Business

Money Coach
11:57 am
Tue February 11, 2014

How Not To Get Swept Off Your Feet By A Sweetheart Scam

Originally published on Tue February 11, 2014 1:38 pm

Transcript

MICHEL MARTIN, HOST:

I'm Michel Martin and this is TELL ME MORE from NPR News. Now to matters of personal finance as we get close to Valentine's Day, which is Friday. And don't say I didn't remind you. Romance is in the air, and you might be looking for ways to touch your beloved's heart. But some scammers are thinking about ways to touch your wallet.

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The Two-Way
9:07 am
Tue February 11, 2014

No Change In Fed Policy, Yellen Signals

Fed Chair Janet Yellen.
Jacquelyn Martin AP

Since every word that the head of the Federal Reserve utters is closely watched by those in the financial markets, it's worth noting that in her first appearance before Congress since being confirmed Fed Chair Janet Yellen plans to say Tuesday that:

"I expect a great deal of continuity in the FOMC's approach to monetary policy."

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Politics
4:58 am
Tue February 11, 2014

House Has 6 Working Days Left To Raise Debt Ceiling

Originally published on Tue February 11, 2014 1:28 pm

Transcript

RENEE MONTAGNE, HOST:

The U.S. Treasury is now in its fourth day of resorting to what it calls extraordinary measures to ensure all the nation's bills get paid. Officials estimate they can keep doing that for only 16 more days without risking a default on the debt. But the House of Representatives has only six working days left to raise the debt ceiling, and this morning, House Republicans were back behind closed doors, gauging support for a plan to do that. NPR's David Welna as at the capital, and he joins us know with the latest.

Good morning.

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Business
4:55 am
Tue February 11, 2014

AOL Reverses Changes To Retirement Contribution

Originally published on Tue February 11, 2014 1:28 pm

Transcript

STEVE INSKEEP, HOST:

AOL drew much criticism after it fumbled the rollout of changes to its employee retirement plan last week. The protests grew so loud the company had to reverse itself, and the CEO issued an apology.

From member station WNYC, Ilya Marritz reports.

ILYA MARRITZ, BYLINE: AOL got in trouble, not so much for the changes it tried to make, but for its explanation for why those changes were necessary.

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Economy
12:05 pm
Mon February 10, 2014

Worker Productivity Is Up, But Are Employers Sharing The Wealth?

Originally published on Mon February 10, 2014 2:06 pm

Transcript

MICHEL MARTIN, HOST:

This is TELL ME MORE from NPR News. I'm Michel Martin. We'd like to start the program today by talking about Friday's jobs report which was once again disappointing. The report also shared bad news for people who are working that wages remain stagnant.

There was good news, though, for employers. Worker productivity has gone up. We wanted to talk more about what productivity means and what this whole issue means for the economy, so we've called once again on NPR's senior business editor Marilyn Geewax. Welcome back, Marilyn.

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Business
5:30 am
Mon February 10, 2014

Chinese Tech Giant Lenovo Extends Its Reach In U.S.

Originally published on Mon February 10, 2014 7:45 am

In January, Lenovo struck deals with two American companies. In a span of one week, the company spent roughly $5 billion to purchase both IBM's low-end server business and Google's Motorola mobile phone business. The moves help establish Lenovo as a global player.

Politics
5:18 am
Mon February 10, 2014

Does Congress Have Enough Political Will To Reduce The Debt?

Originally published on Tue February 11, 2014 10:24 am

Transcript

RENEE MONTAGNE, HOST:

When Congress reached a bipartisan budget deal last December, there was much fanfare about the compromises made by both parties. And immediately afterwards, lawmakers on both sides of the aisle began working to reverse one of the spending cuts - a small reduction in military pensions. One plan to restore those pensions is up for a vote today in the Senate. As NPR's Ailsa Chang reports, resistance against the small cut is calling into question whether Congress has the political will to reduce the long-term debt.

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Around the Nation
3:54 pm
Sun February 9, 2014

Prospectors See A Golden Lining In California's Drought

A man looks for gold in Woods Creek in Jamestown, Calif., in 2011.
David Paul Morris Getty Images

Originally published on Sun February 9, 2014 6:33 pm

Wayne Warren shakes wet dirt out of a plastic bucket and into a metal chute, tossing aside bigger rocks. For him, California's drought is golden.

