Business

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.

Read more

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.

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:

Read more

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.

Read more

2:17pm

Wed March 12, 2014
The Salt

Water-To-Wine Machine Sound Too Good To Be True? It Is

Originally published on Thu March 13, 2014 4:01 pm

Philip James, Chairman of CustomVine, and Kevin Boyer, President and CEO of CustomVine, film a video to promote The Miracle Machine, which turns water into wine with the use of an app.
Courtesy of The Miracle Machine

Think a machine that can turn water into wine is too good to be true? Well, it turns out, it is.

Read more

2:11pm

Wed March 12, 2014
It's All Politics

Obama's Overtime Move Designed To Excite Base, Swing Voters

Originally published on Thu March 13, 2014 10:42 am

President Obama speaks about raising the minimum wage to $10.10 per hour during an event last week in New Britain, Conn. The effort to raise wages is seen as part of his State of the Union promise of a "year of action."
Stephan Savoia AP

President Obama's planned move to expand the pool of the nation's employees covered by overtime pay laws was hailed Wednesday by Democrats as key to their midterm election strategy.

And it was just as predictably criticized by conservatives as an overreach by a president who recently characterized income inequality as the "defining challenge of our time."

Read more

1:41pm

Wed March 12, 2014
All Tech Considered

SXSW: Tech Industry Inspires New Shows From HBO, AMC

Originally published on Fri March 14, 2014 10:41 am

Scoot McNairy (left) and Lee Pace star in AMC's upcoming show Halt and Catch Fire.
Tina Rowden AMC

Television show creators are peering into the geeky and moneyed world of computer programmers with a new comedy from HBO and a drama from AMC, both debuting this spring.

Read more

9:29am

Wed March 12, 2014
The Two-Way

Reports: Obama Will Move To Expand Overtime Pay

Originally published on Wed March 12, 2014 1:37 pm

Punching a time card: It's still one way of tracking hours worked. President Obama believes more workers need to be able to add overtime to their pay.
Armin Weigel dpa/Landov

The Obama administration's push to put income inequality atop the domestic political agenda has another battlefront.

According to The New York Times, the president "this week will seek to force American businesses to pay more overtime to millions of workers, the latest move by his administration to confront corporations that have had soaring profits even as wages have stagnated."

Read more

6:05am

Wed March 12, 2014
Economy

Study: Boys Report PTSD When Moved Out Of Poverty

Originally published on Wed March 12, 2014 7:32 am

Transcript

RENEE MONTAGNE, HOST:

In the 1990s, the U.S. government embarked on an ambitious social experiment to try to help people get out of poverty. The Moving to Opportunity Program gave housing vouchers to single mothers so they could raise their kids in areas with better job prospects and better schools. The hope was the families would thrive.

Read more

5:55am

Wed March 12, 2014
Business

Philadelphia Capitalizes On Energy Boom

Originally published on Wed March 12, 2014 7:32 am

Transcript

RENEE MONTAGNE, HOST:

The shale oil boom is having a major impact on cities across the U.S. In Philadelphia, trains bringing crude oil from North Dakota have helped revived refineries there. Plus, other businesses are now eagerly looking for ways to tap into Pennsylvania's own vast supply of natural gas.

Katie Colaneri of member station WHYY reports.

Read more

Pages