Business & Education

Economy
2:29 am
Wed January 8, 2014

Kentucky County That Gave War On Poverty A Face Still Struggles

President Lyndon Johnson, on the porch of Tom Fletcher's cabin, listens to Fletcher describe some of the problems in Martin County, Ky., in 1964.
Bettmann Corbis

Originally published on Mon April 28, 2014 1:31 pm

Fifty years ago today, President Lyndon Johnson stood before Congress and declared an "unconditional war on poverty in America." His arsenal included new programs: Medicaid, Medicare, Head Start, food stamps, more spending on education, and tax cuts to help create jobs.

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Business
5:36 pm
Tue January 7, 2014

Lindsey Vonn Is Out, But Some Advertisers May Still Win

Skier Lindsey Vonn in Vail, Colo., in November. Vonn's high profile has won her several lucrative commercial sponsors, including Red Bull, Procter & Gamble, Under Armour and Rolex, among others.
Doug Pensinger Getty Images

Originally published on Wed January 8, 2014 7:50 am

Lindsey Vonn's decision to sit out next month's Olympic Games because of a knee injury is surely a personal and professional disappointment for the Alpine skiing star. But Olympic athletes with Vonn's star power also mean big advertising dollars — and not competing in Sochi may create winners and losers among the skier's sponsors.

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All Tech Considered
4:39 pm
Tue January 7, 2014

Tech Fit For The Showroom, But The Runway Might Have To Wait

The Navigate Jacket from Wearable Experiments uses GPS navigation and a mapping app on the wearer's smartphone to signal directions. It's part of a new trend of wearable tech that some speculate will be a billion-dollar industry.
Rupert Kaldor Wearable Experiments

Originally published on Wed January 8, 2014 9:27 am

The human body is a limited piece of real estate.

For years, tech companies raced to make the smartphone a beautiful device with soft curves and bright screens. Now, the industry is racing to make clothes that free up your hands from the phone while still connecting you to streams of digital information.

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Business
1:19 pm
Tue January 7, 2014

JPMorgan Chase Settles Madoff Case For $1.7 Billion

Originally published on Wed January 8, 2014 5:56 am

JPMorgan Chase & Co. has agreed to pay $1.7 billion to settle criminal charges accusing the bank of ignoring obvious warning signs of Bernard Madoff's massive Ponzi scheme.

Education
12:20 pm
Tue January 7, 2014

How To Successfully Link GED Tests And Jobs

Originally published on Wed January 8, 2014 2:15 pm

Transcript

MICHEL MARTIN, HOST:

This is TELL ME MORE from NPR News. I'm Michel Martin. In a few minutes, we will hear from former Minnesota Vikings punter Chris Kluwe. He had a solid eight-year career in the NFL until he was released last year. Now he's saying in a newly released open letter that it was his support for same-sex marriage off the field, not his performance on it, that cost him his job. He'll tell us more about why he thinks that in just a few minutes.

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Code Switch
11:52 am
Tue January 7, 2014

8 Reasons Why The Rent Is Too Damn High

Housing costs keep climbing, and outpacing many people's ability to afford them. But the reasons why are complex and interrelated, which means it's a problem with no simple solution.
Kevin Dooley Flickr

Originally published on Tue January 7, 2014 5:09 pm

In the comments section of a recent Code Switch post, a reader named Aboubacar Ndiaye gave a long but thoughtful explanation for the many reasons why housing costs are rising, and why there's no easy solution to the problem. He was gracious enough to expand on his thoughts in this commentary.

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The Salt
10:57 am
Tue January 7, 2014

Smithfield Prods Its Pork Suppliers To Dump Pig Crates

Originally published on Tue January 7, 2014 3:55 pm

Smithfield, the world's largest hog and pork buyer, announced Tuesday that it's asking the independent farmers with whom it has contracts to get rid of stalls for pregnant sows to improve the animals' living conditions.

To nudge these farmers to make the changes to their facilities by 2022, Smithfield is offering to extend their contracts once they've converted their gestational stalls into group houses, which are generally considered more humane.

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The Two-Way
9:06 am
Tue January 7, 2014

JPMorgan Chase To Pay $1.7 Billion To Madoff Victims

Bernard L. Madoff in 2009.
Timothy Clary AFP/Getty Images

Originally published on Tue January 7, 2014 3:30 pm

After striking a deal with federal prosecutors, JPMorgan Chase has agreed to pay $1.7 billion to the victims of Bernard Madoff's multibillion-dollar Ponzi scheme.

