Business

Economy
3:48 am
Mon August 12, 2013

Sequestration Has Georgia Town On Edge

Originally published on Mon August 12, 2013 6:53 am

Warner Robins, Ga., is a booming community that is entirely dependent on civilian Defense Department employment. The local Air Force Base is massive, but because it's mostly a logistics depot, the bulk of the employees are not service members.

The Salt
1:09 am
Mon August 12, 2013

Food Delivery Hits The Web, But Restaurants Pay The Price

A Seamless sticker is displayed next to the menu in the window of a restaurant in New York's Times Square on Saturday. Rivals Seamless and GrubHub said Friday that they have completed their combination, creating an online takeout company covering about 25,000 restaurants in 500 cities.
Mary Altaffer AP

Originally published on Mon August 12, 2013 6:56 am

Two big restaurant delivery websites — Grubhub and Seamless — have announced a merger. Together, they'll allow diners in 500 cities the convenience of ordering from thousands of restaurants with just a few clicks on their computer. For restaurants, the costs of being on these websites can be hard to swallow.

Read more
Parallels
1:08 am
Mon August 12, 2013

Too Much, Too Fast: China Sees Backlash From Massive Growth

Originally published on Mon August 12, 2013 9:25 am

At a time when much of the world is mired in economic torpor, China still enjoys enviable growth rates. Yet there's no question that its economy is growing more slowly these days.

Just ask Yan Liwei, a salesman for a construction materials company, who was visiting a park in Shanghai this weekend.

"The number of new construction projects is declining somewhat. It's taking longer for many of our clients to pay us what they owe," Liwei says. "Many small and midsized developers are feeling a cash crunch."

Read more
The Salt
2:55 am
Sun August 11, 2013

America, Are You Tough Enough To Drink Real Russian Kvas?

A man drinks fresh kvas, the ancient Russian fermented-bread drink, in Zvenigorod, 35 miles west of Moscow.
Dmitry Lovetsky AP

Originally published on Wed August 14, 2013 12:09 pm

While American kids stand in line for the ice cream truck on sweltering summer days, kids in Russia have historically queued up for something different: the kvas truck.

Kvas is a fermented grain drink, sort of like a barely alcoholic beer. And in the heat of the summer, it was served from a big barrel on wheels, with everyone lining up for their turn at the communal mug. It may sound like a far cry from rocket pops and ice cream sandwiches, but most Russians have fond memories.

Read more
Media
3:50 pm
Sat August 10, 2013

The Tricky Business Of Predicting Where Media Will Go Next

On Monday, the Washington Post Co. announced the sale of its newspaper to Amazon CEO Jeff Bezos, a move that comes as the paper struggles to keep up revenue.
Brendan Smialowski AFP/Getty Images

Originally published on Mon August 12, 2013 11:26 am

What's next for The Washington Post? With a new owner, the paper is stepping into a new era. Its path may lead to the ever-evolving future of journalism.

"There is no map, and charting a path ahead will not be easy," said Amazon founder Jeff Bezos with the announcement of his purchase Monday. "We will need to invent, which means we will need to experiment."

Read more
Economy
6:21 am
Sat August 10, 2013

Rise Of The New American Barons

Originally published on Fri August 16, 2013 11:49 am

Transcript

CELESTE HEADLEE, HOST:

This is WEEKEND EDITION, from NPR News. I'm Celeste Headlee. This week, Amazon.com's Jeff Bezos bought The Washington Post; Google's Sergey Brin backed the creation of a lab-grown beef burger. Then there's Richard Branson and his commercial space flights, and Oracle CEO Larry Ellison's win in the America's Cup - a very small group of incredibly well-heeled men with the power, and the deep pockets, to effect real change in the world.

Read more
Economy
6:21 am
Sat August 10, 2013

Housing Market Shows More Signs Of Life

Originally published on Sun August 11, 2013 5:43 am

Transcript

CELESTE HEADLEE, HOST:

This week, the U.S. housing market showed a few more signs of life. New reports show home sales and prices rising. And those gains have been coming despite the recent rise in interest rates. Meanwhile, President Obama spoke out about changes he'd like to see in the mortgage market. We're joined now by NPR correspondent Chris Arnold who's been keeping an eye on all of this. Hi, Chris.

CHRIS ARNOLD, BYLINE: Hey, Celeste.

