Business

Business
2:20 pm
Mon October 7, 2013

Japanese Airlines Makes Deal To Buy Airbus Planes

Originally published on Tue October 8, 2013 9:18 am

Transcript

MELISSA BLOCK, HOST:

Japan Airlines stunned the aviation world today by announcing that for the first time in the company's history, it will buy new wide-bodied jets from Airbus, the European aircraft manufacturer. The deal is worth billions and it's a big setback for Boeing, which has long dominated the Japanese aviation market. NPR's David Schaper reports.

DAVID SCHAPER, BYLINE: Airbus president and CEO Fabrice Bregier was positively beaming in Tokyo this morning in an interview with financial network CNBC.

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Planet Money
2:10 pm
Mon October 7, 2013

Weirdly, A Default Could Make Investors More Eager To Lend The U.S. Money

J.P. Morgan

With the debt ceiling threshold 10 days away, the big question on everyone's mind is: what will happen if the government defaults? The story usually goes like this:

1. Congress does not raise the debt ceiling in time.

2. The U.S. defaults on its debt.

3. Financial markets immediately freak out because U.S. debt is no longer "risk free."

4. As a result, investors will start demanding higher interest rates to lend money to the U.S. government

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The Two-Way
1:16 pm
Mon October 7, 2013

China Cautions U.S. Over Debt Ceiling Fight

Originally published on Mon October 7, 2013 3:56 pm

China — which holds nearly $1.3 trillion in U.S. securities (pdf) — is asking the U.S. to get its finances in order and not allow a political stalemate to cause the country to default on its obligations for the first time in history.

The United States is expected to run out of money by Oct. 17, so the Treasury needs Congress to extend its credit limit before then. As has happened before, the House and Senate are at odds and the prospects of a compromise look shaky.

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The Two-Way
8:06 am
Mon October 7, 2013

In Blow To Boeing, JAL Places Nearly $10 Billion Airbus Order

An Airbus A350-900 takes off from an airport in Toulouse, France, on its maiden flight. Japan Airlines reportedly has ordered 18 A350-900s and 13 A350-1000s.
AFP/Getty Images

Originally published on Mon October 7, 2013 2:02 pm

Japan Airlines is buying $9.5 billion worth of new jetliners from Airbus, placing its first-ever order with the European plane-maker for 31 A350s to replace the carrier's aging fleet of Boeing 777s.

The airline's president, Yoshiharu Ueki, said the order was unrelated to Boeing's problems with the 787, but the huge order is seen as a major coup for the Toulouse, France-based manufacturer at the expense of its American rival.

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Economy
2:55 am
Mon October 7, 2013

What's The Cost Of Budget Gridlock?

Originally published on Mon October 7, 2013 3:33 am

Renee Montagne talks to David Wessel, economics editor of The Wall Street Journal, about the cost of the government shutdown, and the dangers of the threatened government default.

Business
2:55 am
Mon October 7, 2013

Updated $100 Bill To Enter Circulation

Originally published on Mon October 7, 2013 5:03 am

The Federal Reserve estimates that up to two-thirds of all U.S. C -notes are circulating abroad at any given time. The bill is also the most counterfeited. Federal officials are confident the new bill will be much harder to fake.

Business
2:55 am
Mon October 7, 2013

Political Crisis Keeps Obama From Asia-Pacific Summit

Originally published on Mon October 7, 2013 4:20 am

Leaders of Asia-Pacific countries are wrapping up an economic summit in Indonesia. Much of the talk in the region over the weekend focused on the event's big no show: President Obama. Because of the partial government shutdown in the U.S., the president decided to stay at home and monitor developments.

Business
2:55 am
Mon October 7, 2013

A Gain For Airbus Is A Loss For Boeing

Originally published on Mon October 7, 2013 4:41 am

Japan Airlines has announced it's ordering 31 wide-body jets from Europe's major airplane manufacturer. It's a deal worth $9.5 billion. It's a huge sale for Airbus and a big blow for America's Boeing, which for decades has dominated sales to Japanese airlines.

