Business

Fine Art
3:49 am
Wed November 12, 2014

Famous Paintings Sell For Millions At Auction, But The Artist Gets Zero

Andy Warhol's Triple Elvis [Ferus Type] is set to be auctioned at Christie's, and expectations are high — but Warhol's estate won't see any of the money.
Christie's Images LTD. 2014

Originally published on Wed November 12, 2014 2:02 pm

It's fall auction season in New York, and two Andy Warhol silkscreens are on the block at Christie's. One is of Elvis Presley — it's called Triple Elvis; the other is Four Marlons — as in Marlon Brando. In the late 1970s, a German casino bought both works for $185,000. This time around, they're expected to fetch more than $100 million. Andy Warhol's estate won't see any of that money: Unlike musicians or novelists, visual artists don't earn future royalties. But that may be about to change.

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The Two-Way
8:00 pm
Tue November 11, 2014

Chinese Shoppers Set Record For 'Singles Day' Shopping Spree

Originally published on Wed November 12, 2014 9:26 am

You might not know this, but today is "singles day." That's according to China and the world's largest supplier of goods, Alibaba. Together the two have turned an obscure student holiday into the country's biggest shopping event.

In the 1990s, Chinese university students began celebrating being unattached on Nov. 11, which of course is abbreviated 11/11.

The idea was for singles to go out, go to parties, go to bars without all the Valentine's Day commercial schmaltz.

At least that's what it was. Now it's the biggest commercial holiday on the planet.

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U.S.
4:17 pm
Tue November 11, 2014

IRS Warns Tax Filing Deadlines And Refunds Could Be Delayed

Originally published on Tue November 11, 2014 6:24 pm

The Internal Revenue Service has warned of tax season chaos if Congress fails to pass a series of breaks by the end of November. The so-called tax extenders include everything from deductions for school teachers who buy classroom supplies to faster depreciation for business equipmentent.

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Shots - Health News
10:56 am
Tue November 11, 2014

Pay Attention To The Health Insurance Calendar To Avoid Surprises

Mind the gap. When the 2015 open enrollment period begins on Nov. 15 for plans sold on the individual market, consumers would be wise to act promptly to avoid a gap in coverage.

Failing to do so could leave you exposed to unexpected medical bills. (Uh-oh, appendicitis!) And you could also be hit with a penalty for not having health insurance that kicks in if you go without coverage for three months or more during the year.

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The Two-Way
8:10 am
Tue November 11, 2014

U.S. And China Move Toward Ending Tariffs On High-Tech Gear

An international tariff on high-tech goods could be rewritten, thanks to negotiations in China. Here, men use smartphones in Beijing last month, days after Apple released its iPhone 6 in the Chinese market.
GREG BAKER AFP/Getty Images

Originally published on Tue November 11, 2014 1:29 pm

A tariff system that adds as much as 25 percent to the cost of American high-tech products could be on the way out, thanks to negotiations at the Asia-Pacific Economic Cooperation summit in China. President Obama announced the new progress Tuesday.

The development could speed the adoption of a new agreement by the World Trade Organization. The current tariff system has been in place for nearly 18 years and now applies to more than $4 trillion in annual global trade, U.S. officials say.

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Business
7:03 am
Tue November 11, 2014

Politics And A Food Fight Are Stalling A Major U.S.-Asia Trade Deal

A Malaysian flag sits on a table among other flags during a news conference at the Trans-Pacific Partnership Free Trade Agreement talks in July 2012 in San Diego. Nearly two and a half years later, the deal remains incomplete.
Gregory Bull AP

Originally published on Tue November 11, 2014 10:30 am

Earlier this year, some trade supporters had predicted this week's APEC summit would bring a breakthrough on a comprehensive trade deal.

They had hoped that when the 21 global leaders met at the Asia-Pacific Economic Cooperation Summit, Obama would be able to use a smaller side meeting to conclude the Trans-Pacific Partnership, a trade deal involving the United States, Canada, Australia and New Zealand, as well as eight Asian and Latin American countries.

But the deal wasn't reached, and there's no telling when it will be.

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Research News
5:07 am
Tue November 11, 2014

Study Shows Long-Term Benefits Of Welfare Program

Originally published on Tue November 11, 2014 6:54 am

Copyright 2014 NPR. To see more, visit http://www.npr.org/.

