Business

Business
2:10 pm
Tue July 1, 2014

Hobby Lobby Ruling Raises A Question: How To Define 'Closely Held'?

Originally published on Tue July 1, 2014 5:37 pm

Transcript

ROBERT SIEGEL, HOST:

The Supreme Court ruled yesterday that closely held companies may, for religious reasons, opt out of paying for their workers' contraception. Closely held is the key phrase, here. And as NPR's Yuki Noguchi reports, it's a phrase that is now being closely examined.

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The Two-Way
12:57 pm
Tue July 1, 2014

FTC Alleges T-Mobile Charged Customers Millions In Bogus Charges

Originally published on Tue July 1, 2014 5:49 pm

The Federal Trade Commission filed a complaint on Tuesday, alleging that wireless provider T-Mobile made hundreds of millions of dollars on bogus charges against its customers.

Essentially, the FTC claims that T-Mobile knew that its customers never ordered text message subscriptions for things like "flirting tips, horoscope information or celebrity gossip," but it still continued to charge them $9.99 a month for the service.

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The Salt
11:35 am
Tue July 1, 2014

'The Great Fish Swap': How America Is Downgrading Its Seafood Supply

Paul Greenberg says the decline of local fish markets, and the resulting sequestration of seafood to a corner of our supermarkets, has contributed to "the facelessness and comodification of seafood."
J. Scott Applewhite AP

Originally published on Thu July 3, 2014 10:09 am

What's the most popular seafood in the U.S.? Shrimp. The average American eats more shrimp per capita than tuna and salmon combined. Most of that shrimp comes from Asia, and most of the salmon we eat is also imported. In fact, 91 percent of the seafood Americans eat comes from abroad, but one-third of the seafood Americans catch gets sold to other countries.

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Money Coach
11:25 am
Tue July 1, 2014

To Get Kids To Save Their Summer Money, Turn To 'Simple Lessons'

Originally published on Tue July 1, 2014 12:20 pm

Transcript

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Business
10:00 am
Tue July 1, 2014

Own A South Dakota Prairie Town For $400,000

Originally published on Tue July 1, 2014 12:24 pm

Transcript

RENEE MONTAGNE, HOST:

And that brings us to the last word in Business which is no sweat. You too can own a piece of the old American frontier.

DAVID GREENE, HOST:

An entire town nestled in the flat prairie lands of South Dakota is up for sale for $400,000. You can own Swett - S, W, E, T, T - Swett, South Dakota.

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Business
9:55 am
Tue July 1, 2014

GM Recalls Another 8.5 Million Vehicles

Originally published on Tue July 1, 2014 12:24 pm

Transcript

DAVID GREENE, HOST:

Shots - Health News
6:55 am
Tue July 1, 2014

Skimpier Health Plans Could Impose Big Out-Of-Pocket Costs

iStockphoto

Originally published on Tue July 1, 2014 1:02 pm

People are worried about being able to pay for health insurance. So the insurance industry and a group of Democratic senators have proposed offering cheaper, skimpier "copper plans" on the health law's marketplaces that could draw in people who were unhappy with the cost of available plans.

But consumer advocates and others who study the insurance market suggest that there may not be a big demand for these plans and that they could expose people to unacceptably high out-of-pocket costs if they got sick.

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Law
3:21 am
Tue July 1, 2014

High Court's Contraception Ruling Draws Strong Reactions

Originally published on Tue July 1, 2014 12:24 pm

Transcript

RENEE MONTAGNE, HOST:

Now we get your reaction to both the Supreme Court decisions - first, to the ruling that some businesses can cite religion to opt out of covering contraceptives under the new health care law. NPR's Jennifer Ludden reports.

JENNIFER LUDDEN, BYLINE: In Chicago, a few dozen abortion rights opponents gathered to celebrate the decision as a victory for religious liberty. Emily Zender is with Illinois Rights Alive.

