Business

The Two-Way
4:34 pm
Fri September 21, 2012

Kickstarter Says It 'Is Not A Store' As It Revises Policy On Projects' Risks

A screengrab shows three highly funded Design projects currently on Kickstarter's site. The company's founder say they will require more information about the challenges potential entrepreneurs could face.
NPR

Originally published on Fri September 21, 2012 9:06 pm

Even as it has received praise for bringing innovative ideas to life, Kickstarter has been criticized for allowing creators to be a little fuzzy about their plans — and for providing little recourse to investors who become unsatisfied with the project they've supported. The site has now announced changes that it hopes will ease those troubles.

The biggest change is a new section called "Risks and Challenges," which requires potential entrepreneurs to list the obstacles they face, and how they plan to deal with them.

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The Salt
12:21 pm
Fri September 21, 2012

Juice Maker Helps Tight End Block Thieving Teammates

Niles Paul (right) at a Redskins practice with then-teammate Tim Hightower, before the juice-stealing incidents came to light.
Carolyn Kaster AP

Originally published on Fri September 21, 2012 2:58 pm

Niles Paul had a problem. The second-year tight end for the Washington Redskins couldn't stop his teammates from stealing his Capri Sun. You know, Capri Sun — those sugary-sweet packets of juice that come in triangular foil containers with their own straws attached.

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The Two-Way
7:49 am
Fri September 21, 2012

Another iPhone, Another Day Of Long Lines And Big Hype

In Tokyo today, a customer on line for the iPhone 5 was wearing a Steve Jobs mask.
Yoshikazu Tsuno AFP/Getty Images

Originally published on Fri September 21, 2012 8:51 am

It's a "now familiar global ritual," as The Associated Press says: Apple fans are lining up today at stores "from Sydney to Paris to pick up the tech juggernaut's latest iPhone."

That would be the iPhone 5, which the company unveiled earlier this month.

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Business
4:04 am
Fri September 21, 2012

Want An iPhone 5 But Don't Want To Stand In Line?

Originally published on Fri September 21, 2012 5:08 am

Transcript

RENEE MONTAGNE, HOST:

And our last word in business today is: Why wait?

American consumers will likely go to great lengths - and stand in lines of great lengths - to get the iPhone 5, which goes on sale today.

STEVE INSKEEP, HOST:

People are lining up in front of Apple stores already. But this is a market economy, after all, and time is money, which explains why some people are paying others to stand in line for them.

IAN DEBORHA: I'm getting paid $55 for four hours.

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Business
4:04 am
Fri September 21, 2012

Trulia's IPO Tests Appetite For Tech Start-Ups

Originally published on Fri September 21, 2012 1:47 pm

Transcript

STEVE INSKEEP, HOST:

The real estate website Trulia is successfully riding the housing recovery, and has just gone public. After one day of trading, the San Francisco-based company is valued at well over half-a-billion dollars.

From our member station KQED, Aarti Shahani reports this is seen as a boost for the tech sector after Facebook's shaky plunge into the stock market.

(SOUNDBITE OF CAR DOOR SLAMMING)

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Business
4:04 am
Fri September 21, 2012

Are New Rules Needed For High-Speed Stock Trading?

On Capitol Hill, some members of Congress are asking whether new rules are needed to reign in high-speed stock market trading. Democratic Senator Jack Reed told a conference of traders that there is enough evidence to warrant a closer look.

Planet Money
2:10 am
Fri September 21, 2012

The Downside Of Tax Havens? Paperwork.

Unbelizable and Delawho? company documents, along with our official company stamp.
Lam Thuy Vo NPR

Originally published on Fri September 21, 2012 1:44 pm

We were curious how hard it would be to set up an offshore company, so this summer we bought two. We at Planet Money are now the proud owners of "Unbelizable Inc." in Belize and "Delawho? LLC" in Delaware. The whole process was quick and easy.

