Business

All Tech Considered
3:22 am
Thu December 12, 2013

Amid Cuts And Tax Hikes, Tech Companies Get Love in Ireland

Tech companies around the world have set up shop in the financial district in Dublin, Ireland.
Peter Muhly AFP/Getty Images

Originally published on Thu December 12, 2013 6:47 am

Ireland is about to become the first European country to emerge from an international bailout in the wake of the financial crisis. Like other European countries, Ireland has been in a period of austerity — higher taxes and more cutbacks.

The nation's technology sector has been protected, however, as Ireland makes a concerted effort to attract foreign businesses through tax incentives and development programs.

But Ireland's methods have also been criticized — locally and internationally.

Apple In Ireland

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Code Switch
3:22 am
Thu December 12, 2013

Shifting Gears To Make Bike-Sharing More Accessible

Bike-sharing is increasingly popular. But those who need it most often have the least access to it.
Meredith Rizzo NPR

Originally published on Thu December 12, 2013 11:51 am

This story is part of a project on commuting in America.

Millions of commuters across the country have a new way to get around. In the past few years, bike-sharing systems have popped up from Boston to Minnesota to Washington, D.C. They're supposed to make commuting easier, greener and cheaper. But the people who arguably need these bikes the most are often the least likely to access them.

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Movie Interviews
3:22 am
Thu December 12, 2013

At 90, Disney Animation Nowhere Near Drawing To A Close

When it premiered in 1937, Walt Disney's Snow White and the Seven Dwarfs was the first feature-length animated movie to hit theaters. This year is the 90th anniversary of Disney animation.
PRNewsFoto/Walt Disney Studios Home Entertainment

Originally published on Thu December 12, 2013 7:50 am

This year marks a milestone in the world of make believe.

Walt Disney Animation Studios is celebrating its 90th anniversary, a history spanning scores of classic films and a menagerie of beloved characters.

Walt Disney's world has grown a bit larger since it acquired Pixar — the company behind hits like Finding Nemo and Monsters, Inc.

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Latin America
3:22 am
Thu December 12, 2013

Mexico's Patron Saint Is Also Its Hello Kitty

The Virgencita Plis character from Distroller in Mexico.
Distroller

Originally published on Thu December 12, 2013 6:52 pm

In Mexico, Dec. 12 is the day to celebrate the country's most revered religious icon: the Virgin of Guadalupe.

As many as 6 million pilgrims have made their way to the Mexican capital to pay homage to the country's patron saint on Thursday, and one woman has taken her devotion of the Virgin and turned it into a multimillion-dollar company.

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Shots - Health News
3:22 am
Thu December 12, 2013

High Insurance Rates Anger Some Ski-Country Coloradans

Early December brought a foot of fresh powder to the resorts of Vail, Colo., but some residents are still steaming.
Zach Mahone, Beaver Creek Resort AP

Originally published on Fri December 13, 2013 12:36 pm

Some of the biggest ski resorts anywhere lie in U.S. Rep. Jared Polis' Colorado district, dotting the peaks of Summit and Eagle counties, about a hundred miles west of Denver. The area has a high rate of uninsured people and also, it turns out, health plans that are much more expensive than similar plans in surrounding regions. So expensive that Polis, a Democrat, has asked the federal government to exempt some of his constituents from the requirement to buy health insurance.

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Planet Money
10:43 pm
Wed December 11, 2013

We Found This 20-Year-Old T-Shirt In Kenya. The Internet Found The Original Owner

Tshirt
Quoctrung Bui

Originally published on Wed December 11, 2013 10:46 pm

We recently published a story about how used clothes that get donated in the U.S. often wind up for sale in markets in Africa. As part of the story, we published some photos of used T-shirts we found in a couple of markets in Kenya.

One shirt in particular caught our eye:

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The Two-Way
4:09 pm
Wed December 11, 2013

Extended Unemployment Benefits On Track To Expire Dec. 28

A prospective job seeker gets information at a job resource fair for military veterans in Van Nuys, Calif., on Oct. 24.
Frederic J. Brown AFP/Getty Images

Originally published on Wed December 11, 2013 7:38 pm

Unless Congress acts very quickly, some 1.3 million workers will lose their extended jobless benefits on Dec. 28.

Democrats were scrambling late Wednesday to link an extension of benefits to a budget deal that is expected to get a vote as soon as Thursday. But if the effort fails, they will come back at it in 2014.

