Business

5:44pm

Thu January 23, 2014
Economy

What Do Americans Think About Income Inequality?

Originally published on Fri January 24, 2014 5:32 pm

Transcript

ROBERT SIEGEL, HOST:

And as we just heard from Jim, economic mobility may not have changed much in the last 20 years, but income inequality has skyrocketed. More on the latter now from Michael Dimock, vice president of research at the Pew Research Center. Pew has a new survey out, asking Americans what they think about income inequality.

Michael Dimock, welcome once again.

MICHAEL DIMOCK: Thanks for having me.

SIEGEL: And first finding is Americans say there is growing income inequality, yes?

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4:45pm

Thu January 23, 2014
The Salt

Potential Carcinogen In Colas Has FDA Reviewing Data

4-MEI, a chemical created during the manufacturing of caramel color used to dye sodas brown, is under new scrutiny.
iStockphoto

A new study from Consumer Reports finds varying levels of a chemical compound classified as a possible human carcinogen in many popular brands of soda.

The findings have prompted the Food and Drug Administration to take a new look at the compound, 4-methylimidazole — or 4-MEI for short. It is found in the caramel color that soda makers use to dye the drinks brown.

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9:30am

Thu January 23, 2014
The Two-Way

DOJ Alleges Fraudulent Security Checks By Firm That Vetted Snowden

Originally published on Thu January 23, 2014 5:41 pm

Surveillance camera video of Aaron Alexis, a contractor who killed 12 people at the Washington Navy Yard on Sept. 16, 2013. Alexis was one of thousands of individuals cleared by the firm known as USIS.
HO UPI/Landov

The private contractor that signed off on background checks for both NSA leaker Edward Snowden and Washington Navy Yard shooter Aaron Alexis is being accused of fraud by the Justice Department for allegedly submitting more than 650,000 incomplete investigations.

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8:59am

Thu January 23, 2014
The Two-Way

Sales Of Existing Homes Hit 7-Year High In 2013

Originally published on Thu January 23, 2014 10:35 am

We updated the top of this post at 10:30 a.m. ET.

The evidence that the housing sector has bounced back from the deep slump it sank into starting in 2007 was reinforced Thursday morning with word from the National Association of Realtors that:

"Existing-home sales edged up in December, sales for all of 2013 were the highest since 2006, and median prices maintained strong growth. ...

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8:20am

Thu January 23, 2014
Business

Netflix Reports Better-Than-Expected Earnings

Transcript

RENEE MONTAGNE, HOST:

NPR's business news begins with a Netflix surge.

(SOUNDBITE OF MUSIC)

MONTAGNE: The video streaming company's shares spiked more than 17 percent yesterday during after-hours trading. That's thanks to better-than-expected fourth-quarter results. Netflix reported a net income of $48 million for the last quarter of 2013 - up from eight million a year ago.

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8:20am

Thu January 23, 2014
Business

Don't Fall For The Oldest Trick In The Book

Police in Ceres, Calif., have a warning: If someone comes up to you in a silver Lexus at dusk offering a ridiculously cheap iPad — don't buy it. Authorities say several people have fallen prey to the alluring low prices.

6:06am

Thu January 23, 2014
Business

World Economic Forum Opens In Switzerland

Originally published on Thu January 23, 2014 8:20 am

Transcript

RENEE MONTAGNE, HOST:

The World Economic Forum is underway at the Swiss Alpine resort of Davos. It's an annual meeting of the world's business elites but also in attendance are world leaders and academics, celebrities and charities.

Gideon Rachman is chief foreign affairs columnist for the Financial Times. He's a regular at Davos and he joined us from there. Good morning.

GIDEON RACHMAN: Good morning.

MONTAGNE: Tell us about who is there this year and if there are some names that you're surprised to find are not.

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5:27am

Thu January 23, 2014
Around the Nation

Texas Landowners Keep Watchful Eye On Keystone KL Pipeline

Originally published on Thu January 23, 2014 8:20 am

Oil is now running through the southern part of the keystone XL pipeline. Supporters and opponents will be watching carefully to see what that could mean for the northern section of the project, that still awaits approval from the Obama administration.

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.

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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.

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