Business

Economy
2:31 pm
Mon December 23, 2013

The President And A Majority of Americans Want A Minimum Wage Hike

Originally published on Tue December 24, 2013 11:16 am

Transcript

ROBERT SIEGEL, HOST:

Here's a number for you: 725. That's the minimum hourly wage in the United States, as set by the federal government. It hasn't budged in four-and-a-half years. President Obama is pushing to increase it. Some state and local governments are doing that on their own. As 2013 draws to a close, we're hearing about the year in numbers

Today, NPR's Scott Horsley on 725.

SCOTT HORSLEY, BYLINE: 725 is a number that Mary Coleman knows all too well.

MARY COLEMAN: I work at Popeye's here in Milwaukee. I make $7.25 an hour.

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Economy
2:29 pm
Mon December 23, 2013

1.3 Million Americans Prepare For Life After Unemployment Checks

Originally published on Thu December 26, 2013 8:52 pm

Transcript

ROBERT SIEGEL, HOST:

From NPR News, this is ALL THINGS CONSIDERED. I'm Robert Siegel.

American economic numbers have been stronger lately. Consumer spending rose in November, according to the Commerce Department today. Last week, there were strong growth numbers and unemployment in November sank to a five-year low, seven percent. For many Americans that is not reassuring. We'll hear in this segment about those who are still not working and those making minimum wage.

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Health Care
2:22 pm
Mon December 23, 2013

Insurers Dismayed Over Obamacare Rule Changes

Originally published on Mon December 23, 2013 3:56 pm

At the last minute, the Obama administration gave consumers more time to sign up for health insurance starting Jan. 1. People will now have until the end of Christmas Eve, giving them an additional day. The administration hopes a late surge of enrollments will boost numbers, which have lagged far behind expectations. The insurance industry is hoping the same thing. But it is also expressing dismay over recent changes to the law that allow some people to opt out of the individual mandate or purchase plans otherwise prohibited under the law.

Planet Money
1:43 am
Mon December 23, 2013

A Locked Door, A Secret Meeting And The Birth Of The Fed

J.P. Morgan: Not a pussycat.
Hulton Archive Getty Images

Originally published on Mon December 23, 2013 10:01 am

In 1907, the U.S. economy was in the grip of a financial crisis. Unemployment was up. The stock market was down.

People started panicking. They were lining up overnight to pull their money out of healthy banks. This can be deadly for an economy: Healthy banks have to shut down, businesses can't get credit, they lay people off, and the economy gets worse.

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Shots - Health News
1:27 am
Mon December 23, 2013

Colorado Takes Health Plans To People Shopping For Groceries

The Colorado health exchange van stops at a shopping center in Fort Collins.
Eric Whitney for NPR

Originally published on Mon December 23, 2013 9:38 am

Despite White House and state efforts to promote the Affordable Care Act, some people still don't have health insurance, or any idea how to sign up for it.

Take Corryn Young, a 32-year-old dental hygienist in Fort Collins, Colo. She knows she needs to get health insurance but is a little vague on the details.

"What my income would qualify me for, when I need to be signed up, what type of deductibles they have to offer — that kind of stuff overwhelms me," Young says.

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Energy
1:24 am
Mon December 23, 2013

Could Big Batteries Be Big Business In California?

Strong gusts in Palm Springs, Calif., generate plenty of energy, thanks to turbine farms. But being able to store all of that energy is just as important.
Kevork Djansezian Getty Images

Originally published on Mon December 23, 2013 9:12 am

The California Public Utilities Commission has called on utilities and private companies to install about $5 billion worth of batteries and other forms of energy storage to help the state power grid cope with the erratic power supplied by wind and solar energy.

The need to store energy has become urgent because the state is planning to get a third of its electricity from renewable sources by the end of the decade. And the shift in strategy could open up some big opportunities for small startups, including one called Stem.

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Business
12:30 am
Mon December 23, 2013

After Target's Data Breach, Customer Incentive Disappoints

Justin Sullivan Getty Images

Originally published on Mon December 23, 2013 7:06 am

Target is trying to get back in its customers' good graces after a massive data breach affecting some 40 million credit and debit account holders. The giant retail chain offered its customers a 10 percent discount over the weekend as an act of atonement, but business was said to be down anyway.

