Business http://krwg.org en Congress' Latest Death Match Involves A Bank You've Never Heard Of http://krwg.org/post/congress-latest-death-match-involves-bank-youve-never-heard It sits in an imposing building just across Lafayette Square from the White House. Yet the Export-Import Bank, which has been offering credit to foreign purchasers of U.S. Sun, 13 Jul 2014 09:19:00 +0000 Alan Greenblatt 70404 at http://krwg.org Congress' Latest Death Match Involves A Bank You've Never Heard Of Tracy Morgan Sues Wal-Mart Over Truck-Limousine Crash http://krwg.org/post/tracy-morgan-sues-wal-mart-over-truck-limousine-crash Comedian Tracy Morgan, who was seriously hurt last month when <a href="http://www.npr.org/blogs/thetwo-way/2014/06/07/319717577/actor-tracy-morgan-injured-in-a-car-accident-in-new-jersey">his limousine was hit by a Wal-Mart truck</a> going 20 mph over the speed limit, is suing the retail giant for negligence.<p>The complaint, filed Thursday in U.S. Sat, 12 Jul 2014 17:43:00 +0000 Scott Neuman 70391 at http://krwg.org Tracy Morgan Sues Wal-Mart Over Truck-Limousine Crash Financial Scandals Tarnish Spanish Soccer Glory http://krwg.org/post/financial-scandals-tarnish-spanish-soccer-glory Many of the biggest stars in global soccer — Neymar, Messi, Ronaldo — play the regular season with club teams in Spain. Their marquee names have helped their Spanish teams get filthy rich. Real Madrid and FC Barcelona top <em>Forbes</em> magazine's list of<a href="http://www.realmadrid.com/en/news/2014/05/forbes-names-real-madrid-as-the-most-valuable-sports-club-in-the-world-for-the-second-year-running"> the world's richest sports franchises</a>. You have to scroll down to No. 4 to find the New York Yankees, and NFL teams below that.<p>This, in a country with roughly one-sixth of the U.S. Sat, 12 Jul 2014 12:08:00 +0000 editor 70371 at http://krwg.org Financial Scandals Tarnish Spanish Soccer Glory How Private Colleges Are Like Cheap Sushi http://krwg.org/post/how-private-colleges-are-cheap-sushi In New York City's East Village, there are a number of hole-in-the-wall spots that advertise sushi at 50 percent off. But I can never bring myself to sample the goods. We're talking about <a href="http://www.npr.org/blogs/thesalt/2014/05/23/312539745/sushis-secret-why-we-get-hooked-on-raw-fish">a delicacy</a> flown in from around the world. Marking it down drastically just doesn't sit right. Sat, 12 Jul 2014 09:37:00 +0000 editor 70357 at http://krwg.org Tech Week: Google's World Cup Play, Amazon Sued And Kids Tracked http://krwg.org/post/tech-week-googles-world-cup-play-amazon-sued-and-kids-tracked Summertime in the tech world has made us eager for some lighter news, which you can find below. But the weightier legal battles in technology continue, as highlighted in our Big Conversation section. And links we think you should see are filed under Curiosities. Sat, 12 Jul 2014 09:36:00 +0000 Elise Hu 70358 at http://krwg.org Tech Week: Google's World Cup Play, Amazon Sued And Kids Tracked Spread Of Palm Oil Production Into Africa Threatens Great Apes http://krwg.org/post/spread-palm-oil-production-africa-threatens-great-apes In recent years, consumers have grown increasingly aware that the explosion of palm oil plantations to supply food companies making everything from Pop-Tarts to <a href="http://www.npr.org/blogs/thesalt/2013/08/16/212671438/ramen-to-the-rescue-how-instant-noodles-fight-global-hunger">ramen noodles</a> has taken a heavy toll on the environment.<p>In Malaysia and Indonesia, where most of the world's palm oil is produced, environmental groups have been putting <a href="http://www.npr.org/templates/story/story.php?storyId=90714122">pressure</a> on suppliers that convert rain forests into plantatio Fri, 11 Jul 2014 21:03:00 +0000 editor 70341 at http://krwg.org Spread Of Palm Oil Production Into Africa Threatens Great Apes Newspaper Editor, Activist John Seigenthaler Dies At 86 http://krwg.org/post/newspaper-editor-activist-john-seigenthaler-dies-86 John Seigenthaler, the legendary journalist who edited <em>The Tennessean,</em> was instrumental in shaping the editorial page of <em>USA Today</em> and worked as an assistant to Robert Kennedy, has died at 86.