Business

4:42am

Wed November 6, 2013
Business

Seattle Suburb Backs Higher Minimum Wage

Originally published on Wed November 6, 2013 6:54 am

Transcript

STEVE INSKEEP, HOST:

A pay hike for thousands is at the top of NPR's business news.

(SOUNDBITE OF MUSIC)

RENEE MONTAGNE, HOST:

In the Seattle suburb of SeaTac, supporters of a ballot initiative implementing a $15 hourly minimum wage are declaring victory. The measure would benefit some 6,300 workers in the travel and hospitality industries around Seattle's main international airport.

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4:42am

Wed November 6, 2013
Business

Google's Barge Provokes Wild Expectations

Originally published on Wed November 6, 2013 8:25 am

A mysterious barge stacked with shipping containers is docked at a pier on Treasure Island in San Francisco Bay. It's owned by Google but Google isn't revealing the reason the barge is there. The barge has captured the imagination of people around the globe.

4:42am

Wed November 6, 2013
Business

Twitter's IPO Managed Differently Than Other Tech Stocks

Originally published on Wed November 6, 2013 5:38 am

What makes an initial public offering a success? Twitter is going the old school route, pricing its shares modestly in hopes of a pop in early trading. The company will go public on Thursday, and the banks they've hired to help are some of the oldest and most well established in the country.

4:42am

Wed November 6, 2013
Politics

Obama To Visit Dallas To Smooth Bumps In Health Care Sign-Up

Originally published on Thu November 7, 2013 9:47 am

Transcript

RENEE MONTAGNE, HOST:

It's MORNING EDITION, from NPR News. Good morning. I'm Renee Montagne.

STEVE INSKEEP, HOST:

And I'm Steve Inskeep. Today, President Obama meets some of the volunteers trying to sign up Americans for health insurance. The volunteers work in Texas, where the president is traveling.

MONTAGNE: The trip to Dallas is partly to raise money for Democratic Senate candidates, and partly the promote the new health care law. But in Dallas, it's hard to miss the current gap between that law's ambition and its current execution.

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4:42am

Wed November 6, 2013
Business

Sprecher Slams High-Speed Electronic Exchanges

Originally published on Wed November 6, 2013 5:26 am

The CEO of the firm that's about to take over the New York Stock Exchange has criticized alternative market trading. Jeffrey Sprecher said equity markets, including the NYSE, allow sophisticated traders to take advantage of small investors. He added such models are destined to fail and that people outside the markets have a sense things aren't fair.

3:03am

Wed November 6, 2013
Planet Money

I Applied For An Online Payday Loan. Here's What Happened Next

Originally published on Wed November 6, 2013 5:06 pm

eTaxLoan.com

Payday lenders made about $49 billion in high-interest loans last year. More than a third of those loans were made online. I wondered what happens when you apply for such a loan, so I decided to find out.

In the course of reporting a story earlier this year, I logged on to a site called eTaxLoan.com and filled out an application.

I asked for $500 and, to be safe, I made up an address, a name (Mary) and a Social Security number. The site asked for more sensitive stuff — a bank account number and a routing number — and I made that up, too.

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3:02am

Wed November 6, 2013
Around the Nation

Starbucks Is Latest Company Aiming To Help Vets Land Jobs

Originally published on Wed November 6, 2013 9:22 am

Seattle coffee giant Starbucks says the company will hire at least 10,000 veterans or their spouses over the next five years.
Mario Tama Getty Images

In recent years, companies ranging from JPMorgan Chase to Walmart to Boeing have announced special hiring programs for veterans. Seattle coffee giant Starbucks is the latest.

All of these companies are trying to bring down a stubbornly high unemployment rate for veterans of the Iraq and Afghanistan wars. But to succeed, companies have to take the time to understand the skills of service members.

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6:14pm

Tue November 5, 2013
Around the Nation

Silenced By Status, Farm Workers Face Rape, Sexual Abuse

Originally published on Tue November 5, 2013 6:36 pm

Maricruz Ladino packs lettuce in a cooler in Salinas, Calif.
Grace Rubenstein Center for Investigative Reporting

This is part one of a two-part report about sexual assault of agricultural workers in the U.S.

Even though it's a warm day in California's Salinas Valley, Maricruz Ladino looks like she's going ice fishing.

"I look like a tamale — so many layers!" she says in Spanish.

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5:14pm

Tue November 5, 2013
The Two-Way

Apple's Decision To Make Glass In Arizona Will Create Hundreds Of Jobs

Apple has bought a factory in Arizona that will be re-purposed to make sapphire glass. The material is used in the iPhone 5s, seen here, as well as in the wristwatch industry.
Andy Wong AP

Technology giant Apple is buying a large manufacturing space in Arizona, where high-tech glass for its devices will be produced. The move is being hailed in Arizona, where the economy remains slowed by the U.S. housing market crisis.

From Phoenix, Mark Moran of member station KJZZ reports for our Newscast unit:

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12:56pm

Tue November 5, 2013
All Tech Considered

One Reason Twitter's Confident About Its Ad Possibilities

Twitter announced that it has set a price range for its initial public offering between $17 and $20 per share and hopes to sell 70 million shares.
Justin Sullivan Getty Images

One of the big questions facing social media giant Twitter ahead of its New York Stock Exchange debut this week is how much money it could actually make for investors.

"We have incurred significant operating losses in the past, and we may not be able to achieve or subsequently maintain profitability," the company writes, in its business prospectus.

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