Business

4:01pm

Wed October 17, 2012
The Two-Way

Man Arrested For Allegedly Trying To Bomb N.Y. Federal Reserve

Originally published on Wed October 17, 2012 5:50 pm

A cornerstone at the Federal Reserve Bank of New York in Manhattan.
Andrew Burton Getty Images

"Quazi Mohammad Rezwanul Ahsan Nafis, 21, was arrested this morning in downtown Manhattan after he allegedly attempted to detonate what he believed to be a 1,000-pound bomb at the New York Federal Reserve Bank on Liberty Street in lower Manhattan's financial district," the FBI confirms an email just sent to reporters.

It adds that:

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11:21am

Wed October 17, 2012
Planet Money

Manufacturing Jobs Aren't Coming Back, No Matter Who's President

Originally published on Fri June 28, 2013 2:33 pm

St. Louis Fed

The percentage of Americans working in manufacturing fell under President Reagan. It also fell under Presidents Bush, Clinton, Bush and Obama (respectively).

Which is to say, the decline of manufacturing jobs in the U.S. economy is not about who is president or what his policies are. It's the result of long-running, irreversible, historical factors (read: technology and globalization).

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10:52am

Wed October 17, 2012
The Two-Way

Construction Of New Homes Surges To Four-Year High

Construction worker Jim Castellano walks out of a Toll Brothers Inc. home he is working on in Boca Raton, Florida.
Joe Raedle Getty Images

The rate at which builders began work on new homes surged to a four-year high, the Commerce Department said today.

The AP reports that September clocked the fastest pace since July of 2008. The AP adds:

"The Commerce Department says builders broke ground at a seasonally adjusted annual rate of 872,000 in September. That's an increase of 15% from August.

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8:31am

Wed October 17, 2012
All Tech Considered

The Brain Of The Beast: Google Reveals The Computers Behind The Cloud

Originally published on Fri October 19, 2012 10:09 am

Google's data center in Council Bluffs, Iowa, houses servers in over 115,000 square feet of space.
Connie Zhou Google

Behind the ephemeral "cloud" of cloud computing, the network we use for everything from checking our email to streamlining our health care system, there lies a very tangible and very big computer infrastructure.

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4:47am

Wed October 17, 2012
Business

'Wired' Magazine Story

Originally published on Wed October 17, 2012 7:13 am

Google has nearly 20 data centers packed with computer servers that are huge consumers of energy. Google allowed technology writer Steven Levy of Wired magazine to see its facility in Lenoir, N.C. Levy talks to Steve Inskeep about what he saw while he was there.

4:47am

Wed October 17, 2012
Business

Target Begins Running Holiday TV Ads Early

Originally published on Wed October 17, 2012 8:31 am

Transcript

RENEE MONTAGNE, HOST:

And today's last word in business is: Are you ready?

(SOUNDBITE OF TARGET COMMERCIAL)

UNIDENTIFIED MAN: The holidays are coming, and they're going to be big.

MONTAGNE: Target has aired its first holiday ad of the season.

STEVE INSKEEP, HOST:

Let me just get my face out of my palm here. That's right. Forget planning your Halloween costume or picking out a turkey. Target is making its mark early - six weeks before Thanksgiving, in fact. It had a lot of people double-checking their calendar.

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4:47am

Wed October 17, 2012
Business

Farmers Cautious Of Drought-Resistant Seeds

Originally published on Wed October 17, 2012 8:31 am

Transcript

STEVE INSKEEP, HOST:

Here in the United States, the corn harvest is nearly complete. It was earlier and much smaller than in recent years, which means stockpiles are lower and prices will likely be higher. Now, while this summer's drought is largely to blame, the dry weather did offer perfect conditions to test drought-resistant corn. As Iowa Public Radio's Amy Mayer reports, seed companies and farmers are now crunching the yield numbers to see what these new varieties could mean in coming years.

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4:47am

Wed October 17, 2012
Business

Bankruptcy Adds To Criticism Of Obama's Green Policies

Originally published on Wed October 17, 2012 8:31 am

Transcript

RENEE MONTAGNE, HOST:

NPR's business news starts with echoes of Solyndra.

A Massachusetts manufacturer of electric car batteries has filed for bankruptcy. The company, A123 Systems, had received hundreds of million dollars in federal support, including a $250 million grant.

As NPR's Tovia Smith reports, its failure is reigniting criticism of President Obama's green energy policies.

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5:44pm

Tue October 16, 2012
Business

Citigroup CEO Abruptly Steps Down

Originally published on Tue October 16, 2012 7:06 pm

Citigroup CEO Vikram Pandit is stepping down. In a statement released Tuesday morning, he said the time was right for someone else to take the helm. Pandit, who is 55 years old, took the top spot at Citi in December of 2007, just as the financial crisis was beginning to unfold.

4:37pm

Tue October 16, 2012
Economy

Home Health Aides: In Demand, Yet Paid Little

Originally published on Wed October 17, 2012 3:29 pm

Home health aide trainees Marisol Maldonaldo (center) and Nancy Brown (right), shown here with assistant instructor Miguelina Sosa, are studying to join one of the nation's fastest growing yet also worst paid sectors of the workforce.
Jennifer Ludden NPR

The home care workforce — some 2.5 million strong — is one of the nation's fastest growing yet also worst paid. Turnover is high, and with a potential labor shortage looming as the baby boomers age, there are efforts to attract more people to the job.

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