Business

5:07am

Thu July 18, 2013
Business

Game Over For NCAA And Electronic Arts

Originally published on Thu July 18, 2013 7:45 am

Transcript

DAVID GREENE, HOST:

OK, for financial analysts, the Fed chairman's voice is certainly a familiar one. For sports nuts, football fans, video game players, there's this voice.

UNIDENTIFIED MAN #1: EA Sports. It's in the game.

GREENE: But that stamp might not be part of one game for much longer.

The NCAA announced Wednesday it is not renewing their contract with EA or Electronic Arts, the maker of the hugely popular college football video game series.

Here's NPR's Nathan Rott.

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5:07am

Thu July 18, 2013
Business

Wall Street Poised For Bernanke's Senate Panel Testimony

Originally published on Thu July 18, 2013 7:45 am

Federal Reserve Chairman Ben Bernanke continues his two-day monetary policy testimony on Capitol Hill. On Wednesday, the chairman appeared before the House Financial Services Committee.

5:07am

Thu July 18, 2013
Business

Intel's Earnings Are Down For 4th Straight Quarter

Originally published on Thu July 18, 2013 10:29 am

The computer chip maker is facing a tough reality with its latest earnings report. Intel's second quarter profit was down 29 percent compared to last year. One reason is that more and more consumers and businesses are switching from traditional computers to smart phones and tablets.

5:07am

Thu July 18, 2013
Television

'House of Cards' Picks Up 9 Emmy Nominations

Originally published on Thu July 18, 2013 10:55 am

The Netflix series is the first digitally distributed show to get nominated for a major category. For best drama, "House of Cards" joins nominees "Homeland," "Game of Thrones," "Breaking Bad," "Downton Abbey" and "Mad Men." Jon Weisman of Variety talks about the nominations, announced Thursday.

5:07am

Thu July 18, 2013
Politics

Congress Takes Renewed Aim At Fannie Mae, Freddie Mac

Originally published on Thu July 18, 2013 7:45 am

Transcript

RENEE MONTAGNE, HOST:

For the first time since the housing crash, lawmakers are getting serious about dismantling the mortgage giants Fannie Mae and Freddie Mac. They were rescued with $190 million bailout. Two prominent senators - a Democrat and a Republican - have a bill that's attracting some bipartisan support. A separate Republican bill is being introduced in the House today and a third may soon come from Democrats. NPR's Chris Arnold reports.

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5:07am

Thu July 18, 2013
Business

Nike Apologizes For Carolina Mix-Up

Originally published on Thu July 18, 2013 7:45 am

Transcript

RENEE MONTAGNE, HOST:

OK. Let's stick with the sports theme. Nike put out a new T-shirt for fans of North Carolina's pro-football team, the Carolina Panthers.

DAVID GREENE, HOST:

But there was a bit of a problem, which brings us to our last word in business: A map mishap.

MONTAGNE: The shirt design featured the Panthers logo with the letters NC - all framed by the outline of that other Carolina, South Carolina.

GREENE: Nike has apologized for this error and pulled the remaining shirts.

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5:23pm

Wed July 17, 2013
Planet Money

The 'Ask Your Uncle' Approach To Economics

Originally published on Wed July 17, 2013 7:11 pm

The Federal Reserve, home of the Beige Book.
Karen Bleier AFP/Getty Images

The Beige Book is weird. It's an economic report released by the Federal Reserve every few months, but it doesn't have many numbers in it. Mostly, it's a bunch of stories gathered by talking to businesses around the country. A Fed economist once described it as the "Ask Your Uncle" approach to figuring out what's going on in the economy.

In the Beige Book released today, for example, we learned that:

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5:22pm

Wed July 17, 2013
Politics

Congress Debates Taking A Step Back From The Mortgage Market

Originally published on Wed July 17, 2013 7:11 pm

The government took over mortgage giants Fannie Mae (seen in 2010) and Freddie Mac in 2008, during the worst of the housing crisis.
Win McNamee Getty Images

The mortgage giants Fannie Mae and Freddie Mac got hit so hard by the housing crisis that they required a massive federal rescue. Now lawmakers are looking to scale back the two entities' role — and the government's — in the mortgage market.

The Senate Banking Committee is expected to vote Thursday on President Obama's nominee to head the agency that oversees Fannie and Freddie.

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4:31pm

Wed July 17, 2013
The Two-Way

'We're Here To Stay' Says Newly Confirmed Consumer Watchdog

Originally published on Wed July 17, 2013 7:11 pm

Richard Cordray, director of the Consumer Financial Protection Bureau.
Ron Sachs/pool Getty Images

One day after his two years in limbo ended and he was confirmed by the Senate as head of the Consumer Financial Protection Bureau, Richard Cordray told NPR that though political bickering held up his nomination he now believes he has bipartisan support for the bureau's work.

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2:51pm

Wed July 17, 2013
All Tech Considered

Clever Hacks Give Google Glass Many Unintended Powers

Originally published on Wed July 17, 2013 8:55 pm

Stephen Balaban has re-engineered his Google Glass to allow for facial recognition.
Courtesy of Stephen Balaban

At Philz Coffee in Palo Alto, Calif., a kid who looks like he should still be in high school is sitting across from me. He's wearing Google Glass. As I stare into the device's cyborg eye, I'm waiting for its tiny screen to light up.

Then, I wait for a signal that Google Glass has recognized my face.

It isn't supposed to do that, but Stephen Balaban has hacked it.

"Essentially what I am building is an alternative operating system that runs on Glass but is not controlled by Google," he said.

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