Business & Education

Business
11:32 am
Fri July 12, 2013

Does The Canadian Rail Explosion Make Pipelines Look Safer?

A police photograph shows burned and wrecked crude oil carrying rail tankers piled up in Lac-Megantic, Quebec, on Monday. Dozens of people died in the disaster.
EPA/Landov

Originally published on Fri July 12, 2013 12:48 pm

When an oil-laden train derailed last weekend, it turned into an inferno that killed dozens in Lac-Megantic, a small town in Quebec.

This week, the Canadian tragedy is morphing into something very different. It is becoming Exhibit A in the political case for building pipelines — as well as for opposing them.

How could the same tragedy prove opposite points? Listen in to the debate:

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The Two-Way
10:08 am
Fri July 12, 2013

Report: Beijing, Shanghai Among Worst Airports For Delays

A domestic departures board shows flight delays at Beijing's international airport in January.
Ed Jones AFP/Getty Images

Originally published on Fri July 12, 2013 12:42 pm

If you think flight delays in the U.S. are bad, try China.

A new report from travel industry monitor FlightStats says China is the world's worst when it comes to delays at major airports.

FlightStats compiled statistics from June for the report, determining that eight of the world's worst airports for flight delays were in China. Beijing and Shanghai topped the list, although New York's LaGuardia had the highest number of flight cancellations.

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Business & Education
8:52 am
Fri July 12, 2013

Royal Cup Expanding in Birmingham, Adding 40 Jobs

Birmingham-based Royal Cup is expanding its operations and adding 40 jobs.
Royal Cup Coffee Facebook page

Birmingham-based Royal Cup is investing $30 million to expand its operations and add 40 jobs.

   The coffee and tea company announced it has acquired 16 acres and a building adjacent to its current operations in Birmingham. The building was formerly the home of RockTenn. Royal Cup vice president William Smith III told al.com (http://bit.ly/11IBS9b ) that the company will renovate the property and add more production lines.

TED Radio Hour
8:51 am
Fri July 12, 2013

Is Too Much Collaboration a Bad Thing?

Work doesn't happen at the office, says Jason Fried.
TED

Originally published on Tue December 17, 2013 9:04 am

Part 4 of the TED Radio Hour episode Why We Collaborate.

About Jason Fried's TEDTalk

Software entrepreneur Jason Fried has a radical theory of working: that the office isn't a good place to do it. In his talk, he lays out the main problems and offers suggestions to make work work.

About Jason Fried

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The Two-Way
7:57 am
Fri July 12, 2013

On The Economy: Inflation Accelerates; Fed Rumors Rise

A surge in prices at the pump fueled inflation in June.
Jonathan Fickies Landov

Originally published on Fri July 12, 2013 11:55 am

The morning's major economic news:

-- Inflation. Wholesale prices rose 0.8 percent in June from May, fueled by a 2.9 percent surge in the price of energy products, the Bureau of Labor Statistics says. As drivers can confirm, a 7.2 percent jump in the cost of gasoline was responsible for most of that boost.

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Business
4:13 am
Fri July 12, 2013

Apple To Appeal Ruling It Fixed E-Book Prices

Originally published on Fri July 12, 2013 4:40 am

A federal judge this week ruled that Apple conspired to raise prices of e-books, handing a victory to the Justice Department. Another winner in the fallout from this case was Amazon, the dominant seller of e-books.

Business
4:13 am
Fri July 12, 2013

Microsoft CEO Reveals New Corporate Structure

Originally published on Fri July 12, 2013 4:35 am

CEO Steve Ballmer has shuffled the organizational deck at Microsoft, breaking down long-standing barriers within the company. Microsoft has been criticized for internal turf battles and slow-footed responses to changes in technology.

Business
4:13 am
Fri July 12, 2013

Despite Europe's Financial Crisis, Latvia To Adopt Euro

Originally published on Fri July 12, 2013 7:32 am

The words eurozone and crisis have been firmly linked together for the past half decade. Many eurozone economies have collapsed to Depression-era levels. And yet this week, the Baltic nation of Latvia, chose to join the euro. To understand that move, David Greene talks to Pauls Raudseps, economics editor of the Latvian weekly news magazine IR.

