Business

4:43am

Tue March 19, 2013
Business

The Last Word In Business

Originally published on Tue March 19, 2013 10:42 am

Transcript

RENEE MONTAGNE, HOST:

Our last word in business today is filial piety.

STEVE INSKEEP, HOST:

That's the ancient Chinese ethic of young people showing care and respect to their parents and older relatives. Now it's the law in China. Starting this summer, if kids don't pay enough attention to their folks, mom and dad can sue.

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7:12pm

Mon March 18, 2013
All Tech Considered

CEO Of Electronic Arts, World's Third-Largest Gaming Company, Resigns

Originally published on Mon March 18, 2013 7:14 pm

Electronic Arts CEO John Riccitiello, seen here speaking at the E3 Expo in 2010, is stepping down, the company announced Monday.
Michal Czerwonka Getty Images

Electronic Arts, the world's third-largest video game company, announced Monday that CEO John Riccitiello would be stepping down.

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4:15pm

Mon March 18, 2013
Business

Why The Crisis In Cyprus May End Up Hurting You Too

Originally published on Wed March 20, 2013 12:28 pm

Cypriots protest an EU bailout deal outside the parliament in Nicosia on Monday. A proposed bailout deal would slap a levy on all Cypriot bank savings.
Patrick Baz AFP/Getty Images

Ask Americans to point out Cyprus, and most would have to spin a globe several times before noticing the small island nation, east of Greece and south of Turkey.

But whether or not you have ever given a thought to the 1.1 million people living there under the warm Mediterranean sun, Cyprus might send a chill up your spine this week.

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4:00pm

Mon March 18, 2013
Intelligence Squared U.S.

Does America Need A Strong Dollar Policy?

Originally published on Mon March 18, 2013 4:34 pm

(From left) John Taylor, Frederic Mishkin, James Grant and Steve Forbes traded arguments during the latest Intelligence Squared U.S. debate.
Samuel LaHoz
  • Listen To The Full Audio Of The Debate
  • Listen To The Broadcast Version Of The Debate

Is a strong U.S. dollar a good thing, or is it overrated as a policy goal?

Some argue that a policy aimed at keeping the dollar strong would hurt U.S. economic growth because it would make American goods and services more expensive, lessening global demand for them. Others say having a weak and unstable unit as the basis of the economy makes commerce harder and creates financial bubbles that then burst disastrously.

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2:44pm

Mon March 18, 2013
Media

As Consumers Jump Ship, News Outlets Shift Priorities

Americans are abandoning their long-trusted news outlets in high numbers. According to a Pew Research Center report, 31 percent of Americans say they have deserted a particular news outlet because it no longer provides the information they want.

12:35pm

Mon March 18, 2013
Planet Money

Where The Bank Really Keeps Your Money

Originally published on Thu March 21, 2013 10:37 am

People queue to use an ATM outside of a Laiki Bank branch in Larnaca, Cyprus, on Saturday. Many rushed to cooperative banks after learning that the terms of a bailout deal with international lenders includes a one-time levy on bank deposits.
Petros Karadjias AP

Cyprus has about as many residents as the Bronx. All Cypriot banks combined are smaller than the 30th-largest U.S. bank. So why is the country's financial system front-page news today?

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8:40am

Mon March 18, 2013
The Two-Way

Cyprus Bailout To Hit Depositors, Sends Shivers Through Markets

Originally published on Mon March 18, 2013 6:08 pm

Take the money and run: An ATM in the Cypriot capital Nicosia on Sunday.
Hasan Mroue AFP/Getty Images

A vote in Cyprus on whether to approve a controversial bailout plan has been postponed after the prospect of the deal caused bank customers to rush to withdraw their savings and drew the ire of overseas depositors.

As NPR's Krishnadev Calamur wrote in a post over the weekend: "The money [is] needed because Cyprus' banks lost 4.5 billion euros on their Greek bond holdings, which were written down last year after Greece's second bailout."

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4:06am

Mon March 18, 2013
Business

The Last Word In Business

Originally published on Mon March 18, 2013 12:38 pm

Transcript

RENEE MONTAGNE, HOST:

If some of your co-workers seem distracted today - well, it's not any old Monday - huh, Steve?

STEVE INSKEEP, HOST:

I'm sorry, Renee. We're you saying something? I was busy filling out an NCAA Tournament bracket here. Our last word in business, as a matter of fact, is about that. It's lost productivity.

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4:06am

Mon March 18, 2013
Business

EU Bailout Tax Sparks Bank Run In Cyprus

Originally published on Tue March 19, 2013 10:08 am

Transcript

STEVE INSKEEP, HOST:

It's MORNING EDITION, from NPR News. I'm Steve Inskeep.

RENEE MONTAGNE, HOST:

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4:06am

Mon March 18, 2013
Business

Court To Sentence AT&T Hacker Andrew Auernheimer

Originally published on Mon March 18, 2013 12:38 pm

Transcript

RENEE MONTAGNE, HOST:

NPR's business news starts with a hacking sentence.

(SOUNDBITE OF MUSIC)

MONTAGNE: This morning, a federal court in New Jersey is scheduled to sentence Andrew for his much-publicized exposure of a security flaw on AT&T's iPad service. That was back in 2010.

As NPR's Martin Kaste reports, the sentencing of Andrew Auernheimer will be closely watched by those who believe federal prosecutors have become overly zealous about punishing certain kinds of hackers.

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