Business

10:09am

Tue April 16, 2013
The Two-Way

IMF Lowers 2013 Economic Growth Forecasts

Originally published on Tue April 16, 2013 12:30 pm

The IMF says economic woes in places like Cyprus will tamp down global growth.
Patrick Baz AFP/Getty Images

The International Monetary Fund has lowered its projections for global economic growth, including in the United States, citing sharp cuts in government spending and the struggling eurozone.

The Washington, D.C.-based international lender's World Economic Outlook shaved its 2013 forecast to 3.3 percent from 3.5 percent. It also trimmed its projection for 2014 to 4 percent from 4.1 percent.

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8:51am

Tue April 16, 2013
The Two-Way

Housing Starts Surged In March, Pace Is Fastest In 5 Years

Originally published on Tue April 16, 2013 12:52 pm

A home under construction in Provo, Utah, earlier this year.
George Frey Landov

There was a 7 percent surge in housing starts last month, the Census Bureau and Department of Housing and Urban Development report.

As The Associated Press notes, the pace of construction — 1.04 million starts, at an annual rate — is the fastest in nearly five years and is another sign that the housing sector continues to recover from its 2007-08 crash.

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5:29am

Tue April 16, 2013
Business

Business News

Originally published on Tue April 16, 2013 2:04 pm

Transcript

STEVE INSKEEP, HOST:

NPR's business news begins with gold losing some of its glitter.

(SOUNDBITE OF MUSIC)

INSKEEP: The explosions in Boston and a report showing China's economy to be slowing caused upheaval in many markets yesterday. But gold took the spotlight when its price dropped by more than 9 percent by the end of trading. This is the sharpest daily decline in the gold price in 30 years. Analysts say it suggests investors are losing faith in the precious metal as a safe haven.

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5:29am

Tue April 16, 2013
Business

The Last Word In Business

Originally published on Tue April 16, 2013 2:04 pm

Transcript

STEVE INSKEEP, HOST:

And today's last word in business is Pulitzer - or Pulitzer, as they used to pronounce it when I was growing up in Indiana.

Yesterday, the Pulitzer Prize winners were announced. The New York Times led the way, taking four awards for its reporting.

DAVID GREENE, HOST:

And in the arts category, this year marked the return of the prize for fiction. No winner was chosen in 2012. This year, Adam Johnson took the fiction prize for his book, "The Orphan Master's Son."

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5:29am

Tue April 16, 2013
Business

Bankruptcy Affects More Than Patriot Coal's Retired Miners

Originally published on Tue April 16, 2013 2:04 pm

Retired miners are converging on St. Louis Tuesday for a union rally to protest a proposed cut in health benefits. Patriot Coal is in bankruptcy and has asked a federal judge to allow it to shed most of the health coverage for nearly 10,000 retired miners. But most of those miners never worked a day for Patriot.

3:55am

Tue April 16, 2013
Planet Money

Most People Are Supposed To Pay This Tax. Almost Nobody Actually Pays It.

Originally published on Tue April 16, 2013 2:17 pm

Amazon doesn't charge sales tax in most states — but you may still be on the hook to pay the tax.
Scott Sady AP

The majority of Americans have now filed their taxes. And the majority of Americans have done so incorrectly.

There is one mistake, in particular, that lots of people made: They bought tax-free things online or in another state — and they failed to pay tax on their purchase in their home state.

It's called a use tax. As far as I can tell, accountants and tax lawyers are some of the only people who pay it.

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6:06pm

Mon April 15, 2013
Media

Coveted Pulitzer Prizes Announced

Originally published on Mon April 15, 2013 10:02 pm

Transcript

ROBERT SIEGEL, HOST:

The 2013 Pulitzer Prizes were awarded today in journalism, fiction, poetry, drama and music. Among the winners: many of the most prominent news organizations and some less prominent. NPR media correspondent David Folkenflik joins us now from our bureau in New York. And, David, tell us about some of today's winners.

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6:06pm

Mon April 15, 2013
Business

Dish Satellite Network Tries To Upend Sprint Deal

Originally published on Mon April 15, 2013 10:02 pm

Transcript

ROBERT SIEGEL, HOST:

The satellite TV provider Dish Network made an aggressive bid today to move into wireless telecom. The company offered $25.5 billion to buy Sprint Nextel, the nation's third largest wireless carrier.

As NPR's Yuki Noguchi reports, the problem for Dish is that Sprint has already agreed to sell most of itself to a Japanese telecom company called SoftBank.

YUKI NOGUCHI, BYLINE: Charles Ergen sold satellites from his car in 1980. Now, Dish Network is the third largest video provider in the U.S.

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5:06pm

Mon April 15, 2013
The Salt

A Tax Day Story For Hard-Cider Lovers

Is small-batch hard apple cider the next microbrew? It seems everybody and their brother is experimenting with ways to make the potent stuff profitable. Sales of domestically produced hard cider have more than tripled since 2007, according to beverage industry analysts — and that's not counting Europe, where it has held a steady popularity for centuries.

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4:50pm

Mon April 15, 2013
All Tech Considered

Speak Up! Advertisers Want You To Talk With New Apps

Originally published on Mon April 15, 2013 10:02 pm

Drinks columnist David Wondrich is seen on Esquire's new Talk to Esquire app, which allows users to interact with several of the magazine's columnists through voice recognition.
Screengrab via YouTube

Imagine for a second what it would be like if you could talk to your radio, and your radio would actually listen. To get an idea of what this might be like, I downloaded an app called Talk to Esquire, from the magazine of the same name.

When I opened it, the app asked me a question: What's your favorite type of liquor? That's a little forward, but it's Esquire so I played along and told the app that I'm more of a beer drinker.

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