Business

The Salt
2:34 pm
Thu June 28, 2012

How the Taste Of Tomatoes Went Bad (And Kept On Going)

Notice how some of these tomatoes have unripe-looking tops? Those "green shoulders" are actually the keys to flavor.
pocius Flickr.com

Originally published on Thu June 28, 2012 5:32 pm

The tomato is the vegetable (or fruit, if you must) that we love to hate. We know how good it can be and how bad it usually is. And everybody just wants to know: How did it get that way?

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NPR Story
2:13 pm
Thu June 28, 2012

Insurance Industry Tries To Swallow Health Care Law

Originally published on Thu June 28, 2012 5:32 pm

Transcript

MELISSA BLOCK, HOST:

For more now on the political impact of the Supreme Court ruling, we're joined by NPR's national political correspondent Mara Liasson. Mara, hi.

MARA LIASSON, BYLINE: Hi, Melissa.

BLOCK: We heard jubilation from Democrats, some shock from Republicans there. This is clearly a very important legal win for the president and for his policy on health care. But until this point, health care has not always been a winning issue for the president. Let's listen to some of what he said today addressing that question.

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Shots - Health Blog
2:10 pm
Thu June 28, 2012

Health Care Law Upheld: Now What?

A bulletin board in New York's Jamaica Hospital offers advice for uninsured patients.
Seth Wenig AP

Originally published on Thu June 28, 2012 2:26 pm

Now that the Supreme Court has decided that the Affordable Care Act can stand, it's time to think about what the law actually means for your medical coverage. The requirement that everyone buy health insurance (the individual mandate) has gotten all the attention, but there's a lot more to the health law. So let's review the changes the law has already wrought and those that still lie ahead:

WHAT'S IN EFFECT:

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Shots - Health Blog
9:11 am
Thu June 28, 2012

Supreme Court Upholds Care Health Law

Supporters of the health care law march in front of the Supreme Court building.
Mark Wilson Getty Images

Originally published on Thu June 28, 2012 12:55 pm

In one of the most widely anticipated decisions in recent history, the U.S. Supreme Court today ruled that the sweeping federal law overhauling the nation's health care system is constitutional.

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The Two-Way
7:31 am
Thu June 28, 2012

As It Happened: Supreme Court Upholds Health Care Law

Supporters of President Obama's health care legislation celebrated outside after hearing that the Supreme Court upheld the constitutionality of the Affordable Care Act.
Saul Loeb AFP/Getty Images

Originally published on Thu June 28, 2012 10:39 am

The Supreme Court ruled today that the 2010 Affordable Care Act is constitutional — giving the Obama administration a big election year win over conservative critics who argue that the health care overhaul is a step on the way toward socialized medicine.

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The Two-Way
6:40 am
Thu June 28, 2012

Jobless Claims Dip Only Slightly; First-Quarter GDP Estimate Unchanged

Two fresh bits of economic data, neither of which change the picture much if at all:

-- The Employment and Training Administration says there were 386,000 first-time claims for unemployment insurance last week, down 6,000 from the week before. But it also revised up that previous week's estimate, from the initial report of 387,000.

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The Two-Way
6:03 am
Thu June 28, 2012

News Corp. Confirms Split; Rupert Murdoch Will Chair Both Companies

Rupert Murdoch, chairman and CEO of News Corp., with one of his company's British tabloids.
Arthur Edwards News International/Getty Images

Saying that the move will create two companies, one a "world-class" publisher and the other an "unmatched global media and entertainment" giant, Rupert Murdoch's News Corp. just confirmed it is planning to separate into two distinct units.

Murdoch, a legend in the news and entertainment businesses whose TV ventures include Fox News Channel, will "serve as chairman of both companies and CEO of the media and entertainment company," the company added.

