Business & Education

Business
3:52 pm
Mon February 3, 2014

Lots Of Little Credit Charges Add Up To One Big Scam

Many consumers don't check their credit card bills carefully — which makes it easy to miss fraudulent charges.
iStockphoto

Originally published on Mon February 3, 2014 10:29 pm

Would you notice an unexpected charge of $10 or less on your credit card statement? Lots of consumers don't — and scammers count on that, says Steve Barnas, president and CEO of the Better Business Bureau in northern Illinois.

But Barnas says the Better Business Bureau is now hearing from consumers across the country about $9.84 credit charges for what look to be very innocuous purchases. But while they may seem legitimate, many are not.

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The Two-Way
3:02 pm
Mon February 3, 2014

'Time Is Short' On Debt Ceiling, Treasury Secretary Says

Treasury Secretary Jacob Lew on Monday.
Saul Loeb AFP/Getty Images

Originally published on Mon February 3, 2014 6:33 pm

Warning that "simply delaying action on the debt limit can cause harm to our economy," Treasury Secretary Jacob Lew repeated Monday that he believes Congress should act soon to raise that limit so the federal government avoids even looking like it might default on its debts.

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Your Money
10:31 am
Mon February 3, 2014

MyRA: Understanding President Obama's Retirement Savings Plan

Originally published on Mon February 3, 2014 1:23 pm

Transcript

MICHEL MARTIN, HOST:

This is TELL ME MORE from NPR News. I'm Michel Martin. We'd like to start the week talking about a subject that might be on your mind as you start preparing your taxes and you're pull out those bank statements. We want to talk about planning for retirement. Almost half of households in this country don't have enough savings to cover their retirement or even unexpected emergencies, that according to a new report from a group called the Corporation for Enterprise Development.

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The Two-Way
10:25 am
Mon February 3, 2014

Yellen Becomes Fed Chair, And Bernanke Heads To Think Tank

Janet Yellen smiles Monday before being sworn in as Federal Reserve Board chair at the Federal Reserve in Washington, D.C.
Charles Dharapak AP

Just as Janet L. Yellen was sworn in as the first woman to head the Federal Reserve, Ben Bernanke announced his next move on Monday.

The former fed chief, who saw the country through a recovery from the worst financial crisis since the Great Depression, will join Brookings' Hutchins Center on Fiscal and Monetary Policy.

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Shots - Health News
10:18 am
Mon February 3, 2014

10 Places Where Health Insurance Costs The Most

Health insurance premiums in Aspen, Colo., are among the highest in the country.
Andrew Wilz AP

Originally published on Mon February 3, 2014 1:12 pm

If you are buying health coverage in the Colorado ski resort towns, the Connecticut suburbs of New York City or a bunch of otherwise low-cost rural regions of Georgia, Mississippi and Nevada, you have the misfortune of living in the most expensive insurance marketplaces under the new health law.

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The Two-Way
6:05 am
Mon February 3, 2014

Budweiser's 'Puppy Love' Ad Wins Super Bowl Viewers' Hearts

Puppy + Clydesdale = awww.
Anheuser-Busch.com

Originally published on Mon February 3, 2014 1:29 pm

The Super Bowl sure didn't live up to expectations. Pigskin prognosticators told us it would be a close game between the NFL's two best teams.

Instead, Seattle won a 43-8 laugher. Denver was never really in it.

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Business
4:13 am
Mon February 3, 2014

Jury To Get Insider Trading Case Of Matthew Martoma

Originally published on Mon February 3, 2014 6:43 am

Transcript

RENEE MONTAGNE, HOST:

And a jury in New York is expected to begin deciding the fate of Matthew Martoma this week. A former portfolio manager at the hedge fund company SAC Capital Advisors, Martoma is accused of insider trading. Officials say he sold shares of two pharmaceutical companies after obtaining inside information about drugs being developed.

NPR's Jim Zarroli has more.

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Business
4:01 am
Mon February 3, 2014

United Airlines To Close Cleveland Hub

Originally published on Mon February 3, 2014 6:43 am

Transcript

STEVE INSKEEP, HOST:

NPR's business news starts with a Cleveland hub closure.

(SOUNDBITE OF MUSIC)

INSKEEP: United Airlines announced plans over the weekend to drop Cleveland Hopkins International Airport as one of its main hubs for connecting flights. Company officials say the hub has not turned a profit in more than a decade and loses tens of millions of dollars annually. How is that possible? It's one of the few airports I can remember where you can get a boilermaker.