<p>A statement from his son, broadcast journalist John Seigenthaler Jr., said his father died "peacefully at home," where he was recovering after a recent medical treatment.<p>NPR's David Folkenflik says Seigenthaler was known as a crusader against corruption and for civil rights.<p><a href="http://www.usatoday.com/story/news/nation/2014/07/11/john-seigenthaler-tennessean-editor-dies/125 Fri, 11 Jul 2014 20:58:00 +0000 Scott Neuman 70342 at http://krwg.org Newspaper Editor, Activist John Seigenthaler Dies At 86 Declining Domestic Sales Speed Talks For Tobacco Mega-Merger http://krwg.org/post/declining-domestic-sales-speed-talks-tobacco-mega-merger Transcript <p>MELISSA BLOCK, HOST: <p>From NPR News, this is ALL THINGS CONSIDERED. I'm Melissa Block. The U.S. tobacco industry could be in for a shakeup. Reynolds American, the maker of cigarette brands such as Camel and Pall Mall, confirmed today that it's in talks to buy its smaller rival, Lorillard. As NPR's Yuki Noguchi reports, the potential merger comes as the industry feels the pinch of declining sales.<p>YUKI NOGUCHI, BYLINE: The U.S. Fri, 11 Jul 2014 20:11:00 +0000 Richard Harris 70321 at http://krwg.org With Brazil Out Of The World Cup, Was The Price Tag Worth It? http://krwg.org/post/brazil-out-world-cup-was-price-tag-worth-it Transcript <p>MICHEL MARTIN, HOST: <p>This is TELL ME MORE from NPR News. I'm Michel Martin. Soccer fans this is it, your weekend. Brazil and the Netherlands face off for third place at the World Cup on Saturday and Germany will play Argentina in the final on Sunday. Millions of fans around the world are expected to tune in for the final matches. We wanted to help you get ready but we also wanted to touch on some of the important stories that have been going on off the field or rather the pitch as they say in soccer as well. Joining us once again from Rio de Janeiro is Ricardo Zuniga. Fri, 11 Jul 2014 16:18:00 +0000 editor 70302 at http://krwg.org Economists Say Inflation Is Tame; Consumers Aren't Buying It http://krwg.org/post/economists-say-inflation-tame-consumers-arent-buying-it Economists regularly issue reports calling inflation tame or mild, or some other word that suggests consumers shouldn't be feeling much pain.<p>One example: "Inflation has been tame and this is providing households with some relief" from economic stress, according to an assessment done this week by PNC Financial Services.<p>But if you happen to be buying gasoline or groceries, you may not be feeling relieved — at all.<p>"It's kind of hard to even buy milk and bread," said Kimberly Acevedo, a bank teller who was shopping at a Best Market in Harlem. Fri, 11 Jul 2014 11:02:00 +0000 Marilyn Geewax 70278 at http://krwg.org Economists Say Inflation Is Tame; Consumers Aren't Buying It World Cup Broadcasting Rights Pay Off For ESPN, Univision http://krwg.org/post/world-cup-broadcasting-rights-pay-espn-univision Transcript <p>RENEE MONTAGNE, HOST: <p>And this Sunday, Germany and Argentina play the final game of the World Cup. If the last few weeks are any guide, a record number of Americans will be tuning in both on television and online. To hear more about the business of broadcasting soccer, we reached John Ourand, the media reporter at the Sports Business Journal. Good morning.<p>JOHN OURAND: Good morning Renee.