Around the Nation
2:55 am
Mon October 7, 2013

Labor-Starved Pear Farmers Buckle Under Bumper Crop

Some of this season's Comice pear harvest is rotting in Pacific Northwest orchards because there aren't enough workers to pick it.
Deena Prichep for NPR

Originally published on Mon October 7, 2013 11:12 am

It's always a bit sad to say goodbye to summer corn and tomatoes, and settle into fall.

There are consolations, though — like the new crop of pears. Over 80 percent of America's fresh pears are grown in the Pacific Northwest, and this year's harvest is slated to be one of the biggest on record.

But some of the fruit is rotting in the orchards because there aren't enough workers to pick them.

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All Tech Considered
1:07 am
Mon October 7, 2013

Wanted: A New Generation Of High-Tech Aviation Workers

The Wright Brothers Flyer lifts off in Kitty Hawk, N.C., on Dec. 17, 1903. Now 110 years later, a thriving aviation industry is looking to fill jobs in high-tech manufacturing.
AP

Originally published on Mon October 7, 2013 8:53 am

Across North Carolina, many license plates read "First in Flight" — a tribute to Orville and Wilbur Wright. Their plane first flew there 110 years ago.

Today, the state has one of the nation's busiest airports and dozens of aviation companies. And finding workers to fill those jobs has been a challenge.

No longer are workers building legs of furniture, hemming shirts and rolling cigarettes. They're fixing GPS technology, working on stabilizers and manufacturing the next era of aviation.

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Business
3:06 pm
Sun October 6, 2013

Tesla Slips From Pedestal That May Have Been Too High

It's been a rough week for Tesla, but extra scrutiny is expected for the new car on the block, says Jake Fisher of Consumer Reports.
Jeff Chiu AP

Originally published on Fri October 18, 2013 7:52 am

Over the last year of so, Tesla motors has received some really good press. But this past week, it's been knocked off its pedestal.

"We're a country that likes to put things up on pedestals and then tear them down from pedestals. We do that with people, I think we do that with things," says Jack Nerad, an analyst with Kelley Blue Book.

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The Salt
5:18 am
Sun October 6, 2013

That Smoky Smell Means Chile Roasting Season In New Mexico

Fresh picked green chiles are bound for stews, burritos, enchiladas, pozole and more. Fall is chili roasting season in New Mexico.
Tim Robbins NPR

Originally published on Sun October 6, 2013 11:39 am

It's chile season in New Mexico, where they take their chiles pretty seriously.

Indeed, the chile is the official state vegetable, so it's probably best to not mention it is actually a fruit. No matter what it is, the fall harvest is on, and that means it's time to fire up the grills.

Green chiles roasting over a hot gas flame give off a smoky, sweet, pungent perfume.

That smell is part of what has drawn customers like Lorenzo and Peggy Lucero to the Diaz farm in Deming, in southwest New Mexico, for the past 30 years.

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Business
3:56 pm
Sat October 5, 2013

Behind JPMorgan's Potentially Massive Settlement With Feds

Originally published on Sat October 5, 2013 4:36 pm

Transcript

ARUN RATH, HOST:

If you're just joining us, it's ALL THINGS CONSIDERED from NPR West. I'm Arun Rath.

JPMorgan is one of the world's largest financial institutions. And now there are reports that JP may face the largest bank fine in American history. Bank regulators are in negotiations with JPMorgan over allegations involving bad mortgages. It's just the latest in a string of legal troubles for JPMorgan.

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The Two-Way
11:44 am
Sat October 5, 2013

Pirate Joe's Celebrates Dismissal Of Trader Joe's Lawsuit

"I bought the stuff at full retail. I own it," says Michael Hallatt, owner of the _irate Joe's grocery in Vancouver. Trader Joe's federal lawsuit against his business was dismissed this week.
_irate Joe's

Originally published on Sat October 5, 2013 1:32 pm

Pirate Joe's, the grocery store that made waves — and attracted a lawsuit — for selling Trader Joe's items in Canada, has won a battle in its legal fight with the supermarket chain. A U.S. district court judge has granted the Vancouver store's motion to dismiss a trademark infringement lawsuit.

After the lawsuit was filed, Pirate Joe's took on the name _Irate Joe's. The store's owner, Mike Hallatt, says he began his enterprise on a small scale last year, driving groceries across the border from Washington State to Vancouver. Trader Joe's does not operate any stores in Canada.

