Business

The Two-Way
11:34 am
Thu March 13, 2014

When Bad Things Happen To Planes, Flight Codes Get 'Retired'

The charred tail section of Delta Flight 191 sits near a runway at Dallas-Fort Worth International Airport in August 1985 after it crashed on approach. Delta quickly retired the "191" designation.
Carlos Osorio AP

Originally published on Fri March 14, 2014 8:00 am

Malaysia Airlines announced Thursday that it will stop using two flight numbers associated with the plane that disappeared over the Gulf of Thailand on March 8, following a long-standing practice of retiring codes after similar incidents.

Flight MH370 vanished en route from Kuala Lumpur to Beijing with 239 people aboard. That number, which Malaysian Airlines uses to denote that particular route, will no longer be used after Friday as a "mark of respect" for the passengers and crew. MH371, the code used for the return flight, also will be retired.

Read more
Economy
10:00 am
Thu March 13, 2014

Gentrification: Progress Or Destruction?

Originally published on Thu March 13, 2014 10:28 am

Transcript

MICHEL MARTIN, HOST:

Read more
The Two-Way
7:01 am
Thu March 13, 2014

Weekly Jobless Claims Touch 3-Month Low

Originally published on Thu March 13, 2014 8:41 am

There were 315,000 first-time claims filed for unemployment benefits last week, the Employment and Training Administration says.

That's down 9,000 from the previous week and marks a three-month low.

So for the second straight week, there's at least modestly good news to report about the labor market.

Read more
Business
5:39 am
Thu March 13, 2014

Yahoo Partners With Yelp For Local Search Data

Originally published on Thu March 13, 2014 5:44 am

Transcript

DAVID GREENE, HOST:

NPR's business news begins with a partner for Yahoo.

(SOUNDBITE OF MUSIC)

GREENE: Yahoo is trying to boost search traffic with reviews of businesses from Yelp - in hopes that some of its popularity will rub off. Among their favorite search engines, Yahoo is a distant third after Google and Microsoft's Bing.

Ratings and snippets from "Yelp" reviews began appearing in Yahoo search results yesterday as a result of a partnership between the two companies. Transcript provided by NPR, Copyright NPR.

Business
5:39 am
Thu March 13, 2014

Hasbro To Update Official Scrabble Dictionary

Originally published on Thu March 13, 2014 5:44 am

In an effort to stay relevant, the dictionary is being updated for the first time in nearly a decade.

Code Switch
5:12 am
Thu March 13, 2014

Why For-Profit Prisons House More Inmates Of Color

An inmate walks through the yard at the North Central Correctional Institution in Marion, Ohio, which recently switched to private management.
Ty Wright Bloomberg via Getty Images

Originally published on Tue March 18, 2014 8:03 am

A new study by a UC-Berkeley graduate student has surprised a number of experts in the criminology field. Its main finding: Private prisons are packed with young people of color.

Read more
Business
3:27 am
Thu March 13, 2014

Number Of Calif. Homes In Foreclosure Process Soars

Originally published on Thu March 13, 2014 5:44 am

Transcript

RENEE MONTAGNE, HOST:

And there's some good news for the nation's housing market. Numbers are out today and national foreclosure filings in February were the lowest they've been since 2006. That means on a national level, lenders repossessed fewer homes and fewer homeowners got in mortgage trouble. That's not the case though, here in California.

As NPR's Nathan Rott reports, the number of homes just entering the foreclosure process here is way up.

NATHAN ROTT, BYLINE: Berlinda Phommalayvane has a story that isn't uncommon in Southern California.

Read more
Business
3:23 am
Thu March 13, 2014

FTC Launches Civil Probe Into Herbalife

Originally published on Thu March 13, 2014 5:44 am

The nutrition supplement company has been under attack by billionaire investor William Ackman, who's been pressing regulators to look into the way Herbalife operates.

