Business

7:11am

Thu January 2, 2014
Business

Colorado Begins Sales Of Recreational Marijuana

Originally published on Fri January 3, 2014 8:39 am

Transcript

DAVID GREENE, HOST:

And our last word in business today is green rush.

The first legal sale of recreational marijuana in recent memory happened in Denver yesterday.

TONY FOX: 8 a.m., we're going to do.

RENEE MONTAGNE, HOST:

That's Tony Fox, who owns the 3-D Cannabis Center. She was making the ceremonial first sale, surrounded by dozens of reporters, to Sean Azzariti, an Iraq War veteran with PTSD, who was involved in the campaign to legalize pot in Colorado.

FOX: Sean, your total is $59.74.

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7:03am

Thu January 2, 2014
Business

Fiat Pays $4.3 Billion To Get Complete Control Of Chrysler

Originally published on Thu January 2, 2014 7:52 am

Transcript

DAVID GREENE, HOST:

NPR's business news starts with Fiat and Chrysler.

The Italian automaker Fiat has paid $4.3 billion to gain complete ownership of Chrysler. The agreement announced yesterday is not a big surprise. Fiat already held a majority share of the Detroit automaker that produces Chrysler, Jeep and Dodge vehicles.

Industry analysts say this final step in the merger creates a global company that's better able to compete with the likes of General Motors, Toyota and Volkswagen. Transcript provided by NPR, Copyright NPR.

6:25am

Thu January 2, 2014
Research News

How Scarcity Trap Affects Our Thinking, Behavior

Originally published on Thu January 2, 2014 7:52 am

A Harvard economist finds there are psychological connections between the bad financial planning of many poor people and the poor time management of busy professionals. In both cases, he finds the experience of scarcity causes biases in the mind that exacerbate problems.

5:40am

Thu January 2, 2014
Business

Given A Second Chance, Convicted Currency Trader Helps Others

Originally published on Thu January 2, 2014 8:33 am

Transcript

RENEE MONTAGNE, HOST:

And even as things are looking up for the auto industry, many Americans still feel the sting of the 2008 recession. In the years since, many banks have been hit with large fines, but no major Wall Street executive has been convicted of criminal charges for their role in the financial crisis. That's not always how it went. A few years ago, a series of corporate scandals generated outrage and some stiff prison sentences.

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5:37am

Thu January 2, 2014
Television

Fielder Offers Absurd Marketing Advice On Comedy Central

Originally published on Thu January 2, 2014 2:01 pm

Transcript

RENEE MONTAGNE, HOST:

Let's hear now about a new reality show featuring a mild-mannered Canadian who gives outlandish advice to companies looking to up their game. It's called "Nathan for You." And as NPR's Mandalit del Barco reports, it's become an unlikely hit for Comedy Central.

(SOUNDBITE OF A BARKING DOG)

MANDALIT DEL BARCO, BYLINE: On a sunny winter day in North Hollywood, Nathan Fielding is directing his latest quirky marketing ploy, this one for a new housecleaning service.

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5:22am

Thu January 2, 2014
Planet Money

A Bet, Five Metals And The Future Of The Planet

Originally published on Wed January 8, 2014 11:24 am

James Cridland Flickr

This famous bet — between a biologist and an economist — was over population growth. It started three decades ago, but it helped set the tone for environmental debates that are still happening today.

The biologist at the heart of this bet was Paul Ehrlich at Stanford. He wrote a best-selling book in 1968 called The Population Bomb. It was so popular he appeared on The Tonight Show with Johnny Carson.

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11:42am

Wed January 1, 2014
Business

Colorado's Turning Over A New Leaf: Recreational Pot

Transcript

RENEE MONTAGNE, HOST:

And in this new year, Colorado is turning over a new leaf. State license retailers spent their New Year's Eve putting plant buds on shelves, stuffing baggies and rolling joints in preparation for what's being called Green Wednesday. Colorado is the first in the nation to regulate and control a recreational marijuana industry.

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9:29am

Wed January 1, 2014
Business

Most Economists Say Happy New Year — Really

Philips Lighting North America CEO and President Bruno Biasiotta rings the opening bell at the New York Stock Exchange on Tuesday.
Seth Wenig AP

As the new year begins, most economists' annual forecasts are brimming with good cheer.

"The economic news remains broadly encouraging," the Goldman Sachs forecasters write in their 2014 outlook.

And the brighter prospects are not limited to this country. "The global economy is likely to emerge in 2014 with modest growth of 3.3 percent compared with 2.5 percent this year," according to Nariman Behravesh, chief economist at the forecasting firm IHS Global Insight.

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6:45am

Wed January 1, 2014
Business

Las Vegas Company Offers Fix To Hangover

Originally published on Wed January 1, 2014 11:42 am

Transcript

RENEE MONTAGNE, HOST:

And today's last word in business is: Cure.

Because what happens in Vegas should stay there, like there hangover - if you celebrated New Year's Eve they are big time. A Las Vegas company called Hangover Heaven is offering much needed relief to midnight revelers with house calls and a walk-in clinic. The cure: an IV offering one and a half liters of hydration, plus a concoction of vitamins, antioxidants and headache medicine. $99 gets you the basic package called The Redemption.

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6:39am

Wed January 1, 2014
Business

Hewlett-Packard To Cut More Jobs

Originally published on Wed January 1, 2014 11:42 am

Transcript

RENEE MONTAGNE, HOST:

NPR's business news begins with Hewlett-Packard layoffs.

(SOUNDBITE OF MUSIC)

MONTAGNE: In a securities filing, the maker of computers and printers confirmed that it will cut 5,000 more jobs this year than it originally estimated. That would bring to 34,000 the number of jobs the company is planning to cut worldwide by October.

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