All Tech Considered
3:36 am
Tue November 11, 2014

Tech Star Wants To Make Diversity Plug-And-Play For Silicon Valley

Tristan Walker founded Code2040, an internship program designed to bring Latino and black engineering undergrads to Silicon Valley.
David Paul Morris Bloomberg via Getty Images

Originally published on Tue November 11, 2014 11:11 am

Tristan Walker is successful by anyone's standards: He went to a top-notch prep school, graduated as valedictorian at college, went on to become a trader on Wall Street, earned an MBA at Stanford, and then helped to launch the location app Foursquare.

But what makes Walker so remarkable is that he is one of the few African-Americans to rise up the ranks in Silicon Valley.

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Business
5:01 am
Mon November 10, 2014

Labor Dispute Criticized For Slowing West Coast Port Traffic

Originally published on Mon November 10, 2014 8:34 am

At odds are Pacific dockworkers and shipping companies. For months they've been trying to work out a new labor agreement. And now, shippers are accusing dockworkers of deliberately slowing their work.

Copyright 2014 NPR. To see more, visit http://www.npr.org/.

Transcript

STEVE INSKEEP, HOST:

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Business
4:54 pm
Sun November 9, 2014

Holiday Travelers Should Expect Packed Planes, Higher Fares

The airline industry is predicting more people will take to the skies this Thanksgiving than in any year since the start of the recession.
David Goldman AP

Originally published on Sun November 9, 2014 6:21 pm

With gas and oil prices plunging, among those benefiting are airlines. With fuel prices down, profits are up, but that doesn't mean you'll be able to find cheap airfares, especially over the holidays.

The airline industry is predicting more people will take to the skies over Thanksgiving than any year since the start of the recession.

The weather in Chicago is not quite frightful yet, but the snow and cold is coming; so warm weather destinations for the holidays sound appealing.

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Economy
4:54 pm
Sun November 9, 2014

Low Gas Prices Haven't Slowed Domestic Drilling — Yet

Lower oil prices, while good for the economy, are a threat to what has been a dramatic surge in oil production in the U.S.
David Goldman AP

Originally published on Mon November 10, 2014 3:22 pm

It's lunchtime in Douglas, Wyo., a town smack in the middle of the state's booming oil patch, and the line of cars at the McDonald's drive-through wraps around the building. A hiring poster hangs in the window, and the parking lot is full.

Troy Hilbish, a tool hand for the oil field servicing company Schlumberger, says while he didn't know oil prices have been falling, he does know what falling prices mean.

"If the oil prices go up, we drill more," Hilbish says. "If they go down, we don't drill as much."

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Around the Nation
7:38 am
Sat November 8, 2014

Bankruptcy Judge: Detroit Deal Nearly Miraculous

Originally published on Sat November 8, 2014 12:33 pm

Copyright 2014 NPR. To see more, visit http://www.npr.org/.

Transcript

LINDA WERTHEIMER, HOST:

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Commentary
5:53 am
Sat November 8, 2014

A Challenge To The New Congress: Fix Stagnant Wages

Speaker of the House John Boehner looks on as President Barack Obama meets with bipartisian congressional leaders at the White House on the results of this week's elections.
Getty Images

Originally published on Sat November 8, 2014 12:33 pm

One of my favorite arguments — and one I've had in just about every even numbered year since the seventies — is about when to stop talking about politics. A surprising number of people think that since elections are on Tuesday, by Saturday all that can be said has been said, and nothing more should be said.

As a person who's covered politics for decades, I don't believe that. Saturday after the election and the Saturday after that are good days to talk politics. And we need to talk.

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Around the Nation
4:32 pm
Fri November 7, 2014

'Grand Bargain' Will Help Save Detroit — And Its Art

Originally published on Fri November 7, 2014 8:11 pm

Copyright 2014 NPR. To see more, visit http://www.npr.org/.

Transcript

MELISSA BLOCK, HOST:

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Planet Money
4:32 pm
Fri November 7, 2014

Liberia's 'Flags Of Convenience' Help It Stay Afloat

Originally published on Fri November 7, 2014 8:11 pm

Copyright 2014 NPR. To see more, visit http://www.npr.org/.

Economy
4:32 pm
Fri November 7, 2014

Beyond The Unemployment Rate: Look At These 5 Labor Indicators

Job hunters line up for interviews at an employment fair in New York City. The unemployment rate tells only a partial story about the U.S. labor market.
Mark Lennihan AP

Originally published on Fri November 7, 2014 8:11 pm

The unemployment rate has fallen to its lowest level since July 2008 — to 5.8 percent — the Labor Department said Friday. And October marks the ninth month in a row that job growth has exceeded 200,000.

