Business

The Two-Way
6:38 am
Thu July 3, 2014

U.S. Added 288,000 Jobs In June, Labor Department Says

Originally published on Thu July 3, 2014 11:27 am

Analysts' expectations of continued growth in the jobs report for June were surpassed by federal data issued this morning, as the Labor Department says U.S. employers added 288,000 jobs last month. The government released the numbers one day early because of the July 4 holiday.

Update at 8:35 a.m. ET: 288,000 Jobs Added

"Total nonfarm payroll employment increased by 288,000 in June, and the unemployment rate declined to 6.1 percent," the Bureau of Labor Statistics says.

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Business
4:07 am
Thu July 3, 2014

Before The Holiday Weekend, Latest Jobless Report Is Issued

Originally published on Thu July 3, 2014 9:14 am

Transcript

DAVID GREENE, HOST:

We'll get an important snapshot of the U.S. economy today. The job market in this country has been racking up some healthy gains over the past few months. That trend is expected to continue. We'll find out if it does when the Labor Department releases its monthly jobs report later this morning. Here's a preview from NPR's Jim Zarroli.

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NPR Story
3:18 am
Thu July 3, 2014

China Announces Another Easing Of Its Currency Controls

Originally published on Thu July 3, 2014 9:14 am

Transcript

DAVID GREENE, HOST:

NPR Story
3:18 am
Thu July 3, 2014

Supreme Court's Hobby Lobby Ruling Yields Polarized Debate

Originally published on Thu July 3, 2014 9:14 am

Transcript

RENEE MONTAGNE, HOST:

Now let's get one more perspective on a deeply polarized debate, a debate set off by this week's Supreme Court ruling in a case brought by the craft store chain Hobby Lobby. The court found that some business owners with religious objections to contraceptives cannot be required to provide them to their employees with their health insurance plans. But does that ruling end there? Our Steve Inskeep digs deeper into what's fueling this debate.

STEVE INSKEEP, HOST:

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Business
1:09 am
Thu July 3, 2014

An Uncertain Future For The U.S. Terrorism Insurance Program

If the government scales back its terrorism insurance program, the cost of doing business in America's downtowns could rise significantly.
Gary Hershorn/Insider Images EPA/Landov

Originally published on Thu July 3, 2014 10:16 am

If terrorists were to attack a U.S. city again, who would pay for catastrophic damage? In the aftermath of the Sept. 11, 2001, attacks on New York, Congress provided the answer: the Terrorism Risk Insurance Act.

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The Salt
3:37 pm
Wed July 2, 2014

Big Bucks From Strawberry Genes Lead To Conflict At UC Davis

Originally published on Wed July 2, 2014 4:26 pm

Yesterday, we reported on a legal tussle over control of the country's top center of strawberry breeding, at the University of California, Davis. But there's a backstory to that battle. It involves the peculiar nature of the UC Davis strawberry program.

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Around the Nation
3:31 pm
Wed July 2, 2014

Florida County Goes To Court Over 'Acid Fracking' Near Everglades

Originally published on Wed July 2, 2014 5:20 pm

In southwest Florida, county officials are fighting the state over a new oil drilling process that's known by many different names: acidification, acidizing, acid stimulation and acid fracking.

Collier County has charged that state regulators have been lax in their oversight of the drilling, jeopardizing public health and the environment.

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The Two-Way
2:22 pm
Wed July 2, 2014

Facebook's Sandberg Apologizes For Newsfeed Experiment

Facebook chief operating officer Sheryl Sandberg addresses an interactive session organized by the women's wing of the Federation of Indian Chambers of Commerce and Industry (FICCI) in New Delhi on Wednesday.
Chandan Khanna AFP/Getty Images

Originally published on Wed July 2, 2014 5:10 pm

Facebook's No. 2 executive apologized on Wednesday over an experiment that manipulated the news feeds of more than 600,000 users.

The Wall Street Journal reports Sheryl Sandberg said the study was communicated "poorly." The paper adds:

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Planet Money
2:17 pm
Wed July 2, 2014

The Company Where Everyone Knows Everyone Else's Salary

Paycheck
iStockphoto.com

Originally published on Wed July 2, 2014 5:20 pm

Dane Atkinson is a tech entrepreneur who started his first company at 17 and has run almost a dozen more since. He's so friendly that he manages to sound cheerful while explaining the art of hiring workers for as little money possible.

"I have on many occasions paid the exact same skill set wildly different fees because I was able to negotiate with one person better than another," he says.

Some employees were worth $70,000 a year, but only asked for $50,000 a year. So, he says, he paid them $50,000 a year.

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Business
2:06 pm
Wed July 2, 2014

It's The Year Of The Recall, And It Finds GM Busy

Originally published on Wed July 2, 2014 5:20 pm

Transcript

MELISSA BLOCK, HOST:

From NPR News it's ALL THINGS CONSIDERED. I'm Melissa Block.

