Business

Race
12:43 pm
Wed September 12, 2012

Is The Black Middle Class Disappearing?

Originally published on Thu September 13, 2012 11:33 am

Transcript

MICHEL MARTIN, HOST:

This is TELL ME MORE from NPR News. I'm Michel Martin. We've been talking a lot about the economy in the past couple of weeks. The issue was at the forefront of the two political conventions that just ended and put a further exclamation point on the debate over whether Barack Obama or Mitt Romney would be the best person to address the issue.

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NPR Story
5:18 am
Wed September 12, 2012

4 Years After Bankruptcy, How Is Lehman Faring?

Originally published on Wed September 12, 2012 9:28 pm

Transcript

RENEE MONTAGNE, HOST:

It was four years ago this week that the big Wall Street investment bank Lehman Brothers declared bankruptcy. Its collapse sent shockwaves around the world and brought on the worst of the financial crisis. But the story didn't end there. Lehman Brothers is still in business - sort of.

Planet Money's Adam Davidson went to its offices in New York, and is here to tell us about it.

Good morning.

ADAM DAVIDSON, BYLINE: Good morning.

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The Salt
3:39 am
Wed September 12, 2012

Five Ways To Spot A Fake Online Review, Restaurant Or Otherwise

One sign that a restaurant review is a fake is if it gives a very high or very low rating without many specifics.
Bill Oxford iStockphoto.com

Originally published on Tue September 18, 2012 2:47 pm

Thinking of going to a nice restaurant? Before you decide, you probably go online and read reviews of the place from other customers (or you listen to these actors read them to you). Online reviews of restaurants, travel deals, apps and just about anything you want to buy have become a powerful driver of consumer behavior. Unsurprisingly, they have also created a powerful incentive to cheat.

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All Tech Considered
7:17 pm
Tue September 11, 2012

11 Takeaways From Zuckerberg's First Interview Since Facebook's IPO

Facebook CEO Mark Zuckerberg emphasized his company's mobile-centered future Tuesday, in his first public comments since Facebook's troubled IPO.
Eric Risberg AP

Originally published on Tue September 11, 2012 8:08 pm

Facebook CEO Mark Zuckerberg gave his first public interview after his tech company's rocky IPO and the disappointing stock performance that followed. Facebook's share price is now worth about $19 — half as much as it was priced back in May when its stock first went on the market.

Zuckerberg took questions from Michael Arrington at TechCrunch Disrupt, a San Francisco conference for startups. We watched and listened in to the talk in case you missed it:

Building a mission and business go hand-in-hand

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Economy
5:02 pm
Tue September 11, 2012

U.S. Treasury Cuts Stake In AIG With $18 Billion Sale

Originally published on Tue September 11, 2012 9:57 pm

Transcript

AUDIE CORNISH, HOST:

From NPR News, this is ALL THINGS CONSIDERED. I'm Audie Cornish.

MELISSA BLOCK, HOST:

And I'm Melissa Block. The U.S. government made a big chunk of money in the stock market today. It sold more than 630 million shares in AIG, the American International Group. The government reluctantly acquired the shares when it injected billions of dollars into the insurance giant to keep it from collapsing. The Treasury Department says the government turned a $15.1 billion dollar profit on the deal. Here's NPR's John Ydstie.

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Europe
4:45 pm
Tue September 11, 2012

Major Decision On European Debt Due In Germany

Originally published on Tue September 11, 2012 9:57 pm

Transcript

AUDIE CORNISH, HOST:

The bailout of AIG four years ago, was a defining moment in the U.S. economic crisis. Tomorrow brings a defining moment for Europe as it grapples with its own financial crisis. As NPR's Philip Reeves reports, a court in Germany will deliver a verdict in a case that goes to the very heart of Europe's strategy to save the eurozone.

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Shots - Health Blog
4:02 pm
Tue September 11, 2012

Insurance Costs Rise, But More Slowly

Heath coverage will cost you more than last year, but not as much as it might have.
iStockphoto.com

Originally published on Wed September 12, 2012 7:44 am

If you get health insurance on the job, chances are it cost more again this year.

