Business & Education

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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Business
6:08 am
Wed May 22, 2013

Earning News Sends Home Depot Stock Higher

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

Transcript

LINDA WERTHEIMER, HOST:

NPR's business news starts with Home Depot raising the roof.

Home Depot got a boost from the housing recovery in its first-quarter net income. It rose 18 percent; that exceeds expectations. The company acknowledged yesterday that while cool and wet spring weather had a negative impact on some of Home Depot's seasonal business, its core business stayed strong.

Home Depot's stock price rose by 2.5 percent with the news. Transcript provided by NPR, Copyright NPR.

Business
5:47 am
Wed May 22, 2013

Microsoft Unveils Its new Xbox One

Originally published on Wed May 22, 2013 10:04 am

Transcript

LINDA WERTHEIMER, HOST:

The wait is over for many Xbox fans. Yesterday, Microsoft unveiled its next generation Xbox gaming console. It's called Xbox One. It's the first major revamp of the gaming system since 2005. In our business bottom line, NPR's Laura Sydell reports the new Xbox is designed to be an all-in-one system, an entertainment hub for movies, TV and games that should appeal as much to grandparents as it does to children.

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Business
5:39 am
Wed May 22, 2013

Parking Industry Tries To Make Your Life Easier

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

Transcript

DAVID GREENE, HOST:

Finding a parking space, probably not at the top of the list of things you like to do. Well, experts in parking think they might be able to change that. One key, they say, is for developers to think about the parking experience when they're designing malls or apartment complexes, instead of just treating it as an afterthought.

This came up in Florida this week, at the International Parking Institute's annual conference. Reporter Kenny Malone, from member station WLRN, was there.

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Business
5:32 am
Wed May 22, 2013

Court Rules Vacation Rental Site Illegal In New York

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

Transcript

DAVID GREENE, HOST:

Here's some news for travelers. If you can't afford - or don't want to pay the price for - a hotel room, maybe you've used the cheap lodging site Airbnb. If so, you have to take New York City off your list. The popular website has suffered a major setback in court. A judge in New York ruled that an Airbnb user in Manhattan violated local laws when he rented a room to an out-of-towner.

From member station WNYC, Ilya Marritz reports.

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Politics
5:32 am
Wed May 22, 2013

Battle Lines Harden In Debate Over Blame For IRS Controversy

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

Transcript

LINDA WERTHEIMER, HOST:

Lawmakers are demanding to know what went wrong and who is to blame at the IRS. Two Senate committees held hearings yesterday on the agency's aggressive handling of applications from conservative groups who were seeking tax-exemption. A top IRS official facing a House committee, today, intends to invoke her Fifth Amendment right not to testify. NPR's Peter Overby reports.

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Planet Money
2:07 am
Wed May 22, 2013

Why Apple (And Lots Of Other Companies) Wound Up In Ireland

Andy Wong AP

Originally published on Wed May 22, 2013 8:35 am

Apple was criticized in a Senate committee hearing Tuesday for using complex accounting to minimize the corporate taxes it pays. One key piece of the company's tax strategy: It funnels lots of its profits through subsidiaries in Ireland.

Offering low corporate tax rates has been a fundamental part of Ireland's economic strategy for decades — a way to get foreign companies to set up operations in the country.

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Your Money
2:01 am
Wed May 22, 2013

Instead Of Snoozing In Savings, Let's Put $5,000 To Work

Robyn Mackenzie iStockphoto.com

Originally published on Wed May 29, 2013 2:40 pm

If you have a savings account you probably already know this: Your money there is losing value to inflation. Yields are so low that returns are not even keeping up with the cost of living.

I've been watching some of my own savings dwindle. And that prompted me to take up a challenge: I'm taking $5,000 from personal savings and putting it to work. I'm not a financial whiz, pundit or any kind of guru.

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Business
4:43 pm
Tue May 21, 2013

Apple CEO Defends Tax Practices At Senate Hearing

Transcript

ROBERT SIEGEL, HOST:

From NPR News, this is ALL THINGS CONSIDERED. I'm Robert Siegel.

MELISSA BLOCK, HOST:

And I'm Melissa Block.

The top executives of Apple faced tough questions today on Capitol Hill. They came at a hearing about Apple's alleged avoidance of billions of dollars in U.S. income taxes. Yesterday, Senate investigators released a study describing how the maker of the iPhone, iPad and Mac computers used subsidiaries based in Ireland to avoid income taxes on a big chunk of its global profits.

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Business
4:43 pm
Tue May 21, 2013

JPMorgan Chase CEO Spared By Shareholders

Transcript

ROBERT SIEGEL, HOST:

Jamie Dimon, the chairman and CEO of JP Morgan Chase, has beaten back the most significant challenge to his leadership since he took charge. Company shareholders turned down a proposal that would have taken away one of his titles.

But as NPR's Jim Zarroli reports, shareholders made clear they are unhappy about the performance of some board members.

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