Business

5:39pm

Wed October 23, 2013
All Tech Considered

It's Easy To Blame The Canadians For HealthCare.gov Problems

Originally published on Wed October 23, 2013 6:43 pm

Heavy Internet traffic and system problems plagued the launch of the new HealthCare.gov insurance exchange site.
Karen Bleier AFP/Getty Images

President Obama is putting former CEO Jeff Zients in charge of the "tech surge" — the administration's emergency effort to fix the Web portal at the heart of the federal government's new health care market. But what about the contractors that built the system? What's their responsibility?

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1:07pm

Wed October 23, 2013
The Two-Way

Chinese Paper Makes Unprecedented Plea For Reporter's Release

Originally published on Wed October 23, 2013 5:55 pm

A woman reads the New Express newspaper with Wednesday's headline: "Please Release Him."
AFP/Getty Images

"Please Release Him."

That was the simple but startling front-page headline on Wednesday in New Express, a cutting-edge newspaper based in China's southern city of Guangzhou. "Him" is Chen Yongzhou, one of the paper's investigative journalists who New Express says was taken away by police after reporting "problems with the accounts" at Zoomlion Heavy Industries."

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11:41am

Wed October 23, 2013
Intelligence Squared U.S.

Debate: Should The U.S. Break Up Big Banks?

Originally published on Wed October 23, 2013 2:52 pm

Douglas Elliott (left) and Paul Saltzman argue against the motion "Break Up The Big Banks" in an Oxford-style debate on Oct. 16.
Samuel LaHoz Intelligence Squared U.S.
  • Listen To The Full Audio Of The Debate
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Too big to fail.

Those four words loomed large in 2008, as a crisis in the banking world threatened the global economy. Fears that the failure of large financial institutions would undermine the entire economic system led Congress to step in, passing a $700 billion bailout package.

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5:55am

Wed October 23, 2013
Business

ATM Maker Diebold Agrees To Settlement In Bribery Case

Originally published on Wed October 23, 2013 6:47 am

Transcript

STEVE INSKEEP, HOST:

NPR's business news starts with a rather large ATM fee.

(SOUNDBITE OF MUSIC)

INSKEEP: The Ohio-based ATM manufacturer Diebold has agreed to a $48 million settlement with the Securities and Exchange Commission and the Justice Department over bribery allegations. The company is accused of spending more than $3 million to bribe bank officials in China, Indonesia and Russia over a five-year period - a violation of the U.S. Foreign Corrupt Practices Act. Transcript provided by NPR, Copyright NPR.

5:19am

Wed October 23, 2013
Business

Is The JPMorgan Settlement Unfair?

Originally published on Wed October 23, 2013 6:47 am

The details are still being worked out, but JPMorgan Chase and the Justice Department have agreed to a $13 billion settlement that will close out numerous lawsuits. About $3 billion will go to compensate investors who lost money on securities from banks that JPMorgan acquired during the financial crisis. Federal prosecutors have agreed not to seek punitive damages against JPMorgan for losses related to those deals.

3:14am

Wed October 23, 2013
Technology

Happy Birthday, Copy Machine! Happy Birthday, Copy Machine!

Originally published on Wed October 23, 2013 2:37 pm

The first modern photocopy
Xerox

Copy machines can be found in every office, and most of us take them for granted. But 75 years ago, the technology that underpins the modern photocopier was used for the first time in a small apartment in Queens.

Inventor Chester Carlson used static electricity created with a handkerchief, light and dry powder to make the first copy on Oct. 22, 1938.

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3:12am

Wed October 23, 2013
Around the Nation

It's City Vs. Creditors In Detroit Bankruptcy Trial

Originally published on Wed October 23, 2013 12:46 pm

Detroit officially makes its case for bankruptcy before a federal judge on Wednesday. The city is currently saddled with $18 billion in long-term debt, and officials see bankruptcy as their only choice.
Paul Sancya AP

In Detroit on Wednesday, a federal trial begins that will determine whether that city is eligible for the nation's largest-ever municipal bankruptcy.

Hundreds of the city's creditors are lining up to oppose the bankruptcy, arguing that Detroit is violating Michigan's Constitution and that if officials tried harder they could find enough savings to pay the city's bills.

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6:26pm

Tue October 22, 2013
The Two-Way

Company To Offer $75,000 Balloon Rides To 'Near Space'

If you can't afford a trip into orbit as a space tourist aboard a cramped Russian Soyuz capsule (about $35 million) or a reservation on Virgin Galactic's SpaceShipOne (price tag: $250,000), World View Enterprises just might have the ticket: a leisurely high-altitude balloon ride for a less-than-stratospheric $75,000.

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4:54pm

Tue October 22, 2013
Media

Netflix Rebounds From 2011 Stumbles By Listening To Audience

Originally published on Tue October 22, 2013 7:13 pm

Transcript

AUDIE CORNISH, HOST:

We have a few more numbers for you now from a superstar tech company that stumbled painfully and publicly back in 2011 but appears to be on solid footing again. I'm talking about Netflix. Now, remember when the company changed its prices and divided its DVD rental and streaming services, and then quickly reversed course when customers howled?

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4:54pm

Tue October 22, 2013
Economy

Tepid September Jobs Report May Be Just What Markets Desire

Originally published on Tue October 22, 2013 7:13 pm

Transcript

AUDIE CORNISH, HOST:

From NPR News, this is ALL THINGS CONSIDERED. I'm Audie Cornish.

MELISSA BLOCK, HOST:

And I'm Melissa Block.

After a 16-day delay, the employment report for September was finally released today. The most anticipated report of the month was knocked off schedule by the government shutdown. And as NPR's John Ydstie reports, when it arrived this morning, it didn't quite live up to expectations.

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