Business & Education

Business
5:56 am
Wed December 11, 2013

It's The End Of The Road For VW's Iconic Van

Originally published on Wed December 11, 2013 9:10 am

The iconic Volkswagen van goes out of production this month in Brazil because of new government-imposed safety requirements. Some of the last of the hippy buses are now rolling off the line.

Business
5:56 am
Wed December 11, 2013

GM Plans To Leave Australia

Originally published on Wed December 11, 2013 9:10 am

General Motors says high costs and a small market were behind its decision to stop making cars in Australia by 2017. This is fueling fears Toyota will follow suit, effectively killing Australia's auto industry. The GM move could see up to 40,000 auto workers lose their jobs.

The Salt
5:14 pm
Tue December 10, 2013

Congressional Work On Farm Bill Likely To Spill Into 2014

Senate Agriculture Committee Chairwoman Sen. Debbie Stabenow, D-Mich., and House Agriculture Committee Chairman Rep. Frank Lucas, R-Okla., during a Dec. 4 break in negotiations on the farm bill. On Tuesday, Stabenow said the bill likely won't pass Congress until January.
J. Scott Applewhite AP

Originally published on Tue December 10, 2013 6:14 pm

House and Senate negotiators working to finish a farm bill say it is unlikely their work will be completed before the end of the year. The House is only in session for the rest of the week, and according to one of the negotiators, this week's snowy weather has delayed some numbers-crunching needed to figure out how much elements of a possible deal will cost.

"We're going to pass it in January," said Senate Agriculture Committee Chairwoman Debbie Stabenow, D-Mich., as she left a closed-door meeting to negotiate details of the five-year farm bill.

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Shots - Health News
3:49 pm
Tue December 10, 2013

To Fight Meningitis Outbreak, Princeton Tries European Vaccine

The Ivy League school has begun vaccinating nearly 6,000 students to try to stop an outbreak of type B meningitis in an unusual federal government-endorsed administration of a drug not generally approved for use in the U.S.
Mel Evans AP

Princeton University has started vaccinating students against type B meningitis in an effort to stop an outbreak that's infected at least eight people.

The vaccine isn't approved for general use in the United States, though it is available in Europe, Australia and Canada. But the meningitis strain that hit the New Jersey campus isn't fazed by the vaccines typically used in the U.S. The Food and Drug Administration is allowing a Novartis vaccine that's usually sold in other countries to be administered on the Princeton campus.

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Business
3:29 pm
Tue December 10, 2013

Volcker Rule Sets Tough Standards, High Regulatory Expectations

Originally published on Wed December 11, 2013 11:30 am

Transcript

AUDIE CORNISH, HOST:

For more on just how the Volcker rule will work and how it will be enforced, we're joined by Simon Johnson. He's professor at the MIT Sloan School of Management, and he's a member of the FDIC's systemic resolution advisory committee. Welcome to the program.

SIMON JOHNSON: Thanks for having me.

CORNISH: So let's talk more about proprietary trading. Give us some specific examples of this.

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Business
3:29 pm
Tue December 10, 2013

Regulators Tighten Bank Rules To Curb Risky Wall Street Trades

Originally published on Wed December 11, 2013 11:30 am

Transcript

AUDIE CORNISH, HOST:

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

MELISSA BLOCK, HOST:

And I'm Melissa Block.

Federal regulators today approved a tough new set of restrictions on the kinds of trading that banks can do. The so-called Volcker rule largely prohibits FDIC-protected banks from trading securities for their own financial gain. It's part of the Dodd-Frank overhaul passed three years ago.

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Business
3:29 pm
Tue December 10, 2013

GM's New CEO Will Be First Woman To Drive A Major Car Company

Originally published on Wed December 11, 2013 11:30 am

Transcript

MELISSA BLOCK, HOST:

From NPR News, this is ALL THINGS CONSIDERED. I'm Melissa Block.

AUDIE CORNISH, HOST:

And I'm Audie Cornish.

It's been a big week for General Motors and it's only Tuesday. Yesterday, the Treasury Department sold off its remaining shares in the auto giant. That ends one of the most tumultuous periods in company history. Now, GM turns a page with a new CEO, Mary Barra.

As NPR's Sonari Glinton reports, she will become the first woman CEO of a major automaker.

