Business

Politics
2:44 am
Thu October 10, 2013

10 Days Into Shutdown, 'We've Got To Do Better Than This'

Originally published on Thu October 10, 2013 5:39 am

Transcript

STEVE INSKEEP, HOST:

Now, the partial shutdown prompted angry debate across the country. But at the center of that debate, we found quiet yesterday. We dropped by a Senate office building where the halls were empty. Papers taped on doors read: We regret that due to the government shutdown our office is closed. *

Read more
Politics
2:44 am
Thu October 10, 2013

Some Republicans Say Debt Limit Fuss Is A Lot Of Hype

Rep. Phil Gingrey, R-Ga., says it's "absolutely not true" to suggest that the U.S. can't pay its debts without raising the debt ceiling.
David Goldman AP

Originally published on Thu October 10, 2013 3:51 pm

For weeks, economists and bankers have been warning that there will be catastrophic consequences if Congress fails raise the nation's borrowing limit.

They say it will mean the nation will default on its debt, which could rock U.S. and global markets. The Treasury has warned that it will exhaust the "extraordinary measures" it has been using to keep paying the nation's bills by Oct. 17.

Read more
Business
2:44 am
Thu October 10, 2013

Man Mows Lawn Around Lincoln Memorial During Shutdown

Originally published on Thu October 10, 2013 5:39 am

Because of the partial government shutdown, most of the monumental core in Washington, D.C. is not being maintained. But on Wednesday, Chris Cox of South Carolina bought an old lawn mower and a leaf blower and got to work.

Business
2:44 am
Thu October 10, 2013

Fidelity Sells Short-Term U.S. Government Debt

Originally published on Thu October 10, 2013 5:39 am

Transcript

STEVE INSKEEP, HOST:

NPR's business news starts with worry about American debt.

(SOUNDBITE OF MUSIC)

INSKEEP: Fidelity Investments has sold all of its short-term U.S. government debt. That limits losses for the country's largest manager of money market funds in case the U.S. Treasury run out of money on October 17th and Congress does not do something about the federal debt limit.

Fidelity's president said this move was precautionary. Transcript provided by NPR, Copyright NPR.

Planet Money
1:00 am
Thu October 10, 2013

What A U.S. Default Would Mean For Pensions, China And Social Security

iStockphoto.com

Originally published on Thu October 10, 2013 10:38 am

What would happen if Congress doesn't raise the debt ceiling and the U.S. defaults on its debt later this month? The broad economic implications are unpredictable, but a default could cause huge trouble for the global economy.

But whatever happens to the global economy, one thing is clear: People all over the world who have loaned the U.S. government money won't get paid on time.

Read more
Environment
12:56 am
Thu October 10, 2013

Whatever Happened To The Deal To Save The Everglades?

Mechanical harvesters cut sugar cane on U.S. Sugar Corp. land in Clewiston, Fla., in 2008, the same year the state struck a deal to buy most of the company's Everglades holdings.
Joe Raedle Getty Images

Originally published on Thu October 10, 2013 9:49 am

South of Florida's Lake Okeechobee, hundreds of thousands of acres of sugar cane thrive in the heart of one of the world's largest wetlands. The Everglades stretches from the tip of the peninsula to central Florida, north of Lake Okeechobee.

"The Everglades actually begins at Shingle Creek, outside of Orlando," says Jonathan Ullman of the Sierra Club.

That's nearly 200 miles north of the agricultural land that Ullman and other environmentalists say is crucial to state and federal efforts to restore the wetlands area to a healthy ecosystem.

Read more
It's All Politics
5:13 pm
Wed October 9, 2013

Shutdown Diary: Paul Ryan's Plan Gets Tea Party Pushback

Rep. Paul Ryan, R-Wis., offered a path forward in the fiscal stalemate, but Tea Party hard-liners weren't impressed.
Mark Wilson Getty Images

Are House Republicans still seeking Democratic concessions on the Affordable Care Act? Or have they switched their sights to even bigger targets: federal spending on entitlements like Medicare and Social Security?

The answer on Wednesday depended on which Republican you asked.

Paul Ryan's Pitch

Read more
Business
5:02 pm
Wed October 9, 2013

Yellen Faces A Tough Job At The Fed From Day 1

President Obama stands with Janet Yellen, his choice to lead the Federal Reserve Board, at the White House on Wednesday.
Charles Dharapak AP

Starting a new job is always tough. You want early success to prove you really were the right pick.

That's especially true if you happen to be the first woman to hold that job. Ever.

So when President Obama on Wednesday nominated Janet Yellen to lead the Federal Reserve, she might have had two reactions: 1) Yippee and 2) Uh-oh.

