Business

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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NPR Story
2:20 pm
Tue June 26, 2012

Orbitz Targets Mac Users For Pricier Hotels

Originally published on Tue June 26, 2012 7:06 pm

Transcript

MELISSA BLOCK, HOST:

You know the ads that poke fun at the hapless, square PC compared with the hip and clever Mac?

(SOUNDBITE OF AN AD)

UNIDENTIFIED MAN #1: Hello, I'm a Mac.

UNIDENTIFIED MAN #2: And I'm a PC. And I feel inadequate.

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Education
11:17 am
Tue June 26, 2012

What's Driving College Costs Higher?

iStockphoto.com

Originally published on Wed June 27, 2012 8:47 am

Just days before student loan rates are set to double for millions of Americans, President Obama and congressional leaders haven't reached an agreement on legislation to keep those rates at 3.4 percent.

The debate reflects the growing concern over the debt burden many take on to get a college education. About two-thirds of bachelor's degree recipients borrow money to attend college, and collectively, student debt has topped $1 trillion.

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Planet Money
10:17 am
Tue June 26, 2012

Hiding In Every Euro: Signs Of Doom!

Lam Thuy Vo / NPR

We always liked the lofty design of euro notes. Until Planet Money reader Peter Minnig wrote in to point out the secret messages hidden in the notes — clues that suggest all may not end well for the euro.

What follows are a combination of clues Minnig pointed out, and those we found ourselves.

(Sorry about that giant "Specimen" printed across the bills. We're just following the European Central Bank's anti-counterfeiting rules.)



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The Two-Way
9:09 am
Tue June 26, 2012

If News Corp. Splits Its Businesses, Many Investors Would Be Pleased

Originally published on Wed June 27, 2012 6:15 am

With a simple statement saying that "it is considering a restructuring to separate its business into two distinct publicly traded companies," News Corp. this morning confirmed the thrust of a story reported by its own Wall Street Journal, NPR's David Folkenflik tells us.

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The Two-Way
7:42 am
Tue June 26, 2012

Home Prices Tick Up, Housing Market Recovery May Be Strengthening

This "For Sale" sign was hanging outside a home in Brooklyn, N.Y., earlier this month.
Spencer Platt Getty Images

Home prices rose in nearly all major U.S. cities in April from March, according to the latest S&P/Case-Shiller Home Price Indices report.

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The Two-Way
6:27 am
Tue June 26, 2012

Orbitz Shows Mac Users Pricier Hotel Options: Big Deal Or No Brainer?

Using a Mac may mean you'll see some pricier options when booking online.
Justin Sullivan Getty Images

Originally published on Tue June 26, 2012 1:26 pm

There's lots of chatter today about The Wall Street Journal's report that:

"Orbitz Worldwide Inc. has found that people who use Apple Inc.'s Mac computers spend as much as 30% more a night on hotels, so the online travel agency is starting to show them different, and sometimes costlier, travel options than Windows visitors see."

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Food
3:31 am
Tue June 26, 2012

App Will Match Farmers With Meat Distributors

Originally published on Tue June 26, 2012 6:25 am

Transcript

RENEE MONTAGNE, HOST:

And many people want to carve out a slice of the national meat market - that includes people who would like to sell you locally grown meat.

STEVE INSKEEP, HOST:

A company from Kansas City - now, there's a city that knows meat - is developing an application, or app, for smartphones. Nathan Jones wants to help local farmers find distributors.

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Law
2:58 am
Tue June 26, 2012

Supreme Court Reaffirms Citizens United Decision

Originally published on Tue June 26, 2012 6:25 am

Transcript

RENEE MONTAGNE, HOST:

The U.S. Supreme Court has struck down a Montana state law banning corporate campaign spending. In doing so, it reaffirmed its controversial Citizens United decision.

Montana Public Radio's Dan Boyce reports.

DAN BOYCE, BYLINE: Montana voters passed the ban on corporate spending in state races 100 years ago. They did so to limit the influence of powerful copper barons. The conservative group American Tradition Partnership sued the state following the 2010 Citizens United ruling.

