Business & Education

Business
3:42 am
Wed April 10, 2013

Business News

Originally published on Wed April 10, 2013 4:35 pm

Transcript

DAVID GREENE, HOST:

We'll begin NPR's business news with a $3.6 billion payback.

(SOUNDBITE OF MUSIC)

GREENE: Starting this week, the nation's largest banks begin sending out checks to borrowers forced into home foreclosure during the robo-signing scandal. Over four million people will receive payments - ranging from $300 to $125,000 - as part of settlements made with the federal government.

Education
3:42 am
Wed April 10, 2013

Survey: More Pell Grant Recipients Are Nontraditional Students

Originally published on Wed April 10, 2013 12:01 pm

The federal government each year gives needy college students billions of dollars they don't have to pay back — $34.5 billion to be exact. More than 9 million students rely on the Pell Grant program. But a new study says much of the money is going to people who never graduate.

Sandy Baum, an expert on student financial aid, has been leading a group in a study of the 48-year-old Pell Grant program. Their report, commissioned by the nonprofit College Board, confirms what many have known for years about grant recipients.

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Business
3:38 am
Wed April 10, 2013

Ford Claims Top Spot In Global Sales Race

Originally published on Wed April 10, 2013 6:20 am

The Focus is the best-selling "nameplate" worldwide, followed by the Toyota Corolla, new data shows. Ford's sales have jumped in recent years as it dropped unsuccessful models and adopted a single global manufacturing system.

Business
3:38 am
Wed April 10, 2013

Businesses Seek Out Areas With 'Culture Of Health'

Originally published on Wed April 10, 2013 6:20 am

Businesses looking to relocate are making the health of a state's population part of their decision-making process. One Fortune 500 CEO explains it can save millions in reduced health insurance claims and absenteeism. Colorado's economic development officials are already trying to improve the health and fitness of the next generation of workers in order to stay competitive.

Business
3:38 am
Wed April 10, 2013

Goodyear Updates Its 'Aerial Ambassador' The Blimp

Originally published on Wed April 10, 2013 6:20 am

One of the oldest billboards in American advertising is getting an update. The Goodyear blimp has been used for company promotions since 1925. A new model is being assembled in Akron, Ohio, by a crew from Goodyear and the German company Zeppelin.

Business
3:38 am
Wed April 10, 2013

The Last Word In Business

Originally published on Wed April 10, 2013 6:20 am

That's the goal of an investment firm in Helsinki. That's the term for a video game controlled by brainwaves. The Wall Street Journal reports the agency is bringing together neuroscientists and game developers.

Around the Nation
3:38 am
Wed April 10, 2013

Court: Exxon-Mobile Guilty In N.H. Contamination Suit

Originally published on Wed April 10, 2013 5:09 pm

Transcript

DAVID GREENE, HOST:

A jury in New Hampshire has ruled that Exxon-Mobile must pay the state $236 million. The money would help clean groundwater that was contaminated with a gasoline additive known as MTBE. But as New Hampshire Public Radio's Sam Evans-Brown reports, the story doesn't end there.

SAM EVANS-BROWN, BYLINE: In a little state like New Hampshire, $236 million is nothing to sneeze at.

(SOUNDBITE OF ANNOUNCEMENT)

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Politics
3:38 am
Wed April 10, 2013

White House To Unveil 2014 Budget Plan

Originally published on Wed April 10, 2013 6:20 am

President Obama formally releases his budget for fiscal 2014 Wednesday. But it's not clear if anyone in the Republican leadership is even willing to negotiate the details.

The Sequester: Cuts And Consequences
2:22 am
Wed April 10, 2013

Some Public Defenders Warn: 'We Have Nothing Left To Cut'

Originally published on Wed April 10, 2013 6:20 am

Steven Nolder joined the federal public defender's office when it opened in Columbus, Ohio, nearly 18 years ago. Nolder handled his share of noteworthy cases, including the first federal death penalty trial in the district and the indictment of a former NFL quarterback embroiled in a ticket fraud scheme.

