Economy & Business

Business
4:07 am
Thu July 18, 2013

Game Over For NCAA And Electronic Arts

Originally published on Thu July 18, 2013 6:45 am

Transcript

DAVID GREENE, HOST:

OK, for financial analysts, the Fed chairman's voice is certainly a familiar one. For sports nuts, football fans, video game players, there's this voice.

UNIDENTIFIED MAN #1: EA Sports. It's in the game.

GREENE: But that stamp might not be part of one game for much longer.

The NCAA announced Wednesday it is not renewing their contract with EA or Electronic Arts, the maker of the hugely popular college football video game series.

Here's NPR's Nathan Rott.

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Business
4:07 am
Thu July 18, 2013

Wall Street Poised For Bernanke's Senate Panel Testimony

Originally published on Thu July 18, 2013 6:45 am

Federal Reserve Chairman Ben Bernanke continues his two-day monetary policy testimony on Capitol Hill. On Wednesday, the chairman appeared before the House Financial Services Committee.

Economy & Business
1:00 am
Thu July 18, 2013

Changes Contemplated for Milwaukee's Westown

The Reuss Federal Plaza is one of Westown's best known buildings.

A local group wants to bring more "gusto" to Westown revitalization efforts.

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Economy & Business
4:41 pm
Wed July 17, 2013

Voces de la Frontera Finds Workers' Rights, Immigration Reform Linked

Palermo's workers on strike protest on May Day.
Credit WisconsinJobsNow/Flickr

Lake Effect's Mitch Teich interviews writer Kurt Chandler about Voces de la Frontera's founder Christine Neumann-Ortiz.

The future of immigration reform at the federal level remains in doubt, stalled in the House of Representatives, where key Republican leaders oppose the package backed by the Senate.

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Politics
4:22 pm
Wed July 17, 2013

Congress Debates Taking A Step Back From The Mortgage Market

The government took over mortgage giants Fannie Mae (seen in 2010) and Freddie Mac in 2008, during the worst of the housing crisis.
Win McNamee Getty Images

Originally published on Wed July 17, 2013 6:11 pm

The mortgage giants Fannie Mae and Freddie Mac got hit so hard by the housing crisis that they required a massive federal rescue. Now lawmakers are looking to scale back the two entities' role — and the government's — in the mortgage market.

The Senate Banking Committee is expected to vote Thursday on President Obama's nominee to head the agency that oversees Fannie and Freddie.

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Planet Money
4:05 pm
Wed July 17, 2013

The 'Ask Your Uncle' Approach To Economics

The Federal Reserve, home of the Beige Book.
Karen Bleier AFP/Getty Images

Originally published on Wed July 17, 2013 6:11 pm

The Beige Book is weird. It's an economic report released by the Federal Reserve every few months, but it doesn't have many numbers in it. Mostly, it's a bunch of stories gathered by talking to businesses around the country. A Fed economist once described it as the "Ask Your Uncle" approach to figuring out what's going on in the economy.

In the Beige Book released today, for example, we learned that:

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The Two-Way
3:31 pm
Wed July 17, 2013

'We're Here To Stay' Says Newly Confirmed Consumer Watchdog

Richard Cordray, director of the Consumer Financial Protection Bureau.
Ron Sachs/pool Getty Images

Originally published on Wed July 17, 2013 6:11 pm

One day after his two years in limbo ended and he was confirmed by the Senate as head of the Consumer Financial Protection Bureau, Richard Cordray told NPR that though political bickering held up his nomination he now believes he has bipartisan support for the bureau's work.

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NPR Story
3:00 pm
Wed July 17, 2013

Bernanke Gives Economic Road Map With Uncertain Timeline

Originally published on Wed July 17, 2013 6:11 pm

Transcript

AUDIE CORNISH, HOST:

You're listening to ALL THINGS CONSIDERED from NPR News.

One month ago, Federal Reserve Chairman Ben Bernanke introduced the idea of winding down the Fed's massive stimulus programs. On that announcement, the markets tanked. Today, Bernanke said pretty much the same thing. But this time, the markets yawned.

As NPR's John Ydstie explains, the Fed chairman appears to have finally found the formula to ease Wall Street's concerns.

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All Tech Considered
1:51 pm
Wed July 17, 2013

Clever Hacks Give Google Glass Many Unintended Powers

Stephen Balaban has re-engineered his Google Glass to allow for facial recognition.
Courtesy of Stephen Balaban

Originally published on Wed July 17, 2013 7:55 pm

At Philz Coffee in Palo Alto, Calif., a kid who looks like he should still be in high school is sitting across from me. He's wearing Google Glass. As I stare into the device's cyborg eye, I'm waiting for its tiny screen to light up.

Then, I wait for a signal that Google Glass has recognized my face.

It isn't supposed to do that, but Stephen Balaban has hacked it.

"Essentially what I am building is an alternative operating system that runs on Glass but is not controlled by Google," he said.

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The Two-Way
1:19 pm
Wed July 17, 2013

Economy's Growing At 'Modest To Moderate Pace,' Fed Says

Part I of the news from the Federal Reserve on Wednesday was Chairman Ben Bernanke's signal to the financial markets that the central bank won't be shifting away from its "easy money" policy just yet.

Part II was just released. In its latest "Beige Book" review of economic conditions around the nation the Fed says that:

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