Business

7:12am

Thu March 13, 2014
Code Switch

Why For-Profit Prisons House More Inmates Of Color

Originally published on Tue March 18, 2014 10:03 am

An inmate walks through the yard at the North Central Correctional Institution in Marion, Ohio, which recently switched to private management.
Ty Wright Bloomberg via Getty Images

A new study by a UC-Berkeley graduate student has surprised a number of experts in the criminology field. Its main finding: Private prisons are packed with young people of color.

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5:27am

Thu March 13, 2014
Business

Number Of Calif. Homes In Foreclosure Process Soars

Originally published on Thu March 13, 2014 7:44 am

Transcript

RENEE MONTAGNE, HOST:

And there's some good news for the nation's housing market. Numbers are out today and national foreclosure filings in February were the lowest they've been since 2006. That means on a national level, lenders repossessed fewer homes and fewer homeowners got in mortgage trouble. That's not the case though, here in California.

As NPR's Nathan Rott reports, the number of homes just entering the foreclosure process here is way up.

NATHAN ROTT, BYLINE: Berlinda Phommalayvane has a story that isn't uncommon in Southern California.

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5:23am

Thu March 13, 2014
Business

FTC Launches Civil Probe Into Herbalife

Originally published on Thu March 13, 2014 7:44 am

The nutrition supplement company has been under attack by billionaire investor William Ackman, who's been pressing regulators to look into the way Herbalife operates.

3:37am

Thu March 13, 2014
Parallels

Hitching A Ride On The World's Biggest Cargo Ship

Originally published on Thu March 13, 2014 10:17 am

NPR's Jackie Northam on the Maersk McKinney Moller, a new container megaship that can carry about double what many other big cargo ships can carry. It's 20 stories high and four football fields long.
Jackie Northam NPR

I started my journey at the famed Gdansk Shipyard, home of Poland's solidarity movement in the 1980s. It was nearly midnight when I arrived and saw for the first time the Maersk McKinney Moller, the world's largest container ship.

I simply wasn't prepared for just how massive it is. The whole ship really can't be taken in, even standing at a distance, so I gave my neck a good stretch by scanning this behemoth end to end, and up and down.

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4:59pm

Wed March 12, 2014
Business

Health Care Law Helps Entrepreneurs Quit Their Day Jobs

Originally published on Thu March 13, 2014 6:37 am

The Affordable Care Act could encourage people to start new businesses by solving an age-old problem: job lock.
iStockphoto.com

The Affordable Care Act — which many see creating challenges for businesses — could benefit a particular group of business people: entrepreneurs.

Joshua Simonson was reluctant to give up his job at a Portland, Ore., area grocery store, New Seasons Market, which he says had provided excellent health care for him and his family. He had a pre-existing condition that has prevented him from getting insurance in the private market, but one key development helped convince him to quit and start a farm.

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4:21pm

Wed March 12, 2014
Around the Nation

Government's Empty Buildings Are Costing Taxpayers Billions

Originally published on Thu March 13, 2014 12:07 pm

A 132-year-old building owned by the federal government, just six blocks from the White House, has been sitting empty for three decades.
Laura Sullivan NPR

On a street corner in downtown Washington, D.C., David Wise is opening a century-old iron gate in front of an old, boarded-up brick building.

Wise is an investigator for the Government Accountability Office, the government's watchdog group. His mission is to figure out why the government owns so many buildings, like this one, that it doesn't use.

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4:21pm

Wed March 12, 2014
News

FTC Investigates Herbalife, Following Claims It's A Pyramid Scheme

Originally published on Wed March 12, 2014 8:14 pm

Herbalife shares dropped on news the Federal Trade Commission is investigating the company. After shorting Herbalife's stock, hedge fund manager Bill Ackman's been lobbying politicians to investigate.

4:21pm

Wed March 12, 2014
News

President Obama Moves To Expand Overtime Pay

Originally published on Wed March 12, 2014 8:14 pm

Transcript

ROBERT SIEGEL, HOST:

From NPR News, this is ALL THINGS CONSIDERED. I'm Robert Siegel.

MELISSA BLOCK, HOST:

And I'm Melissa Block. President Obama is taking another step to raise the wages of workers and he plans to do it without getting Congress involved. The White House says tomorrow Obama will direct the Labor Department to change the rules for businesses on overtime pay. The change could mean that millions of private sector workers currently classified as management could eventually qualify for overtime.

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3:46pm

Wed March 12, 2014
The Two-Way

FTC Launches Civil Probe Into Herbalife Ltd.

Susan Goldman AP

Herbalife revealed on Wednesday that the Federal Trade Commission has opened a civil investigation into the practices of the nutrition company, which sells weight-loss shakes, vitamins and other products.

Moments after Herbalife made the announcement, its stock price plunged. At 1:51 p.m., it had lost 12 percent of its value.

Bloomberg explains that hedge fund manager Bill Ackman accused the company of running a pyramid scheme. Bloomberg adds:

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3:25pm

Wed March 12, 2014
Around the Nation

Juggling Work And Motherhood On A Shoestring Budget

Originally published on Wed March 12, 2014 10:06 pm

Katrina Gilbert, a single mother raising Brooklynn, Trent and Lydia, says she got involved with an HBO documentary to inspire others.
Barbara Kinney/Courtesy of HBO

There are more than 4 million American families living under the poverty line today that are led by a single mother. Katrina Gilbert is one of those moms.

Gilbert is a certified nursing assistant in Tennessee. To support her three children, she sometimes works seven days a week at a nursing home. But at $10 an hour, her paycheck doesn't go very far.

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