Yes, golden. Warren is knee-deep in the San Gabriel River, an hour outside of Los Angeles. That chute next to him is a sluice box. The water washes away the dirt in a muddy cloud, and he leans over the box. Out of the creek, he taps his findings into a green, plastic gold pan and gives it a few swirls. What's left ...

"Sure is pretty in the sun, huh?" he says.

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Parallels
5:45 am
Sun February 9, 2014

Turning A Million Cubic Yards Of Post-Typhoon Trash Into Jobs

Locals working for a UNDP cash-for-work program clear debris in one of the neighborhoods worst affected by the typhoon that hit Tacloban, Philippines, last November. Tim Walsh runs the program, which he hopes will help keep the local economy going.
RV Mitra/UNDP Flickr

Originally published on Sun February 9, 2014 11:44 am

In an open dump, in a village outside of Tacloban in the central Philippines, we're sloshing through rainwater and leachate — that's the goo that comes out of rotting trash — while Tim Walsh surveys the site.

"Just walk on the dry bit," he says. "I've got used to the smell over the years and you get immune to it. But for most people the smell of decaying rubbish is not really very pleasant."

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Around the Nation
9:44 am
Sat February 8, 2014

Millennials Happy To Stay With Mom And Dad

Originally published on Wed February 12, 2014 11:26 am

Transcript

SCOTT SIMON, HOST:

We wondered if some of the numbers in recent jobs reports might reflect a finding in a Department of Education study that came out in January about a group of high school students they began to study 12 years ago. That group of students is now pushing 30, and 23 percent are living with their parents. A Pew national study puts the percentage of that generation called millenials who live with their parents even higher.

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Economy
9:43 am
Sat February 8, 2014

January Job Growth Disappoints, But Unemployment Drops

Originally published on Sat February 8, 2014 12:05 pm

The U.S. added just 113,000 jobs in January, instead of the 180,000 analysts had predicted. Despite the anemic gains, the unemployment rate inched down to 6.6 percent, the lowest level since October 2008.

Economy
4:50 pm
Fri February 7, 2014

Job Growth Runs Cold In January

Originally published on Fri February 7, 2014 9:04 pm

Transcript

MELISSA BLOCK, HOST:

From NPR News, this is ALL THINGS CONSIDERED. I'm Melissa Block.

AUDIE CORNISH, HOST:

And I'm Audie Cornish. And we'll begin the hour with the latest snapshot of the American economy. Once again, the news is mostly disappointing. Employers added a scant 113,000 jobs to payrolls last month. That's the second straight month where hiring fell far below expectations. On the other hand, the unemployment rate fell slightly and a good number of people who've been out of work for a long time found jobs.

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Business
4:40 pm
Fri February 7, 2014

Disappointing Jobs Data May Point To A Tougher 2014

Job seekers sign in before meeting prospective employers during a career fair at a hotel in Dallas last month.
LM Otero AP

Originally published on Fri February 7, 2014 6:03 pm

Friday's unemployment report confirmed what many workers already had suspected: Five years after the job market plunged off a cliff, the climb back remains a tough slog.

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Law
12:07 pm
Fri February 7, 2014

Does Probation For Profit Criminalize Poverty?

Transcript

MICHEL MARTIN, HOST:

This is TELL ME MORE from NPR News. I'm Michel Martin. If you've ever been pulled over for speeding or a busted taillight, you know that what comes next can be annoying and expensive - a ticket, possibly a court date. Now if you can pay, you pay and you go on about your business. But what if you can't? Well, you could end up on probation, and that's what we want to talk about today. Across the country, probation services are being privatized meaning that for-profit companies are running them, and they can tack on all sorts of fees.

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The Two-Way
6:50 am
Fri February 7, 2014

Job Growth Less Than Expected, But Unemployment Hits 5-Year Low

Frederic J. Brown AFP/Getty Images

Originally published on Fri February 7, 2014 1:06 pm

Note: This post was updated several times after the jobs report was released at 8:30 a.m. ET.

