Zoe Chace http://ktep.org en The Ballad Of The 13-Year-Old North Korean Capitalist http://ktep.org/post/ballad-13-year-old-north-korean-capitalist Transcript <p>ROBERT SIEGEL, HOST: <p>In North Korea, private businesses are illegal - or at least they're technically illegal. People aren't supposed to buy and sell stuff to each other, but they do it anyway. NPR's Zoe Chace, of our Planet Money team, has this story of a young North Korean woman who knew a business opportunity when she saw it, and had no qualms about pursuing it. One word - socks.<p>ZOE CHACE, BYLINE: She's just 23 years old. Easily excited, she wears makeup, a bright pink dress, likes to speak a little bit of English.<p>JOO YANG: OK, my name is Joo Yang. Wed, 09 Jul 2014 20:11:00 +0000 Zoe Chace 44332 at http://ktep.org Regulators Debate Effective Punishments For Guilty Banks http://ktep.org/post/regulators-debate-effective-punishments-guilty-banks Transcript <p>RENEE MONTAGNE, HOST: <p>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.<p>ZOE CHACE, BYLINE: A bank is a place that handles lots of money. Wed, 25 Jun 2014 09:06:00 +0000 Zoe Chace 43375 at http://ktep.org Germany's Economy Is Doing Well — And That's Bad For The Eurozone http://ktep.org/post/germanys-economy-doing-well-and-thats-bad-eurozone Transcript <p>MELISSA BLOCK, BYLINE: Germany's economy is having a pretty good year so far. Manufacturing is high, unemployment is low. The economy is expanding, and yet the strangest report has recently come out of Europe. It says all of that success is actually a problem for the rest of the Eurozone. Zoe Chase of our Planet Money team wondered why Germany's success isn't considered a good thing.<p>ZOE CHASE, BYLINE: Germany's got a thing about making stuff the world wants.<p>JACOB KIRKEGAARD: Germany has always had what you could call an export fetish. Thu, 29 May 2014 20:27:00 +0000 Zoe Chace 41676 at http://ktep.org Penny Hoarders Hope For The Day The Penny Dies http://ktep.org/post/penny-hoarders-hope-day-penny-dies Transcript <p>AUDIE CORNISH, HOST: <p>Every year, the U.S. government loses money minting pennies. They cost around twice as much to make as they're worth. And some politicians and economists say we ought to just get rid of them. They want the U.S. to kill the penny, take it out of circulation. If that happens, a small group of people plan to make a bunch of money.<p>NPR's Zoe Chace has that story from our Planet Money team.<p>ZOE CHACE, BYLINE: Steve Wardak is one of those people. This guy is a big fan of the penny. He's never walked past a penny on the street and not picked it up. Wed, 21 May 2014 20:10:00 +0000 Zoe Chace 41121 at http://ktep.org When Lyrics Get Posted Online, Who Gets Paid? http://ktep.org/post/when-lyrics-get-posted-online-who-gets-paid Any time a song is popular, you'll find people debating it. And at some point during that debate, someone is going to Google the lyrics.<p>There are roughly 5 million searches for lyrics per day on Google, according to LyricFind. Those searches often lead to websites that post lyrics to lots of songs — and, in many cases, sites that post ads alongside those lyrics.<p>David Lowery, frontman and songwriter for Cracker and Camper van Beethoven, is waging war on the sites he believes make money off song lyrics but don't pay the songwriter. Fri, 09 May 2014 07:53:00 +0000 Zoe Chace 40285 at http://ktep.org When Lyrics Get Posted Online, Who Gets Paid? Like So Many Magazines, 'Ladies' Home Journal' Cuts Back http://ktep.org/post/so-many-magazines-ladies-home-journal-cuts-back Transcript <p>RACHEL MARTIN, HOST: <p>This is WEEKEND EDITION from NPR News. I'm Rachel Martin. Ladies' Home Journal, the magazine that was once so popular with housewives and homemakers, is ending its 130-year run as a monthly magazine. The print magazine business has of course changed dramatically in the last few decades.<p>And Ladies' Home Journal saw its own advertising revenues drop by more than 50 percent over the last 10 years. But this story isn't just about business as you might expect. Sun, 27 Apr 2014 12:03:00 +0000 Zoe Chace 39508 at http://ktep.org Across The Atlantic, Glimpse An Alternate Internet Universe http://ktep.org/post/across-atlantic-glimpse-alternate-internet-universe Transcript <p>AUDIE CORNISH, HOST: <p>Already for many Americans, there are few options when it comes to high-speed broadband. And the reason, says Zoe Chace with our Planet Money team, goes back to a moment when the U.S. decided to go one way and the rest of the world went another.