Business

Business
3:29 am
Sun May 25, 2014

It's Geithner Vs. Warren In Battle Of The Bailout

In a war of words between Timothy Geithner and Elizabeth Warren over the bank bailout, who's the victor?
Mandel Ngan AFP/Getty Images

The financial crisis of 2008 caused such an enormous upheaval that future historians will long be asking: Who caused it? Who fixed it? Could it have turned out better?

Recently, two key players looked back: Former Treasury Secretary Timothy Geithner wrote Stress Test, Reflections on Financial Crisis, and Massachusetts Sen. Elizabeth Warren wrote A Fighting Chance.

The two reached opposite conclusions. Geithner believes the bank bailout proved its worth. Warren remains outraged that wealthy bankers have not been jailed.

Read more
Business
2:58 pm
Sat May 24, 2014

Where Will Credit Suisse's Fine Go?

Originally published on Sat May 24, 2014 4:29 pm

Transcript

ARUN RATH, HOST:

For those who think big banks in America too often skate above the law, this week brought some welcome news.

(SOUNDBITE OF NEWS ANNOUNCEMENT)

UNIDENTIFIED WOMAN #1: Credit Suisse pleaded guilty Monday to criminal wrongdoing...

UNIDENTIFIED WOMAN #2: So Credit Suisse was recruiting Americans to hide their money and avoid taxes?

UNIDENTIFIED MAN #1: No bank is too big to jail.

Read more
All Tech Considered
9:16 am
Sat May 24, 2014

Tech Week: Baby Photos Online, Facebook V. Shazam, Ebay's Fail

Hackers broke into a database containing customer information, auction site eBay said Wednesday. The company is based in San Jose, Calif.
Paul Sakuma AP

Each week, we take a look back at the headlines at the intersection of technology, business and culture. ICYMI features NPR reporting, the Big Conversation includes the larger conversations in the space and Curiosities are any links we thought you should see.

Read more
Your Money
5:49 am
Sat May 24, 2014

Could You Be Driving A Car With A Recall?

Originally published on Sat May 24, 2014 12:09 pm

Transcript

SCOTT SIMON, HOST:

Lots of people, of course, are on the road this Memorial Day weekend. The big news for many drivers is there's been more GM recalls. General Motors has recalled some 15 million cars, trucks, and SUVs around the world this year. The spokesman for the National Highway Traffic Safety Administration, also known as NHTSA, told Reuters that faulty ignition switches may have led to more than 13 deaths previously reported.

Read more
The Salt
4:38 am
Sat May 24, 2014

If Local Farms Aren't Local Enough, Buy From The Rooftop

At the Mini-Farmery in North Carolina, greens grow on the walls and customers can pick their own produce.
Amy Edwards New Image Studio

Originally published on Tue May 27, 2014 1:07 pm

Local produce just tastes better, right? That perception is part of what's driving the rush of new farming ventures to supply cities with food grown nearby.

Some urban farmers are even experimenting with growing food a few blocks away from or even inside the grocery store. Call it über-local food.

Most of these new ventures are lead by idealistic entrepreneurs who want to part of the new food system. It's not yet clear whether they'll fit in for the long haul.

Read more
The Two-Way
3:28 pm
Fri May 23, 2014

Economist Piketty's Work Doesn't Add Up, 'Financial Times' Says

French economist and academic Thomas Piketty, in his book-lined office at the French School for Advanced Studies in the Social Sciences, in Paris, earlier this month.
Charles Platiau Reuters/Landov

Originally published on Fri May 23, 2014 4:16 pm

French economist Thomas Piketty became a publishing superstar this year by putting two and two together and concluding that the rich are getting richer.

His best-seller, Capital in the Twenty-First Century, uses mountains of data to calculate Western wealth over the past two centuries. He says the historical statistics, drawn from many sources, show unrestrained capitalism inevitably leads to immense income inequality.

Read more
Around the Nation
2:58 pm
Fri May 23, 2014

NTSB Raises New Concerns About Dreamliner's Lithium Ion Battery

Originally published on Fri May 23, 2014 4:04 pm

The National Transportation Safety Board is calling on the FAA to take another look at the safety of the battery used in its Dreamliners. The recommendations issued by the NTSB on Thursday call on the FAA to evaluate whether additional requirements and independent testing outside the aviation industry are needed on the lithium ion batteries used in the Boeing 787s. Incidents involving the batteries' failure caused the fleet to be grounded last year.

