Economy & Business

Business
10:42 am
Wed January 1, 2014

Colorado's Turning Over A New Leaf: Recreational Pot

Transcript

RENEE MONTAGNE, HOST:

And in this new year, Colorado is turning over a new leaf. State license retailers spent their New Year's Eve putting plant buds on shelves, stuffing baggies and rolling joints in preparation for what's being called Green Wednesday. Colorado is the first in the nation to regulate and control a recreational marijuana industry.

Business
8:29 am
Wed January 1, 2014

Most Economists Say Happy New Year — Really

Philips Lighting North America CEO and President Bruno Biasiotta rings the opening bell at the New York Stock Exchange on Tuesday.
Seth Wenig AP

As the new year begins, most economists' annual forecasts are brimming with good cheer.

"The economic news remains broadly encouraging," the Goldman Sachs forecasters write in their 2014 outlook.

And the brighter prospects are not limited to this country. "The global economy is likely to emerge in 2014 with modest growth of 3.3 percent compared with 2.5 percent this year," according to Nariman Behravesh, chief economist at the forecasting firm IHS Global Insight.

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Business
5:45 am
Wed January 1, 2014

Las Vegas Company Offers Fix To Hangover

Originally published on Wed January 1, 2014 10:42 am

Transcript

RENEE MONTAGNE, HOST:

And today's last word in business is: Cure.

Because what happens in Vegas should stay there, like there hangover - if you celebrated New Year's Eve they are big time. A Las Vegas company called Hangover Heaven is offering much needed relief to midnight revelers with house calls and a walk-in clinic. The cure: an IV offering one and a half liters of hydration, plus a concoction of vitamins, antioxidants and headache medicine. $99 gets you the basic package called The Redemption.

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Business
5:39 am
Wed January 1, 2014

Hewlett-Packard To Cut More Jobs

Originally published on Wed January 1, 2014 10:42 am

Transcript

RENEE MONTAGNE, HOST:

NPR's business news begins with Hewlett-Packard layoffs.

(SOUNDBITE OF MUSIC)

MONTAGNE: In a securities filing, the maker of computers and printers confirmed that it will cut 5,000 more jobs this year than it originally estimated. That would bring to 34,000 the number of jobs the company is planning to cut worldwide by October.

Energy
4:26 am
Wed January 1, 2014

Derailing Revives Calls To Change How Trains Haul Crude Oil

Originally published on Wed January 1, 2014 10:42 am

Transcript

RENEE MONTAGNE, HOST:

This is MORNING EDITION from NPR News. Good morning, I'm Renee Montagne.

Investigators with the National Transportation Safety Board are in the small town of Casselton, North Dakota, trying to learn what caused a fiery train crash. It's the latest in a series of accidents involving trains hauling crude oil. By far the most destruction happened last summer in Canada, where the center of a town in Quebec was destroyed, leaving 47 people dead.

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Economy
4:20 am
Wed January 1, 2014

Home Prices Mark Biggest Gains Since 2006

Originally published on Wed January 1, 2014 10:42 am

Transcript

RENEE MONTAGNE, HOST:

And before the ball dropped in Times Square last night, new numbers came out on the housing market, and they showed the past year saw the biggest gains in home prices since 2006.

NPR's Chris Arnold reports.

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All Tech Considered
1:58 am
Wed January 1, 2014

Banks Try To Save Big With 'ATMs Of The Future'

An ATM at a Chase lobby in New York is part of what company executives are touting as a "branch of the future" — a place where machines distribute exact change and count cash so tellers don't have to.
Mary Altaffer AP

Originally published on Wed January 1, 2014 10:42 am

There's a drive-thru ATM in Charlotte, N.C., that looks pretty standard, but it has an extra function: a button that says "speak with teller."

The face of a woman wearing a headset sitting in front of a plain blue background flashes onto the ATM screen. "Good afternoon," she says. "Welcome to Bank of America. My name is Carolina. How are you today?"

She's one of a cadre of Bank of America employees in Florida and Delaware call centers, where they remotely control ATMs across the country. I ask for $26.

"Just a $1, a $5 and $20," I say.

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The Two-Way
7:10 pm
Tue December 31, 2013

Target Says Some Of Its Gift Cards 'Not Properly Activated'

Target says a small percentage of the gift cards it sold won't work properly — more bad news following on the heels of a security breach affecting some 40 million credit and debit cards.
Justin Sullivan Getty Images

It's not been a very good holiday season for Target.

First, it was the pre-Christmas announcement that 40 million credit and debit card accounts used for purchases at the retail chain had been hacked, even though the company later said the "strongly encrypted PIN data" that were breached shouldn't be at risk.

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The Salt
5:07 pm
Tue December 31, 2013

Here's How Young Farmers Looking For Land Are Getting Creative

Chris and Sara Guerre are among a growing number of farmers who have made the choice to rent land to farm instead of buy because of increasing property values.
Zac Visco for NPR

Originally published on Tue December 31, 2013 7:02 pm

Across the country, there's a wave of interest in local food. And a new generation of young farmers is trying to grow it.

Many of these farmers — many of whom didn't grow up on farms — would like to stay close to cities. After all, that's where the demand for local food is.

The problem is, that's where land is most expensive. So young farmers looking for affordable land are forced to get creative.

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The Two-Way
4:30 pm
Tue December 31, 2013

Out Like A Bull: 2013 Was A Banner Year For Wall Street

Philips Lighting North America CEO and President Bruno Biasiotta rings the opening bell at the New York Stock Exchange in New York, on Tuesday.
Seth Wenig AP

Originally published on Thu January 2, 2014 12:17 pm

U.S. stocks in 2013 posted their best showing since 1997, with the Dow Jones Industrial Average closing up 26.5 percent, the Standard & Poor's 500 Index up 29.6 percent and the Nasdaq up 38 percent.

NPR's Jim Zarroli says Wall Street's stellar performance was set against the backdrop of a U.S. economy that continued to limp along.

Brad McMillan, the chief financial officer at Commonwealth Financial Network, tells NPR "The stock market surprised everybody."

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