Business

Business
2:50 am
Fri November 15, 2013

JPMorgan's Twitter Campaign Backfires Against Bank

Originally published on Fri November 15, 2013 8:49 am

Transcript

RENEE MONTAGNE, HOST:

Our today's last word in business today goes to the people who got the last word on Twitter. JPMorgan tried a Twitter public relations stunt. It announced that the company's vice chairman, Jimmy Lee, would take over the company's Twitter account. In other words, he could field questions from the masses.

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Politics
2:50 am
Fri November 15, 2013

Obama Apologizes, Offers Fix To Insurance Cancellations

Originally published on Fri November 15, 2013 8:49 am

President Obama has acknowledged the fumbled rollout of his signature health care law has hurt his credibility and that of fellow Democrats. He offered a minor change to the law in hopes of calming Democratic nerves, and beating back bigger changes proposed by House Republicans.

Shots - Health News
1:32 am
Fri November 15, 2013

Medicare Penalizes Nearly 1,500 Hospitals For Poor Quality Scores

Originally published on Fri November 15, 2013 8:49 am

While the health law's insurance markets are still struggling to get off the ground, the Obama administration is moving ahead with its second year of meting out bonuses and penalties to hospitals based on the quality of their care. This year, there are more losers than winners.

Medicare has raised payment rates to 1,231 hospitals based on two-dozen quality measurements, including surveys of patient satisfaction and — for the first time — death rates. Another 1,451 hospitals are being paid less for each Medicare patient they treat for the year that began Oct. 1.

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Planet Money
1:06 am
Fri November 15, 2013

What's A Bubble?

Robert Shiller and Eugene Fama shared this year's Nobel Memorial Prize.
AP

Originally published on Sun November 17, 2013 11:58 am

Robert Shiller was surprised when he got the call telling him he'd won the Nobel Memorial Prize in economics — surprised that he'd won (of course), but also surprised that he was sharing the award with Eugene Fama.

"He and I seem to have very different views," Shiller told me. "It's like we're different religions."

In particular, they have very different views about economic bubbles.

"The word 'bubble' drives me nuts, frankly," Fama told me.

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The Salt
4:28 pm
Thu November 14, 2013

What's The Most Important Thing Food Labels Should Tell Us?

Illustration by Daniel Horowitz for NPR

Originally published on Thu November 14, 2013 5:29 pm

Food labels have become battlegrounds. Just last week, voters in Washington state narrowly defeated a measure that would have required food manufacturers to reveal whether their products contain genetically modified ingredients.

Supporters of the initiative — and similar proposals in other states — say that consumers have a right to know what they're eating.

But there are lots of things we might want to know about our food. So what belongs on the label?

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The Kennedy Assassination, 50 Years Later
3:16 pm
Thu November 14, 2013

JFK's Lasting Economic Legacy: Lower Tax Rates

Originally published on Wed November 20, 2013 2:00 pm

As the young U.S. senator takes the oath to become president, he sets out to fix an economy struggling with rising unemployment, slumping profits and depressed stock prices.

He knows the deep recession could prevent him from advancing his broader domestic and diplomatic agenda. Yes — all true for President Obama.

But that's what John F. Kennedy faced as well. On his frosty Inauguration Day in January 1961, Kennedy had to start fulfilling his campaign pledge to "get America moving again." Like Obama, he would need to win over a deeply skeptical business community.

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All Tech Considered
3:15 pm
Thu November 14, 2013

For Ridesharing Apps Like Lyft, Commerce Is A Community

A Lyft driver in San Francisco drops off a passenger as a taxi passes by. The smartphone app lets city dwellers hitch rides from strangers.
Jeff Chiu AP

Originally published on Thu November 14, 2013 5:34 pm

This week on-air and online, the tech team is exploring the sharing economy. You'll find the stories on this blog and aggregated at this link, and we would love to hear your questions about the topic. Just email, leave a comment or tweet.

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Politics
3:15 pm
Thu November 14, 2013

Obama's Fed Chair Choice Gets First Confirmation Hearing

Originally published on Thu November 14, 2013 5:29 pm

Transcript

ROBERT SIEGEL, HOST:

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

AUDIE CORNISH, HOST:

And I'm Audie Cornish.