Parallels
1:37 am
Thu March 13, 2014

Hitching A Ride On The World's Biggest Cargo Ship

NPR's Jackie Northam on the Maersk McKinney Moller, a new container megaship that can carry about double what many other big cargo ships can carry. It's 20 stories high and four football fields long.
Jackie Northam NPR

Originally published on Thu March 13, 2014 8:17 am

I started my journey at the famed Gdansk Shipyard, home of Poland's solidarity movement in the 1980s. It was nearly midnight when I arrived and saw for the first time the Maersk McKinney Moller, the world's largest container ship.

I simply wasn't prepared for just how massive it is. The whole ship really can't be taken in, even standing at a distance, so I gave my neck a good stretch by scanning this behemoth end to end, and up and down.

Read more
Business
2:59 pm
Wed March 12, 2014

Health Care Law Helps Entrepreneurs Quit Their Day Jobs

The Affordable Care Act could encourage people to start new businesses by solving an age-old problem: job lock.
iStockphoto.com

Originally published on Thu March 13, 2014 4:37 am

The Affordable Care Act — which many see creating challenges for businesses — could benefit a particular group of business people: entrepreneurs.

Joshua Simonson was reluctant to give up his job at a Portland, Ore., area grocery store, New Seasons Market, which he says had provided excellent health care for him and his family. He had a pre-existing condition that has prevented him from getting insurance in the private market, but one key development helped convince him to quit and start a farm.

Read more
News
2:21 pm
Wed March 12, 2014

FTC Investigates Herbalife, Following Claims It's A Pyramid Scheme

Originally published on Wed March 12, 2014 6:14 pm

Herbalife shares dropped on news the Federal Trade Commission is investigating the company. After shorting Herbalife's stock, hedge fund manager Bill Ackman's been lobbying politicians to investigate.

News
2:21 pm
Wed March 12, 2014

President Obama Moves To Expand Overtime Pay

Originally published on Wed March 12, 2014 6:14 pm

Transcript

ROBERT SIEGEL, HOST:

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

MELISSA BLOCK, HOST:

And I'm Melissa Block. President Obama is taking another step to raise the wages of workers and he plans to do it without getting Congress involved. The White House says tomorrow Obama will direct the Labor Department to change the rules for businesses on overtime pay. The change could mean that millions of private sector workers currently classified as management could eventually qualify for overtime.

Read more
Around the Nation
2:21 pm
Wed March 12, 2014

Government's Empty Buildings Are Costing Taxpayers Billions

A 132-year-old building owned by the federal government, just six blocks from the White House, has been sitting empty for three decades.
Laura Sullivan NPR

Originally published on Thu March 13, 2014 10:07 am

On a street corner in downtown Washington, D.C., David Wise is opening a century-old iron gate in front of an old, boarded-up brick building.

Wise is an investigator for the Government Accountability Office, the government's watchdog group. His mission is to figure out why the government owns so many buildings, like this one, that it doesn't use.

Read more
The Two-Way
1:46 pm
Wed March 12, 2014

FTC Launches Civil Probe Into Herbalife Ltd.

Susan Goldman AP

Herbalife revealed on Wednesday that the Federal Trade Commission has opened a civil investigation into the practices of the nutrition company, which sells weight-loss shakes, vitamins and other products.

Moments after Herbalife made the announcement, its stock price plunged. At 1:51 p.m., it had lost 12 percent of its value.

Bloomberg explains that hedge fund manager Bill Ackman accused the company of running a pyramid scheme. Bloomberg adds:

Read more
Around the Nation
1:25 pm
Wed March 12, 2014

Juggling Work And Motherhood On A Shoestring Budget

Katrina Gilbert, a single mother raising Brooklynn, Trent and Lydia, says she got involved with an HBO documentary to inspire others.
Barbara Kinney/Courtesy of HBO

Originally published on Wed March 12, 2014 8:06 pm

Read more
The Salt
12:39 pm
Wed March 12, 2014

Water-To-Wine Machine Sound Too Good To Be True? It Is

Philip James, Chairman of CustomVine, and Kevin Boyer, President and CEO of CustomVine, film a video to promote The Miracle Machine, which turns water into wine with the use of an app.
Courtesy of The Miracle Machine

Originally published on Thu March 13, 2014 2:01 pm

Think a machine that can turn water into wine is too good to be true? Well, it turns out, it is.