The Two-Way
2:22 am
Fri July 12, 2013

Chuck Foley, Co-Creator Of Twister, Dies At 82

Festivalgoers play a giant game of Twister during the Glastonbury Festival of Contemporary Performing Arts in southwest England last month.
Andrew Cowie AFP/Getty Images

Originally published on Fri July 12, 2013 9:40 am

One of the men responsible for getting people tied up in knots while they played Twister has died.

Charles "Chuck" Foley died earlier this month in St. Paul, Minn. He was 82.

Foley and his business partner Neil Rabens invented the game for Milton Bradley in 1966. The pair originally called it Pretzel, and it was Milton Bradley who came up with the name Twister.

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Shots - Health News
2:16 am
Fri July 12, 2013

Messy Rollout Of Health Law Echoes Medicare Drug Expansion

Back in 2006, President Bush and Health and Human Services Secretary Michael Leavitt talked with reporters during a trip to Florida, where Bush spoke to volunteers helping seniors sign up for the Medicare prescription drug benefit.
Mike Stocker AP

Originally published on Fri July 12, 2013 4:13 am

It hasn't been a good week for the Affordable Care Act. After announcements by the administration of several delays of key portions of the law, Republicans returned to Capitol Hill and began piling on.

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Planet Money
1:53 am
Fri July 12, 2013

Will A Health Insurer Sponsor The Next 'Jackass' Movie?

Originally published on Fri July 12, 2013 4:13 am

Soon, most Americans will have to buy health insurance or pay a fine. This sounds like a marketer's dream: Captive shoppers directed by the government to buy your product. But when the product you're selling is health insurance, there are some pitfalls. Your customers may not love you. In fact, they may despise you.

"I think it may be too little too late for health insurance companies to now come out, like, 'Hey,we were just kidding the last 50 years!,'" says James Percelay, co-founder of the viral marketing firm ThinkModo in New York.

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Planet Money
5:21 pm
Thu July 11, 2013

Where The Jobs Are (And Where They Aren't), In 1 Graph

Jobs and wages
NPR

It's been five and a half years since the recession started, and four years since the recovery began. It's been a brutal time for the U.S. job market (obviously), and the picture is still pretty bleak.

But when you look at individual industries, you see a more nuanced picture. Many industries have lost jobs, but others are employing more people than ever.

To see how the jobs picture has changed since the start of the recession, we created the graph below. Here's how it works:

  • The size of the circle represents the number of jobs in each industry today.
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The Two-Way
2:55 pm
Thu July 11, 2013

Report: Microsoft Helped NSA, FBI Get Around Encryption

Microsoft CEO Steve Ballmer announces Microsoft's purchase of Skype in 2011, in San Francisco.
AFP/Getty Images

Originally published on Fri July 12, 2013 4:53 am

The latest in The Guardian's series of reports on secret U.S. electronic surveillance efforts claims to detail the extent of Microsoft's cooperation with the National Security Agency, with the tech giant reportedly allowing agents to circumvent its own encryption system to spy on email and chats, as well as its cloud-based storage service.

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The Two-Way
12:52 pm
Thu July 11, 2013

Bernanke's Comments Lift Stocks To Record Highs

Originally published on Thu July 11, 2013 4:29 pm

Stocks surged Thursday after the chief of the Federal Reserve sent signals that the central bank wasn't in a hurry to stop helping the economy. When the markets closed, the Standard & Poor's 500 Index was at a record high. Other U.S. indexes were also up, including the Dow Jones Industrial Average, which rose nearly 170 points to a record 15,460.92.

Update at 5 p.m. ET: We've updated some figures in this post to reflect the markets' closing.

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The Two-Way
8:36 am
Thu July 11, 2013

Jobless Claims Rose Last Week

Originally published on Thu July 11, 2013 10:55 am

There were 360,000 first-time claims for unemployment benefits filed last week, up 16,000 from the week before, the Employment and Training Administration says.

The "four-week moving average," which gives a sense of the recent trend, "was 351,750, an increase of 6,000 from the previous week's revised average of 345,750."

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