Annual family health insurance premiums rose about 4 percent to $15,745 in 2012, according to the latest survey by the Kaiser Family Foundation and Health Research and Educational Trust.

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Planet Money
12:02 pm
Tue September 11, 2012

The iPhone 5 And The Economy: Don't Believe The Hype

Waiting to help the economy grow.
Kiichiro Sato AP

Originally published on Wed September 12, 2012 12:13 pm

The iPhone 5 will give a nice boost to U.S. economic growth in the last three months of this year, according to a new note from JPMorgan.

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Your Money
11:37 am
Tue September 11, 2012

Are You Susceptible To 'Seduction By Contract'?

Originally published on Tue September 11, 2012 12:03 pm

The new iPhone is expected to be unveiled this week, and customers can probably get a discount if they sign up for a lengthy service agreement. But New York University Law Professor Oren Bar-Gill tells host Michel Martin that consumers should think twice before signing the dotted line for things like phones, credit cards or mortgages.

Deceptive Cadence
3:31 am
Tue September 11, 2012

Atlanta Symphony Locked Out

The Atlanta Symphony performs at New York City's Carnegie Hall in 2011.
Jennifer Taylor

Originally published on Tue September 18, 2012 3:49 pm

The Atlanta Symphony Orchestra and its musicians are at an impasse. The players' contract expired at the end of last month. The symphony is facing a $20 million budget deficit, and it's seeking millions in concessions from the musicians. Both sides say they want to reach an agreement, but they've left the bargaining table, putting the orchestra's 68th season in jeopardy.

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Presidential Race
3:31 am
Tue September 11, 2012

Rhetoric Aside, Few Details Of Romney's Tax Plan

Republican presidential nominee Mitt Romney campaigns at PR Machine Works in Mansfield, Ohio, on Monday.
Charles Dharapak AP

Originally published on Tue September 11, 2012 3:59 pm

Republican presidential nominee Mitt Romney's proposal to overhaul the tax code continues to draw scrutiny.

Romney says it is possible to cut tax rates without driving the government deeper into the red, and that he can make up for the lost revenue by closing tax loopholes. But analysts have had a hard time testing Romney's claim because he hasn't offered many specifics.

When he was pressed by NBC's David Gregory this weekend to give an example of a loophole he would close, Romney didn't offer much detail.

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Opinion
2:00 pm
Mon September 10, 2012

Op-ed: America Needs Strikes

Originally published on Mon September 10, 2012 2:07 pm

Public school teachers in Chicago walked off the job Monday after failed contract negotiations with the city. Chicago Mayor Rahm Emanuel called the strike "unnecessary." In a piece for CNN.com, Chris Rhomberg, sociology professor at Fordham University, argues that America would be better off with more strikes.

Economy
2:00 pm
Mon September 10, 2012

The Housing Market: Have We Finally Hit Bottom?

Originally published on Mon September 10, 2012 3:51 pm

Transcript

NEAL CONAN, HOST:

This is TALK OF THE NATION. I'm Neal Conan in Washington. After five years of plunging prices and spiraling foreclosures, maybe, just maybe, the bubble's stopped bursting. Home prices are beginning to rebound in many parts of the country. Recent reports show fewer foreclosures in several hard-hit states.

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Economy
11:39 am
Mon September 10, 2012

Master Violin Maker Feels Economy's Sour Notes

Originally published on Mon September 10, 2012 2:17 pm

Transcript

MICHEL MARTIN, HOST:

Now it's time to open up the pages of the Washington Post magazine. That's something we do just about every week for interesting stories about the way we live now. And today a story about the business of music.

(SOUNDBITE OF VIOLIN)

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Election 2012
5:17 am
Mon September 10, 2012

Who's Responsible When A Business Succeeds?

Transcript

RENEE MONTAGNE, HOST:

A recurring debate in the American presidential contest is who is responsible when a business succeeds. Campaigning in Virginia this weekend, Mitt Romney repeated his assertion that it's individual entrepreneurs.

MITT ROMNEY: I've been impressed by the American spirit of people who are can-do and take-charge, want to start and build things. And by the way, they do build it themselves.

