Business

5:03pm

Sat September 21, 2013
Economy

Stuck In Poverty Amid Signs Of Recovery

Originally published on Sat September 21, 2013 5:45 pm

Food distributed by the Manna Food Center is packed in cardboard boxes to be loaded into clients' cars.
Chloe Coleman NPR

For the third year in a row, the poverty rate has remained stuck at about 15 percent. Nearly one in six Americans was living in poverty in 2012, according to a new report by the Census Bureau. Despite a slow-moving economic recovery, these latest numbers show that for poor Americans, there are few signs of any recovery.

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7:46am

Sat September 21, 2013
Politics

What's Next In The Congressional Budget Showdown?

Originally published on Sat September 21, 2013 11:34 am

House Speaker John Boehner, R-Ohio, speaks at a Republican rally Friday after the House passed a measure that would temporarily fund the government while crippling President Obama's health care law. The Senate is not expected to follow suit.
J. Scott Applewhite AP

The House has passed a stopgap spending bill that would keep the government open through Dec. 15. It passed almost entirely along party lines: In addition to funding the government, it calls for defunding of the Affordable Care Act.

The White House has said President Obama would veto the bill, were it to come to his desk in this form. And it most likely won't. Democrats, who control the Senate, won't pass a bill that defunds Obamacare.

Which raises the question, now what?

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5:28am

Sat September 21, 2013
The Salt

Trader Joe's Ex-President To Turn Expired Food Into Cheap Meals

Originally published on Thu September 26, 2013 5:18 pm

Doug Rauch wants to take wholesome food that grocers have to throw away and cook and sell it as low-cost, prepared meals.
Bunnyhero Flickr

Here's some food for thought: One-third of the world's food goes to waste every year. In the U.S., about 40 percent of our food gets thrown out. It's happening on the farm, at the grocery store and in our own homes.

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5:55pm

Fri September 20, 2013
The Two-Way

BlackBerry To Slash Workforce Amid $1 Billion Loss

Originally published on Fri September 20, 2013 6:30 pm

BlackBerry CEO Thorsten Heins officially unveils the Z10 smartphone in January.
Timothy A. Clary AFP/Getty Images

BlackBerry on Friday issued an early earnings report accompanied by some bad news for its workers — a nearly $1 billion quarterly loss and a 40 percent layoff that amounts to about 4,500 employees.

The AP reports:

"The stock dropped 19 percent to $8.50 after reopening for trading. Shares had been halted pending the news.

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12:46pm

Fri September 20, 2013
All Tech Considered

Tech Week That Was: New iOS Design And Grand Theft Auto

Originally published on Fri September 20, 2013 1:47 pm

Grand Theft Auto V raked in more than $800 million in sales in its first 24 hours on the shelves.
Mario Tama Getty Images

It's time for the weekly roundup of what happened here on All Tech and on our airwaves, and a look back at the big conversations in technology.

ICYMI

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10:24am

Fri September 20, 2013
The Two-Way

Joy Covey, Who Was Key To Amazon.com's Success, Dies

"Joy Covey, who helped take Amazon.com Inc. public as the Internet retailer's chief financial officer, died Wednesday when her bicycle collided with a van on a downhill stretch of road in San Mateo County," the Los Angeles Times writes.

She was 50.

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4:47am

Fri September 20, 2013
Business

Hiroshi Yamauchi Dies At 85, Expanded Nintendo

Originally published on Fri September 20, 2013 6:58 am

In 1949, Hiroshi Yamauchi left school to take over Nintendo after his grandfather died. He made it a dominate force in the game industry. He retired as president in 2002. He died on Thursday in Japan.

4:47am

Fri September 20, 2013
Business

Nation's Largest Mortgage Provider Downsizes

Originally published on Fri September 20, 2013 6:47 am

Wells Fargo has told 1,800 employees their services will no longer be needed in the bank's mortgage unit. The bank already cut more than 2,000 jobs in that unit last month. Wells Fargo cites lower demand for refinancing because of higher mortgage rates.

4:40am

Fri September 20, 2013
Business

Why Companies And CEOs Rarely Admit To Wrongdoing

Originally published on Fri September 20, 2013 11:56 am

Transcript

RENEE MONTAGNE, HOST:

JPMorgan Chase will have to pay more than $900 million in fines for the way it handled the London Whale trading scandal. Last year, the company revealed that its traders in London had lost $6 billion, and then concealed the losses from executives.

While large fines aren't unusual, it is unusual that federal regulators forced the bank to admit to wrongdoing. But this is exactly what happened. NPR's Sonari Glinton has more.

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4:40am

Fri September 20, 2013
All Tech Considered

Female Fans Love New Grand Theft Auto Despite Demeaning Content

Originally published on Fri September 20, 2013 2:02 pm

A close view of the packaging of Grand Theft Auto V at the midnight opening at the HMV music store in London on Tuesday. It made history with a record $800 million in sales on its first day. This version continues to generate controversy over its glorification of violence, drugs and its demeaning portraits of women.
Leon Neal AFP/Getty Images

Grand Theft Auto made video game history this week: The latest version of the game had a record $800 million in sales on its first day. As with past versions, the game is generating controversy over its glorification of violence and drugs and its demeaning portrayal of women.

But around 15 percent of its fans are women, who find much to like about the game, even if they do have some ambivalence about it.

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