Business

2:50pm

Fri March 7, 2014
Code Switch

A Native American Tribe Hopes Digital Currency Boosts Its Sovereignty

Originally published on Fri March 7, 2014 4:35 pm

There's a lot of talk about virtual currencies lately — how they work, economic implications and whether they're safe. But now a Native American tribe is using a bitcoin-like currency to help strengthen its sovereignty.

In South Dakota, the Oglala Lakota Nation has become the first Native American tribe to launch its own form of virtual currency. Payu Harris, its creator, calls it mazacoin.

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12:37pm

Fri March 7, 2014
The Two-Way

MasterCard, Visa Team Up To Improve Payment Security

Originally published on Fri March 7, 2014 2:48 pm

Visa and MasterCard have formed an industry-wide group to improve payment security.
Damien Meyer AFP/Getty Images

Credit-card rivals Visa and MasterCard said Friday they have formed an industry-wide group aimed at improving payment security in the wake of a number of breaches that compromised customers' data.

"The recent high-profile breaches have served as a catalyst for much needed collaboration between the retail and financial services industry on the issue of payment security," Visa President Ryan McInerney said in the statement.

According to Reuters:

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12:28pm

Fri March 7, 2014
All Tech Considered

Why All This Fuss Over Satoshi Nakamoto Is A Boost For Bitcoin

Originally published on Mon March 10, 2014 12:15 am

Is this Satoshi Nakamoto, the mysterious founder of Bitcoin? He says no.
Nick Ut AP

On Thursday, Newsweek's Leah McGrath Goodman reported that she had found the founder of the crypto-currency Bitcoin — the elusive Satoshi Nakamoto, a person or group of people whose true identity has been unknown.

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11:44am

Fri March 7, 2014
Shots - Health News

Actuaries In Denver Will Get First Peek At Obamacare's Full Cost

Health insurers are banding together to share information about how much new customers are costing health plans. A group of actuaries in Denver will be the first to see the figures, which could be used in calculating future rates.
iStockphoto

Now that medical insurers must accept all applicants no matter how sick, what will these new customers cost health plans? And how will their coverage costs affect insurance prices for 2015 and beyond?

Few questions about the Affordable Care Act are more important. How it all plays out will affect consumer pocketbooks, insurance company profits and perhaps the political fortunes of those backing the health law.

A few Denver actuaries, bound to confidentiality, will be the first to glimpse the answers.

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8:34am

Fri March 7, 2014
The Two-Way

Jobless Rate Ticks Up, But Job Growth Is Better Than Expected

Originally published on Fri March 7, 2014 11:14 am

The scene at a job fair for veterans earlier this year in Washington, D.C.
Mark Wilson Getty Images
This post has been updated.

The nation's unemployment rate edged up to 6.7 percent in February from 6.6 percent the month before, but employers added more jobs than expected, the Bureau of Labor Statistics said Friday.

According to BLS, the number of jobs on public and private payrolls grew by 175,000 last month — about 25,000 more than economists had expected.

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8:00am

Fri March 7, 2014
The Two-Way

Book News: @GSElevator Author Loses Book Deal

Originally published on Fri March 7, 2014 10:24 am

The daily lowdown on books, publishing, and the occasional author behaving badly.

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7:13am

Fri March 7, 2014
Business

'Game Of Thrones' Mixtape Drops On Friday

Originally published on Fri March 7, 2014 11:39 am

Transcript

LINDA WERTHEIMER, HOST:

And our last word in business is: Dragons.

(SOUNDBITE OF MUSIC)

WERTHEIMER: If you were one of the 14 million people who watches HBO's epic fantasy series "Game of Thrones," the word Dragons conjures adventure and excitement. If you're not watching, HBO wants you.

DAVID GREENE, HOST:

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6:26am

Fri March 7, 2014
Business

Safeway And Albertson's Announce Grocery Merger

Originally published on Fri March 7, 2014 11:39 am

Transcript

LINDA WERTHEIMER, HOST:

NPR's business news starts with a $9 billion grocery sale.

(SOUNDBITE OF MUSIC)

WERTHEIMER: The no. 2 grocery chain in the U.S., Safeway, is being acquired by the owner of Albertson's, the fifth largest grocer. Cerberus Capital Management is paying just over $40 a share for Safeway, the company said last night. The multi-billion-dollar deal creates a food retailer with more than 2,400 stores and more than 250,000 employees. Transcript provided by NPR, Copyright NPR.

5:22am

Fri March 7, 2014
Around the Nation

Great Lakes' Ice Cover Nears 1979 Record

Originally published on Fri March 7, 2014 2:11 pm

Transcript

DAVID GREENE, HOST:

All the polar air this winter has frozen the Great Lakes to an extent not seen in 35 years. Scientists say the record for ice coverage, set in 1979, could soon be broken. That year, nearly 95 percent of the Great Lakes were covered with ice. As of yesterday, ice coverage was at 92 percent.

LINDA WERTHEIMER, HOST:

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5:02am

Fri March 7, 2014
Around the Nation

Weather Expected To Effect February Jobs Report

Originally published on Fri March 7, 2014 11:39 am

Transcript

DAVID GREENE, HOST:

The recent bout of winter weather that many of us have felt has hit the U.S. economy. Winter storms cooled job growth in February. The only question is by how much. Economists, investors and job seekers are looking to today's employment report from the government for an answer. NPR's John Ydstie says their predictions have been dampened by the weather too.

JOHN YDSTIE, BYLINE: John Sylvia is the top economist for Wells Fargo. His forecast for job growth in February has been pounded down by the weather.

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