Business & Education

The Two-Way
9:52 am
Thu February 20, 2014

Nebraska To Appeal Ruling That Blocks Keystone Pipeline In State

TransCanada President and CEO Russ Girling comments on the approval of the Keystone XL pipeline route through Nebraska during a January 2013 news conference in Calgary, Alberta.
Todd Korol Reuters/Landov

Originally published on Thu February 20, 2014 10:43 am

The company in charge of the Keystone XL extension said Thursday that it is considering its next move now that a Nebraska judge has struck down a law that allowed the pipeline to be routed through that state.

"We are disappointed and disagree with the decision of the Nebraska district court and will now analyze the judgment and decide what next steps may be taken," TransCanada Corp. said in a statement. "Nebraska's attorney general has filed an appeal."

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The Two-Way
8:06 am
Thu February 20, 2014

Dip In Weekly Jobless Claims Seen As Sign Of Better Times Ahead

As the weather warms, will more signs such as this pop up? Economists say the latest data on claims for unemployment benefits may signal that better times are ahead.
Eric Gay AP

Originally published on Thu February 20, 2014 9:37 am

There were only 3,000 fewer first-time claims filed for jobless benefits last week, but the slight decline is being seen as another sign that the nation's labor market will gain some strength once spring arrives.

The Employment and Training Administration said Thursday that 336,000 applications were submitted last week, versus 339,000 the week before.

That means the pace of claims is still running about where it's been since late 2011.

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Business
5:10 am
Thu February 20, 2014

Facebook To Buy WhatsApp Message Service

Originally published on Thu February 20, 2014 9:56 am

Facebook is buying an instant messaging service called WhatsApp for an eye-popping $19 billion. It's the latest salvo in an arms race by Silicon Valley giants to stockpile mobile technology.

Business
4:35 am
Thu February 20, 2014

U.S. Government To Back Loans For Nuclear Power

Originally published on Thu February 20, 2014 6:38 am

Transcript

STEVE INSKEEP, HOST:

The first nuclear reactors to be built in decades are getting a helping hand from the government. Today, Secretary of Energy Ernest Moniz is in Georgia to mark billions in assistance towards the construction of two new nuclear units in the state.

NPR's Geoff Brumfiel reports that building reactors is still an expensive proposition.

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Business
4:34 am
Thu February 20, 2014

FCC To Propose New Rules On Internet Neutrality

Originally published on Thu February 20, 2014 6:38 am

Transcript

RENEE MONTAGNE, HOST:

The Federal Communications Commission tried to craft rules aimed at preserving Open Internet. Then last month, a federal appeals court struck down those rules. The FCC announced yesterday that it would not appeal the ruling, instead it will try to come up with a new set of rules.

NPR's Joel Rose reports.

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Business
4:33 am
Thu February 20, 2014

Nebraska Court Ruling Further Complicates Keystone XL Pipeline

Originally published on Thu February 20, 2014 6:38 am

Transcript

STEVE INSKEEP, HOST:

NPR business news starts with a clogged pipeline.

(SOUNDBITE OF MUSIC)

INSKEEP: Clogged pipeline project, that is. The judge's ruling in Nebraska makes further delay completion of the Keystone XL pipeline. The decision immediately prompted an appeal.

Fred Knapp of NET News reports.

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Environment
2:45 am
Thu February 20, 2014

Toxic Leak Taints North Carolina Coal Plants, And Regulators

North Carolina's Dan River was polluted with toxic coal ash that leaked from a coal plant earlier this month. The spill is under investigation.
Gerry Broome AP

Originally published on Fri February 21, 2014 8:29 am

A broken pipe funneled 30,000 tons of toxic coal ash into the Dan River in North Carolina earlier this month, turning it gray. The pipe has been plugged, but the spill has reignited a fight over storage of coal ash, and scrutiny of the state regulators responsible for monitoring it.

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Planet Money
2:43 am
Thu February 20, 2014

What It Was Like To Be A Wall Street Recruit After The Bailouts

John Angelillo UPI/Landov

Originally published on Thu February 20, 2014 9:05 am

Back in 2012, reporter Kevin Roose went undercover at a very exclusive party.

It was a dinner for a secret society, held once a year, at the St. Regis hotel in New York City. The secret society is called Kappa Beta Phi, and it's made up of current and former Wall Street executives — people like Michael Bloomberg, former heads of Lehman Brothers, Bear Stearns, Goldman Sachs. And every year the group holds a dinner to induct new people into the group — they're called neophytes.