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Law
3:21 am
Tue July 1, 2014

Supreme Court Wraps Up Term Issuing 2 Major Decisions

Originally published on Tue July 1, 2014 12:24 pm

Transcript

DAVID GREENE, HOST:

This is MORNING EDITION from NPR News. Good morning. I'm David Greene.

RENEE MONTAGNE, HOST:

And I'm Renee Montagne. The U.S Supreme Court has wrapped up its latest term, issuing two important decisions. One is a setback for the Affordable Care Act and a victory for some for-profit companies.

GREENE: The other decision is a major defeat for public employee unions. We'll hear reaction to both decisions in a few minutes. We begin our coverage with NPR legal affairs correspondent Nina Totenberg.

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Business
3:21 am
Tue July 1, 2014

Supreme Court Ruling Draws Attention To Business Lingo

Originally published on Tue July 1, 2014 12:24 pm

Transcript

DAVID GREENE, HOST:

The U.S. Supreme court ruled yesterday that the owners of closely held for-profit corporations, like Hobby Lobby, the chain of stores that brought the case, do not have to cover FDA-approved contraceptives in their employee health insurance.

RENEE MONTAGNE, HOST:

In this decision, the words closely held stood out. What does closely held actually mean? While the IRS offers a long technical definition, we wanted a simpler one.

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Business
3:21 am
Tue July 1, 2014

Supreme Court Refuses To Hear Oyster Farm's Appeal

Originally published on Tue July 1, 2014 12:24 pm

Transcript

DAVID GREENE, HOST:

We reported recently on the Drake's Bay Oyster Company. It's an oyster farm that operates out of the Point Reyes National Seashore in Northern California.

RENEE MONTAGNE, HOST:

For decades, the family-run farm leased offshore seabeds from the federal government, but their 40 year lease expired in 2012.

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Business
3:21 am
Tue July 1, 2014

French Bank To Pay $8.83 Billion In Sanctions Probe

Originally published on Tue July 1, 2014 12:24 pm

Transcript

RENEE MONTAGNE, HOST:

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Law
3:21 am
Tue July 1, 2014

Some Home Care Workers May Avoid Bargaining Fees, Court Rules

Originally published on Tue July 1, 2014 12:24 pm

Transcript

DAVID GREENE, HOST:

And let's turn now to NPR's Cheryl Corley in Chicago. She's been listening to a reaction to the Supreme Court ruling that non-union home healthcare workers no longer have to pay union fees.

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The Two-Way
5:04 pm
Mon June 30, 2014

BNP Paribas Agrees To Pay $8.83 Billion In Sanctions Probe

Originally published on Mon June 30, 2014 6:00 pm

Representatives for the French bank BNP Paribas pleaded guilty on Monday and agreed to pay $8.83 billion over allegations that it violated U.S. sanctions laws by facilitating transactions involving Sudan, Cuba and Iran.

The Wall Street Journal reports:

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Business
4:46 pm
Mon June 30, 2014

How Many Companies Will Be Touched By Court's Contraception Ruling?

The Supreme Court said protecting the free-exercise rights of owners of corporations, such as Hobby Lobby Stores, protects religious liberty.
Ed Andrieski AP

When the Supreme Court ruled Monday that "closely held" corporations don't have to pay for workers' contraception, you may have assumed the decision applied only to family-owned businesses.

Wrong. An estimated 9 out of 10 businesses are "closely held."

However, some benefits experts question just how many of those companies would want to assert religious views.

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News
4:20 pm
Mon June 30, 2014

BNP Paribas Agrees To Nearly $9 Billion Fine And Admission Of Guilt

Originally published on Mon June 30, 2014 5:30 pm

Transcript

MELISSA BLOCK, HOST:

Banking giant BNP Paribas has agreed to pay American regulators nearly $9 billion dollars to settle charges of economic sanctions violations. It's the largest such fine ever imposed by the U.S. The bank will plead guilty to two criminal charges. It was accused of helping clients in Sudan, Cuba and Iran conduct business in the United States. NPR's Jim Zarroli reports.

