Business

5:43pm

Fri January 10, 2014
The Salt

American Beer Fans, Praise The Heavens: A Trappist Brewery In U.S.

Originally published on Mon January 13, 2014 4:27 pm

Spencer Trappist Ale, made by the first official Trappist brewery outside Europe, will go on sale next week in Massachusetts.
Nick Hiller The Spencer Brewery

The town of Spencer, in central Massachusetts, isn't well known for ... well, anything, really. But it's about to become internationally famous — at least in beer-drinking circles.

Spencer is home to St. Joseph's Abbey, where robed monks are busy brewing the first American Trappist beer. If all goes as planned, Spencer Trappist Ale will be available in Massachusetts retail stores by the middle of next week.

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5:34pm

Fri January 10, 2014
Economy

December Jobs Report Disappoints

Originally published on Fri January 10, 2014 7:19 pm

Transcript

AUDIE CORNISH, HOST:

It's ALL THINGS CONSIDERED from NPR News. I'm Audie Cornish.

ROBERT SIEGEL, HOST:

And I'm Robert Siegel.

Is it a bad economy or just bad data? That's the question today after a new round of disappointing employment numbers. The government reported the economy added just 74,000 jobs in December, well below expectations. The other surprise, the unemployment rate still dropped.

NPR's John Ydstie spent the day talking with economists about the report, and many say they just don't believe it.

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5:31pm

Fri January 10, 2014
Planet Money

How A Community Bank Tripped On Footnote 1,861 Of The Volcker Rule

Originally published on Fri January 17, 2014 12:05 pm

When people talk about the Volcker Rule, they often mention JPMorgan Chase, the giant bank where a trader recently made a bad bet that lost $6 billion. The Volcker Rule is supposed to put an end to that sort of thing, by prohibiting banks from trading with their own money.

But some banks that are very, very different from JPMorgan Chase are struggling with an obscure provision in the rule. Specifically, footnote 1,861, which bars banks from investing in something called trust-preferred securities — a rather obscure investment favored by lots of small, community banks invest

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5:09pm

Fri January 10, 2014
Politics

Tech Companies 'Gob-Smacked' To Find NSA Collecting Data

Originally published on Fri January 10, 2014 7:19 pm

Transcript

AUDIE CORNISH, HOST:

Changes are coming soon to the way the National Security Agency gathers information about people all over the globe. President Obama is slated to speak next Friday about what action he'll take to revamp the NSA surveillance programs, which were revealed in news leaks from former NSA contractor Edward Snowden. The president has been meeting with stakeholders for several months, including executives from some of the biggest technology firms.

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5:09pm

Fri January 10, 2014
Economy

For Target, Holiday Woes Are Worse Than Expected

Originally published on Fri January 10, 2014 7:19 pm

Transcript

AUDIE CORNISH, HOST:

From NPR News, this is ALL THINGS CONSIDERED. I'm Audie Cornish.

ROBERT SIEGEL, HOST:

And I'm Robert Siegel.

The retail giant Target delivered more bad news today. The company was the victim of a massive security breach before Christmas, and today it announced that that cyber-attack was much worse than originally reported. NPR's Sonari Glinton explains.

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3:11pm

Fri January 10, 2014
All Tech Considered

Tech Week That Was: CES, T-Mobile CEO And Predictions For 2014

Originally published on Fri January 10, 2014 5:12 pm

John Legere, CEO and president of T-Mobile USA, crashed rival AT&T's Consumer Electronics Show party and won a slew of free publicity as a result.
John Moore Getty Images

It's 2014 and we're back to full team strength, which means we've returned with your guide to the week's previous tech coverage on NPR (in case you missed it) and from our friends at what seems like an ever-growing crop of tech journalism organizations.

ICYMI

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3:07pm

Fri January 10, 2014
Business

What's Behind The Drop In Unemployment

Originally published on Fri January 10, 2014 3:20 pm

Shoppers make a purchase at an outlet mall in Los Angeles. Employers added 55,000 jobs in the retail sector in December.
Gus Ruelas Reuters/Landov

Whether you had a job or were looking for one, December was a gloomy month.

The Labor Department said Friday that for December, employers added only 74,000 jobs — about a third as many as most economists had been predicting. That was the lowest level of job creation in three years — not exactly the news that 10.4 million job seekers wanted to hear.

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11:46am

Fri January 10, 2014
Economy

Why Getting A Job Doesn't Mean Getting Out Of Poverty

Originally published on Fri January 10, 2014 1:47 pm

Transcript

MICHEL MARTIN, HOST:

I'm Michel Martin and this is TELL ME MORE from NPR News. This week, we, like many of our colleagues, have been talking about poverty because this week marks 50 years after President Lyndon Johnson declared a war on poverty. Later this hour, we'll speak with a minister who now preaches from the same pulpit where the Reverend Martin Luther King Jr. once stood in Atlanta - Ebenezer Baptist Church. And he's asking whether the black church is still a force for addressing issues like poverty. That's later.

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9:35am

Fri January 10, 2014
Parallels

Cuba, Land Of The $250,000 Family Sedan

Originally published on Fri January 10, 2014 1:57 pm

Cubans look at new and used foreign-made cars for sale at a car dealer in Havana on Jan. 3.
Adalberto Roque AFP/Getty Images

For the first time in more than 50 years, the Cuban government began selling new and used vehicles last week to anyone with the money to buy one. And as crowds gathered at state-owned car lots in Havana to check out the inventory, a consensus quickly emerged.

The cars on sale had either been priced by callous, greedy idiots, or the Cuban government had become the most incompetent automobile retailer in the world.

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8:28am

Fri January 10, 2014
The Two-Way

Target Says 70 Million Individuals' Data May Have Been Stolen

Originally published on Fri January 10, 2014 9:52 am

Justin Sullivan Getty Images

The size of the data breach at Target Co. stores late last year took a sharp rise Friday when the retailer said it now estimates that up to 70 million individuals may have had information that includes their "names, mailing addresses, phone numbers or email addresses" stolen.

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