The summer of tech company demographic data dumps continues apace. Facebook is the latest big firm to share its staff's racial and gender breakdowns, following similar releases from Google and Yahoo. Other tech firms NPR has reached out to say they are having conversations about whether they will do the same.
Ibiza — famous for wild, all-night parties — is home to some of the Mediterranean's most pristine beaches and thriving marine ecosystems. But these could soon be endangered by more than the island's hedonism.
Spain's central government is considering whether to allow oil prospecting near the coasts of Ibiza and its neighboring island, Formentera. The proposed survey area is about 1,500 square miles and starts around 30 miles off the coastline.
Let's follow up on a story we heard about yesterday with the Republican Party's primary season winding down, the party establishment and Tea Party conservatives are shifting the focus of their fight. This time it's over a federal agency that helps to finance American companies in foreign trade. The legal authority for the Export-Import Bank expires in September. Small government conservatives are going all out to abolish it. NPR's Peter Overby reports.
NPR's business news starts with a goodbye to Nook. All right, the giant book retailer Barnes & Noble is splitting in two. The company says it is separating its profitable retail bookstores from its weak Nook digital operation. Nook has lost $700 million in its e-reader and e-book business over the past two years. Microsoft will invest in the new Nook media as it tries to catch up to digital book leader Amazon. Transcript provided by NPR, Copyright NPR.
Every morning, Manuel Landin Rodriguez walks past the luxurious state-owned Xanadu Mansion hotel and crosses its neatly trimmed golf course all the way to its edge. He camps out on the cliff overlooking the turquoise Caribbean waters that make the resort town of Varadero on Cuba's northern coast so famous.
Landin, a retired physical education teacher, comes to the spot to fish. When we meet him on the cliffs, he's trying to catch mojarras-- small silver fish that hang out in the shallow waters to avoid sharks — which he will use to feed his family of five.
A U.S. ban on exporting crude oil that has stood for nearly 40 years could be eased a bit this summer, as the Obama administration is seen clearing a path for American companies to export the first shipments of unrefined oil in decades.
Diane Sawyer will leave her job as anchor of ABC News' flagship program, World News, during the last week of August, capping a five-year run at the show and kicking off an anchor shuffle at the network.
Originally published on Wed June 25, 2014 10:18 am
Aereo, the company that lets subscribers watch TV stations' video that it routes onto the Internet, violates U.S. copyright law, the Supreme Court has ruled. The court's 6-3 decision reverses a lower court ruling on what has been a hotly contested issue.
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.
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.
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.
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.
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.
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."
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.
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.
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.
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.
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.
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.
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.