Janet Yellen took another historic step today on the road to becoming the first woman to head Federal Reserve. Appearing calm and comfortable in the spotlight at her first confirmation hearing, Yellen answered questions about the Fed's controversial stimulus program, it's efforts to reduce unemployment and her commitment to controlling inflation.

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All Tech Considered
2:26 pm
Thu November 14, 2013

Electric Cars Drive Demand For Cheaper, More Powerful Batteries

A prototype of a flexible battery from Imprint Energy, one of 40 companies working on battery technology in the San Francisco Bay Area.
Imprint Energy

Originally published on Thu November 14, 2013 5:29 pm

If there's one person you'd expect to have an electric car, it's Venkat Srinivasan. He's in charge of battery research at the Lawrence Berkeley National Laboratory in California.

"I'm actually in the market for a new car and would love to buy an electric car," he says. "But there are practical problems."

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The Two-Way
11:50 am
Thu November 14, 2013

Federal Reserve Nominee Yellen Navigates Confirmation Hearing

Janet Yellen, President Obama's nominee to become the next chairman of the Federal Reserve Board, is sworn in Thursday on Capitol Hill for her confirmation hearing.
Jacquelyn Martin AP

Originally published on Thu November 14, 2013 3:58 pm

Janet Yellen cleared a key hurdle Thursday, as her confirmation hearing to become the next chair of the Federal Reserve went smoothly. There were only a few snags in roughly two hours of questions and discussions between Yellen and members of the Senate banking committee.

Many of the senators lauded Yellen's extensive experience, as well as her adherence to views they heard her discuss in private meetings on Capitol Hill in recent weeks.

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The Two-Way
7:07 am
Thu November 14, 2013

Yellen To Say Economy Needs Support, New Data Seem To Agree

Originally published on Thu November 14, 2013 8:28 am

As Federal Reserve Vice Chairman Janet Yellen prepares to tell the Senate Banking Committee that she supports continuing the central bank's policy of buying billions of dollars' worth of bonds to boost the economy, there's fresh evidence that the relatively slow economic recovery continues to be ... relatively slow.

The Employment and Training Administration said Thursday that there were 339,000 first-time claims for jobless benefits filed last week, down by just 2,000 from the week before.

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The Two-Way
6:22 am
Thu November 14, 2013

JPMorgan's Payments To China's Elite Being Probed: Report

Wen Jiabao, when he was China's premier, at a banquet in 2010.
Barbara Walton/pool AFP/Getty Images

Originally published on Thu November 14, 2013 8:23 am

The Securities and Exchange Commission and the U.S. attorney's office in Brooklyn, N.Y., are looking into $1.8 million that JPMorgan Chase paid to a two-person firm in China from 2006 to 2008, The New York Times reports.

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Politics
4:53 am
Thu November 14, 2013

Rep. Waxman Weighs In On Affordable Care Act Problems

Transcript

RENEE MONTAGNE, HOST:

This is MORNING EDITION from NPR News. I'm Renee Montagne.

STEVE INSKEEP, HOST:

And I'm Steve Inskeep. Let's hear next from a defender of Obamacare, the Affordable Care Act. Democratic Congressman Henry Waxman of California is on the line. Congressman, welcome back to the program.

REPRESENTATIVE HENRY WAXMAN: Thank you. Pleased to be with you.

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Business
4:53 am
Thu November 14, 2013

How Best To Manage Workplace Bullying

Transcript

RENEE MONTAGNE, HOST:

Allegations that Miami Dolphins players harassed one of their own teammates got us thinking about other subtle forms of intimidation that can happen in the workplace. One out of every three people report being bullied on the job. That's according to a survey done by the Workplace Bullying Institute. Its director, Gary Namie, spoke to NPR's Linda Wertheimer. He told her bullying happens across income levels but that it's more likely to occur in particular professions.

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Politics
4:22 am
Thu November 14, 2013

Senate Panel To Hear From Fed Chief Nominee Janet Yellen

Originally published on Thu November 14, 2013 4:53 am

The first woman to be nominated to head the Federal Reserve takes the witness chair on Capitol Hill Thursday morning for her confirmation hearing. Janet Yellen's challenge will be to reassure her Democratic supporters that she's focused on job creation, while convincing at least a few Republicans that she'll keep inflation in check.

