Business

5:55am

Thu December 19, 2013
Politics

Senate Follows House, Passes Budget Deal

Originally published on Thu December 19, 2013 12:08 pm

Transcript

STEVE INSKEEP, HOST:

It's MORNING EDITION, from NPR News. I'm Steve Inskeep.

DAVID GREENE, HOST:

And I'm David Greene. Despite some very loud grumbling, both chambers of Congress have approved a two-year federal budget plan. This drops the odds of a federal government shutdown early next year, but it certainly does not end the debate over federal spending.

INSKEEP: NPR's Tamara Keith is on the line this morning to talk about one figure from the agreement, which suggests the scale of budget fights ahead. And Tamara, what's the figure?

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5:20am

Thu December 19, 2013
Around the Nation

Scientists Charge BP Oil Spill 'Gravely' Injured Dolphins

Originally published on Thu December 19, 2013 12:08 pm

Transcript

STEVE INSKEEP, HOST:

The BP oil spill turned out to be less disastrous than people feared at the beginning, but it still was a disaster, and the effects are still being felt. Dolphins in the Gulf of Mexico are getting very sick, we're told, from exposure to oil. For the first time, a government study confirms a host of problems in dolphins who live in one of Louisiana's bays worst affected. Here's NPR's Debbie Elliot.

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4:34am

Thu December 19, 2013
Economy

Fed To Dial Back Its Bond-Buying Stimulus Program

Originally published on Thu December 19, 2013 12:08 pm

Transcript

STEVE INSKEEP, HOST:

It's MORNING EDITION from NPR News. Good morning. I'm Steve Inskeep.

DAVID GREENE, HOST:

And I'm David Greene.

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4:29am

Thu December 19, 2013
Business

Even If FCC Relaxes Rules, Delta Won't Allow In-Flight Calls

Originally published on Thu December 19, 2013 12:08 pm

Transcript

DAVID GREENE, HOST:

If you ever fly, you've heard it countless times: You cannot use your cellphone while en route to your destination. Federal rules will not allow it. That could change now, as the FCC considers relaxing those rules. But in advance of that decision yesterday, Delta Airlines said it plans to remain committed to high altitude quiet time.

Here's NPR's Kathy Lohr.

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3:05am

Thu December 19, 2013
Animals

Russian Demand Fuels Comeback Of North American Fur Market

Originally published on Thu December 19, 2013 12:08 pm

A model displays a creation by Russian designer Igor Gulyaev during the Volvo Fashion Week in Moscow on Oct. 27, 2011.
Mikhail Metzel AP

North American fur is booming.

Not in North America, necessarily, but "you can't keep fur in stock in Russia," says furrier Greg Tinder. "The higher the price tag you put on it, the faster it sells."

Tinder, who left Saks Fifth Avenue to start his own label, says the East has always been a furrier's dream — think big, plushy Soviet-era hats. But now, with Russia's economy on the rise, there's some new money on the block, and designers know that.

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3:04am

Thu December 19, 2013
All Tech Considered

Bay Area's Steep Housing Costs Spark Return To Communal Living

Originally published on Thu December 19, 2013 12:08 pm

Residents of the Embassy House, a communal home near San Francisco's Haight-Ashbury district, eat dinner together every Sunday.
Elise Hu NPR

This week, we're exploring the San Francisco Bay Area and the way income inequality is affecting the region. Check out the other pieces of the week, aggregated on this page.

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5:49pm

Wed December 18, 2013
Planet Money

A Tiny Taper, In 2 Graphs

Tapir
Flickr

In the past five years, the Federal Reserve has created roughly $3 trillion out of thin air.

The Fed uses the money it creates out of thin air to buy bonds. The idea is to drive down interest rates, which encourages people and businesses to borrow and spend money. It's called quantitative easing.

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5:46pm

Wed December 18, 2013
The Two-Way

Top SAC Capital Manager Guilty Of Insider Trading

Originally published on Wed December 18, 2013 7:42 pm

Michael Steinberg (left) departs federal court in Manhattan on Wednesday after being found guilty on charges that he traded on insider information.
Lucas Jackson Reuters/Landov

Michael Steinberg, a top portfolio manager at SAC Capital Advisors, has been found guilty of insider trading — the latest conviction stemming from a years-long federal investigation into the hedge fund's activities.

Steinberg was found guilty on five counts of conspiracy and securities fraud.

Reuters writes:

"Prosecutors said he traded on confidential information that was passed to him by an employee, who later admitted to swapping illegal tips with friends at other firms."

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5:15pm

Wed December 18, 2013
Economy

Federal Reserve To Cut Stimulus By $10 Billion A Month

Originally published on Wed December 18, 2013 6:34 pm

Transcript

MELISSA BLOCK, HOST:

From NPR News, this is ALL THINGS CONSIDERED. I'm Melissa Block.

AUDIE CORNISH, HOST:

And I'm Audie Cornish.

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4:03pm

Wed December 18, 2013
Shots - Health News

People Buying Health Insurance Get A Bit More Time To Pay

Originally published on Wed December 18, 2013 6:34 pm

Oregon is still using paper applications to enroll people through the Affordable Care Act.
iStockphoto

There are seven shopping days left until Christmas. But there are just five days until another important deadline — the last day to sign up for health insurance under the Affordable Care Act if you want coverage to start January 1.

After a slow start, activity on the federal website HealthCare.gov has been heavy all month. And with the deadline approaching, some people are getting worried that they won't get signed up in time.

And this being the health care law, it's complicated. There is more than one deadline.

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