Business

Business
2:33 pm
Mon July 2, 2012

Airbus' U.S. Plant Would Bring 1,000 Jobs To Alabama

Originally published on Mon July 2, 2012 4:43 pm

Airbus and Alabama officials announce the building of the company's first major manufacturing facility in the U.S on Monday. It's a $600 million investment that is expected to directly create about 1,000 jobs. Archrival Boeing has argued against allowing Airbus — a European company — to set up shop in the U.S.

Economy
2:33 pm
Mon July 2, 2012

Factories Scaling Back Amid Economic Slide

Originally published on Mon July 2, 2012 4:35 pm

Transcript

MELISSA BLOCK, HOST:

In what could be a troubling sign for the U.S. economy, manufacturing activity started contracting last month. U.S. manufacturing has been a much-needed bright spot, with companies adding jobs and selling more products.

But today, as NPR's Chris Arnold tells us, we got evidence that things might be changing.

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Business
2:33 pm
Mon July 2, 2012

Glaxo Agrees to Pay $3 Billion in Fraud Settlement

Originally published on Mon July 2, 2012 4:35 pm

Transcript

ROBERT SIEGEL, HOST:

From NPR News, this is ALL THINGS CONSIDERED. I'm Robert Siegel.

MELISSA BLOCK, HOST:

And I'm Melissa Block. In what the government is calling the biggest health care fraud settlement in history, drug maker Glaxo SmithKline has agreed to plead guilty to misdemeanor criminal charges and pay $3 billion. As NPR's Carrie Johnson reports, the Justice Department says Glaxo used illegal tactics to promote two popular depression drugs and failed to report safety data on a third drug for diabetes.

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Business
2:33 pm
Mon July 2, 2012

Dish's Ad-Skipping Ability Roils Broadcast Networks

Originally published on Mon July 2, 2012 4:35 pm

Transcript

MELISSA BLOCK, HOST:

The satellite TV provider Dish Network is offering subscribers a new feature that automatically skips over ads, but broadcast networks hate that idea, and they're suing. CBS, NBC and Fox say the feature, called Auto Hop, violates copyright laws and puts the whole TV industry's foundation in danger. Joe Flint has been covering this for the Los Angeles Times, and he joins me now. At, Joe, let's talk about Auto Hop. It's a feature on Dish's new digital video recorders, or DVRs. How does it work?

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Business
2:25 pm
Mon July 2, 2012

As Strikes Wane, Caterpillar Workers Hold The Line

Striking workers picket outside a Caterpillar plant in Joliet, Ill. The work stoppage is now entering its third month.
Joseph P. Meier Sun-Times Media Photo

Originally published on Mon July 2, 2012 4:35 pm

Whenever a car or truck turns off busy Channahon Road onto the long drive to the Caterpillar plant in Joliet, Ill., a handful of union workers on a picket line scream, "Scab! Scab!!"

As strikers try shaming the few workers and managers who cross the line, even a clearly marked sandwich delivery car gets shouted down.

Approximately 800 workers at this plant, which makes hydraulic systems for Caterpillar's heavy construction and mining equipment, are about to enter their third month on strike.

Negotiations Fail

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13.7: Cosmos And Culture
11:59 am
Mon July 2, 2012

The Mutative Entrepreneur

Computer chips: the grandest digital mutation of them all
Sam Yeh AFP/Getty Images

Regular contributor Stuart Kauffman is joined this week by Richard Melmon, a managing partner at Bullpen Capital.

What is an economy? The word derives from the ancient Greek for household stewardship. The economy is the steward of our material lives. But who is this steward? And how does it decide the makeup of the pantry?

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Opinion
10:24 am
Mon July 2, 2012

The Weekly Standard: The Economy And The Courts

A Supreme Court Police officer stands outside the U.S. Supreme Court on June 28, 2012 in Washington, D.C.
Kris Connor Getty Images

Irwin M. Stelzer is a contributing editor to The Weekly Standard, director of economic policy studies at the Hudson Institute, and a columnist for the Sunday Times.

