Business

3:16pm

Tue September 3, 2013
The Salt

Now A Test Can Tell If Your Pricey Cup Of Cat Poop Coffee Is Fake

Originally published on Thu September 5, 2013 1:25 pm

A civet cat eats red coffee cherries at a farm in Bondowoso, Indonesia. Civets are actually more closely related to meerkats and mongooses than to cats.
Ulet Ifansasti Getty Images

From gross to gourmet. That pretty much sums up civet poop coffee.

The beans are literally harvested from the feces of the tree-dwelling civet cat in Indonesia. The idea is that a trip through the animal's digestive tract partially ferments the beans and imparts a much-sought-after flavor to the coffee.

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12:19pm

Tue September 3, 2013
Planet Money

The Nobel Laureate Who Figured Out How To Deal With Annoying People

Originally published on Tue September 10, 2013 5:22 pm

"I've been wrong so often I don't find it extraordinary at all," Ronald Coase told us last year.
University of Chicago

Update, Sept. 4: We added the audio for David Kestenbaum's radio obituary of Ronald Coase.

If you created the world as a simple economic thought experiment, companies wouldn't exist. Instead, everybody would work for themselves, and they'd be constantly selling their labor (or the fruits of their labor, or use of their tools, or whatever) to the highest bidder. Wages would rise and fall every day (every hour! every second!) depending on supply and demand. That's how the market works, after all.

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12:15pm

Tue September 3, 2013
Money Coach

Managing Money: There's An App For That

An endless number of personal finance apps help consumers keep track of their money. Host Michel Martin speaks with Lisa Gerstner of Kiplinger's Personal Finance, about the different options for tracking savings and spending on mobile devices.

11:57am

Tue September 3, 2013
Technology

Software Helps Keep Your Shopping In Check

Transcript

MICHEL MARTIN, HOST:

Continuing our conversation about personal finance, we just talked about apps like Mint and how people are using them to keep tabs on their personal finances, but Omar Green and his new software company want to take it even further to help you make good decisions about your money. And let's just say you might not need to call mom quite so often. We'll let him explain. Omar Green is the CEO and cofounder of wallet.AI and he's with us now to tell us more. Welcome, thanks so much for joining us.

OMAR GREEN: Thanks for having me.

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11:57am

Tue September 3, 2013
Economy

Syria: The Money Effect

The uncertain future of American military action in Syria is causing ripple effects in the world market. Host Michel Martin speaks with economic reporter Sudeep Reddy of The Wall Street Journal, about the relationship between the Syrian conflict and oil.

7:23am

Tue September 3, 2013
The Two-Way

For Microsoft, Nokia's Phones Are 'Key To Everything'

Originally published on Tue September 3, 2013 12:52 pm

That's a Nokia Lumia 820 smartphone snapping an image of a Windows icon.
Dado Ruvic Reuters/Landov

Here's why Microsoft says its $7.2 billion deal to buy Nokia's smartphone business as well as that company's patents and services makes sense.

"It all starts with the phone," writes PCWorld, in a piece that analyzes why "the phone is key to everything."

According to the magazine:

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5:39am

Tue September 3, 2013
Business

New York's Dairy Farmers Squeezed By Greek Yogurt Boom

Originally published on Tue September 3, 2013 2:01 pm

The recent yogurt boom of upstate New York has meant more jobs in places like the Chobani plant in South Edmeston, but it has not led to a bigger dairy herd in the state.
Mike Groll AP

Upstate New York has lugged around the Rust Belt identity for decades now.
But today, the region is trying on a new reputation as the king of yogurt — especially the high-protein Greek yogurt that consumers crave.

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5:37am

Tue September 3, 2013
Business

Verizon Buys Out Vodafone To Acquire Wireless Company

Originally published on Tue September 3, 2013 10:54 am

Transcript

(SOUNDBITE OF THEME MUSIC)

STEVE INSKEEP, HOST:

NPR News business news starts with Verizon in total control.

At least for the wireless network. Yesterday, we told you Verizon was on the way to approving one of the biggest deals in the history of the telecommunications business. And now we can tell you the deal is sealed. The company will pay $130 billion in cash and stock to the British company Vodafone to acquire Vodafone's share of their joint wireless venture.

NPR's Jim Zarroli reports.

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5:29am

Tue September 3, 2013
Business

Will Microsoft's Nokia Deal Shake Up Mobile?

Originally published on Tue September 3, 2013 1:30 pm

Nokia was the only large phone manufacturer in the world to commit to selling phones running Microsoft's operating system. Now Microsoft is buying Nokia's mobile phone business.
Timothy Clary AFP/Getty Images

Nokia was once the largest mobile phone manufacturer in the world, the most valuable company in Europe and an icon in its home base of Finland. But the rise of Apple and Android smartphones knocked the company on its heels.

Now comes news that Microsoft is buying Nokia's mobile phone business for $7.2 billion. NPR's Steve Henn answers some questions about the deal.

So what is Microsoft getting here?

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5:15am

Tue September 3, 2013
Business

Lava Lamp Turns 50

Originally published on Tue September 3, 2013 10:54 am

Transcript

STEVE INSKEEP, HOST:

OK. Our last word in business has to be said just the right way. The word is: Groovy. But you have to say it this way - groovy baby.

RENEE MONTAGNE, HOST:

Groovy...

(LAUGHTER)

MONTAGNE: ...baby. Well, in the '60s, the grooviest thing around was the Lava Lamp. And we're mentioning it just now because it turns 50 today.

INSKEEP: Groovy. The fluorescent lamp, with its hypnotic moving liquid blob center, helped to define the psychedelic era. It first hit stores in Britain on this day in 1963.

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