Read more
Race
9:35 am
Fri May 23, 2014

Does The 'Bamboo Ceiling' Shut Asian Americans Out Of Top Jobs?

Originally published on Fri May 23, 2014 10:18 am

Transcript

MICHEL MARTIN, HOST:

I'm Michel Martin, and this is TELL ME MORE from NPR News. We'd like to start the program today talking about a term you may or may not have heard; the bamboo ceiling, like the so-called glass ceiling, which refers to women who, despite their qualifications, don't seem to get to the top ranks of their fields. Bamboo ceiling refers to the barriers some Asian-American professionals believe that they face when trying to reach leadership roles in the workplace.

Read more
Energy
4:59 am
Fri May 23, 2014

Political Rhetoric Bogs Down Future Of Keystone XL Pipeline

Originally published on Fri May 23, 2014 5:52 am

Transcript

RENEE MONTAGNE, HOST:

It's MORNING EDITION from NPR News. I'm Renee Montagne.

STEVE INSKEEP, HOST:

And I'm Steve Inskeep. Good morning. Last month the Obama administration put off a decision on whether to approve the Keystone XL pipeline. The project has been enormously controversial. It would carry crude oil from Canada to the Gulf of Mexico. This morning we examine what's at stake for the oil industry and for energy production. Here's NPR's Jim Zarroli.

Read more
Business
3:39 am
Fri May 23, 2014

Summer Travel Season Expected To Heat Up

Originally published on Fri May 23, 2014 11:46 am

AAA predicts that more Americans will travel this Memorial Day weekend than any other since the start of the Great Recession. Those who do may find higher air fares but gas prices have leveled off.

Business
3:37 am
Fri May 23, 2014

France's Big Train Problem: New Fleet Too Wide For Platforms

Originally published on Fri May 23, 2014 5:52 am

Transcript

STEVE INSKEEP, HOST:

Somewhere in Paris, railways executives must be cursing in French. They ordered $4 billion worth of new trains. Turns out the trains are be too big to fit in many French train stations around the countries. Sacre bleu.

NPR's Eleanor Beardsley reports.

(SOUNDBITE OF TRAIN WHISTLE)

ELEANOR BEARDSLEY, BYLINE: Gleaming trains from across France pull into this Paris station. The decade-long modernization and expansion program is designed to handle the huge rise in passenger traffic across France.

Read more
Politics
3:03 am
Fri May 23, 2014

House Passes Measure Reining In Government Surveillance

Originally published on Fri May 23, 2014 5:52 am

Transcript

RENEE MONTAGNE, HOST:

One year ago, President Obama called to reshape the fight against terrorism and for more privacy protections as the government intercepts new types of information. Just days later, the extent of data collection by the NSA would be revealed by Edward Snowden. Yesterday, the House passed legislation reining in government surveillance.

NPR's David Welna reports.

Read more
The Two-Way
5:16 pm
Thu May 22, 2014

McDonald's CEO Says Fast-Food Jobs Can Lead To 'Real Careers'

Hundreds of workers, organizers and supporters gather outside McDonald's Corp. on Thursday, in Oak Brook, Ill., calling for $15 an hour and the right to unionize.
M. Spencer Green AP

As hundreds of protesters loudly demanded higher wages outside McDonald's headquarters in suburban Chicago, the company's CEO told an audience inside that the fast-food giant has a heritage of providing opportunities that lead to "real careers."

"We believe we pay fair and competitive wages," Donald Thompson said at the company's annual meeting on Thursday.

Read more
Shots - Health News
2:21 pm
Thu May 22, 2014

Insurance Fee For Big Businesses Helps Fund Obamacare

Employees lift weights near the end of a workout class at the Sherwin-Williams corporate health and wellness center in downtown Cleveland.
Sarah Jane Tribble / WCPN

Originally published on Thu May 22, 2014 4:46 pm

The world of health care, like any, is full of haves and have-nots.

It's not hard to the haves at Sherwin-Williams' corporate headquarters in downtown Cleveland where some 2,500 employees have access to an in-house health and wellness center.

The huge paint company offers comprehensive health coverage to its employees and encourages them to take a break from work for an exercise class, a workout on the elliptical trainer or a run on the treadmill.