<p>ZOE CHACE, BYLINE: That moment, March 14th, 2002, a bunch of people from the Federal Communications Commission pondering an existential question. There's this brand-new cable coming into your home with the Internet on it. What is this thing?<p>Did you really sit around and say, like, what is this? Wed, 09 Apr 2014 21:27:00 +0000 Zoe Chace 38355 at http://ktep.org When Everyone Wants To Watch 'House Of Cards,' Who Pays? http://ktep.org/post/netflix-hit-spurs-talks-over-who-pay-internet-service-upgrades We are going to trace one simple Internet request. It's one that lots of people have made lately.<p>Rachel Margolis, a Time Warner cable subscriber in Brooklyn, wants to watch an episode of <em>House of Cards</em> on Netflix.<p>When Rachel clicks on <em>House of Cards</em> on her TV screen, her request travels out of her apartment on a cable, to a box on the corner, then under the East River to a giant building on the West Side of Manhattan. Thu, 27 Mar 2014 09:11:00 +0000 Zoe Chace 37468 at http://ktep.org When Everyone Wants To Watch 'House Of Cards,' Who Pays? Behind Ukraine's Political Strife: One Big Utility Bill http://ktep.org/post/behind-ukraines-political-strife-lies-one-big-utility-bill One way to understand the situation between Ukraine and Russia right now: Look at the gas bill of an ordinary Ukrainian.<p>Valentina Olachenka, for example, pays $19 a month for gas to heat her house and run her stove. The average American who uses natural gas, by contrast, spends more than $100 a month.<p>Gas is cheap for Ukrainians because the government is paying most of the bill — 87 cents of every dollar, according to the IMF.<p>The subsidy used to be relatively affordable for the government, back when Russia was giving Ukraine a really good deal on its gas. Fri, 07 Mar 2014 21:03:00 +0000 Zoe Chace 36210 at http://ktep.org Behind Ukraine's Political Strife: One Big Utility Bill An Old Law, A Snowy Winter, And A Modern-Day Salt Shortage http://ktep.org/post/how-old-law-caused-modern-day-salt-shortage There were so many winter storms in New Jersey this year that the state nearly ran out of the salt used to melt snow and ice on the roads.<p>State officials thought they had found a solution when they discovered an extra 40,000 tons of rock salt for sale up in Searsport, Maine.<p>The state bought the salt but ran into problems getting it to New Jersey — despite the fact that there was an enormous, empty cargo ship, sitting at the Searsport port, headed down to Newark.<p>"I mean, it was just like serendipity," says Joe Dee, chief of staff with the New Jersey Department of Transportation. Fri, 28 Feb 2014 08:28:00 +0000 Zoe Chace 35701 at http://ktep.org An Old Law, A Snowy Winter, And A Modern-Day Salt Shortage What It Was Like To Be A Wall Street Recruit After The Bailouts http://ktep.org/post/what-it-was-be-wall-street-recruit-after-bailouts Back in 2012, reporter Kevin Roose went undercover at a very exclusive party.<p>It was a dinner for a secret society, held once a year, at the St. Regis hotel in New York City. The secret society is called Kappa Beta Phi, and it's made up of current and former Wall Street executives — people like Michael Bloomberg, former heads of Lehman Brothers, Bear Stearns, Goldman Sachs. And every year the group holds a dinner to induct new people into the group — they're called neophytes.<p>No reporter has ever made it in. Roose wore a tuxedo, and got a seat at a table. Thu, 20 Feb 2014 08:43:00 +0000 Zoe Chace 35135 at http://ktep.org What It Was Like To Be A Wall Street Recruit After The Bailouts Spirit Airlines Taps A Nation Of Hate Fliers http://ktep.org/post/spirit-airlines-taps-nation-hate-fliers Spirit Airlines is one of the fastest-growing airlines in America. Last week, we flew Spirit from New York to Fort Lauderdale for $68.99 each. Cheap!<p>But that doesn't count fees. We paid $30 extra to pick our seats ahead of time. Once you're on the plane, a bottle of water costs $3. Even putting a bag in the overhead bin costs money on Spirit.<p>Somewhere between New York and Florida, the guy sitting across the aisle from us leaned over and said, "This sucks."