At least that's how it seemed at first — until we got an email from David Buckley, a tax lawyer at Rogin Nassau, telling us we had just walked into an IRS sinkhole.

Buckley described it as "a minefield of U.S. tax obligations," and he said he was worried about me. (The companies are in my name.)

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All Tech Considered
1:15 pm
Thu September 20, 2012

Electronic Pull-Tab Gambling Hits The iPad In Minnesota Bars

Booths that sell paper pull-tab games like this one have new competition in Minnesota: electronic pull-tab games played on iPads. The games are meant to help pay for a new football stadium in Minneapolis.
Jim Mone AP

Originally published on Thu September 20, 2012 2:30 pm

Minnesota gamblers no longer have to rip paper pull-tabs to see if they've won cash: As of this week, they can use iPads to play, and play again, at the click of a button. The venture was sparked by the need to help pay for a new Minnesota Vikings football stadium, which will cost an estimated $975 million.

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Author Interviews
12:46 pm
Thu September 20, 2012

A Close Look At Your Bills' 'Fine Print'

Originally published on Thu September 27, 2012 12:20 pm

Americans are paying high prices for poor quality Internet speeds — speeds that are now slower than in other countries, according to author David Cay Johnston. He says the U.S. ranks 29th in speed worldwide.

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Business
10:35 am
Thu September 20, 2012

Is Putting Politics On Display Bad For Business?

A used-car lot displays a sign in support of Republican presidential candidate Mitt Romney in Manchester, N.H., in January.
Justin Sullivan Getty Images

Originally published on Fri September 21, 2012 10:43 am

Every election season, political signs sprout like dandelions from lawns across America. They also pop up at more than a few businesses. For some, expressing political preferences is a calculated move to attract customers. But it can just as easily turn clients away.

Jeff Reiter, who owns the Blue Plate Lunch Counter & Soda Fountain in Portland, Ore., proudly displays a 2008 Obama campaign sign inside his restaurant and says he has "never tried to hide" his support for the president.

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Planet Money
9:04 am
Thu September 20, 2012

The Fiscal Cliff, In Three And A Half Graphics

Lam Thuy Vo / NPR

Originally published on Tue November 6, 2012 9:50 am

For more, see this story from NPR's Marilyn Geewax on how Congress might pass some stopgap measures to blunt the effect of the fiscal cliff.

A bunch of federal tax increases and spending cuts are scheduled to kick in around Jan. 1, 2013. This is what people are talking about when they talk about the "fiscal cliff."

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U.S.
9:00 am
Thu September 20, 2012

'Fiscal Cliff' Scenarios Leave Economists On Edge

Economists hope lawmakers can avert a "fiscal cliff" after November's election, but what if Congress runs out of time?
Pablo Martinez Monsivais AP

Originally published on Thu September 20, 2012 12:46 pm

Members of Congress are about to flee Capitol Hill, and they'll be gone until Nov. 13, one week after Election Day.

As they shift to full-time campaigning, lawmakers are leaving behind many questions about the "fiscal cliff," a massive cluster of automatic spending cuts and tax-break expirations that come together around year's end.

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The Two-Way
4:55 am
Thu September 20, 2012

Census: In 2011, Number Of Poor Americans Increased

Originally published on Thu September 20, 2012 7:21 am

  • Richard Gonzales on 'Morning Edition'
(We retopped this post at 8 a.m. ET.)

Though fresh data from the Census Bureau show that the number of Americans living in poverty edged higher in 2011, its latest American Community Survey also signals that after a Great Recession and a painfully slow recovery the U.S. economy may finally be bottoming out.

The Associated Press leads its report on the news this way:

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Business
3:27 am
Thu September 20, 2012

American Airlines Warns It's Eliminating Jobs

American Airlines is notifying more than 11,000 employees that they might get laid off. The move is part of the company's ongoing bankruptcy reorganization which continues to be rocky.