The bank will be criminally charged with two violations of the Bank Secrecy Act and will admit to the violations. But under the agreement, the bank will receive a deferred prosecution.

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The Two-Way
7:12 am
Tue January 7, 2014

Senate Votes To Move Ahead On Extending Unemployment Benefits

President Obama listens as Katherine Hackett of Moodus, Conn., speaks during an event in the East Room of the White House in Washington, on Tuesday.
Susan Walsh AP

Originally published on Tue January 7, 2014 12:25 pm

This post was updated at 12:00 p.m. ET.

A three-month extension of federal unemployment benefits for 1.3 million jobless Americans won a key procedural vote in the Senate on Tuesday.

The 60-37 vote indicates there's enough Republican support to move the Emergency Unemployment Compensation, which expired on Dec. 28, forward to a full vote. As The Associated Press writes, the measure "is the leading edge of a Democratic program that also includes raising the minimum wage and closing tax loopholes on the wealthy and corporations."

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Business & Education
6:07 am
Tue January 7, 2014

UA Geologist to get White House honor

Whitehouse.gov

TUSCALOOSA, Ala. (AP) — President Barack Obama has named University of Alabama geologist Samantha Hansen as one of the recipients of the Presidential Early Career Awards for Scientists and Engineers. The awards recognize scientists and engineers in the early stages of their independent research careers. The University of Alabama said Hansen is using energy signals from earthquakes to better understand how the Transantarctic mountain range was formed across Antarctica.

NPR Story
3:59 am
Tue January 7, 2014

Microsoft Reveals 'Epic' Xbox Sales

Originally published on Wed January 8, 2014 5:56 am

Transcript

DAVID GREENE, HOST:

NPR's business news starts with console sales.

(SOUNDBITE OF MUSIC)

GREENE: Microsoft announced sales of its new Xbox One topped three million units by the end of 2013. In a blog post, the company called it the most epic launch of Xbox, by all measures.

The third-generation console was available a week before Thanksgiving. It's been competing with Sony's new baby, Playstation 4, which also launched in November. Transcript provided by NPR, Copyright NPR.

Business
3:59 am
Tue January 7, 2014

Class Trumps Race When It Comes To Internet Access

Smartphones offer a way for lower-income people who don't have broadband access at home to connect to the Internet.
iStockphoto

Originally published on Wed January 8, 2014 5:56 am

A new study from the Pew Research Center finds that age and income play a larger role than race when it comes to high-speed Internet access. Lower-income African-Americans often buy smartphones to compensate for not having a broadband connection at home. Smartphones, however, may not be enough.

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Business
3:59 am
Tue January 7, 2014

In 2012, Health Care Costs Grow More Slowly Than U.S. Economy

Originally published on Wed January 8, 2014 5:56 am

Transcript

RENEE MONTAGNE, HOST:

It's MORNING EDITION from NPR News. Good morning, I'm Renee Montagne.

DAVID GREENE, HOST:

I'm David Greene.

We have been hearing for, well, what feels like forever about skyrocketing health care costs. It's at the center of debates in Washington and state capitals. And many people feel the impact on their wallets and pocketbooks. But here's this reality: Spending on health care, while still going up, appears to be rising more slowly. 2012 was the fourth straight year of modest growth.

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NPR Story
3:59 am
Tue January 7, 2014

Colo. Marijuana Merchants Forced To Deal Mostly In Cash

Originally published on Wed January 8, 2014 5:56 am

Transcript

RENEE MONTAGNE, HOST:

And today's last word in business today is: cash only.

Colorado's retailers may be allowed to sell marijuana now, but under federal law, the state's banks cannot knowingly do business with them.

DAVID GREENE, HOST:

This has forced marijuana merchants in the state to operate almost solely in cash. Denver's city council, not happy. They called yesterday for Washington to change the law.

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All Tech Considered
5:21 pm
Mon January 6, 2014

CES 2014: Toothbrush? Bed? Car? Put Some Internet On It

The Kolibree toothbrush, billed as the world's first Internet-connected toothbrush, monitors dental hygiene.
Robyn Beck AFP/Getty Images

Originally published on Tue January 7, 2014 10:18 am

The International Consumer Electronics Show is nothing less than a gadget-lover's dream.

Every year thousands of companies from all over the world flock to Las Vegas in the first week in January to show off the products they hope to sell in the coming year. What began as a trade show featuring the latest high-fidelity stereos 40 years ago has become an annual electronics circus.

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