Economy & Business

Business news

Transcript

(SOUNDBITE OF MUSIC)

DAVID GREENE, HOST:

NPR's business news starts with a big blogging buyout.

Today, Yahoo announced its purchase of the blogging site Tumblr. The $1.1 billion deal was unanimously approved by Yahoo's board. Analysts say the acquisition is Yahoo's attempt to revitalize itself.

NPR's Kirk Siegler has more.

Transcript

DAVID GREENE, HOST:

Two ports, the Ports of Los Angeles and Long Beach, handle almost half of all of the consumer goods being shipped into the United States. Together, these two ports are also the single largest polluter in Southern California, a region famous for its smog.

NPR's Kirk Siegler reports on a new California law that will soon require some of the largest diesel-guzzling ships to kill their engines and plug in to shore power at the docks.

The Last Word In Business

May 20, 2013

Alongside a freeway in Northern California is a billboard which reads: Pivot to Canada. The billboard is urging high-tech immigrants living in the U.S. to pay attention to Canada. Canada wants to attract highly-skilled, foreign-born tech workers who are fed up with the visa process that they must follow to remain in the U.S.

Poverty has grown everywhere in the U.S. in recent years, but mostly in the suburbs. During the 2000s, it grew twice as fast in suburban areas as in cities, with more than 16 million poor people now living in the nation's suburbs — more than in urban or rural areas.

Elizabeth Kneebone, a fellow with the Metropolitan Policy Program at the Brookings Institution, says this shift in poverty can be seen in Montgomery County, Md., right outside the nation's capital.

The Wall Street Journal has this breaking news from the tech world:

"The Yahoo board has approved a deal to pay $1.1 billion in cash for the blogging site Tumblr."

The Journal, the only outlet reporting the approval, is sourcing its story to "people familiar with the matter." Lauren Armstrong, a Yahoo spokeswoman, told us in an email that they "don't comment on rumors or speculation."

Transcript

RACHEL MARTIN, HOST:

One hundred and forty years ago this month, a German immigrant named Levi Strauss patented the first pair of jeans ever made. During the California gold rush, Strauss traveled across the country to set up a West Coast branch of his family's dry goods business. That business changed forever when Strauss got a letter from a tailor named Jacob Davis.

Stories Of Hope Amid America's 'Unwinding'

May 19, 2013

According to New Yorker writer George Packer, there used to be a kind of deal among Americans — a deal in which everyone had a place.

"People were more constrained than they are today, they had less freedom," he says, "but they had more security and there was a sense in which each generation felt that the next generation would be able to improve itself, to do better."

Tesla Motors, the American maker of luxury electric cars, has been riding a wave of good publicity.

Its Model S sedan (base priced at $62,400, after federal tax credits) was just named Motor Trend Car of the Year. Reviewers at Consumer Reports gave the lithium-ion battery powered vehicle a rave.

And the company, headed by billionaire innovator Elon Musk, 41, posted a profit for the first time in its 10-year history — powered in part by zero-emission environmental credits.

Summer is almost here, and with it comes the army of interns marching into countless American workplaces. Yet what was once an opportunity for the inexperienced is becoming a front-line labor issue.

More and more, unpaid and low-paid interns are feeling their labor is being exploited. Some are even willing to push back — with lawsuits.

For years, reports have suggested that Afghanistan is sitting on massive deposits of copper, gold, iron and rare earth minerals valued up to $3 trillion. This provides hope for a future economy that would not have to rely so heavily on foreign donations.

But with an uncertain political, regulatory and security environment, international investors are hesitant. And it could be many years before Afghanistan begins extracting its mineral wealth.

Flax is the oily seed usually spotted in the nutritional supplement or cereal aisles. It's marketed as a superfood because of its high levels of omega-3 fatty acids and fiber.

Omega-3s may do all kinds of good things for humans — like protect against Alzheimer's, heart disease and even cancer — so it seems reasonable to think they could also protect the health of animals.

How Best To Encourage Black 'Teenpreneurs'

May 17, 2013

Transcript

CELESTE HEADLEE, HOST:

This is TELL ME MORE, from NPR News. Michel Martin is away. I'm Celeste Headlee. Coming up, it's National Bike to Work Day, but many millennials prefer two wheels to four. Why more 20-somethings are driving less. That's just ahead.

Transcript

CELESTE HEADLEE, HOST:

From teens with drive, we turn now to young people who have no interest in driving. This is National Bike to Work Day, and a substantial number of millennials choose bikes or public transportation or their feet to get around instead of cars. That's according to the U.S. Public Interest Research Group, or PIRG, which concluded that the 20th century driving boom is over.

Paul Eisenstein has written about this trend. He's the editor of TheDetroitBureau.com, and he joins me now. Welcome.

Desktop Diaries: Daniel Kahneman

May 17, 2013

Transcript

IRA FLATOW, HOST:

Flora Lichtman is here with our video pick. Flora, you have the next installment in our Desktop Diaries series in which you get to know scientists by asking them about their desk trinkets.

FLORA LICHTMAN, BYLINE: That's right.

FLATOW: And who do we have today?

Giving It Away

May 17, 2013

You can give away almost anything — your time, money, food, your ideas. In this hour, stories from TED speakers who are "giving it away" in new and surprising ways, and the things that happen in return.

Copyright 2013 NPR. To see more, visit http://www.npr.org/.

Pages