Business

The Two-Way
9:28 am
Thu October 3, 2013

Treasury: New Debt Ceiling Fight Could Derail Economy

Treasury Secretary Jacob Lew leaves the Capitol after a visit on Thursday.
Alex Wong Getty Images

Originally published on Thu October 3, 2013 1:30 pm

The Treasury Department is issuing a warning of dire economic consequences that could rival the Great Recession if Congress is unable to agree on raising the debt ceiling and the nation defaults on its obligations.

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The Two-Way
7:07 am
Thu October 3, 2013

Jobless Claims Stay Near Six-Year Low

There were 308,000 first-time claims for unemployment insurance filed last week, up 1,000 from the week before, the Employment and Training Administration reported Thursday morning.

That means claims continue to run at a relatively low rate that until recent weeks hadn't been seen since the spring of 2007 — six months before the start of the 2007-09 recession.

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Around the Nation
3:29 am
Thu October 3, 2013

Colo. Flooding Challenges Small Business Owners In Lyons

Originally published on Thu October 3, 2013 10:53 am

Transcript

RENEE MONTAGNE, HOST:

Amid the partial government shutdown, the Small Business Administration will continue only a few programs, including disaster relief loans. That's good news in Colorado, where nearly a thousand businesses were damaged or destroyed by recent flooding. Many more could see sales go down.

Grace Hood of member station KUNC traveled to the small town Lyons to understand the full scope of challenges facing small businesses.

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Business
3:23 am
Thu October 3, 2013

Fashion Designer Mark Jacobs To Leave Louis Vuitton

Originally published on Thu October 3, 2013 10:53 am

Transcript

RENEE MONTAGNE, HOST:

And in other business news, Marc Jacobs is packing his bags. The fashion designer is leaving Louis Vuitton after 16 years. He is expected to focus on an eventual IPO for his own Marc Jacobs brand.

NPR's Margot Adler reports.

MARGOT ADLER, BYLINE: There was a sense of foreboding at Marc Jacob's spring fashion show in Paris. First, the music.

(SOUNDBITE OF MUSIC)

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Business
3:17 am
Thu October 3, 2013

Rhode Island City Appeals For Funds To Get Trash Cans

Originally published on Thu October 3, 2013 10:53 am

Transcript

RENEE MONTAGNE, HOST:

And our last word in business is: Crowd Funding.

Central Falls, a former mill city in Rhode Island, has turned to the Internet for donations to fund a government project.

STEVE INSKEEP, HOST:

Now this is a town that was so broke a couple of years ago, it could not keep its only library open or pay full pension benefits to firefighters and policemen. It had to file for bankruptcy.

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Business
3:17 am
Thu October 3, 2013

Court Ordered To Review BP Payout Formula

Originally published on Thu October 3, 2013 10:53 am

Transcript

STEVE INSKEEP, HOST:

NPR's business news begins with a reprieve for BP.

(SOUNDBITE OF MUSIC)

INSKEEP: The energy company has won a partial victory after a U.S. appeals court halted some payments related to the 2010 oil spill in the Gulf of Mexico. This is a big win for BP which had complained that the payout formula was too generous, and compensated people who were not harmed. Billions of dollars in claims were filed by businesses and individuals in the aftermath of the Deepwater Horizon spill.

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Politics
3:17 am
Thu October 3, 2013

Day 3 Of Shutdown: Both Sides Remain Dug In

Originally published on Thu October 3, 2013 10:53 am

Transcript

STEVE INSKEEP, HOST:

It's MORNING EDITION from NPR News. I'm Steve Inskeep.

RENEE MONTAGNE, HOST:

And I'm Renee Montagne.

The nation has grown accustomed to political crisis manufactured in Washington.

INSKEEP: Americans and their leaders are less accustomed to the situation now. The drama leading up to the deadline for a government shutdown was familiar.