<p>MONTAGNE: Now, ESPN and Univision have the exclusive rights in the U.S. to broadcast the World Cup. Univision has the Spanish-language rights - ESPN, the English language rights. Fri, 11 Jul 2014 09:25:00 +0000 editor 70270 at http://krwg.org FTC Sues Amazon Over In-App Purchases Made By Kids http://krwg.org/post/ftc-sues-amazon-over-app-purchases-made-kids Amazon is facing charges by the Federal Trade Commission that it willingly allowed children to make millions of dollars in purchases inside apps without parental consent. Fri, 11 Jul 2014 09:24:00 +0000 Laura Sydell 70271 at http://krwg.org Economy Hurts Young Adults Looking For Their First Job http://krwg.org/post/economy-hurts-young-adults-looking-their-first-job Youth unemployment is double the national rate. Renee Montagne talks to Roberto Angulo of AfterCollege Inc. and Courtney Hawkins of the Federation Employment & Guidance Service Bronx Youth Center. Fri, 11 Jul 2014 09:06:00 +0000 editor 70272 at http://krwg.org Hottest Burger In Britain Burns 2 Journalists http://krwg.org/post/last-word-business-454 Two journalists from a newspaper in Brighton, England, went to the hospital after sampling the Hot Chili Burger. The heat is in the sauce, which is rated about 3,000 times hotter than Tabasco sauce. Fri, 11 Jul 2014 09:00:00 +0000 editor 70269 at http://krwg.org When Ikea Raises Its Minimum Wage, Where Does The Money Come From? http://krwg.org/post/when-ikea-raises-its-minimum-wage-where-does-money-come Ikea, a company famous for keeping its costs down, recently announced that it would raise the average minimum wage for its retail workers to $10.76 an hour. Why would the company volunteer to pay its workers more?<p>"By taking better care of our coworkers," says Rob Olson, the acting president of Ikea U.S., "they will take better care of our customers, who will take better care of Ikea. We see it as a win-win-win opportunity."<p>Win. Win. Win. Sounds like a free lunch. Fri, 11 Jul 2014 07:31:00 +0000 David Kestenbaum 70268 at http://krwg.org When Ikea Raises Its Minimum Wage, Where Does The Money Come From? Picketing Truckers Raise Tensions At LA Port Amid Dockworker Talks http://krwg.org/post/picketing-truckers-raise-tensions-la-port-amid-dockworker-talks Labor tensions are high at the largest port complex in the country — Los Angeles and Long Beach — which handles nearly half of all the cargo coming into the United States.<p>Short-haul truck drivers are striking. They're the independent, contract truckers who bring the containers off the ships to nearby warehouses for companies like Wal-Mart and Costco. At the twin ports, their numbers hover around 10,000.<p>Just over 100 of them have been protesting this week, including driver Santos Lopez. Thu, 10 Jul 2014 20:59:00 +0000 Kirk Siegler 70253 at http://krwg.org Picketing Truckers Raise Tensions At LA Port Amid Dockworker Talks A New Device Lets You Track Your Preschooler ... And Listen In http://krwg.org/post/new-device-lets-you-track-your-preschooler-and-listen I was always thankful that my parents didn't "leash me" at the mall or grocery store when I was a child — but you'll never guess what parents can strap on their kids nowadays.<p>LG Electronics <a href="http://www.lgnewsroom.com/newsroom/contents/64572">introduced a device</a> Wednesday called the KizON. Thu, 10 Jul 2014 20:08:00 +0000 editor 70236 at http://krwg.org A New Device Lets You Track Your Preschooler ... And Listen In Eileen Ford, Creator Of The Supermodel, Dies At 92 http://krwg.org/post/eileen-ford-creator-supermodel-dies-92 Eileen Ford, who is credited with inventing the modern modeling business and in the process launching the careers of supermodels such as Lauren Hutton, Christie Brinkley and Naomi Campbell, has died at 92.<p>A spokeswoman who handles public relations for Ford Models confirmed Wednesday's death, which follows a fall Ford took last week at her New York apartment.<p><a href="http://www.bloomberg.com/news/2014-07-10/eileen-ford-agent-who-promoted-world-s-supermodels-dies-at-92.html">Bloomberg says</a>: "For more than six decades, Ford represented the world's most prominent models and raised the pr Thu, 10 Jul 2014 19:15:00 +0000 Scott Neuman 70225 at http://krwg.org Eileen Ford, Creator Of The Supermodel, Dies At 92 Samsung Faces Allegation That A Chinese Supplier Used Child Labor http://krwg.org/post/samsung-faces-allegation-chinese-supplier-used-child-labor One of electronics giant Samsung's suppliers in China used child labor to meet the South Korean company's production targets, a labor watchdog <a href="http://chinalaborwatch.org/pdf/2014.07.10_Shinyang_Electronics_report__FINAL.pdf">said in a report</a> Thursday.