Business

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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8:00am

Mon January 27, 2014
Business

Rate Of First-Class Stamp Increases

Originally published on Mon January 27, 2014 8:15 am

A first-class stamp costs 49 cents as of Monday. That's a three-cent increase. It's the largest increase in consumer postage prices in more than a decade.

7:25am

Mon January 27, 2014
NPR Story

Not Shaving Hurts Razor Sales

Originally published on Mon January 27, 2014 8:14 am

Proctor & Gamble says the trend of letting facial hair grow is hurting sales in its razor division.

5:11am

Mon January 27, 2014
Business

Federal Reserve Officials To Evaluate Stimulus Easing

Originally published on Mon January 27, 2014 7:25 am

Federal Reserve officials are meeting this week to decide whether to continue easing up on economic stimulus measures. The pullback by the Fed so far is being felt around the world, especially in some emerging markets.

4:55am

Mon January 27, 2014
Politics

IRS Wants To Tighten Its Rule On Social Welfare Groups

Originally published on Mon January 27, 2014 7:25 am

Transcript

RENEE MONTAGNE, HOST:

The Internal Revenue Service wants to tighten rules on social welfare groups and it has opened itself up for public comment, giving Americans a chance to sound off. It seems people have a lot to sound off about. The agency has received thousands of comments about the IRS scrutiny of Tea Party groups seeking tax exempt status and the hundreds of millions of dollars raised from unnamed donors and spent on the 2012 elections. NPR's Peter Overby has more.

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4:55am

Mon January 27, 2014
Business

Former Wonkblog Team To Create New Site For Vox Media

Originally published on Mon January 27, 2014 7:25 am

Ezra Klein and the team behind the Wonkblog at The Washington Post have found a new home. They are joining Vox Media, a digital outfit with sites serving sports fans, foodies and gamers — but little in the way of news about politics. The creation of the new site, tentatively called Project X, demonstrates the pull of digital media for entrepreneurial journalists.

3:34am

Mon January 27, 2014
All Tech Considered

As PC Sales Drop, Intel Delays A Plant Opening And Cuts Jobs

Originally published on Mon January 27, 2014 12:57 pm

With new construction in the background, President Obama spoke about manufacturing and jobs during a visit to Intel's Ocotillo facility, Jan. 25, 2012, in Chandler, Ariz.
Ross D. Franklin AP

As far as factories go, this one was about as ballyhooed as they come. In 2012, President Obama visited Intel's Ocotillo campus in suburban Phoenix, the day after his State of the Union address.

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