Business

Business news

In India, Facebook has a program to give people free Internet access — just to use Facebook and handful of other services. Earlier this week, regulators in that country ruled that the program is discriminatory to other websites and is illegal. A Facebook board member took to Twitter to criticize the ruling. And in so doing, he sparked a global controversy.

It got ugly.

If you follow the vast world of fermented grapes, you may have noticed an influx of so-called natural wines. I fell under their spell a few years ago. Apparently, I'm not alone. There's something of a natural wine cult blooming in shops, bars and restaurants around the U.S.

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

As Bernie Sanders sees it, Wall Street got a big boost when U.S. taxpayers bailed out some of the largest financial institutions in 2008. Now it's time for Wall Street to return the favor.

Sanders has proposed something he calls a speculation tax, a small levy on every stock, bond or derivative sold in the United States.

The revenue would go toward free tuition at public colleges and universities and would also be used to pare down student debt and pay for work-study programs, as well as other programs, Sanders says.

A string of attacks on cities, schools and workplaces has prompted many employers to turn to a new area of security for their employees: active-shooter training.

Until about a decade ago, workplace security focused mostly on preventing theft. Now, businesses are trying to give their employees guidelines on how to escape or handle armed intruders.

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

Transcript

ARI SHAPIRO, HOST:

North Dakota's economic fortunes have taken an abrupt turn for the worst. This is after 15 years of receiving almost entirely good news.

(SOUNDBITE OF ARCHIVED RECORDING)

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

Transcript

ARI SHAPIRO, HOST:

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

Deep in the heart of the arcane laws that give farmers a helping hand, there's something called "crop insurance." It's a huge program, costing taxpayers anywhere from $5 billion to $10 billion each year.

It's called an insurance program, and it looks like insurance. Farmers buy policies from private companies and pay premiums (which are cheap because of government subsidies) to insure themselves against crop failures and falling prices. It's mainly used by corn, soybean, cotton and wheat farmers. Defenders of the program call it a safety net.

Morgan Stanley has reached a $3.2 billion settlement with state and federal authorities, the New York attorney general's office announced Thursday.

In the deal, the investment bank acknowledges that it misrepresented the risks of mortgage-backed securities leading up to the 2008 housing and financial crisis.

Who is among the least likely to use online dating sites?

A few years ago, you would have been correct to guess college students or those in their early 20s, a group surrounded by peers and in the prime of their bar-hopping years. But a newly released Pew Research Center study finds the use of online dating sites by 18- to 24-year-olds has nearly tripled just since 2013, making this group now the most likely to use the Web to find partners.

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

Transcript

DAVID GREENE, HOST:

Global markets, for the moment, seem to be tanking, and we have David Wessel on the line. He's director at the Hutchins Center at the Brookings Institution and a contributing correspondent to the Wall Street Journal. Hey, David.

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

Transcript

MARY LOUISE KELLY, HOST:

A growing number of Americans are driving less and getting rid of their cars.

The trend is gaining traction in middle-aged adults, to the point where fewer of them are even bothering to get or renew their driver's licenses, but it's been prominent among younger adults — millennials — for years now.

"Honestly, at this point, it just doesn't really seem worth it," says 25-year-old Peter Rebecca, who doesn't own a car or have a driver's license. "I mean, I live in Chicago, there's really good access to, you know, public transits for pretty cheap."

Some airlines are just airlines.

But others mean a lot more than that to the people they serve.

Pakistan's national carrier was long a source of patriotic pride, a symbol of unity in a divided country. Now that airline is in big trouble.

In a far-reaching ruling, India has prohibited telecom service providers from charging different prices to consumers to access content on the Internet — a blow to Facebook and its aggressive bid to offer a free but stripped-down version of the Internet aimed at India's poor.

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

Transcript

ARI SHAPIRO, HOST:

A reality check today from Federal Reserve Chair Janet Yellen. She acknowledged that the U.S. economy is facing a higher level of risk than just a few months ago. NPR's John Ydstie reports.

It took Sen. Ted Cruz to finally persuade me to answer a riddle that's bothered me for years. Suppose somebody yanked away the law that currently props up the nation's ethanol industry, as Cruz has proposed. What would actually happen?

The next Tesla car is expected to be revealed and made available for pre-order next month. And while the auto world is still waiting to see specs and drawings, one thing is already known: the price.

As promised, Elon Musk tells Bloomberg, the Model 3 will cost $35,000 — before any incentives.

In a closely watched visit to Capitol Hill, Federal Reserve Chair Janet Yellen listed risk factors in the global economic scene, such as concerns over China's currency and market volatility. It's the first time Yellen has testified since the Fed nudged interest rates higher in December.

As the international community grapples with how best to stymie North Korea's nuclear development, South Korea is making one move on its own. It's shutting down the last remaining vestige of inter-Korean cooperation, the Kaesong Industrial Complex.

The special zone, located north of the border just six miles inside of North Korea, employs an estimated 55,000 North Koreans. South Korea's government and industries pay to operate the park. A total of 124 South Korean companies run businesses and factories there, mostly making goods like shoes and clothing.

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

Transcript

DAVID GREENE, HOST:

The heart of the Obama administration's Clean Power Plan is now on hold, after the Supreme Court granted a stay request that blocks the EPA from moving ahead with rules that would lower carbon emissions from the nation's power plants.

The case is scheduled to be argued in June, in the U.S. Court of Appeals for the District of Columbia Circuit. But a decision could be long in coming, particularly if the case winds up in the Supreme Court — meaning that the rules' fate might not be determined before a new presidential administration comes into power in 2017.

Before he arrived in Omaha as a doctoral student in computer science, Jason Jie Xiong says, "I didn't even know there was a state called Nebraska."

Jie Xiong, 29, who hails from a small city outside Shanghai, had landed a full scholarship at the University of Nebraska to teach and do research. He says he only knew "more famous states like California and New York."

He admits he found the program initially "by randomly checking information," but he's quick to add that he's happy there.

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

Transcript

RENEE MONTAGNE, HOST:

Why Work From Home Scams Persist

Feb 10, 2016
Copyright 2016 NPR. To see more, visit http://www.npr.org/.

Transcript

DAVID GREENE, HOST:

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

Transcript

RENEE MONTAGNE, HOST:

Japan is venturing further into the terra incognito of negative interest rates, selling a 10-year government bond that actually costs its purchasers money over time.

In doing so, it joins a handful of European countries that have also lowered rates below zero.

The yield on the 10-year note sold by the Bank of Japan dipped to an unprecedented level of negative .05 percent, meaning that anyone who buys it will lose money.

The international trade in exotic animal parts includes rhino horn, seahorses, and bear gall bladders. But perhaps none is as strange as the swim bladder from a giant Mexican fish called the totoaba.

The totoaba can grow to the size of a football player. It lives only in the Gulf of California in Mexico, along with the world's smallest and rarest mammal — a type of porpoise called the vaquita.

It's a Saturday night. Five couples sit sipping cocktails and beers. From the kitchen, the smell of ginger, fish oil and lime wafts into the dining room. Chef Josh Haynes is there preparing one of his signature recipes: a red curry of pumpkin and pork rib.

It could be a hip restaurant, except this is Haynes' apartment. In his small living room, with space for only two tables, 10 strangers eat his homemade Thai food.

Pages