Business
3:25 am
Thu November 14, 2013

U.S. Oil Production Surpasses Foreign Imports

Originally published on Thu November 14, 2013 4:53 am

Transcript

RENEE MONTAGNE, HOST:

NPR's business news starts with an American energy boom.

(SOUNDBITE OF MUSIC)

MONTAGNE: Yesterday, White House spokesman Jay Carney made this announcement.

JAY CARNEY: In October, for the first time in nearly two decades, domestic oil production - which is at a 24 year high, surpassed foreign oil imports.

MONTAGNE: As NPR's Wendy Kaufman reports, The U.S. is producing more crude oil at home than it imports, the U.S. is still a long way from energy independence, but the trend is decidedly positive.

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Health Care
3:25 am
Thu November 14, 2013

Health Care Registration Numbers Are Revealed

Originally published on Thu November 14, 2013 4:53 am

The Obama administration says just about 100,000 people managed to choose health plans through the federal and state health exchanges during their first month of the program. Critics say that shows the law is failing. But most analysts say the first month's numbers wouldn't have meant very much, even if the federal website had been working properly.

Business
3:25 am
Thu November 14, 2013

Will Bitcoin Ever Rival U.S. Dollar?

Originally published on Thu November 14, 2013 5:15 am

Bitcoin is an online currency backed by nothing except faith that others will accept it. A young American couple wondered how far could they could push it. The Wall Street Journal reports the couple traveled to three continents, and managed to persuade merchants everywhere to accept the currency. Almost everywhere — they did go hungry for a night in Stockholm.

Business
3:25 am
Thu November 14, 2013

Fracking Boom Gives U.S. Geopolitical Leverage

Originally published on Thu November 14, 2013 5:19 am

Transcript

RENEE MONTAGNE, HOST:

American oil production has grown so much that it may affect American global strategic thinking. The technology known as fracking has allowed a flood of previously inaccessible oil.

STEVE INSKEEP, HOST:

It has also prompted a flood of questions about polluting ground water and other environmental effects. But fracking has given the global oil market a fresh source of supplies.

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All Tech Considered
3:07 pm
Wed November 13, 2013

The Tech Stats We Now Know About HealthCare.gov

Todd Park, the U.S. chief technology officer, testifies before the House oversight committee about problems implementing the health care program.
J. Scott Applewhite AP

Originally published on Wed November 13, 2013 6:01 pm

The big numbers out today are the administration's counts of how many people actually enrolled in health exchanges between Oct. 1 and Nov. 2. More than 106,000 Americans selected health plans in the first month, the government said.

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Parallels
3:07 pm
Wed November 13, 2013

Americans Might Soon Get To Buy Mexican Beachfront, Border Land

Rosarito, Mexico, near the U.S. border in the Mexican state of Baja California, is home to thousands of Americans who live there full or part time, many in properties with long-term leases. A proposed change to Mexican law would allow foreigners outright ownership of Mexican beachfront properties.
Guillermo Arias AP

Originally published on Wed November 13, 2013 6:01 pm

For the first time in nearly a century, Mexico is considering letting foreigners own land outright along the coast and near international borders. Right now, only Mexicans can hold the title to land in the so-called restricted zone. The president and many lawmakers want to relax the ownership laws in hopes of spurring a wave of foreign investment in the country.

But others are crying foul and reviving nationalistic fears of foreign invasion and domination that incited enactment of the law so many years ago.

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Health Care
3:07 pm
Wed November 13, 2013

The Health Care Numbers Are Out, And They're Disappointing

Originally published on Thu November 14, 2013 9:46 am

The Obama administration released its much anticipated enrollment numbers for the first month of the troubled HealthCare.gov website Wednesday. And as predicted, the numbers were disappointing.

Just over 100,000 people managed to navigate the process and choose a health plan between Oct. 1 and Nov. 2 — 106,185 people, to be precise.

But barely a quarter of those, 26,794, enrolled through the federal website that's signing up people in 36 of the states. The rest enrolled through state marketplaces.

