Business & Education

Code Switch
2:33 pm
Wed April 24, 2013

Home Sweet Home Costs More For Blacks And Latinos

A "sold" sign is posted outside a home in Carmel, Ind. Black and Latino homebuyers pay about 3.5 percent more for housing than whites and Asians, according to a study released this week by Duke University.
Michael Conroy AP

Black and Latino homebuyers pay more for housing than whites and Asians, according to a study released this week by Duke University. The price difference is about 3.5 percent.

That may not sound like a lot. But Patrick Bayer, a Duke economics professor who led the study, says when you do the math, that percentage can translate to about $5,000 or $10,000 per housing sale.

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Wisdom Watch
11:04 am
Wed April 24, 2013

From The Border To The Fortune 500

Transcript

MICHEL MARTIN, HOST:

I'm Michel Martin and this is TELL ME MORE from NPR News. Now it's time for our Wisdom Watch conversation. That's where we speak with people who've made a difference in their fields.

Today, we hear from one of the most influential tech executives you probably have never heard of unless you're in that field. Not only that, his personal story is just as - if not more - interesting than those of the superstar CEOs you may have heard about in high tech.

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Economy
10:53 am
Wed April 24, 2013

Help Wanted, But Only Part Time

In today's economy, many people in search of work can only find part-time jobs. The Bureau of Labor Statistics finds the number of 'involuntary' part-time workers has doubled since 2006. Host Michel Martin talks about what this means for the workplace and the economy, with The Wall Street Journal's Sudeep Reddy.

The Two-Way
9:06 am
Wed April 24, 2013

Boeing To Resume 787 Deliveries; NTSB Probes Certification

NTSB Chairwoman Deborah Hersman during Tuesday's hearing.
Alex Wong Getty Images

Originally published on Wed April 24, 2013 10:11 am

Update at 10:50 a.m. ET: Boeing to resume deliveries of 787s

Boeing, which had delivered about 50 of its new passenger aircraft before battery failures in January grounded the plane, says it will resume deliveries to airline customers in early May, The Associated Press reports.

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Business
5:03 am
Wed April 24, 2013

The Last Word In Business

Originally published on Wed April 24, 2013 6:20 am

People who measure risk and uncertainty ranked in the top spot of the survey by CareerCast.com. At the bottom of the list with reporters are flight attendants, roofers, mail carriers, meter readers, dish washers and lumber jacks.

Around the Nation
5:03 am
Wed April 24, 2013

NTSB Hearing Probes Boeing's Battery Failure Incidents

Originally published on Wed April 24, 2013 6:20 am

Boeing and the Federal Aviation Authority may be in for another day of tough questions as the National Transportation Safety Board continues its probe of batteries on the 787 Dreamliner. Two severe battery failures prompted the world-wide grounding of the fleet in January.

Business
5:03 am
Wed April 24, 2013

Business News

Originally published on Wed April 24, 2013 6:20 am

Transcript

(SOUNDBITE OF MUSIC)

STEVE INSKEEP, HOST:

How you like them apples? Apple is at the start of our business news.

(SOUNDBITE OF MUSIC)

Around the Nation
5:03 am
Wed April 24, 2013

Boston Business Owners Allowed To Return To Bombing Site

Originally published on Wed April 24, 2013 6:19 am

Transcript

DAVID GREENE, HOST:

The massive swath of Boston that has been closed for more than a week is getting closer to reopening. City officials yesterday brought victims of the marathon bombings and their relatives in for a private visit and allowed neighborhood residents back home for the first time in over a week. Businesses also began the process of cleaning up and preparing to reopen.

The hardest-hit shops and restaurants remain boarded up. As NPR's Tovia Smith reports, others are hoping to reopen today or tomorrow.

