Business & Education

Economy
4:31 pm
Wed January 15, 2014

Fed Vice Chairman Nominee Taught Bernanke And Many Others

Originally published on Wed January 15, 2014 6:44 pm

Transcript

AUDIE CORNISH, HOST:

In other personnel news, the president has nominated Stanley Fischer to serve as the next vice chairman of the Federal Reserve. He would replace Janet Yellen, who's been promoted to chairman of the central bank. Yellen reportedly recruited Fischer personally to serve as her deputy. He spent much of the last decade running Israel's central bank.

As NPR's Scott Horsley reports, Stanley Fischer is credited with helping that country weather the financial crisis better than most and with training many of the world's top economists.

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Economy
4:31 pm
Wed January 15, 2014

Obama Unveils New Plans To Encourage Manufacturing Jobs

Originally published on Wed January 15, 2014 6:44 pm

Transcript

AUDIE CORNISH, HOST:

From NPR News, this is ALL THINGS CONSIDERED. I'm Audie Cornish.

MELISSA BLOCK, HOST:

And I'm Melissa Block. President Obama has been talking a lot lately about income inequality. Today, he visited a factory in North Carolina and announced new steps that he said would create more good-paying, middle class jobs. He plans to do that by boosting American manufacturing and at the center of that plan is a big idea: a new, federally-funded innovation institute.

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Business
4:31 pm
Wed January 15, 2014

Boeing Machinists' Plight Marks Changing Times For Labor

Boeing machinists and other supporters held a rally against the company's offer the day before the critical vote, which took place in early January.
Ashley Gross KPLU

Originally published on Wed January 15, 2014 7:36 pm

The mood at the Seattle union hall was quiet, almost funereal on the night Boeing workers narrowly approved an offer to build the company's new airliner, the 777X.

Members of the International Association of Machinists and Aerospace Workers who had gathered had wanted to reject the offer. But they were in a tight spot. They risked losing the bid to one of the 21 states hoping to step in.

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Shots - Health News
4:31 pm
Wed January 15, 2014

After Checking Blood Pressure, Kiosks Give Sales Leads To Insurers

SoloHealth owns 3,500 health screening kiosks like this one in San Francisco. In some states, the company sells customer contact information to insurers.
April Dembosky

Originally published on Thu January 16, 2014 3:56 pm

Those machines in drugstores and supermarkets that let people check their blood pressure also may be selling people's contact information to insurance companies trolling for new customers.

One of these kiosks sits in Aisle 10 of a Safeway in a city near San Francisco. Sitting down at the machine is like slipping into the cockpit of a 1980s arcade game. There are a big plastic seat and footrest for measuring weight and body mass index, a window for testing vision, and a blood pressure cuff. The kiosks don't charge people for the blood pressure measurement.

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The Two-Way
4:27 pm
Wed January 15, 2014

IMF's Lagarde: Any U.S. Budget Deal Is Better Than None

Christine Lagarde, who heads the International Monetary Fund, offered some positive comments about Congress on Wednesday.

Her assessment was a shade better than "faint praise," but something less than "Attaboy!"

Speaking at the National Press Club, Lagarde said she was pleased to see U.S. lawmakers have been moving forward "in a more orderly fashion" as they work on spending legislation.

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Planet Money
4:04 pm
Wed January 15, 2014

Paper Or Plastic: How Americans Buy Stuff, In 1 Graph

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Quick question: How many times do you pay for stuff in a given month? Not how much do you spend, but how many times do you exchange dollars for goods or services — pay a bill, put gas in your car, download a song from iTunes, pick up a sandwich for lunch, whatever.

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The Salt
3:19 pm
Wed January 15, 2014

German Farmers Fear For Europe's Bacon With U.S. Trade Deal

German farmer Rudolf Buehler and other opponents of the Transatlantic Free Trade Agreement protest with 17 pigs in front of the chancellor's office building in Berlin on Wednesday.
Soraya Sarhaddi Nelson NPR

Originally published on Wed January 15, 2014 8:12 pm

When German farmers and activists descended upon Chancellor Angela Merkel's office building Wednesday morning, they brought along some special guests — 17 pigs. The stunt was the latest European backlash against a proposed free trade deal with the U.S. that could lift restrictions on American meat sold in Europe.

Under the watchful eye of German police officers, the pigs munched happily on straw strewn across the pavement to keep the herd from running amok.

