Business

4:42am

Wed July 17, 2013
Business

Hasbro Cuts Off Funding To National Scrabble Association

Originally published on Wed July 17, 2013 6:54 am

The company had spent millions of dollars supporting the independent group. The National Scrabble Association played a support role for the Scrabble community for more than 25 years. It worked with Merriam-Webster to create an official dictionary, and it refereed tournaments. Hasbro is now taking over those duties.

4:42am

Wed July 17, 2013
Europe

Civil Servants In Greece 'Sit-In' To Fight For Their Jobs

Originally published on Wed July 17, 2013 7:57 am

Greece's two largest unions held a general strike and anti-austerity demonstrations on Tuesday. Now, the country's parliament will debate and vote on deep civil service cuts. Greece must downsize the public sector in order for it to keep getting international bailout loans.

4:42am

Wed July 17, 2013
Business

Fed Chairman Ben Bernanke To Address Members Of Congress

Originally published on Wed July 17, 2013 6:50 am

It's semi-annual testimony time for Federal Reserve Chairman Ben Bernanke. Sounds dry but lots of people will be hanging on his every word these next two days. Markets have been on a wild ride since Bernanke delivered a news conference last month. In that speech he laid out plans to scale back the Fed's bond-buying program.

4:42am

Wed July 17, 2013
Business

Rising Interest Rates Worry Banking Industry

Originally published on Wed July 17, 2013 5:08 am

Five years after the start of the financial crisis, the U.S. banking industry continues to earn strong profits. On Tuesday, Goldman Sachs became the latest big bank to report better than expected earnings. But rising interest rates mean a riskier environment for banks.

5:03pm

Tue July 16, 2013
Business

'Living Wage' Laws Create Both Winners And Losers

Originally published on Tue July 16, 2013 8:00 pm

Transcript

AUDIE CORNISH, HOST:

To learn more about these living wage bills throughout the country, we're joined by David Neumark. For years, he studied the effects of living wage laws, and he directs the Center for Economics and Public Policy at the University of California at Irvine. Welcome to the program.

DAVID NEUMARK: Thanks for having me.

CORNISH: So, first, some context. How does the living wage differ from what we're all more familiar with, the minimum wage?

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4:53pm

Tue July 16, 2013
Business

D.C. Wage Rift Puts Spotlight On Wal-Mart's Urban Push

Originally published on Tue July 16, 2013 8:00 pm

The scene in a Wal-Mart store in Alexandria, Va. Cities are a key growth area for retailers since suburbs are already saturated with big-box stores.
AP

Wal-Mart's long-standing plans to come to Washington, D.C., are now up in the air. The City Council passed a living wage law that would require the world's largest retailer to pay $12.50 an hour, more than the city's current $8.25 minimum wage.

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4:49pm

Tue July 16, 2013
The Salt

Can Oysters With No Sex Life Repopulate The Chesapeake Bay?

Originally published on Tue July 16, 2013 8:00 pm

Young oysters live on old oyster shells and slowly mature while forming a complete shell.
Astrid Riecken Washington Post/Getty Images

The Chesapeake Bay once supplied half the world's oyster market. But pollution, disease and over-harvesting have nearly wiped out the population. It's a dire situation that's united former adversaries to revive the oyster ecosystem and industry.

Scientists and watermen have joined forces to plant underwater farms in the bay with a special oyster bred in a lab. Called triploid oysters, they have been selected for attributes like disease tolerance and fast growth.

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12:45pm

Tue July 16, 2013
The Salt

Local Sake: America's Craft Brewers Look East For Inspiration

Originally published on Tue July 16, 2013 1:29 pm

Yoed Anis, president of the Texas Sake Company, says "the only constraint holding us back" from faster growth is the absence of a sufficient and consistent rice supply.
Courtesy Texas Sake Company

Most of us are familiar with that hot, musky-smelling, cloudy drink served in teacups at sushi bars and sometimes called, erroneously, "rice wine." In other words, most of us have had bad sake.

But finally, Americans are learning to love the good stuff.

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12:15pm

Tue July 16, 2013
Business

Weather Puts A Damper On Coca-Cola Sales

Coca-Cola sales have slowed, in part because of the weather. The company says global soda sales rose by only 1 percent in the second quarter — less than expected. Coke's CEO cited rain and cold temperatures in the U.S., which seems to have put a damper on consumers' desire for a refreshing soft drink.

10:56am

Tue July 16, 2013
The Salt

Community Supported Agriculture: How Big Is Too Big?

Originally published on Tue July 16, 2013 12:43 pm

Grant Family Farms in northern Colorado launched an organic CSA in 2007 and eventually attracted 5,000 members. But it went bankrupt in 2012.
Grace Hood KUNC

The peak of the summer harvest is approaching, which means that if you have a community supported agriculture share, you may be receiving a daunting amount of fresh produce to cook every week.

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