Business

Shots - Health News
1:55 pm
Mon August 5, 2013

Data Dive Finds Doctors For Rent

What's up, doc?
iStockphoto.com

Originally published on Tue August 6, 2013 5:04 am

Silly me. I thought "rent-seeking" was something only landlords did.

But economists have their own way of looking at the world. To them, rent-seeking is a term for describing how someone snags a bigger share of a pie rather than making a pie bigger, as the venerable Economist explains it.

So, a drugmaker can be seen as a rent-seeker if it cajoles doctors to prescribe more of a particular brand of medicine at the expense of a rival pharmaceutical company's wares.

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The Two-Way
5:20 am
Mon August 5, 2013

Book News: Justice Department Proposes Punishments For Apple

The Justice Department is asking the court to force Apple to submit to broad oversight.
Eugene Hoshiko AP

Originally published on Mon August 5, 2013 12:10 pm

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

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Books News & Features
4:58 am
Mon August 5, 2013

E-Books Strain Relations Between Libraries, Publishing Houses

iStockphoto.com

Originally published on Tue August 13, 2013 12:23 pm

Transcript

LINDA WERTHEIMER, HOST:

E-books have strained the relations between libraries and the major publishing houses. Libraries say they're being cut out of the market because publishers are afraid they could lose money selling e-books to libraries. After much negotiation, the publishers are experimenting with new ways of doing business. But some libraries are already looking to bypass the high prices and restrictions that publishers place on e-books.

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Around the Nation
4:07 am
Mon August 5, 2013

Donations Help Detroit Bury Unclaimed Bodies

Originally published on Mon August 5, 2013 8:42 am

Transcript

RENEE MONTAGNE, HOST:

It's MORNING EDITION from NPR News. I'm Renee Montagne.

LINDA WERTHEIMER, HOST:

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Business
3:27 am
Mon August 5, 2013

WTO Sides With U.S. In Poultry Dispute With China

The World Trade Organization has ruled in favor of the U.S. in a long-standing trade dispute over allegations China unfairly imposed anti-dumping tariffs that restricted American poultry exports. China could appeal the WTO decision.

Business
3:10 am
Mon August 5, 2013

Burger Nestled Between Ramen Noodles Bun

Originally published on Mon August 5, 2013 5:24 am

The tangles of instant noodles are being turned into burger buns in New York. The chef behind this beef-hugging noodle innovation is testing out the idea for a full ramen burger-themed restaurant.

Business
3:10 am
Mon August 5, 2013

Beetle Infestation Helps Open Shuttered Saw Mills

Originally published on Mon August 5, 2013 3:36 am

Saw mills are re-opening in Colorado and Wyoming after a long lull in the timber industry. They're harvesting and processing trees that have been killed by beetle infestation. Beetle killed wood is just as strong as regular wood.

Business
3:10 am
Mon August 5, 2013

White House Overturns Trade Ruling Involving Apple

Originally published on Mon August 5, 2013 5:17 am

Over the weekend, the Obama administration vetoed a ban on imports of older iPad and iPhone models. This kind of White House veto hasn't happened since 1987. The decision by the U.S. trade representative reverses a ruling by the International Trade Commission.

The Salt
1:27 am
Mon August 5, 2013

Ecologists Turn To Planned Grazing To Revive Grassland Soil

Fox Ranch, outside Yuma County, Colo., is a 14,000-acre nature preserve and working commercial cattle ranch. The ranch is used by the Nature Conservancy to put into practice its panned grazing technique.
Luke Runyon Harvest Public Media

Originally published on Wed August 7, 2013 2:24 pm

The world's soil is in trouble. Ecologists say without dramatic changes to how we manage land, vast swathes of grassland are at risk of turning into hard-packed desert. To make sure that doesn't happen, researchers are testing out innovative ways to keep moisture in the soil.

In eastern Colorado, one way could be in the plodding hooves of cattle.

Conventional wisdom tells you that if ranchland ground has less grass, the problem is too many cows. But that's not always the case. It depends on how you manage them, if you make sure they keep moving.

