Business

NPR Story
2:58 am
Tue June 30, 2015

Congress Leaves For Recess Without Reauthorizing Export-Import Bank

Treasury Secretary Jacob Lew (center) speaks with (from left) Sen. Ben Cardin, D-Md., Ellicott Dredges GM Craig Murdock and CFO Joseph Wendel during a tour of the company's manufacturing facility in March. Lew was on hand to promote investment in American infrastructure. The company has utilized the Export-Import Bank's services.
Patrick Semansky AP

Originally published on Tue June 30, 2015 4:13 pm

An agency of the federal government will have to stop doing business today. That's because members of Congress went home last week for the July Fourth recess without reauthorizing the Export-Import Bank.

The bank helps American companies sell their goods overseas. The bank's critics say they're stopping corporate welfare.

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Politics
2:58 am
Tue June 30, 2015

Obama Expected To Release Rule Governing Overtime

Originally published on Tue June 30, 2015 4:35 pm

Copyright 2015 NPR. To see more, visit http://www.npr.org/.

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It's All Politics
8:22 pm
Mon June 29, 2015

President Pitches Overtime Rule That Could Raise Wages For 5 Million

President Obama signs a presidential memorandum in March of 2014 that directed the Department of Labor construct a new set of overtime rules, with the goal of making more employees eligible for overtime pay.
Mark Wilson Getty Images

Originally published on Tue June 30, 2015 7:17 am

President Obama is expected to release this week a long-awaited rule governing overtime that could affect 5 million people as soon as next year, a source familiar with the plans confirmed to NPR.

The proposed rule would more than double the salary cap under which most workers would qualify for overtime pay whenever they work more than 40 hours a week, the source said. The cap would be raised from $23,660 to $50,440, and indexed to wage growth or inflation, ensuring the cap would move with the overall economy.

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All Tech Considered
5:09 pm
Mon June 29, 2015

Apple Bets Big That You'll Start Paying To Stream Music

Apple's senior vice president of Internet Software and Services Eddy Cue speaks about Apple Music during the keynote at the annual developers conference.
Justin Sullivan Getty Images

Originally published on Mon June 29, 2015 5:30 pm

Spotify, Google Play, Amazon Prime, Rdio, Rhapsody, Pandora — the list of streaming music service goes on and on. On Tuesday, Apple joins that lineup with the launch of its streaming service, Apple Music. Apple will give consumers a three-month trial, and then it will charge $9.99 a month.

But most music lovers still aren't sure why they should pay. Colin Barrett, 31, has tried a few of the streaming services, but he doesn't use them anymore.

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Parallels
4:14 pm
Mon June 29, 2015

Greeks Brace For The Fallout As Deadline Looms

A Greek demonstrator urges a "no" vote in Sunday's referendum on whether Greece should accept international demands for additional financial austerity. He is holding an old 1,000 Greek drachma bank note during a rally in the northern Greek port city of Thessaloniki on Monday. Some Greeks say the country should leave the eurozone and go back to the drachma.
Giannis Papanikos AP

Originally published on Mon June 29, 2015 4:36 pm

Giorgos Koronis is welcoming tourists from the U.S. and England at the old Olympic Stadium in Athens, where the first modern Olympics were held in 1896.

Koronis, 50, has worked for the state for 25 years, mainly at ticket counters at various tourist sites around the Greek capital. But today he's struggling to smile.

He spent Monday morning at the ATM in line with a few retirees from his neighborhood, including his mother.

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U.S.
3:41 pm
Mon June 29, 2015

The Economic Reality Of The Same-Sex Marriage Ruling

Supporters of same-sex marriages gather outside the U.S. Supreme Court on April 28, in Washington, D.C.
Mladen Antonov AFP/Getty Images

Originally published on Mon June 29, 2015 4:32 pm

At Pride events in New York City this weekend, the emotional excitement about marriage equality was evident. But many people also were thrilled about the practical considerations.

