Business

3:46am

Thu September 12, 2013
Business

5 Years After Financial Crisis, Are Big Banks Still A Threat?

Originally published on Thu September 12, 2013 11:30 am

The headquarters of Lehman Brothers in Times Square in 2008, the year the financial services firm filed for bankruptcy.
Hiroko Masuike Getty Images

It's been five years since Lehman Brothers collapsed and touched off a banking crisis that is still being felt by the global economy. Today, the banking industry is a lot stronger than it was, but some critics say efforts to reform banking regulations have fallen short of their potential.

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3:43am

Thu September 12, 2013
Author Interviews

Tired Of Inequality? One Economist Says It'll Only Get Worse

Originally published on Thu September 12, 2013 9:57 am

Economist Tyler Cowen believes that income inequality in America is only increasing. His new book is called Average Is Over: Powering America Beyond the Age of the Great Stagnation.
Szasz-Fabian Ilka Erika iStockphoto.com

Economist Tyler Cowen has some advice for what to do about America's income inequality: Get used to it. In his latest book, Average Is Over, Cowen lays out his prediction for where the U.S. economy is heading, like it or not:

"I think we'll see a thinning out of the middle class," he tells NPR's Steve Inskeep. "We'll see a lot of individuals rising up to much greater wealth. And we'll also see more individuals clustering in a kind of lower-middle class existence."

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1:36am

Thu September 12, 2013
Media

Tina Brown To Leave The Daily Beast

Originally published on Thu September 12, 2013 9:41 am

The Daily Beast editor-in-chief Tina Brown plans to leave the website to produce live forums on news topics.
Nicholas Kamm AFP/Getty Images

Celebrity editor Tina Brown announced Wednesday that she's leaving The Daily Beast to launch her own media company. She has been a regular guest on Morning Edition. Brown, 59, plans to produce live forums on news topics.

Brown has edited some of the most prestigious publications: Vanity Fair, The New Yorker and Tattler. Five years ago, she helped found The Daily Beast — a news and opinion website. Now, the editor-in-chief says she's leaving to do what she calls "theatrical journalism" before live audiences.

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5:44pm

Wed September 11, 2013
The Salt

Pets Or Livestock? A Moral Divide Over Horse Slaughter

Originally published on Wed September 11, 2013 7:30 pm

Jamesport has the largest Amish community in Missouri, and horse-pulled buggies are often parked alongside cars. Horse owners in the state are divided over whether to allow horses to be killed for meat in the U.S.
Frank Morris for NPR

Few Americans eat horse meat, and many don't like the idea of slaughtering horses. But a handful of investors are struggling to restart the horse-slaughter industry in the U.S.

Thousands of American horses are already slaughtered in Mexico and Canada each year for their meat, which gets shipped to European and Asian markets.

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5:41pm

Wed September 11, 2013
All Tech Considered

Coming Soon: A Jolt Of Caffeine You Can Spray On Your Skin

Originally published on Wed September 11, 2013 6:16 pm

Sprayable Energy will be on sale in November, says its creator, Ben Yu.
Courtesy of Sprayable Energy

In our "Weekly Innovation" blog series, we explore an interesting idea, design or product that you may not have heard of yet. Do you have an innovation to share? Use this quick form.

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5:00pm

Wed September 11, 2013
All Tech Considered

Sexism In The Tech Industry Takes Center Stage

Originally published on Wed September 11, 2013 5:59 pm

TechCrunch's Disrupt 2012 conference in San Francisco. This year, two hackathon presentations ignited a firestorm.
Max Morse Getty Images

For women struggling to make inroads in the male-dominated tech industry, a few stunning situations this week have provided some extreme examples of what they're up against.

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4:39pm

Wed September 11, 2013
Economy

Five Years Later, Lehman Brothers Fall Still Stings

Originally published on Wed September 11, 2013 5:59 pm

Sept. 15 is the anniversary of collapse of Lehman Brothers, which many see as a watershed moment in the financial crisis. We look back at a time when fear and uncertainty gripped financial markets and policymakers around the world and drove the world economy into the Great Recession.

4:39pm

Wed September 11, 2013
Business

Verizon Makes Blockbuster Bond Sale To Buy Vodafone

Originally published on Wed September 11, 2013 5:59 pm

Transcript

AUDIE CORNISH, HOST:

Wall Street is buzzing about Verizon today. The telecommunications giant carried out the biggest sale in the history of the bond market, $49 billion worth of corporate bonds. Verizon will use the money to finance its recent mega deal with Vodafone.

As NPR's Jim Zarroli reports, the sale comes at a time when interest rates are rising. And companies that want to raise money can't afford to lose any time.

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2:01pm

Wed September 11, 2013
All Tech Considered

Court Decision Means Another Look At Google Street View Case

Originally published on Wed September 11, 2013 4:20 pm

An employee drives a Google Maps Street View car around Palo Alto, Calif. The U.S. Court of Appeals in San Francisco said Tuesday that Google went far beyond listening to accessible radio communication when it drew information from inside people's homes.
Paul Sakuma AP

The U.S. Appeals Court in San Francisco refused Tuesday to dismiss a lawsuit that accuses Google of violating federal wiretapping laws by collecting emails and data about people's Web surfing habits as the company's Street View cars crisscrossed the world.

Millions of people use unencrypted wireless networks in their homes to access the Internet. The lawsuit alleges Google's Street View cars were listening in to those digital conversations and making recordings of the traffic in violation of federal law.

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1:13pm

Wed September 11, 2013
The Two-Way

Chinese Premier Says Foreign Companies To Get 'Equal Treatment'

Originally published on Wed September 11, 2013 3:25 pm

Chinese Premier Li Keqiang (right) listens to Singapore's Prime Minister Lee Hsien Loong during a meeting last month.
How Hwee Young AP

Chinese Premier Li Keqiang has pledged to treat foreign multinational companies on a par with the country's own state-owned enterprises, but he warned that an economic rebound remains fragile.

Li, speaking at a business forum in the northeastern city of Dalian on Wednesday, cautioned that the global economic outlook was a "complex situation" and outlined a series of steps designed to keep the country on a moderate but sustainable growth path.

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