The breach affected customers who used their credit and debit cards at one of Target's 1,750 stores during a three-week period after Thanksgiving.

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Games & Humor
3:00 pm
Sun December 22, 2013

In The World Of Pinball, An Underdog Takes On The Giant

Originally published on Sun December 22, 2013 4:53 pm

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Economy
8:05 am
Sun December 22, 2013

Shark Attacks And Economic Growth: A Correlation Theory

Originally published on Sun December 22, 2013 12:33 pm

In studying the connection between economics and yearly trends in what he calls "shark-human interactions," shark attack expert George Burgess spotted a pattern. NPR's Rachel Martin asks Burgess about going to the beach.

The Salt
3:10 am
Sun December 22, 2013

Flying This Holiday? Here Are A Few Tips To Survive Airline Food

Dan Pashman of The Sporkful podcast suggests saucy pastas over meat: "They tend to hold up better to the chilling and reheating process."
iStockphoto

Originally published on Thu December 26, 2013 7:56 am

When you think about a scrumptious meal, airline food does not come to mind.

There are plenty of challenges to tasty airline meals, like the fact that many airlines now charge you for anything more than a tiny bag of chips and a plastic cup of non-alcoholic drink, at least on domestic flights. Plus, you can't cook on an airplane, so anything you're served has probably been chilled, then reheated. And flight delays certainly don't help with the freshness factor.

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The New And The Next
3:51 pm
Sat December 21, 2013

The Secrets Of Great Cooking And Great Business

Aya Brackett

Originally published on Sat December 21, 2013 8:28 pm

The online magazine Ozy covers people, places and trends on the horizon. Co-founder Carlos Watson joins All Things Considered regularly to tell us about the site's latest feature stories.

This week, Watson tells host Arun Rath about an Iranian-American chef hoping to bring basic cooking genius to the masses, and the "CEO Whisperer" who is a secret weapon for many powerful business leaders.

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Planet Money
3:01 pm
Fri December 20, 2013

Will A Computer Decide Whether You Get Your Next Job?

In an effort to hire better job candidates, some companies are replacing paper resumes with tests designed to collect big data from job applicants.
Mark Lennihan AP

Originally published on Sat December 21, 2013 4:46 pm

Xerox runs 175 call centers around the world. In all, the centers employ more than 50,000 customer service agents who deal with questions about everything from cellphone bills to health insurance.

Teri Morse, who is in charge of recruiting all those people, says the company had a problem: It was hiring people who just weren't a good fit.

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All Tech Considered
1:05 pm
Fri December 20, 2013

The 'Blacks In Tech' Series Wraps, But Let's Keep Talking

Omar Wasow founded BlackPlanet, one of the earliest social networks, but isn't as widely recognized as the founders of Facebook or Myspace.
Willi Wong

Editor's Note: As part of Tell Me More's three-week-long Twitter exploration of black innovators in the tech sector, digital lifestyle expert Mario Armstrong analyzed the tweets and the conversations going on under the hashtag #NPRBlacksinTech. The series wraps today. Below, he looks back on what we've learned.

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All Tech Considered
12:42 pm
Fri December 20, 2013

Week That Was: Bay Area Economy, NSA Ruling, Tech Execs In D.C.

President Obama and Vice President Biden met with tech executives at the White House on Wednesday.
Jim Watson AFP/Getty Images

Before we slow things down for the final two weeks of 2013 — you'll still get fresh stories and posts here, but at a slower clip — let's look back at tech in one of the last weeks of the year.

ICYMI

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Architecture
12:11 pm
Fri December 20, 2013

Makeover USA: Short, 'Dowdy' D.C. Considers High Heels

The skyline of Washington, D.C., including the Capitol building, Washington Monument, Lincoln Memorial and National Mall. The tall buildings in the distance are in Virginia.
Saul Loeb AFP/Getty Images

Originally published on Fri December 20, 2013 2:06 pm

The powers that be in Washington are typically, though certainly not always, wrestling with weighty issues.

Recently, they've also been debating height, and whether they prefer a stout, familiar dowager, or a taller, sleeker model.

Building heights, people: We're talking building heights in your nation's capital, where for more than a century the 1910 Building Height Act has kept the city's profile low.

