Business

Games & Humor
4:59 am
Wed June 25, 2014

Move Over Video Games, Board Games Aren't Dead Yet

Originally published on Wed June 25, 2014 10:48 am

Transcript

RENEE MONTAGNE, HOST:

The word gamer is pretty much synonymous with this sound.

(SOUNDBITE OF VIDEO GAME)

MONTAGNE: And also the image of someone glued to a video game. But many people are still getting together in real life to play games - board games, card games. And businesses are cropping up to provide venues for old-school gamers. Marielle Segarra has more.

MARIELLE SEGARRA, BYLINE: This is Brooklyn Game Lab, a gaming workshop and store in New York City.

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Business
3:15 am
Wed June 25, 2014

Political Support Erodes For Export-Import Bank

Originally published on Wed June 25, 2014 10:48 am

Transcript

DAVID GREENE, HOST:

The Export-Import Bank is an 80-year-old Washington institution whose mission is to help U.S. companies sell products abroad. Now the bank is being threatened with extinction. Tea Party Republicans argue that the bank's really just providing corporate welfare. NPR's John Ydstie has more.

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Business
3:06 am
Wed June 25, 2014

Regulators Debate Effective Punishments For Guilty Banks

Originally published on Wed June 25, 2014 10:48 am

Transcript

RENEE MONTAGNE, HOST:

And a lot of major banks have been getting into trouble lately - tax evasion, money-laundering, foreclosure, fraud - added to that list this week, sanctions violations. A big French bank will likely admit to the U.S. Justice Department that it handled billions of dollars in trades with Sudan. That's against the rules. But what are the consequences? As NPR's Zoe Chace explains, it's actually pretty hard to figure out how to punish a bank.

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NPR Story
3:04 am
Wed June 25, 2014

Ex-Credit Suisse Banker Pleads Guilty To Conspiracy

Originally published on Wed June 25, 2014 10:48 am

Transcript

RENEE MONTAGNE, HOST:

NPR's Business News starts with more banking fines. The former Credit Suisse banker David Higgs has been handed $950,000 in fines and penalties by New York court. Higgs pled guilty to conspiracy for his part in hiding subprime mortgage bond losses, back in 2012, worth $100 million. Last year, his former boss was sentenced to two and a half years in prison in the same case. This is one of the few criminal prosecutions to come out of the 2008 financial crisis. Transcript provided by NPR, Copyright NPR.

NPR Story
3:04 am
Wed June 25, 2014

Draft Of 'Like A Rolling Stone' Sells At Auction

Originally published on Wed June 25, 2014 10:48 am

Transcript

DAVID GREENE, HOST:

And today's last word in business. "Like A Rolling Stone" - the only handwritten copy of that famous Bob Dylan song about a person down on his luck, sold at auction this week to someone who clearly isn't.

RENEE MONTAGNE, HOST:

An anonymous bidder got it for $2 million. That's believed to be a record. This draft version of the song also includes rejected phrases, including dry vermouth, you'll tell the truth - also, something about Al Capone leading into the line, like a complete unknown.

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Around the Nation
1:25 am
Wed June 25, 2014

Trouble In Paradise: Opiate Use Spikes On Martha's Vineyard

A cache of Percocet and other opiates seized by Oak Bluffs police in an arrest earlier this year.
Courtesy of Oak Bluffs Police

Originally published on Wed June 25, 2014 10:48 am

Underneath the charm of Martha's Vineyard's picturesque beaches, peaceful woods and luxury homes is a problem: Since August, there have been six overdose deaths on the island.

"That's a phenomenal rate for a community of 16,000 people — and that's not to mention the overdoses that haven't been fatal," says Charles Silberstein, an addiction specialist and psychiatrist at Martha's Vineyard Hospital. "We've had overdoses for years, but I don't think we've ever seen this kind of number or frequency."

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It's All Politics
6:35 pm
Tue June 24, 2014

New House Leadership Puts Export Bank On Shakier Ground

The U.S. government-backed loans that help Boeing and other U.S. manufacturers sell abroad has opponents of renewing the Export-Import Bank's charter accusing it of crony capitalism.
Elaine Thompson AP

Originally published on Wed June 25, 2014 4:36 pm

The Export-Import Bank, created by President Franklin Roosevelt in 1934 to boost U.S. exports during the Great Depression, needs its charter to be reauthorized by September's end if it is to continue providing loans to U.S. exporters and overseas companies.

The bank has the support of House Majority Leader Eric Cantor, so it sounds like an easy vote.