<p>New York-based China Labor Watch says the Shinyang Electronics factory in Dongguan, China, hired child labor and underage student workers, altering "the strictness of hiring practices in order to adapt to Samsung's demands."<p>"These minors will usually only work for a period of three to six months, toiling for 11 hours every day w Thu, 10 Jul 2014 17:23:00 +0000 editor 70217 at http://krwg.org Samsung Faces Allegation That A Chinese Supplier Used Child Labor Detroit Shuts Off Water As It Tries To Collect Millions Owed http://krwg.org/post/detroit-shuts-water-it-tries-collect-millions-owed Transcript <p>STEVE INSKEEP, HOST: <p>Let's follow up now on the water war in Detroit. So far this year, the water utility has shut off the spigots to 17,000 customers. It wants people to do pay their overdue bills. Many residents are upset with how the city is doing this and ask if some are getting special treatment. Here's Sarah Cwiek of Michigan Radio.<p>SARAH CWIEK, BYLINE: People are going thirsty in Detroit, a city with more direct access to fresh clean water than virtually any place in the world. That irony shows up in numerous ways. Thu, 10 Jul 2014 10:57:00 +0000 editor 70172 at http://krwg.org Contraceptive Ruling Becomes Campaign Trail Flashpoint http://krwg.org/post/contraceptive-ruling-becomes-campaign-trail-flashpoint Transcript <p>RENEE MONTAGNE, HOST: <p>Democrats in the Senate have unveiled legislation to override the recent Supreme Court decision on contraceptives.<p>STEVE INSKEEP, HOST: <p>In that decision, the court sided with the owners of Hobby Lobby, a chain of craft stores, ruling that many businesses do not have to pay for health insurance to cover contraceptives if they object on religious grounds.<p>SCOTT HORSLEY, BYLINE: The new legislation is unlikely to pass, but the Hobby Lobby decision has become a flashpoint ahead of the midterm elections. Thu, 10 Jul 2014 10:52:00 +0000 Mara Liasson 70173 at http://krwg.org China's Booming Real Estate Market Finally Begins To Slide http://krwg.org/post/chinas-booming-real-estate-market-finally-begins-slide After years of stunning growth, China's go-go real estate market is now in retreat.<p>Prices fell last month in 79 out of 100 cities, according to the China Real Estate Index run by SouFun Holdings, a real estate website. Thu, 10 Jul 2014 09:35:00 +0000 Frank Langfitt 70165 at http://krwg.org China's Booming Real Estate Market Finally Begins To Slide Fed May End Bond-Buying Program In October http://krwg.org/post/business-news-346 Transcript <p>STEVE INSKEEP, HOST: <p>NPR's business news starts with a quantitative ending. Federal Reserve officials signaled, yesterday, they will wind down their bond buying programs known as quantitative easing in October. That's according to minutes released from their June policy meeting. Now some economists say the bond purchases have become less effective over time. Many do credit quantitative easing for reviving the housing market after the 2008 crash, keeping mortgage rates low and spurring people to refinance. Thu, 10 Jul 2014 09:01:00 +0000 editor 70169 at http://krwg.org Rejoice! Chocodiles Are Back http://krwg.org/post/last-word-business-453 Transcript <p>RENEE MONTAGNE, HOST: <p>And our last word in business today is Chocodile.<p>STEVE INSKEEP, HOST: <p>The Chocodile is part of an American comeback story. Hostess, the snack food company that makes the legendary yellow spongy Twinkie, was saved from bankruptcy last year.<p>MONTAGNE: In June, the company got a new CEO, and this week, it announced the return of the Chocodile.