Business

Business
2:29 am
Wed June 6, 2012

States End Extended Benefits Despite Dismal Economic Outlook

Originally published on Thu June 14, 2012 10:07 am

Transcript

DAVID GREENE, HOST:

So far this year, 25 states have ended the Extended Benefits program. That program made sure people out of work for long periods of time continued receiving financial assistance. But there was a catch: if a state's unemployment rate improved, the money would stop flowing. The fact that some states are seeing lower unemployment may seem like a good sign for the economy. It's no comfort to the people who are still out of work.

Susie An from WBEZ in Chicago has that story.

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Business
2:29 am
Wed June 6, 2012

The Last Word In Business

Originally published on Thu June 14, 2012 10:07 am

Transcript

RENEE MONTAGNE, HOST:

And our last word in business this morning is: litigious days.

(SOUNDBITE OF "HAPPY DAYS" THEME SONG)

MONTAGNE: That, of course, is the theme from "Happy Days," the hit sitcom from the 1970s and '80s. These days, not everyone is so happy. Several cast members from the show are battling with CBS and Paramount, for unpaid royalties.

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Business
2:29 am
Wed June 6, 2012

Spain's Industrial Output Falls In April

Originally published on Thu June 14, 2012 10:07 am

Transcript

DAVID GREENE, HOST:

NPR's business news starts with yet another setback for Spain.

(SOUNDBITE OF MUSIC)

Business
2:29 am
Wed June 6, 2012

Auto Industry Bailout Remains Political Hot Button Issue

Originally published on Thu June 14, 2012 10:07 am

Transcript

RENEE MONTAGNE, HOST:

And the U.S. bailout of General Motors and the auto industry in 2009 has worked its way into the presidential campaign. Republican Mitt Romney says he'd sell the government stock in GM quickly if he wins the White House. A White House spokesman counters that Romney isn't credible on the issue, since he opposed the bailout that rescued the industry.

NPR's Sonari Glinton has the story.

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Economy
2:29 am
Wed June 6, 2012

Europe's Debt Crisis Contributes To Lower U.S. Exports

Originally published on Thu June 14, 2012 10:07 am

Transcript

DAVID GREENE, HOST:

And let's turn to the issue that is front and center this election year - the economy. Austerity measures aimed at curing Europe's debt crisis have thrown a number of eurozone countries into recession. The threat of defaults in Greece and even larger countries like Spain have rattled U.S. financial markets, and President Obama recently said that Europe's troubles are casting a shadow over the U.S. economy.

To better understand what the president is talking about, we brought in NPR economics correspondent John Ydstie.

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Planet Money
12:56 am
Wed June 6, 2012

Why Does The Mortgage-Interest Tax Deduction Still Exist?

Alex Brandon AP

Originally published on Thu June 14, 2012 10:07 am

This is the latest story in our series on money in politics.

If you have a mortgage on your home, you can deduct the interest from your taxes. It's a popular, well-entrenched policy. But according to one policy adviser to a U.S. senator, "the mortgage-interest deduction, from a purely policy perspective ... makes no sense."

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All Tech Considered
5:02 pm
Tue June 5, 2012

Apple To Google Maps: We Have Our Own App For That

Apple's late CEO, Steve Jobs, discusses the Google Maps application for the iPhone during the Macworld Convention and Expo in San Francisco in 2008.
Robert Galbraith Reuters /Landov

Originally published on Tue June 5, 2012 6:25 pm

There's been speculation for months that Apple will try to elbow Google's popular Maps app aside on the iPhone and unveil its own map app, and some of the best evidence yet comes from Tuesday's Wall Street Journal.

The paper looked into the reasons for the impending switch and the broader implications it would have for the smartphone market.

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Technology
3:14 pm
Tue June 5, 2012

Apple, Google Battle Over Mobile Maps

Audie Cornish talks about the escalating war with mobile maps between Google and Apple with Jessica Vascellaro, senior technology reporter for The Wall Street Journal.

