Business

3:38am

Tue March 5, 2013
Author Interviews

Skipping Out On College And 'Hacking Your Education'

Originally published on Tue March 5, 2013 5:18 am

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The cost of college can range from $60,000 for a state university to four times as much at some private colleges. The total student debt in the U.S. now tops credit card debt. So a lot of people are asking: Is college really worth it?

There are several famous and staggeringly successful college dropouts, including Mark Zuckerberg, Bill Gates and Larry Ellison. You may not end up with fat wallets like them, but Dale Stephens says you can find a different education path.

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3:35am

Tue March 5, 2013
Your Money

For Baby Boomers, Lessons In Financial Basics

Originally published on Mon April 1, 2013 1:54 pm

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The oldest of the baby boomers came of age in the 1960s and are beginning to retire. Their younger cohorts are still putting kids through college and building careers. Baby boomers are a giant portion of the population — 78 million people, by one estimate.

They grew up in an era of rising living standards, but the Great Recession destroyed any sense of financial security — and many nest eggs. Financial planner Tim Maurer outlines a variety of issues boomers face.

Who is a baby boomer, and what defines their financial situations?

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4:38pm

Mon March 4, 2013
The Two-Way

Listing The World's Billionaires: A Not-So-Exact Science

Two recent tallies of the world's richest people agree on the broad points — but not on which continent has the most billionaires. Here, U.S. dollars are counted, with Chinese yuan notes in the background.
STR AFP/Getty Images

There are more than 1,400 billionaires in the world right now, according to two sources — one in the U.S., and one in China. But the tallies by Forbes and Hurun Report differ on key points, including whether there are now more billionaires in Asia than anywhere else.

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1:55pm

Mon March 4, 2013
Economy

State Of Emergency: Cities In Financial Crisis

Originally published on Mon March 4, 2013 2:37 pm

Transcript

ARI SHAPIRO, HOST:

This is TALK OF THE NATION. I'm Ari Shapiro in Washington; Neal Conan is away. Year by year, cities are raising fees and cutting public services to stay out of financial trouble. For some cities, that's just not enough. Detroit projects a $200 million deficit this year, and the city owes $14 billion in long-term obligations. The state's Republican Governor Rick Snyder says there's probably no city more financially challenged in the entire United States.

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11:49am

Mon March 4, 2013
Business

Yahoo: A Telecommunication Breakdown?

Originally published on Mon March 4, 2013 1:51 pm

Transcript

MICHEL MARTIN, HOST:

This is TELL ME MORE from NPR News. I'm Michel Martin. Coming up, it's been called a landmark in the American literary canon. Certainly it's one of the premier works of Chicano literature. Now it's finally made its way to the big screen. We are going to speak with its star, herself a well-loved pioneer among Latina actresses. Her name is Miriam Colon and she's with us in just a few minutes to tell us about "Bless Me, Ultima."

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5:22am

Mon March 4, 2013
Around the Nation

Wood From The Hood Repurposes Local Logs

Originally published on Mon March 4, 2013 1:02 pm

Transcript

STEVE INSKEEP, HOST:

We are often urged to buy local, but when people say that, we're usually thinking about food. Now it seems you can aim for local furniture and local building materials. Matt Sepic of Minnesota Public Radio reports on the Minneapolis business that makes everything from hardwood flooring to picture frames from trees cut just down the block.

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5:18am

Mon March 4, 2013
Around the Nation

Hard-Hit Boise Subdivision Lacks Owner-Occupied Homes

Originally published on Mon March 4, 2013 1:02 pm

Transcript

STEVE INSKEEP, HOST:

The housing market is recovering in much of the country, not so much in Idaho. Home prices dropped by 46 percent in the Boise area during the financial crises. Forty-six percent. Today's business bottom line takes us to the home of a family that rode out the crash and are still waiting for better times. Here's Molly Messick of Boise State Public Radio.

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5:01am

Mon March 4, 2013
Business

Winery To Experiment With 'Drunken Treasure'

Originally published on Mon March 4, 2013 1:02 pm

Transcript

STEVE INSKEEP, HOST:

And today's last word in business is: drunken treasure.

Some wine connoisseurs say that wine recovered from shipwrecks has a unique taste. Could be sheer age but it might be something else about the aging process at the bottom of the ocean.

JIM DYKE: The ocean providing a sort of constant motion to the wine as it sits on the bottom, pressure is different, lack of light, temperature.

RENEE MONTAGNE, HOST:

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5:01am

Mon March 4, 2013
Business

Business News

Originally published on Mon March 4, 2013 1:02 pm

Transcript

STEVE INSKEEP, HOST:

NPR's business news starts with ExxonMobil's defense.

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5:01am

Mon March 4, 2013
Economy

Sequestration Cuts Build Slowly

Originally published on Mon March 4, 2013 1:02 pm

Transcript

STEVE INSKEEP, HOST:

President Obama ordered across-the-board federal spending cuts on Friday night. The $85 billion in cuts are spread across much of the government. The president and many Republicans have called the cuts unwise. But Congress passed them and the president signed them in 2011, and in recent days, they did not agree on a plan to revise or replace them.

We turn to David Wessel to find out what happens now. He is economics editor of The Wall Street Journal. David, welcome back.

DAVID WESSEL: Good morning.

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