Business

4:59am

Fri October 19, 2012
Business

Investors' Funds Are Recovering, But Not Their Nerves

Originally published on Fri October 19, 2012 10:14 am

Chicken Little was running wild 25 years ago today. But one could hardly blame the poultry for panicking.

On Oct. 19, 1987, the stock market plunged a record-setting 23 percent. The next day, the New York Daily News' front page screamed "Panic!" and a New York Times headline asked: "Does 1987 equal 1929?"

Turns out, the 1987 plunge was a mere stutter step. The Dow Jones industrial average, which closed at 1,739 that day, quickly bounced back. Within a decade, the stock-price average had nearly quintupled.

Read more

2:53am

Fri October 19, 2012
Planet Money

The Candidate Is Fake; The Consultants Are Real

Originally published on Wed October 24, 2012 12:31 pm

One consultant's vision for our political ad: "I see a horse."
iStockphoto.com

When our series began yesterday, we brought together five economists from across the political spectrum and had them create a platform for their dream presidential candidate. It's a platform — Get rid of a tax deduction for homeowners!

Read more

5:37pm

Thu October 18, 2012
Around the Nation

To Shrink Rents, S.F. Considers Shrinking Apartments

Originally published on Thu October 18, 2012 8:32 pm

The development firm Panoramic Interests is building about two dozen "micro-apartments" in San Francisco. The company is poised to offer even smaller units if the city approves a proposed new minimum size of 220 square feet.
Artist's Rendering of Smartspace Unit Courtesy of Panoramic Interests

In many large cities, like Dallas, Phoenix and even parts of Chicago, $800 a month is enough for a clean one-bedroom apartment, decked out with a living room, washer and dryer — and maybe even a pool, in a larger complex.

But if you want to live alone in San Francisco, getting those amenities at that price is practically a pipe dream. With the region's resurgent high-tech industries luring many well-educated, well-paid workers to the Bay Area, the average rent for a studio apartment in the city now runs around $2,000.

Read more

4:59pm

Thu October 18, 2012
Media

After 80 Years In Print, 'Newsweek' To Go All Digital

Originally published on Thu October 18, 2012 8:00 pm

Tina Brown, editor-in-chief of Newsweek, announced Thursday that the 80-year-old newsmagazine will publish its final print edition on Dec. 31 and shift to an all-digital format in early 2013.
John Moore Getty Images

Newsweek editor Tina Brown announced Thursday she would embrace a fully digital future as she revealed that the magazine's final print edition would be published at the end of the year.

Her announcement was a bow to gravity, as her unique blend of buzz and brio proved incapable of counteracting Newsweek's plummeting circulation and advertising amid an accelerating news cycle. Brown said there would be an unspecified number of layoffs as well.

Read more

4:28pm

Thu October 18, 2012
Business

Premature Press Release Makes Google Shares Plunge

Originally published on Thu October 18, 2012 8:00 pm

Transcript

MELISSA BLOCK, HOST:

Google's high-flying stock hit some turbulence today. Its shares were down as much as 10 percent before trading was temporarily halted. The drop came after the company's quarterly earnings report was released prematurely, a report that showed Google struggling in the third quarter. NPR's Steve Henn reports.

Read more

2:19pm

Thu October 18, 2012
The Salt

Evaporated Cane Juice: Sugar In Disguise?

Originally published on Thu October 18, 2012 7:08 pm

If you look very closely, you'll see "evaporated cane juice" in the ingredients list on this yogurt. A California woman is suing the Chobani yogurt company over its use of the term.
Karen Castillo Farfán NPR

If you're one of those people who vigilantly checks the ingredient list of the things you buy at the grocery store, you may have already seen this: Some food products now contain something called "evaporated cane juice." It can be found in yogurt, fruit juices and lemonades.

So what exactly is evaporated cane juice? Well, it depends on whom you ask. We spoke with a few folks outside our local grocery store, and many of them were confused. Take a listen:

Read more

2:09pm

Thu October 18, 2012
The Two-Way

Google's Stock Drops After Premature Release; 'PendingLarry' Goes Viral

Originally published on Thu October 18, 2012 3:05 pm

Google CEO Larry Page. What's he going to say now?
Emmanuel Dunand AFP/Getty Images

Oops.

Read more

11:06am

Thu October 18, 2012
Economy

'Black Friday' Haunts Market, 25 Years On

Originally published on Thu October 18, 2012 1:25 pm

Transcript

MICHEL MARTIN, HOST:

This is TELL ME MORE, from NPR News. I'm Michel Martin. Coming up, Courtney Roxanne Pearson was just crowned homecoming queen at her university last weekend. We hope you'll stick around to hear why she feels this is about more than a tiara and a title.

But first, tomorrow is the 25th anniversary of what is known in financial circles as Black Monday. And if you were watching the news at the time, then you probably heard a report that sounded something like this.

(SOUNDBITE OF NEWS REPORT)

Read more

11:06am

Thu October 18, 2012
Election 2012

Does Candidates' Debt Math Add Up?

Originally published on Thu October 18, 2012 1:25 pm

Transcript

MICHEL MARTIN, HOST:

This is TELL ME MORE, from NPR News. I'm Michel Martin. Coming up, we take a look back 25 years to the 1987 stock market crash, which some people still call Black Monday. We'll talk about how that even compares to the more recent market turmoil and if there's anything we can learn from it about market ups and downs today.

Read more

8:48am

Thu October 18, 2012
The Two-Way

Jobless Claims Take Sharp Jump: Rose By 46,000 Last Week

The number of first-time claims for jobless benefits rose by 46,000 last week, to 388,000, the Employment and Training Administration says.

The previous week's total — 342,000 — was the fewest since early 2008. The increase last week put claims back into the range where they've been stuck for a year, between 350,000 and 400,000.

Read more

Pages