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Reporter's Notebook
6:03 am
Sat October 5, 2013

Does Capitalism Work? A True/False Quiz In Times Square

Steve Lambert's art installation asks people to vote in an effort to open up the discussion about capitalism. That word can be a red flag for many, Lambert says.
Jake Schlichting Times Square Arts

Originally published on Sat October 5, 2013 9:52 am

I'm walking through Times Square, the crossroads of the world. Just when I reach the line for cheap Broadway tickets, I see it: a giant billboard with the word "capitalism" in bright white lights and the words "works for me!" in cursive below. There's a podium and two buttons where you can vote whether the statement is "true" or "false."

Peggy Demitrack, a tourist from Cleveland, is adamant when she pushes the "true" button. She says capitalism works for anyone who strives and educates themselves.

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Planet Money
3:24 pm
Fri October 4, 2013

Is Welfare 'A Rational Alternative To Work'?

"Every day I go out and push my son around and fill out applications," Tonilyn Rowe said. "But obviously it's not a good look to walk into a job with a stroller."
Pam Fessler NPR

Originally published on Thu October 10, 2013 6:33 pm

For many people, says Michael Tanner, it pays not to work. People on welfare — that's everything from food stamps to Medicaid to heating assistance — can make more in 35 states than they would if they had a minimum wage job, according to Tanner.

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The Two-Way
2:51 pm
Fri October 4, 2013

Google Vs. Facebook: A Map Of Global Conquest

Google is red; Facebook blue.
Mark Graham/Stefano De Sabbata Internet Geographies at the Oxford Internet Institute

Originally published on Fri October 4, 2013 4:14 pm

The U.K.'s Oxford Internet Institute has put together an interesting illustration of the most popular websites around the world. Not surprising, Google and Facebook dominate the globe.

We're not quite sure what the data mean, if anything, but you can be the judge.

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The Government Shutdown
2:51 pm
Fri October 4, 2013

The 'Faux Friday' Jobs Report: What Economists Can Guesstimate

Even without official Labor Department data, economists estimated jobs grew moderately last month.
Andrey Popov iStockphoto.com

Thanks to the federal government's partial shutdown, the Bureau of Labor Statistics skipped its monthly Big Reveal at 8:30 a.m. Friday.

There was no September employment report.

Without access to the BLS numbers, data junkies were left to scrounge around for lesser reports. Maybe if they could suck in enough small hits of other statistics, they could feel that old familiar rush?

Nope. Nothing can replace that BLS high.

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All Tech Considered
10:55 am
Fri October 4, 2013

Tech Week That Was: Bitcoin Bust, Twitter IPO, Siri Outed

A voice actor has come forward to say she is the voice behind Siri on American iPhones.
Oli Scarff Getty Images

Originally published on Fri October 4, 2013 1:25 pm

The tech news kept a-comin' this week, so we've got a lot to cover in our weekly roundup. Here we go ...

ICYMI

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Race
9:37 am
Fri October 4, 2013

Will Settlement Bring Black Farmers Dignity?

After years of discrimination from the U.S. Department of Agriculture, black farmers are now getting a $1.25 billion settlement. Founder and president of the National Black Farmers Association John Boyd tells host Michel Martin what this settlement means for farmers and their families.

Politics
9:37 am
Fri October 4, 2013

Government Shutdown? 'This Is Democracy In Action'

Transcript

MICHEL MARTIN, HOST:

This is TELL ME MORE from NPR News. I'm Michel Martin. After decades of litigation, checks are going out this week to thousands of black farmers who - lawmakers eventually agreed - faced discrimination by the U.S. Department of Agriculture. We'll speak with one of the people who helped lead the fight for years, even though he will not personally benefit. That's in just a few minutes.

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The Two-Way
7:37 am
Fri October 4, 2013

Siri, Who Are You? She Won't Say, But Her ID's Been Blown

Voice actor Susan Bennett, talking to herself (or, rather, Siri) for CNN.
CNN.com

Originally published on Fri October 4, 2013 8:43 am

We tried Friday morning to get Siri to confirm CNN's report that a real woman named Susan Bennett is the "classic" American voice of Apple's virtual assistant.

But all Siri would do is tell us, repeatedly, that "this is about you, not me." As for whether she does have a "real" voice, Siri would only say that "I guess I don't have one."