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The Two-Way
3:18 pm
Wed January 15, 2014

Regions Bank To Discontinue Payday Loan Program

Originally published on Fri January 17, 2014 10:15 am

One of several banks that offer payday loans is getting out of the business.

Regions Bank announced Wednesday that it will discontinue its "deposit advance" product known as Ready Advance.

Deposit advances are small, costly loans that bank customers take out between paychecks, and pay back automatically when a scheduled direct deposit comes through.

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All Tech Considered
12:40 pm
Wed January 15, 2014

How Virtual Currency Could Make It Easier To Move Money

The world's first Bitcoin ATM opened at a Canadian coffee shop in Vancouver last year. But, Bitcoin use is far from mainstream at the moment.
David Ryder Getty Images

Virtual money could have very real effects for companies that help people transfer money.

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The Two-Way
10:16 am
Wed January 15, 2014

Piracy On High Seas At Lowest Level In 6 Years, Report Says

Troops from the EU Naval Force warship FS Aconit intercepting a group of suspected pirates off Somalia in March 2012. Multinational naval patrols in the area have been partly credited with reducing incidents of piracy.
Danile Costantini Maxppp/Landov

Originally published on Wed January 15, 2014 11:37 am

Piracy at sea has hit a six-year low, thanks largely to a steep drop in attacks by Somali pirates operating in the Indian Ocean, according to a new report by the International Maritime Bureau.

The maritime watchdog says there were 264 strikes against shipping worldwide last year — a drop of 40 percent since attacks peaked in 2011. And there were just 15 attacks off the coast of Somalia; by comparison, that same area saw 75 attacks in 2012 and 237 the year before.

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Economy
6:16 am
Wed January 15, 2014

Long-Term Unemployed Say N.C. Law Is Unfair

Originally published on Wed January 15, 2014 6:30 am

Transcript

RENEE MONTAGNE, HOST:

President Obama today heads to Raleigh, North Carolina to talk about the economy. He is expected to call upon Congress to try again to extend federal unemployment benefits. In Washington yesterday, Republicans in the Senate blocked a bill that would have restored the benefits that ended last month for 1.3 million Americans. But in North Carolina, a state law has prevented people there from getting the benefits since last July. North Carolina Public Radio's Leoneda Inge examines the impact of shortened help.

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Technology
6:16 am
Wed January 15, 2014

Court: FCC Can't Enforce Net Neutrality

Originally published on Wed January 15, 2014 6:30 am

Transcript

RENEE MONTAGNE, HOST:

Over the years, Americans have grown used to getting anything they want when they want it on the Internet. But yesterday a federal appeals court ruled that the Federal Communications Commission cannot require Internet providers to offer unfettered access. It was Verizon that brought the case against the FCC. The ruling could have far-reaching implications for what's known as net neutrality. Here's NPR's Laura Sydell to help us out with what all this means. Welcome.

LAURA SYDELL, BYLINE: Hello. Good morning.

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Business
4:28 am
Wed January 15, 2014

Minn. Orchestra And Union Musicians End Extensive Lockout

Originally published on Wed January 15, 2014 6:30 am

The Minnesota Orchestra hasn't performed in its concert hall in Minneapolis in 488 days. The musicians and orchestra management have been locked in a bitter labor dispute. But on Tuesday, musicians agreed to a new contract ending the longest work stoppage for any symphony orchestra in U.S. history.

Business
4:27 am
Wed January 15, 2014

Gamers Asked To Invest In 'Broken Age' Part 2

Gamemaker Tim Schafer revolutionized how to fund creative projects in his industry. He used funds from a Kickstarter campaign to raise money for an Internet game, bypassing corporate backing. His success influenced other gamers. And on Tuesday, the people who helped fund his project got to point-and-click their way through his new adventure.

The Salt
2:04 am
Wed January 15, 2014

Soon To Be Big In Japan, Jim Beam's Roots To Stay In Kentucky

In a $16 billion deal this week, Japanese beverage giant Suntory announced it plans to purchase Beam Inc., maker of Jim Beam and owner of other popular bourbon brands, including Maker's Mark.
Bruce Schreiner AP

Originally published on Wed January 15, 2014 9:48 am

In a $16 billion deal this week, Japanese beverage giant Suntory announced it plans to purchase Beam Inc., the maker of Jim Beam bourbon and the owner of other popular bourbon brands like Maker's Mark.

Those and most other bourbons are made in Kentucky, and the deal has some hoping the drink's growth in the global market won't come at the expense of its uniquely Kentucky heritage.

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