Business
4:01 am
Mon February 3, 2014

J.C. Penney's Typo-Riddled Tweets Attract 'Free Media'

Originally published on Mon February 3, 2014 6:43 am

Free media is when you get exposure that's better than advertising. The company sent out some tweets during the Super Bowl but there were a lot of typos. The mistakes gained national attention. The company said it had been tweeting while wearing mittens — products Penney was promoting.

Shots - Health News
2:28 am
Mon February 3, 2014

What's Good For Baby Camels Could Be Good For Human Skin

Camels in Jordan supply the milk for a Missouri startup's skin-care line. The company is studying the milk's anti-inflammatory properties.
iStockphoto

Originally published on Mon February 3, 2014 3:17 pm

In parts of the Middle East, people drink camel's milk for its nutritional value. It boasts more vitamin C and iron than cow's milk, and it's lower in fat. But in the American Midwest, some people are rubbing camel's milk on their skin — in the form of a skin-care line from Jordan.

Penelope Shihab is the founder of a biotech company in Jordan — and the woman behind the Missouri startup that's working on the skin-care products.

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The Edge
2:25 am
Mon February 3, 2014

The Games Are A Great Party, But Not A Great Investment

Graffiti covers a vent adjacent to the Athens Olympic Stadium in this photo from Feb. 18, 2012. Expenditures on the 2004 Athens Summer Games contributed to the country's debt load, which sparked the current economic crisis.
Oli Scarff Getty Images

Originally published on Mon February 3, 2014 6:02 pm

NPR correspondents Ari Shapiro, in London, and Joanna Kakissis, in Athens, teamed up for this joint look at Olympics economics.

The Winter Olympics in Sochi are just a few days away. Russia has spent $50 billion on everything from construction to security, making these the most expensive games in history.

Countries often justify the Olympic-sized price tag by saying the investment pays off in increased business and tourism.

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Economy
5:44 pm
Sun February 2, 2014

Obama's State Of The Union And Your Economic Reality

President Barack Obama looks at a crank shaft as he tours General Electric's Waukesha Gas Engines facility on Thursday in Waukesha, Wis. as part of a four-stop tour he is making to expand on themes from his State of the Union address, including the economy.
AP

Originally published on Mon February 3, 2014 6:20 am

In his State of the Union speech Tuesday, President Obama stepped up to a podium before Congress and the country and declared that the state of our union was strong.

"Here are the results of your efforts: The lowest unemployment rate in over five years; a rebounding housing market; a manufacturing sector that's adding jobs for the first time since the 1990s," the president said.

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The Salt
3:10 pm
Sun February 2, 2014

Marijuana-Laced Treats Leave Colorado Jonesing For Food-Safety Rules

Truffles are among the many foods infused with THC – the chemical in marijuana that gives you a high — already for sale in Colorado.
Luke Runyon/KUNC/Harvest Public Media

Originally published on Tue February 4, 2014 11:00 am

Where there's pot, there's pot brownies. But how do you make sure those high-inducing sweets are safe to eat?

Colorado regulators are wrestling with that question now that the state has legalized recreational marijuana. From sodas and truffles to granola bars and butter, food products infused with THC – the chemical in marijuana that gives you a high — are already for sale.

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Business
8:53 am
Sun February 2, 2014

Should Uber Be Responsible For Driver Recklessness?

The transportation app Uber matches ride-seekers with drivers. Drivers must keep checking their phones to catch customers, and critics say that may have dangerous consequences on the road. Is Uber responsible for the risk?
Lucy Nicholson Reuters /Landov

Originally published on Tue February 4, 2014 10:04 am

A man named Syed Muzaffar drove for Uber, the San Francisco-based company that makes money selling car rides. He lives in a suburb of San Francisco and on New Year's Eve, he says, he was in the city for the sole purpose of picking up partygoers who needed a ride.

His night ended early and tragically, around 8 p.m., when he turned a corner and hit a family in a crosswalk.

"The mother sustained facial fractures," says Police Sgt. Eric Mahoney, who is investigating the case. "The 4-year-old boy suffered abrasions on his face, and the 6-year-old girl was fatally injured."

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Energy
4:17 pm
Sat February 1, 2014

How The U.S. Oil Boom Is Changing The Industry's Landscape

Originally published on Mon February 3, 2014 9:02 am

Transcript

ARUN RATH, HOST:

It's ALL THINGS CONSIDERED from NPR West. I'm Arun Rath.

There is an oil rush in North Dakota right now. That state is pumping out 10 times the crude oil it did just 10 years ago. Fortunes are being made and once-sleepy towns are now bursting at the seams. This week, NPR is exploring how this oil-drilling boom is changing North Dakota.

NPR's Jeff Brady is one of the reporters working on the series, and he joins me. Jeff, why is this rush for oil happening in North Dakota?

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