Economy & Business

Business
3:51 am
Fri January 17, 2014

NBA's Sacramento Kings To Accept Bitcoins

Originally published on Fri January 17, 2014 12:39 pm

Transcript

STEVE INSKEEP, HOST:

NPR's business news begins with a slam dunk for Bitcoins.

(SOUNDBITE OF MUSIC)

INSKEEP: Pro basketball's Sacramento Kings will now accept Bitcoins, the electronic currency, as payment for just about everything, from court-side seats, to a DeMarcus Cousins jersey. The Kings are the first major professional sports team to accept the virtual currency.

Planet Money
2:39 am
Fri January 17, 2014

The Birth Of The Minimum Wage In America

Franklin D. Roosevelt Libarary

Originally published on Fri January 17, 2014 3:46 pm

In 1895, legislators in New York state decided to improve working conditions in what at the time could be a deadly profession: baking bread.

"Bakeries are actually extremely dangerous places to work," says Eric Rauchway, a historian at the University of California, Davis. "Because flour is such a fine particulate, if it gets to hang in the air it can catch fire and the whole room can go up in a sheet of flame."

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All Tech Considered
8:14 pm
Thu January 16, 2014

By Tracking Sugar In Tears, Contact Lens Offers Hope For Diabetics

While years of research remain to see if such a system is medically viable, Google's development of a tiny, flexible wireless computer embedded in a soft contact lens is a first.
Google

Originally published on Fri January 17, 2014 12:39 pm

The latest project from Google X is a smart contact lens, a tiny, flexible computer capable of monitoring glucose levels in tears. Researchers at Google are hopeful that one day this technology might be used to help diabetes patients better control their disease.

"I think the Google X device could be a huge game changer," says Dr. John Buse, professor of medicine at the University of North Carolina School of Medicine. He's also chairman of the National Diabetes Education Program for the National Institutes of Health and the Centers for Disease Control and Prevention.

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The Two-Way
6:25 pm
Thu January 16, 2014

With Senate's OK, $1.1 Trillion Spending Bill Heads To Obama

Originally published on Thu January 16, 2014 6:44 pm

A massive $1.1 trillion spending bill has gained Senate approval, allowing Congress to send a wide-ranging bill to President Obama for his signature. The massive bill will prevent any gaps in government funding as well as take some of the sting out of automatic spending cuts.

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Parallels
2:48 pm
Thu January 16, 2014

ln A Global Economy, Why's It So Expensive To Transfer My Money?

NPR's Ari Shapiro, who recently moved to London and set up a bank account, reports that it can still be an expensive and time consuming process to transfer money internationally. Here, people pass by a branch of Lloyds Bank in London, on Sept. 17.
Sang Tan AP

Originally published on Fri January 17, 2014 3:39 am

When relocating to a new country, it's important to establish routines and traditions. My ritual here in London is spending an hour on the phone with the bank every day.

It's a strange thing about 2014 — we've got one collective foot planted squarely in the 21st century, while the other is stuck in back in the 19-something-or-others.

My email, Facebook, and Twitter accounts don't care whether I'm in Dublin or Dubai. I can jog along the Seine in Paris to the same music on Spotify that I listen to when I'm running along the Willamette River in Portland.

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The Two-Way
2:19 pm
Thu January 16, 2014

First Union Vote At An Amazon Warehouse In The U.S. Fails

An Amazon.com employee stocks products along one of the many miles of aisles at an Amazon.com Fulfillment Center in Phoenix last month.
Ross D. Franklin AP

Originally published on Fri January 17, 2014 5:07 am

Employees at an Amazon.com facility have decided against forming a labor union. The vote last night was the first of its kind in Amazon's history.

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Author Interviews
12:56 pm
Thu January 16, 2014

Book Chronicles The Building Of Roger Ailes' Fox News Empire

Roger Ailes is the subject of a new book by New York Magazine contributing editor Gabriel Sherman. He describes Ailes' rule inside Fox News as "absolute."
Jim Cooper AP

Originally published on Fri January 17, 2014 4:00 pm

Fox News CEO and President Roger Ailes has succeeded in turning a television news network into an unprecedented force. Fox News is the most dominant media organization in America, generating more than a billion dollars in profit and earning the highest ratings of any cable news network.

Gabriel Sherman writes about Ailes' success with Fox News in his new book, The Loudest Voice In The Room: How The Brilliant, Bombastic Roger Ailes Built Fox News — And Divided A Country.

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Economy
11:22 am
Thu January 16, 2014

New Hope In Southeastern Kentucky 'Promise Zone'

President Obama recently named the first five "Promise Zones." They're high-poverty areas targeted for economic revitalization. Host Michel Martin learns about the Kentucky Highlands Promise Zone from Jerry Rickett, head of the Kentucky Highlands Investment Corporation.

Planet Money
11:11 am
Thu January 16, 2014

Expensive Bacon, Cheap TVs, And Other Price Trends From 2013

Not cheap.
Robert Smith NPR

Inflation is very low: Prices rose 1.5 percent last year, according to the consumer price index report released this morning.

But when you dig into the numbers, you see some notable price swings. Here are a few that caught our eye for different reasons.

The price of bacon rose 9.6 percent.

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The Two-Way
8:43 am
Thu January 16, 2014

J.C. Penney Cutting 2,000 Jobs, Closing 33 Stores

J. Pat Carter AP

Originally published on Thu January 16, 2014 2:12 pm

The post-holidays hard news continues for employees of some major retailers.

One week after discount retailer Loehmann's started liquidating its inventory and Macy's announced it is eliminating 2,500 jobs, there's word that J.C. Penney is cutting 2,000 jobs and closing 33 stores.

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