Business
3:19 am
Thu September 20, 2012

Correction To Taxpayer Stories

Transcript

STEVE INSKEEP, HOST:

We also have a correction for you this morning. Two reports in our air in recent days listed Americans who do not pay income taxes, and those lists included mentions of active duty-military service members. Those statements were too broad.

RENEE MONTAGNE, HOST:

Military personnel do pay federal income tax. But there are exemptions for some, including those who are serving in designated combat zones.

(SOUNDBITE OF MUSIC)

Business
3:14 am
Thu September 20, 2012

Chick-Fil-A, Chicago Alderman Moreno Reach Deal

Originally published on Thu September 20, 2012 3:45 pm

Transcript

RENEE MONTAGNE, HOST:

And Chick-fil-A fast food restaurants became the focus a few weeks ago of protests and counter-protests, after the CEO of the restaurant chain said he opposed same-sex marriage. Now, after a change in policy the chain, a Chicago alderman says he will no longer stand in the way of Chick-fil-A opening in his neighborhood.

NPR's Cheryl Corley reports.

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Business
3:14 am
Thu September 20, 2012

Samsung Keeps Up Patent Fight Against Apple

Apple and Samsung remained locked in their high stakes patent dispute. A Silicon Valley jury last month ordered Samsung to pay Apple more than $1 billion for infringing on its patents. Samsung is fighting in court and with a new aggressive marketing campaign for its Galaxy smartphones.

Business
3:14 am
Thu September 20, 2012

Business News

Originally published on Thu September 20, 2012 4:32 am

Transcript

STEVE INSKEEP, HOST:

NPR's business news begins with good news for Google.

(SOUNDBITE OF MUSIC)

INSKEEP: The search giant is expected to be the top firm in online display advertising revenue this year, according to analysts at the industry news site eMarketer. If their prediction comes true - if - Google will unseat the reigning online ad champ Facebook, which would be a blow for Facebook, which only last year managed to beat back the previous top-earner, Yahoo.

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Business
3:14 am
Thu September 20, 2012

The Last Word In Business

Originally published on Thu September 20, 2012 4:43 am

Transcript

RENEE MONTAGNE, HOST:

Our last word in business today is: the rich getting richer.

Forbes magazine just came out with its yearly list of the 400 richest Americans. Their combined net worth increased 13 percent since last year.

STEVE INSKEEP, HOST:

Here are some of the people who can certainly afford any kind of phone they want: Bill Gates, Warren Buffett, Larry Ellison, the Koch brothers and the children of Wal-Mart founder Sam Walton.

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Planet Money
1:32 am
Thu September 20, 2012

Insurance Companies Send Out Rebate Checks; Economists Get Nervous

iStockphoto.com

Originally published on Thu September 20, 2012 3:41 pm

Nearly 13 million Americans have gotten, or will soon be getting, rebates from their health insurance companies. This is because of a provision in the Affordable Care Act (aka Obamacare) that's supposed to force insurance companies to run better.

But while the idea of getting a check from your health insurance company may sound great, some economists worry this rule could actually make health insurance more expensive.

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The Two-Way
2:55 pm
Wed September 19, 2012

Google, Amazon, eBay, Facebook Among Those Forming New Lobbying Group

The big names on the Internet are forming a new lobbying group they hope will influence lawmakers when it comes to privacy and piracy.

The Washington Post reports that Google, Amazon, eBay, Facebook and 10 other Web companies formed the Internet Association to counter any efforts to issue new rules for their industry.

The Post adds:

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U.S.
1:21 pm
Wed September 19, 2012

Smoke Cleared, Texas Gun Owners Remain Wary

Originally published on Wed September 19, 2012 6:09 pm

Texas state Rep. Wayne Christian was born two blocks from where he now lives in what is called Deep East Texas.

"We were not wealthy people, [we were] common laborers, but that was typical in rural East Texas at that time," he says.

When he was growing up, Christian says, by first or second grade, an East Texas boy would accompany his father or grandfather on a hunting trip. But before a boy got a gun, he had to learn how to act — how to address the other men respectfully, to watch how it worked.