Read more
Economy
11:25 am
Thu May 22, 2014

In Charge Of Nearly $20 Trillion, Are Women The New Global Players?

Transcript

MICHEL MARTIN, HOST:

I'm Michel Martin, and this is TELL ME MORE from NPR News. Now we'd like to talk about an overlooked economic force. We are talking about women. In recent years, a lot of advocates and activists have talked about the global economic importance of educating girls and women. But there's an aspect of this that seems to have been overlooked, and that is the financial education of women.

Read more
Around the Nation
11:25 am
Thu May 22, 2014

Poor People Can Pay Twice After Committing A Crime

Originally published on Thu May 22, 2014 2:43 pm

Transcript

MICHEL MARTIN, HOST:

We turn now to an unexpected consequence of getting caught up in the justice system. By now, many people know that getting involved in a criminal proceeding can be expensive. But they're probably thinking about attorneys' fees. What you might not know about - unless you've been there - are the other fees that are increasingly being charged to defendants when they go through court or to prison or receive probation or parole.

Read more
The Salt
7:50 am
Thu May 22, 2014

Amish Leave Pa. In Search Of Greener, Less Touristy Pastures

The tourism attracted by the Amish population in Lancaster, Pa., is now making it harder for Amish to maintain their traditional lifestyle. Some families are leaving the area as a result.
Mark Makela Reuters/Landov

Rolling pastures dotted with grazing cows, fields of corn and classic buggies driven by Amish in hats and bonnets — these are the images that attract visitors to Lancaster County, home to more than 30,000 of the Pennsylvania Dutch.

Read more
Business
4:09 am
Thu May 22, 2014

Fiat Is Tired Of losing Money On Its Electric Car

Originally published on Thu May 22, 2014 7:18 am

Transcript

RENEE MONTAGNE, HOST:

And our last word in business news today is a request from the CEO of Fiat Chrysler: Don't buy the Fiat 500e.

STEVE INSKEEP, HOST:

Chief executive Sergio Marchionne says he loses $14,000 every time his company sells that electric car. Even federal tax credits do not make it profitable. Demand simply has not pushed the price of the car high enough to recover the cost.

Read more
Business
3:12 am
Thu May 22, 2014

Online Gambling Dealt A Blow To State Expansion

Originally published on Thu May 22, 2014 7:18 am

Transcript

STEVE INSKEEP, HOST:

NPR's business news begins with a setback for online gambling.

(SOUNDBITE OF MUSIC)

INSKEEP: It's a multi-billion-dollar enterprise around the world. It's easy, addictive. You can do it anywhere. But Internet gambling is just getting started in the United States. It is only legal in a few states. Now the group representing the country's casino industry says it will no longer seek to expand online gambling here.

NPR's Cheryl Corley reports.

Read more
Planet Money
3:05 am
Thu May 22, 2014

On The Internet, A Penny Is Nothing To Sneeze At

Originally published on Thu May 22, 2014 7:18 am

Copyright 2014 NPR. To see more, visit http://www.npr.org/.

Transcript

RENEE MONTAGNE, HOST:

Read more
Economy
3:05 am
Thu May 22, 2014

Russian Economic Forum Boycotted Over Ukraine Crisis

Originally published on Thu May 22, 2014 7:18 am

Transcript

RENEE MONTAGNE, HOST:

This is MORNING EDITION from NPR News. I'm Renee Montagne.

STEVE INSKEEP, HOST:

And I'm Steve Inskeep. Each spring Russian president Vladimir Putin welcomes international business and political leaders to an economic forum in St. Petersburg. It started today and Putin told those who arrived that Russia is ready to do business, although it expects to be treated as an equal.

Read more
The Salt
1:29 am
Thu May 22, 2014

In A Coal Town Where Jobs Are Few, Wild Ramps Are Plenty

The wild leek, or ramp, is one of the first edibles to appear in spring in Appalachia.
Wendell Smith Flickr

Originally published on Thu May 22, 2014 7:18 am

The air in Richwood, W.Va., is saturated with the smell of ramps — a pungent, garlicky, peppery smell so strong that it eclipses almost everything else in the room. Under this smell there's the faint aroma of bacon grease, in which the ramps have been fried. They're served with brown beans and ham.

