Business

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

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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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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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.

Economy
10:31 am
Sun June 29, 2014

Housing Market Fake-Outs Stump Economists

Homebuilding remains slumped at levels not seen since WWII.
Mike Groll AP

Originally published on Sun June 29, 2014 1:13 pm

Many homebuyers have been throwing down cold hard cash for their entire house purchase in recent years. Some are baby-boomers who sold a bigger house and are downsizing. Some are investors. Others are from outside the U.S.

"Top of the list in terms of cash sales in the first quarter was Florida, with 64 percent of all sales going to cash buyers, followed by New York, 59 percent; Alabama, 56 percent," says Daren Blomquist, vice president of RealtyTrac, which did a study on cash purchases.

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Media
8:54 am
Sun June 29, 2014

Advertisers Come Out Of The Closet, Openly Courting Gay Consumers

Boyfriends, or roommates? Decades ago, commercials like this 1997 Volkswagen Golf ad left homosexual relationships implied, in a sort of secret code. These days, gay-friendly advertisers don't feel the need to be covert.
YouTube

Originally published on Sun June 29, 2014 1:16 pm

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Business
2:59 pm
Sat June 28, 2014

Australia Joins Flood Of Global Investment In Silicon Valley

Originally published on Sat June 28, 2014 4:22 pm

Transcript

ARUN RATH, HOST:

If you're just joining us, it's ALL THINGS CONSIDERED from NPR West. I'm Arun Rath. Silicon Valley's dynamic and flush economy is attracting investors from all over the world. The Chinese e-commerce giant, Alibaba, has already invested millions into the ride-sharing company Lyft. Russian investors have large stakes in companies like Facebook and Twitter.

Now Australia is getting in on the action. Carlos Watson is the co-founder of the online magazine, Ozy. And he joins us now. Carlos, what kind of investments are we talking about here?

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Technology
2:59 pm
Sat June 28, 2014

Harley Hopes An Electric Hog Will Appeal To Young, Urban Riders

Harley-Davidson riders reveal Project LiveWire, the first electric Harley-Davidson motorcycle, during a ride across New York City's Manhattan Bridge on June 23.
Neilson Barnard Getty Images

Originally published on Sat June 28, 2014 4:22 pm

Many motorcycle riders covet the distinctive growl of a Harley-Davidson — and sometimes even add extra-loud exhaust pipes to amp up the sound.

But the motorcycle maker has now rolled out a prototype bike that makes more of a whisper than a rumble. It's a sporty-looking model called LiveWire, and it's powered by batteries.

Harley-Davidson plans to take its prototype electric motorcycle to more than 30 cities over the next few months. Sometime after that, the company will decide whether to put LiveWire on the market.

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Your Money
12:27 pm
Sat June 28, 2014

Being 'Rich' Is More Common Than You Think, At Least Temporarily

By the time they turn 60 years old, 21 percent of U.S. adults have enjoyed an annual household income of above $250,000 for at least one year of their working lives.
iStockphoto.com

We tend to think of income groups such as the "top 1 percent" as being relatively stable collectives, particularly in nations like the U.S. that, despite popular rhetoric, enjoy rather low levels of social mobility.

But the truth is more complicated, and more volatile. The average American's chances of attaining the American dream, at least in terms of a high income, are greater than you might think, but so are the odds of waking up from that dream.

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The Two-Way
9:25 am
Sat June 28, 2014

Following High Court Decision, Aereo Suspends Operations

Aereo, a Web service that provides television shows online, lost a Supreme Court case Wednesday, as the justices ruled it violates copyright law.
Andrew Burton Getty Images

Originally published on Sat June 28, 2014 9:47 am

Aereo, the company that lets subscribers watch TV stations' video that it routes onto the Internet, has decided to suspend its operation.

The decision comes a few days after the Supreme Court handed the company a major loss by ruling that, like cable companies, it was performing the work of television networks publicly.

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All Tech Considered
3:13 am
Sat June 28, 2014

Tech Week: Google's Plans, Aereo's Loss And Occupied Stalls

An attendee wears a Google Android Mascot hat during the Google I/O Developers Conference in San Francisco.
Stephen Lam Getty Images

It's officially summer, but there's no slowdown on the technology news front. Here's your weekly roundup of notable stories in tech, from the team at NPR and beyond.

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The Salt
3:39 pm
Fri June 27, 2014

Got Leftovers To Share? In Germany, There's A Website For That

Europeans throw away 90 million tons of food each year, including these vegetables pulled from waste bins of an organic supermarket in Berlin. A new German website aims to connect surplus food with people who want it.
Fabrizio Bensch Reuters /Landov

Originally published on Wed July 2, 2014 8:46 am

Child psychiatrist Vero Buschmann says she was looking for a way to get rid of leftovers without having to throw them away. At the same time, the Berlin resident wanted to meet new people.

She found a nonprofit website in Germany that allows her to do both. On a recent evening, her doorbell rings and she buzzes Franzi Zimmerman in to her fifth-floor apartment.

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The Two-Way
11:51 am
Fri June 27, 2014

U.K. Loses Big Vote On The Future Of Europe — Now What?

On the sidelines of the EU summit in Brussels, U.K. Prime Minister David Cameron said the choice of Jean-Claude Juncker to head the European Commission marks "a bad day for Europe."
John Thys AFP/Getty Images

Originally published on Fri June 27, 2014 12:30 pm

The European Union made history Friday by bringing three of Russia's neighbors — Ukraine, Georgia and Moldova — under its economic tent.

The eastward expansion of trade agreements will push European influence deep into a region that Russia would like to dominate. In light of recent Russian aggression in Ukraine, that's a big deal.

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The Salt
8:38 am
Fri June 27, 2014

Chemist With Visual Flair Answers Burning Food Science Questions

Courtesy of Compound Interest

Originally published on Fri June 27, 2014 1:24 pm

Chemistry teachers don't need to go the way of Breaking Bad's Walter White and make methamphetamine if they're looking for a compelling side gig.

Andy Brunning, a high school chemistry teacher in the U.K., makes beautiful infographics on everyday chemistry on his blog, Compound Interest. Thanks in part to the American Chemical Society, which has turned several of his posts into videos, his clever visuals have been going viral.

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Remembrances
3:17 am
Fri June 27, 2014

Howard Baker, Former Senate Majority Leader, Dies At 88

Originally published on Fri June 27, 2014 5:59 am

Former Senate Majority Leader and White House Chief of Staff Howard Baker died on Thursday at age 88. Baker was one of the key players in Ronald Reagan's historic tax and spending cuts.

Business
3:10 am
Fri June 27, 2014

Organist Celebrates 25 Years Playing Wanamaker Organ

Originally published on Fri June 27, 2014 5:59 am

Peter Conte has serenaded shoppers in Philadelphia for 2 shows a day, 6 days a week for more than 2 decades. On Saturday, those attending Wanamaker Organ Day will hear him and the refurbished organ.

Business
3:10 am
Fri June 27, 2014

White House To Extend Affordable Housing Program

Originally published on Fri June 27, 2014 5:59 am

Transcript

DAVID GREENE, HOST:

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