Business

Business
9:32 am
Thu June 5, 2014

GM Review Found 'History Of Failures' In Ignition Switch Debacle, CEO Says

General Motors Chief Executive Officer Mary Barra (center), Executive Vice President Mark Reuss (right) and President Dan Ammann discuss a review of the company's handling of a recall for a deadly ignition switch problem.
Bill Pugliano Getty Images

Originally published on Thu June 5, 2014 12:05 pm

An internal inquiry into the long-delayed ignition switch recall by General Motors found an 11-year "history of failures," CEO Mary Barra says. She announced the findings of an investigation into how the company handled a deadly defect with ignition switches at a Thursday morning news conference. (updated at 12:04 p.m.: added link to full report).

Read more
Business
3:35 am
Wed May 28, 2014

After Private Pilots Complain, Customs Rethinks Intercept Policy

Tom and Bonnie Lewis were stopped on a trip from Texas to New Hampshire because they were flying along a known drug air route.
John Burnett NPR

Originally published on Wed May 28, 2014 12:57 pm

Federal border security agents have sharply reduced intercepts of general aviation aircraft, following complaints by pilots that excessive police action at small airports is restricting the freedom to fly.

An official with U.S. Customs and Border Protection's Office of Air and Marine Operations told NPR his agency has heard pilots' grievances and the program is being altered so as not to needlessly affront law-abiding pilots.

In recent years, more and more pilots have reported their aircraft stopped for warrantless searches by aggressive officers.

Read more
Business
3:33 am
Wed May 28, 2014

Industrial Hemp Could Take Root, If Legal Seeds Weren't So Scarce

The hemp seedlings in Ben Holmes' warehouse in Lafayette, Colo., will be ready for harvest in about 50 days. Holmes says that during the peak growing season, the little sprouts can shoot up several inches each day.
Luke Runyon KUNC/Harvest Public Media

Originally published on Wed May 28, 2014 12:57 pm

The most recent farm bill is allowing a handful of farmers across the country to put hemp, the nonpsychoactive cousin of marijuana, in the ground.

The bill allows small-scale experimentation with the plant. But despite the new law, many farmers say they're getting mixed messages from the federal government.

Read more
Business
6:45 pm
Thu May 22, 2014

McDonald's CEO Says Fast-Food Jobs Can Lead To 'Real Careers'

Hundreds of workers, organizers and supporters gather outside McDonald's Corp. on Thursday, in Oak Brook, Ill., calling for $15 an hour and the right to unionize.
M. Spencer Green AP

Originally published on Thu May 22, 2014 7:16 pm

As hundreds of protesters loudly demanded higher wages outside McDonald's headquarters in suburban Chicago, the company's CEO told an audience inside that the fast-food giant has a heritage of providing opportunities that lead to "real careers."

"We believe we pay fair and competitive wages," Donald Thompson said at the company's annual meeting on Thursday.

Read more
Business
9:33 am
Tue May 20, 2014

Free Your Mind of Clutter

We learn from life as we live it.  This month Joe shares with us some important life tactics that he learned from a friend who recently passed away.  The lessons all have to do with keeping our minds alert and learning from our mistakes.  We must free our lives of clutter by getting things done.  The best way to achieving a freer lifestyle is the Nike motto, "Just Do It." Take a look at this thoughtful video and see if the advice fits your lifestyle.

Business
10:11 am
Fri May 9, 2014

What's Your Major? 4 Decades Of College Degrees, In 1 Graph

Quoctrung Bui/NPR

Originally published on Fri May 9, 2014 10:28 am

In honor of college graduation season, we made a graph. It answers a few questions we had: What is the mix of bachelor's degrees awarded today, and how has the mix changed over the past several decades?

Hover over the graph to see how the popularity of each category changes over time. Click or tap to see a category individually.

A few notes:

Read more
Business
11:48 am
Mon May 5, 2014

Most Americans Make It To The Top 20 Percent (At Least For A While)

promo
Quoctrung Bui/NPR

Originally published on Mon May 5, 2014 3:07 pm

We often talk about income as if it's this fixed thing. Those people over there are the 1 percent. These over here live in poverty. That other group is the people in the top 20 percent. That's not the way it is.

While economic mobility hasn't increased in this country over the past few decades, there is still churn. Lots of people move up and down the income ladder over the course of a career.

Read more
Business
9:09 am
Fri May 2, 2014

Unemployment Drops To 6.3 Percent, Lowest In 5 Years

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

Originally published on Fri May 2, 2014 12:06 pm

This post has been updated.

The nation's economy added a robust 288,000 jobs in April, far more than forecast, and the unemployment rate fell to 6.3 percent, its lowest level in five years, according to the Labor Department.

The rate, which is the lowest since September 2008, was down from 6.7 percent in March.

Read more
Business
4:59 pm
Sun April 13, 2014

Outdated Tax Code Gives Some Working Spouses A Bad Deal

The U.S. tax code, which dates back to the days of Ozzie and Harriet, works against dual-income spouses. In some cases, it's cheaper for one spouse to stay home.
Sherry Yates iStockphoto.com

Originally published on Mon April 14, 2014 10:07 am

Women today are nearly half the workforce, and two-income couples are the norm. But the U.S. tax code? It's straight out of Ozzie and Harriet.

When it comes to paying taxes, economists say, a lot of secondary wage-earners are getting a raw deal. It's called the marriage penalty.