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The Two-Way
5:42 am
Thu June 28, 2012

JPMorgan's Losses 'May Reach $9 Billion'

JPMorgan Chase & Co. headquarters in New York.
Emmanuel Dunand AFP/Getty Images
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Europe
3:09 am
Thu June 28, 2012

European Leaders Grapple With Saving Euro

Originally published on Thu June 28, 2012 10:34 am

Transcript

LINDA WERTHEIMER, HOST:

It's MORNING EDITION from NPR News. I'm Linda Wertheimer.

RENEE MONTAGNE, HOST:

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Business
3:09 am
Thu June 28, 2012

Google Is The Latest To Get Into Computer Tablets

Originally published on Thu June 28, 2012 10:34 am

Transcript

LINDA WERTHEIMER, HOST:

Google opened its World Wide Developers conference yesterday with a few announcements — the most notable is its entry into the highly competitive tablet market.

LAURA SYDELL, BYLINE: As NPR's Laura Sydell reports, with the Nexus 7, Google is headed for a market somewhere between the Amazon Fire and Apple's iPad.

It's called the Nexus 7 because it's a seven-inch tablet. Google also announced more content for its online store. In addition to music, movies and books, they will have TV shows and magazines.

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Business
3:09 am
Thu June 28, 2012

News Corp. To Announce Company Split

Originally published on Thu June 28, 2012 10:34 am

Transcript

RENEE MONTAGNE, HOST:

And we reported, yesterday, that Rupert Murdoch's media conglomerate News Corp. was considering splitting itself into two separate companies. The company's board of directors approved a split last night.

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Business
3:09 am
Thu June 28, 2012

The Last Word In Business

Originally published on Thu June 28, 2012 10:34 am

Transcript

RENEE MONTAGNE, HOST:

And you may want to Google our last word in business today. That word is foie-kage. It's kind of like corkage, the fee restaurants charge to open a bottle of wine that you've brought in with you.

LINDA WERTHEIMER, HOST:

Foie-kage is the fee that Californians will have to pay if they want to eat foie gras - fatty goose or duck liver. They'll have to bring their own because starting thanks week, restaurants will be banned from serving the delicacy.

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Business
3:09 am
Thu June 28, 2012

Business News

Originally published on Thu June 28, 2012 10:34 am

Transcript

RENEE MONTAGNE, HOST:

NPR's business news starts with a possible deeper debt for JPMorgan.

(SOUNDBITE OF MUSIC)

The Salt
1:25 am
Thu June 28, 2012

Unlike Chicken And Pork, Beef Still Begins With Small Family Ranches

Barbara and Norman Roux stand in front of cattle pens on their farm outside of Moundridge, Kan., where she has raised cattle for nearly 70 years.
Peggy Lowe Harvest Public Media

Originally published on Thu June 28, 2012 5:47 pm

In the chicken and pork industries, nearly every aspect of the animals' raising has long been controlled by just a handful of agriculture conglomerates. But the cattle industry is still populated by mom-and-pop operations, at least at the calf-raising level.

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Planet Money
1:16 am
Thu June 28, 2012

Going Public Is A Hassle

Meh.
Richard Drew AP

Originally published on Wed July 11, 2012 3:09 pm

Here's a classic story of how a multimillion-dollar company gets started.

A young guy named Seung Bak is on a trip to China. He gets back to his hotel room late one night and turns on the TV.

"I'm flipping through channels, and in the middle of China they are showing Korean dramas all around the clock," Bak says.

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Economy
4:00 pm
Wed June 27, 2012

Defense Giant Says Budget Cuts Could Mean Pink Slips

Defense contractor Lockheed Martin says it will be forced to send notices of possible layoffs to its entire workforce if proposed federal budget cuts go into effect.
Tom Pennington AP

Originally published on Thu June 28, 2012 6:58 am

Just imagine the political fallout: Nov. 2, only days before the election, tens of thousands — maybe hundreds of thousands — of workers receive letters warning that they could be out of a job.