The nation's unemployment rate slipped to 6.6 percent in January from 6.7 percent a month before, but employers added only 113,000 jobs to their payrolls last month, the Bureau of Labor Statistics reported Friday morning.

The jobless rate figure was expected. The job growth number, however, was well below the 185,000 that economists expected.

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Politics
5:05 am
Fri February 7, 2014

GOP Still Looking At Pieces Of Debt Limit 'Puzzle'

Originally published on Fri February 7, 2014 3:40 pm

Transcript

DAVID GREENE, HOST:

This is MORNING EDITION from NPR News. Good morning. I'm David Greene.

RENEE MONTAGNE, HOST:

And I'm Renee Montagne. Today at the stroke of noon in Washington D. C. the U.S. Treasury statutory authority to borrow money will expire.

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Economy
5:03 am
Fri February 7, 2014

January Unemployment Numbers Expected To Rebound

Originally published on Fri February 7, 2014 11:26 am

Transcript

DAVID GREENE, HOST:

On a Friday this is MORNING EDITION from NPR News. I'm David Greene.

RENEE MONTAGNE, HOST:

And I'm Renee Montagne. There's lots of anticipation about the government's monthly jobs report that will be released later this morning. Last month's job creation numbers were very disappointing - just 74,000 jobs added to the payroll - far below the recent monthly averages. NPR's John Ydstie joined us to talk about job creation and what it's telling us about the economy. Good morning.

JOHN YDSTIE, BYLINE: Hi, Renee.

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Business
4:58 am
Fri February 7, 2014

AOL Blames Obamacare For Changes To Retirement Benefits

Originally published on Fri February 7, 2014 11:26 am

Transcript

DAVID GREENE, HOST:

And let's hear now from the CEO who says Obamacare forced his hand when it comes to employee benefits. Tim Armstrong, the CEO of tech giant AOL, said the company had to change the way it matches the deposits employees make to their retirement accounts.

NPR's Richard Gonzales has more.

RICHARD GONZALES, BYLINE: Armstrong told CNBC that company costs due to Obamacare left him with a tough decision.

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Around the Nation
3:25 am
Fri February 7, 2014

Post Office Could Rack Up Billions By Offering Money Services

U.S. Postal Service clerks help customers at the Los Feliz Post Office in Los Angeles.
Kevork Djansezian Getty Images

Originally published on Fri February 7, 2014 11:26 am

As the U.S. Postal Service continues to lose money each year, a new report suggests a way to add to its bottom line: offer banklike services, such as a check cashing card that would allow holders to make purchases and pay bills online or even take out small loans. The idea is to provide services that are now unavailable in many communities.

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Business
4:59 pm
Thu February 6, 2014

Even As Dairy Industry Booms, There Are Fewer And Fewer Farms

Originally published on Thu February 6, 2014 7:55 pm

Transcript

MELISSA BLOCK, HOST:

On Friday, President Obama is scheduled to sign a new farm bill into law. It contains a provision that allows all dairy farms to be part of a safety net. The point is to offset risk when milk prices are too low or feed costs too high. But Abbie Fentress Swanson reports that even in good times, smaller dairy farms in traditional milk producing states are now giving up.

(SOUNDBITE OF COWS)

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Shots - Health News
2:59 pm
Thu February 6, 2014

Most Smokers Don't Buy Their Cigarettes At CVS

M. Spencer Green AP

Originally published on Thu February 6, 2014 5:31 pm

When CVS said it will stop selling cigarettes and tobacco products at its 7,600 pharmacies by October, President Obama hailed the company for setting a "powerful example."

The announcement Wednesday made us wonder — how many people actually buy their cigarettes from drugstores, anyway?

For answers, we turned to a 2012 survey of the retail tobacco market in the U.S. conducted by research firm Euromonitor International.

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The Two-Way
9:12 am
Thu February 6, 2014

GM Posts Disappointing Fourth-Quarter Earnings

The new 2015 GMC Canyon midsize truck was on display last month the 2014 North American International Auto Show in Detroit.
Bill Pugliano Getty Images

Originally published on Thu February 6, 2014 12:51 pm

General Motors posted a weaker-than-expected fourth-quarter profit on Thursday amid disappointing sales, especially outside the U.S.