Lately, Nolder says, his professional world has turned upside down.

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Business
2:20 am
Wed April 10, 2013

Construction Booming In Texas, But Many Workers Pay Dearly

Marchers at the state capitol building in Austin, Texas, in February protest working conditions in the state's construction sector.
Jason Cato Courtesy of Workers Defense Project

Originally published on Thu April 11, 2013 12:12 pm

Like almost everything in the Texas, the construction industry in the Lone Star State is big. One in every 13 workers here is employed in the state's $54 billion-per-year construction industry.

Homebuilding and commercial construction may be an economic driver for the state, but it's also an industry riddled with hazards. Years of illegal immigration have pushed wages down, and accidents and wage fraud are common. Of the nearly 1 million workers laboring in construction here, approximately half are undocumented.

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Financial Basics For Baby Boomers
2:19 am
Wed April 10, 2013

Debt And The Modern Parent Of College Kids

How will you pay for your kids' college?
iStockphoto.com

Originally published on Wed April 10, 2013 8:44 am

It's college touring season, and many parents are on the road with their teenagers, driving from school to school and thinking about the college application — and financial aid — process that looms ahead.

Many baby boomers have already been through this stage with their kids, but because the generation spans about 20 years, others still have kids at home. So how should boomers plan to pay for school when, on average, students graduate from college in the U.S. with $25,000 in debt?

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AEA Rally
5:26 pm
Tue April 9, 2013

AEA Rally Draws Big Crowd In Montgomery

Incoming AEA President Anita Gibson says a similar rally a year ago helped defeat a bill legalizing charter schools.
Credit twitter.com

Several hundred members of the Alabama Education Association filled the Capitol steps to push for better working conditions and the repeal of new state tax credits for private school students.


The rally Tuesday was one of the biggest by any group during this year's legislative session.

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Alabama-Women Businesses
4:54 pm
Tue April 9, 2013

Women-Owned Businesses Seeing Growth In Ala.

The report from American Express OPEN shows the number of businesses owned by women in Alabama has jumped significantly from 1997.
Credit American Express Open / twitter.com

A new study says the number of businesses owned by women in Alabama has increased about 67 percent since 1997.


That makes the state No. 12 nationally in terms of the growth of female-owned companies during the period.


The report released by American Express OPEN says Alabama now has about 116,000 companies owned by women. Those Alabama-based companies will have sales estimated at $16 billion this year.


The report says Alabama has surpassed the national growth rate of women-owned firms of 59 percent over the last 15 years.

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The Two-Way
4:47 pm
Tue April 9, 2013

Bitcoin Surpasses $200 Mark, Continuing 'Epic' Rise

A chart shows the sharp rise of bitcoin against the U.S. dollar in the past five days. Only two months after exchange rates put a single bitcoin's value at around $20, it surpassed $200 Tuesday.
Bitcoin Charts

Bitcoin, the digital currency that trades outside the control of central banks and international borders, reached new heights Tuesday, surpassing the $200 mark for the first time. That level comes just five days after bitcoin approached $150, a development that Mt.Gox, the largest exchange service for the currency, deemed to be "epic."

Bitcoin's rise has been sharp. It was only two months ago that exchange rates put a single bitcoin's value at around $20.

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Business
4:34 pm
Tue April 9, 2013

After Missteps, Does J.C. Penney Stand Another Chance?

After an unsuccessful face-lift attempt by Ron Johnson, J.C. Penney will be led by former CEO Myron Ullman. Some analysts say this might be it for the retailer; others say it must "embrace" its customers to recuperate.
Mary Altaffer AP

Originally published on Tue April 9, 2013 6:34 pm

A year and a half ago, J.C. Penney's then-brand new CEO Ron Johnson undertook what was supposed to be a transformation of the 110-year-old department store. Yesterday, the retailer cut his tenure short.

J.C. Penney lost nearly $1 billion last year as customer traffic dropped off.

Now, it's bringing back former Chief Executive Officer Myron Ullman to try to stanch the bleeding.

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