But Cantor was recently defeated in his primary by David Brat, the libertarian college professor who portrayed the soon-to-be-ex-majority leader as a shameless tool of big business.

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All Tech Considered
3:25 pm
Tue June 24, 2014

A New Jersey Law That's Kept Smart Guns Off Shelves Nationwide

The Armatix smart gun is implanted with an electronic chip that allows it to be fired only if the shooter is wearing a watch that communicates with it through a radio signal. It is not sold in the U.S.
Michael Dalder Reuters/Landov

Originally published on Thu June 26, 2014 9:51 am

A gun that fires only in the hands of its owner isn't science fiction anymore. A so-called smart gun is already on sale in Europe. But you won't find it on store shelves in this country — in part because of an obscure New Jersey law that's had unintended consequences for the rest of the nation.

Basically, the Childproof Handgun Law of 2002 says that once "personalized handguns are available" anywhere in the country, all handguns sold in New Jersey must be smart guns within 30 months.

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Energy
2:58 pm
Tue June 24, 2014

In Wyoming, Going Deep To Draw Energy From Coal

Linc Energy has installed 44 monitoring wells at its proposed test site near Wright, Wyo., to establish baseline water quality.
Stephanie Joyce for NPR

Originally published on Wed June 25, 2014 7:42 am

The United States is the Saudi Arabia of coal. The only catch is that most coal is buried too deep for conventional mining.

In the tradition of fracking pioneers in the oil and gas industries, an Australian company working in Wyoming wants to use an unconventional technique to access that deep coal: burning it underground.

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Media
2:15 pm
Tue June 24, 2014

For UK Phone-Hacking Case, An End In Acquittal And Conviction

Originally published on Tue June 24, 2014 5:14 pm

Transcript

AUDIE CORNISH, HOST:

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The Two-Way
12:18 pm
Tue June 24, 2014

NTSB: Too Much Technology, Too Little Training Caused Asiana Crash

Asiana Flight 214 crashed at San Francisco International Airport in July 2013. The NTSB concluded Tuesday that an over-reliance on automated systems contributed to the crash.
Marcio Jose Sanchez AP

Originally published on Tue June 24, 2014 1:32 pm

Pilot misjudgment and an over-reliance on automated systems were the main causes of last year's crash of Asiana Flight 214 in San Francisco that killed three people, the National Transportation Safety Board concluded Tuesday.

The Boeing 777 with 307 people aboard came in too low and too slow in its landing approach, the NTSB said. It hit a seawall, ripping off the tail and sending the plane's fuselage skidding down the tarmac.

The board said there was confusion over whether the plane was maintaining adequate speed for landing.

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Business
10:39 am
Tue June 24, 2014

Interviewing 101: 'See Yourself As A Resource' To Employers

Transcript

MICHEL MARTIN, HOST:

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Planet Money
10:18 am
Tue June 24, 2014

How Much House You Can Buy, In 385 U.S. Cities

Houses.
Isaac Brekken AP

Originally published on Tue June 24, 2014 3:56 pm

Are home prices cheap in your city right now?

It's common to answer this question by talking about how prices today compare with prices last year, or to look at how prices in your city compare with prices in other cities.

But there's another way to frame the question: Compare home prices with income. You would expect that the ratio would be similar in different places. In cities where incomes are higher, home prices should also be higher. In cities where incomes are lower, home prices should also be lower.

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Shots - Health News
8:21 am
Tue June 24, 2014

Employer Health Costs Are Expected To Rise In 2015

Originally published on Tue June 24, 2014 8:40 am

Increases in health costs will accelerate next year, but changes in how people buy care will help keep the hikes from reaching the speed seen several years ago, PricewaterhouseCoopers says.

The prediction, based on interviews and modeling, splits the difference between hopes that costs will stay tame and fears that they're off to the races after having been slow since the 2008 financial crisis.

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Business
8:10 am
Tue June 24, 2014

1 Editor Cleared, 1 Found Guilty In U.K. Phone-Hacking Trial

Transcript

STEVE INSKEEP, HOST:

A British jury has reached verdicts in a trial stemming from a scandal involving hacking by tabloids. Several former editors and executives of Rupert Murdoch's newspapers face charges. Former News of the World editor, Andrew Coulson, was found guilty. Other editors were not. NPR's media correspondent David Folkenflik has been covering this story. Hi, David.

DAVID FOLKENFLIK, BYLINE: Hey, Steve.

INSKEEP: OK, so what are the verdicts here?

