Business

4:48am

Fri March 8, 2013
Business

Ally Financial Only Big Bank To Fail Fed's Test

Originally published on Fri March 8, 2013 11:50 am

Transcript

STEVE INSKEEP, HOST:

Some other news. The country's biggest banks are in much better shape than before the financial crisis, at least according to the Federal Reserve's third round of so-called stress tests.

NPR's Dan Bobkoff reports.

DAN BOBKOFF, BYLINE: The tests simulate a nightmare scenario: How would the banks fare if unemployment topped 12 percent, stock prices were cut in half and housing values fell 20 percent? We all know what happened five years ago when a crisis was more than hypothetical.

Read more

4:39am

Fri March 8, 2013
Business

The Last Word In Business

Originally published on Fri March 8, 2013 11:50 am

Transcript

STEVE INSKEEP, HOST:

And today's last word in business is this: Lego becomes Legd'oh!

The Wall Street Journal says the Danish company Lego is interested in licensing "The Simpsons." In the long-running cartoon series, a remarkably similar toy company called Blocko makes an appearance in a couple of episodes.

(SOUNDBITE OF TV SHOW, "THE SIMPSONS")

(SOUNDBITE OF MUSIC)

YEARDLEY SMITH: (as Lisa Simpson) I kind of want to create my own thing. Do you sell any just plain sets?

Read more

4:39am

Fri March 8, 2013
Business

Business News

Originally published on Fri March 8, 2013 11:50 am

Transcript

STEVE INSKEEP, HOST:

NPR's business news starts with the shuffle on the top for Pandora.

(SOUNDBITE OF MUSIC)

INSKEEP: Pandora is the popular music streaming service. And the company's CEO announced, yesterday, he's stepping down. Joseph Kennedy's announcement came as a surprise to many people. The company just reported better-than-expected quarterly earnings. But Kennedy says after nine years on the job he needs to get to a recharging station. He speaking metaphorically, of course, but who knows, someday people may actually do that.

Read more

4:39am

Fri March 8, 2013
Economy

Employment Data Expected To Show Modest Improvement

Originally published on Fri March 8, 2013 3:43 pm

Transcript

STEVE INSKEEP, HOST:

It's MORNING EDITION, from NPR News. I'm Steve Inskeep. Good morning on this Friday. Let's talk a little more deeply about the surprisingly strong jobs report that came out today. NPR's Yuki Noguchi is here with the numbers. Hi, Yuki.

YUKI NOGUCHI, BYLINE: Good morning.

INSKEEP: OK. So what does the Labor Department say happened in the labor market in February?

Read more

2:17am

Fri March 8, 2013
Planet Money

If A Driverless Car Crashes, Who's Liable?

Originally published on Fri March 8, 2013 12:25 pm

Who's on the hook?
Eric Risberg AP

Some number of years from now, the technology may exist for cars to drive themselves. This could save thousands of lives a year (90 percent of fatal car accidents involve human error).

But getting the technology right won't be enough. Governments and courts will have to figure out lots of new legal and regulatory issues. One key question: If a driverless car crashes, who's liable?

Read more

2:04am

Fri March 8, 2013
Technology

News Corp. Education Tablet: For The Love Of Learning?

Originally published on Mon March 18, 2013 1:32 pm

Joel Klein, former New York City schools chief, left to run News Corp.'s education division. On Thursday, Amplify announced a specially designed education tablet.
Richard Drew AP

The educational division of the media conglomerate News Corp., called Amplify, unveiled a new digital tablet this week at the SXSW tech conference in Austin, Texas, intended to serve millions of schoolchildren and their teachers across the country.

Amplify promises the tablet will simplify administrative chores for teachers, enable shy children to participate more readily in discussions, and allow students to complete coursework at their own pace while drawing upon carefully selected online research resources.

Read more

4:59pm

Thu March 7, 2013
Business

787 Batteries May Be Fixable, But Planes Won't Get Off The Ground Anytime Soon

Originally published on Thu March 7, 2013 6:13 pm

Boeing's Dreamliner 787s remain grounded. And neither investigators nor Boeing can say exactly what caused a battery fire on a Japan Airlines jet. Nevertheless, Boeing thinks it has a fix, and while the Federal Aviation Administration is poised to allow Boeing to begin proving the redesign will be effective, the planes won't be back in service anytime soon.

4:57pm

Thu March 7, 2013
Around the Nation

Shuttered Meat Packing Plant Could Be A Sign Of Things To Come In Texas

Originally published on Thu March 7, 2013 6:13 pm

Transcript

AUDIE CORNISH, HOST:

It's ALL THINGS CONSIDERED from NPR News. I'm Audie Cornish.

MELISSA BLOCK, HOST:

And I'm Melissa Block. The city of Plainview, Texas has been a center of the cattle industry for decades. But a few weeks ago, after more than 40 years in operation, Plainview's beef processing plant shut its doors. Plant owners blame years of drought and the dwindling supply of cattle. As Mose Buchele reports from member station KUT, the closure could be a preview of things to come for the Texas plains.

Read more

3:54pm

Thu March 7, 2013
Planet Money

The Scariest Jobs Chart Ever Isn't Scary Enough

Originally published on Fri March 8, 2013 12:18 pm

Calculated Risk

One of the defining graphs of our time (yes, there are defining graphs of our time) comes from the blog Calculated Risk. It tracks the job market in every U.S. recession and recovery since WWII — and it shows just how brutal the the past few years have been.

Business Insider calls this the Scariest Jobs Chart Ever. But the Scariest Jobs Chart Ever isn't quite scary enough.

Read more

2:18pm

Thu March 7, 2013
Economy

Social Mobility: Is The American Dream Slipping Away?

Originally published on Thu March 7, 2013 2:34 pm

Transcript

LYNN NEARY, HOST:

This is TALK OF THE NATION. I'm Lynn Neary, in Washington. Neal Conan is away. It's an American story as old as Horatio Alger: Hard work, determination and presto, you can change your station in life. But increasingly many Americans find themselves stuck where they are on the economic ladder, that American dream just out of reach.

Read more

Pages