate your application without any extra documentation — and if you're approved, it will give you a 15-year fixed-rate mortgage. There's just one catch: The mortgages are only for low-income people in Cambodia. The program is a throwback to the days when bankers got to know their customers — and trusted them.

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Planet Money
9:22 am
Thu April 4, 2013

50 Years Of Potato Chip Innovation, In 5 Animated GIFS

Lam Thuy Vo NPR

Originally published on Fri June 14, 2013 11:02 am

For more, watch our video: Secrets From A Potato Chip Factory.

Americans spend less on groceries than they did a few decades ago. That's partly because of new machines and technology that have made it much cheaper to produce food.

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The Two-Way
7:07 am
Thu April 4, 2013

Lululemon's Product Chief To Depart; See-Through Pants Have Been A Problem

Lululemon clothes at a store in Pasadena, Calif.
Kevork Djansezian Getty Images

Originally published on Thu April 4, 2013 10:03 am

Two weeks after being embarrassed by the news that some of its yoga pants were way too sheer, there's word from Lululemon that chief product officer Sheree Waterson will be leaving the company April 15.

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The Two-Way
6:46 am
Thu April 4, 2013

Jobless Claims Rise; Employment Report Likely To Show Slow Job Growth

Will there be more signs like this? An automotive service shop in El Cerrito, Calif., was looking for workers last month.
Justin Sullivan Getty Images

Originally published on Thu April 4, 2013 8:24 am

There were 385,000 first-time claims for unemployment insurance last week, up by 28,000 from the week before, the Employment and Training Administration says.

The news follows Wednesday's report of slower-than-expected job growth in the private sector: The ADP National Employment Report estimated that businesses added just 158,000 jobs last month.

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Television
3:11 am
Thu April 4, 2013

NBC Has More Problems Than Just 'Tonight Show' Hosts

Originally published on Thu April 4, 2013 3:26 am

Transcript

STEVE INSKEEP, HOST:

OK. So Frommer's guidebooks will stay the same. "The Tonight Show" is changing. This is a long-running television network drama - the saga of NBC easing Jay Leno out of the chair. As NPR's David Folkenflik reports, Leno will be replaced next year by Jimmy Fallon, in a show based in New York City.

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Economy
3:11 am
Thu April 4, 2013

Previous Owner Revisits Home Lost To Foreclosure

Bank foreclosures often force people out of their homes. Some houses re-sell, and new people move in. Five years ago, NPR's Emily Harris bought a house that sold in foreclosure. An evening ring at her doorbell led her to meet the person who had lived there before.

Business
3:11 am
Thu April 4, 2013

For Right Price, You Could Own Buzz Aldrin's Toothbrush

Originally published on Thu April 4, 2013 5:00 am

Transcript

STEVE INSKEEP, HOST:

And today's last word in business is space memorabilia.

Heritage Auction house is selling items that have gone to the moon. Astronaut Buzz Aldrin's toothbrush could be yours with the right offer.

DAVID GREENE, HOST:

OK. The bidding for this toothbrush - I hope they disinfect it - it's a light blue, Lactona tooth tip brush. The bidding starting at $9,000. The auction house is actually hoping that buyers will offer more than that.

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Business
3:11 am
Thu April 4, 2013

Business News

Originally published on Thu April 4, 2013 4:48 am

After buying the company last year, Google decided to stop printing Frommer's travel guides. The founder of the brand now says Google has agreed to sell the company back to him. Arthur Frommer says he will continue to print the travel guides — in addition to publishing them electronically.

Economy
3:11 am
Thu April 4, 2013

Looking Ahead To Friday's Unemployment Report

Originally published on Thu April 4, 2013 4:37 am

Steve Inskeep talks to David Wessel, economics editor of The Wall Street Journal, for a preview of what Friday's jobs report is likely to say about the U.S. economy. The stock market is setting records and though profits are up, wages are stagnant.

