Originally published on Mon March 4, 2013 11:02 am
Tax day is looming and taxpayers are scrambling to gather receipts, W-2 forms and other documents. For many, gone are the days of paper ledger books and calculators, now that there's software to figure out how much they owe.
Wall Street hardly seemed rattled by the $85 billion across-the-board spending cuts that went into effect Friday. As just one indicator, the Dow closed the week within 100 points of hitting an all-time high. For more, host Scott Simon talks with New York Times columnist Joe Nocera.
Florida Atlantic University says it's standing by its deal to sell naming rights to its new football stadium to a controversial private prison company. The Boca Raton-based GEO Group faces allegations of abuse and neglect at some of its facilities, and there's a growing call on campus for the school to sever its ties.
Earlier in the week in our "On the Run" series, we heard a mom explain how mac and cheese was more affordable than fresh fruit. Morning Edition reached out to Barry Popkin of the University of North Carolina Chapel Hill, a nutritionist and economist, to explain why that would be true.
Todd Duffey is suing the publisher Perseus which sells a book and a collection of buttons called the Office Space Box of Flair, inspired by the 1999 movie. Duffey doesn't like that his face appears on the cover of the book and on one of the buttons in the collection.
The latest TV ratings are out and CBS captured the top spot with help from its Super Bowl broadcast. Last fall, NBC was No. 1 but now it's fourth. What's surprising is that Spanish-language network Univision has surpassed NBC's ratings.
The Congressional Budget Office estimates the automatic budget cuts that go into effect Friday will shave 0.6 percent from the economy's annual growth rate. That might not be a big worry if the economy were growing at 3 or 4 percent. But growth is a paltry 2 percent, so the impact may be noticeable.
Many states want to increase the amount of electricity that comes from wind and solar energy. One challenge is that renewables are not reliable. The wind doesn't always blow, the sun doesn't always shine. So companies are now trying to develop better ways to store energy.
New Hampshire Public Radio's Sam Evans-Brown reports on a company that is working on a storage system that uses compressed air.
Last year, J.C. Penney saw what every big retailer had been seeing for years: the threat of Amazon and other new competitors rising to destroy their business.
So J.C. Penney brought in a bold new CEO. Ron Johnson had already created Apple Store, a chain of physical stores where people flocked to shop. Before that, he had revamped Target.
And Johnson had a plan for J.C. Penney: Tell customers they don't have to spend time anymore clipping coupons or waiting for sales to happen. Instead, the store would offer fair prices on its merchandise every day.
Hear Laura Sydell's report for Morning Edition by clicking the audio link.
Groupon co-founder Andrew Mason has been fired as the daily-deal company's CEO, one day after Groupon posted financial results that showed it lost $67.4 million during 2012. Board chairmen Eric Lefkofsky and Ted Leonsis will jointly fill the CEO post on an interim basis.
This is TALK OF THE NATION. I'm Neal Conan in Washington. The metaphors become unbearably trite: the debt ceiling; the fiscal cliff and now the meat cleaver of the sequestration. Details are important, we'll get to those in a moment, but underlying the repeated rounds of budgetary crisis, lies a deeper political paralysis.
This is TALK OF THE NATION. I'm Neal Conan in Washington. This week the federal government and Gulf Coast states took BP and its contractors to court seeking billions in civil damages for the disaster that began almost three years ago now, with the explosion of the Deepwater Horizon oil rig. Some call it the trial of the century.
Originally published on Thu February 28, 2013 1:13 pm
After years of legal wrangling, the Defense of Marriage Act — the law that prevents the federal government from recognizing marriage as anything but a "legal union between one man and one woman" — comes before the Supreme Court next month.
"Chrysler will hire 1,250 new workers and spend $374 million to upgrade transmission plants in central Indiana — the only place in North America where the automaker makes transmissions," the Detroit Free Press reports from Kokomo.
Originally published on Thu February 28, 2013 11:33 am
China's answer to accusations of cyber-espionage against the U.S.? The Americans are doing it to us, too.
Barely a week after a report from security firm Mandiant that an arm of the People's Liberation Army was behind the theft of "hundreds of terabytes" of data from U.S. companies, China's Defense Ministry said Thursday that U.S. hackers were penetrating Chinese military websites.
The battle between an American capitalist and a French socialist official has prompted chuckles — and heated debate — on both sides of the Atlantic. The exchange highlights some humorous stereotypes and reveals real differences between the economic cultures of France and the United States.
A leaked letter from Maurice Taylor, CEO of the Illinois-based Titan tire company, ignited the controversy. In it, Taylor, regarded by the French as a hardcore capitalist, addressed Arnaud Montebourg, France's flamboyant, leftist industrial renewal minister.
It may never have been intended to play out in quite this way, but the automatic spending cuts set to take effect for most federal programs Friday leave little room for preserving the most visible and popular programs.
"The law basically says the cuts have to be across-the-board by 'project, program and activity,' " says Stan Collender, a federal budget expert with the communications firm Qorvis. "That was specifically written to take away flexibility from the administration."
And our last word in business today, is a missing link found. As in sausage.
At Milwaukee Brewer's games, a regular on field promotion is a race between seven-foot-long sausages. We should say people wearing sausage costumes. There a hotdog, a bratwurst, a Polish sausage - you know, you get the idea. So earlier this month, the Italian sausage disappeared.
And if the mandatory spending cuts do take affect tomorrow, the secretary of agriculture says he will be forced to furlough food safety inspectors. Without those inspectors, food companies could grind to a halt. But many in the meat industry say the USDA is mostly cooking up a scare.
Frank Morris of member station KCUR has that story.
New Jersey is hoping to hit the jackpot. Governor Chris Christie just signed a new law allowing online gambling. You have to be in the state to gamble there online, though it does save a drive to Atlantic City. And New Jersey's new law follows a similar move in Nevada last week.
To find out more, we called David Schwartz. He's director of the Center for Gaming Research at the University of Nevada, Las Vegas.
With unemployment still high, hiring managers continue to be inundated by job applications. Some big companies are coping with the deluge by using talent management software that winnows pools of job applicants before a human lays eyes on their resumes.
Human resources teams say in today's economy, the systems, which have been around for decades, are crucial. But job hunters like Tim Woodfield often find the software overly aggressive.
Woodfield is an information technology expert, but, ironically, computers became his nemesis during his job search.
Yahoo touched off a debate about the effectiveness of telecommuting when it told employees last week that they may no longer work from home. The policy change was made, according to the company's internal email, to enhance workplace collaboration.
Yahoo CEO Marissa Mayer, who happens to be a new mother, drew fierce criticism from those who say she should embrace, rather than reject, flexible work arrangements.
What exactly is lost and what's gained when people work from home?
Several states are rushing to establish a foothold in online gambling — an activity that federal officials were only recently trying to ban.
Just a while ago, the federal government actually viewed online gambling as a crime. Lately, the Obama administration has taken a more permissive stance. It now allows states to sell lottery tickets online.
New Jersey Gov. Chris Christie had expressed reservations about online gambling a month ago and had vetoed an earlier version of the bill. But in the end, the pressure to sign the legislation was just too great.