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The Two-Way
12:56 am
Mon August 5, 2013

Calif. Gov. Brown Intervenes, BART Strike Averted For Now

A Bay Area Rapid Transit (BART) train sits in the Rockridge station on Friday in Oakland, Calif. San Francisco Bay Area commuters were bracing for the possibility of a BART strike as a 30-day contract extension was set to expire Sunday at midnight.
Justin Sullivan Getty Images

Originally published on Mon August 5, 2013 7:35 am

Commuters can rest a little easier — another threatened strike at the San Francisco Bay Area Rapid Transit system has been avoided, at least temporarily.

California Gov. Jerry Brown has appointed a board of investigators to look into the contract dispute that had threatened to shut down the system.

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All Tech Considered
2:44 am
Sun August 4, 2013

Digital Seen Surpassing TV In Capturing Our Time

A study shows digital media consumption will surpass TV viewing for the first time this year.
iStockphoto.com

It's finally happening, folks. This year, the average time Americans spend with digital media each day will surpass traditional TV viewing time. That's according to eMarketer's latest estimate of media consumption among adults.

The average adult will spend more than five hours per day online and on non-voice mobile activities (read: texting, apps, games). That's compared to an average four hours and 31 minutes each day of TV watching.

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The Two-Way
8:16 am
Sat August 3, 2013

The New York Times Co. Agrees To Sell The Boston Globe

A man walks out of The Boston Globe headquarters on Feb. 20, the day The New York Times Co. said it planned to sell the paper.
Darren McCollester Getty Images

Originally published on Sat August 3, 2013 1:11 pm

The New York Times Co. has announced the sale of The Boston Globe to the principle owner of the Boston Red Sox for $70 million, a sum that represents a fraction of the $1.1 billion paid for the flagship newspaper two decades ago.

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Business
5:45 am
Sat August 3, 2013

Recent Financial Crackdowns A Sign Of Government Toughness

Originally published on Sat August 3, 2013 11:46 am

Transcript

LINDA WERTHEIMER, HOST:

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Business
10:06 am
Fri August 2, 2013

U.S. Job Growth Slows A Bit As Wages Shrink

Employees and supporters demonstrate Monday outside of a Wendy's fast-food restaurant in New York City to demand higher pay and the right to form a union. Incomes have been stagnant, especially for minimum-wage workers.
Spencer Platt Getty Images

Originally published on Fri August 2, 2013 11:10 am

Employers added 162,000 workers in July, and the U.S. unemployment rate slipped to 7.4 percent, the lowest level since December 2008, the Labor Department said Friday.

But while the number of jobs did increase, the hiring pace was slower than in the spring, marking a setback for unemployed Americans who had hoped for a better summer.

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Economy
9:24 am
Fri August 2, 2013

Jobs Have Been Added, But Why Are Wages Stubborn?

Originally published on Fri August 2, 2013 10:32 am

Transcript

MICHEL MARTIN, HOST:

This is TELL ME MORE from NPR News. I'm Michel Martin. Later today, we'll hear more about Pope Francis' recent visit to Brazil and we'll hear about why he made headlines around the world. That's in just a few minutes. But first, back here in this country, we want to hear about today's jobs numbers. One-hundred sixty-two thousand jobs were added last month, bringing the unemployment rate down to 7.4 percent. That's even below last month's report of 7.6 percent. The report also shows, though, that wages are going down for many workers.

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The Salt
9:11 am
Fri August 2, 2013

FDA Approves Gluten-Free Label

Originally published on Thu August 8, 2013 3:01 pm

The Food and Drug Administration issued Friday the first legally binding rules for what food companies can legally label "gluten-free."

The rules should help millions of Americans who can't tolerate gluten in their diet.

Gluten is a protein in wheat, barley and rye. Bakers appreciate its gluey texture for making bread. But when people with celiac disease eat it, it causes their immune systems to attack their small intestines.