Read more
It's All Politics
12:11 pm
Wed March 12, 2014

Obama's Overtime Move Designed To Excite Base, Swing Voters

President Obama speaks about raising the minimum wage to $10.10 per hour during an event last week in New Britain, Conn. The effort to raise wages is seen as part of his State of the Union promise of a "year of action."
Stephan Savoia AP

Originally published on Thu March 13, 2014 8:42 am

President Obama's planned move to expand the pool of the nation's employees covered by overtime pay laws was hailed Wednesday by Democrats as key to their midterm election strategy.

And it was just as predictably criticized by conservatives as an overreach by a president who recently characterized income inequality as the "defining challenge of our time."

Read more
All Tech Considered
11:41 am
Wed March 12, 2014

SXSW: Tech Industry Inspires New Shows From HBO, AMC

Scoot McNairy (left) and Lee Pace star in AMC's upcoming show Halt and Catch Fire.
Tina Rowden AMC

Originally published on Fri March 14, 2014 8:41 am

Read more
The Two-Way
7:29 am
Wed March 12, 2014

Reports: Obama Will Move To Expand Overtime Pay

Punching a time card: It's still one way of tracking hours worked. President Obama believes more workers need to be able to add overtime to their pay.
Armin Weigel dpa/Landov

Originally published on Wed March 12, 2014 11:37 am

The Obama administration's push to put income inequality atop the domestic political agenda has another battlefront.

According to The New York Times, the president "this week will seek to force American businesses to pay more overtime to millions of workers, the latest move by his administration to confront corporations that have had soaring profits even as wages have stagnated."

Read more
Economy
4:05 am
Wed March 12, 2014

Study: Boys Report PTSD When Moved Out Of Poverty

Originally published on Wed March 12, 2014 5:32 am

Transcript

RENEE MONTAGNE, HOST:

In the 1990s, the U.S. government embarked on an ambitious social experiment to try to help people get out of poverty. The Moving to Opportunity Program gave housing vouchers to single mothers so they could raise their kids in areas with better job prospects and better schools. The hope was the families would thrive.

Read more
Business
3:55 am
Wed March 12, 2014

Philadelphia Capitalizes On Energy Boom

Originally published on Wed March 12, 2014 5:32 am

Transcript

RENEE MONTAGNE, HOST:

The shale oil boom is having a major impact on cities across the U.S. In Philadelphia, trains bringing crude oil from North Dakota have helped revived refineries there. Plus, other businesses are now eagerly looking for ways to tap into Pennsylvania's own vast supply of natural gas.

Katie Colaneri of member station WHYY reports.

Read more
Business
3:10 am
Wed March 12, 2014

Toyota Workers In Japan Get Slight Increase In Pay

Originally published on Wed March 12, 2014 5:32 am

Transcript

DAVID GREENE, HOST:

NPR's business news begins with raises at Toyota.

(SOUNDBITE OF MUSIC)

GREENE: Toyota employees in Japan will seek their biggest pay raise in 21 years - though it's not very big. The giant Japanese automaker says it will boost pay by just under one percent. This is less than the workers union was asking for.

Japan's Prime Minister Shinzo Abe has been pressuring Japanese businesses to raise rates in an effort to pull Japan out of decades of deflation. Transcript provided by NPR, Copyright NPR.

Business
3:10 am
Wed March 12, 2014

U.S. Beer Consumption Is At An All-Time Low

Originally published on Wed March 12, 2014 5:32 am

Some of the worst hit brewers have been those making mass-market, low-alcohol beers. An exception: Pabst Blue Ribbon saw a 97 percent increase in consumption from 2008-2012.

Business
3:10 am
Wed March 12, 2014

Kickstarter Campaign Begins For Neil Young's Music Player

Visually, the Pono player is a relic, but what matters is how it sounds — better than any consumer device for listening to digital audio, according to founder Neil Young.
PonoMusic

Originally published on Wed March 19, 2014 8:16 am

Amid the thousands promoting new music at this week's SXSW festival in Austin, Texas, one artist took to the stage Tuesday to promote a new way to hear it. Before a crowd at the Austin Convention Center, Neil Young launched a Kickstarter campaign to support his long-planned high fidelity music player and online store, Pono.

