Business

Business
2:20 am
Wed October 3, 2012

Homeowners Facing Foreclosure Get New Protections

Originally published on Wed October 3, 2012 8:14 am

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RENEE MONTAGNE, HOST:

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Business
2:20 am
Wed October 3, 2012

Business News

Originally published on Wed October 3, 2012 8:14 am

Transcript

(SOUNDBITE OF MUSIC)

RENEE MONTAGNE, HOST:

NPR's business news starts with good news for automakers.

U.S. auto sales last month were the best they've been in four and a half years. That's according to numbers compiled by the research firm Auto Data. Experts give credit the boost in sales to cheap financing for car loans and growing consumer confidence. Transcript provided by NPR, Copyright NPR.

Business
2:20 am
Wed October 3, 2012

The Last Word In Business

Originally published on Wed October 3, 2012 8:14 am

Transcript

STEVE INSKEEP, HOST:

And today's last word in business is: unidentified.

Apple has been much criticized for new iPhone software. It erases the Google Maps function that a lot of people like and replaces it with Apple's own maps of the world, which have been criticized for leaving out seemingly vital information - like roads, entire towns, things that were on the map when Apple still used Google.

RENEE MONTAGNE, HOST:

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Business
2:20 am
Wed October 3, 2012

Wal-Mart's Female Employees File Suit In Tennessee

Originally published on Wed October 3, 2012 8:14 am

Transcript

STEVE INSKEEP, HOST:

Some other news. Women who work for Wal-Mart - the world's largest retail chain - continue to make claims they get paid less and are not promoted as often as men. Current and former Wal-Mart employees have now filed a court case in Tennessee.

As Blake Farmer of member station WPLN reports.

BLAKE FARMER, BYLINE: Three women are named. Attorney Scott Tift says each has a first-hand account of discrimination.

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Business
2:20 am
Wed October 3, 2012

Iran's Currency Drops Sharply In Value

Originally published on Wed October 3, 2012 3:59 pm

Transcript

STEVE INSKEEP, HOST:

We're following up this morning on the collapse of Iran's rial, it's currency which is leading to major developments today. Over the past week, Iran's currency has lost about 40 percent of its value or more, falling to an all-time low against the U.S. dollar, this as a result of U.S. and other sanctions against Iran. And that has led to protests and violence in the streets of Tehran today.

We're going to catch up now with Thomas Erdbrink. He's Tehran bureau chief for the New York Times. Welcome back to the program.

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All Tech Considered
1:35 am
Wed October 3, 2012

Calif. Greenlights Self-Driving Cars, But Legal Kinks Linger

California Gov. Jerry Brown (front left) rides in a driverless car to a bill signing at Google headquarters in Mountain View, Calif., on Sept. 25.
Eric Risberg AP

Originally published on Wed October 3, 2012 3:56 pm

Google's self-driving robotic cars have been on the roads in California for two years, but they have been operating in a legal limbo. These cars were not explicitly forbidden, but laws governing self-driving vehicles didn't exist.

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The Salt
1:25 am
Wed October 3, 2012

In Washington State, Picker Shortage Threatens Apple Boom

Amilia Magno, 23, of Pasco, Wash., carries a heavy load of buckeye gala apples in Broetje Orchards near Prescott, Wash.
Anna King Northwest News Network

Originally published on Wed October 3, 2012 3:57 pm

In western Michigan, there aren't enough apples to pick because bad weather decimated 85 to 90 percent of the crop. But Washington state has the opposite problem — there's an abundance of apples, but not enough pickers.

This should be the happiest, busiest time of year in Washington apple orchards. But now — just as the peak of apple harvest is coming on — Broetje Orchards manager Roger Bairstow is wincing.

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Your Money
9:40 am
Tue October 2, 2012

Can Saving Money Cost Money?

Originally published on Wed October 3, 2012 7:55 am

Transcript

CELESTE HEADLEE, HOST:

I'm Celeste Headlee and this is TELL ME MORE from NPR News. Coming up, style maven Stacy London tells us about the psychology of fashion and what messages you're sending with your choice of clothing. That's in a few minutes.