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Parallels
8:11 am
Fri August 2, 2013

Is Uruguay's Marijuana Legalization Vote A Tipping Point?

Originally published on Wed October 9, 2013 2:00 pm

Within weeks, Uruguay is expected to become the first nation to legalize the production, distribution and use of marijuana for its citizens.

The South American country's response to incessant drug-related violence in the region signals a quest for alternatives to the U.S.-led war on drugs, and a rethinking of official U.N. anti-drug policy, which has been in effect for more than half a century.

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The Two-Way
6:38 am
Fri August 2, 2013

U.S. Unemployment Sinks To 7.4 Percent; 162,000 Jobs Added In July

America's unemployment rate sank to 7.4 percent in July, the Bureau of Labor Statistics says. A hiring sign is seen in a store window in Alexandria, Va.
Alex Wong Getty Images

Originally published on Fri August 2, 2013 9:11 am

America's unemployment rate sank to 7.4 percent in July, a drop of two-tenths of a percent, the Bureau of Labor Statistics says in its monthly summary of the U.S. economic situation. But employers added 162,000 jobs last month, coming in below economists' expectations.

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The Two-Way
5:13 am
Fri August 2, 2013

Book News: Battle Rages On In Amazon Vs. Overstock Price War

Originally published on Fri August 2, 2013 6:51 am

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

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Business
4:50 am
Fri August 2, 2013

Bank Of America May Face Charges Related To Financial Crisis

Originally published on Fri August 2, 2013 9:08 am

Transcript

DAVID GREENE, HOST:

NPR's business news starts with new trouble for B of A.

(SOUNDBITE OF MUSIC)

GREENE: In a regulatory filing yesterday, Bank of America revealed it may be facing civil charges over its activities during the financial crisis. The bank disclosed an investigation by the Department of Justice related to residential mortgage-backed securities. Bank of America says it's cooperating. Transcript provided by NPR, Copyright NPR.

The Salt
1:18 am
Fri August 2, 2013

Massachusetts Revives The Lost Art Of Making Sea Salt

The Martha's Vineyard beach where Heidi Feldman collects saltwater to make sea salt.
Courtesy of Heidi Feldman

Originally published on Fri August 2, 2013 9:08 am

"Look for a house, barn, paddock, barking dogs and screeching peacocks."

Those were Heidi Feldman's instructions to me to find Down Island Farm in Vineyard Haven on Martha's Vineyard, Mass.

She forgot to mention the ram, free roaming chickens and miniature horse. But I managed to find it anyway.

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Planet Money
1:17 am
Fri August 2, 2013

4 Reasons Why Millions Of Americans Are Leaving The Workforce

NPR

Originally published on Fri August 2, 2013 9:08 am

The unemployment rate only includes people who don't have jobs and are looking for work. A much larger swath of people — about 36 percent of U.S. adults — don't have jobs and aren't looking for work at all. That figure is higher than it's been in decades (and, conversely, the share of adults in the labor force — shown in the graph above — is lower than it's been in decades).

Here are four reasons why so many people are leaving the labor force.

1. They're retiring.

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Business
3:18 pm
Thu August 1, 2013

Private Equity Fund Eyes The Business Of Pot

A cannabis leaf
Bolotov Paul iStockphoto.com

Originally published on Thu August 1, 2013 7:40 pm

A couple of guys with serious investment banking experience are moving into the marijuana business. They've launched the first multimillion-dollar private equity fund devoted entirely to what they like to call the "cannabis space."

It started when Brendan Kennedy was working at the Silicon Valley Bank and learned of an entrepreneur who wanted to sell software for marijuana dispensaries. The idea piqued Kennedy's interest. A few days later, a radio show about legalizing pot piqued it even more.

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Parallels
3:13 pm
Thu August 1, 2013

'Abenomics' Serving Up The Same Old Medicine In Japan?

Japanese Prime Minister Shinzo Abe's plans for reviving Japan's ailing economy are yielding mixed results so far.
Koji Sasahara AP

Originally published on Thu August 1, 2013 3:48 pm

Ever since Japan's stock market bubble burst in the early 1990s, the country's economy has been stuck in a deflationary spiral. Wages and prices kept going down — and so did consumer spending.