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Business
2:17 pm
Mon June 30, 2014

In GM's Payout Plan, End Of The Road Is A Long Way Off

Originally published on Mon June 30, 2014 5:01 pm

Transcript

MELISSA BLOCK, HOST:

This is ALL THINGS CONSIDERED from NPR News I'm Melissa Block.

ROBERT SIEGEL, HOST:

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Law
11:32 am
Mon June 30, 2014

Supreme Court Ruling Affirms Hobby Lobby Victory

Transcript

RENEE MONTAGNE, HOST:

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The Two-Way
10:36 am
Mon June 30, 2014

Details Of GM Recall Compensation Plan Released

GM has released details about its compensation fund for victims of a fatal safety flaw in its ignition switches. The Chevrolet Cobalt is one of several GM models that were recalled over the flaw.
David Zalubowski AP

Originally published on Mon June 30, 2014 12:38 pm

A fund established by GM to pay claims related to defective ignition switches won't limit claim amounts and will include people who have already settled a case with the carmaker. Those and other details about the long-awaited compensation plan were announced by plan administrator Kenneth Feinberg on Monday.

"GM basically has said, whatever it costs to pay all eligible claims under the protocol, they will pay it," Feinberg said.

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The Two-Way
8:21 am
Mon June 30, 2014

Supreme Court Rules Against Union Fees For Some Home Care Workers

Originally published on Mon June 30, 2014 9:40 am

Updated at 10:48 a.m. ET

The Supreme Court ruled Monday that some public employees cannot be required to contribute to unions.

In a 5-4 ruling split along ideological lines, the court recognized a category of "partial public employees" who cannot be required to contribute union bargaining fees. The court said the current practice, which permits automatic deductions, violates the First Amendment rights of those nonmembers who disagree with the union's positions.

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The Two-Way
8:19 am
Mon June 30, 2014

Some Companies Can Refuse To Cover Contraception, Supreme Court Says

Customers enter a Hobby Lobby store in Antioch, Calif., this past spring. The Supreme Court is ruling on the crafts store chain's resistance to portions of the Affordable Care Act. The store's owners cite their religious freedom.
Justin Sullivan Getty Images

Originally published on Mon June 30, 2014 11:54 am

The Supreme Court has ruled that family owned and other closely held companies can opt out of the Affordable Care Act's provisions for no-cost prescription contraception in most health insurance if they have religious objections.

The owners of the Hobby Lobby chain of arts and crafts stores and those of another closely held company, Conestoga Wood Specialties Corp., had objected on the grounds of religious freedom.

The ruling affirms a Hobby Lobby victory in a lower court and gives new standing to similar claims by other companies.

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Business
5:38 am
Mon June 30, 2014

GM To Announce Compensation Plan For Faulty Ignition Switches

Originally published on Mon June 30, 2014 11:32 am

Transcript

Law
3:06 am
Mon June 30, 2014

Supreme Court To Rule On Hobby Lobby Contraception Case

Originally published on Mon June 30, 2014 11:32 am

Transcript

DAVID GREENE, BYLINE: Here in Washington, the U.S. Supreme Court wraps up its term today. And once again, we are waiting for a major decision on the Affordable Care Act. The High Court is set to rule on whether the health insurance that for-profit employers offer to their workers has to include birth control even if the employer has a religious objection. Our colleague Steve Inskeep spoke to NPR White House correspondent Scott Horsley about the case.

STEVE INSKEEP, HOST:

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NPR Story
2:59 am
Mon June 30, 2014

British Pop Star Donates Alamo Artifacts

Originally published on Mon June 30, 2014 11:32 am

Transcript

DAVID GREENE, BYLINE: And our last word in Business today is, (singing) I can see it coming to the Alamo tonight.

