Business

12:05pm

Fri November 22, 2013
All Tech Considered

Tech Week That Was: Video Gaming, Bitcoin And Landlines

There's a growing market for digital currencies like Bitcoin. A Sydney pub, seen here, is taking Bitcoins as payment for drinks.
Cameron Spencer Getty Images

Wow, suddenly we're at the end of the week already. If you missed the conversations about digital life and technology in the headlines and on NPR, here's a look back.

ICYMI

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7:07am

Fri November 22, 2013
It's All Politics

Wal-Mart Food Drive Unwittingly Fuels Talk Of Minimum Wage Hike

Originally published on Fri November 22, 2013 10:51 am

Dozens of people protest for better wages outside a Los Angeles Wal-Mart store on Nov. 7.
Lucy Nicholson Reuters/Landov

Wal-Mart's pay practices have long been targeted by advocates of America's working poor.

So it was no surprise that it became national news when the discount retailer, the nation's biggest employer, asked workers at an Ohio store to contribute to a holiday food drive — for fellow workers.

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5:07am

Fri November 22, 2013
Health Care

California Will Not Extend Canceled Health Policies

Originally published on Fri November 22, 2013 5:45 am

California has rejected President Obama's offer to extend canceled health insurance policies. The board that oversees the state's health insurance marketplace voted unanimously Thursday to let canceled policies expire. The board said it didn't want to confuse consumers and disrupt the state's surge in enrollment.

4:33am

Fri November 22, 2013
Business

Government To Sell Its Remaining GM Shares

Originally published on Fri November 22, 2013 7:23 am

The Treasury Department announced on Thursday that the U.S. government will sell its remaining 31 million shares in GM by the end of the year. The government received the stock when it bailed out GM during the financial crisis.

4:33am

Fri November 22, 2013
Business

Because Of Noise, Bar To Raise Drinking Age To 25

Originally published on Fri November 22, 2013 7:28 am

Phil's Crummy Corner, a bar in Brooklyn, announced it is raising its drinking age to 25. The restaurant manager told local news site DNA Info that the age limit will only be in place on weekend nights. It's an attempt to keep out loud and rowdy late night crowds.

4:33am

Fri November 22, 2013
Business

As Inequality Grows, Swiss To Vote On Curbing Executive Pay

Originally published on Fri November 22, 2013 12:12 pm

Members of the Swiss trade union Unia, supporting a referendum to limit the pay of executives to 12 times that of a company's lowest-paid employee, demonstrate in Zurich in August.
Arnd Wiegmann Reuters/Landov

Switzerland may be known for watches, wealth and secretive bank accounts, but increasingly people believe that not everyone is reaping their share of the country's economic well-being.

So on Sunday, the Swiss will vote on a referendum that would limit a CEO's pay to 12 times that of the company's lowest-paid worker.

The youth wing of the Social Democratic Party collected the 100,000 signatures necessary to turn the measure, known as the 1:12 initiative, into a national referendum.

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4:33am

Fri November 22, 2013
Business

Federal Regulators Crack Down On Payday Advances

Originally published on Fri November 22, 2013 5:45 am

Consumer advocates are hailing a decision by federal regulators to crack down on so called deposit advances — a type of payday loan offered by some banks. Going forward, banks will not be allowed to let their customers take deposit advances more than once a month, or take them in consecutive months.

3:00am

Fri November 22, 2013
Planet Money

A Bitcoin Insider On Crime, Congress And Satoshi Nakamoto

Originally published on Fri November 22, 2013 11:48 am

This is not a bitcoin.
eagleapex's posterous Flickr

For more on what Bitcoin is and how it works, see our story "What Is Bitcoin?"

Gavin Andresen is chief scientist at the Bitcoin Foundation. I first talked with him about Bitcoin, the virtual currency, back in 2011. I checked back in with him this week, because so much has been going on with Bitcoin lately.

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6:31pm

Thu November 21, 2013
The Two-Way

Prepare For Cabin Noise: FCC May End Ban On Phones During Flights

Originally published on Thu November 21, 2013 8:59 pm

The new head of the Federal Communications Commission proposes allowing airline passengers to make phone calls during flights. Here, a passenger looks at her cellphone before a flight last month.
Matt Slocum AP

The Federal Communications Commission is proposing a change to allow travelers to make phone calls as they fly on jetliners in the U.S. The agency's new chairman, Tom Wheeler, calls the current ban on the use of cellphones during flights "outdated and restrictive."

Here's a statement from Wheeler that was released Thursday:

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5:17pm

Thu November 21, 2013
The Two-Way

Dow Jones Index Closes Above 16,000 For First Time

Originally published on Thu November 21, 2013 5:42 pm

For the first time in its history, the Dow Jones industrial average closed above 16,000 points Thursday. The index of 30 stocks touched the mark earlier this week, when a trader was photographed at the New York Stock Exchange.
Andrew Burton Getty Images

The Dow Jones industrial average tacked on 109 points Thursday for a gain of less than 1 percent. But the small rise brought a big milestone, as the industrial index closed above 16,000 for the first time in its history. The index had touched the mark earlier this week but fell short by the day's end.

Today, the Dow closed at 16,009.99.

The historic moment for the benchmark index that tracks 30 leading U.S. companies came on a day that began with positive economic news.

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