Business & Education

Code Switch
2:05 am
Tue April 1, 2014

Lending Circles Help Latinas Pay Bills And Invest

Alicia Villanueva gives change to a customer at Off the Grid, a weekly street-food market in San Francisco.
Sarah Peet Sarah Peet Photography

Originally published on Tue April 1, 2014 7:50 am

As part of its Changing Lives of Women series, Morning Edition is exploring women and their relationship with money: saving, purchasing and investing for themselves and their families.

Cuban-American Barb Mayo describes a tanda like this: "It's like a no-interest loan with your friends." Mayo had never heard of tandas growing up, and it wasn't until she started working in sales for a cable company in Southern California that she was introduced to the concept.

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All Tech Considered
5:57 pm
Mon March 31, 2014

The New Mozilla CEO's Political Past Is Imperiling His Present

Mozilla's new CEO, Brendan Eich, pictured in 2009.
Casey Dunn Flickr

Originally published on Tue April 1, 2014 9:25 am

For the Internet community, the principles of free speech and equal rights are foundational. But in recent days, those issues are clashing at Mozilla, the nonprofit foundation and tech company behind the Firefox browser.

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Business
5:13 pm
Mon March 31, 2014

The Long Road To GM's Ignition Switch Recall

Chevy Cobalts on the assembly line in Ohio in 2008. Documents show General Motors was aware of problems with the car's ignition switch years before, but failed to act.
Ron Schwane AP

Originally published on Tue April 1, 2014 11:08 am

The new head of General Motors, Mary Barra, goes to Capitol Hill Tuesday to begin two days of testimony.

It's the first time she'll be questioned about a safety defect that's been linked to at least 13 deaths and has sparked a 2.6 million-vehicle recall.

At issue for the Detroit CEO is a classic question: What did GM know about the problems with ignition switch problems in its cars, and when did the company know it?

And just as important for GM and government regulators is the follow-up question: Why did no one act sooner?

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Shots - Health News
4:36 pm
Mon March 31, 2014

British Drugmaker Funds Research On Chronic Disease In Africa

Andrew Witty, CEO of GlaxoSmithKline, says that better control of infectious diseases in Africa is allowing chronic diseases to come to the surface.
Mark Lennihan AP

Originally published on Tue April 1, 2014 2:31 pm

One of the world's largest drugmakers says it will invest more than $200 million in Africa over the next five years in a push for better treatment of noncommunicable diseases there.

GlaxoSmithKline said the funding would be focused on sub-Saharan Africa, where the company already employs about 1,500 people and operates three factories. The money would go toward building five more factories and funding of research and development focused on the region.

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Business
3:33 pm
Mon March 31, 2014

Timeline: A History Of GM's Ignition Switch Defect

Consulting materials engineer Mark Hood shows the ignition assembly that has a faulty ignition switch (black piece at left), in the mechanical testing laboratory at McSwain Engineering Inc. in Pensacola, Fla. The firm helped to conduct the engineering investigations and failure analysis that resulted in the GM recall.
Michael Spooneybarger Reuters/Landov

Originally published on Thu April 3, 2014 6:08 pm

In February, General Motors issued sweeping recalls for several models suspected of having a faulty switch that automatically turns the car's engine off and prevents air bags from deploying — while the car is in motion. More than 2.6 million cars have been recalled so far.

At the core of the problem is a part in the vehicle's ignition switch that is 1.6 millimeters less "springy" than it should be. Because this part produces weaker tension, ignition keys in the cars may turn off the engine if shaken just the right way.

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The Two-Way
1:37 pm
Mon March 31, 2014

Feds Will Require Rearview Cameras On Vehicles In 2018

The 2009 Ford Flex vehicle showing the rear-camera view.
Andy Cross Denver Post via Getty Images

Originally published on Mon March 31, 2014 2:39 pm

The National Highway Traffic Safety Administration will require all new vehicles — from small subcompacts to commercial vans — to have "rear visibility technology" beginning in May 2018.

The new rule essentially mandates that all vehicles be equipped with a rearview camera.

