Business

Governing
1:32 am
Mon September 30, 2013

A Short History Of Government Shutdowns

With President Jimmy Carter watching, Benjamin Civiletti is sworn in by Chief Justice Warren Burger as U.S. attorney general on Aug. 16, 1979. The following year, Civiletti issued a legal opinion saying that federal work cannot go on until Congress agrees to pay for it.
AP

Originally published on Mon September 30, 2013 7:54 am

Drawn-out fights over spending bills are nothing new for Congress. But that's where the fights used to stay: in Congress. The rest of the country didn't have to pay much attention to countdown clocks and all this drama.

"In the '60s and '70s down until 1980, it was not taken that seriously at all," says Charles Tiefer, a former legal adviser to the House of Representatives, who now teaches at the University of Baltimore Law School. In the old days, he says, when lawmakers reached a budget stalemate, the federal workforce just went about its business.

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Business
1:29 am
Mon September 30, 2013

Chicago's Privatized Parking Meters Sour Airport Lease Deal

Originally published on Mon September 30, 2013 5:47 am

Close to 19 million passengers come through Chicago's Midway Airport each year, and many will spend a lot of cash here — on food, drinks, books, gum, parking and rental cars — not to mention the landing fees and gate fees paid by airlines.

There are a lot of opportunities to make money in a bustling hub airport like this, and the city was hoping to cash in.

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Sports
3:02 pm
Sun September 29, 2013

Winning Baseball Divisions On Thrifty Budgets

Originally published on Sun September 29, 2013 4:30 pm

Transcript

ARUN RATH, HOST:

Once again, thanks for listening. This is ALL THINGS CONSIDERED from NPR West. I'm Arun Rath.

Today is the last day of Major League Baseball's regular season. The playoffs start Tuesday. And among the teams still vying for a spot in the World Series is the club with the fourth lowest payroll in the game.

(SOUNDBITE OF CHEERING)

UNIDENTIFIED MAN: The American League's Western Division title belongs to the Oakland Athletics.

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Economy
5:58 am
Sat September 28, 2013

JPMorgan In Talks To Avoid Criminal Charges

Originally published on Sat September 28, 2013 9:16 am

The financial giant is also facing civil charges and fines that could cost it $11 billion. JPMorgan is negotiating with the Justice Department over the company's handling of mortgage-backed securities leading up to the housing crisis. Host Scott Simon talks with New York Times columnist Joe Nocera about the significance of the talks.

The Salt
5:03 am
Sat September 28, 2013

Birch For Breakfast? Meet Maple Syrup's Long-Lost Cousins

Beyond maple: Sap drips from a pine tree. Around the nation, producers are making syrup from the sap of pine, birch, even black walnut trees.
iStockphoto

Originally published on Mon September 30, 2013 1:17 pm

Americans have a longstanding love affair with maple syrup. According to the USDA, production of the sticky stuff in the United States totaled 3.25 million gallons this year. However, it isn't the only tree syrup that's available to drizzle on your short stack or sweeten your latte.

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Your Money
3:17 pm
Fri September 27, 2013

Nixed Flood Insurance Subsidy Drowns Coastal Home Values

In Florida, Louisiana, New York and other coastal states, many homeowners are in shock at new flood insurance rates that are rapidly approaching. After Hurricanes Katrina and Sandy left the National Flood Insurance Program $24 billion in the red, Congress revamped the program--phasing out subsidies. One group especially upset are new homeowners--people who bought a property and are now seeing their flood insurance costs skyrocket, making the property no longer affordable.

Economy
3:17 pm
Fri September 27, 2013

Is The Fed Chair Succession Too Politicized?

Transcript

ROBERT SIEGEL, HOST:

From NPR News, this is ALL THINGS CONSIDERED. I'm Robert Siegel. There was once a time when naming a new Federal Reserve chairman was a non-event. Well, not this time. The competition between supporters for former Treasury secretary Larry Summers and the current vice chairman of the Fed, Janet Yellen has been a highly public affair.

As NPR's John Ydstie reports, there's concern that the high profile discussion could politicize the Fed succession in a way that could ultimately hurt the economy.

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The Two-Way
11:45 am
Fri September 27, 2013

Freighter Makes First-Of-Its-Kind Transit Of Northwest Passage

Originally published on Fri September 27, 2013 2:17 pm

A Danish shipping company announced Friday the first-ever voyage of a large commercial freighter through the Northwest Passage — a journey made possible by the disappearance of Arctic ice due to global warming.

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Barbershop
9:48 am
Fri September 27, 2013

Forget Shutdown, How About Kimmel & Kanye Showdown?