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The Salt
8:02 am
Tue October 2, 2012

High Food Prices Forecast More Global Riots Ahead, Researchers Say

A Tunisian protester holds a baguette while taking to riot police in January 2011.
Martin Bureau AFP/Getty Images

Originally published on Thu October 11, 2012 8:34 am

When French peasants stormed the Bastille on July 14, 1789, they weren't just revolting against the monarchy's policies. They were also hungry.

From the French Revolution to the Arab Spring, high food prices have been cited as a factor behind mass protest movements. But can food prices actually help predict when social unrest is likely to break out?

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Business
4:44 am
Tue October 2, 2012

Business News

Originally published on Tue October 2, 2012 11:08 am

Transcript

(SOUNDBITE OF MUSIC)

STEVE INSKEEP, HOST:

NPR's business news starts with Iran's currency plunging.

(SOUNDBITE OF MUSIC)

INSKEEP: Iran's money hit another record low today. Depending on who's trading, a single American dollar in Tehran can now cost around 38,000 Iranian rials.

Western sanctions, intensified this year by the Obama administration, have been wrecking Iran's economy. It's also harder for Iranians to get their hands on dollars, which are vital for international trade.

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Business
4:44 am
Tue October 2, 2012

The Last Word In Business

Originally published on Tue October 2, 2012 11:08 am

Transcript

STEVE INSKEEP, HOST:

And that brings us to today's last word in business, which is Blossom One. Blossom One is not the name of a new car, though it's nearly as expensive as some.

RENEE MONTAGNE, HOST:

It's a coffee-maker, designed by some folks who've worked for the likes of BMW, Tesla Motors and NASA. Coming in at a little over $11,000, the coffee-maker does have the whiff of rocket science about it.

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Business
3:27 am
Tue October 2, 2012

JPMorgan Sued Over Mortgage-Backed Securities

Originally published on Tue October 2, 2012 11:08 am

Transcript

RENEE MONTAGNE, HOST:

This is MORNING EDITION from NPR News. I'm Renee Montagne.

STEVE INSKEEP, HOST:

And I'm Steve Inskeep. Good morning.

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NPR Story
3:24 am
Tue October 2, 2012

2013 Car Models

Originally published on Tue October 2, 2012 11:08 am

Transcript

RENEE MONTAGNE, HOST:

'Tis the season for new car buying. Fall is when automakers roll out their latest models - with new technologies and better fuel efficiency. And to talk about the latest trends, we reached Michelle Krebs in Detroit. She's a senior analyst at the auto information website Edmunds.com.

Good to have you back, Michelle.

MICHELLE KREBS: Glad to be back.

STEVE INSKEEP, HOST:

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NPR Story
3:24 am
Tue October 2, 2012

Retailers Paying More For Fraud-Related Costs

Originally published on Tue October 2, 2012 11:08 am

Transcript

RENEE MONTAGNE, HOST:

And here in the U.S., for retailers, the cost they pay for consumer fraud is going up. Merchants who sell their products using mobile devices or sell internationally are seeing their costs climbing higher still - almost 40 over last year.

NPR's Wendy Kaufman reports.

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Solve This
1:32 am
Tue October 2, 2012

Candidates Say Little On Difficult Issue Of Housing

Despite millions of troubled mortgages around the country, housing hasn't been a major issue in the presidential race so far.
Justin Sullivan Getty Images

Originally published on Tue October 2, 2012 11:08 am

Housing continues to be a big issue for the economy, and for many voters. But so far it hasn't been a major issue in the presidential campaign. Perhaps that's because both sides agree that there's no easy fix for the problem of millions of troubled mortgages.

The Problem:

Cathy Busby and her husband co-owned a realty office in Denver when they bought their house in 2006. The next year, the market for houses dried up, leaving them with little income as their house lost value.

Now, she says, she considers herself "poverty level."

