Economy & Business

Politics
5:06 am
Thu May 30, 2013

Select Senators Stall Budget Process

Originally published on Thu May 30, 2013 7:18 am

Transcript

DAVID GREENE, HOST:

OK. The nomination we just heard about involves reaching across the aisle. That's not something we hear much about. When it comes to the federal budget, if it feels like we haven't heard about the budget in a while, there's a reason for that. The process is stalled. Back in March, the House and Senate passed vastly different spending plans. In theory, the next step would be a conference committee to hash out the differences, but a handful of senators are blocking that from happening.

Read more
Dollar For Dollar: Adventures In Investing
2:02 am
Thu May 30, 2013

How A Trip To Costco Can Work As An Investment Strategy

A recent trip to Costco cost NPR's Uri Berliner $303.53. The haul included razor blades, cans of soup and tuna fish, laundry detergent, heartburn relief medicine and dog treats. As an investment, it will pay off if he uses what he bought — and if the price tag for the same items is higher if he returns in a year.
Mary-Elizabeth Berliner

Originally published on Thu May 30, 2013 7:19 am

NPR's Uri Berliner is taking $5,000 of his own savings and putting it to work. Though he's no financial whiz or guru, he's exploring different types of investments — alternatives that may fare better than staying in a savings account that's not keeping up with inflation.

Read more
All Tech Considered
4:49 pm
Wed May 29, 2013

Fixing Your Online Reputation: There's An Industry For That

What a potential employer finds when researching an applicant online can make or break a job opportunity.
iStockphoto.com

Originally published on Thu May 30, 2013 6:21 am

This year, nearly 1.7 million students will graduate from college. Many of them are engaged in a new ritual of the digital age: cleaning up and polishing their online profiles. The demand is so great an entire industry has sprung up to help.

According to numerous surveys, the vast majority of hiring managers routinely Google potential job candidates. And what they see on that first page of search results matters — a lot. Just ask Pete Kistler, who was a college junior when he started applying to a bunch of computer software firms, looking for a summer job.

Read more
Business
3:11 pm
Wed May 29, 2013

Smithfield Deal Highlights China's Reliance On U.S. Farmers

Originally published on Wed May 29, 2013 6:18 pm

Transcript

MELISSA BLOCK, HOST:

From NPR News, this is ALL THINGS CONSIDERED. I'm Melissa Block.

ROBERT SIEGEL, HOST:

And I'm Robert Siegel. Smithfield Foods, one of the country's biggest meat producers is being sold to a Chinese company, the price $4.7 billion. If approved by regulators, this will be the biggest acquisition in history of a U.S. corporation by a Chinese company. NPR's Jim Zarroli reports.

Read more
Business
3:11 pm
Wed May 29, 2013

Online Currency Exchanges Hide Traces Of Money As It Moves

Originally published on Wed May 29, 2013 6:18 pm

Transcript

MELISSA BLOCK, HOST:

If Al Capone were alive today, this is how he would be hiding his money. Those words yesterday from the head of the criminal investigation division at the IRS. He was talking about Liberty Reserve, an online currency exchange now accused of operating a $6 billion money-laundering operation. It's believed to be the largest online money-laundering case in history.

Read more
Economy
3:11 pm
Wed May 29, 2013

Home Prices On The Rise Across U.S.

Originally published on Wed May 29, 2013 6:18 pm

Transcript

ROBERT SIEGEL, HOST:

House prices are going up. According to the S&P/Case-Shiller house price index in March, prices were up nearly 11 percent over the past year in the 20 cities surveyed. That's the fastest increase in seven years.

The cities with the three biggest increases were Phoenix, San Francisco and Las Vegas. For Vegas, prices have risen over 20 percent. It reminded me of touring ample vacant housing there with realtor Terri Monroe about a year-and-a-half ago.

(SOUNDBITE OF ARCHIVED INTERVIEW)

TERRI MONROE: They're asking 219.

Read more
Media
3:10 pm
Wed May 29, 2013

Two Newspapers Battle It Out For The New Orleans Market

Free introductory copies of the Baton Rouge Advocate's new New Orleans edition are seen next to copies of The Times-Picayune at Lakeside News in the New Orleans suburb of Metairie in September. The Baton Rouge newspaper started its own daily edition to try to fill the void left when The Times-Picayune scaled back its print edition to three days a week.
Gerald Herbert AP

Originally published on Fri May 31, 2013 1:26 pm

Last year when New Orleans' main paper, The Times-Picayune, laid off dozens of newspaper employees and cut its circulation to three times a week, residents were shocked.

Sharron Morrow and her friends had bonded over the morning paper at a local coffee shop for the past 20 years.

"I've stopped my subscription, and I mourn the paper almost every day," she says.

Shifting Media Players

Read more
Business
2:21 pm
Wed May 29, 2013

What's Under Youngstown May Help What's On Top

By leasing land for drilling, city leaders in Youngstown, Ohio, hope to generate funds to demolish vacant buildings.
M.L. Schultze for NPR

Originally published on Wed May 29, 2013 6:18 pm

A century ago, when fiery steel mills were roaring to life in Youngstown, Ohio, builders were racing to put up homes, storefronts, barbershops and more.

Today, many of those buildings sit empty and rotting. With the mills mostly gone and the population down 60 percent from 1960, to just 67,000, the city needs millions of dollars to tear down roughly 4,000 vacant structures.

Read more
The Two-Way
12:55 pm
Wed May 29, 2013

Nasdaq Agrees To $10M Penalty For Handling Of Facebook IPO

A year ago, before the initial public offering of stock, Nasdaq and Facebook were quite excited.
Emmanuel Dunand AFP/Getty Images

One year after Facebook's troubled initial public offering, the Securities and Exchange Commission announced Wednesday that it has "charged Nasdaq with securities laws violations resulting from its poor systems and decision-making ... [and that] Nasdaq has agreed to settle the SEC's charges by paying a $10 million penalty."

Read more
The Two-Way
11:52 am
Wed May 29, 2013

Tempest Over A Teapot: JC Penney Removes 'Hitler' Billboard

Photos of a JC Penney billboard in Culver City, Calif., spurred an online debate over whether the tea kettle resembles German tyrant Adolf Hitler.
Imgur, via KPCC

Originally published on Wed May 29, 2013 5:45 pm

After receiving complaints that a billboard advertisement included an image resembling Adolf Hitler, JC Penney has reportedly taken the sign down. The move came after images of the billboard in California's Culver City spurred a controversy on Reddit and elsewhere online. The retailer says any resemblance to the late leader of the Third Reich was unintended.

Read more

Pages