"The system was never designed to penalize working spouses," says Melissa Kearney, director of the Hamilton Project at The Brookings Institution. "It was just designed in a different era."

Read more
Business
8:49 am
Thu March 13, 2014

Overtime Pay Proposal Triggers A New Debate About Wages

Economists are divided about the White House plan to boost overtime pay for workers.
Doug Finger Gainesville Sun/Landov

Originally published on Thu March 13, 2014 2:56 pm

On Thursday, President Obama rolled out his plan for strengthening overtime pay protections for millions of workers. In his view, if more workers got fatter paychecks, they could spend more and stimulate the economy.

But if his critics are right, then employers would end up laying off workers to make up for the higher wage costs. And that would hurt the already painfully slow recovery.

Which scenario is right?

Read more
Business
6:00 pm
Mon March 10, 2014

Colorado Collected $2.1 Million In January Taxes On Recreational Pot

Marijuana is stored in bins for trimming and packaging in preparation to be sold retail at 3D Cannabis Center, in Denver.
Brennan Linsley AP

Originally published on Mon March 10, 2014 6:38 pm

For the first time since it legalized recreational marijuana, Colorado is releasing revenue figures: The state made $3.5 million in taxes and fees in January.

As KUSA-TV reports, $2.1 million of that came from the sale of recreational pot and $1.4 million came from medical marijuana.

KUSA adds:

Read more
Financial Perspectives
12:41 pm
Fri March 7, 2014

A Lesson in Being Patient

Chornyak & Associates

Joe Chornyak uses a recent personal experience with being patient to illustrate a basic financial investment strategy.  Markets today are volatile and more than likely always will be, but being patient and riding through the storm will always pay off in the long run.  After the 2008 economic downturn markets eventually rebounded and hit record highs.  Every market correction is different, and patience eventually pays off.

Business
7:06 am
Tue February 25, 2014

Bitcoin Exchange Mt. Gox Goes Dark After Theft Report

Kolin Burges, a self-styled cryptocurrency trader and former software engineer, was among a small number of protesters outside the Tokyo offices of bitcoin exchange Mt. Gox on Tuesday.
Toru Hanai Reuters/Landov

Originally published on Wed March 5, 2014 4:10 pm

"The website of major bitcoin exchange Mt. Gox was offline Tuesday amid reports it suffered a debilitating theft, a new setback for efforts to gain legitimacy for the virtual currency," The Associated Press reports.

Also Tuesday, all the posts had been erased from the Mt. Gox Twitter account.

Read more
Business
10:24 am
Mon February 24, 2014

Making The Coffee Shop Your Office, Without The Guilt

iStockphoto

Originally published on Sat February 22, 2014 7:18 pm

The online magazine Ozy covers people, places and trends on the horizon. Co-founder Carlos Watson joins All Things Considered regularly to tell us about the site's latest feature stories.

This week, Watson talks with host Arun Rath about pay-as-you-go coffee shops popping up around the world that offer a place to work "without any kind of moral shame" or pressure to spend money on coffee and snacks.

They also discuss how the rise of the bioscience sector in Cleveland is revitalizing the city's economy.

Read more
Business
10:23 am
Mon February 24, 2014

Moviefone To Go Silent, App Will Continue

Originally published on Mon February 24, 2014 7:34 am

Transcript

RENEE MONTAGNE, HOST:

NR business news starts with good-bye movie phone.

(SOUNDBITE OF MUSIC)

Business
9:45 am
Fri February 21, 2014

Apple's Steve Jobs To Be Featured On U.S. Postage Stamp

Apple founder Steve Jobs, who died in 2011, is slated to be featured on a U.S. postage stamp next year.
Terry Schmitt UPI/Landov

Originally published on Fri February 21, 2014 10:04 am

Apple founder Steve Jobs, a man who probably did as much as anyone to set in motion the slow but steady demise of snail mail, will be featured on a U.S. postage stamp, according to a document from the Citizens' Stamp Advisory Committee.

Read more
Business
3:32 am
Fri February 21, 2014

Duke: $60,000 A Year For College Is Actually A Discount

Students attend graduation ceremonies at the University of Alabama in Tuscaloosa, Ala. Two-thirds of college students now graduate with debt, owing an average amount of $24,000.
Butch Dill AP

Originally published on Fri February 21, 2014 10:36 am

In 1984, it cost $10,000 a year to go to Duke University. Today, it's $60,000 a year. "It's staggering," says Duke freshman Max Duncan, "especially considering that's for four years."

But according to Jim Roberts, executive vice provost at Duke, that's actually a discount. "We're investing on average about $90,000 in the education of each student," he says. Roberts is not alone in making the claim. In fact, it's one most elite research institutions point to when asked about rising tuition.

Read more
Business
11:48 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 10:05 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.

Read more
Business
6:45 am
Thu February 13, 2014

Will Comcast Get Federal OK To Buy Time Warner?

Gene J. Puskar AP

Originally published on Thu February 13, 2014 10:44 am

(We put a new top on this story at 9:25 a.m. ET and added an update at 10:15 a.m. ET.)

As NPR's David Folkenflik pointed out earlier today, Comcast's proposed $45 billion purchase of fellow cable company Time Warner will receive some scrutiny from federal officials. Here's some more about that part of the story:

Politico writes that:

Read more

Pages