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The Two-Way
5:38 pm
Mon October 1, 2012

New York Sues JPMorgan Over Mortgage-Backed Securities

Originally published on Tue October 2, 2012 6:42 am

  • From 'Morning Edition': NPR's Jim Zarroli reports

New York's attorney general has sued JPMorgan Chase, alleging that a unit now owned by the banking giant fraudulently sold mortgage-backed securities in the run-up to the 2008 financial crisis.

The civil lawsuit filed Monday by state Attorney General Eric Schneiderman is the first to be brought by the RMBS Working Group – the task force formed by President Obama in January to pursue alleged wrongdoing at the time of the financial crisis.

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The Salt
1:51 pm
Mon October 1, 2012

Nearing Its 50th Birthday, Arby's Gets A 'Fresh' Makeover, New Logo

The new Arby's logo is a sleeker and more modern version of the old one, but not everyone's a fan.
courtesy Arby's

Originally published on Mon October 1, 2012 6:20 pm

Quick — when you think of Arby's, do you think of seasoned curly fries or turkey sandwiches?

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All Tech Considered
12:49 pm
Mon October 1, 2012

Cloud Computing Saves Health Care Industry Time And Money

Researchers are increasingly using cloud computing to discover new drugs and medical treatments. Cloud computing is often cheaper and quicker than in-house computing.
iStockphoto.com

Originally published on Tue October 16, 2012 2:36 pm

The cloud's vast computing power is making it easier and less expensive for companies and clinicians to discover new drugs and medical treatments. Analyzing data that used to take years and tens of millions of dollars can now be done for a fraction of that amount.

Most of us know Amazon as the world's largest online retailer. But its cloud computing business is booming too.

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The Two-Way
10:10 am
Mon October 1, 2012

Report: If Congress Ignores 'Fiscal Cliff,' Most Americans Will Pay More Taxes

In this Nov. 19, 2011 fie photo the U.S. Capitol building is seen in Washington.
Pablo Martinez Monsivais AP

Unless Congress passes legislation in a lame-duck session, taxes will be higher by a half-trillion dollars next year, costing the average household nearly $3,500 a year, according to a just-released report by the Urban-Brookings Tax Policy Center.

After studying details of the tax changes now set to take effect for 2013, the researchers were struck by "how big the tax increase is," said Eric Toder, one of those researchers. "It's a huge, huge number."

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The Salt
9:22 am
Mon October 1, 2012

'Old-School' Food Shopping Feels New As U.S. Cities Revive Public Markets

Cleveland Ohio's West Side Market began in 1840 as an open air market on land donated by Josiah Barber and Richard Lord, who were two of the first property owners and mayors of the city's oldest neighborhood. The market was renovated in 2004.
Courtesy of the Project for Public Spaces

Originally published on Tue October 2, 2012 8:40 am

One hundred years ago, before Walmart and Whole Foods and Albertson's and Kroger, grocery shopping was a very different experience.

Many American city dwellers flocked to the indoor public markets — huge, high-ceilinged halls lined with vendors hawking everything from fresh fruit and vegetables to full-service meat and fish counters.

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Business
3:13 am
Mon October 1, 2012

The Last Word In Business

Originally published on Mon October 1, 2012 5:17 am

The Impossible Project saved Polaroid film before it went off the market. It bought the last remaining factory and restarted production. And a gadget called the Instant Lab prints Polaroids from your iPhone.

Business
3:13 am
Mon October 1, 2012

Maker Faire Celebrates Do-It-Yourself-Culture

Originally published on Mon October 1, 2012 3:23 pm

Transcript

STEVE INSKEEP, HOST:

Thousands of people gathered at the New York Hall of Science this weekend for what's called the World Maker Faire. It was the third an annual celebration of 21st century Do-It-Yourself culture, with workshops, speakers and demonstrations.

But, as reporter Stan Alcorn discovered, the main attraction is the makers themselves.

STAN ALCORN, BYLINE: At the center of the World Maker Faire is Katy Perry.

JESSE GREEN: Katy Perry is the unicorn that we made for a friend's wedding.

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Business
3:13 am
Mon October 1, 2012

WTO Projects Slow Economic Growth In 2012

Originally published on Mon October 1, 2012 5:00 am

Transcript

STEVE INSKEEP, HOST:

NPR's business news starts with more signs of a slowdown.

