Business

4:53am

Thu December 13, 2012
Business

Fed To Keep Short-Term Interest Rates Low

Originally published on Thu December 13, 2012 9:03 am

Transcript

RENEE MONTAGNE, HOST:

In the U.S., the Federal Reserve now says it intends to keep its benchmark interest rate exceptionally low until the unemployment rate reaches six and a half percent. It's the first time the Fed has named a specific thresh-hold for when it would begin raising interest rates.

NPR's John Ydstie has more.

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3:28am

Thu December 13, 2012
Planet Money

Will A $1.9 Billion Settlement Change Banks' Behavior?

Originally published on Thu December 13, 2012 11:55 am

Ben Stansall AFP/Getty Images

If a kid does something bad and you want to discipline him — give him a timeout, say, or take away a toy — there are some basic principles that seem to work.

The punishment needs to happen quickly after the bad behavior. And it needs to be significant enough to get noticed. Those rules aren't just for kids; they need to hold true for any type of punishment to be effective.

But if you're a federal regulator punishing a bank, it can be tough to be swift enough and to levee a penalty that's severe enough to make a difference.

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3:21am

Thu December 13, 2012
Business

Etsy Crafts A Strategy For Staying Handmade And Profitable

Originally published on Thu December 13, 2012 9:03 am

Etsy, which began as a place for home crafters and small businesses to sell their goods, has experienced growing pains as it surpasses 800,000 sellers.
Courtesy of Etsy

Etsy has gotten very big, very fast. This year, sales are at about $800 million.

"Their growth on all the major metrics you want to look at has accelerated really consistently," says journalist Rob Walker.

Walker recently wrote a story for Wired Magazine with the headline, "Can Etsy Go Pro Without Losing Its Soul?" Here's why: Etsy makes money from its sellers: 20 cents every time they list an item and 3.5 percent of every sale. Today, there are some 800,000 sellers.

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6:00pm

Wed December 12, 2012
All Tech Considered

Who Needs College? Young Entrepeneuer Bets On Bright Idea For Solar Energy

Originally published on Thu December 13, 2012 10:44 am

Eden Full took time off from her studies at Princeton University to work on her startup full time, after being selected for the inaugural class of the 20 Under 20 Thiel Fellowship.
Della Rollins

Eighteen months ago Eden Full was finishing up her sophomore year at Princeton University. She was on the crew team as a coxswain. She had spent the previous summer in Kenya building an innovative, low-cost contraption to make solar panels more efficient.

Full was glowingly successful — the kind of college student who ends up profiled in alumni magazines.

But Full had decided to drop out.

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5:53pm

Wed December 12, 2012
The Salt

From Belgium To Piggly Wiggly: U.S. Beer Fans Snatch Up Elusive Ale

Originally published on Wed December 12, 2012 6:39 pm

A customer departs Total Wine of Towson, Md., with a gift pack of Belgium's Westvleteren 12 Trappist ale.
Bill Chappell NPR

To many beer fans, the arrival of the Westvleteren 12 Trappist ale in American shops today is a chance to try a beer they've only read about on beer-geek blogs and sites — where it's often given a "world class" rating of 100.

But finding the beer can be tricky — it's not available in all states, and some stores sold out of their allotment within hours of opening Wednesday.

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5:15pm

Wed December 12, 2012
Business

Survey: Business Leaders Warming To Tax Increases

Originally published on Wed December 12, 2012 6:29 pm

Transcript

ROBERT SIEGEL, HOST:

From NPR News, this is ALL THINGS CONSIDERED. I'm Robert Siegel.

AUDIE CORNISH, HOST:

And I'm Audie Cornish.

Negotiations are intensifying between congressional Republicans and the White House. Both sides say they want to find a compromise to end the budget stalemate that's gripped Washington. Both sides are also vying for support from the business community. The White House has reportedly put an overhaul of the tax code on the table.

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5:03pm

Wed December 12, 2012
Business

More Shoppers Gravitate Toward 'Brand Stories'

Originally published on Wed December 12, 2012 6:29 pm

This week we are exploring the evolution of the American shopping experience. In the second installment in this series, Audie Cornish explores the influence of the Internet on the brick-and-mortar retail world. Maxwell Gillingham-Ryan, founder of the design website Apartment Therapy, says that as shoppers move online, the physical store has morphed into more of a showroom for products that are later purchased on the Web, and a place to tell a brand's "story."

1:07pm

Wed December 12, 2012
The Two-Way

Federal Reserve Boosts Effort To Lift Economy

The Federal Reserve's headquarters in Washington, D.C.
Karen Bleier AFP/Getty Images

Saying it is concerned that the economy won't be strong enough in coming months to keep adding jobs to the labor market, the Federal Reserve announced this afternoon that is increasing its efforts to give the economy a boost.

And in an unusually specific statement from the central bank, its policymakers said they expect to keep a key short-term interest rate at or near zero percent "as long as the unemployment rate remains above 6.5 percent."

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12:24pm

Wed December 12, 2012
The Two-Way

Wal-Mart's Lobbying In U.S. To Be Probed By Indian Government

Originally published on Wed December 12, 2012 1:12 pm

September 2012: Employees celebrate the opening of a Best Price Modern store in Hyderabad, India. Bharti Enterprises manages that and other such stores, which Wal-Mart has invested in.
Noah Seelam AFP/Getty Images

India's government has approved an inquiry into Wal-Mart's lobbying activities in the U.S. as a heated debate over the retail giant's plans for stores in India moves into a new phase, NPR's Julie McCarthy tells us from New Delhi.

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11:45am

Wed December 12, 2012
Economy

Fiscal Cliff: Why Not Cut Entitlements?

Transcript

MICHEL MARTIN, HOST:

This is TELL ME MORE from NPR News. I'm Michel Martin. Coming up, another young woman, a mother, has been killed by a man who supposedly loved or at least cared for her. That got us thinking about the political fight over the ways to address violence against women. We're going to talk about that with our panel of women commentators. We call it the Beauty Shop and it's coming up later in the program.

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