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The Two-Way
2:08 pm
Wed November 13, 2013

More Than 106,000 Chose Health Plans Under Affordable Care Act

Health and Human Services Secretary Kathleen Sebelius issued a report Wednesday revealing that 106,185 Americans selected a health plan in the new marketplace from Oct. 1 to Nov. 2.
Chip Somodevilla Getty Images

Originally published on Wed November 13, 2013 4:47 pm

More than 106,000 Americans selected health plans in the first reporting period of open enrollment for the new health insurance marketplace, according to data released Wednesday by the Department of Health and Human Services.

That number is only "about 20 percent of the government's October target," as NPR's Scott Horsley reports for our Newscast unit.

Less than 27,000 people used the federal HealthCare.gov site to select a plan. The overall number includes enrollments made via federal and state marketplaces from Oct. 1 to Nov. 2, the agency says.

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Author Interviews
11:27 am
Wed November 13, 2013

Christmas Lights Make Slippers In Global 'Junkyard' Economy

A woman worker sorts used plastic bottles at a recycle center in Mumbai, India.
Rajanish Kakade AP

Originally published on Wed November 13, 2013 5:01 pm

When you think of recycling, you probably think of cans, plastic bottles and newspapers. Well, think a little bigger.

There are businesses devoted to recycling metal, paper, plastic, oil, textiles, cell phones, computers, motors, batteries, Christmas lights, cars and more. The hidden world of globalized recycling and reclamation, and its impact on the environment and the global economy, is the subject of the new book Junkyard Planet by journalist Adam Minter.

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The Two-Way
10:05 am
Wed November 13, 2013

ANALYSIS: Why Is '60 Minutes' So Tight-Lipped In Its Benghazi Apology?

CBSNews.com

Originally published on Wed November 13, 2013 2:51 pm

(This post was updated at 4:40 p.m. ET)

How did TV's most storied newsmagazine make such a huge mistake? And why won't they explain exactly what happened?

Those are the questions left unanswered days after 60 Minutes correspondent Lara Logan and CBS News Chairman Jeff Fager retracted an Oct. 27 story about the terrorist attack on the U.S. mission in Benghazi, Libya, that featured a suspect source: government contractor Dylan Davies.

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All Tech Considered
8:52 am
Wed November 13, 2013

This Device Lets You Order A Pizza With The Push Of A Button

Parts for the PiePal were 3-D printed.
Courtesy of iStrategyLabs

Originally published on Mon November 18, 2013 9:01 pm

In our Weekly Innovation series, we pick an interesting idea, design or product that you may not have heard of yet. Got an innovation you think we should feature? Fill out our form.

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Health Care
3:11 am
Wed November 13, 2013

Democrats Join Calls To Rectify Canceled Health Insurance

People protest President Obama's "If you like your insurance you can keep it" comment during a presidential visit to Dallas last week.
Pablo Martinez Monsivais AP

Originally published on Thu November 14, 2013 12:57 pm

In Washington this week, calls to fix the problem of people getting insurance cancellation notices are getting louder and coming from all sides. But turning back the clock on health insurance cancellations turns out to be a lot harder than it sounds.

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Business
3:11 am
Wed November 13, 2013

To Merge, American, U.S. Airways Must Give Up Slots

The Justice Department said the new, combined airline will hand over some slots at key airports to low-cost competitors to assuage antitrust concerns.

Business
3:11 am
Wed November 13, 2013

'Banking Deserts' Spread Across Low-Income Neighborhoods

Originally published on Wed November 13, 2013 5:06 am

The closure of bank branches can leave people in low-income areas vulnerable to predatory lenders and pricey check cashers. On the west side of Dayton, Ohio, residents and businesses are trying to entice banks to come back after a recent closure created a banking desert nearly five miles wide.

Business
3:11 am
Wed November 13, 2013

The Last Word In Business: Soaring Price Of Bacon

Originally published on Wed November 13, 2013 5:50 am

The late Irish-born painter Francis Bacon is known for dark and often disturbing imagery. Bacon's work shattered records when his portrait, "Three Studies of Lucian Freud," sold for more than $142 million.

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