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Continuing its push into Web content and advertising, Verizon is buying Yahoo Inc. for about $4.83 billion in cash, the two companies confirmed Monday morning, ending a purchase process that began months ago.

The deal comes more than a year after Verizon paid $4.4 billion to acquire AOL, in a deal that was viewed as hinging on AOL's ad software and mobile video content.

Why can't kids today just work their way through college the way earlier generations did?

The answer to that question isn't psychology. It's math. A summer job just doesn't have the purchasing power it used to, especially when you compare it with the cost of college.

What Verizon Will Get When It Buys Yahoo

8 hours ago
Copyright 2016 NPR. To see more, visit NPR.

Economy is fodder for politics

9 hours ago
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Mitchell Hartman

The state of the economy will affect voters’ decision-making in November, and also provide talking points for both parties’ presidential candidates on the stump.

Economist Michael Strain at the American Enterprise Institute said that a snapshot taken at this point, midsummer, shows a pretty healthy U.S. economy.

“For July 2016, I think you’d have a very good grade,” said Strain. “The last jobs report was extremely good. The unemployment rate is quite low. Stock prices are looking good.”

Verizon to purchase Yahoo for $4.8 billion

10 hours ago
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Lane Wallace

Verizon Communications has confirmed it will purchase the main core of Yahoo’s internet business for $4.8 billion, a paltry sum compared to Yahoo’s value in its heyday.

In Texas, kids learn money doesn't grow on trees

11 hours ago
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Bill Zeeble

Enterprise City is a tiny North Texas town where the government and every business are run by students. The kids get paid too, even though they’re underage. And it’s all legal.  Enterprise City was launched to teach government and commerce. Now that Texas requires financial literacy courses through eighth grade, the little town’s getting additional interest.

In a large school classroom in Richardson, just north of Dallas, Enterprise City is bustling. Fifth graders, like 11 year-old Jay Thompson from Lakeside Elementary, are busy being in charge of things.

Paid internships more likely to lead to job offers

12 hours ago
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Ashley Milne-Tyte

It’s summer, and interns are trying to make their mark at workplaces all over the country. A lot of them hope their efforts will lead to a job offer. A new student survey from the National Association of Colleges and Employers says your chances of getting that offer vary depending on the type of internship you take. 

Almost three-quarters of paid interns in the corporate world got a job after finishing an internship. About 44 percent of unpaid interns did.

2 killed, 17 shot at Florida nightclub

12 hours ago

Two people have been killed and more than a dozen shot at a nightclub in Fort Myers, Florida, authorities said.

As many as 17 people have been shot in the early Monday shooting at Club Blu, police Capt. Jim Mulligan said.

Three people have been taken into custody and there are two active crime scenes, Mulligan said.

The area was later deemed safe, but Mulligan said a street was still closed as authorities investigated.

Marketplace Tech for Monday, July 25, 2016

12 hours ago
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Marketplace

On today's show, we'll talk about a Yahoo-Verizon deal; interview author David Sheff about his book "Game Over: How Nintendo Conquered the World"; and speak to people who are still fond of VCRs.

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Marketplace

On today's show, we'll talk about Verizon's planned $5 billion purchase of Yahoo's core business; the current state of the economy; and the lessons Washington Post columnist Allan Sloan has learned about bond investments.

 

The duct tape economy

13 hours ago
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Kim Adams, Andrea Seabrook and Katie Long

From the Democratic National Convention in Philadelphia, we hear from locals about what really matters to them in this election, and whether the convention is an opportunity or a waste of time.

Yahoo has found a buyer for its core Internet business: the nation's largest telecom provider, Verizon Communications. The two companies are set to announce a $4.8-billion deal on Monday, according to Bloomberg.

Copyright 2016 NPR. To see more, visit http://www.npr.org/.

When you play a game, you have to learn some rules, right? Well, same goes for designing a game. And here's one rule: No idea is too wacky.

Take a game called Unexploded Cow, for instance.

"That's a game where you've discovered two problems with a common solution," says the game's co-creator, James Ernest. "There's mad cows in England and unexploded bombs in the French countryside, and you're going to bring them together and solve everybody's problems by blowing up a bunch of cows. "

Packing your child's lunch calls for a whole different level of preparation in Japan. There, moms often shape ordinary lunch ingredients like ham or rice into cute little pandas, Pokemon or even famous people's faces. It's called character bento, and there's considerable pressure to produce these cute food creations.

Tomomi Maruo has been teaching how to make character bentos, or "kyaraben" for short — at her home for the past 13 years.

Copyright 2016 NPR. To see more, visit NPR.

Summertime means college graduates are on the lookout for work and housing. For those eyeing big city life the trick to paying reasonable rent might mean downsizing — really downsizing.

