Business

5:01pm

Sun March 24, 2013
Business

Goldman Sachs Hopes To Profit By Helping Troubled Teens

Originally published on Sun March 24, 2013 7:07 pm

About half the juvenile offenders released from prison on Rikers Island in New York return within a year, New York City Department of Corrections Commissioner Dora Schriro says.
Bebeto Matthews AP

In the New York City prison system, the outlook for juvenile offenders is bleak. They're falling through the cracks, being arrested repeatedly, and being re-released onto the same streets only to be picked up again.

The criminal justice system is failing these 16- and 17-year-olds, says Dora Schriro, the commissioners of the city's Department of Corrections.

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2:24pm

Sat March 23, 2013
Sports

March Madness: Good For Fans, Bad For Business

Originally published on Sat March 23, 2013 6:34 pm

Pittsburgh fans try to distract Wichita State's Ron Baker as he shoots a free throw during a second-round game in the NCAA college basketball tournament in Salt Lake City on Thursday. The distractions of the tournament are so great that worker productivity suffers.
George Frey AP

March Madness is here. Even President Obama has filled out a NCAA Division I men's college basketball tournament bracket. His pick to win it all was Indiana University.

The bracket frenzy is unbelievable, says Deborah Stroman, who teaches sports administration at the University of North Carolina.

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4:56pm

Fri March 22, 2013
Business

Former QB Drew Bledsoe Becomes Unlikely Lobbyist For Interstate Wine Sales

Originally published on Thu March 28, 2013 7:17 pm

Transcript

MELISSA BLOCK, HOST:

From NPR News, this is ALL THINGS CONSIDERED. I'm Melissa Block.

ROBERT SIEGEL, HOST:

And I'm Robert Siegel. Former NFL quarterback Drew Bledsoe has been a lot of places since his glory days with the New England Patriots. He went on to play for Buffalo and Dallas and in his retirement, he returned to his hometown of Walla Walla, Washington, where he founded a winery. Bledsoe has not forgotten his New England fans. In fact, he wants people in Massachusetts to be able to buy his wine and, for that matter, other wines online.

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1:10pm

Fri March 22, 2013
The Two-Way

HBO: Programming Could Be Sold Directly Through Internet Providers

Originally published on Fri March 22, 2013 2:21 pm

HBO chief Richard Plepler speaks in New York at a 2011 screening.
Larry Busacca Getty Images for Time Warner

HBO CEO Richard Plepler is saying something a lot of the television network's fans have been waiting to hear — that its content could be offered to customers directly through their Internet service providers instead of a cable company.

Right now, HBO must be purchased through a cable provider. Plepler tells Reuters that HBO Go, an online streaming service launched by the network in 2010 (but still only available as an extra to your cable TV) might also be sold through ISPs.

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10:28am

Fri March 22, 2013
The Two-Way

FCC Chairman Julius Genachowski Says He Will Step Down

Originally published on Fri March 22, 2013 2:24 pm

Federal Communications Commission Chairman Julius Genachowski testifies before a Senate committee in March of 2013.
T.J. Kirkpatrick Getty Images

The chairman of the Federal Communication Commission announced during a staff meeting on Friday that he intends to step down "in the coming weeks."

Julius Genachowski's resignation comes just a day after Commissioner Robert McDowell announced his plans to step down.

The New York Times reports the Obama administration has not settled on a replacement for Genachowski. It reports:

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8:11am

Fri March 22, 2013
The Two-Way

Cyprus Gets Cold Shoulder From Russia On Bailout Aid

Originally published on Fri March 22, 2013 1:47 pm

An employee of Cyprus Laiki (Popular) Bank reacts as he takes part in a protest outside Parliament on Friday in the capital, Nicosia.
Patrick Baz AFP/Getty Images

As a deadline on Cyprus to come up with a financial bailout plan nears, a possible rescue from Russia looks to have fallen apart, leaving the island nation few options for staving off default.

Russian Finance Minister Anton Siluanov said as far as Moscow was concerned "the talks have ended," but Prime Minister Dmitry Medvedev left the door open, saying aid from Moscow would be contingent on Cyprus gaining European Union backing for its other money-raising ideas.

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4:38am

Fri March 22, 2013
Business

Census Bureau: Americans Burdened By High Debt

Originally published on Fri March 22, 2013 10:55 am

Transcript

STEVE INSKEEP, HOST:

NPR's business news starts with high debt and low wealth.

(SOUNDBITE OF MUSIC)

INSKEEP: Since the financial crisis, many Americans have been saving money and paying down debt. Many are in better financial shape than a few years ago. But when you look at the longer term, it is clear that Americans as a whole have not regained all the ground they lost.

The Census Bureau compared Americans in 2011 with their wealth and debt burdens in that seemingly long-ago year, 2000.

NPR's John Ydstie reports.

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4:38am

Fri March 22, 2013
Business

The Last Word In Business

Originally published on Fri March 22, 2013 10:55 am

Transcript

STEVE INSKEEP, HOST:

What better place to play video games than in a man cave? That's our last word in business today. It's how real estate website Zillow describes a Cold War-era bomb shelter in South Florida, now on sale for just under half a million dollars - 30-inch thick, steel-reinforced, concrete walls; decontamination showers; and 17-foot high ceilings.

There's even some milk solids and canned sugar left over, and it allegedly could be turned into a home. The listing agent describes the property as something out of an old Japanese Godzilla movie.

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4:38am

Fri March 22, 2013
Economy

Examining The Banking Crisis In Cyrpus

Originally published on Fri March 22, 2013 10:55 am

The tiny Mediterranean island-nation of Cyprus is teetering on the edge of insolvency after rejecting a tax on bank deposits imposed by the E.U. and IMF in exchange for a bailout. Cyprus has until Monday to approve a new bailout plan.

4:38am

Fri March 22, 2013
Education

Chicago Teachers, Parents Riled By Plan To Close 54 Public Schools

Originally published on Sat March 23, 2013 12:43 am

Chicago Teachers Union President Karen Lewis speaks outside Mahalia Jackson Elementary School in Chicago about the planned closing of 54 public schools. Opponents say the plan will disproportionately affect minority students in the nation's third-largest school district.
M. Spencer Green AP

In Chicago, officials have released a long-feared list that places more than 50 schools on the chopping block. The public school district faces a $1 billion shortfall, and the mayor says many of the city's school buildings are half empty. Some angry parents and teachers say the plan will harm children and they'll fight to keep the schools open.

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