Business

5:33pm

Thu March 28, 2013
Business

Farm Bill's Sugar Subsidy More Taxing Than Sweet, Critics Say

Originally published on Thu March 28, 2013 11:55 pm

While many people enjoy sweet treats — like these chocolate bunnies — the price of a key ingredient has some people bitter. A government subsidy program is criticized for keeping sugar prices too high. But as prices fall, the government may buy sugar to help processors.
Toby Talbot AP

While you indulge in some Easter Peeps and chocolates this weekend, you might want to think about all that sugar. No, this isn't a calorie warning. In the U.S., raw sugar can cost twice the world average.

Critics say U.S. sugar policy artificially inflates sugar prices to benefit an exclusive group of processors — even though it leads to higher food prices. But this year, prices fell anyway. Now, the government could be poised to use taxpayer dollars to buy up the excess sugar.

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5:12pm

Thu March 28, 2013
Around the Nation

In Phoenix, A New Quest For Diverse Public Pool Lifeguards

Originally published on Thu March 28, 2013 6:57 pm

After noticing that most of the lifeguards at the public pools used by Latino and African-American kids were white, the Phoenix aquatics department decided to try to recruit minorities.

More than 90 percent of the students at Alhambra High are black, Latino or Asian. On a recruiting effort there over the winter, the city's Melissa Boyle tells students she's not looking for strong swimmers. Like many under-resourced schools, Alhambra doesn't have a swim team.

"We will work with you in your swimming abilities," Boyle says.

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4:31pm

Thu March 28, 2013
The Two-Way

1,569: S&P 500 Closes At All Time High, Rising Above Oct. 2007 Mark

A trader on floor of the New York Stock Exchange on March 25, 2013. U
Richard Drew AP

The Standard & Poor's 500 stock index broke new ground today, closing at 1,569, an all-time high that erased the record set on Oct. 9, 2007.

The S&P joins the Dow Jones Industrial Average, which broke its 2007 record earlier this month.

Both indices have now recovered all the losses they suffered during the Great Recession.

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2:28pm

Thu March 28, 2013
The Two-Way

Chocolatiers Lindt Loses Final Appeal To Trademark Golden Easter Bunnies

Originally published on Thu March 28, 2013 3:02 pm

Chocolate Easter bunnies by Swiss company Lindt, left, and Austrain company Hauswirth, which agreed to stop making chocolate Easter bunnies that look like those made by Lindt & Spruengli in 2012.
Heinz-Peter Bader Reuters /Landov

After 12 years, a federal court in Germany has settled an epic Easter battle: It ruled Lindt & Spruengli, the Swiss chocolatier, could not trademark its gold-foil wrapped easter bunny chocolates.

Germany's international broadcaster Deutsche Welle reports:

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12:00pm

Thu March 28, 2013
Around the Nation

Maybe We Should Retire The Word 'Retire'

The official portrait of retirement has changed, and it didn't change to this.
iStockphoto.com

Retirement ads are everywhere these days. The Villages lures retirees to come live, love and golf in Florida. USAA offers financial counsel to retiring military personnel.

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8:54am

Thu March 28, 2013
The Two-Way

Slow But Better Than Thought: 4th Quarter GDP Revised Up Again

Originally published on Thu March 28, 2013 10:22 am

The U.S. economy grew at a 0.4 percent annual rate in fourth-quarter 2012, the Bureau of Economic Analysis reported Thursday morning.

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7:16am

Thu March 28, 2013
Business

Cheap Natural Gas Pumping New Life Into U.S. Factories

Originally published on Tue April 23, 2013 5:13 pm

A worker hooks up pipe during natural gas drilling by EnerVest on the Barnett Shale near Fort Worth, Texas, in 2012.
Ron Jenkins MCT /Landov

The millions of Americans who lost factory jobs over the past decade may find this hard to believe, but U.S. manufacturing is coming back to life.

The chest compressions are applied by the pumping of cheap, domestic natural gas.

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7:04am

Thu March 28, 2013
The Two-Way

Banks In Cyprus Reopen As Island's Economy Hits Reboot

Originally published on Thu March 28, 2013 8:54 am

At a Laiki Bank branch in Nicosia, Cyprus, early Thursday, customers lined up to be among the first allowed in.
Yannis Behrakis Reuters /Landov
  • From 'Morning Edition': What makes for a good tax haven?
  • From 'Morning Edition': Joanna Kakissis reports

Banks in Cyprus reopened Thursday morning — after two weeks in which they had to keep their doors closed as European leaders worked out a bailout deal for the island's struggling financial sector in a bid to keep its problems from triggering similar crises in other ailing EU nations.

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5:51am

Thu March 28, 2013
Business

Researchers Expect Oil Demand To Plateau By Decade's End

Originally published on Thu March 28, 2013 9:18 am

Transcript

LINDA WERTHEIMER, HOST:

NPR's business news starts with an appetite for oil.

(SOUNDBITE OF MUSIC)

WERTHEIMER: Researchers say they see a plateau in the demand for oil. A new report says demand could level off by the end of this decade, and that's a lot sooner than expected, as NPR's Sonari Glinton reports.

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5:51am

Thu March 28, 2013
Business

The Last Word In Business

Originally published on Thu March 28, 2013 9:18 am

Transcript

LINDA WERTHEIMER, HOST:

At the New York Auto Show this week, Honda is cleaning up. The carmaker has wowed people with its new Odyssey minivan because of the built-in vacuum cleaner.

DAVID GREENE, HOST:

Yeah, the carmaker says it worked with Shop-Vac to design its HondaVAC, which it tells is the first ever in-car vacuum cleaner. It is tucked inside the driver's side rear cargo space, and it comes with all sorts of attachments.

WERTHEIMER: And so our last word in business today is: Why did it take a car company so long to do this?

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