Business & Education

Planet Money
2:18 am
Fri May 24, 2013

Can This Man Bring Silicon Valley To Yangon?

Lam Thuy Vo NPR

Originally published on Fri May 24, 2013 8:29 am

Like a proud father, Nay Aung opens up his MacBook Air to show me the Myanmar travel website he has built. But we wait 30 seconds for the site to load, and nothing happens.

"Today is a particularly bad day for Internet," he says. This is life in Myanmar today: Even an Internet entrepreneur can't always get online.

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The Salt
3:34 pm
Thu May 23, 2013

This 9-Year-Old Girl Told McDonald's CEO: Stop Tricking Kids

Hannah Robertson, 9, and her mom, blogger Kia Robertson — with the makings for kale chips, of course.
Jamie Robertson Courtesy Jamie Robertson

Originally published on Tue May 28, 2013 10:28 am

It's not every day that a 9-year-old girl chastises the CEO of one of the world's biggest fast-food chains.

Yet that's exactly what young Hannah Robertson did Thursday morning at McDonald's annual shareholders meeting in Chicago. When the meeting opened up to questions, Hannah was first up at the mic with a pointed criticism.

"It would be nice if you stopped trying to trick kids into wanting to eat your food all the time," she told McDonald's CEO Don Thompson.

Ouch.

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Education
10:32 am
Thu May 23, 2013

Being Blind To Financial Need: Is It Worth It?

Millions of students rely on loans and grants for their studies. But with universities strapped for cash, fewer schools are able to admit students regardless of their financial need. Host Michel Martin asks the President of Iowa's Grinnell College, Dr. Raynard Kington, why his school considered putting a halt to need-blind admissions.

The Two-Way
10:15 am
Thu May 23, 2013

Production Of New Vehicles Predicted To Hit 2002 Levels

Strong new-vehicle retail sales figures have led analysts to predict North American production will reach 16 million units in 2013 — a mark not hit since 2002. Part of the rise is due to strong demand for pickup trucks.
Justin Sullivan Getty Images

Originally published on Thu May 23, 2013 2:08 pm

Strong new-vehicle sales figures are causing industry analysts to revise their forecasts for North American production levels in 2013, with J.D. Power & Associates and LMC Automotive predicting 16 million units will be produced — a mark not hit since 2002.

More than 1,157,000 new vehicles are projected to be sold in May, the third month in a row to top the 1 million level. The growth is being helped by strong demand for full-sized pickups, which represent more than 11 percent of retail sales, according to a news release from J.D. Power.

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The Two-Way
9:20 am
Thu May 23, 2013

Jobless Claims Drop, But Stay In Recent Range

There were 340,000 first-time claims for unemployment insurance last week, down 23,000 from the week before, the Employment and Training Administration reports.

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Business & Education
7:37 am
Thu May 23, 2013

Auburn Among Fastest-Growing US Cities

A look at the Auburn University campus. New information from the U.S. Census Bureau shows Auburn was among the top 15 fastest-growing cities with populations fo at least 50,000 people.
http://en.wikipedia.org

A new estimate shows Auburn is among the fastest growing in the country.

   The estimate released Thursday by the U.S. Census Bureau shows Auburn was among the top 15 fastest-growing cities with populations of at least 50,000 people.

   AL.com reports (http://bit.ly/11cP9j0 ) the city had an estimated population growth rate of 3.71 percent during the one-year period starting July 1, 2011.

   Eight Texas cities made the ranking of 15 with San Marcos, located between San Antonio and Austin, topping the list with a 4.91 percent increase.

Business
3:46 am
Thu May 23, 2013

Goldman Sachs Is Doing Well. So Is Its CEO, Lloyd Blankfein

Originally published on Fri May 24, 2013 11:54 am

Transcript

RENEE MONTAGNE, HOST:

The big bank Goldman Sachs holds its annual shareholder meeting today. These meetings are a chance for shareholders to hear from the CEO and vote on key issues, like CEO's pay. Five years ago, during the financial crisis, Goldman's CEO was a poster boy for overpaid executives. To find out how much Lloyd Blankfein is making now, we reached Neil Weinberg. He's editor-in-chief of American Banker.

