The world of newspapers was rocked Monday by news that Jeff Bezos, the founder and CEO of Amazon.com, is buying The Washington Post for $250 million. Bezos' purchase of the paper will bring to an end its association with the Graham family, which bought the Post in 1933.
The company is hoping the move will increase sales. The 2014 model of the plug-in car will now cost about $35,000 — more than 12 percent less than last year's model. Ford and Nissan have already reduced the prices on their electric cars.
With sizzling temperatures in much of the country, tourists are turning to mountain ski resorts to find relief. Resorts from Colorado to California and Oregon are on track to set a record this year for summer business.
Brandon Wilke is spending a long weekend at a resort just down the road from Aspen, Colo. He came for a wedding, but Wilke and his brother-in-law decided to bring their mountain bikes and try out some bike trails at the Snowmass ski resort. At first, Wilke says he didn't know mountain biking was an option.
Louis Marcell and Adam Jones prepare to search for old logs, known as sinker wood, on the bottom of Ashley River near Charleston, S.C. They use sonar and a book of old train lines to find the timber, some of which has been preserved in the mud since the 1800s.
Credit Courtesy of Heartwood South
A cypress log, dredged from a river in South Carolina, being milled for furniture and other uses. The rough bottom edge indicates that the tree was originally felled by ax.
On the Ashley River, a few miles south of Charleston, S.C., the water is murky and the marsh grass high. A three-man logging crew is cruising on a 24-foot pontoon boat. It's low tide and logs are poking out everywhere.
Hewitt Emerson, owner of the Charleston-based reclaimed wood company Heartwood South, is in charge. He's going to an old saw mill site, but won't say exactly where. He's heading to Blackbeard's Creek, he says, as in pirate Blackbeard — the early 18th century scourge of the seas.
Apple has been notoriously disinterested in Washington politics. But two decisions coming from the Obama administration in the past few days indicate that Washington is increasingly interested in Apple.
Originally published on Tue August 6, 2013 5:04 am
Silly me. I thought "rent-seeking" was something only landlords did.
But economists have their own way of looking at the world. To them, rent-seeking is a term for describing how someone snags a bigger share of a pie rather than making a pie bigger, as the venerable Economistexplains it.
So, a drugmaker can be seen as a rent-seeker if it cajoles doctors to prescribe more of a particular brand of medicine at the expense of a rival pharmaceutical company's wares.
E-books have strained the relations between libraries and the major publishing houses. Libraries say they're being cut out of the market because publishers are afraid they could lose money selling e-books to libraries. After much negotiation, the publishers are experimenting with new ways of doing business. But some libraries are already looking to bypass the high prices and restrictions that publishers place on e-books.
The World Trade Organization has ruled in favor of the U.S. in a long-standing trade dispute over allegations China unfairly imposed anti-dumping tariffs that restricted American poultry exports. China could appeal the WTO decision.
Originally published on Mon August 5, 2013 3:36 am
Saw mills are re-opening in Colorado and Wyoming after a long lull in the timber industry. They're harvesting and processing trees that have been killed by beetle infestation. Beetle killed wood is just as strong as regular wood.
Over the weekend, the Obama administration vetoed a ban on imports of older iPad and iPhone models. This kind of White House veto hasn't happened since 1987. The decision by the U.S. trade representative reverses a ruling by the International Trade Commission.
Fox Ranch, outside Yuma County, Colo., is a 14,000-acre nature preserve and working commercial cattle ranch. The ranch is used by the Nature Conservancy to put into practice its panned grazing technique.
Credit Luke Runyon / Harvest Public Media
Ecologist William Burnidge checks a map of Fox Ranch that details the different areas rancher Nathan Andrews can graze his cattle.
The world's soil is in trouble. Ecologists say without dramatic changes to how we manage land, vast swathes of grassland are at risk of turning into hard-packed desert. To make sure that doesn't happen, researchers are testing out innovative ways to keep moisture in the soil.
