Business

Business
5:12 am
Wed January 8, 2014

Butter Consumption Jumps To 40-Year High

The average American eats 5.6 pounds of butter — a 25 percent increase over the past decade. Its jump in popularity is due to an overall trend towards natural foods, and a "smear" campaign against processed butter alternatives.

The Salt
4:02 am
Wed January 8, 2014

A Cheesy Meltdown: Kraft Warns Of Velveeta Shortage

According to an AdvertisingAge report, Velveeta may be a little hard to come by in some areas over the next few weeks.
Paul Sakuma AP

Originally published on Thu January 9, 2014 11:24 am

If I say Super Bowl food, you think ... Velveeta? Maybe Velveeta with Ro*Tel.

Oh, yes. Ro*Tel's Famous Con Queso.

What could be more Sunday-in-January-indulgent than hot, creamy, processed cheese mixed with diced tomatoes & green chilies.

I have to admit, I've scooped up my share of con queso on a nacho chip or two.

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Business
3:18 am
Wed January 8, 2014

Intel Striving Not To Miss Next Wave Of Computing: Wearables

Originally published on Wed January 8, 2014 5:12 am

Intel was a powerhouse in the age of personal computing, making its revenues from powerful chips built into PCs. But it has largely missed the mobile computing revolution. With PC sales slumping, Intel is intent on becoming relevant in the next wave of computing — wearables.

Business
3:10 am
Wed January 8, 2014

Apple Reports $10 Billion In App Sales

Originally published on Wed January 8, 2014 5:12 am

In December alone, iPhone and iPad users spent $1 billion downloading virtual games and gadgets. Apple credits its new operating system for inspiring both new apps and redesigns of popular old ones.

NPR Story
3:10 am
Wed January 8, 2014

Former Banker Could Help Feds Learn More About Swiss Accounts

Originally published on Wed January 8, 2014 5:20 am

A Swiss banker has pleaded not guilty to charges he helped thousands of Americans evade paying their taxes. Raoul Weil was one of the top managers at UBS, a Swiss bank that helped nearly 20,000 Americans hide their assets in secret accounts.

Economy
1:29 am
Wed January 8, 2014

Kentucky County That Gave War On Poverty A Face Still Struggles

President Lyndon Johnson, on the porch of Tom Fletcher's cabin, listens to Fletcher describe some of the problems in Martin County, Ky., in 1964.
Bettmann Corbis

Originally published on Thu January 9, 2014 5:19 am

Fifty years ago today, President Lyndon Johnson stood before Congress and declared an "unconditional war on poverty in America." His arsenal included new programs: Medicaid, Medicare, Head Start, food stamps, more spending on education, and tax cuts to help create jobs.

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Business
4:36 pm
Tue January 7, 2014

Lindsey Vonn Is Out, But Some Advertisers May Still Win

Skier Lindsey Vonn in Vail, Colo., in November. Vonn's high profile has won her several lucrative commercial sponsors, including Red Bull, Procter & Gamble, Under Armour and Rolex, among others.
Doug Pensinger Getty Images

Originally published on Wed January 8, 2014 6:50 am

Lindsey Vonn's decision to sit out next month's Olympic Games because of a knee injury is surely a personal and professional disappointment for the Alpine skiing star. But Olympic athletes with Vonn's star power also mean big advertising dollars — and not competing in Sochi may create winners and losers among the skier's sponsors.

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All Tech Considered
3:39 pm
Tue January 7, 2014

Tech Fit For The Showroom, But The Runway Might Have To Wait

The Navigate Jacket from Wearable Experiments uses GPS navigation and a mapping app on the wearer's smartphone to signal directions. It's part of a new trend of wearable tech that some speculate will be a billion-dollar industry.
Rupert Kaldor Wearable Experiments

Originally published on Wed January 8, 2014 8:27 am

The human body is a limited piece of real estate.