"We're going to push here after the first of the year for an extension of emergency unemployment insurance when the Senate convenes after the new year," Senate Majority Leader Harry Reid, D-Nev., said on Wednesday.

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Code Switch
2:46 pm
Wed December 11, 2013

A Midwestern Meatpacking Town Welcomes Immigrants

Binh Hua (left) and My Nguyen, both 18, work in the Garden City Community College chemistry lab. Both of their parents are employed by the Tyson Foods plant in Garden City, Kan.
Peggy Lowe Harvest Public Media

Originally published on Wed December 11, 2013 7:42 pm

Meatpacking plants used to be located in urban centers like Kansas City and Chicago. Over the past few decades, many plants have moved to rural Midwestern towns, which have seen a huge influx of immigrants as a result. Yesterday, we reported on tiny Noel, Mo., which has struggled to help assimilate the newcomers who work at a large poultry plant.

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Law
9:46 am
Wed December 11, 2013

No Cake For You: Saying 'I Don't' To Same-Sex Marriage

A Colorado judge recently ordered Jack Phillips, owner of Masterpiece Cakeshop, to serve gay couples, after he refused to make a cake for a same-sex wedding.
Lindsay Pierce Denver Post via Getty Images

Originally published on Wed December 11, 2013 2:15 pm

There were a few snickers when a Colorado state judge ruled that a baker has to produce wedding cakes for gay couples even though he opposes same-sex marriage on religious grounds.

A cake? What's the big deal?

But the decision, handed down late last week, is just the latest slice in a debate that has gone front burner with gay marriage now legalized in 16 states, and counting.

Can individual businesspeople like Jack Phillips of Masterpiece Cakeshop in suburban Denver be compelled to provide wedding (or commitment ceremony) goods and services to gay couples?

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The Two-Way
9:39 am
Wed December 11, 2013

Lululemon Bets New Leaders Will Help It See Through Woes

Lululemon clothes at a store in Pasadena, Calif.
Kevork Djansezian Getty Images

Originally published on Wed December 11, 2013 10:27 am

Yoga clothier Lululemon began the year with an embarrassing problem — pants that allowed way too much of women's bottoms to be seen through their sheer fabric.

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The Salt
9:08 am
Wed December 11, 2013

Robots Could Help Farmers Rein In Fertilizer Pollution

Rowbot is designed to fit in between the rows of crops. Moving up and down each row, a fleet of 20 bots could fertilize and monitor the corn crops during the growing season.
Courtesy of Kent Cavender-Bares

Originally published on Wed December 11, 2013 10:00 am

Lately, robots have been taking over all kinds of jobs that humans used to do on the farm — from thinning lettuce to harvesting spinach.

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Business
4:56 am
Wed December 11, 2013

NYC Subway's Tardy Notes Take Off

Originally published on Wed December 11, 2013 8:10 am

New York's Metropolitan Transportation Authority says it provided over 8,000 subway delay verifications to commuters in October.

Business
4:56 am
Wed December 11, 2013

It's The End Of The Road For VW's Iconic Van

Originally published on Wed December 11, 2013 8:10 am

The iconic Volkswagen van goes out of production this month in Brazil because of new government-imposed safety requirements. Some of the last of the hippy buses are now rolling off the line.

Business
4:56 am
Wed December 11, 2013

GM's New CEO Marks A Return To Tradition

Originally published on Wed December 11, 2013 8:10 am

Transcript

RENEE MONTAGNE, HOST:

And here's even bigger news from General Motors, it has chosen a woman as its next chief executive officer, a first in America's auto industry. She's an engineer at the company insider - which could be a lot more important to GM's future than her gender.

Michigan Radio's Tracy Samilton reports.

TRACY SAMILTON, BYLINE: Mary Barra follows in the wake of two CEOs from outside the auto industry. Dan Akerson ran a large private equity fund before taking the helm of GM. Before him, it was Ed Whitaker - a telecommunications guy.

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Business
4:56 am
Wed December 11, 2013

GM Plans To Leave Australia

Originally published on Wed December 11, 2013 8:10 am

General Motors says high costs and a small market were behind its decision to stop making cars in Australia by 2017. This is fueling fears Toyota will follow suit, effectively killing Australia's auto industry. The GM move could see up to 40,000 auto workers lose their jobs.

