Zoe Chace http://wfae.org en The Ballad Of The 13-Year-Old North Korean Capitalist http://wfae.org/post/ballad-13-year-old-north-korean-capitalist Transcript <p>ROBERT SIEGEL, HOST: <p>In North Korea, private businesses are illegal - or at least they're technically illegal. People aren't supposed to buy and sell stuff to each other, but they do it anyway. NPR's Zoe Chace, of our Planet Money team, has this story of a young North Korean woman who knew a business opportunity when she saw it, and had no qualms about pursuing it. One word - socks.<p>ZOE CHACE, BYLINE: She's just 23 years old. Easily excited, she wears makeup, a bright pink dress, likes to speak a little bit of English.<p>JOO YANG: OK, my name is Joo Yang. Wed, 09 Jul 2014 20:11:00 +0000 Zoe Chace 54557 at http://wfae.org Regulators Debate Effective Punishments For Guilty Banks http://wfae.org/post/regulators-debate-effective-punishments-guilty-banks Transcript <p>RENEE MONTAGNE, HOST: <p>And a lot of major banks have been getting into trouble lately - tax evasion, money-laundering, foreclosure, fraud - added to that list this week, sanctions violations. A big French bank will likely admit to the U.S. Justice Department that it handled billions of dollars in trades with Sudan. That's against the rules. But what are the consequences? As NPR's Zoe Chace explains, it's actually pretty hard to figure out how to punish a bank.<p>ZOE CHACE, BYLINE: A bank is a place that handles lots of money. Wed, 25 Jun 2014 09:06:00 +0000 Zoe Chace 53607 at http://wfae.org When Lyrics Get Posted Online, Who Gets Paid? http://wfae.org/post/when-lyrics-get-posted-online-who-gets-paid Any time a song is popular, you'll find people debating it. And at some point during that debate, someone is going to Google the lyrics.<p>There are roughly 5 million searches for lyrics per day on Google, according to LyricFind. Those searches often lead to websites that post lyrics to lots of songs — and, in many cases, sites that post ads alongside those lyrics.<p>David Lowery, frontman and songwriter for Cracker and Camper van Beethoven, is waging war on the sites he believes make money off song lyrics but don't pay the songwriter. Fri, 09 May 2014 07:53:00 +0000 Zoe Chace 50577 at http://wfae.org When Lyrics Get Posted Online, Who Gets Paid? Like So Many Magazines, 'Ladies' Home Journal' Cuts Back http://wfae.org/post/so-many-magazines-ladies-home-journal-cuts-back Transcript <p>RACHEL MARTIN, HOST: <p>This is WEEKEND EDITION from NPR News. I'm Rachel Martin. Ladies' Home Journal, the magazine that was once so popular with housewives and homemakers, is ending its 130-year run as a monthly magazine. The print magazine business has of course changed dramatically in the last few decades.<p>And Ladies' Home Journal saw its own advertising revenues drop by more than 50 percent over the last 10 years. But this story isn't just about business as you might expect. Sun, 27 Apr 2014 12:03:00 +0000 Zoe Chace 49812 at http://wfae.org Across The Atlantic, Glimpse An Alternate Internet Universe http://wfae.org/post/across-atlantic-glimpse-alternate-internet-universe Transcript <p>AUDIE CORNISH, HOST: <p>Already for many Americans, there are few options when it comes to high-speed broadband. And the reason, says Zoe Chace with our Planet Money team, goes back to a moment when the U.S. decided to go one way and the rest of the world went another.<p>ZOE CHACE, BYLINE: That moment, March 14th, 2002, a bunch of people from the Federal Communications Commission pondering an existential question. There's this brand-new cable coming into your home with the Internet on it. What is this thing?<p>Did you really sit around and say, like, what is this? Wed, 09 Apr 2014 21:02:00 +0000 Zoe Chace 48682 at http://wfae.org When Everyone Wants To Watch 'House Of Cards,' Who Pays? http://wfae.org/post/netflix-hit-spurs-talks-over-who-pay-internet-service-upgrades We are going to trace one simple Internet request. It's one that lots of people have made lately.