<p>"I had to ask them if they charge to go to the bathroom," he said. Wed, 19 Feb 2014 21:19:00 +0000 Zoe Chace & Jacob Goldstein 35112 at http://ktep.org Spirit Airlines Taps A Nation Of Hate Fliers White House Reminds Firms Not To Overlook Long-Term Jobless http://ktep.org/post/white-house-reminds-firms-not-overlook-long-term-jobless Transcript <p>STEVE INSKEEP, HOST: <p>Here's another item likely to be part of tonight's State of the Union address: helping the long term unemployed. The president is expected to announce that some of America's firms have signed a pledge not to discriminate against the long term unemployed when they're hiring. This week, the president plans to meet with many of the CEOs of those companies. Tue, 28 Jan 2014 09:58:00 +0000 Zoe Chace 33630 at http://ktep.org How Perverse Incentives Drive Up Health Care Costs http://ktep.org/post/how-perverse-incentives-drive-health-care-costs Transcript <p>STEVE INSKEEP, HOST: <p>Emergency medical technicians, EMTs, are trained to save your life and aim to get you to a hospital as quickly as possible when needed. One thing they are usually not asked to do is to find ways to save money.<p>NPR's Zoe Chace explores one experiment in New York City that is trying to cut emergency care costs and cut return trips to the E.R.<p>ZOE CHACE, BYLINE: I'm in an ambulance, and we're on the way to the emergency room.<p>PETER DERMODY: How long have you been feeling like this, Michael?<p>MICHAEL: Like, two days.<p>DERMODY: For two days? Thu, 16 Jan 2014 10:11:00 +0000 Zoe Chace 32878 at http://ktep.org How A Community Bank Tripped On Footnote 1,861 Of The Volcker Rule http://ktep.org/post/how-community-bank-tripped-footnote-1861-volcker-rule When people talk about the Volcker Rule, they often mention JPMorgan Chase, the giant bank where a trader recently made a bad bet that lost $6 billion. The Volcker Rule is supposed to put an end to that sort of thing, by prohibiting banks from trading with their own money.<p>But some banks that are very, very different from JPMorgan Chase are struggling with an obscure provision in the rule. Fri, 10 Jan 2014 22:01:00 +0000 Zoe Chace 32552 at http://ktep.org Cities Across Northeast, Midwest Dig Out From Winter Storm http://ktep.org/post/cities-across-northeast-midwest-dig-out-winter-storm Transcript <p>AUDIE CORNISH, HOST: <p>This is ALL THINGS CONSIDERED from NPR News. I'm Audie Cornish.<p>After pummeling the Midwest, a big winter storm hit the Northeast today, dumping snow up and down I-95. Flights were canceled, major highways closed. Boston took on almost two feet. Up to 10 inches fell on New York City, where the new mayor has only been in office two days. And that's where our coverage begins this hour with NPR's Zoe Chace.<p>ZOE CHACE, BYLINE: I'm standing here in the snow and the cold and the sun in Woodside, Queens. Fri, 03 Jan 2014 21:26:00 +0000 Zoe Chace 32115 at http://ktep.org The Secret Protectionism Buried Inside NAFTA http://ktep.org/post/secret-protectionism-buried-inside-nafta Transcript <p>DAVID GREENE, HOST: <p>Now NPR's Zoe Chase, from our Planet Money Team, reminds us about one industry that played a big role in NAFTA's passage: men's underwear.<p>ZOE CHACE, BYLINE: Now you're used to the labels: made in Mexico, made in China, made in Bangladesh. Thu, 26 Dec 2013 09:50:00 +0000 Zoe Chace 31606 at http://ktep.org Next Stop Bangladesh As We Follow Planet Money's T-Shirt http://ktep.org/post/next-stop-bangladesh-we-follow-planet-moneys-t-shirt Bangladesh is the cheapest place in the world to make a T-shirt. But this month, the minimum wage there will rise from $39 a month to $68 a month. That's got some factory owners nervous about whether Western retailers there will pull out. Our Planet Money team examines the future of the garment industry in Bangladesh. <div class="fullattribution">Copyright 2013 NPR. Wed, 04 Dec 2013 10:03:00 +0000 Zoe Chace & Caitlin Kenney 30188 at http://ktep.org Next Stop Bangladesh As We Follow Planet Money's T-Shirt Two Sisters, A Small Room And The World Behind A T-Shirt http://ktep.org/post/two-sisters-small-room-and-world-behind-t-shirt <em>Part of the <a href="http://apps.npr.org/tshirt/#/title" target="_blank">Planet Money T-shirt Project</a></em><p>This is the story of how the garment industry is transforming life in Bangladesh, and the story of two sisters who made the Planet Money T-shirt.