Read more
Economy
3:37 pm
Wed October 9, 2013

Shutdown Leaves Would-Be Homeowners In Limbo

Originally published on Thu October 10, 2013 6:58 am

Transcript

ROBERT SIEGEL, HOST:

The longer the government shutdown continues, the more sectors in our economy are being affected. More and more, the housing market is feeling the pinch. Most economists think if the federal government reopens in the next few days, the damage won't be too bad. But already, some home sales are being delayed and even derailed, as NPR's Chris Arnold reports.

Read more
Politics
3:37 pm
Wed October 9, 2013

Obama Makes Janet Yellen His Official Choice To Head The Fed

Janet Yellen is President Obama's choice to replace Ben Bernanke at the Federal Reserve. The announcement came Wednesday afternoon. If confirmed by the Senate, Yellen will be the first woman to lead the Fed.

Business
3:37 pm
Wed October 9, 2013

Trade Gets Sluggish As The Shutdown Leaves Agencies Shortstaffed

The government shutdown is starting to hamper trade. More than 40 federal agencies involved in trade shipments — from the EPA to the Commerce Department — have trimmed their staffs, resulting in a slowdown or halt of goods.

The Two-Way
2:49 pm
Wed October 9, 2013

Obama Nominates Janet Yellen To Head Federal Reserve

President Obama claps during a press conference to nominate Janet Yellen to head the Federal Reserve in the State Dining Room at the White House on Wednesday.
Win McNamee Getty Images

Saying "American workers and families will have a champion in Janet Yellen," President Obama officially nominated her to chair the Federal Reserve, once Ben Bernanke completes his term in January.

Yellen "is the kind of person who makes everybody around her better," Obama said, adding that Yellen is "extremely well qualified" and "renowned for her good judgement."

Obama made the announcement at the White House on Wednesday, flanked by Yellen and outgoing Fed chief Ben Bernanke. If confirmed, Yellen will be the first woman to head the American central bank.

Read more
All Tech Considered
12:28 pm
Wed October 9, 2013

An Innovation For Pain Relief That's Worthy Of Some Buzz

Buzzy uses high-frequency vibration and a cold pack to make shots, well ... if not enjoyable, then at least bearable.
MMJ Labs

Originally published on Wed October 9, 2013 1:25 pm

Read more
The Salt
12:02 pm
Wed October 9, 2013

Sweet. Tart. Crunchy: How To Engineer A Better Apple

The just-released Riverbelle is one of well over 100 new apple varieties to hit markets around the world in the past six years.
Courtesy of Honeybear Brands

Originally published on Wed October 9, 2013 2:04 pm

Browsing farmers markets this fall, you may find some new apple varieties mixed in with the Granny Smiths, McIntoshes and Fujis. Susan Brown, head of the apple breeding program at Cornell University, estimates that there have been 130 new apples released around the world in the past six years.

This summer, she contributed two more to that tally: the SnapDragon and the Ruby Frost.

Read more
The Salt
10:25 am
Wed October 9, 2013

Meet Dave, A 19-Year-Old Craft Beer With A $2,000 Price Tag

Hair of the Dog releases a few bottles of Dave a year. In September, the 12 bottles of Dave on sale for $2,000 apiece sold out within a few hours.
Courtesy of Alan Sprints

Originally published on Fri October 11, 2013 4:00 pm

Hair of the Dog Brewery in Portland, Ore., makes a beer so rare, and so sought after, that it can fetch $2,000 a bottle.

It's called Dave. And no, it's not something out of a Portlandia sketch.

Dave is a barleywine — a strong, dark beer with 29 percent alcohol content. It's been aged for 19 years, first in oak barrels and then glass bottles.

Read more
The Government Shutdown
10:20 am
Wed October 9, 2013

How The Shutdown Is Hurting The Housing Market

If interest rates go up due to the fear or reality of a debt default that would have major consequences for real estate sales.
Steven Senne AP

Originally published on Thu October 10, 2013 6:57 am

As with so many other types of economic activity, the government shutdown is causing more fear than actual harm in the housing market thus far.

But that doesn't mean things won't start going wrong in the very near future.

Various federal agencies play greater or lesser roles in real estate transactions. With most of them sidelined, simple matters such as closing on mortgages are becoming more complicated.

Read more
Politics
2:44 am
Wed October 9, 2013

Rep. Labrador Of Idaho Weighs In On Government Shutdown

Originally published on Wed October 9, 2013 4:44 am

Transcript

RENEE MONTAGNE, HOST:

Read more
Business
2:44 am
Wed October 9, 2013

U.S. Ban Unlikely To Affect Samsung's Bottom Line

Originally published on Wed October 9, 2013 8:22 am

The Obama administration has upheld a ban on the import and sale of some Samsung smartphones and tablets. The move represents a victory for Apple, which is embroiled in a longstanding patent dispute with Samsung. But the import ban is unlikely to affect Samsung's profits since the devices at the heart of the case are no longer big sellers.