ROBERT SIEGEL, HOST:

And I'm Robert Siegel. It's the year of recalls in the auto industry, especially for General Motors. This week GM announced another slew of them, bringing its total to 54 recalls this year. Other automakers are also recalling more vehicles, but it's at GM where the pace is so fast, that it's hard to keep track. But NPR's Sonari Glinton is keeping track and he now joins us to talk about how the company is handling all of these recalls. Hi, Sonari.

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All Tech Considered
12:48 pm
Wed July 2, 2014

This Week's Innovation: Slippers That Fit Like A Second Skin

The slipper is made from thermosetting PVC material. Designer Satsuki Ohata claims that once it hardens to your foot's individual shape, the slippers can be worn inside and outside.
Satsuku Ohata

Originally published on Wed July 2, 2014 1:12 pm

If you've ever struggled with finding shoes that fit your feet perfectly, take heart. A Japanese designer has taken that universal need to a whole new level — and it all started with cheese.

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Business
11:39 am
Wed July 2, 2014

Unions Fear High Court's Ruling Opens Door To More Trouble

The Supreme Court decision held that health care workers could not be forced to pay fees to the union recognized by the state of Illinois, because the state is not their direct employer. Some fear this will lead to further erosion of unions.
Pablo Martinez Monsivais AP

It wasn't the worst possible outcome for public sector unions. But that could still happen.

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The Salt
8:32 am
Wed July 2, 2014

'Frobot' Creator: Taking Frozen Yogurt Where It's Never Been Before

Mallika Padmanabhan (left) and Joshua Margolin order frozen yogurt from the Frobot in Washington, D.C.
Nicholas St. Fleur/NPR

Originally published on Wed July 2, 2014 3:32 pm

There has been a lot of talk of disrupting the food system lately. Bill Gates, among others, has said the way we produce meat is hugely inefficient — and is crying for Silicon Valley-style disruption. That's why he's investing in chicken-less eggs.

But frozen yogurt?

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The Two-Way
5:40 am
Wed July 2, 2014

Book News: Amazon Defends Negotiating Tactics In Hachette Fight

Kevork Djansezian Getty Images

Originally published on Wed July 2, 2014 6:50 am

The daily lowdown on books, publishing, and the occasional author behaving badly.

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Business
5:01 am
Wed July 2, 2014

Number Of U.S. Breweries Is On The Rise

Originally published on Wed July 2, 2014 5:53 am

Between 2007 and 2012, Census Bureau data show the number of breweries in the U.S. more than doubled to 869. And shipments from those breweries went up almost 34 percent.

Business
4:58 am
Wed July 2, 2014

Despite Recalls, GM Sales Jump By 1 Percent

Originally published on Wed July 2, 2014 5:53 am

Transcript

RENEE MONTAGNE, HOST:

Business
3:11 am
Wed July 2, 2014

T-Mobile Accused Of Billing Customers With Bogus Fees

Originally published on Wed July 2, 2014 12:04 pm

The Federal Trade Commission says the illegal charges were for premium services customers didn't order. T-Mobile says the suit is unfounded, and that it stopped billing for the services last year.

Business
3:09 am
Wed July 2, 2014

Reliance On Systems At P&G Could Help VA Nominee McDonald

Originally published on Wed July 2, 2014 5:53 am

Transcript

DAVID GREENE, HOST:

President Obama has nominated a former Army ranger to take over the troubled Department of Veterans Affairs. Robert McDonald is also the former CEO of Procter & Gamble. He spoke on Monday about the challenges he'll face if confirmed to head the VA.

ROBERT MCDONALD: At Procter & Gamble, we always focus on our customer. At the VA, the veteran is our customer. And we must all focus all day, every day on getting them the benefits and the care that they so earned.

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Economy
2:11 am
Wed July 2, 2014

A 'Lost Generation Of Workers': The Cost Of Youth Unemployment

Alexandria Roberts, 23, recently graduated from the University of Nevada but hasn't been able to find full-time work. She plans to join the military soon, unless her employment situation changes.
Will Stone Reno Public Radio

Originally published on Mon July 21, 2014 7:52 am

It makes some sense that young people might work less than their older counterparts. They are figuring out their lives, going in and out of school and making more short-term plans.

But a whopping 5.8 million young people are neither in school nor working. It is "a completely different situation than we've seen in the past," says Elisabeth Jacobs, the senior director for policy and academic programs at the Washington Center for Equitable Growth.

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Around the Nation
2:01 am
Wed July 2, 2014

For Sale: Vacant Lots On Chicago Blocks, Just $1 Each

Sonya Harper picks peppermint she's been growing in a vacant lot on her block in Chicago. With her neighbors, she's hoping to acquire two adjacent overgrown lots under the city's "Large Lot Program" so they can expand the community garden.
David Schaper

Originally published on Wed July 2, 2014 12:08 pm

Chicago is practically giving away land: vacant lots for just $1 each. The catch? To buy one, you must already own a home on the same block.

Like many U.S. cities, Chicago has struggled with what to do with a growing number of empty lots in the wake of the foreclosure crisis. Efforts to develop affordable housing or urban farms have had some mixed results.

