Business & Education

Business
3:35 am
Wed September 25, 2013

Chinese Online Retailer To Shift IPO To U.S.

Originally published on Wed September 25, 2013 6:00 am

China's biggest online retailer, the Alibaba Group, reportedly has decided it will not launch its Initial Public Offering on the Hong Kong stock exchange. Instead, it wants to bring the IPO to New York. Alibaba processed $170 billion in transactions last year — more than Amazon and eBay combined.

Around the Nation
2:43 am
Wed September 25, 2013

Proposed Power Lines Tangle With Native American History

Four humanlike figures were painted in a cave in Washington hundreds or even thousands of years ago.
Colin Fogarty Northwest News Network

Originally published on Wed September 25, 2013 5:25 am

Imagine running power lines through a cathedral. That's how archaeologists describe what the Bonneville Power Administration proposes doing in the Columbia River Gorge in Washington state. The federal electricity provider is trying to string a new transmission line near a cave that contains ancient paintings, a site considered sacred by Native Americans.

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Planet Money
2:41 am
Wed September 25, 2013

What Happens When Stores Let Customers Return Whatever They Want?

Originally published on Wed September 25, 2013 10:35 am

Sunny Pettinati walked into the L.L. Bean store in Yonkers, N.Y., clutching a plastic bag and looking a little embarrassed.

"I'm returning a sweater that I purchased, I think, about 10 years ago," she said.

The sweater had sat in a drawer, unworn, for years, and she was trying her luck with the store's famously lenient return policy.

It turned out to be painless. A few taps on the keyboard, and the saleswoman handed her a gift card worth the full value of the sweater.

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Health Care
2:36 am
Wed September 25, 2013

Commander In Chief, Explainer In Chief Tout Health Care Law

President Obama joins former President Clinton to talk about the health care law, during the annual Clinton Global Initiative meeting Tuesday in New York.
Getty Images

Originally published on Wed September 25, 2013 10:18 am

President Obama's health care law has so far survived challenges in Congress and the courts. But its biggest test could begin next week. That's when the online marketplaces offering health care coverage to the uninsured are set to start signing people up. The question is, will they come?

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Shots - Health News
11:03 pm
Tue September 24, 2013

Administration Touts Lower-Than-Expected Obamacare Premiums

Peter Lee, executive director of Covered California, the state agency running the state's new health exchange, announced the plans and prices that will be offered by private insurers on May 23.
Rich Pedroncelli AP

Originally published on Wed September 25, 2013 10:42 am

Premiums in the health insurance exchanges set to open next week will be lower than anticipated, the Obama administration announced Wednesday.

According to a report released by the Department of Health and Human Services, "premiums nationwide will ... be around 16 percent lower than originally expected," and 95 percent of uninsured people live in a state with average premiums that are lower than expected.

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Private School Tax Credits
4:37 pm
Tue September 24, 2013

Alabama AG Says Blocking Law Won't Help Students

Alabama Attorney General Luther Strange is telling a federal judge that blocking the new Alabama Accountability Act won't help students in failing public schools.
Credit LutherStrange.com

Alabama's attorney general is telling a federal judge that blocking the new Alabama Accountability Act won't help students in failing public schools.

Attorney General Luther Strange is trying to get U.S. District Judge Keith Watkins to dismiss a lawsuit filed by the Southern Poverty Law Center on behalf of eight students in failing schools.

The suit challenges the law on equal protection grounds, saying the law's transfer provisions aren't open to the students because there aren't any non-failing public schools or private schools nearby that will accept transfers.

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All Tech Considered
3:52 pm
Tue September 24, 2013

The Mystery Of $600 Million Traded In The Blink Of An Eye

A television monitor on the floor of the New York Stock Exchange shows the decision the Federal Reserve made on Sept. 18, 2013.
Richard Drew AP

Here's a mystery involving physics, technology and the markets that meant the difference between nothing and millions of dollars.

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The Two-Way
3:46 pm
Tue September 24, 2013

Airbus Forecast: Asia-Pacific Air Traffic Set For Takeoff

Airbus hopes the global growth in air traffic will fuel demand for its giant A380.
Eric Feferberg AFP/Getty Images

There will be more passenger flights in the Asia-Pacific than anywhere else in the world in the next 20 years, with the region accounting for a third of all new commercial aircraft orders, according to Airbus's latest Global Market Forecast.

