Business

3:06am

Wed March 20, 2013
Financial Basics For Baby Boomers

Annuities Explained: The Choices And Red Flags

Originally published on Wed March 27, 2013 9:32 am

iStockphoto.com

Companies are licking their chops at the prospect of a wave of baby boomers leaving their jobs with trillions of dollars in 401(k)s and other savings accounts, so older Americans may find themselves bombarded with ads for annuities. And younger boomers, too, may be targeted, since many are helping their parents with investment decisions.

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6:21pm

Tue March 19, 2013
Business

Odd Political Bedfellows Agree: Banks Still Too Big To Fail

Originally published on Tue March 19, 2013 7:51 pm

Sen. Elizabeth Warren, D-Mass., questions Federal Reserve Board Chairman Ben Bernanke during a Senate hearing last month. Senators from both ends of the political spectrum argue that financial reforms are insufficient to protect taxpayers from potential risks posed by large banks.
Gary Cameron Reuters/Landov

Amid Washington's dysfunction, one issue has united some liberal Democrats and conservative Republicans: a common concern that "too big to fail" is alive and well.

Despite the Dodd-Frank financial reforms, these lawmakers believe the nation's largest banks still pose a threat to the economy and that the government will step in to bail them out if they get in trouble.

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4:49pm

Tue March 19, 2013
The Salt

Cash Back On Broccoli: Health Insurers Nudge Shoppers To Be Well

A shopper at a branch of South African retailer Pick n Pay in Johannesburg. Health insurer Discovery offers rebates on health food at the chain to its members who enroll in a health promotion program.
SIPHIWE SIBEKO Reuters /Landov

At $2.50 a pound, broccoli may seem too expensive. But cut the price by 25 percent, and our thinking about whether we should buy it may change.

A study published in the American Journal of Preventive Medicine concludes that rebates on healthy food purchases lead to significant changes in what people put in their grocery carts.

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3:46pm

Tue March 19, 2013
The Two-Way

Supreme Court OKs Discounted Resale Of 'Gray Market' Goods

Originally published on Tue March 19, 2013 7:51 pm

People stand in line outside the U.S. Supreme Court on Monday.
Chip Somodevilla Getty Images

The Supreme Court ruled on Tuesday that U.S. companies that make and sell products abroad cannot prevent those items from being resold in the U.S.

The 6-3 decision — likely worth billions, even trillions of dollars — could have repercussions that extend from U.S. trade policy to local yard sales.

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1:29pm

Tue March 19, 2013
The Two-Way

Flush With Oil, Abu Dhabi Opens World's Largest Solar Plant

Originally published on Tue March 19, 2013 2:34 pm

Rows of parabolic mirrors at the Shams 1 plant in Abu Dhabi.
Marwan Naamani AFP/Getty Images

Abu Dhabi, the most oil-rich of the United Arab Emirates, is now home to the world's single-largest concentrated solar power plant.

The 100-megawatt Shams 1 plant cost an estimated $750 million and is expected to provide electricity to 20,000 homes, according to the BBC.

Why, you might ask?

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11:37am

Tue March 19, 2013
The Two-Way

Lululemon Vows To Get To The Bottom Of Its See-Through Pants Problem

Originally published on Tue March 19, 2013 1:51 pm

Perhaps not the moment when you want "increased sheerness."
iStockphoto.com

The buns ... er, puns ... seem endless:

Lululemon, the yoga and running clothier, concedes in a letter to its customers that some of the black "luon women's bottoms" it has been selling since early March aren't quite covering their "guests" the way they should.

As Lululemon puts it, there's been some "increased sheerness."

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9:38am

Tue March 19, 2013
Europe

Cyprus Proposes Exempting Smaller Deposits From Tax

Originally published on Tue March 19, 2013 10:42 am

Transcript

RENEE MONTAGNE, HOST:

Lawmakers in Cyprus are trying to ease rage over a proposed tax on all bank deposits by exempting people who have relatively small accounts. It's part of a bailout plan for that Mediterranean country negotiated with the E.U. and IMF over the weekend, but the compromise on taxes may not be enough for Cyprus' parliament to pass the plan.

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8:57am

Tue March 19, 2013
The Two-Way

Cyprus Lawmakers Reject Unpopular Bailout Plan

Originally published on Tue March 19, 2013 3:55 pm

A Cypriot woman holds a sign during a protest against an EU bailout deal outside the Parliament in Nicosia on Monday.
Patrick Baz AFP/Getty Images

Update at 2:25 p.m. ET: Deal Turned Down:

Cyprus lawmakers have rejected the bank tax bill, with zero votes in favor, 36 against and 19 abstentions, after a two-hour debate, The Associated Press and Reuters news agencies report. The bill's rejection throws into doubt the $13 billion international bailout package needed to forestall a default.

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8:47am

Tue March 19, 2013
The Two-Way

Housing Rebound Continues: Starts Rose 0.8 Percent In February

A home under construction in Atlanta late last year. The housing sector is now one of the economy's bright spots.
Erik S. Lesser EPA /LANDOV

Construction was begun on 0.8 percent more homes in February than in January, the Census Bureau and Department of Housing and Urban Development say. Their report is another in a series of signs in recent months that the housing sector's rebound continues.

The number of "housing starts" was up 27.7 percent from February 2012.

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5:15am

Tue March 19, 2013
Business

2 Former CalPERS Officials Indicted For Fraud

Originally published on Tue March 19, 2013 10:42 am

Transcript

RENEE MONTAGNE, HOST:

NPR's business news starts with charges of pension fraud.

(SOUNDBITE OF MUSIC)

MONTAGNE: A federal grand jury has indicted the former CEO of the California Public Employees' Retirement System.

NPR's Sonari Glinton has more on the bribery and influence-peddling case.

SONARI GLINTON, BYLINE: Let's start with the characters. There's Calpers - or the California Public Employees Retirement Systems. As pensions systems, go you can't get bigger.

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