Business & Education

Economy
2:07 am
Fri March 29, 2013

Cyprus' Crisis Frames Eurozone As 'Work In Progress'

Banks in Cyprus reopened to customers for the first time in nearly two weeks Thursday, albeit with strict restrictions.
Petros Giannakouris AP

Originally published on Fri March 29, 2013 10:14 am

On the second day since Cyprus reopened its banks, depositors continue to face restrictions on getting at their money. ATM withdrawals are limited to 300 euros a day, and there are limits on how much cash travelers can take abroad.

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Shots - Health News
2:06 am
Fri March 29, 2013

Obamacare Won't Affect Most 2012 Taxes, Despite Firm's Claim

Taxes this year will be as much of a drag as ever. But not because of the Affordable Care Act.
iStockphoto.com

Originally published on Fri March 29, 2013 9:22 pm

If you haven't done your taxes yet, this ad from H&R Block might make you feel even more anxious.

"The Affordable Care Act means big changes this year when you file your taxes," says the young woman in the ad, with a smug smile. She then claims to have read "all 900 pages" of the law so she can offer you a "solution."

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Middle East
2:03 am
Fri March 29, 2013

Syrian Financial Capital's Loss Is Turkey's Gain

Syrian refugees are pictured at Kilis refugee camp in Gaziantep, Turkey, on Nov. 1. An estimated 150,000 Syrians are reported to be living in the Turkish border town.
Maurizio Gambarini DPA/Landov

Originally published on Fri March 29, 2013 9:20 pm

There is a brain drain in Syria, an exodus of the skilled and the educated as the Syrian revolt grinds into a third year.

The health care system is one casualty, as hospitals and clinics are shelled and doctors flee the country.

The business community is another — particularly in Aleppo, Syria's largest city and once the country's industrial and financial hub.

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Business
4:33 pm
Thu March 28, 2013

Farm Bill's Sugar Subsidy More Taxing Than Sweet, Critics Say

While many people enjoy sweet treats — like these chocolate bunnies — the price of a key ingredient has some people bitter. A government subsidy program is criticized for keeping sugar prices too high. But as prices fall, the government may buy sugar to help processors.
Toby Talbot AP

Originally published on Thu March 28, 2013 10:55 pm

While you indulge in some Easter Peeps and chocolates this weekend, you might want to think about all that sugar. No, this isn't a calorie warning. In the U.S., raw sugar can cost twice the world average.

Critics say U.S. sugar policy artificially inflates sugar prices to benefit an exclusive group of processors — even though it leads to higher food prices. But this year, prices fell anyway. Now, the government could be poised to use taxpayer dollars to buy up the excess sugar.

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Around the Nation
4:12 pm
Thu March 28, 2013

In Phoenix, A New Quest For Diverse Public Pool Lifeguards

Originally published on Thu March 28, 2013 5:57 pm

After noticing that most of the lifeguards at the public pools used by Latino and African-American kids were white, the Phoenix aquatics department decided to try to recruit minorities.

More than 90 percent of the students at Alhambra High are black, Latino or Asian. On a recruiting effort there over the winter, the city's Melissa Boyle tells students she's not looking for strong swimmers. Like many under-resourced schools, Alhambra doesn't have a swim team.

"We will work with you in your swimming abilities," Boyle says.

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The Two-Way
3:31 pm
Thu March 28, 2013

1,569: S&P 500 Closes At All Time High, Rising Above Oct. 2007 Mark

A trader on floor of the New York Stock Exchange on March 25, 2013. U
Richard Drew AP

The Standard & Poor's 500 stock index broke new ground today, closing at 1,569, an all-time high that erased the record set on Oct. 9, 2007.

The S&P joins the Dow Jones Industrial Average, which broke its 2007 record earlier this month.

Both indices have now recovered all the losses they suffered during the Great Recession.

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The Two-Way
1:28 pm
Thu March 28, 2013

Chocolatiers Lindt Loses Final Appeal To Trademark Golden Easter Bunnies

Chocolate Easter bunnies by Swiss company Lindt, left, and Austrain company Hauswirth, which agreed to stop making chocolate Easter bunnies that look like those made by Lindt & Spruengli in 2012.
Heinz-Peter Bader Reuters /Landov

Originally published on Thu March 28, 2013 2:02 pm

After 12 years, a federal court in Germany has settled an epic Easter battle: It ruled Lindt & Spruengli, the Swiss chocolatier, could not trademark its gold-foil wrapped easter bunny chocolates.

