Economy & Business

Business
3:51 am
Mon August 26, 2013

Fed Decision Sends Brazil's Currency Lower

Originally published on Mon August 26, 2013 4:40 am

Transcript

(SOUNDBITE OF THEME MUSIC)

DAVID GREENE, HOST:

We'll begin NPR's business news with collapsing currencies.

Over the past several months, the focus of financial markets has been the Federal Reserve's plan to phase out or taper some of the extraordinary measures it has taken to stimulate the economy.

Just the idea that the Fed might start dialing back on stimulus spending is rippling through financial markets overseas. For instance, investors who once poured money into emerging markets, like Brazil and India, are suddenly much more cautious.

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Around the Nation
3:51 am
Mon August 26, 2013

Too Much Rain Washes Out Crops In The South

Originally published on Mon August 26, 2013 4:10 am

Parts of the South have seen record rainfall this year. After years of drought, you'd think all that rain would be a good thing. But too much of the wet stuff is bad for farmers' crops.

Sports
4:08 pm
Sun August 25, 2013

Quitting Your Job For Fantasy Football

Fantasy sports attract an estimated 36+ million players in the U.S. and Canada.
istockphoto.com

Originally published on Sun August 25, 2013 5:04 pm

You may just call it late summer; for many die-hard sports fans, it's called fantasy football drafting season.

Fantasy sports is a huge business, with an estimated 36 million people in the U.S. and Canada picking teams and talkin' trash, according to the Fantasy Sports Trade Association.

And now we may be at a tipping point.

One man - Drew Dinkmeyer - actually left his job as an investment analyst to play fantasy sports full-time.

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The Salt
4:26 am
Sat August 24, 2013

Wine Has Sommeliers. Now, Beer Has Cicerones

Ray Daniels inspects a glass of beer. A Chicago brewer, Daniels started the Cicerone training program five years ago.
Johnny Knight Courtesy of Ray Daniels

Originally published on Sat August 24, 2013 7:08 pm

If you've been to a fancy restaurant, you've probably seen a sommelier — those wine experts who make sure you get the best possible match for your meal. But what if you don't want a chardonnay or pinot? What if you want a nice cold beer?

A new program is working to bring this same level of knowledge to the world of malt and hops by turning out batches of certified beer experts known as Cicerones.

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The Two-Way
5:27 pm
Fri August 23, 2013

ESPN Says It Backs Reporting As It Pulls Out Of NFL Series

Originally published on Fri August 23, 2013 6:12 pm

  • Sportswriter Stefan Fatsis Discusses ESPN's Decision On 'All Things Considered'

ESPN President John Skipper released a statement Friday defending the network's journalistic integrity after it pulled out of an investigation of the NFL.

ESPN had been a partner with PBS's Frontline on a forthcoming series about concussions in the National Football League. A trailer for the two-part investigation says Frontline "investigates what the NFL knew and when they knew it" regarding the lasting effects of head injuries.

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The Two-Way
4:56 pm
Fri August 23, 2013

Discrimination Suit Dropped Against TV's Paula Deen

Cooking show host Paula Deen in an appearance on Fox & Friends last December.
Slaven Vlasic Getty Images

Originally published on Fri August 23, 2013 6:28 pm

An agreement has been reached to dismiss a sexual harassment and discrimination suit against Food Network personality Paula Deen and her brother.

The Associated Press reports that a document filed in U.S. District Court in Savannah, Ga., said the parties had reached agreement "without any award or fees to any party."

Lisa Jackson — a former employee of Uncle Bubba's Seafood and Oyster House, a restaurant owned by Deen and her brother, Bubba Hiers — charged that she suffered from sexual harassment and racial discrimination.

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Business
4:01 pm
Fri August 23, 2013

Ballmer's Retirement Announcement Drives Up Microsoft Stock

Originally published on Fri August 23, 2013 8:12 pm

Transcript

AUDIE CORNISH, HOST:

Microsoft CEO Steve Ballmer made a surprise announcement today. He'll retire within the year after 13 years at the helm. Microsoft experienced strong growth under Ballmer. But as NPR's Laura Sydell reports, he's been a lightning rod for critics of the company and his announcement immediately drove up Microsoft's stock price.

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Planet Money
4:01 pm
Fri August 23, 2013

Cash, Cows And The Rise Of Nerd Philanthropy

A family in western Kenya received this cow as part of a Heifer International program.
NPR

Originally published on Fri August 23, 2013 8:12 pm

For more of our reporting on this story, please see our recent column in the New York Times Magazine, and the latest episode of This American Life.

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All Tech Considered
2:02 pm
Fri August 23, 2013

Three Tips For Microsoft's Next CEO

Microsoft's next chief will face a host of challenges, including doing more to encourage innovation.
Kin Cheung AP

Originally published on Fri August 23, 2013 3:30 pm

Speculation is already beginning about who will replace Steve Ballmer as CEO of Microsoft. The names being floated are as diverse as Stephen Elop, the head of Nokia, and Steven Sinofsky, who ran Windows.

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The Two-Way
12:24 pm
Fri August 23, 2013

Drop In New Home Sales May Be Sign Higher Rates Are Biting

The scene earlier this year at a home construction site in Phoenix.
Justin Sullivan Getty Images

Originally published on Fri August 23, 2013 12:59 pm

Proving once again that when it comes to economic data there's almost always a "but" to watch out for:

The housing sector has been one of the economy's stars in recent months, as we said Thursday when the news broke that sales of existing homes rose an estimated 6.5 percent in July from June.

But ...

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