It's All Politics
2:32 pm
Tue June 5, 2012

How Accurate Is Obama's Attack On Romney's Jobs Record?

Mitt Romney talks about his plan for creating jobs at a 2011 campaign speech in Las Vegas.
Julie Jacobson AP

Originally published on Tue June 5, 2012 5:53 pm

A new Obama campaign ad says the Massachusetts economy actually fared poorly during Republican presidential candidate Mitt Romney's four years as governor, challenging the notion that Romney knows how to fix the nation's ailing economy.

The ad says that between 2003 and 2007, Massachusetts had one of the worst economic records in the country, lost 40,000 manufacturing jobs at "a rate twice the national average, and fell to 47th in job creation."

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The Two-Way
10:38 am
Tue June 5, 2012

In Poll, Facebook Users Say They Are Not Swayed By Its Advertisements

Facebook's logo.
Emmanuel Dunand AFP/Getty Images

It's more bad news for Facebook today. A poll by Reuters/Ipsos found that most of its users are not swayed by its advertisements.

Four out of five users surveyed said they had never bought a product based on advertising they saw on the network. What's more, the online poll revealed that "34 percent of Facebook users surveyed were spending less time on the website than six months ago, whereas only 20 percent were spending more."

Reuters reports:

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Economy
10:37 am
Tue June 5, 2012

Growing Economic Inequality 'Endangers Our Future'

iStockphoto.com

Originally published on Tue June 5, 2012 12:45 pm

Nobel Prize-winning economist Joseph Stiglitz grew up in Gary, Ind. — a city that has weathered many economic storms over the past half-century.

Stiglitz went on to study at Amherst College and MIT, where he received a Ph.D. in economics. He later served on and chaired President Clinton's Council of Economic Advisers and became the chief economist at the World Bank. But even as a child, Stiglitz says, he noticed ways in which the markets weren't working.

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Business
3:40 am
Tue June 5, 2012

Obama Courts Female Voters With Fair Pay Bill

Transcript

RENEE MONTAGNE, HOST:

And the Senate votes today on legislation aimed at shrinking the pay gap between men and women. It's called the Paycheck Fairness Act.

NPR's Ari Shapiro reports President Obama is using the bill as a tool in the 2012 campaign.

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Television
3:29 am
Tue June 5, 2012

'GMA' Makes Morning Show Ratings Competitive

Originally published on Tue June 5, 2012 4:33 am

Transcript

RENEE MONTAGNE, HOST:

You might say there's a tectonic shift going on in morning television. TV critic Eric Deggans says that ABC's "Good Morning America" is doing something that seemed unthinkable for more than a decade: it is rocking NBC'S "Today Show" off its ratings pedestal.

ERIC DEGGANS: Even "Today" show co-host Matt Lauer admits it.

MATT LAUER: The show is not where I want it to be right now. The ratings are not where I want them to be right now.

DONNY DEUTSCH: Where do you want to be right now?

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Business
3:29 am
Tue June 5, 2012

Business News

Originally published on Tue June 5, 2012 4:57 am

Transcript

(SOUNDBITE OF MUSIC)

DAVID GREENE, HOST:

NPR's business news starts with Disney delving into nutrition.

Today, Disney comes out with nutritional standards for food advertised across its platforms. The company has taken flack for contributing to the obesity epidemic by airing ads for junk food that targets kids.

This move marks a dramatic change, but the company's chairman told The New York Times, quote, "this is not altruistic; this is about smart business." Transcript provided by NPR, Copyright National Public Radio.

Business
3:29 am
Tue June 5, 2012

Heralded Facebook Shares Fail To Impress

Transcript

DAVID GREENE, HOST:

Facebook's stock has fallen more than 25 percent since the company went public less than a month ago. What was hyped as the biggest technology IPO in history has quickly become a black eye for both Wall Street banks and Facebook itself.

But that does not necessarily mean that the company will move quickly to appease investors, as NPR's Steve Henn explains.