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Latin America
3:25 pm
Mon June 29, 2015

Like Greece, Cash-Strapped Puerto Rico Needs A Fiscal Lifeline

Originally published on Tue June 30, 2015 3:52 am

Copyright 2015 NPR. To see more, visit http://www.npr.org/.

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Space
3:25 pm
Mon June 29, 2015

SpaceX Rocket Explosion Raises Questions About Private Space Companies

Originally published on Mon June 29, 2015 4:35 pm

Copyright 2015 NPR. To see more, visit http://www.npr.org/.

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The Two-Way
3:23 pm
Mon June 29, 2015

If The Mess In Greece Is All Greek To You, Then Read This

The EU and national flags fly in the foreground of the Parthenon, as Greek voters prepare to decide whether to continue negotiating for more international loans.
Getty Images

Originally published on Tue June 30, 2015 8:59 am

"It was Greek to me."

Shakespeare used that phrase in one of his tragedies to suggest that a complicated matter was beyond understanding.

Many Americans may be muttering those words again as this week's Greek tragedy plays out.

The situation in Athens really is complicated, but it's also important. So let's walk through the basics together, and then consider what it might mean to Americans.

Here's what has happened so far:

-- The Greek government has way too much debt and can't pay its creditors.

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Business
2:27 pm
Mon June 29, 2015

NBC Dumps Donald Trump Over Comments On Mexican Immigrants

Originally published on Mon June 29, 2015 4:32 pm

Copyright 2015 NPR. To see more, visit http://www.npr.org/.

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The Two-Way
1:25 pm
Mon June 29, 2015

NBCUniversal Is Cutting Ties With Donald Trump

NBCUniversal announced that it is cutting ties with Donald Trump after comments he made about immigrants.
Jim Cole AP

Originally published on Mon June 29, 2015 2:56 pm

Updated at 3:45 p.m. ET

NBCUniversal is ending its business relationship with Donald Trump following comments Trump made about Mexican immigrants. Trump's controversial remarks came as he was announcing his bid for the Republican Party's presidential nomination.

NBC said in a statement that:

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The Two-Way
9:33 am
Mon June 29, 2015

Supreme Court Blocks Obama Administration Plan On Power Plant Emissions

Originally published on Mon June 29, 2015 1:36 pm

Updated at 1:45 p.m. ET

The Supreme court has ruled against an Obama administration effort to limit toxic mercury emissions from power plants, saying the costs of compliance should be taken into account at the very earliest stages of the regulatory process.

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Shots - Health News
9:16 am
Mon June 29, 2015

Supreme Court's Decision On Same-Sex Marriage Expected To Boost Health Coverage

The crowd reacts as the ruling on same-sex marriage was announced outside of the Supreme Court in Washington, D.C., Friday.
Jacquelyn Martin AP

The right to marry in any state won't be the only gain for gay couples from last week's Supreme Court ruling. The decision will likely boost health insurance among gay couples as same-sex spouses get access to employer plans.

The logic is simple. Fewer than half of employers that offer health benefits make the insurance available to same-sex partners who aren't married. Virtually all of them offer coverage to spouses.

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The Two-Way
5:32 am
Mon June 29, 2015

European Leaders Warn Greeks On 'No' Vote In Referendum

Pensioners, who usually get their payments at the end of the month, wait outside a closed bank in Thessaloniki, Greece, on Monday. Greece's government announced capital controls, and the country's banks remained closed Monday.
Giannis Papanikos AP

Originally published on Mon June 29, 2015 2:30 pm

Updated at 11:42 a.m. ET

European leaders are warning Greeks who vote "no" in Sunday's referendum will be choosing to leave the eurozone, the bloc of countries that uses the common currency.

"It is democracy, it is the right of the Greek people to decide what they want for their future," French President Francois Hollande said in Paris. "What is at stake is whether or not Greeks want to stay in the eurozone (or) take the risk of leaving."