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Business
2:54 am
Mon July 2, 2012

Samsung's Galaxy S3 Sets A Marker For The iPhone

Originally published on Mon July 2, 2012 5:23 am

In the world of smartphones, Apple and Samsung have been going head to head. And the competition could get rougher. Samsung has launched the Galaxy S3 in the U.S., and it could be a serious threat to the iPhone. Linda Wertheimer talks to Bloomberg technology columnist Rich Jaroslovsky about the latest in the smartphone battle between Samsung and Apple.

Health Care
2:54 am
Mon July 2, 2012

Mississippi Reluctant To Expand Medicaid Eligibility

Originally published on Mon July 2, 2012 5:23 am

Transcript

LINDA WERTHEIMER, HOST:

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

RENEE MONTAGNE, HOST:

And I'm Renee Montagne.

WERTHEIMER: Now that the Supreme Court has upheld most of the health care law, the Affordable Care Act, the action turns to the states.

Each state has two big tasks: first is deciding whether to take federal money to expand Medicaid.

MONTAGNE: States are supposed to provide Medicaid to a larger base: people making incomes up to 133 percent of the poverty level, just under $15,000 a year.

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Business
2:54 am
Mon July 2, 2012

Business News

Originally published on Mon July 2, 2012 5:23 am

Transcript

RENEE MONTAGNE, HOST:

The chairman of the big British bank Barclays stepped down this morning. This comes just days after the bank agreed to pay British and U.S. regulators a total of $450 million, a fine to settle charges that Barclays' traders and executives had manipulated a key interest rate for profit.

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Health Care
2:51 am
Mon July 2, 2012

California Proceeds With Health Exchanges

Originally published on Mon July 2, 2012 5:23 am

Transcript

PAULINE BARTOLONE, BYLINE: I'm Pauline Bartolone in Sacramento.

California, unlike Mississippi, is already on the road to Medicaid expansion under the Affordable Care Act. And after the law passed in 2010, it was the first state to get going to build an exchange.

Peter Lee is in charge of it. He never let uncertainty about the Supreme Court decision come in the way of building the new marketplace.

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Business
2:51 am
Mon July 2, 2012

The Last Word In Business

Originally published on Mon July 2, 2012 5:07 am

More than 70 years ago, Samsung started as a company which sold dried fish and fruit. Now Samsung sells everything from life insurance, to hotels and chemicals. It's one of South Korea's biggest companies. And, it's still run by the same family: the Lees.

Health Care
2:51 am
Mon July 2, 2012

Advocates Worry Texas Won't Expand Medicaid

Originally published on Tue July 10, 2012 5:15 pm

Transcript

RENEE MONTAGNE, HOST:

In Texas, one in four people are uninsured, and the state's leadership has been vociferous in its opposition to the health-care law. Carrie Feibel, of member station KUHF in Houston, reports that despite the Supreme Court's ruling, political opposition to the Affordable Care Act remains strong. And that leaves many public-health advocates nervous about how the Lone Star State will implement the law.

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Business
2:51 am
Mon July 2, 2012

Sales Tax In Health Law Targets Medical Devices

Originally published on Mon July 2, 2012 5:23 am

Some industries stand to benefit now that the health care law has been upheld by the Supreme Court. For makers of medical devices, the ruling means frustration because a sales tax on their equipment stays in place.

Business
3:05 pm
Sun July 1, 2012

An Abbey's Run-In With Law On Who Can Sell Caskets

Deacon Mark Coudrain, bottom left, Rev. Charles Benoit, top left, Abbot Justin Brown, top right, and attorney Evans Schmidt carry a casket built by Benedictine monks down the steps of the U.S. federal district courthouse on Aug. 12, 2010.
Patrick Semansky AP

Originally published on Sun July 1, 2012 3:53 pm

Monks set up St. Joseph Abbey in Louisiana more than 100 years ago. They've been there so long, they have 1,100 acres and their own town, St. Benedict.

For all those years, when one of the brothers died, the monks would painstakingly craft a flawless pine casket in their woodwork shop.

Over the years, many clergy members and high-ranking church officials would request the the beautiful caskets. Soon, members of the public wanted see if they might be able to buy one.