In eastern Colorado, one way could be in the plodding hooves of cattle.
Conventional wisdom tells you that if ranchland ground has less grass, the problem is too many cows. But that's not always the case. It depends on how you manage them, if you make sure they keep moving.
A Bay Area Rapid Transit (BART) train sits in the Rockridge station on Friday in Oakland, Calif. San Francisco Bay Area commuters were bracing for the possibility of a BART strike as a 30-day contract extension was set to expire Sunday at midnight.
It's finally happening, folks. This year, the average time Americans spend with digital media each day will surpass traditional TV viewing time. That's according to eMarketer's latest estimate of media consumption among adults.
The average adult will spend more than five hours per day online and on non-voice mobile activities (read: texting, apps, games). That's compared to an average four hours and 31 minutes each day of TV watching.
Originally published on Sat August 3, 2013 1:11 pm
The New York Times Co. has announced the sale of The Boston Globe to the principle owner of the Boston Red Sox for $70 million, a sum that represents a fraction of the $1.1 billion paid for the flagship newspaper two decades ago.
Employees and supporters demonstrate Monday outside of a Wendy's fast-food restaurant in New York City to demand higher pay and the right to form a union. Incomes have been stagnant, especially for minimum-wage workers.
This is TELL ME MORE from NPR News. I'm Michel Martin. Later today, we'll hear more about Pope Francis' recent visit to Brazil and we'll hear about why he made headlines around the world. That's in just a few minutes. But first, back here in this country, we want to hear about today's jobs numbers. One-hundred sixty-two thousand jobs were added last month, bringing the unemployment rate down to 7.4 percent. That's even below last month's report of 7.6 percent. The report also shows, though, that wages are going down for many workers.
Originally published on Thu August 8, 2013 3:01 pm
The Food and Drug Administration issued Friday the first legally binding rules for what food companies can legally label "gluten-free."
The rules should help millions of Americans who can't tolerate gluten in their diet.
Gluten is a protein in wheat, barley and rye. Bakers appreciate its gluey texture for making bread. But when people with celiac disease eat it, it causes their immune systems to attack their small intestines.
A man smokes marijuana outside Uruguay's parliament in Montevideo on Wednesday, where lawmakers in the lower house debated and passed a bill that would legalize marijuana and regulate its production and distribution.
The South American country's response to incessant drug-related violence in the region signals a quest for alternatives to the U.S.-led war on drugs, and a rethinking of official U.N. anti-drug policy, which has been in effect for more than half a century.
Originally published on Fri August 2, 2013 9:11 am
America's unemployment rate sank to 7.4 percent in July, a drop of two-tenths of a percent, the Bureau of Labor Statistics says in its monthly summary of the U.S. economic situation. But employers added 162,000 jobs last month, coming in below economists' expectations.
NPR's business news starts with new trouble for B of A.
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GREENE: In a regulatory filing yesterday, Bank of America revealed it may be facing civil charges over its activities during the financial crisis. The bank disclosed an investigation by the Department of Justice related to residential mortgage-backed securities. Bank of America says it's cooperating. Transcript provided by NPR, Copyright NPR.
The unemployment rate only includes people who don't have jobs and are looking for work. A much larger swath of people — about 36 percent of U.S. adults — don't have jobs and aren't looking for work at all. That figure is higher than it's been in decades (and, conversely, the share of adults in the labor force — shown in the graph above — is lower than it's been in decades).
Here are four reasons why so many people are leaving the labor force.
A couple of guys with serious investment banking experience are moving into the marijuana business. They've launched the first multimillion-dollar private equity fund devoted entirely to what they like to call the "cannabis space."
It started when Brendan Kennedy was working at the Silicon Valley Bank and learned of an entrepreneur who wanted to sell software for marijuana dispensaries. The idea piqued Kennedy's interest. A few days later, a radio show about legalizing pot piqued it even more.