We're also tracking a story that federal authorities call one of the biggest credit card fraud rings in U.S. history. Eighteen people are alleged to have created an elaborate web of fake identities and sham companies to steal hundreds of millions of dollars.
You may have heard about 3-D printing, a technological phenomenon that uses a robotic arm to build objects one layer at a time. As people get imaginative and create items in a one-stop-shop fashion, one more creation has been added to the printing line: gun parts.
On the West Side of Manhattan, behind large glass windows, a dozen 3-D printers build plastic toys and jewelry. Hilary Brosnihan, a manager at 3DEA, an events company that sponsored a print pop-up store, says things are moving rapidly.
With no government ties, Bitcoin is used to buy everything from blogging services to Brooklyn-made cupcakes. Theoretically, millions of dollars are being kept in the digital currency, and it's increasingly being used by specialized online gambling websites. But is Bitcoin gambling legal?
Purely in the interests of journalism, I decided to get my hands on some of the currency. When I did so, Bitcoin, which has been around for a few years now, was fetching around $17 on most exchange sites. It has since risen to more than $20.
As beer drinkers demand increasingly obscure beers with ingredients like jalapenos or rhubarb, smaller and smaller breweries are stepping up to the plate. New Hampshire is one state helping these brewery startups get off the ground, with new laws that make it easier for small-scale breweries to obtain licenses and distribute their craft beers.
The Justice Department said Tuesday it could seek more than $5 billion in damages from Standard & Poor's, the nation's biggest credit ratings company, a day after it sued the company, alleging that S&P defrauded investors by giving triple-A ratings to risky subprime mortgage investments.
Fifteen years ago, Denis Gagnon bought a company that made a product nobody really liked: hand dryers. But he quickly managed to turn Massachusetts-based Excel Dryer into an innovator with the Xlerator — a high-speed dryer that cut drying time from more than 30 seconds to less than 15.
Computer maker Dell is going private in a $24 billion deal that highlights the changing fortunes of the PC industry. The buyout is being led by company founder Michael Dell, software giant Microsoft and the private equity firm Silver Lake Partners.
From NPR News, this is ALL THINGS CONSIDERED. I'm Audie Cornish.
ROBERT SIEGEL, HOST:
And I'm Robert Siegel.
President Obama met with business and labor leaders today at the White House. He's trying to build a broad coalition in support of revamping immigration laws. The two sides haven't always seen eye to eye on immigration. But this year, on this issue, they're mostly working together on the issue. We'll hear more in a moment about the evolution of organized labor's position.
From a death in the music world, now to something of a rebirth.
(SOUNDBITE OF MUSIC)
SIEGEL: Muzak, best known for its inoffensive, unobtrusive, ultra-bland music is changing its brand name. The company announced today that it will now be known as Mood, after Muzak's owner, Mood Media. It's chairman and CEO said in a statement that this marked the end of an iconic American brand, or as fast company put it, the musical equivalent of white bread.