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The Two-Way
11:56 am
Mon March 31, 2014

Stocks Rise After Fed's Yellen Says Economy's Not So Hot

Federal Reserve Chair Janet Yellen speaking Monday in Chicago.
John Gress Reuters/Landov

Originally published on Mon March 31, 2014 1:01 pm

Just under two weeks ago, Federal Reserve Chair Janet Yellen emerged from her first meeting as head of the central bank's policymaking committee to talk to reporters.

Stocks fell.

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Business
6:02 am
Mon March 31, 2014

Hobart 'Hobie' Alter Introduced Surfing To The Masses

Originally published on Mon March 31, 2014 6:55 am

Hobie Alter, who was considered the Henry Ford of surfboards, has died at age 80. He used foam to make surfboards that traditionally had been created from balsa wood.

Business
5:47 am
Mon March 31, 2014

Japan's Industrial Output Falls 2.3 Percent

Originally published on Mon March 31, 2014 6:55 am

Factories were apparently bracing for the fact that the country's sales tax went up Monday for the first time in 17 years — from 5 percent to 8 percent.

Business
5:15 am
Mon March 31, 2014

David Crisp To Be Sentenced In Massive Mortgage Fraud Case

Originally published on Mon March 31, 2014 6:55 am

Steve Inskeep talks to Gary Silverman of the Financial Times about a real estate fraud scheme that helped make Bakersfield, Calif., one of the home foreclosure capitals of the country.

Business
5:11 am
Mon March 31, 2014

Apple And Samsung Face Off In Court Again Over Patents

Originally published on Mon March 31, 2014 6:55 am

Each company claims the other one has swiped its patents. This time Apple is going after patents in the Android operating system that run Samsung's Galaxy S3.

Around the Nation
4:21 am
Mon March 31, 2014

Legal Action Initiated Over Malaysian Flight's Disappearance

Originally published on Mon March 31, 2014 6:55 am

A Chicago law firm is taking the first legal action against Malaysian Airlines and Boeing, the maker of the 777 that disappeared over the Indian Ocean, on behalf of the families of the passengers.

NPR Story
4:05 am
Mon March 31, 2014

New GM CEO To Face Congressional Panels Over Delayed Recall

Originally published on Mon March 31, 2014 6:55 am

Transcript

STEVE INSKEEP, HOST:

General Motors' CEO Mary Barra takes questions in Washington this week. She'll be asked about a defective ignition switch linked to at least 13 deaths and 30 injuries. General Motors has known about it since at least 2004, but only ordered a recall last month.

DAVID GREENE, HOST:

The House subcommittee examining the matter said on Sunday that the National Highway Traffic Safety Administration also knew about the issue and failed to investigate. The agency says there wasn't enough data to do so.

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Law
2:31 am
Mon March 31, 2014

Amid Pushback, Colorado Gun Control Measure Goes On Trial

It's a legal battle that is far from over. In 2013, Sheriff John Cooke (left) and other sheriffs in Colorado filed a federal civil lawsuit objecting to two gun control bills, saying they violate the Second Amendment. This week a crucial gun control measure goes to trial.
Brennan Linsley AP

Originally published on Mon March 31, 2014 12:21 pm

Tom Sullivan never thought much about guns or gun control — until his son was killed in the Aurora, Colo., movie theater shooting. The gunman wielded a rifle with a 100-round magazine.

Sullivan is convinced that if Colorado's ban on high-capacity magazines had been in effect, his son Alex may have had a chance.

"It was one second, and the next second he was dead," Sullivan says. "That was because of the high-capacity magazines."

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The Changing Lives Of Women
2:28 am
Mon March 31, 2014

When Planning For The Future, Women Have Been Hands Off

In Blue Jasmine, Cate Blanchett plays a wealthy New York socialite who has it all, loses it all and ends up delusional on a park bench.
Perdido Productions

Originally published on Mon March 31, 2014 11:46 am

It's a truism in the financial industry that women need to get more out of their money than men since they live longer and make less, especially if they take time out to care for children or aging parents. But it's also a given that they lack confidence when it comes to investing, something that's clear on a recent evening at the Women's Center in Vienna, Va.

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