Business & Education

Private School Tax Credits
4:14 pm
Fri November 22, 2013

Alabama Court Modifies Ruling Tossing AEA Suit

The Alabama Supreme Court has changed some of the wording its recent ruling tossing out a lawsuit against the Alabama Accountability Act, but it didn't change the result.
Credit istockphoto

The Alabama Supreme Court has changed some of the wording its recent ruling tossing out a lawsuit against the Alabama Accountability Act, but it didn't change the result.

On Sept. 20, the state's highest court blocked a lawsuit that members of the Alabama Education Association filed against four legislators to challenge the new law. Even though the legislators won, they asked the court to reconsider part of the ruling that said the Accountability Act appropriated public funds.

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Business
4:01 pm
Fri November 22, 2013

JPMorgan Says It Broke No Law. So Why Pay The $13 Billion?

The U.S. government says JPMorgan Chase & Co. knowingly sold faulty mortgage-backed securities in the years leading up to the financial crisis. The bank says it's broken no laws.
Emmanuel Dunand AFP/Getty Images

Originally published on Sat November 23, 2013 12:20 am

State and federal regulators have hailed Tuesday's $13 billion settlement with JPMorgan Chase & Co. over faulty mortgage assets it sold in the years leading up to the financial crisis as a big victory for the judicial system.

But like other big settlements to emerge from the financial crisis, the deal leaves unclear just what the bank did wrong.

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All Tech Considered
4:01 pm
Fri November 22, 2013

To Test-Drive A Concept Car, Fire Up The PlayStation

Mercedes-Benz introduced its AMG Vision Gran Turismo concept vehicle at the Los Angeles Auto Show this week. This is just a model of the car; the fully functioning version is virtual.
Jae C. Hong AP

Originally published on Fri November 22, 2013 6:21 pm

Drifting is one of those crazy things you should only do in a video game, but I got to experience it in real life at Willow Springs racetrack in the California desert with race car driver and expert drifter Dai Yoshihara.

Drifting, Yoshihara explains, is "a controlled slide through a series of corners at very high speed."

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The Two-Way
2:03 pm
Fri November 22, 2013

$1.1 Million Dune Buggy: Youabian Makes Splash At LA Car Show

The Youabian Puma has turned heads at the LA Auto Show, where attendees have been startled by its 20-foot length and unusual design.
Frederic J. Brown AFP/Getty Images

Originally published on Fri November 22, 2013 6:54 pm

Some cars are meant to be beautiful; some cars are meant to serve a purpose. The makers of the Youabian Puma say their car was created with one goal: "to stand out and be unique." And that's what they've done, as dozens of howling headlines attest.

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The Two-Way
12:13 pm
Fri November 22, 2013

2015 Health Insurance Deadline To Be Pushed Back One Month

Originally published on Fri November 22, 2013 7:56 pm

The Obama administration confirmed early Friday afternoon that starting next year, it plans to push back the start of enrollment for coverage under the new health care law by one month.

NPR's Julie Rovner tells us via Twitter that White House spokesman Jay Carney says the Department of Health and Human Services "has indicated its intent to shift the 2015 marketplace schedule by one month."

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All Tech Considered
11:05 am
Fri November 22, 2013

Tech Week That Was: Video Gaming, Bitcoin And Landlines

There's a growing market for digital currencies like Bitcoin. A Sydney pub, seen here, is taking Bitcoins as payment for drinks.
Cameron Spencer Getty Images

Wow, suddenly we're at the end of the week already. If you missed the conversations about digital life and technology in the headlines and on NPR, here's a look back.

ICYMI

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It's All Politics
6:07 am
Fri November 22, 2013

Wal-Mart Food Drive Unwittingly Fuels Talk Of Minimum Wage Hike

Dozens of people protest for better wages outside a Los Angeles Wal-Mart store on Nov. 7.
Lucy Nicholson Reuters/Landov

Originally published on Fri November 22, 2013 9:51 am

Wal-Mart's pay practices have long been targeted by advocates of America's working poor.

So it was no surprise that it became national news when the discount retailer, the nation's biggest employer, asked workers at an Ohio store to contribute to a holiday food drive — for fellow workers.