So Chicago officials and community development advocates hope the vacant lot program can help spark a renewal in some of the city's most blighted areas.

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Shots - Health News
1:49 am
Wed July 2, 2014

Targeting Overweight Workers With Wellness Programs Can Backfire

Originally published on Wed July 2, 2014 12:08 pm

Employers say obesity is a top health concern for their workers. But health is a sensitive and personal issue. Some employees say these wellness initiatives can go too far.

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Business
2:25 pm
Tue July 1, 2014

Hobby Lobby Ruling Raises A Question: How To Define 'Closely Held'?

Originally published on Tue July 1, 2014 5:37 pm

Transcript

ROBERT SIEGEL, HOST:

The Supreme Court ruled yesterday that closely held companies may, for religious reasons, opt out of paying for their workers' contraception. Closely held is the key phrase, here. And as NPR's Yuki Noguchi reports, it's a phrase that is now being closely examined.

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The Two-Way
12:57 pm
Tue July 1, 2014

FTC Alleges T-Mobile Charged Customers Millions In Bogus Charges

Originally published on Tue July 1, 2014 5:49 pm

The Federal Trade Commission filed a complaint on Tuesday, alleging that wireless provider T-Mobile made hundreds of millions of dollars on bogus charges against its customers.

Essentially, the FTC claims that T-Mobile knew that its customers never ordered text message subscriptions for things like "flirting tips, horoscope information or celebrity gossip," but it still continued to charge them $9.99 a month for the service.

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The Salt
11:35 am
Tue July 1, 2014

'The Great Fish Swap': How America Is Downgrading Its Seafood Supply

Paul Greenberg says the decline of local fish markets, and the resulting sequestration of seafood to a corner of our supermarkets, has contributed to "the facelessness and comodification of seafood."
J. Scott Applewhite AP

Originally published on Thu July 3, 2014 10:09 am

What's the most popular seafood in the U.S.? Shrimp. The average American eats more shrimp per capita than tuna and salmon combined. Most of that shrimp comes from Asia, and most of the salmon we eat is also imported. In fact, 91 percent of the seafood Americans eat comes from abroad, but one-third of the seafood Americans catch gets sold to other countries.

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Money Coach
11:25 am
Tue July 1, 2014

To Get Kids To Save Their Summer Money, Turn To 'Simple Lessons'

Originally published on Tue July 1, 2014 12:20 pm

Transcript

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Business
10:00 am
Tue July 1, 2014

Own A South Dakota Prairie Town For $400,000

Originally published on Tue July 1, 2014 12:24 pm

Transcript

RENEE MONTAGNE, HOST:

And that brings us to the last word in Business which is no sweat. You too can own a piece of the old American frontier.

DAVID GREENE, HOST:

An entire town nestled in the flat prairie lands of South Dakota is up for sale for $400,000. You can own Swett - S, W, E, T, T - Swett, South Dakota.

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Business
9:55 am
Tue July 1, 2014

GM Recalls Another 8.5 Million Vehicles

Originally published on Tue July 1, 2014 12:24 pm

Transcript

DAVID GREENE, HOST:

Shots - Health News
6:55 am
Tue July 1, 2014

Skimpier Health Plans Could Impose Big Out-Of-Pocket Costs

iStockphoto

Originally published on Tue July 1, 2014 1:02 pm

People are worried about being able to pay for health insurance. So the insurance industry and a group of Democratic senators have proposed offering cheaper, skimpier "copper plans" on the health law's marketplaces that could draw in people who were unhappy with the cost of available plans.

But consumer advocates and others who study the insurance market suggest that there may not be a big demand for these plans and that they could expose people to unacceptably high out-of-pocket costs if they got sick.

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Law
3:21 am
Tue July 1, 2014

Supreme Court Wraps Up Term Issuing 2 Major Decisions

Originally published on Tue July 1, 2014 12:24 pm

Transcript

DAVID GREENE, HOST:

This is MORNING EDITION from NPR News. Good morning. I'm David Greene.

RENEE MONTAGNE, HOST:

And I'm Renee Montagne. The U.S Supreme Court has wrapped up its latest term, issuing two important decisions. One is a setback for the Affordable Care Act and a victory for some for-profit companies.

GREENE: The other decision is a major defeat for public employee unions. We'll hear reaction to both decisions in a few minutes. We begin our coverage with NPR legal affairs correspondent Nina Totenberg.

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Business
3:21 am
Tue July 1, 2014

Supreme Court Ruling Draws Attention To Business Lingo

Originally published on Tue July 1, 2014 12:24 pm

Transcript

DAVID GREENE, HOST:

The U.S. Supreme court ruled yesterday that the owners of closely held for-profit corporations, like Hobby Lobby, the chain of stores that brought the case, do not have to cover FDA-approved contraceptives in their employee health insurance.

RENEE MONTAGNE, HOST:

In this decision, the words closely held stood out. What does closely held actually mean? While the IRS offers a long technical definition, we wanted a simpler one.

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