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Around the Nation
2:58 am
Tue June 26, 2012

The Economics Of Gambling

Originally published on Tue June 26, 2012 6:25 am

All but a few states now have some type of commercial gaming. New Jersey and California have taken steps toward legalizing gambling on all sports, while Massachusetts is looking at allowing the first casinos to be built in that state. Boston College economist and author Richard McGowan talks to Renee Montagne about the economics behind the rapid expansion of gambling and casinos in America.

Business
2:58 am
Tue June 26, 2012

Business News

Originally published on Tue June 26, 2012 6:25 am

Transcript

STEVE INSKEEP, HOST:

NPR's business news starts with some yammering.

Microsoft is buying the tech startup Yammer for $1.2 billion, thus proving that you can get a 10 figure sales prices for a company called Yammer. It's the company's attempt to get a social network in its portfolio. Now Yammer, if you're not familiar with it, is like Facebook, but for businesses. It allows employees to see what colleagues in the same company are doing - in case you can't learn that at the water cooler.

Business
2:58 am
Tue June 26, 2012

The Last Word In Business

Originally published on Tue June 26, 2012 6:25 am

Visitors to the online travel agency Orbitz see different results depending on what kind of computer they're using, according to The Wall Street Journal. Users of Apple computers are seeing more expensive options than those who search for hotels using a PC.

Around the Nation
2:58 am
Tue June 26, 2012

License Plate Readers Spark Privacy Concerns

Originally published on Tue June 26, 2012 6:25 am

Transcript

RENEE MONTAGNE, HOST:

Chances are that your car's license plate has been photographed recently and downloaded into a data bank. The leading vendor of automated license plate readers says they're now used in nearly every state. Police say they fight crime, but there are privacy concerns about the new technology, as Charlotte Alright reports from Vermont Public Radio.

(SOUNDBITE OF CAR STARTING)

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Around the Nation
2:58 am
Tue June 26, 2012

Maryland Live! The Latest Addition To East Coast Casinos

Originally published on Tue June 26, 2012 6:25 am

When the $500 million development is finished in October, it will have more slot machines than either the MGM Grand or Bellagio in Las Vegas. But gaming in the North East region, which includes Delaware, West Virginia, Pennsylvania and Atlantic City, might be outgrowing its customer base.

All Tech Considered
5:40 pm
Mon June 25, 2012

Facebook Changed Your Primary Email Address, But Says It Warned You

Facebook recently changed all its users' primary email addresses.
Leon Neal AFP/Getty Images

Originally published on Tue June 26, 2012 6:28 am

A key change was made to your Facebook profile recently that you may not have noticed yet. Facebook has replaced the primary email address users entered in their profile contact information with brand-new @facebook.com addresses. These addresses allow you to email external accounts from your Facebook inbox. Forbes first noticed the change:

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The Two-Way
4:35 pm
Mon June 25, 2012

Facebook Names Sheryl Sandberg To Board

Facebook Chief Operating Officer Sheryl Sandberg was named Monday to the company's board of directors. Sandberg is the first woman on Facebook's board.
Vincenzo Pinto AFP/Getty Images

Originally published on Tue June 26, 2012 4:43 am

Facebook now has a woman on its board of directors: The company announced Monday that Chief Operating Officer Sheryl Sandberg would join the board.

Sandberg, the company's No.2 executive, was hired away from Google in 2008.

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Shots - Health Blog
3:40 pm
Mon June 25, 2012

Could Kaiser Permanente's Low-Cost Health Care Be Even Cheaper?

George Halvorson, chairman and CEO of Kaiser Permanente, speaks during a session at the World Economic Forum in Davos, Switzerland, in 2009.
Michel Euler AP

Originally published on Tue June 26, 2012 3:27 pm

Kaiser Permanente rose out of Henry J. Kaiser's utopian, industrialist dream.

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All Tech Considered
3:13 pm
Mon June 25, 2012

9 Powerful Moments In The Day Of A Viral Web Editor At BuzzFeed

Audie Cornish NPR

Originally published on Tue June 26, 2012 3:27 pm

NPR's Audie Cornish recently spent a day at the offices of BuzzFeed, the popular social news site, to find out how Web content goes viral.

