Business

2:51am

Tue October 15, 2013
Around the Nation

One Roof, Many Generations: Redefining The Single-Family Home

Originally published on Mon October 28, 2013 10:12 am

Three generations live under this roof: (from left) 19-year-old Jamie Dusseault, grandmother Jacque Ruggles, mother Marci Dusseault and 22-year-old Chelsie Dusseault.
Peter O'Dowd KJZZ

New homes are back in a big way — literally. This summer, a typical new house in Phoenix was more than 20 percent larger than a resale home as builders across the country added more space to accommodate post-recession lifestyles.

Take Jacque Ruggles' family, for example. Four women from three generations live under one roof.

"I'm the matriarch," Ruggles says. "I'm grandma."

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2:37am

Tue October 15, 2013
All Tech Considered

A Company's Tweets Can Help Make It Creditworthy

Originally published on Tue October 15, 2013 1:25 pm

Courtesy of Kabbage

For many online and other small businesses, getting a loan or a big cash advance is tough. Banks and other traditional lenders are often leery of those without years of financial statements and solid credit scores.

But some lenders and other financial services companies are beginning to assess credit risk differently — using criteria you might not expect.

Jeffrey Grossman is an acupuncturist in Bellingham, Wash. He's also a small businessman. He creates media marketing materials for other acupuncturists hoping to expand their practice.

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5:31pm

Mon October 14, 2013
The Two-Way

Today Is The Last Day For The 'International Herald Tribune'

Originally published on Tue October 15, 2013 12:49 am

An image showing the final front page of The International Herald Tribune, published Monday Oct. 14. The newspaper will become The International New York Times Tuesday.
New York Times

Monday marks the last day of newsstand sales of the International Herald Tribune, the newspaper that was once instrumental in keeping American expatriates up to date on their homeland. On Tuesday, the paper will bear a new name: The International New York Times.

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5:02pm

Mon October 14, 2013
Economy

Three Americans Win Nobel Economics Prize

Originally published on Mon October 14, 2013 6:19 pm

Transcript

MELISSA BLOCK, HOST:

This is ALL THINGS CONSIDERED from NPR News. I'm Melissa Block.

The Nobel Memorial Prize in Economics went to three American professors today. In announcing the honor, the Royal Swedish Academy of Sciences said the men all contribute to our understanding of how markets price things like stocks and homes. But as NPR's Dan Bobkoff reports, that doesn't mean the three economists always agree.

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5:02pm

Mon October 14, 2013
World

Lac-Mégantic Blast Leaves Impact On Town, Rail Industry

Originally published on Mon October 14, 2013 6:19 pm

Crews are scrambling to clean up toxic contamination in Lac-Mégantic, Quebec, and many locals have been forced out of their homes and businesses for at least a year.
Brian Mann NCPR

Three months ago, a train carrying American crude oil derailed and exploded in the heart of Lac-Mégantic, Quebec, killing 47 people.

Local leaders now say recovering from the disaster will take much more time, effort, and money than they expected.

Industry experts say the accident could change the way oil and other dangerous chemicals are transported on trains in North America.

An Empty Village

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2:10pm

Mon October 14, 2013
All Tech Considered

'Menstrual Man' Had An Idea To Help Indian Women

Originally published on Fri October 18, 2013 3:02 pm

Arunachalam Muruganantham installs his machine in a village in Chhattisgarh, India.
Amit Virmani

Arunachalam Muruganantham had his light bulb moment when he was 29 years old, and holding a sanitary napkin for the first time.

Examining the cotton pads he was buying as a gift for his new wife, the Indian entrepreneur realized that the multinational company that produced them was probably spending cents on raw materials, and making a huge profit.

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9:45am

Mon October 14, 2013
Planet Money

Economics Nobel: Nobody Knows What Stocks Are Going To Do Today

The Nobel Foundation

If you want to honor today's Nobel laureates in economics, turn off CNBC and ignore everyone who says they know what the stock market is going to do today, tomorrow, or next week.

The award went to three economists — Eugene F. Fama, Lars Peter Hansen and Robert J. Shiller — for their work studying asset prices.

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9:12am

Mon October 14, 2013
The Two-Way

Americans Win Economics Nobel For Interpreting Stock Prices

Three American professors have won the 2013 Nobel Prize for Economics for their work in identifying long-term trends in the prices of stocks and bonds, based in part on analyzing the role of risk.

Professors Robert J. Shiller of Yale University and Eugene F. Fama and Lars Peter Hansen, both of the University of Chicago, won "for their empirical analysis of asset prices," the Royal Swedish Academy said in announcing the honor Monday.

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7:46am

Mon October 14, 2013
Business

3 American Economists Win Nobel Prize

Transcript

STEVE INSKEEP, HOST:

OK, the Nobel Memorial Prize in economics was awarded today to three American men - Eugene Fama, Lars Peter Hansen, Robert Shiller. The Nobel committee cited their research in the predictability of stock prices, as well as other asset prices. We're going to find out more now from Zoe Chace of NPR's Planet Money team. She's on the line. Hi, Zoe.

ZOE CHACE, BYLINE: Hi, Steve.

INSKEEP: Each of these guy's names is a little familiar, I think to the layman, especially maybe Shiller. Who are they?

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7:29am

Mon October 14, 2013
Europe

Three U.S. Economists Win Nobel Prize

Americans Eugene Fama, Lars Peter Hansen and Robert Shiller won the Nobel prize for economics on Monday for developing new methods to study trends in asset markets.

The Royal Swedish Academy of Sciences said the three had laid the foundation of the current understanding of asset prices.

While it's hard to predict whether stock or bond prices will go up or down in the short term, it's possible to foresee movements over periods of three years or longer, the academy said.

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