Business

3:07am

Fri August 9, 2013
Planet Money

Tourre Juror: 'We Saw Goldman As The Bigger Problem'

Originally published on Fri August 9, 2013 12:06 pm

Fabrice Tourre, outside the courtroom. "We didn't feel any malice toward him," one of the jurors said.
Richard Drew AP

Beth Glover was a juror on the trial of former Goldman Sachs trader Fabrice Tourre. When the lawyers were discussing the mortgages tied to the securities at the center of the case, Glover realized that, for all intents and purposes, they were talking about her mortgage.

"When they were looking at the subprime mortgage groupings, I think I would have been in one of those," Glover told me. "I didn't have as great as FICO score at that time."

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3:04am

Fri August 9, 2013
All Tech Considered

On Vine, Brands Look To Deliver Their Message In Six Seconds

Originally published on Fri August 9, 2013 12:06 pm

Jethro Ames uses the camera on his smartphone to take six- second videos on Vine. He's produced clips for various companies like GE Appliances and MTV.
Daniel Hajek NPR

Try telling a story in six seconds. With the social media app Vine, owned by Twitter, users are doing just that. They're creating everything from artistic pieces to random comedy sketches in six-second videos that loop endlessly.

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3:03am

Fri August 9, 2013
Business

The Changing Story Of Teens And Cars

Originally published on Mon August 19, 2013 5:29 pm

To teens today, cars aren't important in the same way they were in American Graffiti, the 1973 film directed by George Lucas.
Lucasfilm/Coppola Co/Universal

This is the first of a series of stories produced in collaboration with Youth Radio on the changing car culture in America.

When you're a teenager, there are many things you desperately want to find: friends, fun, a future, freedom.

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5:20pm

Thu August 8, 2013
Business

Fannie Mae Posts $10 Billion Profit In Second Quarter

Originally published on Thu August 8, 2013 6:56 pm

Transcript

AUDIE CORNISH, HOST:

From NPR News, this is ALL THINGS CONSIDERED. I'm Audie Cornish.

MELISSA BLOCK, HOST:

And I'm Melissa Block.

Today, mortgage giant Fannie Mae announced it made a $10 billion profit this past spring. That's a remarkable turnaround considering the government had to bail out Fannie Mae, along with Freddie Mac, when the housing bubble burst five years ago. It's certainly good news for taxpayers. It's also good news for homebuyers who count on the two companies to back most of the country's home loans.

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5:20pm

Thu August 8, 2013
Television

Why Hasn't The Internet Blown Up Cable TV's Business Model?

Originally published on Thu August 8, 2013 6:56 pm

Transcript

MELISSA BLOCK, HOST:

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

AUDIE CORNISH, HOST:

And I'm Audie Cornish.

Since Friday, CBS has been off the air for millions of Time Warner Cable customers. The two sides are fighting over how much Time Warner pays to carry CBS. Then a remarkable thing happened. Time Warner offered to unbundle the TV network, meaning only customers who want it would pay for it. That's close to blasphemy in the cable business and CBS quickly shot down the idea.

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4:53pm

Thu August 8, 2013
The Two-Way

Email Service Allegedly Used By Edward Snowden Is Shut Down

Originally published on Thu August 8, 2013 6:17 pm

The free email service Lavabit allowed users to send encrypted emails.
Lavabit

The email service allegedly used by "NSA leaker" Edward Snowden is no more.

The owner and operator of Lavabit, which encrypts communication between two people, shut down the site and left a cryptic message on its homepage.

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3:51pm

Thu August 8, 2013
Found Recipes

Don't Let The Price Of Pine Nuts Keep You From Pesto

Originally published on Fri August 16, 2013 5:10 pm

Julia della Croce says pistachio pesto is an economical — and delicious — alternative when Italian pine nuts can cost up to $120 per pound.
Nathan Hoyt Courtesy of Julia della Croce

Basil is growing thick and leafy in many backyard gardens throughout the U.S. right now, which means many people are thinking about pesto. It's one of the more basic sauces you can make — in addition to basil, all you need is Parmesan or Romano cheese, a little garlic, some extra virgin olive oil and Italian pine nuts.

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11:42am

Thu August 8, 2013
The Two-Way

'New York Times' Is Not For Sale, Sulzberger Says

Originally published on Thu August 8, 2013 12:37 pm

Ramin Talaie Getty Images

Responding to speculation that his newspaper would be next, New York Times Publisher and Chairman Arthur Sulzberger Jr. has issued a flat "the Times is not for sale" statement.

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9:48am

Thu August 8, 2013
The Two-Way

Fannie Mae Books $10.1 Billion In Second-Quarter Profits

Originally published on Thu August 8, 2013 11:05 am

Driven by a recovery in the U.S. housing market, mortgage finance giant Fannie Mae netted profits of $10.1 billion in the second quarter, its sixth-straight quarter with positive results. The company, which has operated under federal conservatorship since 2008, reported its earnings Thursday.

Fannie Mae cited "a significant increase in home prices in the quarter," which nearly doubled that of last year's second quarter.

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8:53am

Thu August 8, 2013
The Two-Way

Weekly Jobless Claims Hold Steady

Originally published on Thu August 8, 2013 10:54 am

The scene at a job fair in Manhattan earlier this year.
Mario Tama Getty Images

There were 333,000 first-time claims for unemployment insurance last week, the Employment and Training Administration says. Claims were up 1.5 percent from the previous week's 328,000 — and basically remained at the lower end of the range where they've stayed for the better part of the last two years.

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