Business & Education

The Two-Way
2:49 pm
Mon October 21, 2013

Fugitive Arrest: Former Banking Executive Caught In Italy

Former UBS banking executive Raoul Weil was indicted by a U.S. federal grand jury in 2008, on charges that he helped wealthy clients avoid billions in taxes.
Antonio Calanni AP

A former UBS bank executive who has been a fugitive since being indicted on federal charges in 2008 has been arrested in Italy. Swiss citizen Raoul Weil, the former head of UBS Global Wealth Management International, is accused of defrauding the U.S. government by helping clients evade taxes.

From Rome, NPR's Sylvia Poggioli filed this report for our Newscast unit:

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The Salt
2:38 pm
Mon October 21, 2013

Kansas Farmers Commit To Taking Less Water From The Ground

The long arms of pivot irrigation rigs deliver water from the Ogallala Aquifer to circular fields of corn in northwestern Kansas.
Dan Charles NPR

Originally published on Tue October 22, 2013 11:38 am

If you've flown across Nebraska, Kansas or western Texas on a clear day, you've seen them: geometrically arranged circles of green and brown on the landscape, typically half a mile in diameter. They're the result of pivot irrigation, in which long pipes-on-wheels rotate slowly around a central point, spreading water across cornfields.

Yet most of those fields are doomed. The water that nourishes them eventually will run low.

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Parallels
10:46 am
Mon October 21, 2013

Britain To Build New Nuclear Plant, Bucking European Trend

A worker walks inside the turbine hall of the Sizewell nuclear plant in eastern England in 2006. The U.K. government on Monday announced that French-owned EDF would build the first new British nuclear power station in 20 years.
Lefteris Pitarakis AP

Originally published on Mon October 21, 2013 12:13 pm

Britain has approved the construction of the country's first nuclear power station in 20 years.

NPR's Philip Reeves, reporting on the announcement for our Newscast unit, said the move goes counter to a European trend to phase out nuclear power in the aftermath of Japan's Fukushima disaster in 2011.

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The Two-Way
10:18 am
Mon October 21, 2013

Facebook Users Don't 'Like' This: Status Update Error Messages

Facebook

Originally published on Mon October 21, 2013 10:51 am

If you tried to post a status update on Facebook or "like" someone else's Monday morning, you probably got a message like this:

"There was a problem updating your status. Please try again later."

You are not alone. The Miami Herald reports:

"Facebook users are reporting trouble logging in and posting updates Monday morning.

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The Two-Way
10:08 am
Mon October 21, 2013

Existing Home Sales Dip After Hitting 4-Year High

A sold sign in Chicago earlier this year.
Scott Olson Getty Images

There were 1.9 percent fewer existing homes sold in September than in August, the National Association of Realtors said Monday.

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NPR Story
3:49 am
Mon October 21, 2013

Ranchers Wonder If U.S. Sheep Industry Has Bottomed Out

The changing landscape of of agriculture is leaving many sheep farms in the dust. Farms are larger and technology makes crops more economically attractive and sheep herds less.
Luke Runyon Harvest Public Meida/KUNC

Originally published on Tue October 22, 2013 2:37 pm

Over the last 20 years, the number of sheep in the U.S. has plummeted by half. The sheep industry has actually been declining since the late 1940s, when it hit its peak.

The sharp drop in production has left ranchers to wonder, "When are we going to hit the bottom?"

Some sheep are raised for their wool, others primarily for food. Consumption of both products — lamb meat and wool — have been declining in the U.S.

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NPR Story
3:47 am
Mon October 21, 2013

What To Know About The Tentative JPMorgan Deal

Originally published on Tue October 22, 2013 2:37 pm

Transcript

STEVE INSKEEP, HOST:

It's MORNING EDITION from NPR News. Good morning. I'm Steve Inskeep.

RENEE MONTAGNE, HOST:

And I'm Renee Montagne. The Justice Department is on the verge of a $13 billion settlement with JPMorgan Chase. That would make it the biggest government fine involving a single company. It involves the allegedly improper sale of mortgage securities that led to the financial crisis of 2008. NPR's Chris Arnold has been following this and he joins us now. Good morning.

CHRIS ARNOLD, BYLINE: Good morning, Renee.

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Media
5:12 am
Sun October 20, 2013

What Glenn Greenwald Could Gain From New Media Venture

Glenn Greenwald, who first reported the disclosures of U.S. surveillance programs, is now leaving The Guardian to work with eBay founder Pierre Omidyar on a new journalism venture.
Silvia Izquierdo AP

Originally published on Sun October 20, 2013 7:58 am

Glenn Greenwald, who broke the story about the U.S. government's massive surveillance program, is quitting The Guardian. He's leaving the British daily and joining a journalism startup with eBay founder and billionaire philanthropist Pierre Omidyar.