For years, tech companies raced to make the smartphone a beautiful device with soft curves and bright screens. Now, the industry is racing to make clothes that free up your hands from the phone while still connecting you to streams of digital information.

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Business
12:19 pm
Tue January 7, 2014

JPMorgan Chase Settles Madoff Case For $1.7 Billion

Originally published on Wed January 8, 2014 4:56 am

JPMorgan Chase & Co. has agreed to pay $1.7 billion to settle criminal charges accusing the bank of ignoring obvious warning signs of Bernard Madoff's massive Ponzi scheme.

Code Switch
10:52 am
Tue January 7, 2014

8 Reasons Why The Rent Is Too Damn High

Housing costs keep climbing, and outpacing many people's ability to afford them. But the reasons why are complex and interrelated, which means it's a problem with no simple solution.
Kevin Dooley Flickr

Originally published on Tue January 7, 2014 4:09 pm

In the comments section of a recent Code Switch post, a reader named Aboubacar Ndiaye gave a long but thoughtful explanation for the many reasons why housing costs are rising, and why there's no easy solution to the problem. He was gracious enough to expand on his thoughts in this commentary.

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The Salt
9:57 am
Tue January 7, 2014

Smithfield Prods Its Pork Suppliers To Dump Pig Crates

Originally published on Tue January 7, 2014 2:55 pm

Smithfield, the world's largest hog and pork buyer, announced Tuesday that it's asking the independent farmers with whom it has contracts to get rid of stalls for pregnant sows to improve the animals' living conditions.

To nudge these farmers to make the changes to their facilities by 2022, Smithfield is offering to extend their contracts once they've converted their gestational stalls into group houses, which are generally considered more humane.

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Education
9:40 am
Tue January 7, 2014

How To Successfully Link GED Tests And Jobs

Originally published on Wed January 8, 2014 1:15 pm

Transcript

MICHEL MARTIN, HOST:

This is TELL ME MORE from NPR News. I'm Michel Martin. In a few minutes, we will hear from former Minnesota Vikings punter Chris Kluwe. He had a solid eight-year career in the NFL until he was released last year. Now he's saying in a newly released open letter that it was his support for same-sex marriage off the field, not his performance on it, that cost him his job. He'll tell us more about why he thinks that in just a few minutes.

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The Two-Way
7:47 am
Tue January 7, 2014

JPMorgan Chase To Pay $1.7 Billion To Madoff Victims

Bernard L. Madoff in 2009.
Timothy Clary AFP/Getty Images

Originally published on Tue January 7, 2014 2:30 pm

After striking a deal with federal prosecutors, JPMorgan Chase has agreed to pay $1.7 billion to the victims of Bernard Madoff's multibillion-dollar Ponzi scheme.

The bank will be criminally charged with two violations of the Bank Secrecy Act and will admit to the violations. But under the agreement, the bank will receive a deferred prosecution.

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The Two-Way
6:12 am
Tue January 7, 2014

Senate Votes To Move Ahead On Extending Unemployment Benefits

President Obama listens as Katherine Hackett of Moodus, Conn., speaks during an event in the East Room of the White House in Washington, on Tuesday.
Susan Walsh AP

Originally published on Tue January 7, 2014 11:25 am

This post was updated at 12:00 p.m. ET.

A three-month extension of federal unemployment benefits for 1.3 million jobless Americans won a key procedural vote in the Senate on Tuesday.

The 60-37 vote indicates there's enough Republican support to move the Emergency Unemployment Compensation, which expired on Dec. 28, forward to a full vote. As The Associated Press writes, the measure "is the leading edge of a Democratic program that also includes raising the minimum wage and closing tax loopholes on the wealthy and corporations."

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Business
6:01 am
Tue January 7, 2014

Microsoft Reveals 'Epic' Xbox Sales

Originally published on Wed January 8, 2014 4:56 am

Transcript

DAVID GREENE, HOST:

NPR's business news starts with console sales.