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Health Care
4:05 am
Fri November 22, 2013

California Will Not Extend Canceled Health Policies

Originally published on Fri November 22, 2013 4:45 am

California has rejected President Obama's offer to extend canceled health insurance policies. The board that oversees the state's health insurance marketplace voted unanimously Thursday to let canceled policies expire. The board said it didn't want to confuse consumers and disrupt the state's surge in enrollment.

Business
3:33 am
Fri November 22, 2013

Government To Sell Its Remaining GM Shares

Originally published on Fri November 22, 2013 6:23 am

The Treasury Department announced on Thursday that the U.S. government will sell its remaining 31 million shares in GM by the end of the year. The government received the stock when it bailed out GM during the financial crisis.

Business
3:33 am
Fri November 22, 2013

Because Of Noise, Bar To Raise Drinking Age To 25

Originally published on Fri November 22, 2013 6:28 am

Phil's Crummy Corner, a bar in Brooklyn, announced it is raising its drinking age to 25. The restaurant manager told local news site DNA Info that the age limit will only be in place on weekend nights. It's an attempt to keep out loud and rowdy late night crowds.

Business
3:33 am
Fri November 22, 2013

As Inequality Grows, Swiss To Vote On Curbing Executive Pay

Members of the Swiss trade union Unia, supporting a referendum to limit the pay of executives to 12 times that of a company's lowest-paid employee, demonstrate in Zurich in August.
Arnd Wiegmann Reuters/Landov

Originally published on Fri November 22, 2013 11:12 am

Switzerland may be known for watches, wealth and secretive bank accounts, but increasingly people believe that not everyone is reaping their share of the country's economic well-being.

So on Sunday, the Swiss will vote on a referendum that would limit a CEO's pay to 12 times that of the company's lowest-paid worker.

The youth wing of the Social Democratic Party collected the 100,000 signatures necessary to turn the measure, known as the 1:12 initiative, into a national referendum.

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Business
3:33 am
Fri November 22, 2013

Federal Regulators Crack Down On Payday Advances

Originally published on Fri November 22, 2013 4:45 am

Consumer advocates are hailing a decision by federal regulators to crack down on so called deposit advances — a type of payday loan offered by some banks. Going forward, banks will not be allowed to let their customers take deposit advances more than once a month, or take them in consecutive months.

Planet Money
2:00 am
Fri November 22, 2013

A Bitcoin Insider On Crime, Congress And Satoshi Nakamoto

This is not a bitcoin.
eagleapex's posterous Flickr

Originally published on Fri November 22, 2013 10:48 am

For more on what Bitcoin is and how it works, see our story "What Is Bitcoin?"

Gavin Andresen is chief scientist at the Bitcoin Foundation. I first talked with him about Bitcoin, the virtual currency, back in 2011. I checked back in with him this week, because so much has been going on with Bitcoin lately.

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The Two-Way
5:15 pm
Thu November 21, 2013

Prepare For Cabin Noise: FCC May End Ban On Phones During Flights

The new head of the Federal Communications Commission proposes allowing airline passengers to make phone calls during flights. Here, a passenger looks at her cellphone before a flight last month.
Matt Slocum AP

Originally published on Thu November 21, 2013 7:59 pm

The Federal Communications Commission is proposing a change to allow travelers to make phone calls as they fly on jetliners in the U.S. The agency's new chairman, Tom Wheeler, calls the current ban on the use of cellphones during flights "outdated and restrictive."

Here's a statement from Wheeler that was released Thursday:

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The Two-Way
4:17 pm
Thu November 21, 2013

Dow Jones Index Closes Above 16,000 For First Time

For the first time in its history, the Dow Jones industrial average closed above 16,000 points Thursday. The index of 30 stocks touched the mark earlier this week, when a trader was photographed at the New York Stock Exchange.
Andrew Burton Getty Images

Originally published on Thu November 21, 2013 4:42 pm

The Dow Jones industrial average tacked on 109 points Thursday for a gain of less than 1 percent. But the small rise brought a big milestone, as the industrial index closed above 16,000 for the first time in its history. The index had touched the mark earlier this week but fell short by the day's end.

Today, the Dow closed at 16,009.99.

The historic moment for the benchmark index that tracks 30 leading U.S. companies came on a day that began with positive economic news.

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