The Salt
4:14 pm
Tue December 10, 2013

Congressional Work On Farm Bill Likely To Spill Into 2014

Senate Agriculture Committee Chairwoman Sen. Debbie Stabenow, D-Mich., and House Agriculture Committee Chairman Rep. Frank Lucas, R-Okla., during a Dec. 4 break in negotiations on the farm bill. On Tuesday, Stabenow said the bill likely won't pass Congress until January.
J. Scott Applewhite AP

Originally published on Tue December 10, 2013 5:14 pm

House and Senate negotiators working to finish a farm bill say it is unlikely their work will be completed before the end of the year. The House is only in session for the rest of the week, and according to one of the negotiators, this week's snowy weather has delayed some numbers-crunching needed to figure out how much elements of a possible deal will cost.

"We're going to pass it in January," said Senate Agriculture Committee Chairwoman Debbie Stabenow, D-Mich., as she left a closed-door meeting to negotiate details of the five-year farm bill.

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Money Coach
3:47 pm
Tue December 10, 2013

Skip The Dealer: 'There's Gold In Those Jalopies'

Transcript

CELESTE HEADLEE, HOST:

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Business
3:30 pm
Tue December 10, 2013

GM's New CEO Will Be First Woman To Drive A Major Car Company

Originally published on Wed December 11, 2013 10:30 am

Transcript

MELISSA BLOCK, HOST:

From NPR News, this is ALL THINGS CONSIDERED. I'm Melissa Block.

AUDIE CORNISH, HOST:

And I'm Audie Cornish.

It's been a big week for General Motors and it's only Tuesday. Yesterday, the Treasury Department sold off its remaining shares in the auto giant. That ends one of the most tumultuous periods in company history. Now, GM turns a page with a new CEO, Mary Barra.

As NPR's Sonari Glinton reports, she will become the first woman CEO of a major automaker.

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Business
2:29 pm
Tue December 10, 2013

Volcker Rule Sets Tough Standards, High Regulatory Expectations

Originally published on Wed December 11, 2013 10:30 am

Transcript

AUDIE CORNISH, HOST:

For more on just how the Volcker rule will work and how it will be enforced, we're joined by Simon Johnson. He's professor at the MIT Sloan School of Management, and he's a member of the FDIC's systemic resolution advisory committee. Welcome to the program.

SIMON JOHNSON: Thanks for having me.

CORNISH: So let's talk more about proprietary trading. Give us some specific examples of this.

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Business
2:29 pm
Tue December 10, 2013

Regulators Tighten Bank Rules To Curb Risky Wall Street Trades

Originally published on Wed December 11, 2013 10:30 am

Transcript

AUDIE CORNISH, HOST:

From NPR News, this is ALL THINGS CONSIDERED. I'm Audie Cornish.

MELISSA BLOCK, HOST:

And I'm Melissa Block.

Federal regulators today approved a tough new set of restrictions on the kinds of trading that banks can do. The so-called Volcker rule largely prohibits FDIC-protected banks from trading securities for their own financial gain. It's part of the Dodd-Frank overhaul passed three years ago.

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Code Switch
2:29 pm
Tue December 10, 2013

In A Small Missouri Town, Immigrants Turn To Schools For Help

Abbie Fentress Swanson Harvest Public Media

Originally published on Wed December 11, 2013 10:30 am

This story comes to us from Harvest Public Media, a public radio reporting project that focuses on agriculture and food production issues. You can see more photos and hear more audio from the series here. Wednesday, we'll have a story from a meatpacking plant in Garden City, Kan., which takes a proactive stance toward its newest immigrants.

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Shots - Health News
2:21 pm
Tue December 10, 2013

To Fight Meningitis Outbreak, Princeton Tries European Vaccine

The Ivy League school has begun vaccinating nearly 6,000 students to try to stop an outbreak of type B meningitis in an unusual federal government-endorsed administration of a drug not generally approved for use in the U.S.
Mel Evans AP

Originally published on Tue December 10, 2013 2:49 pm

Princeton University has started vaccinating students against type B meningitis in an effort to stop an outbreak that's infected at least eight people.

The vaccine isn't approved for general use in the United States, though it is available in Europe, Australia and Canada. But the meningitis strain that hit the New Jersey campus isn't fazed by the vaccines typically used in the U.S. The Food and Drug Administration is allowing a Novartis vaccine that's usually sold in other countries to be administered on the Princeton campus.