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Business
3:04 pm
Tue December 10, 2013

GM Gives A Woman The Keys To Drive Its Future

Mary Barra speaks at the North American International Auto Show in Detroit earlier this year. General Motors has picked her to lead the company.
Rebecca Cook Reuters/Landov

Originally published on Tue December 10, 2013 4:29 pm

She's not the first woman to head a global corporation.

Ginni Rometty runs IBM, and Indra Nooyi heads PepsiCo. Don't forget Ursula Burns at Xerox and Meg Whitman at Hewlett-Packard. There's Marissa Mayer at Yahoo.

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The Two-Way
2:55 pm
Tue December 10, 2013

Regulators Approve Rule To Rein In Banks' Risky Trades

President Obama with Paul Volcker at the White House in 2009. Volcker, who headed the President's Economic Recovery Advisory Board, lent his name to a new rule aimed at curbing risk-taking on Wall Street.
Brendan Smialowski Getty Images

Originally published on Tue December 10, 2013 7:33 pm

The Volcker rule, a centerpiece of the 2010 Dodd-Frank financial law aimed at stopping some of the risky banking practices that contributed to the economic meltdown, was approved by five key regulators on Tuesday, clearing the way for its implementation.

The U.S. Commodity Futures Trading Commission became the fifth and final body to approve the rule. The Federal Reserve and the Federal Deposit Insurance Corp. were also among the agencies that gave the green light.

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Code Switch
2:33 pm
Tue December 10, 2013

In A Small Missouri Town, Immigrants Turn To Schools For Help

Abbie Fentress Swanson Harvest Public Media

Originally published on Wed December 11, 2013 11:30 am

This story comes to us from Harvest Public Media, a public radio reporting project that focuses on agriculture and food production issues. You can see more photos and hear more audio from the series here. Wednesday, we'll have a story from a meatpacking plant in Garden City, Kan., which takes a proactive stance toward its newest immigrants.

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Code Switch
1:53 pm
Tue December 10, 2013

When Buying A Home Is Too Costly And The Rent Is Too Damn High

Jimmy McMillan ran for governor of New York state in 2010 as the candidate from the Rent is 2 Damn High party. (Party platform: The rent is too damn high!) The cost of renting a home is swallowing an ever larger portion of Americans' incomes.
Kathy Kmonicek AP

Originally published on Tue December 10, 2013 4:50 pm

Back in 1995, more than half of all people of color rented their homes — almost twice the proportion of white renters. Then the Clinton administration pushed policies to bolster homeownership rates, and those numbers began a gradual, decade-long decline. The number of people of color renting fell below 50 percent. This coincided with an increased willingness by lenders to extend credit including to subprime borrowers.

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Planet Money
11:19 am
Tue December 10, 2013

Do Americans Spend More On Video Games Or Movies?

PricewaterhouseCoopers

Originally published on Tue December 10, 2013 12:34 pm

Americans spend more on video games than on tickets to the movies. Grand Theft Auto V was the fastest-selling entertainment product of all time, with sales of $1 billion in just three days.

But when you factor in everything — not just movie tickets, but on demand, rentals, etc. — Americans still spend way more on movies than they do on video games.

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Business
11:11 am
Tue December 10, 2013

Volcker Rule Aims To Rein In Banks' Risky Trades

American bank regulators unveiled the final version of the so-called Volcker Rule, which prohibits banks from trading stocks, bonds and derivatives for their own accounts. For more, Steve Inskeep speaks to NPR's Jim Zarroli.

Your Money
10:59 am
Tue December 10, 2013

Maximize Your Cash Flow By Selling Your Stuff

Transcript

CELESTE HEADLEE, HOST:

This is TELL ME MORE from NPR News. I'm Celeste Headlee. If your wallet's already hurting this holiday season, we're going to spend the next part of the program helping you out a little. In a few minutes, we'll find out how to make the most money selling your used car. But first, some financial experts say if you're looking for extra cash, look no further than common things in your own house.

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Economy
10:59 am
Tue December 10, 2013

Puerto Rico Bound For Bailout?

Transcript

CELESTE HEADLEE, HOST:

This is TELL ME MORE from NPR News. I'm Celeste Headlee. Michel Martin is away. We're going to spend some time today talking about money. In a few minutes, we'll ask how you can make some extra cash by selling either the junk around your house or the junker in your driveway.

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