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The Two-Way
11:57 am
Tue September 24, 2013

Carnival's Earnings Hit By String Of Cruise Ship Problems

Part of the previously submerged, severely damaged right side of the Costa Concordia cruise ship is seen in an upright position last week after it was righted by salvage crews in Isola del Giglio, Italy.
Marco Secchi Getty Images

Originally published on Tue September 24, 2013 2:18 pm

Miami-based Carnival Corp., the world's largest cruise operator, reported a third quarter profit nearly a third lower than a year ago following a series of embarrassing and deadly mishaps involving its ships.

Carnival turned a $934 million profit for the period June through August, down 30 percent from the same quarter in 2012.

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Parallels
10:55 am
Tue September 24, 2013

World Economic Growth Points To More Planes In Asian Skies

An Airbus A320 on display during Airshow China 2012 at China International Aviation Exhibition Center in Zhuhai on Nov. 13, 2012. Increasing prosperity and urbanization in China and elsewhere in Asia will drive the global demand for aircraft, Airbus said Tuesday.
Marina Lystseva ITAR-TASS/Landov

Originally published on Wed October 9, 2013 4:25 pm

The number of global megacities will grow from 42 today to 89 by 2032. The global middle class will more than double by then. And most of this growth will be in the Asia-Pacific region.

What does all this have to do with global aviation?

Airbus, which released the data Tuesday, says that to meet this demand nearly 30,000 new planes will have to be built over the next 20 years.

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The Two-Way
8:38 am
Tue September 24, 2013

Home Prices Rise At Best Pace In Seven Years

This home was under contract last month in Chicago.
Scott Olson Getty Images

Originally published on Tue September 24, 2013 11:02 am

Led by more strong gains in Las Vegas, San Francisco, San Diego and Los Angeles, home prices in major U.S. cities were up just more than 12 percent on average in July vs. July 2012, according to the latest S&P/Case-Shiller Home Price Indices report.

The average increase was the largest since February 2006, Reuters adds, and is yet another sign that the housing sector is among the economy's strongest sectors.

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UA sorority recruitment
8:22 am
Tue September 24, 2013

UA Faculty Senate Continues Sorority Discussion

Robert Sutton/The Tuscaloosa News

The University of Alabama Faculty Senate planned to resume discussions of a statement urging action by the school administration after recent allegations of racial discrimination during sorority recruitment and voter fraud by Greek organizations.

   The Tuscaloosa News reports (http://bit.ly/1gW1alL) that the senate began discussing the statement on Sept. 17. Faculty Senate President Steve Miller said the latest draft will be released Tuesday at a 3:30 p.m. meeting.

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Politics
7:18 am
Tue September 24, 2013

Sen. Durbin Wants Budget Showdown To End Quickly

Originally published on Tue September 24, 2013 8:13 am

Transcript

STEVE INSKEEP, HOST:

All right. Let's talk more about that debate in Congress, which must pass a bill by Sept. 30 to keep the government running or see a partial shutdown. Republicans in the House passed a bill to fund the government but defund Obamacare; and now that bill is in the Senate, where Richard Durbin of Illinois is the Senate majority whip, the No. 2 Democrat in charge of counting votes. Senator, welcome back to the program.

SEN. RICHARD DURBIN: Good to be with you, Steve.

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Business
4:11 am
Tue September 24, 2013

In Vermont, During Fall, Money Grows On Trees

Originally published on Tue September 24, 2013 8:13 am

Transcript

STEVE INSKEEP, HOST:

OK, it's getting a bit colder in many areas of the country. We've got those brisk mornings and chilly evenings. Great weather. Football weather for many of us. For many state tourism offices, of course, it means gearing up for a lucrative time of year known as foliage season. Travelers can use websites and apps to learn where and when fall colors are supposed to be the most brilliant. And predicting that in Vermont is serious business.

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Business
4:11 am
Tue September 24, 2013

Chrysler Announces Initial Public Offering

Originally published on Tue September 24, 2013 8:13 am

Transcript

DAVID GREENE, HOST:

NPR's business news begins cars going public.

(SOUNDBITE OF MUSIC)

GREENE: The automaker Chrysler filed for an initial public offering late yesterday. After 41 consecutive months of auto sales growth, now might seem like the perfect time for the Detroit carmaker to sell shares to the public.

But as NPR's Sonari Glinton reports, this sale could be as much about brinksmanship as an IPO.

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