Business

5:34am

Sat September 22, 2012
Europe

'Time Banks' Help Spaniards Weather Financial Crisis

Originally published on Sat September 22, 2012 10:35 am

Unemployment is rampant in Spain and full-time jobs are scarce. Here a woman works at a street stall in Madrid. Some Spaniards are signing up for "time banks," where individuals perform services based on their skills, and receive another service in return. No money changes hands. A woman is shown here working at a street stall in Madrid.
Oli Scarff Getty Images

After saving money for years, Lola Sanchez was finally able to buy a car refitted with a ramp and space for a wheelchair in the back for her teenage son, who has cerebral palsy.

A nurse used to come each day to help with her son's care. That service was cut amid government austerity measures, though Sanchez still gets a small check every month.

"What I need is physical help, even more than financial assistance," Sanchez says, "because I can't physically lift him on my own."

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6:34pm

Fri September 21, 2012
The Two-Way

Kickstarter Says It 'Is Not A Store' As It Revises Policy On Projects' Risks

Originally published on Fri September 21, 2012 11:06 pm

A screengrab shows three highly funded Design projects currently on Kickstarter's site. The company's founder say they will require more information about the challenges potential entrepreneurs could face.
NPR

Even as it has received praise for bringing innovative ideas to life, Kickstarter has been criticized for allowing creators to be a little fuzzy about their plans — and for providing little recourse to investors who become unsatisfied with the project they've supported. The site has now announced changes that it hopes will ease those troubles.

The biggest change is a new section called "Risks and Challenges," which requires potential entrepreneurs to list the obstacles they face, and how they plan to deal with them.

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2:34pm

Fri September 21, 2012
The Salt

Juice Maker Helps Tight End Block Thieving Teammates

Originally published on Fri September 21, 2012 4:58 pm

Niles Paul (right) at a Redskins practice with then-teammate Tim Hightower, before the juice-stealing incidents came to light.
Carolyn Kaster AP

Niles Paul had a problem. The second-year tight end for the Washington Redskins couldn't stop his teammates from stealing his Capri Sun. You know, Capri Sun — those sugary-sweet packets of juice that come in triangular foil containers with their own straws attached.

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9:49am

Fri September 21, 2012
The Two-Way

Another iPhone, Another Day Of Long Lines And Big Hype

Originally published on Fri September 21, 2012 10:51 am

In Tokyo today, a customer on line for the iPhone 5 was wearing a Steve Jobs mask.
Yoshikazu Tsuno AFP/Getty Images

It's a "now familiar global ritual," as The Associated Press says: Apple fans are lining up today at stores "from Sydney to Paris to pick up the tech juggernaut's latest iPhone."

That would be the iPhone 5, which the company unveiled earlier this month.

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6:04am

Fri September 21, 2012
Business

Want An iPhone 5 But Don't Want To Stand In Line?

Originally published on Fri September 21, 2012 7:08 am

Transcript

RENEE MONTAGNE, HOST:

And our last word in business today is: Why wait?

American consumers will likely go to great lengths - and stand in lines of great lengths - to get the iPhone 5, which goes on sale today.

STEVE INSKEEP, HOST:

People are lining up in front of Apple stores already. But this is a market economy, after all, and time is money, which explains why some people are paying others to stand in line for them.

IAN DEBORHA: I'm getting paid $55 for four hours.

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6:04am

Fri September 21, 2012
Business

Trulia's IPO Tests Appetite For Tech Start-Ups

Originally published on Fri September 21, 2012 3:47 pm

Transcript

STEVE INSKEEP, HOST:

The real estate website Trulia is successfully riding the housing recovery, and has just gone public. After one day of trading, the San Francisco-based company is valued at well over half-a-billion dollars.

From our member station KQED, Aarti Shahani reports this is seen as a boost for the tech sector after Facebook's shaky plunge into the stock market.

(SOUNDBITE OF CAR DOOR SLAMMING)

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6:04am

Fri September 21, 2012
Business

Are New Rules Needed For High-Speed Stock Trading?

On Capitol Hill, some members of Congress are asking whether new rules are needed to reign in high-speed stock market trading. Democratic Senator Jack Reed told a conference of traders that there is enough evidence to warrant a closer look.

4:10am

Fri September 21, 2012
Planet Money

The Downside Of Tax Havens? Paperwork.

Originally published on Fri September 21, 2012 3:44 pm

Unbelizable and Delawho? company documents, along with our official company stamp.
Lam Thuy Vo NPR

We were curious how hard it would be to set up an offshore company, so this summer we bought two. We at Planet Money are now the proud owners of "Unbelizable Inc." in Belize and "Delawho? LLC" in Delaware. The whole process was quick and easy.

At least that's how it seemed at first — until we got an email from David Buckley, a tax lawyer at Rogin Nassau, telling us we had just walked into an IRS sinkhole.

Buckley described it as "a minefield of U.S. tax obligations," and he said he was worried about me. (The companies are in my name.)

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3:15pm

Thu September 20, 2012
All Tech Considered

Electronic Pull-Tab Gambling Hits The iPad In Minnesota Bars

Originally published on Thu September 20, 2012 4:30 pm

Booths that sell paper pull-tab games like this one have new competition in Minnesota: electronic pull-tab games played on iPads. The games are meant to help pay for a new football stadium in Minneapolis.
Jim Mone AP

Minnesota gamblers no longer have to rip paper pull-tabs to see if they've won cash: As of this week, they can use iPads to play, and play again, at the click of a button. The venture was sparked by the need to help pay for a new Minnesota Vikings football stadium, which will cost an estimated $975 million.

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2:30pm

Thu September 20, 2012
Author Interviews

A Close Look At Your Bills' 'Fine Print'

Originally published on Thu September 27, 2012 2:20 pm

Americans are paying high prices for poor quality Internet speeds — speeds that are now slower than in other countries, according to author David Cay Johnston. He says the U.S. ranks 29th in speed worldwide.

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