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Politics
2:14 am
Thu October 3, 2013

National Parks Close As Other Public Lands Stay Open

The road to Lee's Ferry, Ariz., is blocked by barricades and national park rangers. Lee's Ferry is the launching point for river trips down the Colorado River through Grand Canyon National Park.
Scott Lee NPR

Originally published on Thu October 3, 2013 10:53 am

From Acadia in Maine to Zion in Utah to the North Cascades in Washington, America's 401 national park areas have gates blocking entrance roads.

The last remaining campers and hotel guests in the parks must leave Thursday, and park rangers will patrol to keep others out.

The national parks "belong to the American people, and the American people should have the right to come in," says National Park Service Director Jonathan Jarvis. "But the only way I can protect these places during this period is to shut them down."

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Shots - Health News
1:07 am
Thu October 3, 2013

Back To Work After A Baby, But Without Health Insurance

People get information on California's health exchange at a table at Union Station in Los Angeles on Tuesday, the exchange's opening day.
Reed Saxon AP

Originally published on Sat October 5, 2013 7:13 pm

Pardit Pri had health insurance until she decided to quit her job as a legal administrative assistant and stay home with her newborn son 20 months ago. She thought she'd have coverage by now. But it didn't work out that way.

"I knew that I wasn't going to be working for a while because I decided to stay home with my son, and I thought ... 'OK, fingers crossed. Nothing will happen during that time,' " she says, as she plays with her son in their Orange County, Calif., apartment.

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Around the Nation
1:05 am
Thu October 3, 2013

While Others Underfunded Pensions, Milwaukee Held Firm

Bill Averill, 62, has retired from the City of Milwaukee assessor's office and is collecting his pension. Milwaukee's fund is consistently rated as one of the best-performing in the country.
Erin Toner WUWM

Originally published on Thu October 3, 2013 10:53 am

After more than two decades in city government, Bill Averill has a pretty impressive mental inventory of Milwaukee real estate. He started in the city assessor's office when he was 34, after leaving a private sector job that paid better but had no retirement benefits.

"That was one of the main reasons I went to work for the City of Milwaukee," he says. "And so I knew the pension at some time, way out in the future, would be a benefit to me."

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All Tech Considered
1:02 am
Thu October 3, 2013

The Man Behind The Shadowy Illicit Drug Market, Silk Road

A screen grab from a December 2012 StoryCorps interview with Ross Ulbricht, the alleged mastermind of the online marketplace known as Silk Road.
YouTube

Originally published on Thu October 3, 2013 10:53 am

It's not every day federal authorities get to bust a case like this. It involves millions of dollars, illicit drugs and a would-be assassin, all of which allegedly were bought and sold on the Internet, in a shadowy online marketplace known as the Silk Road. On Tuesday, federal authorities shut down that site and arrested 29-year-old Ross Ulbricht, the man they say is its mastermind.

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Shots - Health News
12:59 am
Thu October 3, 2013

Small Businesses May Find Insurance Relief In Exchanges

An employee of Covered California works in the newly opened call center in Rancho Cordova, Calif. Covered California is the state's new health insurance exchange.
Rich Pedroncelli AP

Originally published on Thu October 3, 2013 12:11 pm

Walk down the carpeted hallways of Westwind Media in Burbank, Calif., and it's common to hear the odd explosion, the hum of traffic or a burst of gunfire.

It's here in these edit bays that small feature films and TV dramas like the ABC hits Grey's Anatomy and Scandal and CBS's Person of Interest get primped and polished for prime-time viewing.

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The Government Shutdown
4:57 pm
Wed October 2, 2013

Some Are Benefiting From The Government Shutdown

Rasim Akin Sevimli of Turkey tries to peer through the glass of the closed Smithsonian National Air and Space Museum on Tuesday — his only chance to see the museum before leaving Washington, D.C.
Carolyn Kaster AP

Originally published on Thu October 3, 2013 10:52 am

Among the temporary casualties of the government shutdown, besides the paychecks of 800,000 workers, are all federally funded tourist attractions.

Sure, it's a bummer for those who planned vacations around the Smithsonian museums and galleries, national parks and national monuments (although barricades didn't stop some veterans at the World War II Memorial in Washington, D.C., Tuesday).