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Americandy: Sweet Land Of Liberty
11:15 pm
Sat June 30, 2012

America's Affection For Hometown Confections

YouTube

Originally published on Mon July 9, 2012 8:40 am

From the maple sugar moose heads of New England to the chile brittle of the Southwest, from the Almond Roca of the Pacific Northwest to the key lime coconut patties of Florida, America loves its candy.

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American Dreams: Then And Now
3:51 am
Sat June 30, 2012

Buried In Debt, Young People Find Dreams Elusive

Michelle Holshue racked up $140,000 in student loan debt while training to become a public health nurse. She's living her dream of helping others, she says, but never expected it "to be so hard."
Emily Bogle NPR

Originally published on Sat June 30, 2012 5:32 am

Growing up near Philadelphia, Michelle Holshue's dream was to serve those in need. Applying to nursing school at the University of Pennsylvania seemed like a smart move — in 2007.

Nursing jobs were plentiful. The students' running joke was that hospital executives would soon be stopping them in the street, begging them to come to work.

Then the economy tanked. For a time, Holshue was an Ivy League grad on unemployment and food stamps.

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Shots - Health Blog
4:28 pm
Fri June 29, 2012

The Day After A Health Care Crescendo, Each Side Plays A Familiar Refrain

Joy Reynolds of San Diego, Calif., looks over Friday's front pages on display at the Newseum in Washington, the day after the Supreme Court ruling on President Barack Obama's health care law.
David Goldman AP

Originally published on Fri June 29, 2012 8:26 pm

On the day after the Supreme Court upheld the constitutionality of President Obama's health care law, Washington returned to business as usual.

In other words, supporters of the law were busy praising its virtues, and opponents calling for its demise.

Over at Georgetown University Law Center, several health law experts got together to dissect the court's ruling and what it might mean down the line.

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Judging The Health Care Law
2:51 pm
Fri June 29, 2012

Doctors Applaud Ruling But Keep Champagne On Ice

"It's a great idea, health care for everyone," says Gary Small, director of the geriatric psychiatry division at UCLA's Resnick Neuropsychiatric Hospital, "but who pays for it?"
Vince Bucci AP

For people in the medical and insurance fields, the Supreme Court's health care ruling cleared up a lot of uncertainty. But by no means all of it.

By upholding the bulk of the federal law passed in 2010, the court allowed the status quo to remain more or less in place.

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The Salt
10:35 am
Fri June 29, 2012

All Across America, Meat Billboards Ruled The Road

These Pioneer hot dogs look like they are going to jump off of this 1965 billboard and into your mouth.
Outdoor Advertising Association of America, Inc., via Duke University

Originally published on Fri June 29, 2012 12:58 pm

With the birth of the Interstate Highway System in the mid-1950s, America was on its way to becoming a nation of long-distance drivers.

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Shots - Health Blog
8:56 am
Fri June 29, 2012

Supreme Court Health Care Ruling Prompts Foot Race In Press Corps

Mark Wilson Getty Images

Originally published on Fri June 29, 2012 4:37 pm

There were winners and losers in the journalistic race to get out the news of the Supreme Court's momentous ruling upholding the administration's health care law Thursday.

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Planet Money
7:46 am
Fri June 29, 2012

A Baby Step Toward A United States Of Europe

Spot the metaphor.
Oli Scarff Getty Images

Originally published on Mon July 2, 2012 8:20 am

If the euro is to survive, the eurozone needs to be more like one country, and less like a bunch of different countries that happen to sit on the same continent.

European leaders just took a baby step in that direction. They agreed to create a banking union. Like many things in global finance, this sounds boring but is actually a pretty big deal.

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The Two-Way
6:11 am
Fri June 29, 2012

Europe's New Deal Has Markets Cheering

German Chancellor Angela Merkel talks with European Central Bank President Mario Draghi (left) and Italian Prime Minister Mario Monti (right) during the summit of European leaders in Brussels.
Bertrand Langlois AFP/Getty Images

Originally published on Fri June 29, 2012 2:25 pm

"European stocks rallied after policy makers eased repayment rules for Spanish banks, relaxed conditions for possible aid to Italy and unveiled a $149 billion growth plan for the region's economy," Bloomberg News reports this morning. "U.S. index futures and Asian shares also rose."

