Business & Education

Business
4:05 am
Fri September 6, 2013

G-20 Fears An End To Fed's Quantitative Easing

Originally published on Fri September 6, 2013 11:40 am

Transcript

STEVE INSKEEP, HOST:

Leaders of the world's largest economies complete their summit in St. Petersburg, Russia today.

NPR's Corey Flintoff reports this meeting has been marked by a growing divide between the most highly developed nations and emerging economies.

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Business
4:05 am
Fri September 6, 2013

Bidding War Breaks Out For Small Strip Of Land

Originally published on Fri September 6, 2013 11:40 am

Transcript

RENEE MONTAGNE, HOST:

And today's last word in business is: Bidding War.

The real estate market has been heating up in some popular locations - like the Hamptons.

STEVE INSKEEP, HOST:

And this week, two Wall Street types competed for a narrow lot bordering both of their properties there. And when we say narrow, the strip of land is almost 1,900 feet long - 1900 feet long and one foot wide.

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Parallels
4:05 am
Fri September 6, 2013

India's New Central Banker Steps Into A Perfect Storm

Raghuram Rajan, the new head of the Reserve Bank of India, has his work cut out for him. India's economic growth has crashed, its currency has plunged and prices are up.
Rajanish Kakade AP

Originally published on Fri September 6, 2013 7:54 pm

Raghuram Rajan, the new governor of India's central bank, swept into office this week infusing a sense of optimism.

He announced hard-headed measures Wednesday that remove uncertainty that has characterized the Reserve Bank of India's moves.

By Friday, Indian equities and the rupee were clawing back.

But analysts say the exuberance — and honeymoon with the suave MIT-trained economist — is unlikely to last.

After decadelong high growth rates, India is now the sick man of Asia.

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Sports
3:19 am
Fri September 6, 2013

Olympic Committee To Announce 2020 Summer Games Host

Tokyo's 2020 candidate city logo.
Juan Mabromata AFP/Getty Images

Originally published on Fri September 6, 2013 1:22 pm

Saturday in Buenos Aires, Argentina, the International Olympic Committee will announce the host of the 2020 Summer Games. The committee is choosing from among Istanbul, Madrid and Tokyo. The contenders all have strong selling points, but each also has serious issues clouding its bid.

Violent Crackdown Hangs Over Turkey's Bid

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Business
2:38 am
Fri September 6, 2013

Rates Come Down On Jumbo Mortgage Loans

iStockphoto.com

Originally published on Fri September 6, 2013 11:40 am

There is something new and different for home mortgages: Jumbo loans are being made at lower interest rates than traditional home loans. That's kind of like a first class airplane ticket being cheaper than riding in coach.

At first this seems crazy. For as long as anybody can remember, homeowners have had to pay a premium to get jumbo loans. That's because they're not guaranteed by the federal government. If they're not guaranteed, they're riskier, so they cost more in interest payments.

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The Salt
5:41 pm
Thu September 5, 2013

Was Your Chicken Nugget Made In China? It'll Soon Be Hard To Know

iStockphoto.com

Originally published on Tue September 10, 2013 11:52 am

Here's a bit of news that might make you drop that chicken nugget midbite.

Just before the start of the long holiday weekend last Friday, the U.S. Department of Agriculture quietly announced that it was ending a ban on processed chicken imports from China. The kicker: These products can now be sold in the U.S. without a country-of-origin label.

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All Tech Considered
4:27 pm
Thu September 5, 2013

The Curious Craigslist Market For Empty Phone, Laptop Boxes

Boxes of the new iPhone 5 are displayed at an Apple Store. On Craigslist, used, empty boxes are offered for at least $10.
Justin Sullivan Getty Images

A quick scan of Craigslist reveals a curious market for not just smartphones and computers but the empty packaging of smartphones and computers. On my local Craigslist, a MacBook Pro box — "box only," as the sales pitches read — goes for $19. A MacBook Air box will cost you $15. And a Samsung Galaxy S4 box sells for $10.

