Business

4:11am

Wed October 16, 2013
Asia

China Gives Mesaured Response To Possible U.S. Default

Originally published on Wed October 16, 2013 5:58 am

China is the biggest foreign holder of U.S. debt — totaling more than $1.3 trillion. Chinese media are using the American budget struggle as an implicit justification for China's system.

2:58am

Wed October 16, 2013
The Salt

Arkansas Aims To Make Edamame As American As Apple Pie

Originally published on Wed October 16, 2013 2:31 pm

An Arkansas company is trying to cash in on an edamame boom in the U.S.
Will Merydith Flickr

Irene Adams cooks supper for husband, Luke, and 2-year-old son, Cole, at their home in Fayetteville, Ark. She used to serve lots of green beans, but switched to edamame after tasting it at a local restaurant.

"[Cole] used to split his green beans and take out the little seeds inside," Adams says. "So I told Luke we should try edamame, because it's bigger seeds and has more flavor, so that's why we decided to try it and he loves it."

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2:55am

Wed October 16, 2013
Business

There's A New Kind Of Sign Spinner In Town

Originally published on Wed October 16, 2013 12:15 pm

YouTube

Want to get cash for gold, buy furniture, find a tanning salon or rent an apartment? You could look those things up online, but in many cities if you just drive around, you probably won't have to go far before you see a person spinning a giant sign that will point you in the right direction.

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7:07pm

Tue October 15, 2013
It's All Politics

Shutdown Diary: Hope Turns Into Wall Street Warning

Wisconsin Rep. Paul Ryan, the House Budget Committee chairman, walks to a GOP meeting Tuesday.
Evan Vucci AP

Day 15 of the government shutdown started with as much promise as any recently: There was a bipartisan proposal by Senate leaders to reopen the government and raise the debt ceiling.

But any hopes were quickly dashed when leaders of the Republican-controlled House said they would offer a competing proposal because of their dissatisfaction with the Senate effort.

The Senate's Bipartisan Proposal

The Senate agreement between Harry Reid, D-Nev., and Mitch McConnell, R-Ky., came after weekend negotiations.

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6:21pm

Tue October 15, 2013
Business

The IRS Can't Take Your Questions. It Will Take Your Return

IRS offices around the country, like this one in Brooklyn, N.Y., have been closed since the partial government shutdown began two weeks ago. While the agency continues to cash checks from payees, refunds, audits and most other operations are suspended.
Spencer Platt Getty Images

Tuesday, Oct. 15,is the filing deadline for the roughly 12 million Americans who received an extension on their 2012 taxes. And having 90 percent of its staff furloughed in the partial government shutdown doesn't mean the IRS doesn't want your money.

"The IRS is shut down, but the tax law is never shut down," says Joshua Blank, professor of tax practice and faculty director of New York University Law School's Graduate Tax Program.

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5:26pm

Tue October 15, 2013
The Two-Way

Fitch Places U.S. Under Review For A Credit Downgrade

Originally published on Wed October 16, 2013 5:58 am

Fitch Ratings, one of the big three credit ratings agencies, issued a warning shot today, saying that while it affirmed the United States' AAA credit rating, it was placing it on "rating watch negative."

In other words, it was placing the country's long-term credit rating under review for a potential downgrade.

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5:02pm

Tue October 15, 2013
Food

Even Before The Shutdown, Food Supply Regulated Itself

Originally published on Tue October 15, 2013 6:12 pm

Transcript

ROBERT SIEGEL, HOST:

Over the past few weeks, a debate has raged here in Washington about the U.S. food supply. The big question: Is the government shutdown making our food less safe. Since October 1st, both the FDA and the Centers for Disease Control and Prevention have had to furlough workers, and that includes some workers involved in the inspection of food processing plants and who monitor outbreaks of food-borne illness.

NPR's Allison Aubrey joins us now. Hi, Allison.

ALLISON AUBREY, BYLINE: Hi there, Robert.

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4:08pm

Tue October 15, 2013
U.S.

What Happens If Congress Can't Make A Deal On The Debt?

Originally published on Wed October 16, 2013 6:10 pm

A biker rides past the U.S. Capitol on Monday. Lawmakers are negotiating over plans to raise the federal debt ceiling amid warnings that the government soon won't be able to pay its debts in full.
Mark Wilson Getty Images

If you don't pay your electric bill on time, you'll probably get charged a buck or two in interest. As long as you pay off the balance in a reasonable amount of time, your lights will stay on.

So why is it such a big deal that the Treasury Department may soon be unable to pay all of its bills on time?

U.S. Treasury securities are used as both currency and collateral for countless financial transactions around the world. Think dozens per minute.

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12:08pm

Tue October 15, 2013
The Salt

Brooks Brothers Steakhouse: How's That For Tasteful Shopping?

Originally published on Tue October 15, 2013 1:41 pm

The Brooks Brothers store on Madison Avenue in New York is planning to open a 15,000-square-foot restaurant next door.
Stan Honda AFP/Getty Images

Here's a way to stop hungry shoppers from leaving the store for dinner.

Brooks Brothers, the 195-year-old luxury apparel company, is looking to open a restaurant next summer next to its flagship store in Manhattan, a company spokesman tells NPR. The New York Post reports that the restaurant will be a steakhouse — a fitting culinary accompaniment for the purveyor of fine business suits for the moneyed set, we think.

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11:55am

Tue October 15, 2013
Economy

Is The U.S. In A Debt Crisis?

Transcript

MICHEL MARTIN, HOST:

This is TELL ME MORE from NPR News. I'm Michel Martin. You might've been hearing the name Malala Yousafzai. She is the Pakistani teenager who was shot at point-blank range by Taliban extremists a year ago because she dared to speak up about her desire to go to school. She has made a remarkable recovery. She is in the U.S. now. I spoke with her a few days ago and we'll bring you a portion of that conversation a little later in the program.

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