Read more
Parallels
3:41 am
Sat August 10, 2013

Russian Vodka (Made In Latvia) And Other 'National' Products

If you look carefully, you'll see that the labels on bottles of Stolichnaya vodka sold outside Russia (like these in New York City) read "Premium Vodka," not "Russian Vodka."
Craig Barritt Getty Images for Tribeca Film Festival

Originally published on Wed October 9, 2013 2:01 pm

Activists around the world are trumpeting a call to "Dump Russian Vodka" — Stolichnaya, in particular — a protest against the implementation of several anti-gay laws in Russia, the latest in a marked surge in anti-gay sentiment and violence in the country.

Read more
Sports
2:37 am
Sat August 10, 2013

Bocce Ball: From Old-World Sport To New-School Phenomenon

Talbot Martin plays bocce ball at the Washington bar and restaurant Vendetta.
Hayley Bartels NPR

On the corner of H and 12 streets, across from the auto parts store sits a decently sized Italian restaurant and bar called Vendetta. Inside, there's a wooden bar and brick walls salvaged from churches in upstate New York and Maryland, and authentic Italian advertisements line the walls. Upstairs, old restored Italian Vespas hang from the ceiling.

Read more
The Two-Way
4:38 pm
Fri August 9, 2013

ITC Says Samsung Infringed On Apple Patents

A woman talks on an iPhone as she walks past construction of a new Apple store in Berlin in April.
Sean Gallup Getty Images

Originally published on Fri August 9, 2013 5:18 pm

U.S. trade officials have ruled that South Korea's Samsung infringed on patents owned by Apple for specific smartphone features, ratcheting up a tit-for-tat legal battle between the two electronics giants that is matched only by the ferocity of their marketplace competition.

Read more
Planet Money
1:31 pm
Fri August 9, 2013

The Raisin Outlaw Of Kerman, Calif.

Raisin farmer Marvin Horne stands in a field of grapevines planted next to his home.
Gary Kazanjian AP

Originally published on Fri August 9, 2013 7:39 pm

Meet Marvin Horne, raisin farmer. Horne has been farming raisins on a vineyard in Kerman, Calif., for decades. But a couple of years ago, he did something that made a lot of the other raisin farmers out here in California really angry. So angry that they hired a private investigator to spy on Horne and his wife, Laura. Agents from a detective agency spent hours sitting outside the Hornes' farm recording video of trucks entering and leaving the property.

Read more
The Salt
10:40 am
Fri August 9, 2013

Wine Waste Finds Sweet Afterlife In Baked Goods

At her bakery in Costa Mesa, Calif., Rachel Klemek sells cabernet brownies made with a flour substitute derived from grape pomace, a byproduct of winemaking packed with nutrients known as polyphenols.
Mariana Dale NPR

Originally published on Sat August 10, 2013 9:26 am

When winemakers crush the juice from grapes, what's left is a goopy pile of seeds, stems and skins called pomace. Until several years ago, these remains were more than likely destined for the dump.

"The pomace pile was one of the largest problems that the wine industry had with sustainability," says Paul Novak, general manager for WholeVine Products, a sister company to winemaker Kendall-Jackson in Northern California.

Read more
The Two-Way
9:55 am
Fri August 9, 2013

Texans Call For Boycott Of Retailers That Fought Wage Bill

In Texas, back-to-school shoppers are being urged to boycott Macy's and Kroger stores for their efforts to quash a wage fairness bill. In this file photo, a man shops at a Sears store in Fort Worth.
Tom Pennington Getty Images

Originally published on Fri August 9, 2013 11:56 am

A group is calling on back-to-school shoppers to boycott Macy's and Kroger stores in Texas this weekend, in retaliation for the national retailers' efforts to quash a bill that would have strengthened the state's wage discrimination law.

Read more
Around the Nation
9:46 am
Fri August 9, 2013

Uncomfortable In America, Young Immigrant Says Goodbye

Tiffanie Drayton's mother moved her family to the U-S for a better life. But it wasn't all it was cracked up to be. Now back in her native Trinidad, Drayton tells host Michel Martin what inspired her to share her story in the Salon piece 'Goodbye to my American Dream.' Byline: Michel Martin

The Salt
9:31 am
Fri August 9, 2013

Why Picking Your Berries For $8,000 A Year Hurts A Lot

A Triqui Mexican picks strawberries at a farm in Washington state.
Courtesy of Seth Holmes

Originally published on Tue August 13, 2013 8:55 am

As the supply chain that delivers our food to us gets longer and more complicated, many consumers want to understand — and control — where their food comes from.

