Economy & Business

Shots - Health News
3:03 pm
Wed December 18, 2013

People Buying Health Insurance Get A Bit More Time To Pay

Oregon is still using paper applications to enroll people through the Affordable Care Act.
iStockphoto

Originally published on Wed December 18, 2013 5:34 pm

There are seven shopping days left until Christmas. But there are just five days until another important deadline — the last day to sign up for health insurance under the Affordable Care Act if you want coverage to start January 1.

After a slow start, activity on the federal website HealthCare.gov has been heavy all month. And with the deadline approaching, some people are getting worried that they won't get signed up in time.

And this being the health care law, it's complicated. There is more than one deadline.

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The Salt
1:56 pm
Wed December 18, 2013

The Man Who Duped Millionaires Into Paying Big Bucks For Fake Wine

iStockphoto

Originally published on Fri December 20, 2013 3:32 pm

He was the man with "the nose of a blood hound," as one wine critic once put it.

Rudy Kurniawan was once the toast of the fine-wine world, renowned for his ability to find some of the rarest — and priciest — wines in the world.

He was also, prosecutors alleged, a fraud who duped some of the country's wealthiest wine purchasers with counterfeit bottles of wine that he manufactured in his home laboratory.

And on Wednesday, a Manhattan jury agreed, finding Kurniawan guilty of fraud in connection with selling counterfeit wines and of defrauding a finance company.

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The Two-Way
1:45 pm
Wed December 18, 2013

Fed Says It Will Begin Tapering Off Its Stimulus In January

Federal Reserve Chairman Ben Bernanke delivers remarks Wednesday in Washington, at his final planned news conference before he steps down.
Jonathan Ernst Reuters/Landov

Originally published on Wed December 18, 2013 6:31 pm

(This post was last updated at 3:50 p.m. ET)

Citing an improving economy, the Federal Reserve announced Wednesday that it would begin gradually paring back an $85 billion-a-month bond-buying program aimed at stimulating growth.

The move was seen as a tentative vote of confidence and comes amid an improving jobs picture and other positive signs as the U.S. continues struggles to emerge from the worst downturn since the Great Depression.

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Economy & Business
12:54 pm
Wed December 18, 2013

Are "Unwritten Rules" Still Holding Back Women in Corporate America?

Office Managing Partner for McGladrey LLP Lori Stortz being interviewed at the University Club of Milwaukee.
Credit University Club of Milwaukee

Lori Stortz talks with Lake Effect's Mitch Teich, in an interview recorded at the University Club of Milwaukee.

Even though GM made big news by appointing a female CEO, one leading Milwaukee businesswoman says Corporate America still has a long way to go.

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Parallels
12:43 pm
Wed December 18, 2013

What It Costs To Fill Your Belly In New Delhi

New Delhi's colorful street markets are still the most economical places to shop. But prices for staples such as the lowly onion have soared in the past year.
Julie McCarthy NPR

Originally published on Wed December 18, 2013 4:28 pm

Just how far does a dollar go? We'll try to answer that question as part of an occasional series on what things cost around the world. In this installment, NPR's Julie McCarthy takes us on a gastronomic tour of New Delhi and tells us what you can buy for $5, $20 and $100.

With over a billion people, India's $1.7 trillion economy is as varied as its culture. But if you still think of it as a land of endless bargains, then you'd better think again.

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The Two-Way
12:01 pm
Wed December 18, 2013

Ex-BP Engineer Found Guilty Of Obstructing Justice

Former BP drilling engineer Kurt Mix, who has been convicted of obstructing justice.
Jonathan Bachman AP

The first of four current or former BP employees charged with crimes related to the 2010 Gulf oil spill has been found guilty of obstructing justice because he deleted text messages from his cellphone that contained information about the worst offshore spill in the nation's history.

NPR's Debbie Elliott tells our Newscast Desk that a federal jury in New Orleans convicted 52-year-old Kurt Mix on Wednesday.

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Economy & Business
10:51 am
Wed December 18, 2013

Wisconsin Ranks 37th in Private Sector Job Growth

Wisconsin added just under 24,000 private sector jobs from June 2012 to June 2013, according to the U.S. Bureau of Labor Statistics, a 1% increase.

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It's All Politics
10:32 am
Wed December 18, 2013

5 Things We Learned From The Budget Debate

Majority Leader Harry Reid, D-Nev., takes a break from the Senate floor Tuesday after a bipartisan budget compromise cleared a procedural hurdle.
J. Scott Applewhite AP

Originally published on Wed December 18, 2013 4:08 pm

Now that the bipartisan budget agreement has passed the Senate and is headed for the president's desk, it's a good time to consider some of the takeaways from the past two weeks of congressional Sturm und Drang.

Here are five:

Congress still works, sort of.

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Monkey See
8:07 am
Wed December 18, 2013

Two Ways Of Seeing An iPhone Christmas

Screen shot

Originally published on Wed December 18, 2013 4:44 pm

Apple recently released a Christmas ad it calls "Misunderstood."

In it, a kid — maybe 14 or so? — spends Christmas with his family. He seems to be always looking at his phone when everybody else is decorating the tree, making a snowman, skating, or whatever else they're doing. He smiles, but he sets himself apart.

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The Two-Way
8:03 am
Wed December 18, 2013

Already Down 50 Percent, Will Bitcoin Bite The Dust?

How low will they go?
Jens Kalaene DPA/LANDOV

Originally published on Wed December 18, 2013 9:00 am

Talk about a fall:

"Prices of virtual currency bitcoin fell 20% Wednesday and are now down more than 50% from their record high hit two weeks ago amid worries that China is moving to block the purchase and use of the currency by its citizens," The Wall Street Journal writes.

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