That's exactly what some in the defense industry say will happen if Congress doesn't act soon to reverse sequestration — the across-the-board spending cuts that take effect in January if Congress doesn't agree on a plan to cut the deficit.

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The Two-Way
1:23 pm
Wed June 27, 2012

Google Introduces Tablet And Streaming Device

Hugo Barra, product management director of Android, introduces Google's low-cost computer tablet Nexus 7 during the keynote speech at Google's annual developer conference on Wednesday.
Kimhiro Hoshino AFP/Getty Images

Today's a good day for gadget enthusiasts. During its I/O event, Google announced that like Microsoft, it was jumping into the tablet market. The search giant made three big announcements: The Nexus 7, its tablet; the Nexus Q, a streaming device; and a new version of its mobile operating system called Jelly Bean.

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The Two-Way
12:39 pm
Wed June 27, 2012

Microsoft's Greece Headquarters Firebombed By Armed Assailants

A security officer stands by the van used by attackers at the entrance of the Microsoft office in an Athens on Wednesday.
Louisa Gouliamaki AFP/Getty Images

Originally published on Wed June 27, 2012 1:10 pm

Early this morning, three armed assailants fire bombed the headquarters of Microsoft in Athens, Greece.

The attackers used a van to ram through the front door and tried to set the building on fire using gasoline, Microsoft Greece's General Manager Ernst-Jan Stigter told reporters. Stigter added that no one was injured.

The AP reports:

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Author Interviews
10:53 am
Wed June 27, 2012

Why Flying Is No Fun (And May Be More Dangerous)

Michal Krakowiak iStockphoto.com

After the airline industry was deregulated in 1978, flying changed considerably.

Some of those changes have improved commercial flying, but others have made the skies much less friendly, says journalist and airline veteran William J. McGee.

McGee's new book, Attention All Passengers, details how airlines are cutting costs through regional carriers, outsourcing airline maintenance, mishandling baggage and overbooking airplanes.

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Your Money
9:50 am
Wed June 27, 2012

Do You Lie To Your Spouse About Spending?

Originally published on Wed June 27, 2012 2:46 pm

It's wedding season and that's when newlyweds get their first taste of marital bliss and marital challenges, including managing finances. A new survey for the American Institute of CPAs found that 30 percent of couples are deceitful about their spending. Guest host Viviana Hurtado finds out how couples can better manage money with Louis Barajas.

The Two-Way
8:19 am
Wed June 27, 2012

Contracts For Home Sales Rose Sharply In May

"Pending home sales bounced back in May, matching the highest level in the past two years, and are well above year-ago levels," the National Association of Realtors reports. The association says that:

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The Two-Way
6:41 am
Wed June 27, 2012

Orders For Durable Goods Rose In May

There was a 1.1 percent increase in new orders for so-called durable goods in May from April, the Census Bureau says. That's more than economists had forecast, Bloomberg News reports. According to Reuters, economists thought Census would say orders went up about 0.4 percent.

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Media
3:31 am
Wed June 27, 2012

Splitting Outlets Could Help News. Corp. Investors

Originally published on Wed June 27, 2012 4:49 pm

News Corp. executives have confirmed they are considering dividing the company in two. One new company would hold all of News Corp.'s profitable entertainment and television outlets. The other would hold all of its newspaper and publishing outlets. The move is seen as a way for the Murdoch family to hang on to its less profitable and troubled newspapers while pleasing investors with a newly independent and far more profitable entertainment company.

Business
3:25 am
Wed June 27, 2012

Limits Put On Nonprofit Hospital Debt Collection

Originally published on Wed June 27, 2012 4:34 am

Transcript

LINDA WERTHEIMER, HOST:

Let's turn now to proposed rules to protect patients from abusive debt-collection practices, specifically at nonprofit hospitals. The rules come from the Treasury Department. They were required by the 2010 federal health law. Jenny Gold, of our partner Kaiser Health News, has more.