After all, would you buy something today if you knew it was going to be cheaper tomorrow?

But when he came to power last December, Japan's Prime Minister Shinzo Abe said he could fix the problem, after two "lost decades."

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Law
2:54 pm
Thu August 1, 2013

Former Goldman Sachs Trader Found Liable For Fraud

Originally published on Thu August 1, 2013 3:48 pm

Transcript

AUDIE CORNISH, HOST:

You're listening to ALL THINGS CONSIDERED from NPR News.

In New York City today, a victory for the Securities and Exchange Commission: A federal jury held former Goldman Sachs trader Fabrice Tourre liable on six of the seven counts against him. The SEC had accused Tourre of intentionally misleading investors about a mortgage-backed security just as the housing sector was beginning to collapse. The investment created huge losses.

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Business
2:54 pm
Thu August 1, 2013

Google Ups Its Game Against Apple With New Smartphone

The new Moto X launched Thursday in New York City.
Bryan Bedder Getty Images

Originally published on Fri August 2, 2013 9:40 am

When it was launched Thursday, the Moto X, Google's first smartphone product to come out of its buyout of Motorola, was not the highest powered or highest pixeled device. Rather, the designers boasted of its usability — that the Moto X has a larger purpose: making the technology of a phone adapt to the way people use them, rather than force user behavior to adapt to the technology.

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The Two-Way
2:21 pm
Thu August 1, 2013

Former Goldman Trader Found Liable For Billion-Dollar Fraud

Former Goldman Sachs trader Fabrice Tourre walks to a federal court in Manhattan with his attorneys Thursday. A jury found Tourre liable in a massive securities fraud case.
Richard Drew AP

Originally published on Thu August 1, 2013 2:59 pm

A federal jury in New York City has found that Fabrice Tourre, the former Goldman Sachs trader who regulators say caused investors to lose $1 billion, is liable in the mortgage securities fraud case filed against him by the Securities and Exchange Commission.

Regulators say Tourre, 34, a native of France who was nicknamed "Fab" in his office, packaged toxic subprime mortgages into a collateralized debt obligation that was sold to investors under the name Abacus in 2007.

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The Salt
10:19 am
Thu August 1, 2013

Where In The World Are There No McDonald's?

Chinese consumers have 1,075 McDonald's locations to choose from, but the variety inside the restaurant isn't exactly top of their tastes-- KFC does much better business here because Chinese diners prefer white meat over beef patties.
felibrilu via Flickr

Originally published on Thu August 1, 2013 1:03 pm

Recent news out of Vietnam intrigued us here at The Salt. Ho Chi Minh City is set to get its first McDonald's sometime in the next year, according to the company.

It seems Vietnam is ready for the iconic American food, and McDonald's is confident that Vietnamese consumers now have enough disposable income to get hooked on shakes, burgers and fries.

That got us thinking about the global reach of one of the world's most iconic food companies.

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The Two-Way
10:09 am
Thu August 1, 2013

Weekly Jobless Claims Drop; Mortgage Rates Edge Up

New claims for unemployment benefits fell to 326,000 in the week that ended July 27 — the lowest level for initial jobless claims in more than five years, according to the Labor Department.

Employment data for the month of July is due to be released Friday. But for now, the weekly jobless claims numbers are being hailed as another sign that the U.S. economy is gaining strength.

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Economy
8:23 am
Thu August 1, 2013

Jobless Aid Falls To New Low

Originally published on Fri August 2, 2013 4:01 pm

Transcript

DAVID GREENE, HOST:

NPR's business news starts with unemployment numbers.

No, this is not the big monthly jobs report. We'll get that tomorrow. But this morning one number from the Labor Department - the department announced that applications for jobless benefits fell to 326,000 last week. That is the lowest level since January of 2008. Transcript provided by NPR, Copyright NPR.

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