Read more
Business
3:39 pm
Tue March 11, 2014

Delayed Safety Recall May Haunt GM As It Continues Its Makeover

The Chevrolet Cobalt is one of the GM models being recalled for faulty ignition switches.
David Zalubowski AP

Originally published on Tue March 11, 2014 4:51 pm

General Motors is coming under mounting criticism for its handling of a serious defect. Last month, the company recalled 1.6 million vehicles because of faulty ignition switches linked to 13 deaths. The cars, made from 2003-2007, could stall or fail to deploy their airbags.

It's an issue GM has known about for a while, and now Congress wants to know why it took the automaker almost a decade to warn the public about it.

Read more
Business
2:32 pm
Tue March 11, 2014

Theories And Disputes Eddy Around Missing Malaysian Airliner

Originally published on Tue March 11, 2014 4:51 pm

Transcript

MELISSA BLOCK, HOST:

A dramatically different version of events is emerging about the path of Malaysia Airline's Flight 370. Malaysian authorities now say the jetliner made a sharp change in course, heading from northeast to west, and they say the last sign of the plane came an hour later than previously stated. The Boeing 777 disappeared early Saturday morning local time en route from Kuala Lumpur to Beijing with 239 people on board.

Read more
The Two-Way
1:36 pm
Tue March 11, 2014

Bitcoin Exchange Mt. Gox Files For Bankruptcy In U.S.

Weeks after its financial troubles forced it to file for bankruptcy protection in Japan, Mt. Gox has obtained similar protection in the U.S. The Tokyo-based bitcoin exchange suffered a collapse after a reported theft of hundreds of millions of dollars.

Mt. Gox had been the most active bitcoin exchange before it announced the loss of hundreds of thousands of units of the cryptocurrency in an attack by hackers. The company said its own bitcoins were stolen along with those of customers.

Read more
Parallels
12:24 pm
Tue March 11, 2014

Norway Takes The Lead In Electric Cars (With Generous Subsidies)

Jonette Øyen with her Nissan Leaf outside the National Archives in Norway, where she works. Next month Norway is expected to become the first country where one in every 100 cars is purely electric.
Sidsel Overgaard NPR

Originally published on Tue March 11, 2014 4:51 pm

When Jonette Øyen bought her first electric car, it turned heads. "Now nobody turns around!" she says with a laugh.

Sometime in April, Norway is expected to become the first country where one in every 100 cars is purely electric. One percent may not sound like a huge figure, but in the U.S., the equivalent number would be something close to .07 percent.

Read more
The Salt
11:48 am
Tue March 11, 2014

For A Faster-Aged Bourbon, You Need The Motion Of The Ocean

Jefferson's Ocean bourbon is aged on the high seas, a technique that takes advantage of basic physical chemistry. The bottles sell for $200 a piece.
Courtesy of OCEARCH

Originally published on Thu March 13, 2014 8:48 am

From its earliest days as America's homegrown whiskey elixir, Kentucky bourbon has been traveling on boats.

In fact, boats were a key reason why Kentucky became the king of bourbon. In the late 1700s, trade depended on waterways, and distillers in the state had a big advantage: the Ohio River. They'd load their barrels onto flatboats on the Ohio, which flowed into the Mississippi, taking their golden liquor as far down as New Orleans.

Read more
The Two-Way
10:37 am
Tue March 11, 2014

Reporter For Swedish Radio Shot Dead In Afghanistan

A photo from last year of Swedish Radio journalist Nils Horner, who was killed Tuesday in Kabul, Afghanistan.
Mattias Ahlm AP

Originally published on Tue March 11, 2014 11:08 am

A Swedish journalist was gunned down in a heavily guarded section of the Afghan capital that is home to Westerners working for aid agencies, embassies and news organizations.

Nils Horner, 51, who has dual British-Swedish nationality, worked for Swedish Radio and had been in Afghanistan for only a few days prior to Tuesday's attack in Kabul.

Read more

Pages