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Parallels
2:42 am
Thu February 20, 2014

Why More Americans Are Renouncing U.S. Citizenship

A case against the Swiss bank UBS in 2008 led Congress to create more regulations for foreign banks holding American money. Rather than comply, many banks opted to stop serving American account-holders.
Fabrice Coffrini AFP/Getty Images

Originally published on Thu February 20, 2014 7:32 am

A few times a year, the Treasury Department publishes a long list of names announcing all of the Americans who have lately abandoned their U.S. citizenship.

According to the legal website International Tax Blog, the number hovered around 500 a decade ago. Last year, it hit a record high of nearly 3,000.

This was not a gradual change. It was a sudden spike. It's a story of dominoes falling, one after another, leading to an unexpected outcome.

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The Two-Way
6:01 pm
Wed February 19, 2014

Facebook Will Buy WhatsApp Message Service For $19 Billion

Seeking new ways to be a player in mobile messaging, Facebook announced today that it will acquire the fast-growing WhatsApp firm for some $16 billion in cash and stock. The deal includes an additional $3 billion in Facebook stock for the employees of WhatsApp, who would see the shares vest over four years.

This is the second headline-grabbing acquisition by Facebook, following the $1 billion deal for Instagram that was announced in the spring of 2012. The new deal calls for Facebook to pay $4 billion in cash, along with around $12 billion in stock.

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The Two-Way
4:46 pm
Wed February 19, 2014

U.S. Government Will Back Loans For Nuclear Power

The containment vessel for a new nuclear reactor at the Vogtle nuclear power plant under construction near Augusta, Ga., in December 2012.
John Bazemore AP

Originally published on Thu February 20, 2014 5:05 am

Energy Secretary Ernest Moniz announced a multibillion-dollar loan guarantee Wednesday for building nuclear reactors in Georgia, underscoring the White House's plan for an "all of the above" energy strategy.

The two reactors will be the first built in this country in nearly three decades.

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The Salt
3:52 pm
Wed February 19, 2014

Americans Want Antibiotic-Free Chicken, And The Industry Is Listening

Do these chickens look medicated?
iStockphoto

Originally published on Thu February 20, 2014 6:34 am

In an age when consumers want transparency in how their food is produced, meat producers are under the microscope.

And the meat industry is responding: Antibiotic-free chicken is showing up everywhere you look.

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Planet Money
3:52 pm
Wed February 19, 2014

Spirit Airlines Taps A Nation Of Hate Fliers

Joe Raedle Getty Images

Originally published on Thu February 20, 2014 12:29 am

Spirit Airlines is one of the fastest-growing airlines in America. Last week, we flew Spirit from New York to Fort Lauderdale for $68.99 each. Cheap!

But that doesn't count fees. We paid $30 extra to pick our seats ahead of time. Once you're on the plane, a bottle of water costs $3. Even putting a bag in the overhead bin costs money on Spirit.

Somewhere between New York and Florida, the guy sitting across the aisle from us leaned over and said, "This sucks."

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The Record
3:21 pm
Wed February 19, 2014

Computer Love: Beats Music Wants To Be Your Everything

Beats Music

I have a new streaming music service in my life. Let's call him Beatsy. It's an open relationship — I'm still accessing other music streams, and Beatsy's positively promiscuous, winning the hearts of the music press and thousands of trial subscribers. But I don't mind. When I'm with Beatsy I feel special. Yes, he is a computer program — the world knows him as Beats Music, just one of many services that make it possible for me to listen to music stored in its cloud library via my phone or computer.

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All Tech Considered
2:30 pm
Wed February 19, 2014

The Allure Of Anonymous Confessional Apps 'Secret' And 'Whisper'

iStockphoto

Originally published on Thu February 20, 2014 10:58 am

"I'm worth 83.7 million dollars and bored out of my mind."

"My friend who is a banker just told me he's working on Dropbox's IPO...oooh."

"The drug use in Silicon Valley is outrageous. So are the inflated egos. It's like LA for smart, ugly people."

Declarations like these — some plaintive, some fueled by professional frustration and some just plain gossipy — tumble forth anonymously on the new app Secret, and because many of them seem to be coming from within the booming tech industry, the app has built early buzz.

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