Business & Education

Business
3:42 am
Wed July 17, 2013

Fed Chairman Ben Bernanke To Address Members Of Congress

Originally published on Wed July 17, 2013 5:50 am

It's semi-annual testimony time for Federal Reserve Chairman Ben Bernanke. Sounds dry but lots of people will be hanging on his every word these next two days. Markets have been on a wild ride since Bernanke delivered a news conference last month. In that speech he laid out plans to scale back the Fed's bond-buying program.

Business
3:42 am
Wed July 17, 2013

Rising Interest Rates Worry Banking Industry

Originally published on Wed July 17, 2013 4:08 am

Five years after the start of the financial crisis, the U.S. banking industry continues to earn strong profits. On Tuesday, Goldman Sachs became the latest big bank to report better than expected earnings. But rising interest rates mean a riskier environment for banks.

Business
3:42 am
Wed July 17, 2013

Hasbro Cuts Off Funding To National Scrabble Association

Originally published on Wed July 17, 2013 5:54 am

The company had spent millions of dollars supporting the independent group. The National Scrabble Association played a support role for the Scrabble community for more than 25 years. It worked with Merriam-Webster to create an official dictionary, and it refereed tournaments. Hasbro is now taking over those duties.

Business
4:03 pm
Tue July 16, 2013

'Living Wage' Laws Create Both Winners And Losers

Originally published on Tue July 16, 2013 7:00 pm

Transcript

AUDIE CORNISH, HOST:

To learn more about these living wage bills throughout the country, we're joined by David Neumark. For years, he studied the effects of living wage laws, and he directs the Center for Economics and Public Policy at the University of California at Irvine. Welcome to the program.

DAVID NEUMARK: Thanks for having me.

CORNISH: So, first, some context. How does the living wage differ from what we're all more familiar with, the minimum wage?

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Business
4:03 pm
Tue July 16, 2013

D.C. Wage Rift Puts Spotlight On Wal-Mart's Urban Push

The scene in a Wal-Mart store in Alexandria, Va. Cities are a key growth area for retailers since suburbs are already saturated with big-box stores.
AP

Originally published on Tue July 16, 2013 7:00 pm

Wal-Mart's long-standing plans to come to Washington, D.C., are now up in the air. The City Council passed a living wage law that would require the world's largest retailer to pay $12.50 an hour, more than the city's current $8.25 minimum wage.

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The Salt
3:49 pm
Tue July 16, 2013

Can Oysters With No Sex Life Repopulate The Chesapeake Bay?

Young oysters live on old oyster shells and slowly mature while forming a complete shell.
Astrid Riecken Washington Post/Getty Images

Originally published on Tue July 16, 2013 7:00 pm

The Chesapeake Bay once supplied half the world's oyster market. But pollution, disease and over-harvesting have nearly wiped out the population. It's a dire situation that's united former adversaries to revive the oyster ecosystem and industry.

Scientists and watermen have joined forces to plant underwater farms in the bay with a special oyster bred in a lab. Called triploid oysters, they have been selected for attributes like disease tolerance and fast growth.

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The Salt
11:45 am
Tue July 16, 2013

Local Sake: America's Craft Brewers Look East For Inspiration

Yoed Anis, president of the Texas Sake Company, says "the only constraint holding us back" from faster growth is the absence of a sufficient and consistent rice supply.
Courtesy Texas Sake Company

Originally published on Tue July 16, 2013 12:29 pm

Most of us are familiar with that hot, musky-smelling, cloudy drink served in teacups at sushi bars and sometimes called, erroneously, "rice wine." In other words, most of us have had bad sake.

But finally, Americans are learning to love the good stuff.

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Business
11:15 am
Tue July 16, 2013

Weather Puts A Damper On Coca-Cola Sales

Coca-Cola sales have slowed, in part because of the weather. The company says global soda sales rose by only 1 percent in the second quarter — less than expected. Coke's CEO cited rain and cold temperatures in the U.S., which seems to have put a damper on consumers' desire for a refreshing soft drink.