Originally published on Fri September 27, 2013 10:26 am

Transcript

CELESTE HEADLEE, HOST:

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Politics
9:48 am
Fri September 27, 2013

A Trip Down Government Shutdown Lane

Originally published on Fri September 27, 2013 10:26 am

Transcript

CELESTE HEADLEE, HOST:

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Shots - Health News
9:34 am
Fri September 27, 2013

Lessons About Insurance In The Obamacare Data Dump

Chicago insurance broker Sean Whaley told The Associated Press earlier this month that his self-employed clients were frustrated that didn't have the information to plan ahead for their families' health care costs in 2014.
M. Spencer Green AP

This week the Department of Health and Human Services released a ton of information about how insurance sold in 36 states under the Affordable Care Act will work.

Most of it came in the form of data showing the number of carriers and their premium prices in hundreds of regions.

Until now we've seen information on subsidized policies to be sold through online marketplaces released in trickles by states that are creating their own online portals.

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All Tech Considered
4:07 am
Fri September 27, 2013

BlackBerry: If You Don't Survive, May You Rest In Peace

Steve Henn NPR

Originally published on Fri September 27, 2013 2:45 pm

This may be premature, but it is best to think of this post as an obituary for the BlackBerry, a phone struck down seemingly in its prime. Gone so soon.

BB, we'll miss you.

Over the course of its existence, BlackBerry sold smartphones to more than 200 million people. It became ubiquitous in places like Indonesia, but it began with an invasion of Wall Street and Washington.

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Education
1:55 am
Fri September 27, 2013

Failing Students Get 'Wired' For Success At Georgia Factory

Originally published on Fri September 27, 2013 4:07 am

An electric wire factory in western Georgia is staffed almost entirely by teenagers. They are there because of a partnership between a local company, Southwire, and the Carroll County school system. They teamed up six years ago to try to reduce the high school dropout rate.

Politics
1:55 am
Fri September 27, 2013

House GOP Leaders Gear Up For Debt Ceiling Battle

Originally published on Fri September 27, 2013 4:07 am

Even as the potential government shutdown drama remains unresolved, House Republican leaders are moving on to the next deadline: the debt ceiling. Economists say defaulting on payments could be catastrophic, but many House Republicans believe the debt ceiling is the best place to take a stand. Some even say the risk of default really isn't all that bad.

Business
1:55 am
Fri September 27, 2013

TomTato Is The Latest Wonderplant

Originally published on Fri September 27, 2013 5:03 am

A British gardening mail order firm introduced the TomTato: a tomato-potato plant. Cherry tomatoes and white potatoes have been grafted together. The hybrid hit European garden centers this week.

Business
1:55 am
Fri September 27, 2013

Is North America The Next World Capital Of Energy?

Originally published on Fri September 27, 2013 4:07 am

A perfect storm of sorts is leading some Western energy companies to step back from investments and operations in the Middle East. Companies see increased risk in the region because of the turmoil and violence following the Arab Spring. And, advances in technology have made it easier to produce oil in North America.

Asia
1:55 am
Fri September 27, 2013

Shanghai To Open Free-Trade Zone To Boost China's Growth

Originally published on Fri September 27, 2013 4:07 am

Transcript

DAVID GREENE, HOST:

In the NPR business zone, we'll talk about an experiment in China.

(SOUNDBITE OF MUSIC)

GREENE: On Sunday, Shanghai will open a free trade zone that officials say will be a laboratory for reforming the world's second-largest economy.

As NPR's Frank Langfitt reports, the new zone is getting a lot of media attention in China but the details remain sketchy.

FRANK LANGFITT, BYLINE: The formula of low-wage labor and cheap exports that transformed China from a backwater into a global economic power has run out of steam.

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The Salt
4:10 pm
Thu September 26, 2013

McDonald's Says Bye-Bye To Sugary Sodas In Happy Meals

Originally published on Thu September 26, 2013 6:29 pm

Fast-food giant McDonald's has made a commitment to stop marketing sodas as a beverage option in kids' Happy Meals.

Instead, the chain has committed to market and promote only milk, water and juice with the children's meals.

Now, if parents order a Coke or Sprite with their child's Happy Meal, they won't be turned down. But sodas will no longer be marketed or promoted visually in any of McDonald's advertisements or in-store visuals.

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Business
3:44 pm
Thu September 26, 2013

Nine Japanese Auto Parts Makers Plead Guilty To Price Fixing

Originally published on Thu September 26, 2013 5:19 pm

Transcript

ROBERT SIEGEL, HOST:

From NPR News, this is ALL THINGS CONSIDERED. I'm Robert Siegel.

Most of the people who work in the auto industry don't work for car companies. Instead, they're involved with making the parts that go into the cars. It's a global network that manufactures everything from seatbelts to radiators. Well, now it's caught up in a widening federal investigation into price fixing.

NPR's Jim Zarroli reports the Justice Department said today nine Japanese companies have pleaded guilty to collusion.

