Business

5:38pm

Tue December 17, 2013
All Tech Considered

How This Bay Area Tech Boom's Different From The Last One

Originally published on Tue December 17, 2013 9:22 pm

San Francisco's median home price hit $1 million this year.
Patrick Shyu Flickr

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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4:59pm

Tue December 17, 2013
20 Years Of NAFTA

What Has NAFTA Meant For Workers? That Debate's Still Raging

Originally published on Wed December 18, 2013 12:31 am

An auto worker tightens bolts on a Focus at a Ford plant in Michigan in October. Labor unions predicted in 1993 that NAFTA would send many U.S. manufacturing jobs to Mexico, and they continue to argue that the pact prompted a race to the bottom for workers.
Mira Oberman AFP/Getty Images

Two decades ago, the strongest critics of the North American Free Trade Agreement were members of labor unions. They warned that the trade deal would mean the loss of manufacturing jobs to Mexico and lower wages for U.S. workers.

Today, 20 years since NAFTA's passage, unions feel as strongly as ever that the deal was a bad idea.

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4:59pm

Tue December 17, 2013
Business

GlaxoSmithKline To Stop Paying Doctors To Promote Its Drugs

Originally published on Wed December 18, 2013 12:31 am

Transcript

MELISSA BLOCK, HOST:

Today, one of the biggest drug companies in the world announced changes to its marketing practices. GlaxoSmithKline says the idea is to be more transparent about how it sells its drugs. Among the changes, the company will stop paying doctors to tout its products to other doctors.

As NPR's Yuki Noguchi reports, the public interest community says this is a step in the right direction for an industry that's faced many legal problems.

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4:17pm

Tue December 17, 2013
All Tech Considered

In A Divided San Francisco, Private Tech Buses Drive Tension

Originally published on Wed December 18, 2013 12:31 am

Protesters in San Francisco block a Google bus, which shuttles employees from the city to its location in Silicon Valley.
cjmartin Flickr

Part of a series on income inequality in the San Francisco Bay Area

If you want to understand the tension between tech workers in San Francisco, who often make six figures, and many of the city's other residents, try standing on the southwest corner of 24th Street and Valencia around 7:30 on a weekday morning.

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1:49pm

Tue December 17, 2013
The Two-Way

Report: 6.4 Million U.S. Homes Still Have Negative Equity

Originally published on Tue December 17, 2013 3:00 pm

A realty sign in front of a home in The Lakes neighborhood in Las Vegas. Nevada, which was hit hard by the housing bust five years ago, remains the state with the highest number of homes with negative equity.
Isaac Brekken AP

Although most of the housing indicators have been looking up recently, there are still about 6.4 million homes with "underwater" mortgages, in which the homeowner owes the bank more than the house is worth.

According to the CoreLogic Equity Report, "nearly 6.4 million homes, or 13 percent of all residential properties with a mortgage, were still in negative equity at the end of the third quarter."

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1:09pm

Tue December 17, 2013
All Tech Considered

Almost All Tech Execs At White House Supported Obama Campaign

Originally published on Tue December 17, 2013 5:51 pm

Chad Dickerson, chief executive of Etsy, was among the group of tech leaders visiting the White House. He gave $500 to the Obama campaign.
Etsy

President Obama just wrapped up a meeting with high-tech luminaries at the White House, focusing on an agenda of how to clean up HealthCare.gov, and how to stop the snooping by the National Security Agency from continuing to cast a pall over high-tech profits.

The group has a lot to discuss. On Monday, a federal judge ruled that the NSA's collection of millions of telephone records may be unconstitutional.

Here's who was invited.

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12:06pm

Tue December 17, 2013
Money Coach

There Is A 'Softer' Way To Budget Yourself

Originally published on Wed December 18, 2013 1:17 am

Transcript

MICHEL MARTIN, HOST:

I'm Michel Martin, and this is TELL ME MORE from NPR News. Coming up, we'll talk about holiday parties - specifically, how to handle your business, whether you are with family, friends or colleagues; and equally important, how to handle people who might not know how to handle their own business. That's in just a few minutes.

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4:34am

Tue December 17, 2013
Business

Mexico Opens Its Energy Sector To Private Investment

Originally published on Wed December 18, 2013 12:30 am

Transcript

DAVID GREENE, HOST:

Over the weekend, the majority of states in Mexico ratified constitutional changes that will allow foreign investment in Mexico's oil sector for the first time in decades.

Here's more from NPR's Carrie Kahn.

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4:34am

Tue December 17, 2013
Business

Glaxo To Stop Paying Doctors To Promote Drugs

Originally published on Wed December 18, 2013 12:30 am

Transcript

LINDA WERTHEIMER, HOST:

NPR's business news starts with new rules for Glaxo.

(SOUNDBITE OF MUSIC)

WERTHEIMER: The head of British - the British drug maker GlaxoSmithKline, told The New York Times yesterday that the company will stop paying doctors to promote its drugs. Pharmaceutical firms commonly pay physicians to speak at medical conferences - a practice criticized as a conflict of interest.

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4:34am

Tue December 17, 2013
Business

Italian Police Arrest 4 In Holiday Extortion Case

Originally published on Wed December 18, 2013 12:30 am

Transcript

DAVID GREENE, HOST:

And today's last word in business is a Christmas con.

Just when we want to be thinking about generosity around the holidays, a story of extortion.

LINDA WERTHEIMER, HOST:

Police in Italy have arrested four alleged mafia gangsters for forcing shop owners to buy poinsettias for as much as $140 each. Owners who refused to partake in the Christmas special would have their shops vandalized.

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