<p>Rachel Margolis, a Time Warner cable subscriber in Brooklyn, wants to watch an episode of <em>House of Cards</em> on Netflix.<p>When Rachel clicks on <em>House of Cards</em> on her TV screen, her request travels out of her apartment on a cable, to a box on the corner, then under the East River to a giant building on the West Side of Manhattan. Thu, 27 Mar 2014 09:11:00 +0000 Zoe Chace 47784 at http://wfae.org When Everyone Wants To Watch 'House Of Cards,' Who Pays? Behind Ukraine's Political Strife: One Big Utility Bill http://wfae.org/post/behind-ukraines-political-strife-lies-one-big-utility-bill One way to understand the situation between Ukraine and Russia right now: Look at the gas bill of an ordinary Ukrainian.<p>Valentina Olachenka, for example, pays $19 a month for gas to heat her house and run her stove. The average American who uses natural gas, by contrast, spends more than $100 a month.<p>Gas is cheap for Ukrainians because the government is paying most of the bill — 87 cents of every dollar, according to the IMF.<p>The subsidy used to be relatively affordable for the government, back when Russia was giving Ukraine a really good deal on its gas. Fri, 07 Mar 2014 21:09:00 +0000 Zoe Chace 46481 at http://wfae.org Behind Ukraine's Political Strife: One Big Utility Bill An Old Law, A Snowy Winter, And A Modern-Day Salt Shortage http://wfae.org/post/how-old-law-caused-modern-day-salt-shortage There were so many winter storms in New Jersey this year that the state nearly ran out of the salt used to melt snow and ice on the roads.<p>State officials thought they had found a solution when they discovered an extra 40,000 tons of rock salt for sale up in Searsport, Maine.<p>The state bought the salt but ran into problems getting it to New Jersey — despite the fact that there was an enormous, empty cargo ship, sitting at the Searsport port, headed down to Newark.<p>"I mean, it was just like serendipity," says Joe Dee, chief of staff with the New Jersey Department of Transportation. Fri, 28 Feb 2014 08:28:00 +0000 Zoe Chace 45990 at http://wfae.org An Old Law, A Snowy Winter, And A Modern-Day Salt Shortage What It Was Like To Be A Wall Street Recruit After The Bailouts http://wfae.org/post/what-it-was-be-wall-street-recruit-after-bailouts Back in 2012, reporter Kevin Roose went undercover at a very exclusive party.<p>It was a dinner for a secret society, held once a year, at the St. Regis hotel in New York City. The secret society is called Kappa Beta Phi, and it's made up of current and former Wall Street executives — people like Michael Bloomberg, former heads of Lehman Brothers, Bear Stearns, Goldman Sachs. And every year the group holds a dinner to induct new people into the group — they're called neophytes.<p>No reporter has ever made it in. Roose wore a tuxedo, and got a seat at a table. Thu, 20 Feb 2014 08:43:00 +0000 Zoe Chace 45410 at http://wfae.org What It Was Like To Be A Wall Street Recruit After The Bailouts Spirit Airlines Taps A Nation Of Hate Fliers http://wfae.org/post/spirit-airlines-taps-nation-hate-fliers Spirit Airlines is one of the fastest-growing airlines in America. Last week, we flew Spirit from New York to Fort Lauderdale for $68.99 each. Cheap!<p>But that doesn't count fees. We paid $30 extra to pick our seats ahead of time. Once you're on the plane, a bottle of water costs $3. Even putting a bag in the overhead bin costs money on Spirit.<p>Somewhere between New York and Florida, the guy sitting across the aisle from us leaned over and said, "This sucks."<p>"I had to ask them if they charge to go to the bathroom," he said. Wed, 19 Feb 2014 21:41:00 +0000 Zoe Chace & Jacob Goldstein 45386 at http://wfae.org Spirit Airlines Taps A Nation Of Hate Fliers