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Business
5:03 am
Wed April 24, 2013

Fake Tweet Causes Financial Markets To Drop

Originally published on Wed April 24, 2013 6:20 am

Transcript

DAVID GREENE, BYLINE: Hackers got into the Associated Press's Twitter account yesterday and sent out a fake tweet saying that the White House had been attacked. Though the tweet was discredited very quickly, it created a swift and panicked reaction on the stock market.

Here's NPR's Jim Zarroli.

JIM ZARROLI, BYLINE: The tweet said that a pair of bombs had gone off in the White House and President Obama was injured. Almost instantaneously, the Dow Jones Industrial Average fell 125 points.

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The Two-Way
3:58 pm
Tue April 23, 2013

Bill Gates' Handshake With South Korea's Park Sparks Debate

This handshake between South Korean President Park Geun-hye and Microsoft founder Bill Gates sparked debate over whether the American — who kept his left hand in his pocket — had been rude. Other photos clearly show Gates' hand in his pocket.0
Lee Jin-man AP

Microsoft founder Bill Gates met with South Korean President Park Geun-hye Monday, part of a visit to build business ties and boost nuclear energy plans. But it was the handshake they shared that created the biggest stir in Korean society, after Gates greeted Park with a smile — and his left hand jammed into his pants pocket.

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Business
3:52 pm
Tue April 23, 2013

Online Retailers Take Opposite Sides On Sales Tax Bill

Humberto Manzano Jr. moves a pallet of goods at an Amazon.com fulfillment center in Phoenix in 2010. Amazon has endorsed a bill making its way through the Senate that would require more online retailers to collect sales tax.
Ross D. Franklin AP

Originally published on Tue April 23, 2013 7:04 pm

More online retailers would have to collect sales tax under a bill making its way through the U.S. Senate this week. The measure won strong bipartisan backing on a procedural vote Monday, and President Obama has said he would sign it.

The political battle over the bill pits online retailers against brick-and-mortar stores — and, in some cases, against other online sellers.

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Planet Money
3:26 pm
Tue April 23, 2013

Has The Cupcake Bubble Finally Popped?

Back in 2010, our own Jacob Goldstein called the cupcake craze a "bubble of historic proportions." He called it too early.

The following year, Crumbs Bake Shop went public, and Jacob began to doubt himself.

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Business
3:16 pm
Tue April 23, 2013

Investors Pessimistic About Apple's Growth Potential

Originally published on Tue April 23, 2013 7:04 pm

Transcript

ROBERT SIEGEL, HOST:

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

AUDIE CORNISH, HOST:

And I'm Audie Cornish. This afternoon, investors watched even more closely than usual as Apple released its quarterly earnings. The numbers beat Wall Street's gloomy expectations. But for the first time in a decade, Apple's profits fell from the same period a year earlier. NPR technology correspondent Steve Henn joins us from Silicon Valley to talk about today's results. Hey there, Steve.

STEVE HENN, BYLINE: Hi.

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Business
3:16 pm
Tue April 23, 2013

Natural Gas Gives Maine Paper Plant A Competitive Edge

Originally published on Tue April 23, 2013 7:04 pm

Transcript

AUDIE CORNISH, HOST:

We've reported on how cheap natural gas is revolutionizing the energy industry. It's plentiful, thanks to the drilling technique known as fracking. Well, that's also changing American manufacturing. Factories are turning to natural gas to replace oil and even biomass sources like woodchips. And here's an example, a paper mill in East Millinocket, Maine.

Jay field of Maine Public Radio has the story.

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The Two-Way
1:05 pm
Tue April 23, 2013

Pew: Wealthiest Experience Big Boost In Post-Recession Worth

Falling home prices from 2009-2011 contributed to the disparity.
Kevork Djansezian Getty Images

Originally published on Tue April 23, 2013 4:40 pm

Some 93 percent of Americans saw their mean net worth fall in the first two years of the post-recession recovery, while the remaining 7 percent increased net worth by nearly a third, according to a new Pew Research Center analysis of Census Bureau data.

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