Business & Education

Politics
4:16 am
Fri March 1, 2013

There's Still A Chance To Avoid Sequester Cuts

Originally published on Fri March 1, 2013 5:49 am

President Obama meets with bipartisan congressional leaders at the White House Friday. Deep budget cuts could start taking effect Friday unless there's a last minute agreement.

Business
4:16 am
Fri March 1, 2013

The Last Word In Business

Originally published on Fri March 1, 2013 6:10 am

Todd Duffey is suing the publisher Perseus which sells a book and a collection of buttons called the Office Space Box of Flair, inspired by the 1999 movie. Duffey doesn't like that his face appears on the cover of the book and on one of the buttons in the collection.

Economy
4:16 am
Fri March 1, 2013

Economists Debate Sequestration's Effect On Economy

Originally published on Fri March 1, 2013 12:47 pm

The Congressional Budget Office estimates the automatic budget cuts that go into effect Friday will shave 0.6 percent from the economy's annual growth rate. That might not be a big worry if the economy were growing at 3 or 4 percent. But growth is a paltry 2 percent, so the impact may be noticeable.

Planet Money
2:01 am
Fri March 1, 2013

Sales Are Like Drugs. What Happens When A Store Wants Customers To Quit?

Formerly known as "clearance."
Scott Olson Getty Images

Originally published on Fri March 8, 2013 11:27 am

Last year, J.C. Penney saw what every big retailer had been seeing for years: the threat of Amazon and other new competitors rising to destroy their business.

So J.C. Penney brought in a bold new CEO. Ron Johnson had already created Apple Store, a chain of physical stores where people flocked to shop. Before that, he had revamped Target.

And Johnson had a plan for J.C. Penney: Tell customers they don't have to spend time anymore clipping coupons or waiting for sales to happen. Instead, the store would offer fair prices on its merchandise every day.

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Business
1:59 am
Fri March 1, 2013

Stay-At-Home Workers Defend Choice After Yahoo Ban

Originally published on Fri March 1, 2013 12:51 pm

Yahoo's sweeping edict against telecommuting has been felt as a personal attack by some of the two-thirds of Americans who regularly work from home.

Lawyer Shannan Higgins of Washington, D.C., finds one line of the company memo outlining the policy change particularly offensive: "Speed and quality are often sacrificed when we work from home."

For nearly a decade, Higgins has worked one day a week from the basement office in her rowhouse, where she takes pride in her work and is obsessed with efficiency.

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The Two-Way
5:32 pm
Thu February 28, 2013

Two For One: Groupon Replaces CEO Mason With Board Members

Andrew Mason, a co-founder of Groupon, has been ousted by the company's board, one day after a disappointing earnings report. Here, he's seen at a 2012 conference in Germany.
Johannes Simon Getty Images

Originally published on Fri March 1, 2013 5:48 am

Hear Laura Sydell's report for Morning Edition by clicking the audio link.

Groupon co-founder Andrew Mason has been fired as the daily-deal company's CEO, one day after Groupon posted financial results that showed it lost $67.4 million during 2012. Board chairmen Eric Lefkofsky and Ted Leonsis will jointly fill the CEO post on an interim basis.

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Business
5:01 pm
Thu February 28, 2013

Texas Study Points To A Longer Natural Gas Boom

A natural gas drilling rig just east of downtown Fort Worth, Texas. A new decade-long study finds the region's Barnett Shale formation has sufficient gas reserves to last another 25 years.
David Kent MCT/Landov/Fort Worth Star Telegram

Originally published on Thu February 28, 2013 5:59 pm

There are few things in life more joyful than discovering a giant oil or natural gas field in Texas. You're suddenly rich beyond your wildest dreams. When the scope and size of the natural gas reservoir in the Barnett Shale in North Texas first became apparent, there were predictions that the find would last 100 years.

Well, that was over the top. But University of Texas geology professor Scott Tinker, who designed and authored a new study of the Barnett Shale, says there's still a lot of gas down there, even after a decade of drilling.

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The Two-Way
4:33 pm
Thu February 28, 2013

The Pope Emeritus' New Shoes And The Mexican Man Who Makes Them

Armando Martin Dueñas shows replicas of the hand-crafted loafers given to Pope Benedict XVI.
Alfredo Valadez AP

Originally published on Fri March 1, 2013 7:42 am

As Pope Benedict XVI left the Vatican and his papacy, he slipped out of his trademark red shoes and put on a pair of Mexican leather loafers. The shoes, actually three pairs, two burgundy and one brown, were a gift to the Pope during his trip last year to Mexico.