Net income rose to $913 million, or 57 cents a share, from $892 million, or 54 cents a share, in the same quarter a year ago. Analysts polled by Thomson Reuters had expected 88 cents a share.

According to Reuters:

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The Two-Way
8:57 am
Thu February 6, 2014

Weekly Jobless Claims Dip; Will Unemployment Rate Do The Same?

The scene at a Hiring Our Heroes job fair for veterans last month in Washington, D.C.
Mark Wilson Getty Images

Originally published on Thu February 6, 2014 10:48 am

There were 331,000 first-time claims filed for unemployment insurance last week, down 20,000 from the week before, the Employment and Training Administration reports.

That's yet another report showing that claims remain in a range where they've been running since late 2011. What does that indicate? As we've said before:

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Economy
4:23 am
Thu February 6, 2014

Reining In Health Care Costs Key To Trimming Deficit

Originally published on Thu February 6, 2014 1:47 pm

The Congressional Budget Office earlier this week said this year's deficit is likely to be about one-third the size it was in 2009, when the Great Recession bottomed out. A recovering economy is the main reason for the deficit's improvement, but moderating health care costs have also contributed.

Harvard economist and health policy specialist David Cutler says getting the federal government's finances under control is all about health care.

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Business
3:22 am
Thu February 6, 2014

Amtrak Fights Big Oil For Use Of The Rails

Amtrak trains on the Empire Builder route, which stops in Williston, N.D., have been facing long delays.
Shannon Stapleton Reuters/Landov

Originally published on Thu February 6, 2014 12:03 pm

Oil business in North Dakota is creating some big headaches for Amtrak travelers. Trains on the popular Empire Builder route between Chicago and the Pacific Northwest are often delayed for hours.

One reason for the congestion is an influx of trains hauling crude oil across the Northern Plains.

The delays are becoming so bad that a passenger group now wants the U.S. transportation secretary to intervene.

Frozen Before Ice Fishing

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Politics
4:42 pm
Wed February 5, 2014

One Day After CBO Report, It's Time To Start Your Spin Cycle

Originally published on Wed February 5, 2014 10:23 pm

On Tuesday, economists with the Congressional Budget Office announced findings that indicated the new health care law may result in hundreds of thousands leaving the workforce. The findings spurred new debate on the merits of the law and its economic impact. NPR's Scott Horsley has more on the reactions to the report.

Business
3:38 pm
Wed February 5, 2014

Which Way For Stocks? Investors Watch 'Worry Index' For Clues

Traders work on the floor of the New York Stock Exchange on Tuesday afternoon.
Andrew Burton Getty Images

Originally published on Wed February 5, 2014 5:42 pm

Anyone who invests in the stock market knows share prices can go up — and down. That's why they call it a market.

Still, this year, price movements have been fast and furious — shocking investors and prompting many to fear "volatility."

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The Two-Way
8:53 am
Wed February 5, 2014

Employers Added 175,000 Jobs Last Month, Survey Signals

The scene last November at a jobs fair in New York City.
Andrew Burton Getty Images

Originally published on Wed February 5, 2014 12:00 pm

The first of two reports this week about how many jobs were added to U.S. payrolls in January indicates that growth was slow but solid.

The ADP National Employment Report estimates that there were 175,000 more jobs in the private sector last month than in December.

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Business
7:04 am
Wed February 5, 2014

Microsoft Picks Insider, Who's An Indian Immigrant, As CEO

Originally published on Wed February 5, 2014 1:08 pm

Microsoft's new CEO Satya Nadella is part of a wave of highly educated Indian immigrants who came to America a generation ago with expectations back home that they would succeed. Nadella has done just that and more, taking the reins of one of the world's top companies.

Law
6:12 pm
Tue February 4, 2014

Senate Steps Into The Data Breach Controversy

Originally published on Tue February 4, 2014 8:00 pm

Transcript

AUDIE CORNISH, HOST:

A top executive at the retail chain Target went to Capitol Hill today to try to explain the massive security breach that hit the company in December. Hackers stole personal information of tens of millions of Target customers during the holiday shopping season. The incident has underscored the increasing sophistication of cyber criminals and the vulnerability of big retailers. NPR's Jim Zarroli has more on the hearing.

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