But if you ask Americans about the economy, they're still mostly not impressed.

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The Two-Way
11:58 am
Fri November 7, 2014

Judge Approves Detroit's Plan To Exit Bankruptcy

Detroit emergency manager Kevyn Orr (left) speaks at a news conference in Detroit as Michigan Gov. Rick Snyder, who appointed Orr, listens. Orr's plan for the city to emerge from bankruptcy was approved by a federal judge today.
Paul Sancya AP

Originally published on Fri November 7, 2014 2:59 pm

Updated at 1:15 p.m. ET

A federal judge today gave the OK to a bankruptcy exit strategy proposed by Detroit nearly 16 months after the city asked for protection from its creditors.

At a 1 p.m. ET hearing, Judge Steven Rhodes found that the plan was fair and feasible. He's expected to issue a written ruling later.

"This city is insolvent and desperately needs to fix its future," Rhodes said.

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The Two-Way
8:53 am
Fri November 7, 2014

Economy Continues Adding Jobs, Unemployment Rate Dips To 5.8 Percent

BLS

Originally published on Fri November 7, 2014 9:34 am

The October jobs report from the Bureau of Labor Statistics showed that the economy continued to add jobs at a healthy clip.

Here are the two big numbers:

The economy added 214,000 jobs; less than the 248,000 produced in September, but just about the 200,000 needed to keep pushing down the unemployment rate.

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NPR Story
4:58 am
Fri November 7, 2014

Judge To Rule Friday On Detroit's Bankruptcy Exit

Originally published on Fri November 7, 2014 8:09 am

Copyright 2014 WDET-FM. To see more, visit http://www.wdet.org.

Transcript

RENEE MONTAGNE, HOST:

And today is decision day in Motor City. A federal judge is set to rule on Detroit's plan to exit the largest municipal bankruptcy in U.S. history. Quinn Klinefelter from member station WDET has our story.

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NPR Story
4:58 am
Fri November 7, 2014

Future U.S. Manufacturing Jobs Will Require More Brain Than Brawn

Originally published on Tue November 11, 2014 4:27 pm

Copyright 2014 NPR. To see more, visit http://www.npr.org/.

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STEVE INSKEEP, HOST:

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NPR Story
4:58 am
Fri November 7, 2014

October Jobs Data Show Solid Employment Growth

Originally published on Tue November 11, 2014 4:27 pm

Copyright 2014 NPR. To see more, visit http://www.npr.org/.

Transcript

RENEE MONTAGNE, HOST:

Here's an irony of the thumping President Obama's party took on Election Day - voters were disappointed with both the president and the country's direction. Yet on the day after the election, the president was able to paint a sunny picture.

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Parallels
3:37 am
Fri November 7, 2014

China's Corruption Crackdown Pummels Macau Casinos

The casino strip in Macau has revenues roughly seven times its counterpart in Las Vegas. With China's government cracking down on corruption, the gambling business is down sharply.
Chris McGrath Getty Images

Originally published on Sat November 8, 2014 12:42 pm

The southern Chinese city of Macau is the global capital of casino gambling. Last year, revenue rose about 20 percent, hitting $45 billion — nearly seven times the haul on the Las Vegas strip.

But since June, Macau's take has tumbled every month, according to local government figures. In October, revenue plunged 23 percent, the biggest drop on record.

Insiders say China's anti-corruption crackdown is scaring off high rollers — including corrupt officials.

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The Two-Way
5:31 pm
Thu November 6, 2014

Jet Fuel Is Down, But Not Enough For A Thanksgiving Fare War

A plane takes off over a departure board at Hartsfield-Jackson Airport in Atlanta last November. Airlines say they expect an uptick in Thanksgiving travel this year.
David Goldman AP

Originally published on Fri November 7, 2014 9:29 am

Airlines are paying less for jet fuel these days. But don't expect that price drop to translate into Thanksgiving travel bargains for you.

Rather than cut fares, airlines are turning fuel savings into cash for acquiring aircraft, upgrading software, rewarding workers and attracting long-term investors, according to John Heimlich, chief economist for Airlines For America, A4A, a trade group.