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The Two-Way
6:55 am
Tue June 24, 2014

U.K. Phone-Hacking Trial: Brooks Cleared, Coulson Found Guilty

Rebekah Brooks, former News International chief executive, leaves the Central Criminal Court in London on Tuesday, after being acquitted. Former News of the World editor Andy Coulson was convicted of phone hacking Tuesday.
Lefteris Pitarakis AP

Originally published on Tue June 24, 2014 9:21 am

Former News International leader Rebekah Brooks has been cleared of all misconduct in a headline-grabbing trial revolving around tycoon Rupert Murdoch's British media empire. Andy Coulson, the former editor of News of the World, was found guilty of conspiracy to hack personal voicemails.

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Around the Nation
4:35 am
Tue June 24, 2014

Chicago Program Designed To Prevent White Flight Gets Renewed Attention

Originally published on Tue June 24, 2014 8:10 am

Transcript

RENEE MONTAGNE, HOST:

In Chicago, a special tax program set up decades ago to prevent white flight from the city is getting some new attention. Natalie Moore of WBEZ reports from Chicago.

NATALIE MOORE, BYLINE: The year was 1983. A reformer promised a vision different from his opponents.

(SOUNDBITE FROM ARCHIVED RECORDING)

UNIDENTIFIED ANNOUNCER: Harold Washington has a different plan.

HAROLD WASHINGTON: While they fight over that machine, I shall fight for Chicago.

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NPR Story
3:07 am
Tue June 24, 2014

Latest Climate Change Report Paints Dire Picture For Business

Former Treasury Secretary Henry Paulson says he hopes a new study can influence the business community by applying the science of risk management.
iStockphoto

Originally published on Tue June 24, 2014 12:38 pm

The U.S. economy faces great risks from climate change, according to a new study that focuses on the current and future effects of climate change on everything from jobs, to crop yields, to energy production.

Though the study presents no new climate science, it paints a dire picture of the business and economic effects if action isn't taken, including crop yields that fall by more than 70 percent in the Midwest and billions of dollars' worth of property literally underwater on the East Coast.

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NPR Story
3:07 am
Tue June 24, 2014

Electric Utilities Keep On Current Consolidation Path

Originally published on Tue June 24, 2014 8:10 am

Transcript

STEVE INSKEEP, HOST:

NPR's Business News starts with a powerful merger. Consolidation among the companies that feed our electrical grid is continuing with a proposed deal between two power utilities in the Midwest. Chuck Quirmbach of Wisconsin Public Radio reports.

CHUCK QUIRMBACH, BYLINE: Milwaukee-based We Energies says its proposal to buy Chicago-based Integrys for $9 billion is a good fit. We Energies' vice president Rick White says the number of publicly traded electric utilities has been shrinking.

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NPR Story
3:07 am
Tue June 24, 2014

No Joy For Stephen King Fans Who Confuse Book Titles

Originally published on Tue June 24, 2014 8:10 am

Transcript

STEVE INSKEEP, HOST:

And our last word in Business today is a thriller.

RENEE MONTAGNE, HOST:

Or is it a coming-of-age novel?

INSKEEP: Well actually, it's a case of mistaken identity. "Joyland" is the title of bestseller Stephen King's new book.

MONTAGNE: "Joyland" is also the title of the debut coming-of-age novel by Emily Schultz published back in 2006.

INSKEEP: Aw. Some readers thought they were ordering the newest Stephen King book from Amazon and instead they got confused.

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Parallels
1:40 am
Tue June 24, 2014

Cuba's Budding Entrepreneurs Travel A Rocky Road Toward Success

Cuban entrepreneur Barbara Fernandez Franco oversees two employees in the small living room of her home in Havana, the Cuban capital. Her boyfriend, Michel Perez Casanova (right), works in the tourism industry but also helps with her business.
David Gilkey NPR

Originally published on Tue June 24, 2014 10:57 am

When Americans think of business in Cuba, they think of government-owned enterprise. And the vast majority of Cubans do work for the state.

But in recent years, private business owners known as cuentapropistas have flourished on the island.

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The Salt
1:28 am
Tue June 24, 2014

Tequila Nation: Mexico Reckons With Its Complicated Spirit

Blue agaves grow in a plantation for the production of tequila in Arandas, Jalisco state, Mexico, in December 2010. In the past 20 years, tequila has become fashionable all over the world, demonstrating that producers' international sales strategy has been a great success.
Hector Guerrero AFP/Getty Images

Originally published on Thu June 26, 2014 3:54 pm

The Mexican town of Tequila in the western state of Jalisco is the heart of a region that produces the legendary spirit. Any bottle of tequila must be made from the Weber Blue species of agave, grown and distilled in this region.