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The Two-Way
10:22 am
Fri December 20, 2013

Yellen Nomination To Fed Clears Hurdle; Confirmation Likely

Janet Yellen, who is poised to move from the No. 2 to the No. 1 post at the Federal Reserve.
Alex Wong Getty Images

By a vote of 59-34 the Senate on Friday moved the nomination of Janet Yellen to be the next chairman of the Federal Reserve past a key procedural hurdle.

The vote invoked "cloture" — effectively preventing Republicans from filibustering President Obama's nominee.

Next up for Yellen's nomination: A confirmation vote, set for Jan. 6. With the Democratic caucus controlling 55 of the Senate's 100 seats, she's expected to get a majority and then become the first woman to head the central bank.

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Business
9:13 am
Fri December 20, 2013

U.S. Economy's 3rd-Quarter Growth Beats Projections

Transcript

DAVID GREENE, HOST:

NPR's business news begins with some good news on the economic front.

(SOUNDBITE OF MUSIC)

GREENE: The U.S. economy grew by 4.1 percent in the third quarter of the year, and that's significantly higher than the earlier projection of 3.6 percent. The upward revision comes mostly thanks to stronger consumer spending, and it is the fastest jump in growth in almost two years. Transcript provided by NPR, Copyright NPR.

The Salt
9:04 am
Fri December 20, 2013

They're Back! Chesapeake Oysters Return To Menus After Rebound

A plate of Sweet Jesus oysters grown in Chesapeake Bay by Hollywood Oyster Co. in Hollywood, Md.
Katy Adams Courtesy Clyde's Restaurant Group

Originally published on Fri December 20, 2013 10:44 am

The history of the Chesapeake Bay oyster hasn't always been a pure one. So you could forgive a chef for being skeptical about the big bivalve comeback being staged in D.C. and the surrounding area this winter as oyster season gets underway.

But many mid-Atlantic chefs are actually cheering. That's because a major public-private effort to re-establish the oyster as a quality local food product — as well as a weapon against water pollution — seems to be working.

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The Two-Way
7:18 am
Fri December 20, 2013

Economy Looks Better, At Least In Rearview Mirror

At a Ford plant in Michigan, workers load a battery into a Ford C-MAX plug-in hybrid vehicle. The economy picked up speed in the third quarter. Economists caution, though, that it may slow in coming quarters.
Bill Pugliano Getty Images

Originally published on Fri December 20, 2013 11:14 am

The U.S. economy expanded at a 4.1 percent annual rate in the third quarter, a significantly faster pace than first thought and its strongest showing since the end of 2011, the Bureau of Economic Analysis said Friday.

After each quarter, the agency spends the next three months reporting and revising its figures on gross domestic product growth.

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The Two-Way
6:19 am
Fri December 20, 2013

Health Care Rules Relaxed Again, 'Backlash' Follows

HealthCare.gov

Originally published on Fri December 20, 2013 8:06 am

  • From the NPR Newscast: Julie Rovner on the latest changes to the health care program (with an introduction from Jean Cochran)

Word from the Obama administration that Americans who recently had their health insurance canceled will be allowed to buy "catastrophic policies" mostly intended for young adults has upset the insurance industry, NPR's Julie Rovner tells our Newscast desk.

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Business
5:43 am
Fri December 20, 2013

Administration Offers A Stopgap Health Insurance Option

Originally published on Fri December 20, 2013 9:13 am

Transcript

DAVID GREENE, HOST:

NPR's business news starts with more changes to Obamacare.

(SOUNDBITE OF MUSIC)

GREENE: Millions of Americans facing canceled health insurance policies under the Affordable Care Act will no longer be fined for being uninsured in the new year. Instead, they can now enroll in basic coverage, previously available only to those with a hardship exemption.

Business
5:05 am
Fri December 20, 2013

Shop On The Web Or In The Store; Each Has Risks

A customer prepares to sign a credit card slip Thursday at a Target store in Miami. The giant retailer says 40 million payment cards nationwide may have been compromised by data theft.
Joe Raedle Getty Images

Originally published on Fri December 20, 2013 6:37 am

Back in ye olden days — say, a decade ago — many holiday shoppers worried about using credit cards to buy gifts online. They feared their information would end up in the hands of computer hackers.

Turns out, walking into a store and swiping a credit card can be plenty risky, too.