Read more
Business
8:28 am
Fri August 9, 2013

UBS To Pay $120 Million In Lehman Brothers Dispute

Originally published on Fri August 9, 2013 10:06 am

Transcript

LINDA WERTHEIMER, HOST:

NPR's business news starts with more fallout from the financial crisis.

Swiss banking giant UBS has agreed to pay $120 million to settle a lawsuit by investors. The case goes back to 2007. Investors say they were misled about the health of the financial firm Lehmann Brothers when UBS was selling them investments linked to Lehmann's debt. Lehmann collapsed into bankruptcy in September 2008. The settlement resolves claims of about $1 billion. Transcript provided by NPR, Copyright NPR.

Shots - Health News
8:19 am
Fri August 9, 2013

'Aetna, I'm Glad I Met Ya!' — On Twitter

Evidently, an old insurer can learn new tricks.
Bob Child AP

Originally published on Fri August 9, 2013 10:12 am

A few weeks back, Sharon Roberts, who had been diagnosed with endometrial cancer last year, tweeted:

@teachdance11: the BRCA gene test is 2 parts. Aetna paid $300 part. Not the $7000 part. Gotta be rich to be in the know

The 55-year-old teacher in Houston was surprised when @aetnahelp, a Twitter account created for customer assistance by the insurance company Aetna, quickly responded.

Read more
All Tech Considered
6:52 am
Fri August 9, 2013

The Sheryl Sandberg Effect: Rise Of Female COOs

Facebook CEO Mark Zuckerberg and Facebook COO Sheryl Sandberg, in 2008.
Dan Farber via Flickr

Originally published on Fri August 9, 2013 11:34 am

As part of our reboot of All Tech Considered, we've been inviting contributors to blog about big-picture questions facing tech and society. One theme we're exploring is the lack of women and people of color in tech — a gap so glaring that ridiculously long lines at tech conferences have inspired photo essays and Twitter feeds.

Read more
Business
4:25 am
Fri August 9, 2013

Powerball Winners Are Beginning To Come Forward

Originally published on Fri August 9, 2013 10:06 am

Transcript

DAVID GREENE, HOST:

And today's last word in business is jackpot.

Wednesday's $448 million Powerball drawing had three winning tickets. One is held by a project engineer in Minnesota. And this morning we're hearing some county garage workers in New Jersey have a lot to celebrate.

LINDA WERTHEIMER, HOST:

Read more
Business
4:22 am
Fri August 9, 2013

Britain's Trade Deficit Narrowed In June

Originally published on Fri August 9, 2013 10:06 am

Transcript

LINDA WERTHEIMER, HOST:

NPR's business news starts with good numbers for the U.K.

New data this morning shows Britain's trade deficit narrowed more than expected in June, helped by a healthy rise in exports. Exports hit $67 billion in June. That's a new high for the U.K. The strong performance indicates Britain may finally be emerging from years of stagnation. Transcript provided by NPR, Copyright NPR.

Business
3:55 am
Fri August 9, 2013

FTC Receives Complaints About Learning Apps For Babies

Originally published on Fri August 9, 2013 10:06 am

Transcript

DAVID GREENE, HOST:

Maybe you've seen a busy parent do this - hand over their smart phone to a child with a kid-friendly app running to keep them busy. Well, yesterday an advocacy group complained to the Federal Trade Commission that Fisher Price is deceiving parents by promoting its Laugh & Learn apps as educational.

NPR's Laura Sydell reports.

LAURA SYDELL, BYLINE: Babies are encouraged to learn about shapes and colors on this version of Laugh & Learn apps.

(SOUNDBITE OF LAUGH & LEARN APP)

Read more
Economy
3:22 am
Fri August 9, 2013

How is The U.S. Economy Doing? Examining Latest Data

Originally published on Fri August 9, 2013 10:06 am

Transcript

DAVID GREENE, HOST:

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

LINDA WERTHEIMER, HOST:

And I'm Linda Wertheimer.

It was a good week for the economy, at least according to the data. To talk about what the latest numbers tell us about the health of the economy, we reached Ryan Avent. He writes for The Economist magazine.

Good to have you on our program, Ryan.

RYAN AVENT: It's great to be here.

Read more
Digital Life
3:22 am
Fri August 9, 2013

New Digital Amber Alerts Could Create A Backlash

Amber Alerts were issued as cellphone text messages in California this week.
NPR

Originally published on Fri August 9, 2013 11:20 am

A couple of nights ago I had just closed my book, turned off my light, and was drifting off to sleep when my cellphone started to shriek. I shot awake and groped for the phone. My sleep-befuddled brain was greeted with this message: "Boulevard, CA Amber Alert update." Then there was a license plate number, and a make and model of the car.