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School Flexibility
4:22 pm
Thu February 28, 2013

Alabama School Flexibility Bill Divided By Tenure

The Alabama House and Senate remain divided on school flexibility bill.
Credit Jay Williams / Flickr

The Alabama House and Senate are divided over whether a school flexibility bill should include flexibility with teacher tenure laws.


The House passed a bill Feb. 14 to allow city and county school systems to have flexibility in complying with state education laws, including tenure. The Senate rewrote the bill Thursday to exclude tenure. The House refused to go along with the Senate's changes and sent the bill to a six-member conference committee to try working out the differences.

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Around the Nation
1:29 pm
Thu February 28, 2013

After The Spill: The Environment And Economy Of The Gulf

Originally published on Thu February 28, 2013 1:30 pm

Transcript

NEAL CONAN, HOST:

This is TALK OF THE NATION. I'm Neal Conan in Washington. This week the federal government and Gulf Coast states took BP and its contractors to court seeking billions in civil damages for the disaster that began almost three years ago now, with the explosion of the Deepwater Horizon oil rig. Some call it the trial of the century.

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Around the Nation
1:17 pm
Thu February 28, 2013

On Heels Of Sequestration, The Business Of Spending Cuts

Originally published on Thu February 28, 2013 3:56 pm

Transcript

NEAL CONAN, HOST:

This is TALK OF THE NATION. I'm Neal Conan in Washington. The metaphors become unbearably trite: the debt ceiling; the fiscal cliff and now the meat cleaver of the sequestration. Details are important, we'll get to those in a moment, but underlying the repeated rounds of budgetary crisis, lies a deeper political paralysis.

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It's All Politics
12:57 pm
Thu February 28, 2013

Federal Gay Marriage Ban Hurts The Bottom Line, Businesses Argue

Starbucks is among the companies urging the Supreme Court to strike down the federal government's ban on recognizing same-sex marriages.
Karen Bleier AFP/Getty Images

Originally published on Thu February 28, 2013 2:13 pm

After years of legal wrangling, the Defense of Marriage Act — the law that prevents the federal government from recognizing marriage as anything but a "legal union between one man and one woman" — comes before the Supreme Court next month.

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The Two-Way
12:05 pm
Thu February 28, 2013

Chrysler Plans To Add 1,250 Jobs, Invest $374 Million In Indiana

Chrysler's 2014 Jeep Grand Cherokee.
Mandi Wright/Detroit Free Press MCT /Landov

There's major business news in Indiana today:

"Chrysler will hire 1,250 new workers and spend $374 million to upgrade transmission plants in central Indiana — the only place in North America where the automaker makes transmissions," the Detroit Free Press reports from Kokomo.

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The Two-Way
11:38 am
Thu February 28, 2013

China Accuses U.S. Of Hacking Military Sites

Originally published on Thu February 28, 2013 12:33 pm

China's answer to accusations of cyber-espionage against the U.S.? The Americans are doing it to us, too.

Barely a week after a report from security firm Mandiant that an arm of the People's Liberation Army was behind the theft of "hundreds of terabytes" of data from U.S. companies, China's Defense Ministry said Thursday that U.S. hackers were penetrating Chinese military websites.

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Europe
11:19 am
Thu February 28, 2013

U.S. Boss Offers Blunt Critique; French Workers Give Fiery Response

French workers burn tires outside the Goodyear tire factory in Amiens, France, on Tuesday, after Titan CEO Maurice Taylor criticized French workers in a letter addressed to Industrial Renewal Minister Arnaud Montebourg.
Eleanor Beardsley NPR

Originally published on Fri March 1, 2013 7:01 pm

The battle between an American capitalist and a French socialist official has prompted chuckles — and heated debate — on both sides of the Atlantic. The exchange highlights some humorous stereotypes and reveals real differences between the economic cultures of France and the United States.

A leaked letter from Maurice Taylor, CEO of the Illinois-based Titan tire company, ignited the controversy. In it, Taylor, regarded by the French as a hardcore capitalist, addressed Arnaud Montebourg, France's flamboyant, leftist industrial renewal minister.

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