Business

3:40am

Tue February 12, 2013
Governing

Treasury Nominee's Citigroup Experience Raises Questions For Some

Originally published on Tue February 12, 2013 9:02 am

Jack Lew testifies before a House budget panel in 2011. The Senate Finance Committee is scheduled to consider Lew's nomination to be Treasury secretary on Wednesday.
J. Scott Applewhite AP

Jack Lew, the man President Obama has chosen to help oversee the country's biggest banks, has said it plainly — he's no expert on banking. Lew said as much when the Senate was vetting him to head the White House Office of Management and Budget in 2010.

Sen. Bernie Sanders, I-Vt., asked Lew if he thought deregulation of Wall Street caused the financial crisis. Lew said he didn't consider himself the best person to answer that question.

Read more

6:28pm

Mon February 11, 2013
The Salt

Less Potent Maker's Mark Not Going Down Smoothly In Kentucky

Originally published on Mon February 11, 2013 7:58 pm

With too little distilled bourbon to meet demand, Maker's Mark is lowering the product's alcohol content from 90 to 84 proof.
Ed Reinke AP

Kentucky is bourbon country. Bar shelves in Louisville are stocked with a crowded field of premium bourbons; the city's Theater Square Marketplace restaurant alone carries close to 170 different brands. So when news trickled out that longtime distillery Maker's Mark plans to water down its bourbon, locals were stunned.

Bourbon has to be aged at least two years — and that's where Maker's Mark got in trouble. Chief Operating Officer Rob Samuels says the company simply didn't make enough.

Read more

2:38pm

Mon February 11, 2013
Under The Label: Sustainable Seafood

Is Sustainable-Labeled Seafood Really Sustainable?

Originally published on Wed February 13, 2013 1:19 pm

Capt. Art Gaeten holds a blue shark that was caught during a research trip in Nova Scotia. Scientists are studying the impact of swordfish fishing methods on the shark population.
Dean Casavechia for NPR

Part one of a three-part series by Daniel Zwerdling and Margot Williams.

Rebecca Weel pushes a baby stroller with her 18-month-old up to the seafood case at Whole Foods, near ground zero in New York. As she peers at shiny fillets of salmon, halibut and Chilean sea bass labeled "certified sustainable," Weel believes that if she purchases this seafood, she will help protect the world's oceans from overfishing.

Read more

2:00pm

Mon February 11, 2013
Around the Nation

Gas, Oil Booms Bring Complications To Small Towns

Originally published on Mon February 11, 2013 3:39 pm

Transcript

NEAL CONAN, HOST:

This is TALK OF THE NATION. I'm Neal Conan in Washington. There's a new generation of boom towns across the American West sparked by the explosive growth of oil and natural gas. When these industries move in, small towns near the fields change almost overnight. Once-sleepy main streets suddenly boast improved schools, libraries and community centers. Quiet rural airports expand to take corporate jets. Restaurants and motels and hardware stores all thrive.

Read more

12:16pm

Mon February 11, 2013
The Two-Way

Cruise Ship Drifts In Gulf Of Mexico, Will Be Towed To Port

Originally published on Mon February 11, 2013 12:49 pm

In a photo from 1999, the Carnival Cruise line Carnival Triumph, foreground, arrives in Miami. Measuring 893 feet in length, the ship has been adrift in the Gulf of Mexico for more than 24 hours, after a fire hit its engines.
Andy Newman AP

More than 3,000 cruise ship passengers who thought they'd be heading home today have instead been told they'll remain in the Gulf of Mexico until Wednesday, stranded by an engine fire that set their ship, the Triumph, adrift. Onboard power and sewer system outages have been reported. The ship, which was 150 miles north of the Yucatan Peninsula when the fire struck early Sunday, has a crew of more than 1,000.

Read more

9:05am

Mon February 11, 2013
The Salt

Gastro-Nomics: Hunting for A Good Meal In Puerto Rico

Originally published on Mon February 11, 2013 3:27 pm

You'd think tropical fruit would be everywhere on a Caribbean island. But we had to search fairly hard to find these beauties.
Coburn Dukehart NPR

To be clear, the trip I took a couple of weeks ago to Puerto Rico with an NPR team was not about food. We headed down to the island to report on the economic and crime troubles that are driving people off the island and to Florida in record numbers. And though we did tons of advance research about census figures and crime statistics, none of us really looked up good places to eat.

In a tropical, Latin land, we assumed we'd be practically stumbling over savory local meals and exotic fruits.

Read more

5:36am

Mon February 11, 2013
Business

The Last Word In Business

Originally published on Mon February 11, 2013 11:41 am

Transcript

RENEE MONTAGNE, HOST:

Let's move on from pretzels to potato chips with our last word in business. Why not - as in - why not make potato chips that taste like chicken and waffles or cheesy garlic bread?

STEVE INSKEEP, HOST:

Or hot sauce? Why not? We imagine that's what someone at Lays Potato Chips said because these chip flavors are apparently real.

Read more

5:36am

Mon February 11, 2013
Business

Business News

Originally published on Mon February 11, 2013 11:41 am

Transcript

STEVE INSKEEP, HOST:

Let's take off as we begin NPR's business news.

Read more

5:36am

Mon February 11, 2013
Energy

U.S. Natural Gas Exports Stirs Debate

Originally published on Mon February 11, 2013 11:41 am

Transcript

STEVE INSKEEP, HOST:

Now, tomorrow President Obama delivers his State of the Union address, and may well discuss energy, as he did four years ago. But energy analyst Sarah Ladislaw says a daunting goal is getting trickier.

SARAH LADISLAW: This administration did not come in with small plans for energy markets or for energy policy. Their big plan was to try and de-carbonize the energy sector.

INSKEEP: Reduce carbon emissions by relying less on coal, oil and gas.

LADISLAW: Primarily done for the purpose of battling climate change.

Read more

3:33am

Mon February 11, 2013
Asia

Auntie Anne's Pretzels In Beijing: Why The Chinese Didn't Bite

Originally published on Mon February 11, 2013 11:41 am

The China Twist by Wen-Szu Lin chronicles the author's (ultimately unsuccessful) attempt to bring Auntie Anne's pretzels to China.
Courtesy

The lure of the China market is legendary. The dream: Sell something to 1.3 billion people, and you're set.

The reality is totally different.

Ask the MBAs from the University of Pennsylvania's Wharton School who tried to launch Auntie Anne's pretzels in China. The result is a funny, instructive and occasionally harrowing journey that is now the subject of a new book, The China Twist.

Read more

Pages