Business

4:14pm

Wed August 7, 2013
The Salt

Bring Home The Bacon Or Put It In A Meat Locker?

Originally published on Fri August 9, 2013 12:44 pm

Time for a meat locker? One Flickr user's freezer after purchasing a large share of a pig.
Cowgirl Jules via Flickr

Why buy 1 pound of hamburger meat from a local farmer when you can buy 5 pounds — plus another 20 pounds of stew meat, steaks and roast — for as little as half the price of what it all goes for at the market?

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2:52pm

Wed August 7, 2013
The Salt

After Immigration Bust, Herb Grower Tries A New Path

Originally published on Wed August 7, 2013 10:58 pm

Ted Andrews, CEO of HerbCo International, says the H-2A agricultural guest worker program needs improvements.
Liz Jones for NPR

The ongoing immigration debate in Congress often spotlights the job market for people living in the U.S. illegally. Not long ago, that market included one of the country's top organic herb farms — until an immigration bust forced the business, based in Washington state, to clean up its payroll.

Ted Andrews, owner of HerbCo International, says he's learned some tough lessons during the transition to a legal workforce. Lesson No. 1: "There are events that can destroy a business in the snap of a finger," he says. "This was one of them."

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11:24am

Wed August 7, 2013
The Two-Way

Freddie Mac Earns $5 Billion In 3 Months; To Pay U.S. $4.4 Billion

Originally published on Wed August 7, 2013 11:54 am

Freddie Mac racked up a $5 billion profit in the second quarter, the mortgage backer said in its quarterly report Wednesday. The earnings are the second-highest in the history of Freddie Mac, which has now extended its streak of profitable quarters to seven in a row.

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5:48am

Wed August 7, 2013
All Tech Considered

Amazon Enters Art World; Galleries Say They Aren't Worried

Originally published on Wed August 7, 2013 11:35 am

Amazon said its new art marketplace will provide access to more than 40,000 works of art from at least 150 galleries and dealers.
Amazon.com

Local record and book shops have been disappearing as the market for music and literature moves online. In the past few years, there's been a growth in sites that sell fine art on the Internet. On Tuesday, Amazon joined that market. But in this case, many brick and mortar galleries aren't seeing the Internet as a threat.

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5:12am

Wed August 7, 2013
Business

Cardboard Cutout Is An Effective Police Officer

Originally published on Wed August 7, 2013 7:46 am

At a subway and bus station in Cambridge, Mass., transit police planted the cutout to watch over the bike racks. Bike thefts are down 67 percent.

5:12am

Wed August 7, 2013
Business

DOJ Files Civil Charges Against Bank Of America

Originally published on Wed August 7, 2013 6:01 am

Transcript

RENEE MONTAGNE, HOST:

The Justice Department is bringing civil charges against one of the nation's largest banks. The government alleges that Bank of America made false statements about the quality of home loans it sold off to investors, $850 million worth of loads. The Justice Department move is the latest in a series of cases being brought against financial firms.

NPR's Chris Arnold has been following all of this and joins us now. Good morning.

CHRIS ARNOLD, BYLINE: Good morning, Renee.

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5:12am

Wed August 7, 2013
Business

Want To Be A Chicken Farmer? Try It Before You Commit

Originally published on Wed August 7, 2013 5:24 am

The idea of raising backyard chickens has become very popular. But people who follow through on the idea don't always know what they are getting into. So a few companies are letting would-be chicken farmers try out the experience — for a fee.

5:12am

Wed August 7, 2013
Business

Tensions Flare Over Rock Of Gibraltar

Originally published on Wed August 7, 2013 5:24 am

Once again, Spain and Britain are at odds over a tiny limestone peninsula at Europe's southern tip — Gibraltar. It's physically attached to Spain but has been a British territory for 300 years. Now some Spaniards want it back.

5:12am

Wed August 7, 2013
Politics

Obama Focuses On Making Home Ownership More Accessible

Originally published on Wed August 7, 2013 5:24 am

President Obama is in California, where he'll visit Marines at Camp Pendleton. On Tuesday, he spoke about housing in Phoenix. Among other items, he talked about winding down Fannie Mae and Freddie Mac, the companies that guarantee most long-term fixed-rate mortgages in the U.S.

5:12am

Wed August 7, 2013
Business

Bezos' Resources Could Go A Long Way For 'The Post'

Originally published on Wed August 7, 2013 9:41 am

News that Jeff Bezos, the founder and CEO of Amazon, is buying The Washington Post for $250 million took many in the news media and publishing industries by surprise. For more insight into Bezos, David Greene talks to BusinessWeek senior writer Brad Stone. He is the author of an upcoming book: The Everything Store: Jeff Bezos and the Age of Amazon.

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