Business

Politics
4:06 pm
Tue June 17, 2014

Lightning-Fast Trades Go Beneath The Congressional Microscope

Originally published on Tue June 17, 2014 8:33 pm

The Senate Permanent Subcommittee on Investigations is holding a hearing on problems in the financial markets caused by high-frequency trading firms.

Shots - Health News
12:13 pm
Tue June 17, 2014

How Does The Federal Health Law Affect Insurance Price Hikes?

What will insurance buyers find when they look to get or renew coverage?
Zack Blanton iStockphoto

Buying health insurance, even on the exchanges created by the health law, can be an expensive proposition. And some consumers are already wondering how much coverage will cost next year. That led to a recent question about the rules that apply to insurance premiums.

I understood that under the health law, premiums for individuals could not increase by double digits, that rate increases were capped at under 10 percent unless approved by the government. Isn't that right?

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Money Coach
12:04 pm
Tue June 17, 2014

Coupling Finances: The First 'I Do' For Newlyweds?

Originally published on Tue June 17, 2014 12:34 pm

Transcript

MICHEL MARTIN, HOST:

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Business
5:33 am
Tue June 17, 2014

Dent Guys Chase Hail Storms To Find Repair Work

Originally published on Tue June 17, 2014 7:26 am

Transcript

RENEE MONTAGNE, HOST:

When a severe hailstorm hammers a community, it's often a group of PDR technicians who straighten things out. Vermont Public Radio's Nina Keck tell us more about the nomadic, little-known world of paintless dent repair.

NINA KECK, BYLINE: Last month, Rutland, Vermont, got hit with something it rarely encounters - big, destructive hail.

(SOUNDBITE OF ARCHIVED RECORDING)

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Business
5:28 am
Mon June 16, 2014

Federal Reserve Has New Worries About Inflation Rate

Originally published on Mon June 16, 2014 9:48 am

After years of concern about prices and wages going up too much, central banks are worried about too little inflation. Linda Wertheimer talks to David Wessel of the Brookings Institution.

U.S.
5:52 pm
Sun June 15, 2014

Home, Food Or Health Care: A Choice Many Renters Can't Afford

As the number of renters in Los Angeles increases, construction of new apartments isn't keeping pace with demand, resulting in rents higher than many can afford.
Mandel Ngan AFP/Getty Images

Originally published on Mon June 16, 2014 2:56 pm

The mortgage crisis that devastated the economy has received endless attention, but it's not just homeowners who have suffered badly in this economy.

As of 2012, renters made up 35 percent of American households. Their numbers are growing, reversing a decades-long uptick in homeownership.

And in the past 50 years, the percentage of income they're spending on the rent has increased dramatically. A quarter of renters are spending more than half their income on rent.

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Business
5:17 am
Fri June 13, 2014

At E3, Critics Renew Calls For More Diverse Video Game Characters

Originally published on Fri June 13, 2014 9:29 am

Even though women make up a significant proportion of dedicated gamers, there are few female protagonists in big-selling video games. The same goes for ethnic and racial minorities.

Business
5:12 am
Thu June 12, 2014

Study: Climate Change Is A Growing Threat To Corn Production

Originally published on Mon June 30, 2014 9:38 am

Transcript

RENEE MONTAGNE, HOST:

And from food to fuel, corn is a major pillar of the U.S. economy. It's the country's biggest crop. One-third of all U.S. cropland is dedicated to corn. A new study says climate change and unsustainable irrigation practices are a long-term threat to U.S. corn production. The study calls on farmers, governments and businesses to cooperate to head off those negative effects. NPR's John Ydstie has more.

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Planet Money
5:12 am
Thu June 12, 2014

Volatility Index Indicates Wall Street Is Bored

Originally published on Thu June 12, 2014 9:40 am

An economic indicator commonly called the VIX, volatility index, is also known as the fear index. Whatever you call it, the index is hitting lows not seen since before the financial crisis.

