Business

4:58am

Tue January 28, 2014
Planet Money

White House Reminds Firms Not To Overlook Long-Term Jobless

Originally published on Tue January 28, 2014 8:20 am

Transcript

STEVE INSKEEP, HOST:

Here's another item likely to be part of tonight's State of the Union address: helping the long term unemployed. The president is expected to announce that some of America's firms have signed a pledge not to discriminate against the long term unemployed when they're hiring. This week, the president plans to meet with many of the CEOs of those companies. NPR's Zoe Chace from our Planet Money team reports on the surprising experiment that, in part, lead to this meeting.

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4:58am

Tue January 28, 2014
Economy

Researchers Examine Gap Between Rich And Poor

Originally published on Tue January 28, 2014 8:20 am

Transcript

STEVE INSKEEP, HOST:

NPR's business news starts with income inequality.

(SOUNDBITE OF MUSIC)

INSKEEP: President Obama has dropped a few hints that one of the themes of his State of the Union address tonight will be the growing gap between the rich and the poor. He recently called economic mobility and inequality the defining challenge of our times. So is it?

Harvard researchers have been examining this question, including a co-author of a study, Nathan Hendren.

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9:19pm

Mon January 27, 2014
All Tech Considered

Tech Leader Quasi-Apologizes For His Nazi Rampage Analogy

Originally published on Wed January 29, 2014 4:09 pm

Tom Perkins is a prominent Silicon Valley venture capitalist and the author of the novel, Sex and the Single Zillionaire.
Eric Risberg AP

Multi-millionaire Silicon Valley venture capitalist Tom Perkins tried to apologize — kind of — for comparing the protests against the techno-affluent to Kristallnacht, the 1938 Nazi rampage that led to 91 killings and 30,000 Jews sent to concentration camps.

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5:56pm

Mon January 27, 2014
Economy

The Middle Class Took Off 100 Years Ago ... Thanks To Henry Ford?

Originally published on Wed January 29, 2014 1:17 pm

Ford's use of a moving line reduced a car's assembly time from 12 hours to 93 minutes, but this made the work repetitive for workers like the ones here, who are making flywheels. So Ford paid workers $5 a day, an extraordinary amount at the time.
AP

The home of the Ford Model T is now an abandoned factory complex along busy Woodward Avenue in Highland Park, Mich., and there's not much to distinguish this place from Detroit's other industrial ruins.

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5:32pm

Mon January 27, 2014
The Two-Way

U.S. Agencies, Tech Firms Agree To Rules On Surveillance Info

Originally published on Mon January 27, 2014 6:53 pm

Internet companies that receive U.S. government requests for information about their customers will be able to disclose more details about surveillance than has been allowed, according to a deal announced today by the Justice Department.

The shift will allow technology and communications companies "to publish the aggregate data ... relating to any orders issued pursuant to the Foreign Intelligence Surveillance Act (FISA)" — and in more ways than had been previously allowed.

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1:28pm

Mon January 27, 2014
The Two-Way

NYT: NSA Can Exploit Mobile Apps For Information

Originally published on Mon January 27, 2014 4:53 pm

The National Security Agency, along with its British counterpart, the GCHQ, can exploit sometimes very personal data that leaks from popular phone apps.

That's according to The New York Times, which is basing its reporting on secret British documents obtained by former NSA contractor Edward Snowden.

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12:51pm

Mon January 27, 2014
The Salt

Making Moonshine At Home Is On The Rise. But It's Still Illegal

Originally published on Mon January 27, 2014 5:26 pm

A worker at New York's Kings County Distillery, which opened in 2010. Before going legit with the operation, co-founder Colin Spoelman (not pictured) learned to make moonshine in his Brooklyn apartment without a permit.
Courtesy of Valery Rizzo

Within days after each season premiere and season finale of the Discovery Channel's reality show "Moonshiners," they come — a small but perceptible wave of people — to purchase suspiciously large amounts of corn, sugar and hardy strains of fermenting yeast at Austin Homebrew Supply.

"We know what they're up to," says Chris Ellison, the manager of the Texas store.

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12:34pm

Mon January 27, 2014
The Two-Way

CEO Of A Bitcoin Exchange Charged With Money Laundering

Charlie Shrem, CEO of the BitInstant bitcoin exchange, and another man have been charged with allegedly laundering money for individuals who illegally bought drugs online.

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12:21pm

Mon January 27, 2014
The Two-Way

FAA Orders Safety Checks On Boeing 767 Jets

An American Airlines Boeing 767 takes off from Miami International Airport.
Wilfredo Lee AP

The Federal Aviation Administration ordered safety inspections on Monday of all Boeing 767 jets.

As The Los Angeles Times reports, the FAA is worried about potential problems to the aircraft's horizontal flight-control surfaces, which could result in a "possible loss of control of the airplane."

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9:52am

Mon January 27, 2014
Parallels

As Overseas Costs Rise, More U.S. Companies Are 'Reshoring'

Originally published on Wed January 29, 2014 1:17 pm

Paul Gibson works on the Geo-Spring hybrid water heater at General Electric's Louisville, Ky., plant. For many years, GE outsourced manufacturing of the water heater to a company in China. But in 2009, it decided to bring production back to the U.S.
Jackie Northam NPR

For decades, American companies have been sending their manufacturing work overseas. Extremely low wages in places like China, Vietnam and the Philippines reduced costs and translated into cheaper prices for consumers wanting flat-screen TVs, dishwashers and a range of gadgets.

But now a growing number of American companies are reversing that trend, bringing manufacturing back to the United States in a trend known as "reshoring."

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