(SOUNDBITE OF MUSIC)

GREENE: Microsoft announced sales of its new Xbox One topped three million units by the end of 2013. In a blog post, the company called it the most epic launch of Xbox, by all measures.

The third-generation console was available a week before Thanksgiving. It's been competing with Sony's new baby, Playstation 4, which also launched in November. Transcript provided by NPR, Copyright NPR.

Business
2:59 am
Tue January 7, 2014

Class Trumps Race When It Comes To Internet Access

Smartphones offer a way for lower-income people who don't have broadband access at home to connect to the Internet.
iStockphoto

Originally published on Wed January 8, 2014 4:56 am

A new study from the Pew Research Center finds that age and income play a larger role than race when it comes to high-speed Internet access. Lower-income African-Americans often buy smartphones to compensate for not having a broadband connection at home. Smartphones, however, may not be enough.

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Business
2:59 am
Tue January 7, 2014

In 2012, Health Care Costs Grow More Slowly Than U.S. Economy

Originally published on Wed January 8, 2014 4:56 am

Transcript

RENEE MONTAGNE, HOST:

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

DAVID GREENE, HOST:

I'm David Greene.

We have been hearing for, well, what feels like forever about skyrocketing health care costs. It's at the center of debates in Washington and state capitals. And many people feel the impact on their wallets and pocketbooks. But here's this reality: Spending on health care, while still going up, appears to be rising more slowly. 2012 was the fourth straight year of modest growth.

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NPR Story
2:59 am
Tue January 7, 2014

Colo. Marijuana Merchants Forced To Deal Mostly In Cash

Originally published on Wed January 8, 2014 4:56 am

Transcript

RENEE MONTAGNE, HOST:

And today's last word in business today is: cash only.

Colorado's retailers may be allowed to sell marijuana now, but under federal law, the state's banks cannot knowingly do business with them.

DAVID GREENE, HOST:

This has forced marijuana merchants in the state to operate almost solely in cash. Denver's city council, not happy. They called yesterday for Washington to change the law.

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All Tech Considered
12:56 am
Tue January 7, 2014

In Gaming, A Shift From Enemies To Emotions

The game That Dragon, Cancer is an interactive memoir about raising a child with pediatric cancer.
That Dragon, Cancer

Originally published on Wed January 8, 2014 4:56 am

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The Two-Way
4:47 pm
Mon January 6, 2014

Senate Confirms Janet Yellen As Federal Reserve Chair

The Senate has approved Janet Yellen as the next head of the Federal Reserve. At a ceremony commemorating the Fed's centennial last month, Yellen sat with (from left-to-right) former chairmen Paul Volker and Alan Greenspan, and current Fed leader Ben Bernanke.
Mark Wilson Getty Images

Originally published on Mon January 6, 2014 5:13 pm

The Senate has voted to approve the nomination of Janet Yellen as the next leader of the U.S. Federal Reserve. With Monday's vote, Yellen, 67, will become the first woman to serve as America's banking chief, heading an institution that was established in 1913.

Update at 6:31 p.m. ET: Some Senators Left Out

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All Tech Considered
4:21 pm
Mon January 6, 2014

CES 2014: Toothbrush? Bed? Car? Put Some Internet On It

The Kolibree toothbrush, billed as the world's first Internet-connected toothbrush, monitors dental hygiene.
Robyn Beck AFP/Getty Images

Originally published on Tue January 7, 2014 9:18 am

The International Consumer Electronics Show is nothing less than a gadget-lover's dream.

Every year thousands of companies from all over the world flock to Las Vegas in the first week in January to show off the products they hope to sell in the coming year. What began as a trade show featuring the latest high-fidelity stereos 40 years ago has become an annual electronics circus.

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The Two-Way
12:16 pm
Mon January 6, 2014

Boeing Delivers Record Number Of Jetliners In 2013

A Boeing 787-9 lands after its first flight on September 17, 2013 at Boeing Field in Seattle, Washington. The aircraft maker delivered 65 of the new jetliners last year.
Stephen Brashear Getty Images

Boeing delivered a record 648 commercial jetliners last year, including 65 of its newest 787s and also had a record backlog of 5,080 unfulfilled orders.