All Tech Considered
3:15 am
Thu June 12, 2014

Uber's Rapid Growth Pits Innovation Against Existing Laws

Taxi drivers gather in Berlin before joining an anti-Uber protest through the city. It coincided with similar protests in cities across Europe.
Sean Gallup Getty Images

Originally published on Fri June 13, 2014 11:53 am

To see the speed of technological innovation, look no further than a street corner. Hailing a cab from the street is less common in cities with Uber, a service that lets you request a ride with the simple tap of a mobile phone app.

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The Salt
3:09 am
Thu June 12, 2014

Fight Over Calif. Oyster Company Splits Chefs And Land Defenders

The Drakes Bay Oyster Farm caters to local residents and restaurants. But unless its lease is renewed, its days are numbered.
Richard Gonzales NPR

Originally published on Thu June 12, 2014 4:38 pm

Drive just an hour and a half north of San Francisco, and you're in Drakes Estero, named for the first English explorer to lay claim to California.

This near-pristine, wind-whipped marine wilderness is a federally protected home for large beds of eelgrass, the base of the marine food chain. The estuary hosts the largest colony of harbor seals on the West Coast, and tens of thousands of resident and migratory birds.

It's also home to the Drakes Bay Oyster Co.

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Economy
5:10 pm
Wed June 11, 2014

A Campaign To House The Homeless Reaches A Milestone

Mallyveen Teah relaxes in his Arlington, Va., apartment after work.
Pam Fessler NPR

Originally published on Wed June 11, 2014 6:24 pm

Mallyveen Teah, 53, has been homeless or couch surfing on and off for the past 25 years. Now, he walks from his job at a construction site in Arlington, Va., to his new home, a one-bedroom apartment.

"Something as simple as giving a person a set of keys to their own place makes a huge difference in terms of their outlook on life, the world," he says.

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Europe
2:27 pm
Wed June 11, 2014

Across Europe, Anti-Uber Protests Clog City Streets

A taxi precedes demonstrators during a protest against Uber in Barcelona on Wednesday. A conventional taxi license in Spain can cost 137,000 euros ($185,400), making competition from services like Uber a major financial issue.
Josep Lago AFP/Getty Images

Originally published on Wed June 11, 2014 6:24 pm

In capital cities across Europe, taxi drivers took to the streets without passengers Wednesday afternoon. They slowed to a snail's pace in what Parisians called "Operation Escargot." Horns blared around Trafalgar Square in London. In Berlin, taxis massed at the Central Station. All to protest the smartphone app Uber.

"We've opened Frankfurt last week, we've opened Lille in France, which is our third city this week. We opened Barcelona a couple weeks ago, and there's many more cities to go," Uber's Pierre-Dimitri Gore-Coty says.

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The Two-Way
1:10 pm
Wed June 11, 2014

Bill To Allow Refinancing Of Student Loans Dies In Senate

"Who does Washington work for?" asked Sen. Elizabeth Warren, D-Mass., after her bill that would let people refinance student debt was shot down Wednesday.
J. Scott Applewhite AP

Originally published on Wed June 11, 2014 2:42 pm

A bill that would have let millions of people refinance their student loans at a lower interest rate has failed in the Senate, after Republicans objected that it included a tax on the wealthy to pay for it. The measure would have allowed people with older loans to benefit from today's low interest rates.

The bill from Sen. Elizabeth Warren, D-Mass., didn't get past a procedural vote, falling by a 56-38 vote. Called the Bank on Students Emergency Loan Refinancing Act, it was shot down days after President Obama urged Congress to help ease the burden of student debt.

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Economy
12:24 pm
Wed June 11, 2014

Could Detroit's Automakers Save Its Art Treasures?

Originally published on Wed June 11, 2014 4:23 pm

Transcript

MICHEL MARTIN, HOST:

Let's turn now to Detroit where the city's effort to come back from bankruptcy just got a boost. The Big Three automakers - Ford, General Motors and Chrysler - have put down some serious financial muscle to help save the Detroit Institute of Arts, the DIA - $26 million to be exact. That could help save the city from having to sell the art to satisfy creditors. It's not just art admirers who are keeping their eye on this deal. People, from retirees worrying about their pensions to the creditors Detroit owes, could be affected by this.