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NPR Story
4:31 am
Fri December 20, 2013

Hershey Buys Chinese Chocolate Company For $584 Million

Originally published on Fri December 20, 2013 9:13 am

Transcript

DAVID GREENE, HOST:

Nothing like a story about pizza to make you hungry. And then we bring you this, our last word in business, which is: Shanghai Golden Monkey. That's the Chinese candy maker that Hershey bought yesterday for almost $600 million.

STEVE INSKEEP, HOST:

Hershey is not monkeying around. It may hold the largest share of the U.S. chocolate market, but only a small share of candy sales overseas.

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Business
3:50 am
Fri December 20, 2013

More Retail Chains Cater To Last-Minute Holiday Shoppers

Originally published on Fri December 20, 2013 9:13 am

Transcript

STEVE INSKEEP, HOST:

OK. If you do Christmas shopping, time is running out. But starting today, Kohl's department stores want to help take some of the pressure off. For the first time ever, nearly all the retailers - more than 1,100 stores - will remain open 24 hours a day - 24 hours a day - five days straight. And this is a thing.

LaToya Dennis of member station WUWM reports.

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The Salt
1:35 am
Fri December 20, 2013

Deep Dish Or Thin Crust? Even Chicagoans Can't Agree

A server dishes up a slice of deep-dish pizza at Lou Malnati's Pizzeria in Chicago. The 1-1/2-inch thick legendary pie, loaded with sausage, mushrooms, pepperoni and onions, was invented in Chicago.
M. Spencer Green AP

Originally published on Fri December 20, 2013 9:13 am

The Daily Show's Jon Stewart recently ranted against Chicago-style deep-dish pizza.

"Let me explain something. Deep-dish pizza is not only not better than New York pizza — it's not pizza," said Stewart, calling it "tomato soup in a bread bowl. ... I don't know whether to eat it, or throw a coin in it and make a wish."

Some upset Chicagoans made their own wishes — which can't be repeated here.

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All Tech Considered
3:49 pm
Thu December 19, 2013

Outdated Magnetic Strips: How U.S. Credit Card Security Lags

The U.K., Canada and other countries have been using more secure chip credit cards for years now. Why hasn't the U.S. caught up?
Martin Keene PA Photos/Landov

Originally published on Mon December 23, 2013 11:47 am

Criminals may have stolen information from 40 million credit and debit cards used at Target. A possible weakness? The magnetic stripe on credit cards — which fraudsters can pull credit card numbers and expiration dates from to make counterfeit cards.

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The Salt
10:33 am
Thu December 19, 2013

Hold The Cheese: Israelis Sway Domino's To Make Vegan Pizza

Watch out Crazy Cheese: Vegan pizza is coming.
Dan Lev Domino's

In the U.S., Big Pizza is locked in a battle that's as much a testament to gluttony as it is to food science: How much cheese can you possibly stuff inside of wheat dough?

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Economy
10:25 am
Thu December 19, 2013

Why Congress Didn't Extend Unemployment Benefits

Transcript

MICHEL MARTIN, HOST:

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Economy
9:05 am
Thu December 19, 2013

The Washington Two-Step: Dancing Back To Normal

Senate Budget Committee Chairman Patty Murray, D-Wash., and House Budget Committee Chairman Paul Ryan, R-Wis., unveil a budget deal Dec. 10 in Washington.
Jonathan Ernst Reuters/Landov

Originally published on Thu December 19, 2013 11:24 am

Time and again, business leaders say the one thing they want out of Washington is more certainty.

But rarely do they get their wish.

In recent years, business owners have found themselves wondering whether their government would default on its debts, shut down national parks, change tax rules, cancel supplier contracts, confirm key leaders at federal agencies or hike interest rates.

Finally on Wednesday, they saw policymakers take two big steps toward a more certain future.

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The Two-Way
6:58 am
Thu December 19, 2013

Existing Home Sales Dip, But Prices Rise

A "sale pending" sign in front of a home in San Anselmo, Calif., earlier this year.
Justin Sullivan Getty Images

Originally published on Thu December 19, 2013 8:33 am

Update at 10:30 a.m. ET: The day's second major economic indicator is another good news/bad news report.

The good news is that prices of existing homes continue to rise, the National Association of Realtors says.

"The national median existing-home price for all housing types was $196,300 in November, up 9.4 percent from November 2012," according to NAR.

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