RENEE MONTAGNE, HOST:

Last week the owner of the largest private collection of artifacts from the Alamo turned them over in a ceremony at the site of the epic 1836 battle.

(SOUNDBITE OF ARCHIVED RECORDING)

JERRY PATTERSON: Give a huge, ruckus, boisterous welcome to our friend Mr. Phil Collins.

(APPLAUSE)

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NPR Story
2:59 am
Mon June 30, 2014

Delta, Alaska Airlines Fight For Market Share In Seattle

Originally published on Mon June 30, 2014 11:32 am

Transcript

DAVID GREENE, HOST:

In the airline industry, we've gone through a period of mergers, consolidation and downsizing. Because of all this, some airlines have had to disappoint cities. They've stopped using them as hubs, which brings us something unusual at Seattle-Tocoma International Airport. The Northwest News Network's Tom Banse reports that Delta Air Lines has made it its newest hub.

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Parallels
1:43 am
Mon June 30, 2014

In Shetland, Oil Shapes Debate Over Scottish Independence

Scotland's offshore oil platforms in the North Sea generate significant wealth for the nation — especially for the Shetland Islands, where oil tanker traffic boosts the local economy.
Andy Buchanan - WPA Pool Getty Images

Originally published on Mon June 30, 2014 11:32 am

In September, Scotland will vote on whether to break away from the United Kingdom and declare independence.

So far, the debate has been largely about money: One poll says most voters would switch their vote if it meant an extra 500 pounds, or around $800 dollars.

North Sea oil and gas are central to this economic debate — nowhere more so than in the remote Shetland Islands, many miles from the Scottish mainland, where tankers carrying North Sea oil come ashore. The oil has transformed both the local and national economy.

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Shots - Health News
1:25 am
Mon June 30, 2014

Online Psychotherapy Gains Fans And Raises Privacy Concerns

Katherine Streeter for NPR

Originally published on Mon June 30, 2014 11:32 am

Lauren Kay has never met her therapist in person. The 24-year-old entrepreneur found it difficult to take time off work for appointments.

So she started seeing a psychotherapist online.

"It's definitely been different," she says. Kay, who lives in New York, found her counselor through an online therapy service called Pretty Padded Room. When it's time for an appointment, all she has to do is log in to the website, click a link and start video chatting.

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Environment
1:24 am
Mon June 30, 2014

Drought Has Drillers Running After Shrinking California Water Supply

Juan de La Cruz operates a drilling rig that is probing for groundwater 2,500 feet beneath Fresno County.
Sasha Khokha for NPR

Originally published on Mon June 30, 2014 1:02 pm

Steve Arthur practically lives out of his truck these days.

He runs one of Fresno's busiest well-drilling companies, and hustles up and down the highway to check on drilling rigs that run 24 hours a day.

"It's officially getting crazy," Arthur says. "We go and we go, but it just seems like we can't go fast enough."

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Business
4:45 pm
Sun June 29, 2014

For Tipped Workers, A Different Minimum Wage Battle

States may have their own higher wage laws, but the federal minimum wage for tipped workers is $2.13 an hour.
AP

Originally published on Mon June 30, 2014 6:14 am

The federal minimum wage for tipped workers has been $2.13 since 1991. That pay rate tends to get lost in the larger debate over whether to raise the national minimum wage for nontipped workers, which is $7.25 an hour.

In theory, the money from tips should make up the difference in pay — and then some. But according to a White House report, tipped workers are more than twice as likely as other workers to experience poverty.

Living On Tips

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U.S.
3:05 pm
Sun June 29, 2014

Employees' Pay Cut By Denied Overtime, Deductions For Equipment

Originally published on Sun June 29, 2014 4:11 pm

Thousands of Americans each year lose portions of their wages to wage theft. NPR's Arun Rath talks with Tia Koonse, of the UCLA Labor Center, about efforts to curtail the problem.

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