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Business
5:25 am
Wed June 11, 2014

Community Sourced Capital Connects Businesses With Local Funds

Originally published on Wed June 11, 2014 7:46 am

Transcript

RENEE MONTAGNE, HOST:

And small businesses are finding ways to raise money, outside the banking system, alternatives include Kickstarter. From member station WVTF in Virginia, Beverly Amsler reports on another lending site that serves small business, one that capitalizes on community spirit.

PENNIE AHUERO: We've got chocolate peanut butter and samoa.

UNIDENTIFIED MAN: Oh, boy.

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NPR Ed
3:37 am
Wed June 11, 2014

College For Free: Tulsa's Radical Idea

Who can say no to a free college education?
iStockPhoto

Originally published on Wed June 11, 2014 9:49 am

The average cost of one college year across all degree-granting intuitions in the U.S. was more than $19,000 in 2012, and we don't need to tell you what direction the price is heading. Which means lots of students are now borrowing heavily to make college work. President Obama threw some of them a lifeline earlier this week, with revisions to the government's Pay As You Earn program.

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Economy
4:33 pm
Tue June 10, 2014

A Radical Way To Make Banking Safer: Get Rid Of Banks Entirely

Originally published on Tue June 10, 2014 8:31 pm

Transcript

MELISSA BLOCK, HOST:

Here's a big idea, one that sounds crazy and fringy, but it's getting support from some very mainstream people. The idea is this - make our financial system safer by getting rid of banks. Here's Jacob Goldstein of NPR's Planet Money.

JACOB GOLSTEIN, BYLINE: There is this weird thing about banks - it's not a secret, it's been going on for hundreds of years - but it is strange. The money in your bank account is not actually in the bank. The bank takes your money and lends it out to someone else.

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Money Coach
12:53 pm
Tue June 10, 2014

Getting More Out Of A Summer Job Than Money

Summer jobs aren't just about the extra money. Finance expert and educator Alvin Hall shares tips for teens on how to get a good job and get the most out of it.

Business
5:25 am
Tue June 10, 2014

Oil Field Work Pays Well But The Conditions Aren't For Everyone

Originally published on Tue June 10, 2014 8:23 am

Some of the best paying jobs in the American West are in the oil and gas industry. But only 18 percent are held by women, and many of those are office jobs which pay considerably less.

Around the Nation
5:11 am
Tue June 10, 2014

Detroit's Big 3 Pledge Millions To Help City Workers' Pensions

Originally published on Tue June 10, 2014 8:23 am

Transcript

RENEE MONTAGNE, HOST:

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

DAVID GREENE, HOST:

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Around the Nation
3:47 am
Tue June 10, 2014

How Coal Industry Jobs Coexist With Rising Sea Levels In Virginia

Rough surf pounds a fishing pier as Tropical Storm Hanna passes through Virginia Beach, Va., in 2008. Virginia is dependent on coal mining but it also faces routine flooding from rising sea levels.
Steve Helber AP

Originally published on Tue June 10, 2014 9:49 am

Skip Stiles stands on the edge of a small inlet known as the Hague, near downtown Norfolk, Va. The Chrysler Museum of Art is nearby, as are dozens of stately homes, all threatened by the water.

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Politics
3:46 am
Tue June 10, 2014

In Booming San Jose, Businesses Settle Into A Minimum Wage Hike

Chuck Hammers, owner of Pizza My Heart in San Jose, Calif., raised prices on slices by 25 cents and pies by about $1 after the minimum wage increase, and says he hasn't experienced a drop in business.
Kirk Siegler NPR

Originally published on Mon June 30, 2014 9:33 am

It's been a little more than a year since San Jose, Calif., increased the city's minimum wage by $2 per hour, with adjustments for inflation. Now at $10.15 an hour, it's one of the state's highest.

Back in 2012, as voters were debating the wage hike, some in the restaurant and hospitality industry warned that an increase would be bad for the sector. It would deter new businesses from opening, they said, and would cause existing businesses to slash hours for employees.