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It's All Politics
6:07 am
Fri October 4, 2013

Friday Morning Political Mix

Anti-Obama demonstrators in Indonesia will have to hold their protests without him. He cancelled his Asian trip due to the U.S. government shutdown. (Their signs accused him of murdering Muslims.)
BAY ISMOYO AFP/Getty Images

Originally published on Fri October 4, 2013 7:16 am

Happy Friday, fellow political junkies. Of course, it's hard to be happy if you're one of the more than two million federal workers either furloughed or working without pay, or one of the millions of other Americans whose lives are disrupted by official Washington's dysfunction. It's Day Four of the federal government shutdown, 2013 edition. And an end to the disagreement still doesn't seem in the offing.

On that grim note, here are some items of political interest worth mulling over this morning.

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Analysis
3:06 am
Fri October 4, 2013

Ready Or Not, 'Obamacare' Rolls Out As Planned

Originally published on Fri October 4, 2013 8:36 am

Transcript

RENEE MONTAGNE, HOST:

And all of that happened yesterday in what has been a charged week at the Capitol. Republicans in the House stuck to their demands to defund the Affordable Care Act and parts of the government remain shut down.

DAVID GREENE, HOST:

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Business
3:06 am
Fri October 4, 2013

Part-Time Workers Search New Exchanges For Health Insurance

The specialty grocer Trader Joe's says next year it will end its policy of offering health benefits for part-time workers. Instead, the store will offer part-timers cash to help buy coverage.
Bloomberg via Getty Images

Originally published on Fri October 4, 2013 2:26 pm

Across the U.S., many part-time workers have joined the millions shopping for coverage in the new health care marketplace. Some are uninsured. Others are being pushed into the new exchanges because their employers — companies that include Trader Joe's and Home Depot — decided to drop coverage for part-timers.

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Business
3:06 am
Fri October 4, 2013

Twitter Releases IPO Documents

Originally published on Fri October 4, 2013 8:36 am

Twitter gave potential investors the first peek at its financials as the company heads toward its initial public offering. Twitter plans to raise $1 billion in its IPO and will trade under the ticker symbol TWTR. While Twitter has quickly transformed the way people communicate and comment on events, it has yet to establish itself as a business.

Business
3:06 am
Fri October 4, 2013

Shutdown Delays September Jobless Figures

Originally published on Fri October 4, 2013 8:36 am

Transcript

RENEE MONTAGNE, HOST:

NPR's business news begins with no new jobs report.

The Labor Department says it's not releasing the September employment report today as scheduled. The jobs report is almost always released on the first Friday of the month. Not this time. That's thanks to the shutdown, which is in its fourth day.

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Business
3:06 am
Fri October 4, 2013

Tesla Stock Hits Bumpy Road After Car Fire

Originally published on Fri October 4, 2013 8:36 am

Transcript

RENEE MONTAGNE, HOST:

Stock in the electric carmaker Tesla has been tumbling. That's after a video of a Tesla Model S on fire went viral. The high-end carmaker has lost billions of dollars of in value in just a few days.

NPR's Sonari Glinton reports.

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Law
3:06 am
Fri October 4, 2013

Mark Cuban Testifies During Insider-Trading Trial

Originally published on Fri October 4, 2013 8:36 am

Transcript

DAVID GREENE, HOST:

One of pro basketball's most colorful figures is not on the court, but he's now in court. Mark Cuban, the billionaire owner of the Dallas Mavericks, defended himself yesterday on civil charges of insider trading.

From member station KERA in Dallas, BJ Austin reports.

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Business
3:06 am
Fri October 4, 2013

German Beer Festival Goes Vegan

Originally published on Fri October 4, 2013 8:36 am

Transcript

DAVID GREENE, HOST:

And today's last word in business: beer and a shot of vegan?

Munich's Oktoberfest - the Bavarian festival of beer - ends on Sunday. It normally brings in over $1 billion and draws some six million visitors to the German city.

RENEE MONTAGNE, HOST:

Lots of bratwurst and chicken and of course beer get consumed. This year, festival goers have been treated to something else, thanks to the Lorenz Huckett(ph), a 21-year-old cook who took time from working in the kitchen of his father's festival tent to talk to us.

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