JENNY GOLD, BYLINE: When Deb Waldin arrived at the emergency room of Fairview Health Services, a nonprofit hospital system in Minnesota, on a scale of one to 10, she says her pain was a 12.

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Business
3:13 am
Wed June 27, 2012

Musical Based On Spice Girls To Open In London

Originally published on Wed June 27, 2012 5:55 am

Transcript

RENEE MONTAGNE, HOST:

And our last word in business today is a blast from the '90s.

(SOUNDBITE OF SONG, "SPICE GIRLS IF YOU WANNA BE MY LOVER")

SPICE GIRLS: (Singing) Yo, I'll tell you what I want, what I really, really want. So tell me what you want, what you really, really want. I'll tell you what I want...

MONTAGNE: The word is "Viva Forever." That's the name of a new musical based on songs from the Spice Girls, which, clearly, producers are hoping is what fans want - really, really want.

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NPR Story
3:13 am
Wed June 27, 2012

Business News

Originally published on Wed June 27, 2012 5:55 am

Transcript

LINDA WERTHEIMER, HOST:

NPR's business starts with living wills for banks.

The nation's biggest banks are getting ready to file plans with the government for how they would unwind their assets if they were to fail. The plans are called living wills. Regulators want to avoid the type of damage the collapse of Lehman Brothers had on the financial system. Big banks have a July 1st deadline to submit their living wills to the Federal Reserve and FDIC. Transcript provided by NPR, Copyright NPR.

NPR Story
3:13 am
Wed June 27, 2012

FBI Op Goes After Cyber Criminals Stealing Credit Cards

Originally published on Wed June 27, 2012 4:34 am

Transcript

RENEE MONTAGNE, HOST:

Two dozen people on four continents have been charged with trafficking in stolen credit cards and bank account numbers. Eleven of the defendants were arrested in the U.S. They were caught after allegedly using a website set up by the FBI as part of a sting operation.

NPR's Jim Zarroli reports.

JIM ZARROLI, BYLINE: FBI officials said the arrests yesterday amounted to the largest coordinated international law enforcement action in history. It involved 13 countries in North America, Asia, Europe and Australia.

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The Salt
1:03 am
Wed June 27, 2012

A Nation Of Meat Eaters: See How It All Adds Up

Only Luxembourgers eat more meat per person than Americans.
iStockphoto.com

Originally published on Thu June 28, 2012 7:59 am

As Allison Aubrey and Dan Charles reported today on Morning Edition, meat has more of an impact on the environment than any other food we eat. That's because livestock require so much more food, water, land, and energy than plants to raise and transport. (Listen to the audio above for their conversation with Morning Edition's Linda Wertheimer.)

Take a look here at what goes into just one quarter-pound of hamburger meat.

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Crisis In The Housing Market
1:00 am
Wed June 27, 2012

Morale Takes A Hit At Beleaguered Fannie, Freddie

Created by the federal government during the Great Depression, Fannie Mae became a Washington powerhouse: a highly profitable, private company, protected by the government and boasting huge lobbying clout. But today, Fannie Mae has essentially become a ward of the state.
Manuel Balce Ceneta AP

Originally published on Wed June 27, 2012 4:47 pm

The collapse of the housing market has led to plenty of finger-pointing in Washington. Two easy targets are Fannie Mae and Freddie Mac.

These government-backed mortgage giants had to be rescued by taxpayers and now owe the government $188 billion. Still, Fannie and Freddie, which currently make the vast majority of home loans possible, are crucial to supporting the housing market right now.

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Crisis In The Housing Market
2:20 pm
Tue June 26, 2012

Sinking Under A $10,000 Monthly Mortgage Payment

Originally published on Wed June 27, 2012 4:50 pm

The nation's housing crisis has touched countless people. Increasingly, the well-off are among them.

Housing counselors around the country say they are seeing more people struggling to keep their million-dollar homes. It's a twist on a familiar story of hardship — but one that involves some very big numbers.

Moving Up, Falling Down

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