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The Two-Way
11:13 am
Wed September 19, 2012

Chick-fil-A Welcome In Chicago, Alderman Says, After Renewed Pledge Of Respect

A Chick-fil-A in Fort Worth, Texas, on "appreciation day" last month.
Tom Pennington Getty Images

Originally published on Wed September 19, 2012 1:23 pm

Chicago Alderman Proco "Joe" Moreno, who led the opposition in his city to the opening of a Chick-fil-A restaurant there because of company President Dan Cathy's outspoken stand against same-sex marriage, now says he won't stand in the fast-food chain's way.

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The Salt
9:10 am
Wed September 19, 2012

McRib Fans May Have To Wait Till Christmas For Their Sandwich Fix

McDonald's plans to delay the return of the seasonal McRib sandwich in the hopes it can help boost late winter sales.
Ruocaled Flickr.com

Originally published on Wed September 19, 2012 10:21 am

It's not quite as iconic as falling leaves, crisp air, and football, but the McDonald's McRib is usually something folks look forward to enjoying in the autumn months. Not happening this year, according to a company memo obtained by Advertising Age.

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The Two-Way
7:30 am
Wed September 19, 2012

Housing Starts Rose Again In August, Pace Remains Well Above Previous Years

Construction that was underway this summer in San Mateo, Calif.
Justin Sullivan Getty Images

Originally published on Wed September 19, 2012 8:30 am

(This post was updated at 10:05 a.m. ET.)

In the morning's second sign of strength in the housing sector, the National Association of Realtors reports that sales of existing homes rose 7.8 percent in August from July and were 9.3 percent above the pace of August 2011.

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Politics
3:08 am
Wed September 19, 2012

Why Some Are Exempt From Federal Income Taxes

Originally published on Wed September 19, 2012 2:02 pm

Transcript

STEVE INSKEEP, HOST:

Far more than half of Americans pay some form of federal, state and local taxes. But one thing all parties seem to agree on is that the proportion of people not paying federal income taxes has grown larger in recent years.

RENEE MONTAGNE, HOST:

Less talked about is that policies backed both by Democrats and Republicans, combined with an aging population and a high unemployment rate, have fueled that growth.

NPR's David Welna has this brief history of federal taxes.

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Business
2:49 am
Wed September 19, 2012

Business News

Originally published on Wed September 19, 2012 4:51 am

Transcript

STEVE INSKEEP, HOST:

NPR's business news starts with an adjustment to the oil supply.

(SOUNDBITE OF MUSIC)

Business
2:49 am
Wed September 19, 2012

Alpha Closing 8 Coal Mines, Eliminating 1,200 Jobs

Facing competition from cheap natural gas, coal producer Alpha Natural Resources said it's cutting production by 16 million tons and eliminating 1,200 jobs companywide. The cuts include 400 jobs with the immediate closing of eight mines in Virginia, West Virginia and Pennsylvania.

NPR Story
2:43 am
Wed September 19, 2012

The Last Word In Business

Originally published on Wed September 19, 2012 5:04 am

The most expensive work of art ever sold at auction is going on public display at New York's Museum of Modern Art. For six months starting in late October, museum-goers can stare into the abyss suggested by Munch's iconic image of a screaming man beneath a swirling orange sky.

The Salt
1:05 am
Wed September 19, 2012

So What Happens If The Farm Bill Expires? Not Much, Right Away

Sens. Jeanne Shaheen, D-N.H., and Pat Toomey, R-Pa., talk to reporters about the farm bill at the U.S. Capitol in June.
J. Scott Applewhite AP

Originally published on Wed September 19, 2012 2:53 pm

Congress is set to make a brief appearance in Washington this week, then recess until after Election Day. That means a farm bill is likely to be left undone, just one of the many items on lawmakers' "to-do" lists that won't happen anytime soon.

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