Business & Education

Business
4:42 am
Fri February 22, 2013

The Last Word In Business

Originally published on Wed February 27, 2013 2:33 pm

Transcript

STEVE INSKEEP, HOST:

And today's last word in business is Oscar swag.

On Sunday, nominees who do not win an Academy award will nevertheless take home about $47,000 worth of consolation gifts - which sounds like a lot, but in 2010 the swag was worth a lot more - more than $90,000.

LINDA WERTHEIMER, HOST:

This year, goodies include trips to places like Australia, Hawaii and Mexico. The gift bags may also include such useful items as hand illustrated tennis shoes, portion controlled dinnerware, and a book by Leeza Gibbons.

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Planet Money
2:45 am
Fri February 22, 2013

At A Trade Show, Power Tools Fit For The Amish

Robert Smith / NPR

Originally published on Fri February 22, 2013 8:59 pm

The Buckeye Tool Expo in Dalton, Ohio, is held in a massive hall filled with bearded men in black hats and women in white bonnets. A few horses and buggies are tied up outside.

The Amish have chosen to forgo many of the delights of the modern world, but they still need to drill, sand and cut wood. This trade expo shows off all the loopholes that let the Amish get their hands on power tools.

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Crisis In The Housing Market
2:24 am
Fri February 22, 2013

In Miami, A New Condo Boom Revives Hopes Of Housing Recovery

Brickell CityCentre is a new project that includes retail, offices and two condo towers. In all, some 19 condo towers are going up in downtown Miami, just seven years after the housing market crash.
Greg Allen NPR

Originally published on Fri February 22, 2013 7:07 am

Here's a headline that may sound familiar: Miami is in the middle of a condo boom.

Just seven years ago, Miami had a similar surge in condo construction. But it all came crashing down. There was an international banking crisis, and the Florida real estate bubble burst — taking down investors and many developers.

But new towers are once again reshaping the city's skyline.

Peter Zalewski, a real estate consultant with Condo Vultures, says 19 condo towers are now in the works in Miami, with 7,000 total units.

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Business
4:47 pm
Thu February 21, 2013

Native American Tribes Venture Out Of Casino Business

The Mille Lacs Band says it'€™s putting profits from its casinos into a hotel venture in downtown St. Paul, Minn. The move is to diversify the tribe'€™s business.
Conrad Wilson Minnesota Public Radio

Originally published on Fri February 22, 2013 9:26 am

Nearly half of all Native American tribes across the country are benefiting from casinos and other gaming revenues. For most, it's their largest source of income. But growing threats to that revenue due to competition from non-Indian gaming are forcing many tribes to look for other investment opportunities.

In a dramatic example of that diversification, one group of Native Americans is buying nearly half the hotel rooms in Minnesota's capital.

A Big Business Shift

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The Two-Way
4:31 pm
Thu February 21, 2013

Surely Congress Would Know Better Than to Hurt Airlines. No?

Those baggage fees, cramped seats and tiny pretzel bags to the contrary and notwithstanding, airline passengers enjoyed good times in 2012, according to an annual recap from Airlines for America, the industry trade group.

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All Tech Considered
2:56 pm
Thu February 21, 2013

Watch Out: Apple Patent Hints At Something For Your Wrist

A drawing from Apple's patent application could give clues to the rumored iWatch device.
U.S. Patent and Trademark Office

The rumor mill has been churning out speculation about what's next from Apple.

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The Salt
2:10 pm
Thu February 21, 2013

One In Three Fish Sold At Restaurants And Grocery Stores Is Mislabeled

Escolar, right, is often substituted for more expensive Albacore tuna (left), a report on mislabeled seafood found.
Yoon S. Byun Boston Globe via Getty Images

Originally published on Mon February 25, 2013 11:24 am

There are so many fish in the sea. But from a diner's viewpoint, peering down at a sliver of white fish atop a bed of sushi rice, a lot of them look the same.

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The Salt
1:29 pm
Thu February 21, 2013

Former Peanut Firm Executives Indicted Over 2009 Salmonella Outbreak

A sign outside the Peanut Corp. of America's processing plant in Blakely, Ga.
Ric Feld AP

Originally published on Fri February 22, 2013 9:26 am

Four former executives from Peanut Corp. of America and a related company are facing federal criminal charges for covering up information that their peanut butter was contaminated with salmonella bacteria.

The charges are related to a nationwide outbreak of salmonella back in 2009. More than 700 people became ill, and federal investigators traced the source of the bacteria to peanut butter manufactured in Blakely, Ga., by the Peanut Corp. of America. The company is no longer in business.

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The Two-Way
12:06 pm
Thu February 21, 2013

In Wal-Mart's Earnings Report, A Lesson On The Tax Code

A Walmart store in Paramount, Calif. in November of 2012.
Frederic J. Brown AFP/Getty Images

Originally published on Thu February 21, 2013 12:31 pm

The New York Times points out something rather interesting about an otherwise mundane business story. Wal-Mart's fourth-quarter earnings report tells the tale of how changes in the tax code has both helped corporations and hurt them.

As the Times puts it, during the fourth quarter of last year, "the tax code gave and the tax code took away."

The paper explains:

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The Two-Way
9:46 am
Thu February 21, 2013

Existing Home Sales Rise Again; 'Seller's Market Is Developing,' Realtors Say

A "for sale" sign in San Francisco last summer.
Justin Sullivan Getty Images

Sales of existing homes rose 0.4 percent in January from December and were up 9.1 percent from January 2012, the National Association of Realtors reports.

The trade group also says "a seller's market is developing and home prices continue to rise."

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The Two-Way
7:51 am
Thu February 21, 2013

Who's Been Hacked By China? Better Question Might Be: Who Hasn't?

This week's stories about alleged cyberthieves based in China have news outlets chasing related angles. Today's include:

-- "Chinese Cyberspies Have Hacked Most Washington Institutions, Experts Say."

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The Two-Way
7:48 am
Thu February 21, 2013

Inflation Was In Check Last Month; Jobless Claims Jumped Last Week

Gasoline prices at a station in Encinitas, Calif., earlier this week.
Mike Blake Reuters /Landov

Consumer prices were flat in January, the Bureau of Labor Statistics says. But a driving force behind that good news has reversed itself since then. According to BLS, gasoline prices fell 3 percent last month. In February, though, gas prices have risen sharply. So watch for next month's BLS report on consumer prices to tell a different story.

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Business
4:52 am
Thu February 21, 2013

New York Times Co. To Sell 'Boston Globe'

Originally published on Thu February 21, 2013 5:30 am

The company said it wanted to focus on The New York Times — its flagship newspaper. The Times bought the Globe for a record $1.1 billion in 1993.

Business
4:52 am
Thu February 21, 2013

Google Invites Ideas For Its High Tech Eyewear

Originally published on Thu February 21, 2013 7:37 am

Google says it will select several thousand "Glass Explorers" to test drive its augmented technology eyewear. The company is running a contest to find "bold, creative" people with imaginative ideas about how they would use the technology.

Business
4:52 am
Thu February 21, 2013

Follow Report on H-1B Visa Story

Originally published on Thu February 21, 2013 5:28 am

Two days ago, Morning Edition aired a story about the H-1B program which grants temporary work visas to foreigners with special skills like computer programming. In the story, it was reported that employers have to show they tried to recruit Americans first. But as it turns out, many companies bypass American applicants.

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