Some of the nation's largest pharmaceutical companies have dramatically reduced payments to health professionals for promotional speeches amid heightened public scrutiny of such spending, a ProPublica analysis shows.
Eli Lilly & Co.'s payments to speakers dropped by 55 percent, from $47.9 million in 2011 to $21.6 million in 2012.
Pfizer's speaking payments fell 62 percent over the same period, from nearly $22 million to $8.3 million.
Right now, information about the kind of purchases you make, the prescriptions you pay for, the stores and websites you frequent, it's all gathered up by data brokers. That data profile is then bought and sold, and the price is a lot lower than you might think. While your age, income, race, and other factors play a role, the cost of an individual profile is just a fraction of a penny. So what makes the data brokerage industry big business?
Today's last word is a remembrance of chief investment officer Joseph A. Dear.
He headed the largest public pension fund in the country, the California Public Employees Retirement System, also known as CalPERS. When Dear joined the company in 2009, CalPERS had suffered brutal losses during the Great Recession - nearly $100 billion in losses. Dear turned the fund around, rebuilding it, ultimately recovering those losses. Last year, the fund earned a 16.2 percent return.
Electronic cigarette makers are getting bold with their advertising, using provocative new print ads and celebrity endorsements on TV. But public health advocates say these images are luring kids to hook them on nicotine.
In northern Nevada, a place famous for its wide, open spaces and expansive cattle operations, ranchers are in a bind due to the historic drought.
Much of the state is desert, so when people talk about drought, they're really talking about the snowpack in the Sierra Nevada. It's at barely 20 percent of average.
This is a huge concern for farmers and ranchers like Julie Wolf, because the mountains store the snow that melts and feeds rivers and reservoirs. These bodies of water then allow the desert to bloom with grass and alfalfa for her cattle.
Originally published on Sun March 2, 2014 10:07 am
For real estate agents, March Madness has begun.
The rush is on to throw out clutter, paint walls and clean carpets. Historic data show the peak time for selling homes is April through July, and that means this is the month for spring cleaning.
"Freshen up the landscape and add that mulch now," Dallas Realtor Jeff Duffey recommended in a phone interview. "Get your over-sized furniture out of the small bedroom and put more lamps in that dark room."
The economy has a lot riding on how well people obey Duffey's marching orders.
It's time for your weekly look back at technology and culture coverage from NPR and beyond. A quick guide, for first-time readers: Our NPR interviews or stories are in the ICYMI section, links to the broader conversations in tech this week are in "The Big Conversation" and links we loved are in "Curiosities."
Hundreds of visual-effects artists are planning to picket the Academy Awards on Sunday for the second year in a row. They're hoping to bring attention to what's been happening in their industry.
The field is losing jobs and relocating to countries with bigger subsidies for employers. It's the result of a technical revolution that's changed the profession since it kicked off in the 70s with Star Wars creator George Lucas' visual-effects company, Industrial Light and Magic.
Idaho's Gov. C.L. "Butch" Otter has signed a bill that criminalizes the act of secretly filming animal abuse at agricultural facilities. The move comes days after the state's legislature approved the measure.
"Otter, a rancher, said the measure promoted by the dairy industry 'is about agriculture producers being secure in their property and their livelihood,'" according to the AP.
Earlier this month, reporters at Bloomberg and the Financial Times suggested that we might be nearing "peak salmon" — a play on peak oil, in which we theoretically reach maximum production, and the only direction left to go is down.
Their logic? The price for a kilogram (2.2 pounds) of Norwegian farmed salmon at the end of 2013 was 50 percent higher than it had been the previous year.
It's easy to think of "organic" and "non-GMO" as the best buddies of food. They sit comfortably beside each other in the same grocery stores — most prominently, in Whole Foods Market. Culturally, they also seem to occupy the same space. Both reject aspects of mainstream industrial agriculture.
In fact, the increasingly successful movement to eliminate genetically modified crops — GMOs — from food is turning out to be organic's false friend. The non-GMO label has become a cheaper alternative to organic.
Originally published on Fri February 28, 2014 8:32 am
The U.S. economy grew at a 2.4 percent annual rate in fourth-quarter 2013, the Bureau of Economic Analysis said Friday, as it significantly cut its estimate of how much gross domestic product grew during the last three months of the year.
The scope of the collapse of what once was the world's largest bitcoin exchange took shape Friday when Mt. Gox filed for bankruptcy protection in Japan, saying it had lost track of nearly $480 million worth of the virtual currency.
On a Friday, this is MORNING EDITION, from NPR News. I'm David Greene.
The Affordable Care Act will change the way millions of Americans think about their jobs. That's essentially what the Congressional Budget Office has said in its assessment of the law's effect on the economy. They think the law will give some people the option to retire early and others the flexibility to work less.
As NPR's John Ydstie reports, this is already happening.
On Broadway, Thursday is about to become the new Wednesday.
(SOUNDBITE OF SONG FROM THE MOVIE, "PHANTOM OF THE OPERA")
UNIDENTIFIED MAN: (Singing in a foreign language)
GREENE: Several shows, including the "Phantom of the Opera," plan to move their traditional Wednesday matinee to Thursday. Wednesday afternoon performances have never been huge money makers, and some Broadway executives think Thursday matinees will draw in tourists coming for a good long weekend in New York.
NPR's business news starts with dealing with long distance.
(SOUNDBITE OF MUSIC)
GREENE: Dealing - we're talking about poker. Poker players in Delaware and Nevada will one day get to sit at the same virtual table. This week, their governors signed the first multi-state Internet gambling law.
NPR's Allison Keyes reports that while some casino I'm not so thrilled, the states see a winning hand.
Mike Janke used to be a Navy SEAL sniper. These days he's taking on the government and corporate America. He's the founder of Blackphone, an Android-based smartphone with privacy as its mainselling point.
It's not NSA-proof — in that everything is hackable if you try hard enough. But Janke says it's taking on the entire mobile economy that lets law enforcement and companies in way too easily.
Citing "softness" in the U.S. economy, Federal Reserve Chair Janet Yellen told a Senate panel today that the Fed will try to determine if the results are a new trend or are related to this winter's intense cold and storms. Analysts are seeing her comments as signaling a potential shift in the "tapering" of the Fed's stimulus program.
Many people may think of a "remote worker" as a harried mom in her bathrobe or a 20-something at a coffee shop. But that image doesn't actually reflect who is working outside the office, according to a new study.
"A remote worker, someone who does most of their work outside of their employer's location, is not a woman, is not a parent and is not a Gen-Y millennial," says Cali Williams Yost, a workplace flexibility strategist and CEO of the Flex+Strategy Group.
If a food label doesn't move you to make a certain food choice, maybe a good marketing campaign can. For the dairy industry, the last couple of decades has meant lots of milk mustaches on celebrities from Britney Spears to Susan Sarandon, Harrison Ford to Shaquille O'Neal. The ad showing off the milk-framed pouts and smiles, also feature two words: got milk? Well, the slogan and the milk mustaches are drying up.