As hundreds of people wait in line for their meal, local songwriter John Wyatt plays his Richwood Ramp Song, including this verse:

Read more
All Tech Considered
4:04 pm
Wed May 21, 2014

For Automakers, Internet-Connected Cars Are A Balancing Act

General Motors says its OnStar 4G LTE connection will allow cars to act as a mobile Internet hub.
General Motors

Originally published on Wed May 21, 2014 7:21 pm

The Internet is coming to your car. Later this year, General Motors will put Internet connectivity directly into its vehicles. It's the largest auto company to do so.

Of course, safety advocates have some concerns about more distractions for drivers.

The promise of technology is always the same one — that it's going to make our life easier. But anyone who's tried to make a hands-free call in the car knows that's not always true. A task as simple as asking your device to call your mom can be an exasperating experience.

Read more
Economy
2:10 pm
Wed May 21, 2014

JPMorgan Chase Announces Detroit Investment

Originally published on Wed May 21, 2014 7:21 pm

JPMorgan Chase will invest $100 million into the Motor City. The bulk of the money will go to small business development, blight removal and job training. Michigan Radio's Sarah Hulett reports.

The Two-Way
11:23 am
Wed May 21, 2014

Saying It Was Hacked, EBay Urges Users To Change Passwords

Hackers broke into a database containing customer information, auction site eBay said Wednesday. The company is based in San Jose, Calif.
Paul Sakuma AP

Originally published on Wed May 21, 2014 6:20 pm

Online marketplace eBay says it was the target of a cyberattack in which hackers accessed a database of its encrypted passwords. The auction site says no financial data were revealed — but it's urging its users to update the passwords on their accounts.

EBay says that it hasn't seen any sign of fraudulent activity since the problem was first detected "about two weeks ago." It also said that it stores financial data and customer records in different places and that accounts of its direct-payment subsidiary, PayPal, were not affected by the data breach.

Read more
The Two-Way
8:14 am
Wed May 21, 2014

GM Announces Its 30th Recall Of The Year Thus Far

Originally published on Wed May 21, 2014 10:15 am

General Motors' recall problems continue to mount. On Wednesday, the automaker announced it was recalling 218,000 additional vehicles from its Chevrolet Aveo line.

The daytime running light system in the dashboard of cars from the 2004 to 2008 model years can overheat, melt and cause fires, The Associated Press reports.

Read more
Business
5:03 am
Wed May 21, 2014

General Motors Issues Another Major Recall

Originally published on Wed May 21, 2014 6:06 am

GM is recalling another 2.4 million cars and trucks. The vehicles have many problems involving seat belts, air bags and gear shifts.

Business
3:35 am
Wed May 21, 2014

Koch Brothers' Group Tries To Derail Detroit Bankruptcy Deal

Originally published on Wed May 21, 2014 6:06 am

Transcript

RENEE MONTAGNE, HOST:

Michigan lawmakers are debating a big aid package for Detroit, nearly $200 million. The city has been in bankruptcy court for almost a year. And until now, the state hasn't been willing to help it with anything that could be called a bailout.

While Michigan Governor Rick Snyder supports the current deal, many of his fellow Republicans appear to be balking, especially after a threat of political retribution from the Koch Brothers political network.

Michigan Radio's Sarah Cwiek reports.

Read more
NPR Story
3:22 am
Wed May 21, 2014

Cable Companies Are Among The Most Hated Industries In U.S.

Originally published on Wed May 21, 2014 6:06 am

Transcript

STEVE INSKEEP, HOST:

And today's last word in business is: Cable Rage.

Cable companies make up one of the most hated industries in America.

RENEE MONTAGNE, HOST:

And even among cable providers, one brand is despised above all others. A new survey of cable, satellite and other TV providers shows Time Warner Cable gets the lowest marks for consumer satisfaction.

Planet Money
3:22 am
Wed May 21, 2014

These Days A Penny Doesn't Buy Very Much

Originally published on Wed May 21, 2014 6:06 am

Transcript

RENEE MONTAGNE, HOST:

And let's go from billions to pennies. The penny occupies a strange spot on the economic landscape: It's worth almost nothing, but not quite. Tomorrow and today, our Planet Money team will be reporting on the penny, starting with this report from Robert Smith and Jacob Goldstein, who set out on the streets of Manhattan with a simple question: Can you buy anything for a penny?

ROBERT SMITH, BYLINE: We started with the guy who runs the fruit stand outside our office.

What if we wanted to buy one cherry?

Read more

Pages