(SOUNDBITE OF CHEERING)

STEVE INSKEEP, HOST:

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Election 2012
2:59 pm
Sun September 9, 2012

Critics Say Ryan's Record Belies Tough Deficit Talk

Paul Ryan waves as he takes the stage at the Republican National Convention in Tampa, Fla., on Aug. 29. Ryan has been celebrated as a deficit hawk with bold vision, but some critics have called his record on deficit-reduction "dismal."
Chip Somodevilla Getty Images

Originally published on Sun September 9, 2012 5:08 pm

Paul Ryan has a reputation as a deficit hawk. Mitt Romney's running mate has proposed budgets that cut non-defense spending significantly, and advocated controlling Medicare costs by making it a voucher program. But critics argue there's a lot in the Wisconsin congressman's record that undermines his deficit-hawk reputation.

When Ryan gave the GOP response to President Obama's State of the Union address last year, he restated his commitment to debt and deficit reduction.

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Economy
7:24 am
Sun September 9, 2012

Shaping The Economic Future: 4 Big Ideas

Originally published on Mon September 10, 2012 12:02 pm

Transcript

LINDA WERTHEIMER, HOST:

Over the last month, WEEKEND EDITION has been talking to top economists about jobs, growth, debt and taxes. But we also ask them a broader question: What is the one big idea in economics that's really caught your attention lately?

NOURIEL ROUBINI: Ideally, I would like the economists to become boring again.

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All Tech Considered
6:12 am
Sun September 9, 2012

The Tech Buyer's Dilemma: Timing The Plunge

Amazon Kindle vice president Peter Larsen holds the Kindle Fire HD at the introduction of the new tablet in Santa Monica, Calif., on Thursday.
Reed Saxon AP

If you're one of those people who covet the latest, greatest thing (assuming you can afford it), life's been pretty tough for you lately. The announcements of new handheld electronic gadgets — and rumors of those to come (Apple fans are standing by) — have come so rapidly that it's been hard to keep up with them all.

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Presidential Race
4:31 pm
Fri September 7, 2012

Obama, Romney Spin New Jobs Report Differently

Originally published on Fri September 7, 2012 6:18 pm

Transcript

MELISSA BLOCK, HOST:

This is ALL THINGS CONSIDERED from NPR News. I'm Melissa Block.

ROBERT SIEGEL, HOST:

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Economy
4:31 pm
Fri September 7, 2012

New Unemployment Report Weaker Than Expected

Originally published on Fri September 7, 2012 6:18 pm

The jobs report released Friday morning came in weaker than expected. Employers added 96,000 jobs to payrolls. The unemployment rate did fall to 8.1 percent, but that was because so many people left the workforce.

Economy
4:31 pm
Fri September 7, 2012

Obama Administration: 'Recovery Has Been Resilient'

Originally published on Fri September 7, 2012 6:18 pm

Transcript

ROBERT SIEGEL, HOST:

Joining us now to talk about today's jobs numbers is Alan Krueger. He's the chairman of the White House Council of Economic Advisers. Welcome.

ALAN KRUEGER: Thank you.

SIEGEL: Is it fair to say that the good news here, the lower unemployment rate is produced by bad news, so many people leaving the workforce and that 96,000 jobs in a month is a discouraging jobs report?

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It's All Politics
2:30 pm
Fri September 7, 2012

Deflating Jobs Report May Not Move The Needle On The Election

President Obama spoke at a campaign event at Strawbery Banke Museum in Portsmouth, N.H., on Friday.
Pablo Martinez Monsivais AP

Originally published on Fri September 7, 2012 2:52 pm

It wasn't what President Obama was hoping for: another disappointing jobs report the morning after he accepted the Democratic nomination and asked Americans to stay the course.

The U.S. economy added just 96,000 jobs last month, according to the Labor Department, and a drop in the unemployment rate to 8.1 percent was mostly due to people giving up on job searches.

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Economy
11:58 am
Fri September 7, 2012

What August Job Numbers Mean

The Labor Department reported that the economy added 96,000 jobs in August, far fewer than analysts had predicted. The unemployment rate fell from 8.3 percent to 8.1 percent, an indication that more people moved out of the workforce. Host Michel Martin discusses the latest unemployment numbers with NPR Senior Business Editor Marilyn Geewax.

