Business

11:59am

Wed February 6, 2013
NPR Story

The Squeeze: Higher Costs And Smaller Paychecks

Originally published on Wed February 6, 2013 1:31 pm

The economy may be on the rebound, but life is getting tougher for some people in the middle class. With rising gas prices, insurance costs, and higher payroll taxes, people are feeling squeezed. Host Michel Martin asks if there's any financial relief in sight.

11:55am

Wed February 6, 2013
Economy

With Gasoline Prices Rising, Consumers Are Having A Tough Year

Originally published on Wed February 6, 2013 1:30 pm

Raul Rivero fills up in Miami. Having less take-home pay at the same time gas prices are rising could dampen consumer spending, economists say.
Joe Raedle Getty Images

Business leaders involved in homebuilding, oil drilling or automaking are happy about the way 2013 has kicked off. Lower- and middle-income consumers, on the other hand, are feeling like the year has kicked them in the head.

"Consumers have not rebounded with the arrival of the new year," says Ed Farrell, director of consumer insight at the Consumer Reports National Research Center. "Middle-income Americans were particularly hard hit this month and appear to be losing ground."

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10:55am

Wed February 6, 2013
Monkey See

Do Not Pass Go, Do Not Get Severance: Interview With An Iron

Originally published on Wed February 6, 2013 6:07 pm

The Monopoly iron token that was replaced by the new cat token.
Steven Senne AP

Wednesday, Hasbro announced that it was welcoming a new member of the Monopoly-token family. And because it asked the Internet, it wound up with a cat. (For whatever reason, the Internet was not offered Gotye or a bacon cupcake.)

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10:51am

Wed February 6, 2013
Business

In Cost-Saving Move, Post Office Cuts Saturday Delivery

Transcript

DAVID GREENE, HOST:

NPR's business news begins with an ending.

(SOUNDBITE OF MUSIC)

GREENE: The U.S. Postal Service has just announced the end of first class mail deliveries on Saturday. It is part of an effort to slow enormous financial losses. And NPR's Yuki Noguchi has come into the studio to tell us what all this means for customers and the Postal Service. And Yuki, so when will my Saturday deliveries stop?

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9:44am

Wed February 6, 2013
Strange News

Hasbro's Monopoly Trades Its Old Iron For A New Cat

Originally published on Wed February 6, 2013 10:51 am

Transcript

DAVID GREENE, HOST:

Good morning, I'm David Greene.

STEVE INSKEEP, HOST:

Monopoly players, your game will never be the same. Hasbro, which has been making the for some 80 years, is retiring a game piece. The iron will no longer be passing Go or stopping at Park Place. The company ran a Save Your Token campaign, and only eight percent of respondents fought for the iron. The winner? That little Scottie dog, who may prefer the old iron to the token replacing it - a cat - though players using the cat may get nine chances to win.

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9:02am

Wed February 6, 2013
Business

Postal Service Plans To End Saturday Mail Delivery

Originally published on Wed February 6, 2013 10:51 am

Transcript

DAVID GREENE, HOST:

NPR's business news begins with an ending.

(SOUNDBITE OF MUSIC)

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5:37am

Wed February 6, 2013
Economy

Obama Suggests Short-Term Fix To Sequester

Originally published on Wed February 6, 2013 10:51 am

Transcript

STEVE INSKEEP, HOST:

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

DAVID GREENE, HOST:

And I'm David Greene. Good morning.

If Congress and the president do not act in the next three weeks, deep across-the-board spending cuts will hit everything from the Defense Department to education programs.

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5:36am

Wed February 6, 2013
Business

Business News

Originally published on Wed February 6, 2013 10:51 am

Transcript

DAVID GREENE, HOST:

NPR's business news starts with a big cable buyout.

(SOUNDBITE OF MUSIC)

GREENE: Liberty Global is the cable company owned by American media mogul John Malone. Malone is about to have a much broader reach. His company already operates in 14 countries. And now Liberty Global has reached a deal to buy the British cable company Virgin Media for about $16 billion.

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5:36am

Wed February 6, 2013
Business

The Last Word In Business

Originally published on Wed February 6, 2013 10:51 am

Transcript

STEVE INSKEEP, HOST:

And today's last word in business is a Texas/California throwdown or thodown, depending on where you're from.

Texas' Governor Rick Perry is taking aim at California's business climate.

(SOUNDBITE OF AD)

GOVERNOR RICK PERRY: Building a business is tough. But I hear business in California is next to impossible. This is Texas Governor Rick Perry. Come check out Texas.

DAVID GREENE, HOST:

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5:36am

Wed February 6, 2013
Economy

Cities Must Strategize To Boost Service Workers' Pay

Originally published on Wed February 6, 2013 10:51 am

Transcript

STEVE INSKEEP, HOST:

Let's look at the economy in another way. The urban scholar Richard Florida has found a problem with the way our cities are evolving.

DAVID GREENE, HOST:

He's famous for studying the creative class, his term for millions of entrepreneurs, writers, thinkers, engineers, the innovators who make an economy grow.

INSKEEP: Florida says cities become more prosperous when those innovators are concentrated there.

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