Germany's international broadcaster Deutsche Welle reports:

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Around the Nation
11:00 am
Thu March 28, 2013

Maybe We Should Retire The Word 'Retire'

The official portrait of retirement has changed, and it didn't change to this.
iStockphoto.com

Retirement ads are everywhere these days. The Villages lures retirees to come live, love and golf in Florida. USAA offers financial counsel to retiring military personnel.

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The Two-Way
7:54 am
Thu March 28, 2013

Slow But Better Than Thought: 4th Quarter GDP Revised Up Again

Originally published on Thu March 28, 2013 9:22 am

The U.S. economy grew at a 0.4 percent annual rate in fourth-quarter 2012, the Bureau of Economic Analysis reported Thursday morning.

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Business
6:16 am
Thu March 28, 2013

Cheap Natural Gas Pumping New Life Into U.S. Factories

A worker hooks up pipe during natural gas drilling by EnerVest on the Barnett Shale near Fort Worth, Texas, in 2012.
Ron Jenkins MCT /Landov

Originally published on Tue April 23, 2013 4:13 pm

The millions of Americans who lost factory jobs over the past decade may find this hard to believe, but U.S. manufacturing is coming back to life.

The chest compressions are applied by the pumping of cheap, domestic natural gas.

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The Two-Way
6:04 am
Thu March 28, 2013

Banks In Cyprus Reopen As Island's Economy Hits Reboot

At a Laiki Bank branch in Nicosia, Cyprus, early Thursday, customers lined up to be among the first allowed in.
Yannis Behrakis Reuters /Landov

Originally published on Thu March 28, 2013 7:54 am

  • From 'Morning Edition': What makes for a good tax haven?
  • From 'Morning Edition': Joanna Kakissis reports

Banks in Cyprus reopened Thursday morning — after two weeks in which they had to keep their doors closed as European leaders worked out a bailout deal for the island's struggling financial sector in a bid to keep its problems from triggering similar crises in other ailing EU nations.

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Business
4:51 am
Thu March 28, 2013

What Makes A Good Tax Haven?

Originally published on Thu March 28, 2013 8:18 am

Transcript

DAVID GREENE, HOST:

OK, so banks in Cyprus are opening today, but there's no doubt that some people who have funds stashed in the country are going to be hunting around for a new place to put their money. We wondered what types of things make a place a popular tax haven.

So we called up Professor James Hines at the University of Michigan Law School. He specializes in tax havens.

Professor, good morning.

JAMES HINES: Good morning.

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Economy
4:51 am
Thu March 28, 2013

IMF: Gas Prices Don't Reflect True Costs

Originally published on Thu March 28, 2013 8:18 am

Transcript

DAVID GREENE, HOST:

It's MORNING EDITION from NPR News. Good morning, I'm David Greene.

LINDA WERTHEIMER, HOST:

And I'm Linda Wertheimer.

When you're filling up a car with gas, chances are you are not looking at the price per gallon and thinking how low it is. And maybe thinking that the government ought to do something about that and raise prices. But the economic wizards at the International Monetary Fund are recommending exactly that, not just for the U.S. but for the entire world.

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Europe
4:51 am
Thu March 28, 2013

After 2-Week Closure, Cypriot Banks Reopen

Originally published on Thu March 28, 2013 8:18 am

Transcript

DAVID GREENE, HOST:

It's MORNING EDITION from NPR News. I'm David Greene.

LINDA WERTHEIMER, HOST:

And I'm Linda Wertheimer.

In Cyprus today, banks reopened after being closed for nearly two weeks. Customers could see the limits on cash withdrawals last for months, as leaders of the island-nation try to prevent a bank-run. Lots of people there are nervous about an EU bailout agreed to this week. The terms of that deal are a shocking outcome for a country which built its wealth on its banking industry.

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Business
4:51 am
Thu March 28, 2013

Researchers Expect Oil Demand To Plateau By Decade's End

Originally published on Thu March 28, 2013 8:18 am

Transcript

LINDA WERTHEIMER, HOST:

NPR's business news starts with an appetite for oil.

(SOUNDBITE OF MUSIC)

WERTHEIMER: Researchers say they see a plateau in the demand for oil. A new report says demand could level off by the end of this decade, and that's a lot sooner than expected, as NPR's Sonari Glinton reports.

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