Business

2:03am

Thu September 13, 2012
Economy

Fed Stimulus Expected, But Remedy May Not Be Right

Originally published on Thu September 13, 2012 9:02 am

Federal Reserve Chairman Ben S. Bernanke in a hearing of the Joint Economic Committee on Capitol Hill in June.
Brendan Smialowski AFP/Getty Images

Federal Reserve policymakers are meeting in Washington, trying to decide whether — and exactly how — to boost the sluggish economy. Many analysts are expecting the Fed to take action, but they're also beginning to question whether another stimulus program will have any effect.

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6:44pm

Wed September 12, 2012
U.S.

When Telemarketers Pocket Money Meant For Charity

Originally published on Thu September 13, 2012 2:55 pm

Telemarketers at work at an InfoCision call center. The for-profit company solicits millions in charitable donations each year and also provides marketing services to for-profit clients.
Courtesy of InfoCision

Americans donate billions of dollars to charity each year, and a portion of that money is raised by telemarketing solicitations.

Some of those charitable contributions are solicited by InfoCision Management Corp., an Ohio-based telemarketing company that, on its website, claims to raise more money for nonprofit organizations over the phone than any other company n the world.

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6:22pm

Wed September 12, 2012
All Tech Considered

New iPhone Plug Spells Inconvenience For Users, Change For Accessory Makers

The Lightning connector replaces Apple's 30-pin connector.
Apple

I kind of think of Philz Coffee in Palo Alto, Calif., as the epicenter of Apple fanatics. It's so hip, only hand-poured specialty blends are sold here.

Every day dozens of techie types come to Philz for coffee and then lounge around on the leather sofa sipping away, often with Apple products scattered in front of them.

Yeliz Ustabas has an Apple laptop perched next to her and an iPhone balanced on her knee.

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1:39pm

Wed September 12, 2012
The Two-Way

Apple Unveils New, Thinner, Lighter iPhone 5

Originally published on Wed September 12, 2012 4:02 pm

Apple Senior Vice President of Worldwide product marketing Phil Schiller announces the new iPhone 5 during an Apple special event at the Yerba Buena Center for the Arts in San Francisco, Calif.
Justin Sullivan Getty Images

Moments ago in San Francisco, Apple's Phil Schiller unveiled the latest incarnation of the company's massively popular smartphone.

The iPhone 5, said Schiller, is "the most beautiful product we've ever made."

Of course, you want to know what's different about this model: Essentially it's thinner, lighter, faster and also has a bigger screen than the iPhone 4s.

The device also comes equipped to work with faster wireless networks like LTE, which AT&T, Sprint and Verizon carry.

The AP adds:

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1:09pm

Wed September 12, 2012
Planet Money

More Jobs, Smaller Paychecks

Originally published on Wed September 12, 2012 8:54 pm

Real earnings for full-time workers from 1967 to 2011
Census Bureau

After falling during the recession, the number of Americans with full-time jobs increased last year.

But median earnings for full-time workers fell. (Also: The wage gap between men and women did not change.)

And household income was stagnant across the income spectrum.

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12:43pm

Wed September 12, 2012
Race

Is The Black Middle Class Disappearing?

Originally published on Thu September 13, 2012 11:33 am

Transcript

MICHEL MARTIN, HOST:

This is TELL ME MORE from NPR News. I'm Michel Martin. We've been talking a lot about the economy in the past couple of weeks. The issue was at the forefront of the two political conventions that just ended and put a further exclamation point on the debate over whether Barack Obama or Mitt Romney would be the best person to address the issue.

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12:37pm

Wed September 12, 2012
The Salt

McDonald's Adds Calorie Counts And Maybe Grilled McNuggets To Menu

Originally published on Tue September 18, 2012 2:47 pm

The iconic Big Mac is still 550 calories.
courtesy McDonald's

If you didn't know that a Big Mac has 550 calories, or the Southwest Chicken Salad has 290, those numbers will be hard to miss the next time you visit McDonald's.

That's because the fast-food giant announced today that it will begin posting calories on its menu boards right above customers heads in the restaurant, and at the drive-thru starting next week.

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8:34am

Wed September 12, 2012
All Tech Considered

Do iPhone Announcements Get More Attention Than They Deserve?

There will be a lot of questions about the iPhone 5 before its release Wednesday. Less popular among them: Why do we care so much?

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5:18am

Wed September 12, 2012
Business

4 Years After Bankruptcy, How Is Lehman Faring?

Originally published on Wed September 12, 2012 9:28 pm

Transcript

RENEE MONTAGNE, HOST:

It was four years ago this week that the big Wall Street investment bank Lehman Brothers declared bankruptcy. Its collapse sent shockwaves around the world and brought on the worst of the financial crisis. But the story didn't end there. Lehman Brothers is still in business - sort of.

Planet Money's Adam Davidson went to its offices in New York, and is here to tell us about it.

Good morning.

ADAM DAVIDSON, BYLINE: Good morning.

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5:18am

Wed September 12, 2012
Business

IRS Awards $104 Million To Whistle-Blower

Originally published on Wed September 12, 2012 9:28 pm

Transcript

STEVE INSKEEP, HOST:

After a scandal, somebody finally gets rich for doing the right thing. It's NPR's business news.

A former banker, Bradley Birkenfeld, has just been awarded $104 million by the IRS. That is believed to be the largest amount ever paid to an individual whistle-blower. Birkenfeld told the IRS how a Swiss bank was helping thousands of Americans evade taxes, and was then thrown in jail.

RENEE MONTAGNE, HOST:

NPR's Wendy Kaufman has more.

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