Business

5:25am

Mon May 6, 2013
Author Interviews

Journalist Robert Kaiser Chronicles Financial Overhaul Bill

Originally published on Mon May 6, 2013 8:01 am

The economic crisis in 2008 led to a massive overhaul of financial regulations. Journalist Robert Kaiser was given behind-the-scenes access to congressional reaction to the crisis. He saw that even with the threat of another Great Depression, Capitol Hill remained mired in dysfunction. NPR's Linda Wertheimer talks to Kaiser about his book, Act of Congress: How America's Essential Institution Works, And How It Doesn't.

5:25am

Mon May 6, 2013
Business

Spice Girls Musical To Close Early

Originally published on Mon May 6, 2013 6:48 am

Transcript

DAVID GREENE, HOST:

Now our last word in business. Critics and ticketholders wanted something more from the Spice Girls musical. So the last word in business today is: sad spice.

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5:25am

Mon May 6, 2013
Business

eBay CEO: Web Sales Tax Would Create 'Administrative Burden'

Originally published on Mon May 6, 2013 6:07 am

David Greene talks to eBay CEO John Donahoe about the political battle over online sales tax. On Monday, the Senate is expected to vote on a bill that would end the free ride that consumers have enjoyed when shopping online. The Marketplace Fairness Act would require online retailers to collect sales tax from customers, and pay them to states where customers live — just like brick and mortar stores.

3:45am

Mon May 6, 2013
Around the Nation

Chicago's Famed Field Museum Struggles To Dig Out Of A Hole

Originally published on Mon May 6, 2013 8:25 pm

"Sue," the Tyranosaurus rex skeleton, is one of the most famous exhibits at Chicago's Field Museum of Natural History
John Zich AFP/Getty Images

The economy may be on the rebound, but many cultural institutions are still struggling to regain their financial footing. That's especially true for one of the country's most recognized museums — the Field Museum of Natural History in Chicago. Known internationally for its research as well as its exhibits, the Field Museum must pay off millions in bond debt — and toe an ethical line as it does.

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3:42am

Mon May 6, 2013
Around the Nation

Port Of Baltimore Seeks Boost From Panama Canal Expansion

Originally published on Mon May 6, 2013 11:59 am

The Port of Baltimore recently completed a major expansion, which included building a 50-foot berth and dredging the channel. It's in anticipation of increased traffic following the completion of a project to widen the Panama Canal.
Jonathan Blakely NPR

There is constant motion around four new supersized, Chinese-made cranes as they unload cargo from a ship at the Port of Baltimore's freshly constructed Seagirt Marine Terminal.

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6:02am

Sat May 4, 2013
Children's Health

Bulletproof Whiteboards And The Marketing Of School Safety

Originally published on Sat May 4, 2013 8:58 pm

This type of bulletproof whiteboard, produced by the Maryland company Hardwire, has been purchased by a Minnesota school district.
Hardwire, LLC

A recent news item out of Minnesota caught our eye: "Bulletproof Whiteboards Unveiled at Rocori Schools."

Bulletproof what? Where?

That would be whiteboards, at the small central Minnesota Rocori School District, which will spend upward of $25,000 for the protective devices produced by a company better known for its military armor products.

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4:28pm

Fri May 3, 2013
The Two-Way

Dow Hits 15,000 For The First Time; Closes Just Shy Of The Mark

Originally published on Fri May 3, 2013 4:55 pm

Traders work on the floor of the New York Stock Exchange after the morning bell on May 1.
Spencer Platt Getty Images

The stock market continues its winning streak: The Dow Jones hit another milestone today, tapping 15,000 for the first time, but closing just shy of the milestone.

This, of course, follows good news about the job market released by the Bureau of Labor Statistics.

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3:54pm

Fri May 3, 2013
Business

New U.S. Trade Representative Faces Big Challenges Abroad

Originally published on Fri May 3, 2013 8:28 pm

Transcript

MELISSA BLOCK, HOST:

Expanding trade abroad is a high priority for President Obama. This week, he nominated a trusted adviser named Michael Froman to become the next U.S. trade representative. Froman is currently deputy national security adviser for international economic affairs. NPR's Wendy Kaufman reports on the challenges he would face as trade representative.

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2:05pm

Fri May 3, 2013
The Two-Way

Employment Numbers Tell Us A Lot (But Not That Much)

Originally published on Fri May 3, 2013 5:17 pm

The nation's unemployment rate hit a four-year low of 7.5 percent and the job market improved last month. Friday's news helped push the Dow Jones industrial average above 15,000 for the first time.

Was that a rational response?

Although the jobs report for April was positive, what triggered the market reaction was the fact that it was better than expected. Instead of 145,000 jobs created, as most economists predicted, the Labor Department says there were 165,000 new jobs.

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1:27pm

Fri May 3, 2013
Economy

Reality Check: Strapped States Cutting Unemployment Benefits

California saw unemployment benefit cuts of 18 percent go into effect this week, reducing checks for more than 400,000 people.
Douglas Dickens iStockphoto.com

The jobs report for April showed some improvement — but not much — in the unemployment rate and the total number of unemployed workers.

It's not great news for people looking for work, and it's also not great for states. After years of persistently high unemployment, states have drained their unemployment trust fund accounts.

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