Business

3:51am

Thu January 23, 2014
Europe

Spain Exits Bailout In A Sign Of Progress, Not Full Recovery

Originally published on Thu January 23, 2014 7:47 pm

Shareholders protest bank practices at the headquarters of Spain's largest mortgage lender, Bankia, in Madrid on June 23, 2012, at the height of the country's banking crisis. Europe stepped in at that time with $56 billion in loans to help the banking system.
Andrea Comas Reuters/Landov

Spain's banking system on Thursday is marking an end to its reliance on bailout loans from Europe that were desperately needed 18 months ago to shore up its banks after a construction boom-and-bust.

Spain is now the second eurozone country to cleanly exit its bailout program, after Ireland.

It's a dramatic difference from a year and a half ago, when demonstrations erupted outside banks in Spain almost daily. At the time, record numbers of Spaniards were losing their homes in foreclosure. Unemployment soared past 25 percent and kept rising.

Read more

3:42am

Thu January 23, 2014
All Tech Considered

Target Hack A Tipping Point In Moving Away From Magnetic Stripes

Originally published on Thu January 23, 2014 3:01 pm

A cryptographic chip embedded in a British debit card. America is nearly alone in still relying on magnetic stripes to authenticate purchases.
Christopher Furlong Getty Images

The credit and debit card data breaches at Target and Neiman Marcus compromised more than 70 million American consumers, and analysts say even more of us are at risk. That's because the technology we use to swipe for our purchases — magnetic stripes on the backs of cards — isn't hard for a skilled fraudster to hack.

Read more

5:36pm

Wed January 22, 2014
The Salt

Small-Batch Distilleries Ride The Craft Liquor Wave

Originally published on Wed January 22, 2014 8:01 pm

Evan Parker built the interior space of the distillery himself in a small warehouse near the coast. Parker and his business partner, Mat Perry, have desks overlooking their 400-gallon copper kettle and still.
Chris Arnold NPR

Wherever you live, you're probably not too far from a local microbrewery making beer. Now, the latest trend is the spread of what you might call "micro-boozeries." Craft liquor distilleries are springing up around the country like little wellheads spouting gin, whiskey and rum.

Turkey Shore Distilleries in Ipswich, Mass., is one of them.

Read more

5:27pm

Wed January 22, 2014
The Salt

Should Farmers Give John Deere And Monsanto Their Data?

Originally published on Wed January 22, 2014 8:01 pm

Adam Cole NPR

Starting this year, farmers across the Midwest can sign up for a service that lets big agribusiness collect data from their farms, minute by minute, as they plant and harvest their crops.

Monsanto and John Deere are offering competing versions of this service. Both are promising to mine that data for tips that will put more money in farmers' pockets.

Read more

5:27pm

Wed January 22, 2014
All Tech Considered

Putting The Brake On Who Can See Your Car's Data Trail

Originally published on Wed January 22, 2014 8:01 pm

Auto show worker Jorge Martinez details a 2014 Buick Regal in preparation for display Jan. 11. The Regal is equipped with technology that senses a potential accident and slows the car automatically.
Rebecca Cook Reuters /Landov

At the North American International Auto Show in Detroit this week, carmakers are happy to demonstrate the technology in their vehicles. A spokeswoman for Buick points out some of the safety features in the new Regal:

"Automatic crash preparation," she says. "Now we're actually able to help stop the vehicle in the event of sensing a potential crash, or at least reduce the speed."

And many new Chevrolets have a dashboard app that some of us in public radio are fond of: It lets you run any NPR station in the country on it.

Read more

3:06pm

Wed January 22, 2014
Intelligence Squared U.S.

Debate: Is The Affordable Care Act Beyond Repair?

Dr. Scott Gottlieb and Megan McArdle face off against Jonathan Chait and Dr. Douglas Kamerow over the Affordable Care Act in a debate moderated by John Donvan in January.
Samuel LaHoz Intelligence Squared US
  • Listen To The Full Audio Of The Debate
  • Listen To The Broadcast Version Of The Debate

The Affordable Care Act had ardent critics and supporters long before last fall's troubled launch of the HealthCare.gov website. Opponents of Obamacare say the law will reduce, not increase, the number of health plans available to Americans and that fewer consumers will be able to afford care than before. And delays in implementation of portions of the ACA, they argue, demonstrate how the Obama administration has been forced to undermine its own law in order to keep it running.

Read more

2:37pm

Wed January 22, 2014
The Two-Way

Warren Buffett's $1 Billion Basketball Bet Is A Very Long Shot

Originally published on Wed January 22, 2014 4:13 pm

Warren Buffett with Harlem Globetrotter Chris "Handles" Franklin at Berkshire Hathaway's annual meeting in May 2013.
Nati Harnik AP

Talk about March Madness:

Billionaire investment guru Warren Buffett and Quicken Loans have teamed up on a "Billion $ Bracket Challenge."

Basically, Quicken is offering a $1 billion grand prize — yes, that's billion, with a B — if someone correctly picks the outcome of all 63 games in the men's Division I college basketball tournament this spring.

Read more

1:47pm

Wed January 22, 2014
Planet Money

Millions Of People Are Quitting Their Jobs Every Month. That's Good News.

Originally published on Tue January 28, 2014 10:35 am

quits
Quoctrung Bui/NPR

It might be hard to imagine in this sputtering recovery, but 2.4 million people actually quit their jobs in November, according to the Bureau of Labor Statistics. That's nearly a million more quitters than there were during the darkest months of the recession.

Read more

1:24pm

Wed January 22, 2014
The Salt

Long John Silver's Throws Trans Fats Overboard

Originally published on Wed January 22, 2014 4:22 pm

Long John Silver's has gained some notoriety in the past for serving up what the food police dubbed the most unhealthful meal in America. (aka heart attack on a hook.)

But the fast-food chain is out to change its reputation. One step in this new direction: a quick transition from partially hydrogenated oils that contain bedeviled trans fats. Today, the chain announced it is moving to a 100 percent soybean oil that is trans-fat free.

Read more

8:53am

Wed January 22, 2014
The Two-Way

Almost No Poor Nations By 2035? That's What Bill Gates Says

Originally published on Wed January 22, 2014 1:26 pm

Bill Gates at an event held by his foundation in Berlin last November.
Maurizio Gambarini EPA/Landov

It is a myth that "poor countries are doomed to stay poor," and by the year 2035, "there will be almost no poor countries left in the world," Microsoft co-founder and philanthropist Bill Gates writes in his latest annual letter about the work of the Bill & Melinda Gates Foundation and conditions in the nations where the foundation works.

Gates sees a world where once-impoverished countries have already made tremendous progress and where more will follow their lead.

Read more

Pages