The 2013 deliveries were expected to keep Boeing in the No. 1 slot for the second year, nudging out rival Airbus, which is expecting to report 620 deliveries.

"The Boeing team performed extremely well in 2013," CEO Ray Conner said.

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Around the Nation
10:42 am
Mon January 6, 2014

Stories To Watch In 2014

Transcript

MICHEL MARTIN, HOST:

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Economy
10:42 am
Mon January 6, 2014

Global Youth Unemployment: Ticking Time Bomb?

Transcript

MICHEL MARTIN, HOST:

Switching gears now. Unemployment for young people is another one of those contentious political issues as well as a burden for people living through it. Overall, the unemployment rate in the U.S. is just over 7 percent, but for younger workers it's much higher. For some young workers or would-be workers in sub-groups like black teens, unemployment is at depression levels. But what you might not know is that youth unemployment is a global concern.

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Politics
10:42 am
Mon January 6, 2014

Reframing The Immigration Conversation For 2014

Transcript

MICHEL MARTIN, HOST:

I'm Michel Martin and this is TELL ME MORE from NPR News. Coming up, high unemployment in the U.S. is an ongoing political issue - one reason lawmakers right now are starting to talk about extending long-term unemployment benefits. But younger workers have been particularly hard hit during the world-wide economic slowdown. We're going to take a look how youth unemployment around the world is affecting political discussions. That's in just a few minutes.

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Law
10:28 am
Mon January 6, 2014

In One Man's Story, Two Sides Of The Immigration Debate

Originally published on Mon January 6, 2014 10:42 am

Transcript

MICHEL MARTIN, HOST:

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Business
6:03 am
Mon January 6, 2014

Senate To Vote On Yellen's Fed Nomination

Transcript

DAVID GREENE, HOST:

NPR's business news starts with a change of guard at the Fed.

(SOUNDBITE OF MUSIC)

GREENE: The Senate is set to vote on Janet Yellen's nomination today. She is President Obama's pick to succeed Ben Bernanke as the chairman of the Federal Reserve. If Yellen is confirmed as expected, she'll take over for Bernanke at the end of this month.

NPR Story
5:14 am
Mon January 6, 2014

Australian Olympic Athletes Face Social Media Ban

Originally published on Mon January 6, 2014 6:03 am

Transcript

DAVID GREENE, HOST:

OK. Our last word in business is: ski tweeting. Is that really a thing?

Well, the Australian Olympic Committee has placed a social media ban on its athletes at the Sochi Winter Games coming up in Russia. Tweeting, Facebooking and Snap-chatting join partying as officially forbidden activities.

Winter athletes can thank their summer colleagues for the new social media ban. The country's Olympic committee came up with the rule after a disappointing showing by the Australian swim team during the London Summer Games.

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Research News
4:36 am
Mon January 6, 2014

'Save To Win' Makes Saving As Much Fun As Gambling

Originally published on Mon January 6, 2014 6:03 am

Transcript

DAVID GREENE, HOST:

As far as New Year's resolutions go, saving more money is often a popular one. Actually being able to do that - well, we know how that story usually ends. But researchers may have come up with a winning method. NPR's social science correspondent Shankar Vedantam, we are all ears.

SHANKAR VEDANTAM, BYLINE: Carolann Broekhuizen is a retired life insurance claims examiner. She lives in Waterford, Michigan. Whenever she has a little extra money, there are some things she likes to do.

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Economy
4:26 am
Mon January 6, 2014

Tough To Make Ends Meet Even With Unemployment Benefits

Originally published on Mon January 6, 2014 6:03 am

Congress returns to Washington this week, and Senate Majority Leader Harry Reid has pledged the first item on the agenda will be restoring long-term unemployment benefits. Those benefits expired last week, and an estimated 1.3 million people stopped receiving checks.

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