With huge crowds expected in Washington, D.C., dozens of pedicab drivers have come to town to take advantage of the president's swearing in. Mike Kowalczyk of Newport, Rhode Island, told WTOP he's a little worried about directions. He said he got lost his first night in the nation's capital.
After the first Obama inauguration, everybody talked about three things: the historic moment, the Arctic weather — and Aretha Franklin's hat.
If it is possible for a piece of millinery to steal the thunder of one of the most-watched moments in recent memory, the Queen of Soul's hat managed to do it. Her gray felt cloche was topped with a giant, matching bow, outlined in rhinestones that flashed in the chill sunlight as she sang "My Country 'Tis of Thee."
For years, British environmental activist Mark Lynas destroyed genetically modified food (GMO) crops in what he calls a successful campaign to force the business of agriculture to be more holistic and ecological in its practices.
His targets were companies like Monsanto and Syngenta — leaders in developing genetically modified crops.
Earlier this month he went in front of the world to reverse his position on GMOs.
With the global auto industry gathered in Detroit this week for the city's renowned auto show, Renee Montagne talks to Chrysler CEO Sergio Marchionne about his company's stunning turnaround, manufacturing overseas and a Chrysler IPO.
Steve Inskeep interviewed Whole Foods CEO John Mackey on Wednesday and Thursday. Mackey has a new book out called Conscious Capitalism. Mackey used the word "facism" when answering a question about the health care measure.
The House of Representatives passed a bill this week to spend $50 billion to help states struck by Hurricane Sandy. The action comes more than two months after the storm, and the measure now goes to the Senate.
Originally published on Thu January 17, 2013 1:06 pm
When The Salt posted Wednesday that Whole Foods CEO John Mackey told Morning Edition that President Obama's health care overhaul isn't socialism, it's "fascism," there was quite a response. The post has more than 500 comments, so far.
And today's last word in business is: outsourcing.
When an American-based company noticed that somebody had been logging onto their computer system from China, day after day, they worried it was hackers so they called in some telecom risk experts from Verizon.
RENEE MONTAGNE, HOST:
And what they discovered was surprising. The activity from China was all being done with the logon of one of the firms' top software developers. Turns out the unnamed employee was outsourcing his job to several Chinese consulting companies.
The Federal Reserve, yesterday, released its latest snapshot of the state of the U.S. economy. Retail and auto sales were up slightly over the year before, as was activity in the all important housing sector. Real estate sales were seen as steady or improved across much of the country.
For more on housing prices and economic recovery, we turn this morning, as we often do, to David Wessel. He's economics editor of The Wall Street Journal. Good morning.
The Consumer Protection Financial Bureau is unveiling today the second half of its new mortgage rules. It will outline how the mortgage industry must manage loans that are delinquent or in the process of being foreclosed.
NPR's Yuki Noguchi reports that these rules, among other things, aim to make it easier for borrowers to communicate with the people handling their mortgages.
Some other news. Thirty-two people from New York and New Jersey are charged with using threats of violence to control garbage pickup routes.
Authorities say many have ties to the mob, as NPR's Joel Rose reports.
JOEL ROSE, BYLINE: Organized crime has a long history of infiltrating the trash collection business in New York and New Jersey. It's also the official family business of America's most famous TV gangster, Tony Soprano.
Still more trouble for Boeing's newest passenger jet, the 787, known as the Dreamliner. The FAA has grounded all U.S.-owned 787s because of safety concerns. This follows an earlier move by Japan doing the same. NPR's Wendy Kaufman reports for today's Business Bottom Line.
From NPR News, this is ALL THINGS CONSIDERED. I'm Audie Cornish.
ROBERT SIEGEL, HOST:
And I'm Robert Siegel.
There are new and bigger troubles today for the Boeing 787, the airplane known as the Dreamliner. Late today, the FAA grounded the U.S. fleet of 787s for safety checks. The grounding and inspection order will likely be implemented around the world. The move comes after two serious battery-related problems occurred on two different Dreamliners in the past 10 days. Here's NPR's Wendy Kaufman.
Originally published on Thu January 17, 2013 4:41 am
JPMorgan Chase reports that its profits were up 53 percent in the fourth quarter of 2012 — but CEO Jamie Dimon's pay will be cut in half, after the bank lost billions of dollars on risky bets made in its London office. The incident tarnished the reputation of Dimon, who had successfully steered his bank through the recent financial crisis.
"This past year has been a bruising one for Dimon," as NPR's Steve Henn reports for our Newscast unit:
Originally published on Thu January 17, 2013 4:41 am
What began as a company's suspicion that its infrastructure was being hacked turned into a case of a worker outsourcing his own job to a Chinese consulting firm, according to reports that cite an investigation by Verizon's security team. The man was earning a six-figure salary.
Starting a small business hasn't been easy lately. People are now turning to their peers for funding after being denied credit from big banks. But that has its own set of risks and rewards. Host Michel Martin explores the future of small business in 2013.
The lockout is over and the much delayed National Hockey League's season is now set to begin on Saturday. The regular season will run 48 games instead of the usual 82.
So what's the economic effect of missing almost half the season? NPR's Mike Pesca finds, not as bad as you might think.
MIKE PESCA, BYLINE: We've all seen the reports during the lockout, the empty bar near the arena should be brimming with Bruins backers or a Washington Avalanche acolytes. Or maybe it's not a bar. Maybe it's pizza in Pittsburgh.
As the earliest flu outbreak in years continues to claim victims, businesses are taking a hit, too. They're faced with an unsolvable problem: If they tell too many sick employees to stay home, the work doesn't get done. But when people sick with flu and other bugs show up, they're spreading illness through the workplace.
It's a dilemma the staff at Zeno Radio, a media technology company in Midtown Manhattan, has seen unfold this winter.
The new figure predicts the world economy will grow by only 2.4 percent this year — lower than the 3 percent the World Bank predicted last June. Among the reasons the bank cited for the new forecast: the continued economic weakness of developed countries.
Originally published on Wed January 16, 2013 4:56 am
The online retailer Cafe Press is happy to sell you inaugural mouse pads, shot glasses, and mugs. And the merchandise is bipartisan, including a sweatshirt with the message: "I was Anti-Obama Before It Was Cool."