Business
2:44 am
Wed October 9, 2013

Health Scares In China Hurt Yum Brands' Profits

Originally published on Wed October 9, 2013 4:55 am

The owner of KFC and Pizza Hut has reported a near 70 percent drop in profits this quarter. Yum Brands relies on operations in China for three quarters of its revenue. Recent food safety issues and a bird flu outbreak there hit the company especially hard.

Business
2:44 am
Wed October 9, 2013

Ikea's Chinese Stores Invite Nappers To Try Out Their Beds

Originally published on Wed October 9, 2013 5:00 am

So many customers have been napping on the beds in Ikea's Chinese stores that employees have begun to change the sheets daily. One store in Hong Kong invited its customers to wear their pajamas and sleep over. About 80 of them did.

Business
2:44 am
Wed October 9, 2013

Treasury Officials Mull Credit Default Solutions

Originally published on Wed October 9, 2013 3:44 am

The Treasury Department says it will begin running out of money to pay its bills by Oct. 17, if the partial government shutdown isn't over by then. That prospect worries the financial markets. Treasury debt plays a fundamental role in the global economy, and economists agree that a debt default would have dire consequences. But some Republicans insist that a default doesn't have to happen.

Politics
2:44 am
Wed October 9, 2013

Federal Prison Workers Dismayed By Government Shutdown

Originally published on Wed October 9, 2013 4:38 am

Transcript

STEVE INSKEEP, HOST:

Read more
Politics
2:44 am
Wed October 9, 2013

Obama, Boehner Stake Out Positions On Shutdown

Originally published on Wed October 9, 2013 3:49 am

President Obama made his case for reopening the government and raising the debt ceiling at a White House news conference Tuesday afternoon. It was his first news conference in several weeks. House Speaker John Boehner spoke at the Capitol for about five minutes.

Around the Nation
1:00 am
Wed October 9, 2013

High-End Extras Aren't A Sure Bet For Tribal Casinos

Yvonne Smith is the director of La Rive Spa at Northern Quest Resort and Casino in Washington state. Across the country, Native American tribes are hoping high-end extras will draw visitors to casinos.
Jessica Robinson Northwest News Network

Originally published on Wed October 9, 2013 7:53 am

What used to be no-frills slot parlors off the highway are turning into resort-style destinations with spas, golf courses and luxury hotels. Native American tribes are hoping these added amenities will give them an edge in an increasingly competitive gaming market.

Read more
It's All Politics
4:41 pm
Tue October 8, 2013

Shutdown Diary: Obama Takes On The Default Deniers

At a Tuesday news conference, President Obama underscored Democrats' refusal to negotiate with Republicans on bills to reopen the government and raise the debt ceiling.
Charles Dharapak AP

Originally published on Tue October 8, 2013 6:30 pm

On Day 8 of the federal government's partial shutdown, President Obama called House Speaker John Boehner. But the morning phone call produced no movement toward resolution, according to readouts by aides to both men.

Here are some of Tuesday's news highlights:

President Obama

Obama gave his first lengthy press conference since early August, answering questions for more than an hour.

Read more
Your Money
3:45 pm
Tue October 8, 2013

Ups And Downs In Oil And Gas But Gas Remains A Cheaper Heat

Originally published on Thu October 24, 2013 12:18 pm

Transcript

MELISSA BLOCK, HOST:

You're listening to ALL THINGS CONSIDERED from NPR News. For many parts of the country, winter has already struck and struck hard. Residents in those areas have started turning up their thermostats and according to federal predictions, they're likely to notice an increase in how much it costs to heat their homes. As Fred Bever from member station WBUR reports, after years of natural gas being the cheapest heating option out there, the price is starting to go up.

Read more
Politics
3:45 pm
Tue October 8, 2013

By The Numbers: The Cost Of The Federal Government Shutdown

Originally published on Tue October 8, 2013 5:24 pm

As the partial government shutdown continues into its eighth day, All Things Considered takes a look at what's been happening both in and out of Washington.

Economy
3:45 pm
Tue October 8, 2013

It's All About The (New, More Secure) Benjamins, Baby

Originally published on Tue October 8, 2013 5:24 pm

A government shutdown isn't stopping the release of a new 100-dollar bill. We'll take a look at the new Ben's high-tech makeover.

It's All Politics
2:56 pm
Tue October 8, 2013

House GOP's Latest Idea: A Fiscal Supercommittee, Sort Of

Rep. Pete Sessions (R-Texas) at the hearing where he discussed his bill to create a bipartisan committee to tackle fiscal issues.
C-SPAN screen shot

The latest House GOP gambit in the fiscal fight is ... wait for it ... a supercommittee.

But Republicans aren't calling it a supercommittee since that's the term for the failed panel that brought us the the sequester.

Read more
Your Money
10:09 am
Tue October 8, 2013

Pyramid Schemes: If It Looks Too Good To Be True, It Probably Is

Transcript

MICHEL MARTIN, HOST:

Read more

Pages