Business

7:32am

Thu January 16, 2014
Business

Retailers May Use Video Cameras To Track Shoppers

Originally published on Thu January 16, 2014 3:07 pm

Transcript

STEVE INSKEEP, HOST:

And our last word in business is: Surveillance - not from the NSA, but from a store near you.

RENEE MONTAGNE, HOST:

Retailers have long tracked activity in stores, with video cameras. Now, they have an option to track you. Security tech company 3VR has unveiled an in-store video camera that allegedly uses facial recognition to gauge your age, gender and mood.

INSKEEP: Retailers could use real-time information to customize digital signs - just as you are passing.

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6:16am

Thu January 16, 2014
Business

Concerns Raised Over Banks' Commodities Holdings

Originally published on Thu January 16, 2014 3:07 pm

Copyright 2014 NPR. To see more, visit http://www.npr.org/.

Transcript

RENEE MONTAGNE, HOST:

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6:13am

Thu January 16, 2014
Business

Apple To Refund App Purchases Void Of Parental Consent

Originally published on Thu January 16, 2014 3:07 pm

Transcript

RENEE MONTAGNE, HOST:

Apple has agreed to compensate consumers who bought more than they realized from the company. The company will also fix a problem that led to some unauthorized spending.

STEVE INSKEEP, HOST:

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6:10am

Thu January 16, 2014
Business

GM Shareholders To Receive Dividends Again

Originally published on Thu January 16, 2014 3:07 pm

Transcript

MELISSA BLOCK, HOST:

NPR's business news begins with a GM comeback.

(SOUNDBITE OF MUSIC)

BLOCK: General Motors announced this week that for the first time in nearly six years, it will begin to pay cash dividends to its shareholders. GM stopped paying out dividends back in June of 2008, as it struggled to save money through the recession, bankruptcy and a government bailout.

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5:11am

Thu January 16, 2014
Planet Money

How Perverse Incentives Drive Up Health Care Costs

Originally published on Thu January 16, 2014 3:07 pm

Transcript

STEVE INSKEEP, HOST:

Emergency medical technicians, EMTs, are trained to save your life and aim to get you to a hospital as quickly as possible when needed. One thing they are usually not asked to do is to find ways to save money.

NPR's Zoe Chace explores one experiment in New York City that is trying to cut emergency care costs and cut return trips to the E.R.

ZOE CHACE, BYLINE: I'm in an ambulance, and we're on the way to the emergency room.

PETER DERMODY: How long have you been feeling like this, Michael?

MICHAEL: Like, two days.

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3:28am

Thu January 16, 2014
Business

Detroit Touts Clean, Efficient Diesels, But America Isn't Sold

Originally published on Thu January 16, 2014 3:07 pm

Automakers like GM, Chrysler and Volkswagen are introducing new, cleaner diesel passenger cars to the U.S. market as fuel-efficient alternatives.
Carlos Osorio AP

At the North American International Auto Show in Detroit this week, it's not all hybrids and battery-powered cars. Some car companies are making significant investments in a fuel that's not new at all — diesel.

The newest diesel engines are far cleaner than their predecessors, and they get many more miles per gallon. The question is, what's holding customers back from switching gas pumps?

When you look around the auto show, there's a lot of energy and there's a lot of money being spent again. The one topic that keeps coming up, of course, is fuel economy.

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3:28am

Thu January 16, 2014
The Salt

Sometimes A Perfect Stranger Is The Best Dinner Host

Originally published on Thu January 16, 2014 3:07 pm

A group gathers in a Ballston, Va., home for a supper club organized through the site Feastly. A new food trend gaining popularity in New York and other cities lets diners enjoy a meal prepared by a stranger in that person's home.
Courtesy of Noah Karesh

With website names like Eat With, Side Tour, VoulezVousDiner and Feastly, a new food trend that is sweeping New York and other cities allows diners to enjoy fine meals inside someone else's home.

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3:26am

Thu January 16, 2014
It's All Politics

Jobs Pitchman Takes Labor Department's Show On the Road

Originally published on Thu January 16, 2014 3:07 pm

"Any federal employee who's driving a Dodge Viper either has a really good spouse, a really good inheritance or needs to be investigated by the inspector general," Labor Secretary Tom Perez says at the Detroit Auto Show.
Brian Naylor NPR

Tom Perez is having fun at the North American International Auto Show in Detroit. He sits in a Corvette, climbs into a new pickup truck, and gamely poses for pictures next to a $140,000 Dodge Viper.

"Any federal employee who's driving a Dodge Viper either has a really good spouse, a really good inheritance or needs to be investigated by the inspector general," he jokes.

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6:20pm

Wed January 15, 2014
The Two-Way

Obama Nominates Maria Contreras-Sweet To Head SBA

President Barack Obama announces he will nominate Maria Contreras-Sweet, left, founder and board chairman of a Latino-owned community bank in Los Angeles, as the head of the Small Business Administration.
Jacquelyn Martin AP

Former California official Maria Contreras-Sweet is President Obama's pick to lead the Small Business Administration. She was introduced and her official nomination announced at a White House event Thursday.

Born in Mexico, Contreras-Sweet became the first Latina to serve as a cabinet secretary in California when she led its Business, Transportation and Housing Agency from 1999-2003.

That post led Obama to tell this anecdote:

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5:53pm

Wed January 15, 2014
Economy

Fed Vice Chairman Nominee Taught Bernanke And Many Others

Originally published on Wed January 15, 2014 7:44 pm

Transcript

AUDIE CORNISH, HOST:

In other personnel news, the president has nominated Stanley Fischer to serve as the next vice chairman of the Federal Reserve. He would replace Janet Yellen, who's been promoted to chairman of the central bank. Yellen reportedly recruited Fischer personally to serve as her deputy. He spent much of the last decade running Israel's central bank.

As NPR's Scott Horsley reports, Stanley Fischer is credited with helping that country weather the financial crisis better than most and with training many of the world's top economists.

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