U.S.
10:15 am
Fri September 7, 2012

Close Read: Obama's Speech And The Jobs Numbers

Transcript

RENEE MONTAGNE, HOST:

It's MORNING EDITION from NPR News. I'm Renee Montagne.

STEVE INSKEEP. HOST: And I'm Steve Inskeep. Hours after President Obama delivered his speech at the Democratic Convention, the latest unemployment report provided a reminder of what's at stake. The unemployment rate dropped in August, which sounds good, but the number of jobs created was below expectations for August.

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The Two-Way
7:51 am
Fri September 7, 2012

High Unemployment & Slow Job Growth: Likely News From Today's Report

At a job fair in San Diego this week, Navy Sailor E-5 Cedric Washington spoke to Sim Garriotti from Lockheed Martin while interviewing for a potential position.
Sandy Huffaker Getty Images

Originally published on Fri September 7, 2012 10:34 am

The number of jobs on private and public payrolls grew by just 96,000 in August from July, the Bureau of Labor Statistics said this morning.

Meanwhile, the nation's unemployment rate edged down to 8.1 percent from 8.3 percent the month before. Often, the jobless rate dips even when employment growth is weak because the size of the labor force shrank as many Americans gave up looking for work.

It's a report that will surely add to the presidential campaign rhetoric.

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Planet Money
3:23 am
Fri September 7, 2012

This Man Makes Beautiful Suits, But He Can't Afford To Buy One

See photos of Peter Frew and other tailors in this slide show from The New York Times Magazine.
Marvin Orellana The New York Times

Originally published on Fri September 7, 2012 10:15 am

Peter Frew is one of a tiny number of people left in the United States who can — entirely on his own, using almost no machinery — make a classic bespoke suit. He can measure you, draw a pattern, cut the fabric and then hand-stitch a suit designed to fit your body perfectly.

Frew spent more than a decade as an apprentice for a remarkable tailor in his native Jamaica. He now sells his suits for about $4,000. Since New York is filled with very rich people who see their suits as an essential uniform, Frew has all the orders he can handle.

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The Salt
3:22 am
Fri September 7, 2012

Panera Sandwich Chain Explores 'Pay What You Want' Concept

This Panera Cares store in Chicago switched from for-profit to nonprofit this summer, and it started asking customers to pay whatever they want.
Niala Boodhoo for NPR

Originally published on Wed September 19, 2012 4:11 pm

The concept of "pay what you want" for goods and services is a nostalgic throwback to the days when people trusted one another just a little bit more, and it's something you expect to see at the occasional farm stand or at a hip, independent coffee shop.

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The Two-Way
6:32 pm
Thu September 6, 2012

S&P 500 Spikes To New Four-Year High On News About Europe, U.S. Jobs

The Standard & Poor's 500-stock index rose to levels it hasn't hit in more than four years today, bolstered by the European Central Bank's plan to buy bonds of struggling countries to help support the euro. Strong U.S. jobs data also contributed to the gains.

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Business
6:22 pm
Thu September 6, 2012

Stocks Get Bounce From Europe; Focus Turns To Jobs

Traders on the floor of the New York Stock Exchange on Aug. 9. Economic developments on both sides of the Atlantic could have a big impact on the U.S. presidential election.
Richard Drew AP

Originally published on Thu September 6, 2012 6:32 pm

As the political conventions wrap up, talking points concerning the economy may seem locked into place: Growth is continuing, but at a slow pace.

Don't be fooled.

There's still plenty of time for big surprises, and Thursday provided a stunning example. Stock prices shot to highs not seen in years.

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Europe
4:40 pm
Thu September 6, 2012

European Central Bank Unveils Bond-Buying Plan

Originally published on Thu September 6, 2012 7:09 pm

Transcript

ROBERT SIEGEL, HOST:

This is ALL THINGS CONSIDERED, from NPR News. I'm Robert Siegel. And we begin this hour with a bold move in Europe. The head of the European Central Bank today unveiled a plan that he said will help contain the continent's grinding debt crisis. Mario Draghi announced the ECB will step up its purchases of government bonds. The point is to bring down interest rates in Spain, Italy and other heavily indebted countries.

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