Business & Education

Monkey See
3:53 pm
Fri June 21, 2013

The Kendama: Can A Wooden Toy Be A Viral Sensation?

The traditional Kendama is making a splash with kids.
Norasit Kaewsai iStockphoto.com

Originally published on Fri June 21, 2013 6:11 pm

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The Two-Way
12:03 pm
Fri June 21, 2013

Online Sales Cost Cities And Counties Billions In Taxes, Mayors Say

A chart shows estimated tax revenue losses due to online sales in 11 U.S. cities. Figures for 2013 are projections.
IHS Global Insight

Originally published on Fri June 21, 2013 4:53 pm

Online retail sales are cutting into tax revenue in counties and cities, according to a report issued by the U.S. Conference of Mayors on Friday. They estimate the lost revenue for America's largest cities and counties came to about $2.8 billion for 2011 and 2012, combined.

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The Two-Way
11:50 am
Fri June 21, 2013

Pirate Bay Co-Founder Gets Two Years For Hacking And Fraud

Originally published on Fri June 21, 2013 1:22 pm

A co-founder of the file-sharing website Pirate Bay has been sentenced in Sweden to two years in prison for hacking into a bank computer.

Gottfrid Svartholm Warg, 28, was arrested in Cambodia last year after Swedish authorities issued an international warrant. He was convicted and sentenced Thursday for hacking Sweden's Nordea bank and U.K.-based services firm Logica.

"The data intrusion has been very extensive and technically advanced," the court said in its ruling.

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Business & Education
7:42 am
Fri June 21, 2013

Toyota Spending $150M at Ala Engine Plant

Toyota is spending another $150 million at its Huntsville engine plant, which will bring total investment at the plant up to $850 million.
al.com

Toyota is spending $150 million on equipment as part of its expansion at an engine plant in north Alabama.

   The car manufacturer said Thursday the machinery will help fill out space created during an $80 million plant expansion announced previously.

   The work is supposed to be finished by early 2014, and 125 jobs are being added in Huntsville. Once done, total employment will be 1,150.

   The company is expanding production capacity for V6 engines. The company also is adding new capacity at supplier plants in Troy, Mo., and Jackson, Tenn.

Business & Education
7:13 am
Fri June 21, 2013

Pupils May Not be Able to Go From Failing Schools

Elmore County Schools Superintendent Jeff Langham says his school system will not be taking any new students from surrounding counties at this time.
elmoreco.com

School officials in several higher performing Alabama districts say they doubt they will take many students looking to transfer from schools that have been listed as failing by state officials.

   Elmore County Schools Superintendent Jeff Langham says his fast-growing system outside Montgomery will not be taking new students from surrounding counties at this time.

   Langham says he has not had formal discussions with school board members about the issue. But he says the board has a policy in place which requires all students to be residents of Elmore County.

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The Two-Way
6:33 am
Fri June 21, 2013

Book News: Apple, DOJ Tussle As Ebook Price Fixing Trial Ends

Originally published on Fri June 21, 2013 9:32 am

The daily lowdown on books, publishing, and the occasional author behaving badly.

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Politics
4:22 am
Fri June 21, 2013

House Votes Down 5-Year Farm Bill

Members of the House on Thursday rejected the measure, studded with Republican priorities. In the past, the farm bill has been a model of bipartisan support. But defections in both parties spelled the bill's doom.

Planet Money
4:19 am
Fri June 21, 2013

How Brush Factories Survive In America

Fourth-generation owner of Braun Brush, Lance Cheney, stands next to a special-order brush his company made for the artist Richard Artschwager.
Marianne McCune NPR

Originally published on Tue June 25, 2013 2:46 pm

Brushes are pretty simple: a bunch of flexible fibers sticking out of something stiff. Not surprisingly, Chinese manufacturers have grabbed a big share of the U.S. brush market. But several hundred small U.S. brush factories are still hanging on. Here are three strategies they're using to survive.

1. Compete On Quality

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Asia
3:40 am
Fri June 21, 2013

China's Credit Crunch Felt Across Financial Markets

Transcript

RENEE MONTAGNE, HOST:

Alarm bells went off in China's financial system yesterday. That's because interest rates for loans that banks make to each other - like the loans we've just been hearing about - shot up, drying up credit as China's banks searched for cash. The effects reached markets here, where the Dow dropped more than 2 percent yesterday.

All of this seems to be caused by the Chinese government trying to send its banks a message. To explain what happened and why, we turn to NPR's correspondent in Shanghai, Frank Langfitt. Good morning.

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Business
3:34 am
Fri June 21, 2013

Instagram Expands With Video Feature

Originally published on Fri June 21, 2013 5:18 am

This move pits Facebook against Twitter, which owns the six-second video-sharing service, Vine. Adding video brings significant change to the Instagram experience.

Business
3:34 am
Fri June 21, 2013

Business News

Originally published on Fri June 21, 2013 6:01 am

Libor is the London interbank offered rate. It's important because it establishes the rate that banks pay to borrow from one another.

Business
3:34 am
Fri June 21, 2013

The Last Word In Business

Originally published on Fri June 21, 2013 7:46 am

Gandolfini, who died this week while vacationing in Italy, became famous for his role in The Sopranos. Tony Soprano, the mob boss, described his job as "waste management consultant." Call it what you want, but on the job, Tony Soprano had plenty of business insights.

Shots - Health News
2:04 am
Fri June 21, 2013

With Health Exchanges Poised To Open, PR Push Draws Scrutiny

In San Jose, Calif., on June 6, President Obama encouraged people to sign up for insurance in the nation's largest health insurance market.
Stephen Lam Getty Images

Originally published on Fri June 21, 2013 8:07 pm

This weekend marks 100 days until people can begin signing up for new health insurance coverage under the federal health care law. It also marks another milestone: the launch of an enormous public relations effort to find people eligible for new coverage and urge them to sign up when the time comes.

But like everything else about the health law, even this seemingly innocuous effort has been touched by controversy.

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The Two-Way
4:07 pm
Thu June 20, 2013

Dow Loses 350 Points After Fed Hints It Will Stop Buying Bonds

Traders work the floor of the New York Stock Exchange after the opening bell on Thursday.
John Moore Getty Images

Originally published on Thu June 20, 2013 4:25 pm

The Dow Jones industrial average closed down more than 353 points on Thursday in a selloff sparked by uncertainty about the end of a government monetary stimulus program and a credit crunch in China.

Wall Street followed a downturn in global markets. The Standard & Poor's 500-stock index lost 2.5 percent, while the Dow and Nasdaq composite indexes both lost 2.3 percent.

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The Salt
4:02 pm
Thu June 20, 2013

Why Slave Labor Still Plagues The Global Food System

Workers process shrimp at a factory in Thailand in 2009.
Chumsak Kanoknan Getty Images

Originally published on Fri June 21, 2013 9:01 am

When the State Department released its annual report on human trafficking Wednesday, we got a chilling reminder that even in 2013, slave labor is still embedded in the global food system.

As many as 27 million men, women and children are estimated to be trafficking victims at any given time, according to the report. And some of those victims, the State Department says, are later forced to work in agriculture and food processing (though no one has a good idea how many).

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