Economy & Business

Economy
2:59 am
Thu September 19, 2013

Federal Reserve Stays The Course On Stimulus

Originally published on Thu September 19, 2013 8:44 am

Transcript

RENEE MONTAGNE, HOST:

It's MORNING EDITION, from NPR News. Good morning. I'm Renee Montagne.

STEVE INSKEEP, HOST:

And I'm Steve Inskeep.

A big question for watchers of the Federal Reserve is: Why? Analysts are asking why the Fed decided to continue stimulating the economy, buying $85 billion of bonds each month.

MONTAGNE: It was widely expected the Fed would start scaling back that stimulus as the economy improved. But in a statement, the Fed said conditions are not that great.

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Politics
2:59 am
Thu September 19, 2013

Sen. McConnell In No-Win Situation On Obamacare

Originally published on Thu September 19, 2013 8:44 am

Transcript

RENEE MONTAGNE, HOST:

It's MORNING EDITION, from NPR News. Good morning. I'm Renee Montagne.

STEVE INSKEEP, HOST:

And I'm Steve Inskeep.

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Politics
2:59 am
Thu September 19, 2013

Senators, Economists Lobby For Yellen To Be Fed Chairman

Originally published on Thu September 19, 2013 8:44 am

Transcript

RENEE MONTAGNE, HOST:

When the Federal Reserve explained its decision to keep pumping money into the financial system, it pointed to stubbornly high unemployment.

STEVE INSKEEP, HOST:

That has long been a concern for the number two official at the Fed, Janet Yellen. She is now considered the leading candidate to replace Ben Bernanke, when he steps down as Fed chairman. His term expires in January.

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Economy
5:12 pm
Wed September 18, 2013

The Fed's Surprising Decision: Should You Cheer Or Boo?

Federal Reserve Chairman Ben Bernanke arrives to speak at a news conference Wednesday in Washington, D.C. The Fed cut its economic growth forecasts and said it would keep buying bonds in a bid to keep interest rates down.
Mark Wilson Getty Images

If you are trying to buy a home, you just got good news: The Federal Reserve said Wednesday it is not going to try to drive up long-term interest rates just yet.

Stock investors are happy for you. They like cheap mortgages too because a robust housing market creates jobs. To celebrate, they bought more shares, sending the Dow Jones industrial average up 147.21 to an all-time high of 15,676.94.

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Economy
4:24 pm
Wed September 18, 2013

Fed Decides Not To Taper Bond Buying Yet, Surprises Analysts

Originally published on Wed September 18, 2013 7:01 pm

Transcript

ROBERT SIEGEL, HOST:

The stock market hit new highs today after the Federal Reserve made a surprise announcement. Investors and economists had expected the Fed to start winding down it's $85 billion a month stimulus program at its policymaking meeting today, but it didn't. As NPR's John Ydstie reports, the Fed said it wanted to make sure a recent improvement in the economy and labor market continued before pulling back its stimulus.

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NPR Story
3:35 pm
Wed September 18, 2013

The Man Who Made Toyota A Modern Success Dies At 100

Originally published on Wed September 18, 2013 7:01 pm

Transcript

ROBERT SIEGEL, HOST:

This is ALL THINGS CONSIDERED from NPR News. I'm Robert Siegel.

A giant of the auto business died yesterday, a few days after he turned 100. Eiji Toyoda was president and later chairman of Toyota. The family name is T-O-Y-O-D-A. Toyoda played a key role in the company going worldwide, especially Toyota's move into the U.S. market. Micheline Maynard covers the automotive industry. She's a contributing editor for Forbes these days. Welcome to the program.

MICHELINE MAYNARD: Thanks for having me, Robert.

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The Two-Way
1:16 pm
Wed September 18, 2013

Fed Says It Will Continue Stimulus; Markets Reach New Highs

Federal Reserve Chairman Ben Bernanke speaks during a news conference at the Federal Reserve in Washington, D.C.
Mark Wilson Getty Images

Originally published on Wed September 18, 2013 5:28 pm

The Federal Reserve said today that it is not slowing down its monthly purchase of $85 billion in bonds.

The program is intended to stimulate a sluggish economy and the Fed was widely expected to announce that in light of a recovering economy, it was tapering the bond-buying program. Instead, it delivered a surprise that caused the markets to jump, as the Dow and the S&P closed at record highs.

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The Two-Way
11:37 am
Wed September 18, 2013

Beanie Babies Creator To Pay $53 Million For Tax Evasion

Ty Warner, creator of Beanie Babies toys, attends the 2003 American International Toy Fair in a rare appearance to celebrate the 10th anniversary of the Beanie Babies toy line.
Chris Hondros Getty Images

Originally published on Wed September 18, 2013 2:31 pm

The man behind Beanie Babies, the toy animals that saw their heyday in the mid-1990s, has agreed to plead guilty to tax evasion for failing to report income held in Swiss bank accounts.

H. Ty Warner, 69, has been charged in U.S. District Court with felony tax evasion. The indictment alleges that in 1996, Warner traveled to Zurich to open an account with Union Bank of Switzerland with the intent to "evade and defeat" taxes on $3.1 million in foreign income.

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Economy
11:15 am
Wed September 18, 2013

Minority-Owned Banks Play A Real Role In Recovery?

Originally published on Wed September 18, 2013 4:51 pm

Copyright 2014 NPR. To see more, visit http://www.npr.org/.

Transcript

MICHEL MARTIN, HOST:

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All Tech Considered
11:13 am
Wed September 18, 2013

This Board Game Aims To Teach Preschoolers How To Code

Robot Turtles is for future programmers ages 3 to 8.
Courtesy of Robot Turtles

Originally published on Wed September 18, 2013 12:01 pm

In our "Weekly Innovation" blog series, we explore an interesting idea, design or product that you may not have heard of yet. Do you have an innovation to share? Use this quick form.

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