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Business
2:04 pm
Tue December 10, 2013

GM Gives A Woman The Keys To Drive Its Future

Mary Barra speaks at the North American International Auto Show in Detroit earlier this year. General Motors has picked her to lead the company.
Rebecca Cook Reuters/Landov

Originally published on Tue December 10, 2013 3:29 pm

She's not the first woman to head a global corporation.

Ginni Rometty runs IBM, and Indra Nooyi heads PepsiCo. Don't forget Ursula Burns at Xerox and Meg Whitman at Hewlett-Packard. There's Marissa Mayer at Yahoo.

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The Two-Way
1:06 pm
Tue December 10, 2013

Regulators Approve Rule To Rein In Banks' Risky Trades

President Obama with Paul Volcker at the White House in 2009. Volcker, who headed the President's Economic Recovery Advisory Board, lent his name to a new rule aimed at curbing risk-taking on Wall Street.
Brendan Smialowski Getty Images

Originally published on Tue December 10, 2013 6:33 pm

The Volcker rule, a centerpiece of the 2010 Dodd-Frank financial law aimed at stopping some of the risky banking practices that contributed to the economic meltdown, was approved by five key regulators on Tuesday, clearing the way for its implementation.

The U.S. Commodity Futures Trading Commission became the fifth and final body to approve the rule. The Federal Reserve and the Federal Deposit Insurance Corp. were also among the agencies that gave the green light.

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Code Switch
12:53 pm
Tue December 10, 2013

When Buying A Home Is Too Costly And The Rent Is Too Damn High

Jimmy McMillan ran for governor of New York state in 2010 as the candidate from the Rent is 2 Damn High party. (Party platform: The rent is too damn high!) The cost of renting a home is swallowing an ever larger portion of Americans' incomes.
Kathy Kmonicek AP

Originally published on Tue December 10, 2013 3:50 pm

Back in 1995, more than half of all people of color rented their homes — almost twice the proportion of white renters. Then the Clinton administration pushed policies to bolster homeownership rates, and those numbers began a gradual, decade-long decline. The number of people of color renting fell below 50 percent. This coincided with an increased willingness by lenders to extend credit including to subprime borrowers.

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Planet Money
10:19 am
Tue December 10, 2013

Do Americans Spend More On Video Games Or Movies?

PricewaterhouseCoopers

Originally published on Tue December 10, 2013 11:34 am

Americans spend more on video games than on tickets to the movies. Grand Theft Auto V was the fastest-selling entertainment product of all time, with sales of $1 billion in just three days.

But when you factor in everything — not just movie tickets, but on demand, rentals, etc. — Americans still spend way more on movies than they do on video games.

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Business
10:11 am
Tue December 10, 2013

Volcker Rule Aims To Rein In Banks' Risky Trades

American bank regulators unveiled the final version of the so-called Volcker Rule, which prohibits banks from trading stocks, bonds and derivatives for their own accounts. For more, Steve Inskeep speaks to NPR's Jim Zarroli.

Your Money
9:59 am
Tue December 10, 2013

Maximize Your Cash Flow By Selling Your Stuff

Transcript

CELESTE HEADLEE, HOST:

This is TELL ME MORE from NPR News. I'm Celeste Headlee. If your wallet's already hurting this holiday season, we're going to spend the next part of the program helping you out a little. In a few minutes, we'll find out how to make the most money selling your used car. But first, some financial experts say if you're looking for extra cash, look no further than common things in your own house.

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Economy
9:59 am
Tue December 10, 2013

Puerto Rico Bound For Bailout?

Transcript

CELESTE HEADLEE, HOST:

This is TELL ME MORE from NPR News. I'm Celeste Headlee. Michel Martin is away. We're going to spend some time today talking about money. In a few minutes, we'll ask how you can make some extra cash by selling either the junk around your house or the junker in your driveway.

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Business
5:29 am
Tue December 10, 2013

China's November Growth Adds To Hope For Global Upturn

Originally published on Tue December 10, 2013 10:11 am

Transcript

RENEE MONTAGNE, HOST:

NPR's business news begins with signs of a Chinese revival.

(SOUNDBITE OF MUSIC)

MONTAGNE: The latest economic numbers out of China are adding to hope for a global economic upturn. Growth figures for November show China's factory output is up 10 percent from a year ago, and exports are up almost 13 percent. That rebound has been helped by a boost in demand for Chinese goods in the United States and the European Union in the lead-up to the holiday shopping season. Transcript provided by NPR, Copyright NPR.

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