Business & Education

Politics
3:44 am
Thu October 10, 2013

10 Days Into Shutdown, 'We've Got To Do Better Than This'

Originally published on Thu October 10, 2013 6:39 am

Transcript

STEVE INSKEEP, HOST:

Now, the partial shutdown prompted angry debate across the country. But at the center of that debate, we found quiet yesterday. We dropped by a Senate office building where the halls were empty. Papers taped on doors read: We regret that due to the government shutdown our office is closed. *

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Planet Money
2:00 am
Thu October 10, 2013

What A U.S. Default Would Mean For Pensions, China And Social Security

iStockphoto.com

Originally published on Thu October 10, 2013 11:38 am

What would happen if Congress doesn't raise the debt ceiling and the U.S. defaults on its debt later this month? The broad economic implications are unpredictable, but a default could cause huge trouble for the global economy.

But whatever happens to the global economy, one thing is clear: People all over the world who have loaned the U.S. government money won't get paid on time.

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Business
1:56 am
Thu October 10, 2013

When It Comes To Jobs, Not All Small Businesses Make It Big

Sweetgreen co-founders Nathaniel Ru (from left), Jonathan Neman and Nicolas Jammet at the opening of a Virginia location last year.
Courtesy of Sweetgreen

Originally published on Wed October 16, 2013 3:38 pm

Part of a series about small businesses in America

When it comes to job creation, politicians talk about small businesses as the engines of the U.S. economy. It's been a familiar refrain among politicians from both major parties for years.

But it obscures the economic reality. It makes a nice slogan, but it's not really accurate to say that small businesses produce most of the nation's new jobs, says John Haltiwanger, an economics professor at the University of Maryland.

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Environment
1:56 am
Thu October 10, 2013

Whatever Happened To The Deal To Save The Everglades?

Mechanical harvesters cut sugar cane on U.S. Sugar Corp. land in Clewiston, Fla., in 2008, the same year the state struck a deal to buy most of the company's Everglades holdings.
Joe Raedle Getty Images

Originally published on Thu October 10, 2013 10:49 am

South of Florida's Lake Okeechobee, hundreds of thousands of acres of sugar cane thrive in the heart of one of the world's largest wetlands. The Everglades stretches from the tip of the peninsula to central Florida, north of Lake Okeechobee.

"The Everglades actually begins at Shingle Creek, outside of Orlando," says Jonathan Ullman of the Sierra Club.

That's nearly 200 miles north of the agricultural land that Ullman and other environmentalists say is crucial to state and federal efforts to restore the wetlands area to a healthy ecosystem.

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It's All Politics
5:50 pm
Wed October 9, 2013

Shutdown Diary: Paul Ryan's Plan Gets Tea Party Pushback

Rep. Paul Ryan, R-Wis., offered a path forward in the fiscal stalemate, but Tea Party hard-liners weren't impressed.
Mark Wilson Getty Images

Originally published on Wed October 9, 2013 6:13 pm

Are House Republicans still seeking Democratic concessions on the Affordable Care Act? Or have they switched their sights to even bigger targets: federal spending on entitlements like Medicare and Social Security?

The answer on Wednesday depended on which Republican you asked.

Paul Ryan's Pitch

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Business
4:50 pm
Wed October 9, 2013

Yellen Faces A Tough Job At The Fed From Day 1

President Obama stands with Janet Yellen, his choice to lead the Federal Reserve Board, at the White House on Wednesday.
Charles Dharapak AP

Originally published on Wed October 9, 2013 6:02 pm

Starting a new job is always tough. You want early success to prove you really were the right pick.

That's especially true if you happen to be the first woman to hold that job. Ever.

So when President Obama on Wednesday nominated Janet Yellen to lead the Federal Reserve, she might have had two reactions: 1) Yippee and 2) Uh-oh.

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Economy
4:37 pm
Wed October 9, 2013

Shutdown Leaves Would-Be Homeowners In Limbo

Originally published on Thu October 10, 2013 7:58 am

Transcript

ROBERT SIEGEL, HOST:

The longer the government shutdown continues, the more sectors in our economy are being affected. More and more, the housing market is feeling the pinch. Most economists think if the federal government reopens in the next few days, the damage won't be too bad. But already, some home sales are being delayed and even derailed, as NPR's Chris Arnold reports.