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The Two-Way
11:10 am
Thu September 26, 2013

eBay To Acquire Payment Processor Braintree For $800 Million

An illustration of online payment service PayPal at LeWeb Paris 2012 in Saint-Denis, France.
AFP/Getty Images

Originally published on Thu September 26, 2013 11:51 am

Auction site eBay, which owns PayPal, is buying the online and mobile payment company Braintree for $800 million — an acquisition that eBay's CEO calls "a perfect fit."

The deal, announced Thursday, could help eBay as it tries to convince customers to ditch their credit and debit cards and use PayPal instead.

"Braintree is a perfect fit with PayPal," eBay Inc. President and CEO John Donahoe said in a statement.

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All Tech Considered
11:06 am
Thu September 26, 2013

What You Emailed Us About Using The 'ACC'

We're still combing through all your emails about the acc.
iStockphoto.com

Originally published on Thu September 26, 2013 12:16 pm

This morning, I griped about the acc, our newly coined name for the practice of copying a third party on an existing email chain to undermine or pull rank on the original recipient. (The A can stand for angry, awkward, annoying ... or other A-words you might be thinking of ...)

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The Two-Way
8:57 am
Thu September 26, 2013

Two Bodies Found Near Costa Concordia Wreck

A Coast Guard patrols in front of the severely damaged right side of the Costa Concordia cruise ship after it was righted last week.
Marco Secchi Getty Images

Originally published on Thu September 26, 2013 10:40 am

The remains of two people, presumed to be a missing passenger and crew member from the ill-fated Costa Concordia, have been located by divers near the site of the wrecked cruise liner that was righted last week in a dramatic salvage operation off the Italian coast.

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The Two-Way
7:04 am
Thu September 26, 2013

GDP, Jobless Claims Data Add To Signs Of Slow, Steady Growth

Originally published on Thu September 26, 2013 7:53 am

The two latest economic indicators both point to modest, steady-as-she-goes growth:

-- Gross domestic product grew at a moderate 2.5 percent annual rate in the second quarter, the Bureau of Economic Analysis says. That's exactly what the agency reported the last time it estimated growth for the April-June quarter.

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All Tech Considered
5:18 am
Thu September 26, 2013

The Worst Kind Of Email CC: Not A BCC, But An A(nnoying)CC

Consider your motivations before you add someone to the cc: field of an email.
Baris Onal iStockphoto.com

A middle school jab goes something like this: "We're having an A-B conversation, so you can C your way out." I bring this up because there's a workplace parallel to this that doesn't seem to have a name. It's when you're having an A-B email conversation and one party suddenly copies your boss, manager or someone more senior, in order to get an advantage in the discussion at hand.

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Politics
3:12 am
Thu September 26, 2013

Not All Republicans Embrace Big Business All The Time

The Republican Party in the past has had a close relationship with Wall Street and big business. But lately there's growing tension and disagreement as some Republicans in Congress consider a possible government shutdown. The Tea Party seems to have the strongest criticism of big business.

Business
3:06 am
Thu September 26, 2013

JPMorgan Likely To Settle Mortgage-Backed Securities Case

Originally published on Thu September 26, 2013 5:09 am

JP Morgan Chase is negotiating an $11 billion settlement, according to The Wall Street Journal. The firm would pay $7 billion in cash to regulators and $4 billion to consumers. JPMorgan is one of several large banks being investigated for its handling of mortgage-backed securities in the years leading up to the housing crisis.

Business
3:06 am
Thu September 26, 2013

Kurt Cobain's Mom Selling His Childhood Home

Originally published on Thu September 26, 2013 7:06 am

Fans of the band Nirvana can own a little slice of the band's history. In Aberdeen, Wash., the late singer's mother is selling the bungalow Kurt Cobain grew up in. The property is assessed at $67,000 but listed as $500,000.

Business
3:06 am
Thu September 26, 2013

1 In 7 American Adults Don't Go Online

Fifteen percent of Americans don't use the Internet, according to a survey by the Pew Research Center. Most of these "offline adults" are 65 years old or older, many live in rural areas and have incomes lower than $30,000 a year.

Politics
3:06 am
Thu September 26, 2013

If The Government Closes, 'Essential' Employees Would Work

Originally published on Thu September 26, 2013 3:35 am

Transcript

STEVE INSKEEP, HOST:

On a Thursday, it's MORNING EDITION from NPR News. I'm Steve Inskeep.

DAVID GREENE, HOST:

And I'm David Greene.

Congress has until Tuesday to agree on funding for federal agencies in order to avoid a partial government shutdown. So let's look this morning at exactly what that shutdown would mean.

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Business
3:06 am
Thu September 26, 2013

DOJ: 3 Brokers At ICAP Manipulated Libor Rate

Originally published on Thu September 26, 2013 3:31 am

Three former employees at the London-based brokerage have been charged by the Justice Department with participating in a criminal scheme to rig an interest rate that anchors the world's financial system. It's alleged that the three brokers from ICAP colluded with a trader at Swiss bank UBS.

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