<p>Shumi and Minu work six days a week operating sewing machines at Deluxe Fashions Ltd. in Chittagong, Bangladesh. Tue, 03 Dec 2013 21:06:00 +0000 Zoe Chace & Caitlin Kenney 30146 at http://ktep.org Two Sisters, A Small Room And The World Behind A T-Shirt Nixon And Kimchi: How The Garment Industry Came To Bangladesh http://ktep.org/post/nixon-and-kimchi-how-garment-industry-came-bangladesh <em>More details were added to this post after it was published. The new information was courtesy of Vidiya Khan, director of the Desh Group, and daughter of Noorul Quader.</em><p>Bangladesh was created out of chaos in the early 1970s, at a moment when millions in the country were dying from a combination of war and famine. The future looked exceedingly bleak.<p>Abdul Majid Chowdhury and Noorul Quader were Bangladeshi businessmen who wanted to help their country. "We asked ourselves, 'What the hell do we want?' " Chowdhury recalls. Mon, 02 Dec 2013 20:57:00 +0000 Zoe Chace 30087 at http://ktep.org Nixon And Kimchi: How The Garment Industry Came To Bangladesh Robin Thicke's Song Sounds Like Marvin Gaye. So He's Suing Gaye's Family. http://ktep.org/post/robin-thickes-song-sounds-marvin-gaye-so-hes-suing-gayes-family "<a href="http://youtu.be/RA01pdI0jng" target="_blank">Blurred Lines</a>," this year's song of the summer*, sounds a lot like Marvin Gaye's "<a href="http://www.youtube.com/watch?v=fp7Q1OAzITM&noredirect=1" target="_blank">Got to Give It Up</a>," one of the songs of the summer of 1977.<p>In fact, it sounds so much like the Marvin Gaye song that Robin Thicke and the other guys behind Blurred Lines have launched a preemptive strike: They filed a lawsuit against Marvin Gaye's family. Mon, 19 Aug 2013 17:31:00 +0000 Zoe Chace 23315 at http://ktep.org Robin Thicke's Song Sounds Like Marvin Gaye. So He's Suing Gaye's Family. Heard It Through The Grapevine: Raisin Grower Goes Rogue http://ktep.org/post/heard-it-through-grapevine-raisin-grower-goes-rogue Transcript <p>DAVID GREENE, HOST: <p>Now, the story of a man many call an outlaw. His crime: growing raisins and then deciding to sell them all. His case made it all the way to the Supreme Court.<p>Planet Money's Zoe Chace has the story.<p>ZOE CHACE, BYLINE: You might imagine that such an ordinary thing like a raisin works the same way lots of other stuff works. The raisin grower takes his sun-dried grapes and sells them, as many as he can to whoever wants them. Wed, 14 Aug 2013 09:21:00 +0000 Zoe Chace 22980 at http://ktep.org The Raisin Outlaw Of Kerman, Calif. http://ktep.org/post/raisin-outlaw-kerman-calif Meet Marvin Horne, raisin farmer. Horne has been farming raisins on a vineyard in Kerman, Calif., for decades. But a couple of years ago, he did something that made a lot of the other raisin farmers out here in California really angry. So angry that they hired a private investigator to spy on Horne and his wife, Laura. Agents from a detective agency spent hours sitting outside the Hornes' farm recording video of trucks entering and leaving the property.<p>What did the Hornes do to become the subject of a surveillance campaign? They sold raisins. Fri, 09 Aug 2013 19:31:00 +0000 Zoe Chace 22719 at http://ktep.org The Raisin Outlaw Of Kerman, Calif. Stamps, Jeans, Beer: What Americans Want From North Korea http://ktep.org/post/stamps-jeans-beer-what-americans-want-north-korea U.S. sanctions mean that any citizen or business wanting to buy stuff from North Korea has to send a letter to the U.S. government asking for special permission. A few months back, we submitted a Freedom of Information Act request, asking for those letters.<p>Our request was granted: We recently received a packet of 18 letters from Americans who wanted to do business with the most isolated nation on the planet. Fri, 26 Jul 2013 18:16:00 +0000 Zoe Chace 21793 at http://ktep.org Stamps, Jeans, Beer: What Americans Want From North Korea The 'Ask Your Uncle' Approach To Economics http://ktep.org/post/ask-your-uncle-approach-economics The Beige Book is weird. It's an economic report released by the Federal Reserve every few months, but it doesn't have many numbers in it. Mostly, it's a bunch of stories gathered by talking to businesses around the country. Wed, 17 Jul 2013 21:23:00 +0000 Zoe Chace 21204 at http://ktep.org The 'Ask Your Uncle' Approach To Economics