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Politics
4:37 pm
Wed October 9, 2013

Obama Makes Janet Yellen His Official Choice To Head The Fed

Janet Yellen is President Obama's choice to replace Ben Bernanke at the Federal Reserve. The announcement came Wednesday afternoon. If confirmed by the Senate, Yellen will be the first woman to lead the Fed.

Business
4:37 pm
Wed October 9, 2013

Trade Gets Sluggish As The Shutdown Leaves Agencies Shortstaffed

The government shutdown is starting to hamper trade. More than 40 federal agencies involved in trade shipments — from the EPA to the Commerce Department — have trimmed their staffs, resulting in a slowdown or halt of goods.

The Two-Way
2:59 pm
Wed October 9, 2013

Obama Nominates Janet Yellen To Head Federal Reserve

President Obama claps during a press conference to nominate Janet Yellen to head the Federal Reserve in the State Dining Room at the White House on Wednesday.
Win McNamee Getty Images

Originally published on Wed October 9, 2013 3:49 pm

Saying "American workers and families will have a champion in Janet Yellen," President Obama officially nominated her to chair the Federal Reserve, once Ben Bernanke completes his term in January.

Yellen "is the kind of person who makes everybody around her better," Obama said, adding that Yellen is "extremely well qualified" and "renowned for her good judgement."

Obama made the announcement at the White House on Wednesday, flanked by Yellen and outgoing Fed chief Ben Bernanke. If confirmed, Yellen will be the first woman to head the American central bank.

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All Tech Considered
2:25 pm
Wed October 9, 2013

An Innovation For Pain Relief That's Worthy Of Some Buzz

Buzzy uses high-frequency vibration and a cold pack to make shots, well ... if not enjoyable, then at least bearable.
MMJ Labs

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The Salt
12:11 pm
Wed October 9, 2013

Sweet. Tart. Crunchy: How To Engineer A Better Apple

The just-released Riverbelle is one of well over 100 new apple varieties to hit markets around the world in the past six years.
Courtesy of Honeybear Brands

Originally published on Wed October 9, 2013 3:04 pm

Browsing farmers markets this fall, you may find some new apple varieties mixed in with the Granny Smiths, McIntoshes and Fujis. Susan Brown, head of the apple breeding program at Cornell University, estimates that there have been 130 new apples released around the world in the past six years.

This summer, she contributed two more to that tally: the SnapDragon and the Ruby Frost.

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The Salt
11:25 am
Wed October 9, 2013

Meet Dave, A 19-Year-Old Craft Beer With A $2,000 Price Tag

Hair of the Dog releases a few bottles of Dave a year. In September, the 12 bottles of Dave on sale for $2,000 apiece sold out within a few hours.
Courtesy of Alan Sprints

Originally published on Fri October 11, 2013 5:00 pm

Hair of the Dog Brewery in Portland, Ore., makes a beer so rare, and so sought after, that it can fetch $2,000 a bottle.

It's called Dave. And no, it's not something out of a Portlandia sketch.

Dave is a barleywine — a strong, dark beer with 29 percent alcohol content. It's been aged for 19 years, first in oak barrels and then glass bottles.

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The Government Shutdown
11:20 am
Wed October 9, 2013

How The Shutdown Is Hurting The Housing Market

If interest rates go up due to the fear or reality of a debt default that would have major consequences for real estate sales.
Steven Senne AP

Originally published on Thu October 10, 2013 7:57 am

As with so many other types of economic activity, the government shutdown is causing more fear than actual harm in the housing market thus far.

But that doesn't mean things won't start going wrong in the very near future.

Various federal agencies play greater or lesser roles in real estate transactions. With most of them sidelined, simple matters such as closing on mortgages are becoming more complicated.

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The Two-Way
10:19 am
Wed October 9, 2013

Boston School Bus Drivers Back Behind The Wheel After Strike

School buses sit idle in a lot at Veolia Transportation, Boston's school bus contractor, on Tuesday
Stephan Savoia AP

Originally published on Wed October 9, 2013 2:52 pm

Hundreds of Boston school bus drivers are back on the job following a one-day strike that sent parents scrambling to find ways to get their kids to and from school.

The drivers' union said Wednesday that it had agreed to return to work after the company contracted by the school to run bus services, Veolia Transportation Inc., agreed to a meeting with the union. About 600 drivers had walked off the job.

Boston.com says:

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