STEVE HENN, BYLINE: Nelly Sia-Palm(ph) bought $1,000 dollars in Facebook stock on its very first day of trading.

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NPR Story
3:10 am
Tue June 5, 2012

The Last Word In Business

Originally published on Tue June 5, 2012 5:05 am

Transcript

RENEE MONTAGNE, HOST:

And our last word in business this morning is: Jubilation.

Hundreds of thousands of Britons gathered outside Buckingham Palace last night for the Diamond Jubilee concert, celebrating the queen's 60-year reign. The evening offered a break from Britain's bad economic news and another opportunity to rebrand positively the Royal Family.

DAVID GREENE, HOST:

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The Record
3:44 pm
Mon June 4, 2012

There's No Such Thing As A Sold Out Concert (Even For Justin Bieber)

Over the weekend, Justin Bieber's 45-city fall tour sold out in an hour.
Kevin Winter Getty Images

Originally published on Tue September 18, 2012 5:44 pm

This weekend, as Billboard has reported, tickets for Justin Bieber's tour of the United States and Canada sold out in an hour. Not just one venue. The whole tour. All of the tickets. Completely.

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Planet Money
3:14 pm
Mon June 4, 2012

'Today,' 'Tomorrow,' and Nine Other Words You Can't Search For In China

A Chinese protester, calling for an end to the violence against pro-democracy demonstrators at Tiananmen Square, blocks a line of tanks on June 5, 1989.
Jeff Widner AP

Originally published on Mon June 4, 2012 3:20 pm

A weird coincidence has led the Chinese government to block certain Internet searches for "Shanghai Composite Index," the country's big stock exchange.

Twenty-three years ago today — June 4, 1989 — the Chinese government began its violent crackdown on protesters in Tiananmen Square. The Shanghai Stock Exchange fell by 64.89 points on Monday — a number that evokes 6/4/89, the date of the crackdown.

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Media
3:08 pm
Mon June 4, 2012

Fixture In Talk Radio Handing Reins To Herman Cain

Originally published on Mon June 4, 2012 5:44 pm

Transcript

ROBERT SIEGEL, HOST:

Conservative talk radio host Neal Boortz announced this morning that he is retiring after more than 40 years on the air.

(SOUNDBITE OF RADIO SHOW)

UNIDENTIFIED MAN: Flying high for decades, Boortz is reaching for the rip cord. But until he's on final approach, the oratorical aerobatics continue. It's the Boortz Happy Ending.

SIEGEL: Boortz has been broadcasting since Richard Nixon was president. And he says he's giving up his nationally syndicated program on WSB Radio in Atlanta because it's too restrictive.

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American Dreams: Then And Now
1:54 pm
Mon June 4, 2012

After The Housing Bust, Revisiting Homeownership

Nationwide, home sales are up, mortgage rates are down and in many places, owning a home is as attractive as renting for the first time in years.
Chris O'Meara AP

Originally published on Mon June 4, 2012 5:44 pm

For generations, owning a home has been a key part of the lifestyle most Americans aspire to. But when the mortgage crisis exploded in 2007, it brought down the U.S. housing market — and the entire economy along with it.

The ensuing recession was an assault on the American dream of homeownership itself. The tidal wave of foreclosures, the crash in home prices and tighter lending standards have left some Americans unable or simply too nervous to buy a house.

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All Tech Considered
1:22 pm
Mon June 4, 2012

Do These Pants Make Me Look ... ? Body Scans For A Better Fit

OptiTex creates digital models of clothes for department stores like Target and Kohl's. These computer designs let stores create or tweak new styles without actually stitching prototype garments.
OptiTex

Originally published on Mon June 4, 2012 5:44 pm

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The Two-Way
12:19 pm
Mon June 4, 2012

Report: Facebook Weighing Access For The Under 13 Crowd

Originally published on Mon June 4, 2012 1:14 pm

Perhaps in a effort to widen its reach, Facebook is exploring ways in which to officially open up its services to kids younger than 13.

