Business

4:37am

Thu October 18, 2012
Business

The Last Word In Business

Originally published on Thu October 18, 2012 12:11 pm

Transcript

RENEE MONTAGNE, HOST:

And today's last word in business reminds us how quickly Internet memes, those viral moments come and go. Our last word is: binders full of sales.

A promotional pitch from Spirit Airlines, in a reference to this line from Mitt Romney during Tuesday night's debate defending his record on hiring women.

(SOUNDBITE OF PRESIDENTIAL DEBATE)

MITT ROMNEY: I went to a number of women's groups and said can you help us find folks and they brought us whole binders full of women.

DAVID GREENE, HOST:

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4:37am

Thu October 18, 2012
Television

ABC's Kimmel To Compete Against Late-Night Kings

Originally published on Thu October 18, 2012 12:11 pm

Transcript

DAVID GREENE, HOST:

Let's go now to a different type of media: late night television, where huge changes are afoot. Jimmy Kimmel is getting a better time slot. Arsenio Hall is coming back. Jay Leno took a pay cut, and Jon Stewart cleans up at 11 o'clock.

(SOUNDBITE OF TV SHOW, "THE DAILY SHOW")

JON STEWART: Yes! President Barack Obama decided to attend this debate. And the two candidates can finally have a truthful, substantive discussion about how much they (bleep) hate each other.

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4:37am

Thu October 18, 2012
Business

E.U. Summitt To Discuss Currency Commission

Originally published on Thu October 18, 2012 12:11 pm

Transcript

RENEE MONTAGNE, HOST:

NPR's business news starts a plan to save the euro.

(SOUNDBITE OF MUSIC)

MONTAGNE: A week after the European Union won the Nobel Peace Prize, its leaders are meeting in Brussels to discuss strengthening their fiscal union to help stabilize European economies. Any the afterglow from receiving the peace prize has been dimmed by renewed divisions on how best to tackle the debt crisis, which suggests that this meeting won't make much progress.

NPR's Soraya Sarhaddi Nelson reports.

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4:37am

Thu October 18, 2012
Business

Japan's Softbank CEO Demonstrates Appetite For Risk

Originally published on Thu October 18, 2012 12:11 pm

Transcript

DAVID GREENE, HOST:

Earlier this week, a Japanese company announced a $20 billion bid for a majority stake in Sprint-Nextel, America's third-largest mobile carrier. The deal was launched by the CEO of Softbank - an executive who says he has a 300-year business plan and who is fond of making investments his peers call crazy.

Lucy Craft has this profile.

LUCY CRAFT, BYLINE: In a society where conformity, conservatism and harmony are virtues, CEO Masayoshi Son breaks all the rules, says his biographer, Shinichi Sano.

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3:33am

Thu October 18, 2012
Middle East

Sheldon Adelson Shakes Up Israeli Newspaper Market

Originally published on Sun October 21, 2012 11:04 am

Former staff of Israel's daily Maariv newspaper protest their dismissals on Sept. 20, in Tel Aviv. The newspaper, one of the country's oldest, is on the verge of closure.
Uriel Sinai Getty Images

Israel's newsstands are looking noticeably less crowded these days, as a crisis in the Israeli press threatens several of the country's oldest publications. Media experts in Israel say that market competition and a tendency to buy political influence through media ownership have crippled Israel's once-thriving newspaper market.

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3:32am

Thu October 18, 2012
Planet Money

A Tax Plan That Economists Love (And Politicians Hate)

Originally published on Fri October 19, 2012 12:51 pm

The mortgage is going to cost more than you thought.
Paul Sakuma AP

Watching a presidential campaign, it's easy to think that the nation is deeply divided over how to fix the economy. But when you talk to economists, it turns out they agree on an enormous number of issues.

So we brought together five economists from across the political spectrum and had them create their dream presidential candidate. Over the next few days, we'll have a series of stories on our economists' dream candidate. We start this morning with some changes to the tax code.

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5:48pm

Wed October 17, 2012
Sports

Nike Drops Sponsorship Of Armstrong Over Doping

Originally published on Wed October 17, 2012 7:09 pm

Transcript

MELISSA BLOCK, HOST:

From NPR News, this is ALL THINGS CONSIDERED. I'm Melissa Block.

ROBERT SIEGEL, HOST:

And I'm Robert Siegel.

We begin this hour with major fallout for Lance Armstrong. Last week's scathing report from the U.S. Anti-Doping Agency linked Armstrong to a widespread doping program in cycling. Today, Armstrong stepped down as chairman of the foundation Livestrong, which he created to support those with cancer. Armstrong also lost major sponsors, including longtime supporter Nike. NPR's Tom Goldman begins our coverage.

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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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