Business & Education

Business
1:07 pm
Tue May 21, 2013

Apple, Tech Giants And An Industrial-Age Tax Code

Apple CEO Timothy Cook made a rare appearance on Capitol Hill on Tuesday, testifying after congressional investigators revealed that Apple avoided billions in taxes. Reporter Charles Duhigg of The New York Times and guest host Jennifer Ludden talk about how, as Duhigg writes, "technology giants have taken advantage of tax codes written for an industrial age."

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The Two-Way
11:55 am
Tue May 21, 2013

Airbnb Stays Are Illegal In New York, Court Rules

A search for places to stay in New York City via Airbnb returns plenty of results, despite the practice of short-term rentals being found to be illegal under city and state law.
Airbnb

People who use Airbnb, the web company that pairs travelers with residents who rent out their homes on a short-term basis, are breaking New York City's laws, according to an administrative law judge. The vacation rental business was found to run afoul of the city's occupancy code; it also doesn't conform with a state law.

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The Two-Way
11:47 am
Tue May 21, 2013

JPMorgan Shareholders Vote To Keep Dimon As Chairman, CEO

JPMorgan Chase CEO Jamie Dimon during testimony on Capitol Hill.
Mark Wilson Getty Images

JPMorgan Chase shareholders voted on Tuesday to allow Jamie Dimon to continue being their chairman and CEO.

The AP reports:

"At the bank's annual meeting, 32 percent of shareholders voted for a measure that would have required the bank to split the roles. Had the measure succeeded, Dimon would have had to relinquish the role of chairman.

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Business
4:52 am
Tue May 21, 2013

Business News

Originally published on Tue May 21, 2013 10:13 am

Transcript

DAVID GREENE, HOST:

We'll NPR's business news with Boeing still dreaming.

(SOUNDBITE OF THEME MUSIC)

GREENE: Boeing's Dreamliner took off yesterday - it was a United Airlines flight from Houston to Chicago. This was the first time the fuel-friendly jet was back in U.S. skies in nearly five months. The 787 planes had been grounded since January because of battery problems, which cost United roughly $11 million in revenue.

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Business
4:52 am
Tue May 21, 2013

The Last Word In Business

Originally published on Tue May 21, 2013 10:13 am

Transcript

STEVE INSKEEP, HOST:

Tumblrese.

DAVID GREENE, HOST:

And today's last word in business is: almost millionaires.

INSKEEP: Warren Buffett took time yesterday to listen to kids pitching potential new enterprises. These are kids who competed through Buffett's Secret Millionaires Club, a Web and cable series featuring a cartoon.

(SOUNDBITE OF WEB CARTOON, "SECRET MILLIONAIRES CLUB")

(SOUNDBITE OF MUSIC)

WARREN BUFFETT: Hey, kids, Warren Buffett here. A successful business is always trying new things.

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Europe
4:52 am
Tue May 21, 2013

Young People Cast Out Of Italy's Welfare System

Originally published on Tue May 21, 2013 10:13 am

Transcript

STEVE INSKEEP, HOST:

We are also following a subtler story of economic devastation, even with all the news about unemployment in Europe, this next number is hard to absorb. In Italy, among younger people, the jobless rate us close to 40 percent. The government is focused on the middle-aged and the elderly leaving little room it seems for their kids

Here's NPR's Sylvia Poggioli.

(SOUNDBITE OF SCREAMING AND SHOOTING)

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Business
4:52 am
Tue May 21, 2013

Tumblr Users Urge New Owner Yahoo To Keep The Site Weird

Originally published on Tue May 21, 2013 10:13 am

Transcript

DAVID GREENE, HOST:

Yahoo's purchase of the blogging site Tumblr sent shockwaves through the Tumblrverse. Is that actually a word now?

WNYC's Ilya Marritz reports that the site's users want to keep Tumblr out of the mainstream.

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Business
3:22 am
Tue May 21, 2013

JPMorgan Shareholders Consider Splitting CEO, Chairman Jobs

Originally published on Tue May 21, 2013 10:13 am

Transcript

STEVE INSKEEP, HOST:

JPMorgan Chase holds its annual shareholder meeting today in Tampa, Florida, and the shareholders will vote on a key measure: a proposal to strip the CEO, Jamie Dimon, of his other title, chairman of the board. A growing number of companies have split the CEO and chairman roles.

Shareholder activists and corporate governance experts say having a balance of power at the top helps to reduce risk. The bank and its supporters disagree. NPR's Yuki Noguchi reports.