The comment was echoed by Italian Prime Minister Matteo Renzi, who said on Twitter:

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Europe
3:15 am
Mon June 29, 2015

Greece To Impose Capital Controls Amid Looming Default

Originally published on Mon June 29, 2015 4:14 pm

Copyright 2015 NPR. To see more, visit http://www.npr.org/.

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Space
3:05 am
Mon June 29, 2015

SpaceX Rocket Breaks Up On Liftoff

Originally published on Mon June 29, 2015 4:33 pm

Copyright 2015 NPR. To see more, visit http://www.npr.org/.

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RENEE MONTAGNE, HOST:

And in other news, an unmanned supply rocket blasted off yesterday in Florida headed to the International Space Station.

(SOUNDBITE OF ROCKET LAUNCH)

UNIDENTIFIED MAN: Three, two, one. Mission sequence start and lift off.

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The Two-Way
9:35 pm
Sun June 28, 2015

Economic Crisis Looms For Puerto Rico, Report Says

Puerto Rico Gov. Alejandro Garcia Padilla in April delivered his budget address for the next fiscal year at the Capitol building in San Juan.
Ricardo Arduengo AP

Originally published on Mon June 29, 2015 4:46 pm

A report obtained by NPR paints a bleak portrait of Puerto Rico's economic future, saying its deficit is much larger than previously thought.

"Puerto Rico faces hard times," says the report which was commissioned by the Government Development Bank and written by three former and current International Monetary Fund economists. It is to be released on Monday.

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The Two-Way
6:46 am
Sun June 28, 2015

Greece To Close Banks, Impose Capital Controls Amid Looming Default

A security worker brings money to a National Bank branch in Athens on Sunday. Greeks have been withdrawing euros in anticipation of a possible default on the country's debt payments early next week.
Marko Djurica Reuters/Landov

Originally published on Sun June 28, 2015 7:19 pm

Updated at 2:40 p.m. ET

Greece's Prime Minister Alexis Tsipras announced Sunday that banks will be closed and capital controls imposed in order to stave off a run on the euro after negotiations with the country's international lenders broke down.

He said the Athens stock market would also be closed.

However, Tsipras blamed the European Central Bank for the latest crisis after it decided not to increase the amount of emergency liquidity amid a run on the banks that saw people lined up at ATMs, many of which ran dry amid the onslaught.

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The Two-Way
2:28 pm
Sat June 27, 2015

Police Question Suspect In Lyon Factory Beheading

The Air Products industrial gas factory in Saint-Quentin Fallavier, France, shown on Saturday, a day after the attack.
Marius Becker DPA/Landov

Originally published on Sat June 27, 2015 5:50 pm

Police in France are questioning a suspect they believe was responsible for an explosion and the beheading of a man at a factory near Lyon on Friday. Officials reportedly say he took a "selfie" with the slain victim — his boss at the plant — and sent it to an unidentified Canadian mobile phone number.

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The Two-Way
9:31 am
Sat June 27, 2015

Greece Slouches Toward Default As Germany Rules Out Further Debt Talks

People stand in a line to use the ATMs of a bank in the northern Greek city of Thessaloniki on Saturday after the country's prime minister announced a snap referendum on an international bailout — pushing Athens toward a Tuesday deadline for a plan to prevent default on its IMF debt.
Giannis Papanikos AP

Originally published on Sat June 27, 2015 1:54 pm

Updated at 3:05 p.m. ET

Across Greece, people lined up outside banks and at ATMs to withdraw euros today after their prime minister called for a surprise referendum on a proposed international bailout for the troubled country — a move that has pushed Athens to the brink of default and an exit from the eurozone.

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Around the Nation
6:11 am
Sat June 27, 2015

Native Americans Protest Proposed Copper Mine In Arizona

Originally published on Sat June 27, 2015 8:30 am

Copyright 2015 NPR. To see more, visit http://www.npr.org/.

