Business

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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5:36am

Wed February 6, 2013
Around the Nation

Feds Bust Huge Credit Fraud Ring

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

Transcript

STEVE INSKEEP, HOST:

We're also tracking a story that federal authorities call one of the biggest credit card fraud rings in U.S. history. Eighteen people are alleged to have created an elaborate web of fake identities and sham companies to steal hundreds of millions of dollars.

NPR's Dan Bobkoff has more.

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3:05am

Wed February 6, 2013
All Tech Considered

Using 3-D Printers To Make Gun Parts Raises Alarms

Originally published on Wed February 6, 2013 2:48 pm

This AR-15 rifle's lower receiver (in soft green color) was produced with a 3-D printer. The 3-D printing industry has criticized the use of the technology for gun part making.
Courtesy of Defense Distributed Dev Blog

You may have heard about 3-D printing, a technological phenomenon that uses a robotic arm to build objects one layer at a time. As people get imaginative and create items in a one-stop-shop fashion, one more creation has been added to the printing line: gun parts.

On the West Side of Manhattan, behind large glass windows, a dozen 3-D printers build plastic toys and jewelry. Hilary Brosnihan, a manager at 3DEA, an events company that sponsored a print pop-up store, says things are moving rapidly.

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3:01am

Wed February 6, 2013
All Tech Considered

Is Online Gambling Legal If Bitcoins, Not Dollars, Are At Stake?

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

An image depicts the SatoshiDice website, which exclusively uses Bitcoin, not dollars, for gambling.
NPR

With no government ties, Bitcoin is used to buy everything from blogging services to Brooklyn-made cupcakes. Theoretically, millions of dollars are being kept in the digital currency, and it's increasingly being used by specialized online gambling websites. But is Bitcoin gambling legal?

Purely in the interests of journalism, I decided to get my hands on some of the currency. When I did so, Bitcoin, which has been around for a few years now, was fetching around $17 on most exchange sites. It has since risen to more than $20.

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2:56am

Wed February 6, 2013
The Salt

New Hampshire Cuts Red Tape To Put Nanobreweries On Tap

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

Throwback Brewery co-owner Nicole Carrier and assistant brewer Chris Naro pour beer for customers at their North Hampton, N.H., taproom.
Emily Corwin NHPR

As beer drinkers demand increasingly obscure beers with ingredients like jalapenos or rhubarb, smaller and smaller breweries are stepping up to the plate. New Hampshire is one state helping these brewery startups get off the ground, with new laws that make it easier for small-scale breweries to obtain licenses and distribute their craft beers.

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6:36pm

Tue February 5, 2013
Business

S&P Lawsuit Puts Ratings Firms Back In The Spotlight

Originally published on Tue February 5, 2013 7:17 pm

In a lawsuit, the Justice Department alleges Standard and Poor's misled investors with fraudulent credit ratings. The agency could seek more than $5 billion in damages.
Henny Ray Abrams AP

The Justice Department said Tuesday it could seek more than $5 billion in damages from Standard & Poor's, the nation's biggest credit ratings company, a day after it sued the company, alleging that S&P defrauded investors by giving triple-A ratings to risky subprime mortgage investments.

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