In coastal cities, where space is scarce and demand is through the roof, there is a new housing trend developing: micro apartments.

Think dorm life, but a little more grown up. Small studio apartments, kitchenettes and beds that fold into the wall to make space.

At Green House Data in Cheyenne, Wyo., energy efficiency is an obsession.

When someone enters one of the company's secured data vaults, they're asked to pause in the entryway and stomp their shoes on a clear rubber mat with a sticky, glue-like finish.

"Dust is a huge concern of ours," says Art Salazar, the director of operations.

That's because dust makes electronics run hotter, which then means using more electricity to cool them down. For data centers, the goal is to use as little electricity as possible, because it's typically companies' biggest expense.

Episode 576: When Women Stopped Coding

Jul 22, 2016

Note: This episode originally aired in October, 2014.

Mark Zuckerberg. Bill Gates. Steve Jobs. Most of the big names in technology are men.

But a lot of computing pioneers, the ones who programmed the first digital computers, were women. And for decades, the number of women in computer science was growing.

But in 1984, something changed. The number of women in computer science flattened, and then plunged.

VCRs are about to be officially out of production

Jul 22, 2016
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Kai Ryssdal

This will make some portion of you say, "Wait, what are you talking about?" and some other portion of you feel really, really old.

Reports in the Japanese Nikkei Asian Review say that later this month the very last VCR ever is going roll off the assembly line at the last company making them: Funai Electric.

Parts are too hard to find, apparently.

In other news, Funai Electric sold 750,000 VCRs last year.

Facebook just announced the first full-scale test flight of its unmanned, high-altitude airplane, Aquila. The plane isn't finished yet — the 90-minute test flight assessed only its takeoff and low-altitude flying capabilities — but its ultimate goal is to provide wireless Internet to the ground as it flies.

Facebook founder Mark Zuckerberg shared a video of the test flight.

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Kai Ryssdal

Joining us to talk about the week's business and economic news are Nela Richardson of Redfin and David Gura of Bloomberg. This week, they discuss Donald Trump's RNC speech and his economic plan.

Click the audio player above to listen to their conversation

Life among the upper, upper class in Brazil

Jul 22, 2016

In just two weeks, the 2016 Olympics start in Rio de Janeiro, but it's anyone's guess whether Brazil is ready.

Marketplace for Friday, July 22, 2016

Jul 22, 2016
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Marketplace

We unpack the last five days of economic news with Nela Richardson of Redfin and David Gura of Bloomberg for the Weekly Wrap; more voices from the RNC; and continuing our coverage of race and income inequality with our series "How the Deck Is Stacked."

Musician Xenia Rubinos takes the Marketplace Quiz

Jul 22, 2016
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Raghu Manavalan

Think back to your first job. Maybe you learned a lesson that stuck with you or maybe you used the money you earned from it to make an impulse purchase you really, really wish you could take back.

The middle-class American vacation: a history

Jul 22, 2016
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Mitchell Hartman

There is a sprawling colony of tiny cabins, family bungalows, dining and lecture halls, and recreation facilities on the outskirts of Boulder, Colorado, that shows just how accessible and affordable regular vacations were for some middle-income Americans in the past.

Today, the 26-acre Colorado Chautauqua center, at the edge of public parkland near the popular Flatirons hiking area, operates as a nonprofit lodging and events facility (it is also a national historical site).

Marketplace Weekend for Friday, July 22, 2016

Jul 22, 2016
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Marketplace

On this episode of Marketplace Weekend, Marketplace Washington, D.C., reporters Kimberly Adams and Nancy Marshall-Genzer join Lizzie to go long and short on topics related to the Republican and Democratic National Conventions. Marketplace D.C. Bureau Chief Andrea Seabrook reports from Cleveland about political outsiders there. Later, listeners weigh in on compromises they've made in their financial lives, and CBS business analyst Jill Schlesinger gives some advice about how to make everyone happy in a financial negotiation.

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Marketplace Weekend Staff

In our latest Marketplace Edison Research Poll we found that a lot of you aren't taking vacations regularly.

That's why for this week's conversation, we're talking about vacation and work-life balance.

How do you balance your work and personal time?

Are you decisions based on money? Family? Guilt?

Overcoming racial and economic struggle in Philadelphia, Mississippi

Jul 22, 2016
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Marketplace

The 2016 Democratic National Convention begins Monday in Philadelphia, Pennsylvania. Delegates of the Democratic Party will officially announce the nominee for president and vice president of the United States in the election.

On today's show, we'll talk about Donald Trump's assessment of the economy; the intersectional challenges that Latino victims of the Pulse shooting are facing; the reasons why some studios are reluctant to show footage of their upcoming films at Comic-Con; and a rankings shift in Bloomberg's list of the world's billionaires.

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