The Salt
9:56 am
Tue July 16, 2013

Community Supported Agriculture: How Big Is Too Big?

Grant Family Farms in northern Colorado launched an organic CSA in 2007 and eventually attracted 5,000 members. But it went bankrupt in 2012.
Grace Hood KUNC

Originally published on Tue July 16, 2013 11:43 am

The peak of the summer harvest is approaching, which means that if you have a community supported agriculture share, you may be receiving a daunting amount of fresh produce to cook every week.

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Business & Education
8:17 am
Tue July 16, 2013

Ala School System Cuts Bus Service to Save Money

Hoover City Schools are ending school bus services to save about $2.5 million a year. The changes take effect next August.

One of Alabama's best-funded public school systems says it's ending school bus service to save money.

   The Hoover city school board voted Monday night to eliminate bus routes for everyone but special education students beginning in August 2014.

   Buses will run as normal during the upcoming school year. But officials say cutbacks will save $2.5 million annually after that.

   Hoover is located in suburban Birmingham and it's ranked among the state's leaders in per-pupil spending.

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Around the Nation
4:06 am
Tue July 16, 2013

Georgia Hospital System Partners With Royal Philips

Originally published on Tue July 16, 2013 5:22 am

Transcript

DAVID GREENE, HOST:

Companies that make medical equipment operate largely on a supply-and-demand model. Hospitals buy their multimillion- dollar machines, use them for a few years, and then go shopping again. In some cases, manufacturers have designed entire medical systems within a hospital.

Now, in what appears to be a first-of-its-kind partnership in the United States, a tech giant - Royal Philips - and a hospital system in Georgia are sharing financial risk and reward. Jim Burress reports from WABE in Atlanta.

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Business
4:06 am
Tue July 16, 2013

Investigators In London Probe Boeing 787 Fire

Originally published on Tue July 16, 2013 5:21 am

Transcript

RENEE MONTAGNE, HOST:

Investigators in London are continuing to probe the cause of last Friday's fire onboard a parked Boeing 787 - the plane known as the Dreamliner. They're examining what role the emergency locator transmitter might have played.

That device is made by Honeywell - and as NPR's Wendy Kaufman reports, the company has sent technical experts to assist in the investigation.

WENDY KAUFMAN, BYLINE: The emergency locator transmitter, or ELT, sends out a digitally encoded signal after a crash, and says aviation analyst Scott Hamilton...

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Business
4:06 am
Tue July 16, 2013

Car Sales In Europe Drop To A 20-Year Low

Originally published on Tue July 16, 2013 5:21 am

Transcript

DAVID GREENE, HOST:

NPR's business news starts with Europe stalling.

Car sales in Europe are at a 20-year low. The European Automobile Manufacturers' Association calculates this based on the number of car registrations in a given period. For June, registrations were down more than 6 percent compared to a year earlier. Analysts say the EU's high unemployment rate is to blame.

Books News & Features
2:17 am
Tue July 16, 2013

Use The Books, Fans: 'Star Wars' Franchise Thrives In Print

Originally published on Tue July 16, 2013 9:56 am

There's been a frenzy of excitement since last year when Disney bought Lucasfilm, creator of the Star Wars franchise, and announced it would make more Star Wars movies. Fans are eagerly awaiting hints of what might happen next in the story, and one way the franchise keeps fans interested is through a pantheon of Star Wars books, the latest of which is Troy Denning's Star Wars: Crucible.

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The Salt
4:13 pm
Mon July 15, 2013

In Argentina, Coca-Cola Tests Market For 'Green' Coke

Coca-Cola Life, a new product being rolled out in Argentina with a green label, is being marketed as a "natural" and therefore lower-calorie cola.
Coca-Cola

Originally published on Mon July 15, 2013 5:40 pm

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