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U.S.
4:20 pm
Thu September 5, 2013

BP Wants To Halt Deepwater Horizon Claims Process

Crude oil that leaked from the Deepwater Horizon oil rig sits on the surface of the Gulf of Mexico in April 2010.
Chris Graythen Getty Images

Originally published on Tue September 10, 2013 4:21 pm

BP is fighting the settlement it agreed to last summer that let the oil company avoid thousands of potential lawsuits over the 2010 Gulf of Mexico oil spill.

Just after the spill, when oil was still gushing into the Gulf, BP touted the $20 billion it set aside for claims. But now it says the claim process is corrupt and is hoping a court will overturn the settlement that established the claims fund.

Ending the claims would mean stopping a well-oiled machine.

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The Salt
4:11 pm
Thu September 5, 2013

Japanese Whiskey Teases U.S. Consumers By Playing Hard To Get

Suntory's 30-year-old Hibiki whiskey took home the top award at the International Spirits Challenge in 2003. This unexpected triumph was Japanese whiskey's big coming-out party on the global spirits stage.
Courtesy of Suntory

Originally published on Thu September 5, 2013 6:31 pm

Scotland is the de facto king of whisky. But now an unlikely challenger — Japan — is making a name for its whiskey far beyond its borders. Unfortunately for Americans, this highly coveted Japanese whiskey is very hard to come by.

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The Two-Way
3:53 pm
Thu September 5, 2013

Reports: NSA Has Keys To Most Internet Encryption

The National Security Agency headquarters at Fort Meade, Md.
Saul Loeb Getty Images

Originally published on Thu September 5, 2013 4:12 pm

The National Security Agency has the keys to most Internet encryption methods and it has gotten them by using supercomputers to break them and by enlisting the help of private IT companies, The New York Times and The Guardian are reporting.

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The Two-Way
11:24 am
Thu September 5, 2013

IRS To Count Automatic Gratuities As Wages, Not Tips

A waiter serves patrons at Tony's Restaurant, part of the Casablanca Hotel in New York's Times Square. The custom at some restaurants of automatic gratuities for larger parties might change because of an IRS rule change.
Don Emmert AFP/Getty Images

Originally published on Thu September 5, 2013 1:51 pm

Gratuity included? A new IRS rule could end, or at least curtail, the practice.

The Internal Revenue Service will soon begin classifying automatic gratuities as service charges that are taxable as regular wages and subject to payroll tax withholding. Currently, they're considered tips, and it's up to the wait staff to report them as income.

The Wall Street Journal says:

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Planet Money
11:04 am
Thu September 5, 2013

The World Capital Of Counterfeit Dollars

A policeman shows printed sheets of counterfeit bills seized by Peruvian police.
AFP AFP/Getty Images

This just in from the AP:

With its meticulous criminal craftsmen, cheap labor and, by some accounts, less effective law enforcement, Peru has in the past two years overtaken Colombia as the No. 1 source of counterfeit U.S. dollars, says the U.S. Secret Service, protector of the world's most widely traded currency. ...

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The Two-Way
10:29 am
Thu September 5, 2013

Yah-New! Did Yahoo Hit The Mark With Its Logo Change?

Yahoo's new logo.
Yahoo.com

Originally published on Thu September 5, 2013 11:04 am

Compare Yahoo's new logo, introduced Thursday, to what was there before.

According to CEO Marissa Mayer, "we knew we wanted a logo that reflected Yahoo — whimsical, yet sophisticated. Modern and fresh, with a nod to our history. Having a human touch, personal. Proud."

On her Tumblr page, Mayer goes on at length about how:

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The Two-Way
7:43 am
Thu September 5, 2013

Job Growth Cooled A Bit In August, Report Signals

Originally published on Thu September 5, 2013 8:39 am

There were 176,000 more jobs on private employers' payrolls in August than the month before, according to the latest ADP National Employment Report.

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Business
4:08 am
Thu September 5, 2013

Data Marketing Critics Check Out What's Written About Them

Originally published on Thu September 5, 2013 8:34 am

Transcript

STEVE INSKEEP, HOST:

Companies that collect and sell information about you are usually pretty secretive about what they have on you. But one of the biggest data brokers is now letting consumers have a peek.

Yesterday, the Acxiom Corp. set up a website where people can look themselves up. It's called AboutTheData.com. As NPR's Martin Kaste reports, some of the first people to try it were the data industry's critics.

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