Business

8:03am

Sat September 1, 2012
The Salt

Want To Grill Like A Zillionaire? There's An App For That

Originally published on Wed September 19, 2012 4:14 pm

The iGrill on display at Macworld 2011in San Francisco.
Tony Avelar Bloomberg via Getty Images

There are so many cooking apps out there, it's easy to get lost. Good thing the iGrill has Facebook founder Mark Zuckerberg on its side.

Sales of the $80 device spiked by 400 percent after Zuckerberg updated his Facebook status on Aug. 19 with an enthusiastic thumbs up for the iGrill, a cooking thermometer that uses Bluetooth to connect to the iPhone, iPad and iPod Touch.

Read more

6:12am

Sat September 1, 2012
Your Money

Saving For Retirement? Here's A Tip

Originally published on Tue September 4, 2012 5:05 pm

Anyone with a 401(k) retirement plan has been painfully aware of the gyrations in the stock market in recent years. The market has come back up lately, but the economy is still in low gear, so many analysts aren't too bullish in the short term. Also, treasuries and CDs are offering tiny returns.

So what's the average American trying to save for retirement to do? Answers are percolating at an annual economics retreat in Maine.

Read more

5:11pm

Fri August 31, 2012
Planet Money

Inside America's Most Indebted City

Originally published on Thu September 6, 2012 4:58 pm

A garbage truck at the Harrisburg, Pa., incinerator.
Mladen Antonov AFP/Getty Images

Harrisburg, Pa., leads the nation in a dubious distinction: It has the most debt per capita of any U.S. city. The town's 50,000 citizens are on the hook for $1.5 billion.

The bizarre tale behind the massive debt includes a do-gooder who skipped town, an epically mismanaged incinerator, and possible criminal behavior.

Read more

4:45pm

Fri August 31, 2012
The Salt

Battle Over Michigan's New Swine Rules Goes Hog Wild

Originally published on Wed September 19, 2012 4:33 pm

A Russian sow on Mark Baker's farm. Four other parties have joined Baker's lawsuit against the Michigan Department of Natural Resources.
Courtesy of Long Haul Productions

It's estimated that as many as 3,000 wild pigs are on the loose in Michigan. Nationwide, they cause more than $1.8 billion in damage to farms each year. So recently, the state's Department of Natural Resources put Russian boar on the state's invasive species list.

Read more

4:31pm

Fri August 31, 2012
The Two-Way

Thieves Hit Warehouse Holding $30 Million Of Canadian Maple Syrup

Originally published on Fri August 31, 2012 6:27 pm

Maple syrup bottles sit on a shelf. A Canadian syrup producers' federation says a warehouse holding "over 10 million pounds of maple syrup" was recently burglarized.
Toby Talbot AP

Every nation stockpiles vital resources — think of the U.S. Petroleum Reserve, for instance. In Canada, they have warehouses holding millions of pounds of maple syrup. And recently, one of them was the site of what may be "the sweetest heist of all time," as The Vancouver Sun reports.

Read more

3:08pm

Fri August 31, 2012
Economy

Are Today's Millennials The 'Screwed Generation'?

Originally published on Mon September 3, 2012 6:18 pm

Graduates attend a ceremony at the University of Alabama in Tuscaloosa. Writer Joel Kotkin notes that many recent college grads are saddled with high debt and dim job prospects.
Butch Dill AP

U.S. student loan debt tops $1 trillion, and young people face disproportionately high unemployment. Writer Joel Kotkin points to these numbers when he claims today's millennial generation is getting the short end of the stick. Kotkin speaks with Tell Me More host Michel Martin about his Newsweek/Daily Beast article on what he calls the "screwed generation."

Read more

2:43pm

Fri August 31, 2012
U.S.

Gas Prices Expected To Retreat As Isaac Fades

Originally published on Fri August 31, 2012 6:12 pm

A man fills his gas tank Wednesday in Lyndhurst, Ohio. Gas prices surged as Isaac approached, but are expected to ease after Labor Day.
Tony Dejak AP

As a tropical storm was gathering strength last week, fears were growing that the fierce winds might knock out Gulf Coast refineries, send gasoline prices soaring and seriously damage the U.S. economy.

But when Hurricane Isaac slammed into the Gulf Coast on Tuesday, it was only a Category 1 hurricane, far weaker than Katrina, the monster storm that hit seven years ago.

Read more

12:48pm

Fri August 31, 2012
Business

Bernanke Defends His Efforts To Lift Economy

Transcript

DAVID GREENE, HOST:

NPR's business news starts with the latest comments from Ben Bernanke

(SOUNDBITE OF MUSIC)

Read more

10:29am

Fri August 31, 2012
The Two-Way

Fed Chief Bernanke Issues Strong Hint Of Further Stimulus

Originally published on Fri August 31, 2012 10:49 am

Federal Reserve Chairman Ben Bernanke arrives for a dinner at the Jackson Hole Economic Symposium on Thursday.
Ted S. Warren AP

As the AP reads it, Federal Reserve Chairman Ben Bernanke stopped just short of "committing the Fed to any specific move, such as another round of bond purchases to lower long-term interest rates."

Bernanke gave a speech at the Federal Reserve Bank of Kansas City Economic Symposium in Jackson Hole, Wy. today. As with all his speeches, it was being closely watched for signs on what the Federal Reserve would do next.

Read more

4:44am

Fri August 31, 2012
Business

Buffett Donates More To His Children's Foundations

Originally published on Fri August 31, 2012 12:48 pm

Transcript

DAVID GREENE, HOST:

And our last word in business today is Happy Birthday.

Turns out when you're a billionaire investor you can celebrate any way you want. Warren Buffett turned 82 yesterday and his wish was to give away billions, so he did, in the form of millions of dollars worth of his company stock. All told, those shares will eventually be worth about $3 billion. That gift was divided between his three children's charitable foundations.

NPR's Sonari Glinton has more.

Read more

Pages