Thanks for joining us.

NEIL WEINBERG: My pleasure.

MONTAGNE: So how much did Mr. Blankfein make?

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Politics
3:38 am
Thu May 23, 2013

IRS Official's Silence Riles House Committee Members

Originally published on Fri May 24, 2013 11:54 am

Transcript

RENEE MONTAGNE, HOST:

The IRS has admitted to targeting conservative groups seeking tax exempt status. And yesterday at a House hearing the IRS director of exempt organizations said, quote: "I have not done anything wrong." She then declined to testify. Lois Lerner's brief appearance at the committee was just the beginning of a stormy, five-hour session filled with angry outbursts and allegations of political motives.

NPR's Peter Overby reports.

PETER OVERBY, BYLINE: Lois Lerner did read a statement that she had done her job properly.

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Business
3:38 am
Thu May 23, 2013

When Will Fed Officials Ease Off The Accelerator?

Originally published on Fri May 24, 2013 11:54 am

Transcript

DAVID GREENE, HOST:

NPR's business news starts with some of the shine off the stock market.

(SOUNDBITE OF MUSIC)

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Business
3:38 am
Thu May 23, 2013

The Last Word In Business

Originally published on Fri May 24, 2013 11:54 am

Transcript

RENEE MONTAGNE, HOST:

And our last word in business today is causing a bit of a stink in Venezuela, that would be a toilet paper shortage.

DAVID GREENE, HOST:

Venezuela is rich in oil, but relies on imports for many basic goods - including toothpaste, soap and yes, toilet paper. For weeks now, the country has had chronic toilet paper shortage.

MONTAGNE: Lawmakers voted to approve a $79 million credit to the government to resolve the issue. They aim to initially import some 39 million rolls.

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Education
3:38 am
Thu May 23, 2013

College Students Eye Calendar, Wait To See If Loan Rates Double

Originally published on Fri May 24, 2013 11:54 am

Transcript

DAVID GREENE, HOST:

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Business
3:38 am
Thu May 23, 2013

Business News

Originally published on Fri May 24, 2013 11:54 am

Transcript

DAVID GREENE, HOST:

NPR's business news begins with a big payback to the Fed.

(SOUNDBITE OF MUSIC)

GREENE: Three years ago President Obama's green energy loan program gave a $455 million federal loan to electric carmaker Tesla. Critics bashed the loan as risky. Yesterday, Tesla announced it had paid that loan back in full - and early. The company was one of five carmakers to get money into the program. Tesla was first to repay it. Transcript provided by NPR, Copyright NPR.

Planet Money
2:04 pm
Wed May 22, 2013

Go East, Young Marijuana Dealer

David McNew Getty Images

Originally published on Wed May 22, 2013 5:40 pm

Chuck used to sell marijuana in California. But the legalization of medical marijuana in the state meant he was suddenly competing against hundreds of marijuana dispensaries. So he moved to New York, where marijuana is still 100 percent illegal. Since making the move, he says, he's quadrupled his income. (For the record: His name isn't really Chuck.)

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The Two-Way
10:37 am
Wed May 22, 2013

Bernanke Hints That The Economy Still Needs Help

Federal Reserve Chairman Ben Bernanke during his Capitol Hill testimony Wednesday before the Joint Economic Committee.
Alex Wong Getty Images

In the nearly impenetrable language that comes with his job, Federal Reserve Chairman Ben Bernanke told Congress on Wednesday that even though the economy is doing better, the central bank needs to keep giving it a boost.

The key passage from his prepared testimony:

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Business
6:12 am
Wed May 22, 2013

Qantas Airlines To Offer In-Flight Books

Originally published on Wed May 22, 2013 8:29 am

Transcript

DAVID GREENE, HOST:

And our last word in business on this Wednesday is: Mile High Book Club.

LINDA WERTHEIMER, HOST:

We're talking about an in-flight library offered by the Australian airline Qantas.

GREENE: They will still have movies on the plane, that right, Linda?

WERTHEIMER: Yes, David. But Qantas is telling passengers who want to read that they can ditch their Kindles and settle in with a paperback.

(SOUNDBITE OF AD)

(SOUNDBITE OF MUSIC)

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