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Economy
3:00 am
Fri June 29, 2012

European Union Summit Convenes For Second Day

Originally published on Fri June 29, 2012 11:30 am

Transcript

RENEE MONTAGNE, HOST:

And European leaders worked through the night last night, at a summit in Brussels aimed at tackling the eurozone's worsening debt crisis.

PHILIP REEVES, BYLINE: NPR's Philip Reeves is there and says they've reached an agreement on at least some issues.

Spain and Italy are among the largest economies in Europe. Their borrowing costs have been spiraling towards unsustainable levels. Spain has warned that it can't afford to pay them for much longer.

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Business
3:00 am
Fri June 29, 2012

The Last Word In Business

Originally published on Fri June 29, 2012 5:30 am

Transcript

LINDA WERTHEIMER, HOST:

Our last word in business today comes from a giant in the advertising industry. Her name is Shelly Lazarus. The Brooklyn native began working at the ad agency Ogilvy and Mather at a time when the industry looked much like the one portrayed in the TV show "Mad Men."

RENEE MONTAGNE, HOST:

An industry run mostly by men. It was 1971 when Shelly Lazarus arrived at the company, fresh from Columbia University, with an MBA - a time when few women were earning business degrees.

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Law
3:00 am
Fri June 29, 2012

Chief Justice Robert's Vote Saves Health Care Law

Originally published on Fri June 29, 2012 4:44 am

Transcript

LINDA WERTHEIMER, HOST:

This is MORNING EDITION from NPR News. I'm Linda Wertheimer.

RENEE MONTAGNE, HOST:

And I'm Renee Montagne. The Supreme Court's decision to uphold President Obama's health care law defied many predictions: the outcome, the legal grounds, and the makeup of the court majority. For Chief Justice John Roberts, his definitive court opinion was either a triumph of judicial restraint, or a sellout, depending on who you talk to.

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Politics
3:00 am
Fri June 29, 2012

Undeterred, GOP Vows To Repeal Health Care Law

Originally published on Fri June 29, 2012 4:38 am

Transcript

LINDA WERTHEIMER, HOST:

Just last week, Republican leaders were warning their rank and file not to gloat if the health care law were overturned. Well, after the decision came yesterday, GOP leaders regrouped and vowed to keep fighting. NPR's Andrea Seabrook reports.

ANDREA SEABROOK, BYLINE: House Majority Leader Eric Cantor stepped up to the microphone.

REPRESENTATIVE ERIC CANTOR: If for nothing else, today's health care decision underscores the importance of this election.

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Business
3:00 am
Fri June 29, 2012

World's Biggest Brewer Acquires Another Company

Originally published on Fri June 29, 2012 5:01 am

Transcript

RENEE MONTAGNE, HOST:

NPR's business news starts with a new owner for Modelo.

(SOUNDBITE OF MUSIC)

MONTAGNE: The world's biggest brewer, Anheuser-Busch InBev, announced today it's becoming bigger. The Belgian company says it's buying the rest of the Mexican brewer known for the beer, Corona. InBev had already owned a non-controlling stake and is paying more than $20 billion for full control. Analysts say the buy will help InBev move into new markets. Transcript provided by NPR, Copyright NPR.

Business
3:00 am
Fri June 29, 2012

Financial Markets React To Health Care Ruling

Originally published on Fri June 29, 2012 4:46 am

Transcript

LINDA WERTHEIMER, HOST:

Yesterday's ruling on health care took the financial markets by surprise. Stocks were mixed with some shares finishing the day sharply higher. By the end of the day, stock traders seemed to shrug off the ruling.

NPR's Jim Zarroli reports.

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NPR Story
2:34 am
Fri June 29, 2012

Health Care Ruling Is A Mixed Bag For Insurers

Originally published on Fri June 29, 2012 3:57 am

Transcript

LINDA WERTHEIMER, HOST:

This is MORNING EDITION from NPR News. I'm Linda Wertheimer sitting in for Steve Inskeep.

RENEE MONTAGNE, HOST:

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