That's what The Wall Street Journal reported today adding that Facebook is already used by millions of kids who lie about their age.

The Journal reports:

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The Two-Way
9:54 am
Mon June 4, 2012

Latest Sign Of Slowing: Factory Orders Fell In April

The word from the Census Bureau that orders for manufactured goods fell 0.6 percent in April from March — the second straight monthly decline — is in line with other reports that signal the economy "may suffer a swoon yet not slip into a recession," Bloomberg News writes.

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The Salt
9:16 am
Mon June 4, 2012

Small-Scale Slaughterhouses Aim To Put The 'Local' Back In Local Meat

This cow may have been raised for food on a farm near you, but it may not necessarily have been processed nearby
suzettesuzette Flickr.com

Originally published on Mon June 4, 2012 1:07 pm

It's hard to go a day without hearing people brag about how they eat local. In-the-know consumers wax poetic about their local farmers' markets, and some even make pilgrimages to meet their rancher, visit cows grazing and see pigs playing happily in the mud.

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Business
3:26 am
Mon June 4, 2012

After A Decade, LeMay Car Museum Opens In Tacoma

Originally published on Mon June 4, 2012 9:10 am

Transcript

DAVID GREENE, HOST:

And for our last word in business today, we go to Tacoma, Washington, home to what is now the newest and largest automobile museum in the country. It just opened over the weekend.

David Madeira is chief executive of LeMay, America's Car Museum. Madeira says part of the museum's largest label is based on exhibition space. It has 165,000 square feet in the four-story building.

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Business
3:26 am
Mon June 4, 2012

Business News

Originally published on Mon June 4, 2012 9:10 am

Transcript

DAVID GREENE, HOST:

NPR's business news starts with some good news for Spain.

(SOUNDBITE OF MUSIC)

Economy
3:26 am
Mon June 4, 2012

EU Officials Try Keep Eurozone From Going Down The Tubes

Originally published on Mon June 4, 2012 9:10 am

Transcript

RENEE MONTAGNE, HOST:

We have just come from a week when officials of the European Union openly warned of the possible downfall of the euro. Billionaire investor George Soros has gone even further. He says the euro crisis could bring down the entire E.U. Teri Schultz reports from Brussels.

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Around the Nation
3:26 am
Mon June 4, 2012

Branson's Shows Go On Despite Tornado Damage

Originally published on Mon June 4, 2012 9:10 am

Transcript

DAVID GREENE, HOST:

The summer tourism season is what keeps Branson, Missouri thriving. Last year, Branson's live music venues helped draw more than seven million visitors. And so when a tornado tore through the city's popular strip this past February, Branson's future seemed uncertain. As Missy Shelton of member station KSMU reports, city leaders are working hard to let people know that Branson is open for business.

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Business
3:26 am
Mon June 4, 2012

Unemployment Followup

Originally published on Mon June 4, 2012 9:10 am

Transcript

RENEE MONTAGNE, HOST:

From jobseekers in Spain, we turn to those here in the U.S. The latest employment numbers revealed that there are still many more Americans looking for work than there are our jobs that need filling. The May jobs report showed the economy added an anemic 69,000 jobs - about half the number that were added in April. Yet, here's the paradox: Despite the high number of people seeking jobs, many employers insist they can't find the right person for the exact positions they have open.

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Crisis In The Housing Market
12:45 am
Mon June 4, 2012

A Waiting Game For Homeowners Trying To Sell Short

Cathy Yamauchi has been waiting since Thanksgiving to hear from her mortgage lender regarding a short sale of her home in Ramsey, Minn. She is planning to move to a townhome, but is mostly living out of boxes while waiting on the short sale.
Jennifer Simonson MPR

Originally published on Mon June 4, 2012 9:10 am

Banks are often accused of dragging their feet when a homeowner wants to sell for less than the balance on the mortgage. A lot of those "short sales" might be better dubbed "really long and drawn out" sales. New federal guidelines, though, could now push lenders to approve short sales faster.

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