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All Tech Considered
3:36 pm
Wed October 2, 2013

Social Media Detectives: Is That Viral Video For Real?

via YouTube

Originally published on Wed October 2, 2013 5:56 pm

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The Two-Way
1:39 pm
Wed October 2, 2013

U.S. Opposes Tech Firms' Plea To Release Surveillance Requests

An employee stands at the Microsoft booth during the 2013 Computex in Taipei on June 4, 2013.
Mandy Cheng AFP/Getty Images

The United States filed a court brief (pdf) opposing the release of details concerning the surveillance requests they hand big tech companies in the U.S.

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The Two-Way
11:19 am
Wed October 2, 2013

FBI Arrests Alleged Owner Of 'Silk Road' Black Market Site

Originally published on Thu October 3, 2013 6:47 am

The FBI has moved to crack down on a shadowy back channel of the Internet — where transactions take place outside of easily accessible domains — arresting the alleged proprietor of the black-market site Silk Road, which has been called the eBay of the drug trade.

Ross William Ulbricht, 29, known by his hacker handle "Dread Pirate Roberts," was arrested Tuesday morning in San Francisco and charged with one count each of narcotics trafficking conspiracy, computer hacking conspiracy and money laundering conspiracy, according to the Federal Bureau of Investigations' court filing.

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The Two-Way
6:55 am
Wed October 2, 2013

VIDEO: 'I Quit' Dance Sure Works For Millions

The way to go? Marina Shifrin in her viral "I Quit!" video.
YouTube

Originally published on Wed October 2, 2013 8:28 am

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The Two-Way
6:35 am
Wed October 2, 2013

Job Growth Was Modest In September, Survey Signals

This gas station in Encinitas, Calif., was looking to hire last month.
Mike Blake Reuters /Landov

Originally published on Wed October 2, 2013 11:46 am

Private employers added 166,000 jobs to their payrolls in September, a modest gain after slightly less growth the month before, according to the latest ADP National Employment Report.

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It's All Politics
5:20 am
Wed October 2, 2013

Wednesday Morning Political Mix

A visitor to the federally run Folk Art Center in Asheville, N.C., on Tuesday expressed the dismay many felt because of the government shutdown.
Chuck Burton AP

Originally published on Wed October 2, 2013 6:30 am

It's Day Two of the Federal Government Shutdown, 2013 edition with no end in sight.

So there's a heavy focus on shutdown-related items or themes today in this morning's political mix of items and themes that caught my eye:

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Business
2:52 am
Wed October 2, 2013

Businesses Cater To Furloughed Government Workers

Originally published on Wed October 2, 2013 4:50 am

In Washington, D.C., dozens of businesses are running shutdown specials for government employees. Furloughed workers can head to several local eateries for a cup of coffee, cupcakes and even pizza — all free when they show a government ID.

Business
2:52 am
Wed October 2, 2013

U.S. Vehicle Sales Fell In September

Originally published on Wed October 2, 2013 3:09 am

U.S. auto sales slipped 4 percent last month. The only major winners were Ford and Chrysler as automakers were dragged down by a quirk of the calendar and the beginning signs of skittish consumers.

Politics
2:52 am
Wed October 2, 2013

Why Ted Cruz Looms Large In Government Shutdown Drama

Texas Republican Sen. Ted Cruz speaks to local residents during a fundraising picnic for the Iowa Republican Party in Des Moines in July.
Charlie Neibergall AP

Originally published on Wed October 2, 2013 9:54 am

In the second day of a partial government shutdown, Congress is at a stalemate.

On Tuesday night, House Republicans tried to pass three small bills funding popular parts of the government, such as the national parks. But they failed. The White House had already threatened a veto.

That strategy, as with others in this fight, is credited to Texas Republican Sen. Ted Cruz.

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Politics
2:52 am
Wed October 2, 2013

U.S. Government Closes For Another Day, No End In Sight

Originally published on Wed October 2, 2013 3:18 am

It's Day 2 of the partial shutdown of the federal government. Republicans do not seem ready to compromise on defunding the Affordable Care Act. There are no negotiations between the White House and Congress.