Groggily, I Google this town — Boulevard, Calif. — and discovered it was 541 miles away from my house. That's more than the distance between Washington, D.C., and Detroit. I was mystified. Why was I getting this?

Read more
Planet Money
1:07 am
Fri August 9, 2013

Tourre Juror: 'We Saw Goldman As The Bigger Problem'

Fabrice Tourre, outside the courtroom. "We didn't feel any malice toward him," one of the jurors said.
Richard Drew AP

Originally published on Fri August 9, 2013 10:06 am

Beth Glover was a juror on the trial of former Goldman Sachs trader Fabrice Tourre. When the lawyers were discussing the mortgages tied to the securities at the center of the case, Glover realized that, for all intents and purposes, they were talking about her mortgage.

"When they were looking at the subprime mortgage groupings, I think I would have been in one of those," Glover told me. "I didn't have as great as FICO score at that time."

Read more
All Tech Considered
1:04 am
Fri August 9, 2013

On Vine, Brands Look To Deliver Their Message In Six Seconds

Jethro Ames uses the camera on his smartphone to take six- second videos on Vine. He's produced clips for various companies like GE Appliances and MTV.
Daniel Hajek NPR

Originally published on Fri August 9, 2013 10:06 am

Read more
Business
3:13 pm
Thu August 8, 2013

Fannie Mae Posts $10 Billion Profit In Second Quarter

Originally published on Thu August 8, 2013 4:56 pm

Transcript

AUDIE CORNISH, HOST:

From NPR News, this is ALL THINGS CONSIDERED. I'm Audie Cornish.

MELISSA BLOCK, HOST:

And I'm Melissa Block.

Today, mortgage giant Fannie Mae announced it made a $10 billion profit this past spring. That's a remarkable turnaround considering the government had to bail out Fannie Mae, along with Freddie Mac, when the housing bubble burst five years ago. It's certainly good news for taxpayers. It's also good news for homebuyers who count on the two companies to back most of the country's home loans.

Read more
Television
3:13 pm
Thu August 8, 2013

Why Hasn't The Internet Blown Up Cable TV's Business Model?

Originally published on Thu August 8, 2013 4:56 pm

Transcript

MELISSA BLOCK, HOST:

This is ALL THINGS CONSIDERED from NPR News. I'm Melissa Block.

AUDIE CORNISH, HOST:

And I'm Audie Cornish.

Since Friday, CBS has been off the air for millions of Time Warner Cable customers. The two sides are fighting over how much Time Warner pays to carry CBS. Then a remarkable thing happened. Time Warner offered to unbundle the TV network, meaning only customers who want it would pay for it. That's close to blasphemy in the cable business and CBS quickly shot down the idea.

Read more
The Two-Way
2:42 pm
Thu August 8, 2013

Email Service Allegedly Used By Edward Snowden Is Shut Down

The free email service Lavabit allowed users to send encrypted emails.
Lavabit

Originally published on Thu August 8, 2013 4:17 pm

The email service allegedly used by "NSA leaker" Edward Snowden is no more.

The owner and operator of Lavabit, which encrypts communication between two people, shut down the site and left a cryptic message on its homepage.

Read more
Found Recipes
1:51 pm
Thu August 8, 2013

Don't Let The Price Of Pine Nuts Keep You From Pesto

Julia della Croce says pistachio pesto is an economical — and delicious — alternative when Italian pine nuts can cost up to $120 per pound.
Nathan Hoyt Courtesy of Julia della Croce

Originally published on Fri August 16, 2013 3:10 pm

Basil is growing thick and leafy in many backyard gardens throughout the U.S. right now, which means many people are thinking about pesto. It's one of the more basic sauces you can make — in addition to basil, all you need is Parmesan or Romano cheese, a little garlic, some extra virgin olive oil and Italian pine nuts.

Read more
The Two-Way
9:42 am
Thu August 8, 2013

'New York Times' Is Not For Sale, Sulzberger Says

Ramin Talaie Getty Images

Originally published on Thu August 8, 2013 10:37 am

Responding to speculation that his newspaper would be next, New York Times Publisher and Chairman Arthur Sulzberger Jr. has issued a flat "the Times is not for sale" statement.

Read more

Pages