Health Care
3:11 am
Thu April 4, 2013

Lawyers Join Doctors To Ease Patients' Legal Anxieties

Lawyer Meredith Watts (left) visits client/patient Shirley Kimbrough at her apartment in north Akron, Ohio. Kimbrough is being helped by a program under which lawyers partner up with health providers to supply patients with legal advice.
Jeff St. Clair WKSU

Originally published on Fri April 5, 2013 12:44 pm

Two professions that have traditionally had a rocky relationship — doctors and lawyers — are finding some common ground in clinics and hospitals across the country.

In Akron, Ohio, for instance, doctors are studying how adding a lawyer to the health care team can help improve a patient's health.

As a TV drones in the background, about a dozen women and children wait for their names to be called at the Summa women's clinic in Akron.

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Author Interviews
3:48 pm
Wed April 3, 2013

The Botched NY Real Estate Deal That Lost 'Other People' Billions

The Peter Cooper Village and Stuyvesant Town apartment complex is seen from Waterside Plaza in 2006, the same year it was sold in a record-breaking real estate deal.
Mario Tama Getty Images

Originally published on Wed April 3, 2013 6:50 pm

The middle-income housing projects Stuyvesant Town and Peter Cooper Village sit on an 80-acre patch of Lower Manhattan. In 2006, they came to epitomize the lunatic excess of the housing boom when their 11,232 apartments sold for $5.4 billion. They were bought at a competitive auction by Tishman Speyer Properties and BlackRock Realty.

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All Tech Considered
3:40 pm
Wed April 3, 2013

Who's Hiring H1-B Visa Workers? It's Not Who You Might Think

There's been increasing support for the number of H-1B visas, for highly skilled workers. Large tech companies are leading the push for the increase, but many of the visas go to workers at large consulting firms.
iStockphoto.com

Originally published on Thu April 4, 2013 10:22 am

The tech industry wants more skilled workers — from overseas. Companies are lobbying hard for Congress to raise the limit on H-1B visas — visas for people with specialized skills — researchers, for instance, or software engineers.

Brad Smith, Microsoft's general counsel, recently told NPR that more H-1B visas can't help but be good for the country.

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Planet Money
3:09 pm
Wed April 3, 2013

How We Use Energy: Then And Now

A drilling rig near Kennedy, Texas.
Eric Gay AP

Originally published on Wed April 3, 2013 9:14 pm

Manufacturing in the U.S. still uses the most energy. But its share has been decreasing. That's partly because we've moved from energy-intensive manufacturing to a more service-based economy. And also partly because of a slowing population growth and improving energy efficiency.

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Business
2:47 pm
Wed April 3, 2013

Legal Troubles Continue To Mount For SAC Hedge Fund Manager

Originally published on Wed April 3, 2013 6:50 pm

Transcript

ROBERT SIEGEL, HOST:

Legal troubles keep mounting for hedge fund manager Steven Cohen and his firm SAC Capital. Today, an appeals court judge in New York reinstated a lawsuit filed by his ex-wife, accusing Cohen of fraud. Last week, one of his top lieutenants was charged with insider trading and he was the fifth person with the firm to face arrest.

Still, as NPR's Jim Zarroli reports, U.S. officials have so far failed to bring charges against Cohen himself.

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Television
2:47 pm
Wed April 3, 2013

Jimmy Fallon To Take Over For Jay Leno On NBC's 'Tonight Show' In Spring 2014

Originally published on Wed April 3, 2013 6:50 pm

In a news release that could barely be called "news," NBC has announced that Jay Leno will be replaced by Jimmy Fallon next spring.

Shots - Health News
10:26 am
Wed April 3, 2013

Administration Hits Pause On Health Exchanges For Small Businesses

Shops and other small firms may be open, but health insurance exchanges will take a little longer before they're ready to offer a full range of health plans for small business customers.
iStockphoto.com

Originally published on Fri April 5, 2013 12:58 pm

The Obama administration is delaying the start of a key piece of the Affordable Care Act. Workers in small businesses will have to wait an additional year to be able to choose from more than one plan in the marketplaces that start next January.

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