So how are San Jose's businesses faring today? The answer is, it depends.

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The Two-Way
1:25 pm
Mon June 9, 2014

Obama Signs Order Easing Student Loan Payments

President Obama is introduced by Andy MacCracken, before signing a Presidential Memorandum on reducing the burden of student loan debt on Monday in East Room of the White House.
Pablo Martinez Monsivais AP

Originally published on Mon June 9, 2014 4:27 pm

(This post was updated at 3:24 p.m. ET.)

President Obama signed an order on Monday that expands the number of Americans whose student loan payments will be capped at 10 percent of their monthly incomes.

CNN reports the new order would allow an additional 5 million borrowers to take advantage of the cap beginning in December 2015.

Bloomberg adds:

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Parallels
9:20 am
Mon June 9, 2014

How A Lack Of Toilets Puts India's Women At Risk Of Assault

Women shout slogans during a protest against the gang rape and hanging of two teenage girls. Beyond highlighting the rampant sexual violence in India, the crimes are drawing attention to a glaring and fundamental problem across the country that threatens women's safety: the lack of toilets.
Altaf Qadri AP

Originally published on Mon July 14, 2014 11:27 am

A young girl sweeps fallen debris from a tempest that blew through her village of Katra Sahadatganj one recent evening. This remote spot in Uttar Pradesh — India's largest state — has become the center of another gathering storm.

It was here two weeks ago where two young girls were audaciously attacked: raped and hanged from a tree. Inter-caste violence and patriarchal attitudes combined to make a chilling spectacle in this impoverished place of mud-caked children and hand-pumped water.

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Business
5:24 am
Mon June 9, 2014

HealthCare.gov's Next Version Is In The Hands Of Young Techies

Originally published on Mon June 9, 2014 8:14 am

Transcript

DAVID GREENE, HOST:

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Economy
5:46 am
Sat June 7, 2014

Job Outlook Brightens For Graduates, Though Problems Linger

Kaitlin Foran, a senior at the College of Charleston in South Carolina, meets with a prospective employer at a job fair at National Harbor in Maryland.
T.J. Kirkpatrick Getty Images

Originally published on Tue June 10, 2014 3:07 pm

Congratulations Class of 2014! You are entering a labor market that offers a record number of paychecks.

On Friday, the Labor Department said the U.S. economy now has 138.5 million jobs, slightly more than the previous high set in early 2008 — just as the Great Recession was tightening its grip.

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Economy
5:43 am
Sat June 7, 2014

To Sell A House In California, It Might Need Good Feng Shui

About 40 miles east of Los Angeles, houses in the new College Park subdivision are designed to have good feng shui.
Miles Bryan NPR

Originally published on Sat June 7, 2014 12:41 pm

If you leave Los Angeles, Calif., on Interstate 10 and head east for about 40 miles, you'll run into a quintessentially suburban phenomenon: the opening of a subdivision.

At one such development called College Park in Chino, Calif., the lawns are bright green, the D.J. is spinning classic rock and a lot of the conversations are in Mandarin. Among those looking for a house is Eddie Yung. He lives in China now, but he's moving to California.

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Economy
4:13 pm
Fri June 6, 2014

In May Jobs Report, A Milestone: A Return To Pre-Recession Levels

Originally published on Fri June 6, 2014 7:29 pm

The May jobs report showed steady job creation. Payrolls expanded by 217,000, and unemployment held steady at 6.3%. And there was a milestone: The U.S. economy now has slightly more jobs than it did in December 2007, when the last recession began.

The Two-Way
1:50 pm
Fri June 6, 2014

Uber Car Service Company Is Now Valued At $17 Billion

Its service is still growing, and it faces legal challenges from taxi companies. But Uber, the company whose app pairs drivers with passengers, was a hit it big in a financing round, bringing in investments of $1.2 billion and sending its valuation skyward.

Four years after it began operations, San Francisco-based Uber is now valued at $17 billion, based on figures the company's CEO, Travis Kalanick, released today.

Uber is creating 20,000 jobs a month, Kalanick said, and it's operating in 128 cities in 37 countries.

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