Economy & Business

Latin America
4:36 am
Wed August 14, 2013

Top Foreign Real Estate Buyers In Miami Are Brazilians

Originally published on Wed August 14, 2013 8:16 am

Transcript

GREG ALLEN, BYLINE: I'm Greg Allen, in Miami. To gauge the impact of Brazilians here, you only need to go downtown and look up.

(SOUNDBITE OF MACHINERY)

ALLEN: Just a few years after the housing downturn, in Miami, once again, cranes and construction crews are hard at work building high-rise condominiums. Thousands of units are going up all over town, and many are being built for Brazilians.

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Parallels
2:00 am
Wed August 14, 2013

Brazilians Flood To U.S. On Massive Shopping Sprees

Camila DeSouza, a 17-year-old Brazilian, shops for shoes at a mall in Sunrise, Fla., on July 16, 2012. During their winter, Brazilians flock to the U.S., mainly to shop. Even with the cost of airfare figured in, many products are far cheaper in the U.S. than in Brazil.
Charles Trainor Jr. Miami Herald/MCT /Landov

Originally published on Wed August 14, 2013 6:26 pm

What's the busiest U.S. Consulate in the world? If you guessed in Mexico or China, you'd be wrong.

It's actually in Brazil, Sao Paulo to be exact. The consulate there is giving a record number of visas to Brazilians who want to visit the U.S. And that is giving a boost to the economies of cities like Miami.

On a recent day, Tiago Dalcien and his girlfriend stand outside the U.S. Consulate in Sao Paulo clutching their passports and other documents. He is a 30-year-old banker; his girlfriend is a doctor.

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Business
4:28 pm
Tue August 13, 2013

DOJ Suit Seen Delaying, Not Killing Big Airline Merger

A United Airlines jet takes off behind a US Airways jet at Ronald Reagan Washington National Airport on Tuesday.
Win McNamee Getty Images

The government's decision Tuesday to oppose the merger of US Airways and American Airlines stunned airline analysts, but many predicted the deal eventually will win go through.

"Given that other airline mergers were approved, this was a surprise," University of Richmond transportation economist George Hoffer said. Other major carriers already have been allowed to combine forces, so "it's illogical to oppose this merger. This move comes a day late and a dollar short," he said.

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The Salt
3:38 pm
Tue August 13, 2013

Chipotle Is Keeping Its Meat Antibiotic-Free After All

Originally published on Mon November 18, 2013 4:26 pm

For a few hours Tuesday, it appeared that Chipotle Mexican Grill, an ever expanding source of fast food for the ethically conscious consumer, had softened its hard line against antibiotics in meat production.

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Business
3:34 pm
Tue August 13, 2013

J.C. Penney Board Member Resigns After Criticizing Management

Originally published on Tue August 13, 2013 5:31 pm

William Ackman, a controversial hedge fund manager, has resigned from the board of the J.C. Penney Company. Ackman is Penny's largest shareholder and had been engaged in a public dispute with the board over who should lead the struggling retailer.

Business
3:34 pm
Tue August 13, 2013

DOJ Tries To Block Airline Merger With Antitrust Suit

Originally published on Tue August 13, 2013 5:31 pm

The proposed merger of U.S. Airways and American Airlines ran into major turbulence on Tuesday as the Justice Department and six state attorneys general filed an antitrust suit aimed at blocking the deal. Justice Department officials said the merger would eliminate competition and put consumers at risk of higher prices.

Business
3:34 pm
Tue August 13, 2013

Some Consumers Push Back Against 'Smart' Utility Meters

Originally published on Tue August 13, 2013 5:31 pm

Power companies all over the country are in the process of replacing old residential meters with new digital smart ones. These meters transmit real time data back to the utilities, giving a precise picture of how much electricity customers are using and when. Audie Cornish talks to Severin Borenstein — director of the University of California Energy Institute — about the technology.

Business
3:34 pm
Tue August 13, 2013

Lawmakers, Banking Regulators Take On Bitcoin

Originally published on Tue August 13, 2013 5:39 pm

The New York Department of Financial Services has issued subpoenas to several companies using the virtual currency Bitcoin for more information on how they do business. Audie Cornish talks to Jerry Brito, senior research fellow at the Mercatus Center at George Mason University, about the complications of regulating digital money.

All Tech Considered
2:03 pm
Tue August 13, 2013

Why The World Pays Attention When Elon Musk Proposes An Idea

Musk with the Tesla Model S in Fremont on Oct. 1, 2011.
Stephen Lam Reuters/Landov

Originally published on Tue August 13, 2013 2:46 pm

Derision: It's what would usually greet plans for a futuristic transportation system that could take passengers from Los Angeles to San Francisco in 30 minutes. But when Elon Musk, the billionaire inventor behind PayPal, Tesla and SpaceX, unveils such a plan, the world pays attention (even if it draws skeptics).

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The Two-Way
12:16 pm
Tue August 13, 2013

Canada Revokes License Of Company In Quebec Rail Disaster

The railway company whose train derailed and exploded in Lac-Megantic, Quebec, last month can no longer operate in Canada. An image shows the scene one week after the disaster.
Ian Willms Getty Images

Originally published on Tue August 13, 2013 12:54 pm

The railway whose crude oil-carrying train derailed and exploded in the center of Lac-Mégantic, Quebec, last month can no longer operate in Canada, the country's Transportation Agency says. The disaster resulted in more than 40 deaths and the destruction of many of the town's central buildings.

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