The World Trade Organization projects that global trade in goods will grow by only 2.5 percent this year. Not so great. That's down from last year's 5 percent growth, and much lower than the nearly 14 percent in 2010 as a global recovery began.

Fiscal Cliff Notes
1:31 am
Mon October 1, 2012

For High Earners, Expiring Tax Cuts Would Hit Hard

Originally published on Mon October 1, 2012 3:22 pm

This story is part of our occasional series Fiscal Cliff Notes.

If the Bush-era tax cuts are allowed to expire, the majority of Americans will see their taxes rise. Those who will see the largest increase are the wealthy.

Dr. Hamilton Lempert, an emergency room doctor in Cincinnati, works almost exclusively on overnight shifts.

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Technology
3:31 pm
Sat September 29, 2012

QR Codes For Headstones Keep Dearly Departed Close

Lorie Miller holds the brass QR code for her grandmother's gravestone. Smartphone users who scan it will be directed to an online tribute.
Emma Lee Newsworks

Originally published on Sun September 30, 2012 5:02 am

Lorie Miller bends over her grandparents' grave in north Philadelphia. She holds a two-inch brass square she's going to attach next to the headstone's names and dates.

Printed onto that square is a QR code — that square digital bar code you can scan with a smartphone. Miller peels off the back of her square to expose the adhesive and pushes it into place. The headstone, which otherwise looks the same as many others around it, has just jumped into the modern age.

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Technology
2:50 pm
Fri September 28, 2012

Apple's New Maps Become Major Embarrassment

Originally published on Fri September 28, 2012 5:24 pm

Transcript

ROBERT SIEGEL, HOST:

Apple's new mapping software for the iPhone has become an embarrassment for the company. It misplaced major landmarks and erased entire towns. So, today, Apple's CEO Tim Cook issued a public apology, saying the company was doing everything it could to make maps better.

NPR's Steve Henn reports.

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The Two-Way
2:27 pm
Fri September 28, 2012

Fox News' Smith Apologizes After Man Commits Suicide On Air

Shepard Smith apologized to viewers Friday afternoon, after his show aired live footage of a man who fled police and then shot himself.
Fox News

Originally published on Mon October 1, 2012 9:30 am

After inadvertently airing live coverage of a car chase that ended with a man's suicide, Shepard Smith of Fox News has issued an apology to viewers of his show. The incident occurred as the cable network carried a live feed of a man fleeing police on the interstate west of Phoenix.

In the footage, the man abandoned his vehicle and began running across a field, before pulling out a gun and shooting himself in the head. Despite being filmed from a helicopter hovering above the scene, the footage was graphic enough to prompt immediate yelling in the Fox News studio.

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Business
10:12 am
Fri September 28, 2012

Bank Of America To Pay $2.43 Billion In Settlement

Transcript

STEVE INSKEEP, HOST:

NPR's business news begins with more fallout from the financial crisis.

(SOUNDBITE OF MUSIC)

The Two-Way
8:46 am
Fri September 28, 2012

Apple Is 'Extremely Sorry' For Its Much-Maligned Maps, CEO Tim Cook Says

Will it take you where you want to go? A new iPhone 5 and Apple's new mapping software.
Beck Diefenbach Reuters /Landov

How much of a "public relations disaster" has Apple's new mapping software been?

Big enough that the famously proud company has apologized — and suggested that users can turn to arch rival Google Maps instead.

In a message "to our customers" posted this morning, CEO Tim Cook says:

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The Two-Way
7:33 am
Fri September 28, 2012

Bank Of America To Pay $2.43 Billion To Settle Class Action Lawsuit

Bank of America's corporate center in Charlotte, N.C.
Scott Olson Getty Images

While denying it did anything wrong, Bank of America announced this morning it will pay "$2.43 billion and institute certain corporate governance policies ... to settle a class action lawsuit brought in 2009 on behalf of investors who purchased or held Bank of America securities at the time the company announced plans to acquire Merrill Lynch."

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