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Environment
3:26 am
Thu November 6, 2014

Republican Sweep Highlights Climate Change Politics In Alaska

Oil, carried here by the Trans-Alaska Pipeline, is fundamental to the state's economy. But Alaskans also face the effects of climate change in their daily lives.
Al Grillo AP

Originally published on Thu November 6, 2014 11:15 am

On election night in a hotel ballroom in Anchorage, Alaska, Sen. Lisa Murkowski picked up a chair and waved it over her head.

"I am the chairmaaaaaaaaaaan!" she shouted.

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American Made: The New Manufacturing Landscape
3:24 am
Thu November 6, 2014

In South Carolina, A Program That Makes Apprenticeships Work

John Harris makes a weld for a test during a welding class at Spartanburg Community College in Spartanburg, S.C., on Oct. 22.
Mike Belleme for NPR

Originally published on Thu November 6, 2014 6:41 pm

Several years ago, South Carolina had a problem: a shortage of skilled workers and no good way to train young people for the workforce. So at a time when apprenticeship programs were in decline in the U.S., the state started a program called Apprenticeship Carolina.

"We were really, really squarely well-positioned at the bottom," says Brad Neese, the program's director.

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Business
12:00 pm
Wed November 5, 2014

Thumbs Up For Higher Minimum Wages, And For Marijuana Industry

Fast-food workers and activists demonstrate outside a Chicago McDonald's in July in favor of a higher minimum wage. Illinois voters on Tuesday called on the state Legislature to approve a $10 minimum wage.
Scott Olson Getty Images

Originally published on Wed November 5, 2014 3:44 pm

Besides electing lawmakers Tuesday, voters settled ballot initiatives affecting everything from soda-pop taxes to fracking to marijuana sales.

The outcomes varied, but there was one economic issue that united voters. Overwhelmingly, they approved raises for minimum-wage workers.

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Energy
3:28 am
Wed November 5, 2014

New England Electricity Prices Spike As Gas Pipelines Lag

One proposed solution for New England's energy price spike problem: Importing more liquefied natural gas and feeding it into the pipeline network on the other side of the region's bottleneck.
Sam Evans-Brown New Hampshire Public Radio

Originally published on Wed November 5, 2014 11:58 am

When Don Sage of Concord, N.H., learned his electric bill could rise by as much as $40 a month he got flustered. He and his wife make do on a bit less than $30,000 a year in Social Security payments, and they pay close attention to their electric bills.

"When the invoice comes in the mail to get paid, I have a target amount that we can fluctuate up or down, based on our fixed budget," Sage says. "They don't need my permission to hike up their rates, but the fact is we're the ones that are paying these increases."

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Business
6:32 pm
Tue November 4, 2014

It's Still Too Early For Tanking Oil Prices To Curb U.S. Drilling

Ray Gerrish repairs a drilling rig near Watford City, N.D. Oil industry analysts predict that oil prices will have to remain low for at least several months before having a significant effect on U.S. production.
Jim Gehrz MCT/Landov

Oil prices fell again Tuesday, to just below $76 a barrel before recovering slightly — one day after Saudi Arabia cut prices for the crude it sells in the U.S. market.

During most of the last quarter-century, that would have been viewed as a very positive development for the U.S. economy. But oil production here has increased so quickly in the past several years, the continuing price drops pose a potential threat to U.S. oil producers.

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Business
3:23 am
Tue November 4, 2014

Falling Oil Prices Make Fracking Less Lucrative

Pumpjacks at the Inglewood oil fields in California in March. Some of the most controversial methods of oil extraction, like fracking, oil sands production and Arctic drilling, are also expensive. That's made them less profitable as the price of oil continues to fall.
Richard Vogel AP

Originally published on Tue November 4, 2014 12:35 pm

Oil prices are down than more than 25 percent since June and are staying low for now. Drivers may appreciate that, but for oil companies, it's making some of the most controversial methods of producing oil less profitable — and in a few cases, unprofitable.

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Book News & Features
8:00 am
Mon November 3, 2014

After 'Fifty Shades,' Could This Be The Next Big Online Hit?

Charles Sykes /AP

Originally published on Mon November 3, 2014 5:23 pm

Much like Fifty Shades of Grey, After is an epic, erotic fan fiction that's being repackaged by a major publishing house. But where Fifty Shades was inspired by the Twilight books, After is loosely based on real people: The British boy band One Direction. And the first volume of After has just hit stores — but let's rewind a little, to those words, "fan fiction." I know, you're probably making a face right now, but bear with me.

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