Business

5:20am

Sat March 8, 2014
Business

Don't Run Out For Caviar Yet, But Wages Are Heading Higher

Originally published on Sat March 8, 2014 12:40 pm

Construction companies added 15,000 jobs even though the weather was horrible in much of the country in February.
Sarah Glenn Getty Images
  • Freezing Weather Put A Chill On Economy, Housing Market?

Friday's monthly employment report was encouraging — but not just for job seekers. People who already have work could find something to celebrate too: Hourly wages rose at a decent pace.

That's a welcome change for employees who have seen only very, very modest raises in this economic recovery.

The Labor Department said average hourly wages rose by 9 cents an hour in February, up to $24.31. With that bump, workers are now making 2.2 percent more per hour than they were a year ago.

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5:19am

Sat March 8, 2014
All Tech Considered

Tech Week That Was: Women In Tech, Bitcoin's Man And SXSW Begins

Originally published on Tue March 11, 2014 10:15 am

A Bitcoin sign at a shop in Hong Kong.
Philippe Lopez AFP/Getty Images

Another hectic week in the technology space wraps up just as the massive festival for interactive geeks and the marketers who love them — South By Southwest — gets under way in Austin, Texas.

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4:09pm

Fri March 7, 2014
Media

After Newsweek 'Outs' Purported Bitcoin Founder, Questions Follow

Originally published on Fri April 4, 2014 5:02 pm

Transcript

AUDIE CORNISH, HOST:

From NPR News, this is ALL THINGS CONSIDERED. I'm Audie Cornish.

MELISSA BLOCK, HOST:

And I'm Melissa Block. The past 36 hours have brought us a splashy cover story claiming to have found the figure behind a shadowy multi-billion dollar enterprise, also a media circus replete with an OJ Simpson-like car chase through the streets of Los Angeles and an army of online debunkers intent on proving the article false.

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4:09pm

Fri March 7, 2014
Economy

February Jobs Numbers Give Some Economists Reason To Smile

Originally published on Fri March 7, 2014 7:29 pm

Transcript

AUDIE CORNISH, HOST:

From NPR News, this is ALL THINGS CONSIDERED. I'm Audie Cornish.

MELISSA BLOCK, HOST:

And I'm Melissa Block. There was some positive economic news today. Job growth in February was stronger than expected. The government monthly employment report showed 175,000 jobs were added to the economy last month. There were also upward revisions for December and January. As NPR's John Ydstie reports, that improvement comes despite evidence that stormy winter weather may have restrained job growth.

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3:41pm

Fri March 7, 2014
The Two-Way

Lawmaker Wants To Ban Orcas At San Diego's SeaWorld

Originally published on Fri March 7, 2014 7:33 pm

A trainer feeds killer whales ice chunks in a tank at SeaWorld in San Diego in this undated photo.
Sandy Huffaker/Barcroft Media Barcroft Media /Landov

A California lawmaker has proposed a measure that would prohibit SeaWorld San Diego from using orcas in its shows.

Richard Bloom, a Santa Monica Democrat, says the documentary Blackfish, which examines the 2010 death of a SeaWorld trainer who was killed by a captive orca, inspired him to push the bill.

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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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