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The Salt
5:12 am
Sun October 20, 2013

Unleashed On Halloween, Monster Cereals Haunt Hoarders

This Halloween season, the three big Monster Cereals will be joined by Frute Brute and Fruity Yummy Mummy, which haven't been on the market in decades.
Dan Pashman

Originally published on Mon October 21, 2013 2:11 pm

This Halloween season, the cereal monsters are on the loose. Count Chocula, Boo Berry and Franken Berry have consumers in their grasp — for a limited time only.

General Mills' line of "Monster Cereals" originally hit the market in the early '70s, but the company decided in 2010 they would only be available during the Halloween season.

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The Two-Way
2:42 pm
Sat October 19, 2013

JPMorgan Strikes Tentative $13B Mortgages Settlement

JP Morgan Chase & Company headquarters in New York.
Emmanuel Dunand AFP/Getty Images

Originally published on Sat October 19, 2013 4:28 pm

In what would be the largest such settlement in U.S. history, JPMorgan Chase & Co. has reportedly reached a tentative deal with the Justice Department that would see the bank pay $13 billion to settle civil charges related to wrongdoing by some of its units just before and during the housing crisis.

The deal, sources tell news outlets including NPR, would not absolve JPMorgan from possible criminal liability.

Word of the tentative agreement emerged around 3 p.m. ET. Saturday. We posted when the news broke and followed with background and more details.

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Sports
5:44 am
Sat October 19, 2013

Calculating The Worth Of The Redskins Brand

Originally published on Sat October 19, 2013 6:40 am

Transcript

SCOTT SIMON, HOST:

Washington, D.C.'s football team has been under increasing criticism for keeping an old team name that's a racial epithet. I usually don't say it. I will now - for the purposes of information. The Washington Redskins. That name's been hotly debated, criticized for being a racial slur, but defended by the team's owners as actually being a kind of tribute to Native Americans.

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Business
5:44 am
Sat October 19, 2013

Business Leaders Decry The Economic Cost Of Uncertainty

Originally published on Fri October 25, 2013 11:08 am

Running a company is like driving a car. You need to be able to see what's coming down the road. The dysfunction in Washington has created a fog, and when driving in the fog, you have to slow down.

That's basically what's happening at thousands of companies around the country.

Bob Mosey, chairman of the National Tooling and Machining Association, bemoans the "uncertainty of not being able to plan for the future."

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All Tech Considered
5:44 am
Sat October 19, 2013

Credit Cards Under Pressure To Police Online Expression

Some advocacy groups say credit card companies should stop doing business with websites that promote controversial views or policy positions.
iStockphoto.com

Originally published on Wed November 6, 2013 1:01 pm

Earlier this month, major credit card processors including MasterCard, Visa and America Express announced they would stop processing payments to websites that collect and publish mug shots online. The sites say they are providing a public service, but they make their money by charging people a fee to remove these embarrassing photos from the Internet.

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Politics
5:44 am
Sat October 19, 2013

'It Takes A Crisis': How '73 Embargo Fueled Change In U.S.

Drivers and a man pushing a lawnmower line up at gas station in San Jose, Calif., in March 1974.
AP

Originally published on Fri October 25, 2013 6:26 pm

Americans started thinking differently about U.S. dependence on imported oil 40 years ago this Sunday. Decades later, the U.S. is in the midst of a homegrown energy boom.

The oil embargo began in 1973. The United States had long taken cheap and plentiful oil for granted when Saudi Arabia shocked the country by suddenly cutting off all direct oil shipments in retaliation for U.S. support of Israel. Other Arab countries followed suit.

Prices soared. Gasoline lines stretched for blocks. Richard Nixon became the first of many U.S. presidents to call for energy independence.

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The Two-Way
4:11 pm
Fri October 18, 2013

Google's Stock Closes Above $1,000

Attendees line up to enter the Google I/O developers conference at the Moscone Center on May 15, 2013 in San Francisco.
Justin Sullivan Getty Images

Google's stock closed at $1,011.41 today, joining an exclusive, over-$1,000 club that includes Priceline.com and Seaboard Corp., which produces turkey and hogs.

The rally for the world's largest search engine, Bloomberg reports, comes on the heels of optimism about the company's advertising offerings.

Bloomberg reports:

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