Colombia is a country famous for its exports. It's well known that those exports traditionally include flowers and, also, unfortunately, cocaine. You may not realize Columbia is also the world's fourth largest coal exporter thanks in part to the Drummond Coal Company. The Alabama-based mining firm produces about 25 million tons of coal annually in the South American country.
Many in the region of Catalonia in Spain are pushing to secede from the country, partly for cultural and partly for economic reasons. Naturally, the government of Spain opposes that. But yesterday, the regional parliament pressed the bid for independence a step further.
NPR's business news begins with a slam dunk for Bitcoins.
(SOUNDBITE OF MUSIC)
INSKEEP: Pro basketball's Sacramento Kings will now accept Bitcoins, the electronic currency, as payment for just about everything, from court-side seats, to a DeMarcus Cousins jersey. The Kings are the first major professional sports team to accept the virtual currency.
This next story began as pretty much your standard contract dispute. The Weather Channel wanted more money for its programming, and DirectTV wanted to pay less.
So, at 12:01 Tuesday morning, the satellite service dropped the Weather Channel and replaced it with a smaller producer of weather programming, which raises the question: How much do TV viewers really want or need weather information when they can get it from other sources?
MONTAGNE: Yes, Omaha. It's more than just the biggest city in Nebraska. It's also a signal that Denver Bronco's quarterback Peyton Manning barked out repeatedly last Sunday during a playoff game against the San Diego Chargers.
In 1895, legislators in New York state decided to improve working conditions in what at the time could be a deadly profession: baking bread.
"Bakeries are actually extremely dangerous places to work," says Eric Rauchway, a historian at the University of California, Davis. "Because flour is such a fine particulate, if it gets to hang in the air it can catch fire and the whole room can go up in a sheet of flame."
The latest project from Google X is a smart contact lens, a tiny, flexible computer capable of monitoring glucose levels in tears. Researchers at Google are hopeful that one day this technology might be used to help diabetes patients better control their disease.
"I think the Google X device could be a huge game changer," says Dr. John Buse, professor of medicine at the University of North Carolina School of Medicine. He's also chairman of the National Diabetes Education Program for the National Institutes of Health and the Centers for Disease Control and Prevention.
Originally published on Thu January 16, 2014 5:44 pm
A massive $1.1 trillion spending bill has gained Senate approval, allowing Congress to send a wide-ranging bill to President Obama for his signature. The massive bill will prevent any gaps in government funding as well as take some of the sting out of automatic spending cuts.
Originally published on Fri January 17, 2014 2:39 am
When relocating to a new country, it's important to establish routines and traditions. My ritual here in London is spending an hour on the phone with the bank every day.
It's a strange thing about 2014 — we've got one collective foot planted squarely in the 21st century, while the other is stuck in back in the 19-something-or-others.
My email, Facebook, and Twitter accounts don't care whether I'm in Dublin or Dubai. I can jog along the Seine in Paris to the same music on Spotify that I listen to when I'm running along the Willamette River in Portland.
Fox News CEO and President Roger Ailes has succeeded in turning a television news network into an unprecedented force. Fox News is the most dominant media organization in America, generating more than a billion dollars in profit and earning the highest ratings of any cable news network.
Gabriel Sherman writes about Ailes' success with Fox News in his new book, The Loudest Voice In The Room: How The Brilliant, Bombastic Roger Ailes Built Fox News — And Divided A Country.
President Obama recently named the first five "Promise Zones." They're high-poverty areas targeted for economic revitalization. Host Michel Martin learns about the Kentucky Highlands Promise Zone from Jerry Rickett, head of the Kentucky Highlands Investment Corporation.
Originally published on Thu January 16, 2014 1:18 pm
Liquor companies like to make drinkers think their favorite spirits always have been and always will be attached to a very particular place — Kentucky bourbon, Irish whiskey, Russian vodka.
But like many other industries, the liquor business has gone global, and a small number of players increasingly dominate the industry worldwide. The distilling may still be local, but ownership is definitely international.
And our last word in business is: Surveillance - not from the NSA, but from a store near you.
RENEE MONTAGNE, HOST:
Retailers have long tracked activity in stores, with video cameras. Now, they have an option to track you. Security tech company 3VR has unveiled an in-store video camera that allegedly uses facial recognition to gauge your age, gender and mood.
INSKEEP: Retailers could use real-time information to customize digital signs - just as you are passing.
BLOCK: General Motors announced this week that for the first time in nearly six years, it will begin to pay cash dividends to its shareholders. GM stopped paying out dividends back in June of 2008, as it struggled to save money through the recession, bankruptcy and a government bailout.
Emergency medical technicians, EMTs, are trained to save your life and aim to get you to a hospital as quickly as possible when needed. One thing they are usually not asked to do is to find ways to save money.
NPR's Zoe Chace explores one experiment in New York City that is trying to cut emergency care costs and cut return trips to the E.R.
ZOE CHACE, BYLINE: I'm in an ambulance, and we're on the way to the emergency room.
PETER DERMODY: How long have you been feeling like this, Michael?
At the North American International Auto Show in Detroit this week, it's not all hybrids and battery-powered cars. Some car companies are making significant investments in a fuel that's not new at all — diesel.
The newest diesel engines are far cleaner than their predecessors, and they get many more miles per gallon. The question is, what's holding customers back from switching gas pumps?
When you look around the auto show, there's a lot of energy and there's a lot of money being spent again. The one topic that keeps coming up, of course, is fuel economy.
The mood at the Seattle union hall was quiet, almost funereal on the night Boeing workers narrowly approved an offer tobuild the company's new airliner, the 777X.
Members of the International Association of Machinists and Aerospace Workers who had gathered had wanted to reject the offer. But they were in a tight spot. They risked losing the bid to one of the 21 states hoping to step in.
Former California official Maria Contreras-Sweet is President Obama's pick to lead the Small Business Administration. She was introduced and her official nomination announced at a White House event Thursday.
Born in Mexico, Contreras-Sweet became the first Latina to serve as a cabinet secretary in California when she led its Business, Transportation and Housing Agency from 1999-2003.
When German farmers and activists descended upon Chancellor Angela Merkel's office building Wednesday morning, they brought along some special guests — 17 pigs. The stunt was the latest European backlash against a proposed free trade deal with the U.S. that could lift restrictions on American meat sold in Europe.
Under the watchful eye of German police officers, the pigs munched happily on straw strewn across the pavement to keep the herd from running amok.
In other personnel news, the president has nominated Stanley Fischer to serve as the next vice chairman of the Federal Reserve. He would replace Janet Yellen, who's been promoted to chairman of the central bank. Yellen reportedly recruited Fischer personally to serve as her deputy. He spent much of the last decade running Israel's central bank.
As NPR's Scott Horsley reports, Stanley Fischer is credited with helping that country weather the financial crisis better than most and with training many of the world's top economists.
From NPR News, this is ALL THINGS CONSIDERED. I'm Audie Cornish.
MELISSA BLOCK, HOST:
And I'm Melissa Block. President Obama has been talking a lot lately about income inequality. Today, he visited a factory in North Carolina and announced new steps that he said would create more good-paying, middle class jobs. He plans to do that by boosting American manufacturing and at the center of that plan is a big idea: a new, federally-funded innovation institute.