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Parallels
1:59 am
Tue May 21, 2013

The Global Afterlife Of Your Donated Clothes

Worker Charles Lee sorts through clothes at Mac Recycling near Baltimore. Textile recycling is a huge international business, and a small facility like Mac ships about 80 tons of clothes each week to buyers around the world.
Jackie Northam NPR

Originally published on Tue May 21, 2013 8:04 pm

On a bright and warm Saturday morning, there's a steady flow of people dropping off donations at Martha's Table, a charity in downtown Washington, D.C. A mountain of plastic and paper bags stuffed with used dresses, scarves, skirts and footwear expands in one corner of the room. Volunteers sort and put clothes on hangers. They'll go on sale next door, and the proceeds will help the needy in the area.

It's a scene played out across the U.S.: people donating their old clothes, whether through collection bins or through large charities, to help others.

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Private School Tax Credits
7:30 pm
Mon May 20, 2013

Ala. Legislature Rejects Bentley's 2-Year-Delay

The Republican majority in the Alabama Legislature has handed the Gov. Robert Bentley a major defeat by rejecting his proposal to delay the start of private school tax credits for two years.
Credit State of Alabama

The Republican majority in the Alabama Legislature has handed the Republican governor a major defeat by rejecting his proposal to delay the start of private school tax credits for two years.

The House voted against the governor's proposal 57-10 Monday. Then the Senate agreed 19-15 at the urging of the architect of the tax credits, Senate President Pro Tem Del Marsh. Republicans provided the decisive votes.

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Business
4:28 pm
Mon May 20, 2013

Boeing's Dreamliner Returns To U.S. Skies After Grounding

Originally published on Mon May 20, 2013 8:00 pm

Transcript

ROBERT SIEGEL, HOST:

Boeing's 787 jetliners are returning to the skies. Four months ago, the entire fleet was grounded following serious battery problems on two jets, but the batteries have now been redesigned. Planes have been retrofitted, and airlines are beginning to put them back into service. Today, United Airlines, the only U.S. carrier flying the 787, put two of them back into service. NPR's Wendy Kaufman reports.

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Business
4:28 pm
Mon May 20, 2013

What Makes Start-Up Tumblr Worth $1.1 Billion?

Originally published on Tue May 21, 2013 7:54 am

Transcript

MELISSA BLOCK, HOST:

From NPR News, it's ALL THINGS CONSIDERED. I'm Melissa Block.

ROBERT SIEGEL, HOST:

I'm Robert Siegel. Some big numbers are being thrown around in Silicon Valley today. This morning, Yahoo CEO Marissa Mayer announced that Yahoo is buying Tumblr, a social media and blogging startup. The price, $1.1 billion and that for a site which last year earned a tiny fraction of that amount in revenue.

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All Tech Considered
3:49 pm
Mon May 20, 2013

With New Xbox, Microsoft Makes A Bigger Play For Living Room

An Xbox 360 video presentation at the E3 Media and Business Summit in Los Angeles in 2008. Microsoft is scheduled to introduce its newest Xbox on Tuesday.
Ric Francis AP

Originally published on Mon May 20, 2013 8:00 pm

Microsoft hasn't exactly had a great couple of years.

Its new Windows 8 operating system was held responsible for the drop in PC sales last quarter. Sales of its Windows Phones lag far behind both the iPhone and Google's Android phones.

The light in the darkness for Microsoft has been the Xbox 360, which has been the top-selling game console for over two years — beating out both the Nintendo Wii and Sony's PlayStation. On Tuesday, Microsoft is expected to announce a new version of the Xbox.

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All Tech Considered
3:29 pm
Mon May 20, 2013

Yahoo's Other Billion Dollar Bets: Where Are They Now?

GeoCities employees pose for a picture in 1999 after the Yahoo acquisition was announced. Yahoo quietly shut down GeoCities a decade later.
Mark J. Terrill AP

Originally published on Mon May 20, 2013 4:57 pm

Yahoo's $1.1 billion purchase of Tumblr could be considered a bargain compared with its other big-dollar bets. The company's history is dotted with pricey purchases of once-hot Web properties that had more promise than eventual purpose. A look back:

GeoCities, 1999: $3.7 Billion

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The Salt
2:27 pm
Mon May 20, 2013

Washington State Butcher Spikes Pig Feed With Weed

William von Schneidau, who owns the BB Ranch butcher shop at Pike Place Market in Seattle, has made prosciutto from pigs fed marijuana.
Courtesy of BB Ranch

Originally published on Wed May 22, 2013 9:25 am

William von Schneidau, an intrepid butcher in Seattle, is giving a whole new meaning to "potbelly pig." Lately, he's been feeding marijuana refuse to the pigs he turns into prosciutto for BB Ranch, his butcher shop in the city's famous Pike Place Marke

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