<p>INSKEEP: For years the chocolate covered Twinkies were only available in a few markets, prompting a black market of Chocodiles at crazy markups. Thu, 10 Jul 2014 09:01:00 +0000 editor 70166 at http://krwg.org Flood Plan Leaves Clarksville, Mo., Residents On Their Own http://krwg.org/post/flood-plan-leaves-clarksville-mo-residents-their-own Transcript <p>STEVE INSKEEP, HOST: <p>Heavy rains have led to flooding all across the Midwest in recent days in Iowa, in Illinois and in the small town of Clarksville, Missouri, which sits on the Mississippi River. The river is expected to crest there today, and residents hope the walls they've built will hold. Here's Amanda Vinicky of member station WUIS.<p>AMANDA VINICKY, BYLINE: Ask a Clarksville resident how long they've lived there, and the answer is usually given in the context of a flood. Thu, 10 Jul 2014 09:01:00 +0000 editor 70167 at http://krwg.org Owed Billions By Venezuela, Airlines Cut Back On Flights There http://krwg.org/post/owed-billions-venezuela-airlines-cut-back-flights Transcript <p>RENEE MONTAGNE, HOST: <p>Booking a flight to Venezuela has become nearly impossible. Many airlines have recently cut back on service to a country rich in oil but troubled economically. Tim Padgett of member station WLRN in Miami explains.<p>TIM PADGETT, BYLINE: Until this month, American Airlines offered 48 flights a week from the U.S. to Venezuela. It's now slashed that to 10 per week. All those flights will depart from just one city, Miami, - home to the U.S.'s largest Venezuelan community. A dozen other carriers, including Delta and Lufthansa also cut flights. Thu, 10 Jul 2014 09:01:00 +0000 editor 70168 at http://krwg.org An Actor, A University And A Famous Name Lead To A Lawsuit http://krwg.org/post/actor-university-and-famous-name-lead-lawsuit What do you think of when you hear the name Duke? That question is at the heart of a legal dispute between Duke University and the estate of John Wayne.<p>Fans of the late film star will recall that he went by the nickname "Duke," which his <a href="http://www.nytimes.com/2014/03/30/books/review/scott-eymans-john-wayne-the-life-and-legend.html" target="_blank">biographers have pointed</a> out he picked up in childhood from a dog. Wed, 09 Jul 2014 22:58:00 +0000 Alan Greenblatt 70153 at http://krwg.org An Actor, A University And A Famous Name Lead To A Lawsuit What Burritos And Sandwiches Can Teach Us About Innovation http://krwg.org/post/what-burritos-and-sandwiches-can-teach-us-about-innovation When you slap some meat inside two slices of bread, you have a sandwich, at least according to the U.S. Department of Agriculture, which enforces the safety and labeling of meat and poultry.<p>"We're talking about a traditional closed-face sandwich," says Mark Wheeler, who works in food safety at the USDA. "A sandwich is a meat or poultry filling between two slices of bread, a bun or a biscuit."<p>That excludes items like burritos, wraps or hot dogs. Wed, 09 Jul 2014 22:38:00 +0000 Elise Hu 70154 at http://krwg.org What Burritos And Sandwiches Can Teach Us About Innovation Is Foster Farms A Food Safety Pioneer Or A Persistent Offender? http://krwg.org/post/foster-farms-food-safety-pioneer-or-persistent-offender Foster Farms, a chicken producer in California, just can't seem to stop bleeding bad news.<p>On July 3, it <a href="https://fosterfarms.com/about/press/press_release.asp?press_release_id=183">recalled</a> several batches of chicken products because a chicken breast from one of those batches is blamed for poisoning someone with salmonella bacteria. The recall came on top of an <a href="http://www.cdc.gov/salmonella/heidelberg-10-13/map.html">outbreak</a> of salmonella that's been going on since October 2013. Wed, 09 Jul 2014 21:35:00 +0000 Daniel Charles 70144 at http://krwg.org Is Foster Farms A Food Safety Pioneer Or A Persistent Offender? The Ballad Of The 13-Year-Old North Korean Capitalist http://krwg.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 70139 at http://krwg.org