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Planet Money
1:31 pm
Mon June 25, 2012

Video Game Company Hires Economist To Study Virtual Worlds

Inside Team Fortress 2
Valve YouTube

Originally published on Tue June 26, 2012 9:28 am

Say you've spent years studying the real economy, with all its messiness and uncertainty. Then you stumble into a world where there's a record of everything everyone has ever done.

This, more or less, is what just happened to Yanis Varoufakis.

"It's like being omniscient," Varoufakis told me. "It's mesmerizing."

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Shots - Health Blog
11:14 am
Mon June 25, 2012

Dropping Legal Barriers Doesn't Guarantee Interstate Insurance Sales

Small business owner Brian Mayfield has been eager for less expensive health insurance options. It looks like he'll have to wait a little longer.
Jim Burress WABE, Atlanta

Originally published on Mon June 25, 2012 5:05 pm

Starting next week, any health insurer licensed in Georgia can sell policies it offers in other states to Georgians. That includes policies that don't meet minimum standards for coverage in Georgia.

They'll be OK for sale under a new state law that aims to increase competition and lower prices for health insurance in the state.

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The Salt
10:08 am
Mon June 25, 2012

Struggling Dairy Farmers Find A 'Moo' Business Model

Laura Chase, a member of the MOOMilk dairy cooperative, sweeps her barn in a film still from documentary, Betting The Farm.
Pull-Start Pictures

A year and a half after Aaron Bell lost his contract to sell milk to H.P. Hood LLC from his 45 cow dairy operation in Edmunds, Maine, he found himself leaving a voicemail with his lease agent.

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Sports
3:31 am
Mon June 25, 2012

Worried By The Debt Crisis, Soccer Distracts Europe

Originally published on Mon June 25, 2012 11:37 am

Transcript

STEVE INSKEEP, HOST:

You know, if you're weighed down by worry, you find a distraction. That at least is what Europeans are doing amid their economic trouble. They've been turning to their favorite sport - soccer. This weekend saw the last two Euro 2012 quarterfinals. This is a huge competition viewed in Europe, as second only to the World Cup. NPR's Philip Reeves of course has been following the action. He's on the line from London.

Hi, Phil.

PHILIP REEVES, BYLINE: Hi.

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Business
3:13 am
Mon June 25, 2012

The Last Word In Business

Originally published on Mon June 25, 2012 11:37 am

Transcript

STEVE INSKEEP, HOST:

And today's last word in business takes a look at what happens when devices make a big hit in the water.

A couple of years ago, I jumped in a pool with my daughter, and we were in that pool quite some time before I realized that my phone had come with me - my late phone.

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Education
3:13 am
Mon June 25, 2012

N.C. School Districts Fight Online Charter School

Originally published on Mon June 25, 2012 11:37 am

Transcript

STEVE INSKEEP, HOST:

A lot of taxpayer money is at stake in this next story. The number of public charter schools is growing. When they attract students, they also attract public funding - and that is also true when the charter school is an online school.

One dominant force in creating online charter schools is a company called K-12. Now, traditional school districts are fighting the company's efforts to set up a virtual academy.

Here's Dave DeWitt of North Carolina Public Radio.

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Business
3:13 am
Mon June 25, 2012

Google Expected To Delve Into Tablet Computers

Originally published on Mon June 25, 2012 11:37 am

Transcript

RENEE MONTAGNE, HOST:

Google will host thousands of Android app developers this week at its annual conference. And there are rumors Google will also unveil its own tablet computer to compete with Apple's iPad.

NPR's Steve Henn has more.

STEVE HENN, BYLINE: Last week, Microsoft announced it was getting into the hardware business and unveiled the Surface - its new tablet computer.

Carolina Milanesi, who covers consumer devices at Gartner, says we are seeing a trend.

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NPR Story
3:13 am
Mon June 25, 2012

Georgia To Begin Sales Of Cross-State Health Insurance Policies

Originally published on Tue June 26, 2012 2:57 pm

Transcript

STEVE INSKEEP, HOST:

We're expecting soon to learn Supreme Court decisions on two gigantic cases. One case involves the Arizona immigration law. The federal government has challenged that law as an intrusion into federal authority.

RENEE MONTAGNE, HOST:

Justices are also deciding the constitutionality of President Obama's health care law. The main challenge is to the individual mandate, which after 2014 would require most people to get health insurance or pay a fine.

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