Business

5:35am

Thu February 20, 2014
Business

U.S. Government To Back Loans For Nuclear Power

Originally published on Thu February 20, 2014 7:38 am

Transcript

STEVE INSKEEP, HOST:

The first nuclear reactors to be built in decades are getting a helping hand from the government. Today, Secretary of Energy Ernest Moniz is in Georgia to mark billions in assistance towards the construction of two new nuclear units in the state.

NPR's Geoff Brumfiel reports that building reactors is still an expensive proposition.

Read more

5:34am

Thu February 20, 2014
Business

FCC To Propose New Rules On Internet Neutrality

Originally published on Thu February 20, 2014 7:38 am

Transcript

RENEE MONTAGNE, HOST:

The Federal Communications Commission tried to craft rules aimed at preserving Open Internet. Then last month, a federal appeals court struck down those rules. The FCC announced yesterday that it would not appeal the ruling, instead it will try to come up with a new set of rules.

NPR's Joel Rose reports.

Read more

5:33am

Thu February 20, 2014
Business

Nebraska Court Ruling Further Complicates Keystone XL Pipeline

Originally published on Thu February 20, 2014 7:38 am

Transcript

STEVE INSKEEP, HOST:

NPR business news starts with a clogged pipeline.

(SOUNDBITE OF MUSIC)

INSKEEP: Clogged pipeline project, that is. The judge's ruling in Nebraska makes further delay completion of the Keystone XL pipeline. The decision immediately prompted an appeal.

Fred Knapp of NET News reports.

Read more

3:45am

Thu February 20, 2014
Environment

Toxic Leak Taints North Carolina Coal Plants, And Regulators

Originally published on Fri February 21, 2014 9:29 am

North Carolina's Dan River was polluted with toxic coal ash that leaked from a coal plant earlier this month. The spill is under investigation.
Gerry Broome AP

A broken pipe funneled 30,000 tons of toxic coal ash into the Dan River in North Carolina earlier this month, turning it gray. The pipe has been plugged, but the spill has reignited a fight over storage of coal ash, and scrutiny of the state regulators responsible for monitoring it.

Read more

3:43am

Thu February 20, 2014
Planet Money

What It Was Like To Be A Wall Street Recruit After The Bailouts

Originally published on Thu February 20, 2014 10:05 am

John Angelillo UPI/Landov

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

3:42am

Thu February 20, 2014
Parallels

Why More Americans Are Renouncing U.S. Citizenship

Originally published on Thu February 20, 2014 8:32 am

A case against the Swiss bank UBS in 2008 led Congress to create more regulations for foreign banks holding American money. Rather than comply, many banks opted to stop serving American account-holders.
Fabrice Coffrini AFP/Getty Images

A few times a year, the Treasury Department publishes a long list of names announcing all of the Americans who have lately abandoned their U.S. citizenship.

According to the legal website International Tax Blog, the number hovered around 500 a decade ago. Last year, it hit a record high of nearly 3,000.

This was not a gradual change. It was a sudden spike. It's a story of dominoes falling, one after another, leading to an unexpected outcome.

Read more

7:01pm

Wed February 19, 2014
The Two-Way

Facebook Will Buy WhatsApp Message Service For $19 Billion

Seeking new ways to be a player in mobile messaging, Facebook announced today that it will acquire the fast-growing WhatsApp firm for some $16 billion in cash and stock. The deal includes an additional $3 billion in Facebook stock for the employees of WhatsApp, who would see the shares vest over four years.

This is the second headline-grabbing acquisition by Facebook, following the $1 billion deal for Instagram that was announced in the spring of 2012. The new deal calls for Facebook to pay $4 billion in cash, along with around $12 billion in stock.

Read more

5:49pm

Wed February 19, 2014
The Two-Way

U.S. Government Will Back Loans For Nuclear Power

Originally published on Thu February 20, 2014 6:05 am

The containment vessel for a new nuclear reactor at the Vogtle nuclear power plant under construction near Augusta, Ga., in December 2012.
John Bazemore AP

Energy Secretary Ernest Moniz announced a multibillion-dollar loan guarantee Wednesday for building nuclear reactors in Georgia, underscoring the White House's plan for an "all of the above" energy strategy.

The two reactors will be the first built in this country in nearly three decades.

Read more

4:52pm

Wed February 19, 2014
The Salt

Americans Want Antibiotic-Free Chicken, And The Industry Is Listening

Originally published on Thu February 20, 2014 7:34 am

Do these chickens look medicated?
iStockphoto

In an age when consumers want transparency in how their food is produced, meat producers are under the microscope.

And the meat industry is responding: Antibiotic-free chicken is showing up everywhere you look.

Read more

4:21pm

Wed February 19, 2014
The Record

Computer Love: Beats Music Wants To Be Your Everything

Beats Music

I have a new streaming music service in my life. Let's call him Beatsy. It's an open relationship — I'm still accessing other music streams, and Beatsy's positively promiscuous, winning the hearts of the music press and thousands of trial subscribers. But I don't mind. When I'm with Beatsy I feel special. Yes, he is a computer program — the world knows him as Beats Music, just one of many services that make it possible for me to listen to music stored in its cloud library via my phone or computer.

Read more

Pages