Field after field of agave gives this land a blue hue, defining an economy and its traditions.

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Law
2:07 pm
Mon June 23, 2014

U.S. Tip-Toes Closer To Unprecedented Fine On French Banking Giant

Originally published on Mon June 23, 2014 6:07 pm

Transcript

AUDIE CORNISH, HOST:

U.S. officials are close to a multibillion-dollar settlement with the giant, French bank BNP Pariba over allegations of sanctions violations. The bank is expected to admit that its affiliates did business with countries subject to U.S. economic sanctions - Sudan, Cuba and Iran. NPR's Jim Zarroli reports.

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Opinion
8:00 am
Mon June 23, 2014

Meanstruation: HelloFlo's Mother-Daughter War Is Funny, And Sad

The new commercial from HelloFlo, which markets menstruation care packages for tweens, features a girl whose mother throws her a "first moon party."
HelloFlo/YouTube

Originally published on Mon June 23, 2014 8:20 am

HelloFlo's new ad for "period starter kits" is getting a lot of hype, and deservedly so, as it is a refreshing break from any other ad campaign about the agony surrounding the curse of Eve.

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Politics
4:23 am
Mon June 23, 2014

Administration Focuses On Challenges Working Families Face

Originally published on Mon June 23, 2014 9:11 am

Transcript

STEVE INSKEEP, HOST:

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Business
3:22 am
Mon June 23, 2014

Sting's Kids Better Not Plan On Being Left A Big Inheritance

Originally published on Mon June 23, 2014 9:11 am

Transcript

RENEE MONTAGNE, HOST:

And now to our last word in business - stung. There was a tough public revelation for the children of pop-star Sting over the weekend.

STEVE INSKEEP, HOST:

The man who once sang (singing) if you love somebody, set them free - must love his children a lot because he's really setting them free. The former lead singer of The Police told Britain's Mail On Sunday newspaper that his offspring will not be inheriting any of his estimated $300 million fortune.

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Business
3:22 am
Mon June 23, 2014

Amazon Relents: Begins Selling Rowling's 'Silkworm'

Originally published on Mon June 23, 2014 9:11 am

J.K. Rowling's new book, The Silkworm, has been caught up in Amazon's ongoing fight with publisher Hachette Book Group. Amazon has been delaying delivery on more than 5,000 of Hachette's titles

Business
2:04 am
Mon June 23, 2014

As Carmakers Recall Vehicles, Dealers Might Make A Profit

Chevrolet dealerships like this one might actually benefit from General Motors' recall of millions of cars — as long as customers don't have to wait too long for their repairs.
Bill Pugliano Getty Images

Originally published on Fri June 27, 2014 3:20 am

The auto industry is cruising toward a record number of safety recalls: GM has recalled 20 million vehicles in the first six months of this year, and most carmakers have lowered the bar for the kind of problems that'll have them sending you back to your local dealers.

But while that sounds like bad news, it turns out that recalls can have an upside — at least for car dealers.

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Sports
1:31 am
Mon June 23, 2014

The WNBA Televises Its Pride With LGBT Campaign

Phoenix Mercury center Brittney Griner (No. 42) is among the WNBA players participating in the league's effort to embrace the LGBT community.
Stacy Bengs AP

Originally published on Mon June 23, 2014 9:39 am

Sunday's nationally televised WNBA game between the Tulsa Shock and Chicago Sky was more than just two teams playing basketball. It was billed as the league's first national Pride Game, and it is part of a bigger initiative by the WNBA to embrace the LGBT community.

For the first time in its 18 years of existence, the league addressed the issue of equality and tolerance during a televised game.

"We're the pioneers. We're showing our league is strong and we're branching out into different communities. We need more LGBT role models," says WNBA player Brittney Griner.

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Business
3:09 pm
Sun June 22, 2014

Puma's Pink And Blue Cleats Make A Bold Play At The World Cup

Italy's Mario Balotelli sports Puma's new evoPOWER Tricks cleats.
Frank Augstein AP

Originally published on Sun June 22, 2014 4:25 pm

Athletes aren't the only ones battling for supremacy on the World Cup pitch: Shoe brands are fighting for glory, too.

For the most part, it's the fluorescent Nike Vapors versus the Adidas Adizero Battle Pack cleats. But while those brands dominate the soccer market, Kyle Stock of Bloomberg Businessweek says Puma has a counterattack: the mismatched pink and blue soccer cleats called Tricks.

"You see a lot of yellows out there and oranges and reds, but in the blur of the feet, you notice [the Tricks]," Stock tells NPR's Arun Rath.

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