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Sports
4:22 pm
Fri June 26, 2015

ESPN Brings Betting Talk To The Mainstream

This year's ESPN NCAA basketball coverage did not shy away from talking about the ordinarily sensitive topic of betting as much as it has in the past.
Streeter Lecka Getty Images

Originally published on Fri June 26, 2015 7:20 pm

Walk into a bar or spend some time in an airport and there's a good chance ESPN is on TV. What happens on its ever-present SportsCenter, airing live 18 times daily, resonates with sports fans around the country. So it matters that over the past couple of years, ESPN has increased coverage of what's always been an extremely sensitive topic for leagues and TV networks — sports betting.

ESPN says it wants to be more direct about a topic broadcasters have dealt with circuitously, often with a wink and nod, rather than in the direct language of gambling.

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Food
2:38 pm
Fri June 26, 2015

Drink Beck's? Anheuser-Busch May Owe You A Refund

Originally published on Fri June 26, 2015 7:20 pm

Copyright 2015 NPR. To see more, visit http://www.npr.org/.

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NPR Ed
6:03 am
Fri June 26, 2015

5 Ideas To Ease The Burden Of Student Loans

Students wait outside Everest College in Industry, Calif., hoping to get their transcriptions and information on loan forgiveness and transferring credits to other schools. In April, the school was one of the last Corinthian Colleges campuses to close.
Christine Armario AP

Originally published on Fri June 26, 2015 7:14 am

The total outstanding balance of federal student loans: $1.3 trillion.

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Business
4:57 am
Fri June 26, 2015

Service Jobs, Like Uber Driver, Blur Lines Between Old Job Categories

Uber drivers can chose their own hours, and decide whether or not to pick someone up.
Andrew Caballero-Reynolds AFP/Getty Images

Originally published on Sat June 27, 2015 1:24 pm

Is an Uber driver an employee of the company, or an independent contractor? That question is the focus of a federal class action lawsuit coming up in California, and in smaller cases around the country. But maybe there's a third category — a murky middle not yet defined in the U.S., though there is some precedent abroad.

According to David Plouffe, the senior vice president of policy and strategy at Uber, Uber's drivers are clearly independent contractors.

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Television
4:22 am
Fri June 26, 2015

Univision Cancels Miss USA Telecast After Trump's Immigration Comments

Originally published on Fri June 26, 2015 5:35 am

Copyright 2015 NPR. To see more, visit http://www.npr.org/.

Law
3:04 am
Fri June 26, 2015

Supreme Court Vindicates President; Upholds Obamacare Subsidies

Originally published on Fri June 26, 2015 5:35 am

Copyright 2015 NPR. To see more, visit http://www.npr.org/.

The Two-Way
8:14 pm
Thu June 25, 2015

Not So Happy Hour For Beck's

Beck's beer has been brewed in Missouri since 2012.
Joerg Sarbach AP

Originally published on Fri June 26, 2015 10:44 am

Beck's, which used to call itself "America's favorite German beer," is going to have to be a little more clear about its provenance.

Since 2012, the beer, now a part of the same company that brings you Budweiser and Bud Light, has been brewed in Missouri.

But its packages still say things like "German Quality" and "Originated in Bremen, Germany."

A class-action lawsuit accuses the giant brewer Anheuser-Busch InBev of tricking American beer drinkers into believing that Beck's is still brewed abroad.

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Media
3:18 pm
Thu June 25, 2015

Univision Cancels Miss USA Over Donald Trump's Mexico Comments

Originally published on Sat June 27, 2015 11:49 am

Copyright 2015 NPR. To see more, visit http://www.npr.org/.

Business
3:18 pm
Thu June 25, 2015

French Taxi Drivers Launch Nationwide Uber Protest

Originally published on Fri June 26, 2015 3:08 am

Copyright 2015 NPR. To see more, visit http://www.npr.org/.

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