Around the Nation
2:52 am
Wed October 2, 2013

Day 2 Of Government Shutdown Affects Variety Of Workers

Originally published on Wed October 2, 2013 5:09 am

Some federal employees have to work despite the closure, while others have been told not to report to work. On Morning Edition, we hear some voices of folks who have already felt the impact of the shutdown. They say they feel "frustrated," and think the partial shutdown is "ridiculous."

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All Tech Considered
1:27 am
Wed October 2, 2013

Tech Problems Plague First Day Of Health Exchange Rollout

Heavy Internet traffic and system problems plagued the launch of the new health insurance exchanges on Tuesday.
Karen Bleier AFP/Getty Images

Originally published on Wed October 2, 2013 8:35 am

Many Americans got "please wait" messages Tuesday when they tried to start shopping for health coverage on the federal government's new health insurance website, healthcare.gov. A series of technological glitches, delays and crashes kept people from getting to several of the 16 state exchanges, too.

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Parallels
1:26 am
Wed October 2, 2013

World Immigration Called 'Win-Win' For Rich Nations, And Poor

Migrant workers from Nepal take part in a Labor Day rally in Hong Kong in May. This week, the United Nations holds a high-level meeting on issues related to worldwide migration.
Philippe Lopez AFP/Getty Images

Originally published on Tue October 8, 2013 7:49 am

The number of people who leave their countries to work abroad is soaring, according to the United Nations. More than 200 million people now live outside their country of origin, up from 150 million a decade ago.

And migration isn't just from poor countries to rich countries anymore. There also is significant migration from rich country to rich country — and even from poor country to poor.

Beginning Thursday, the U.N. will hold a high-level meeting on the subject in New York.

Moving For Work

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Politics
4:36 am
Tue October 1, 2013

House GOP Didn't Blink, Focused On Defunding Obamacare

Transcript

DAVID GREENE, HOST:

And next, let's talk with Representative David Schweikert. He's in the studio with us. He's an Arizona Republican lawmaker, a member of the House majority that has insisted they will not approve a short-term government funding measure unless it also takes a bite from Obamacare.

STEVE INSKEEP, HOST:

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Politics
4:26 am
Tue October 1, 2013

Partial Government Shutdown Will Compromise Some Services

Originally published on Tue October 1, 2013 4:35 am

Transcript

DAVID GREENE, HOST:

It's MORNING EDITION from NPR News. Good morning. I'm David Greene.

STEVE INSKEEP, HOST:

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Business
3:14 am
Tue October 1, 2013

Economists Say Shutdown Will Hurt, But Hard To Add It Up

Government workers protest the possibility of a federal shutdown in Chicago. Nearly 100 employees from federal agencies including the Environmental Protection Agency and the Department of Housing and Urban Development rallied in a downtown plaza Monday.
M. Spencer Green AP

After weeks of wondering what would happen, Americans now know:

1. Congress missed the midnight funding deadline for the new fiscal year, triggering disruptions in government operations.

2. That will slow economic growth, at least in the short term.

But just how far the damage will go is far from clear. Economists say they can't refine their predictions because they have no idea how long the shutdown might last or how many federal workers may be furloughed.

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Politics
2:31 am
Tue October 1, 2013

After Years Of Political Talk, The Obamacare Fight Gets Real

A woman looks at the HealthCare.gov insurance exchange site on Tuesday in Washington, D.C.
Karen Bleier AFP/Getty Images

Originally published on Tue October 1, 2013 9:43 am

In the three years since President Obama signed the Affordable Care Act into law, it has survived more than 50 votes in Congress to defund or repeal it, a Supreme Court challenge, a presidential election and, as of Tuesday morning, a government shutdown. Much of the spending for the law is mandatory and won't be cut off.

But now, it must survive its own implementation.

Tuesday is the day that Obamacare goes operational. Americans can begin signing up for health insurance on online marketplaces known as exchanges.

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