NPR Business

Planet Money
3:31 am
Fri September 20, 2013

Cashing In On The Fantasy-Sports Economy

Lots of fantasy managers are taking out insurance on Adrian Peterson this year.
Charles Rex Arbogast AP

Originally published on Tue September 24, 2013 4:04 pm

There's big money in fantasy sports. Last year, alone, people paid $1.7 billion to play in fantasy leagues. With all that money sloshing around, a fantasy economy has sprung up, giving rise to real businesses. Here are four of them.

The Insurance Company

Henry Olszewski founded Fantasy Sports Insurance in 2008 — the year the financial system nearly collapsed. And, more importantly, the year New England Patriots quarterback Tom Brady suffered a serious hit to the knee.

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It's All Politics
3:28 am
Fri September 20, 2013

House Nears Vote To Fund Government, Defund Obamacare

House Speaker John Boehner, R-Ohio, talks about the deadline to fund the government Thursday on Capitol Hill.
J. Scott Applewhite AP

Originally published on Fri September 20, 2013 11:18 am

The Republican-controlled House is set to vote Friday on a stopgap spending bill to keep the government open for business through the middle of December. And the White House has already said if it makes it to the president's desk, he'll veto it. That's because the bill also would defund the Affordable Care Act.

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Environment
12:08 am
Fri September 20, 2013

EPA Wants To Limit Greenhouse Gases From New Coal Power Plants

Mississippi Power's Kemper County energy facility near DeKalb, Miss., seen under construction last year. Carbon dioxide will be captured from this plant and used to stimulate production of oil from existing wells.
Rogelio V. Solis AP

Originally published on Fri September 20, 2013 8:11 pm

The Environmental Protection Agency's second stab at a proposal to set the first-ever limits on greenhouse gas emissions from new power plants would make it impossible for companies to build the kind of coal-fired plants that have been the country's biggest source of electricity for decades.

Under the proposal, released Friday, any new plant that runs on coal would be permitted to emit only about half as much carbon dioxide as an average coal plant puts into the air today.

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Middle East
5:16 pm
Thu September 19, 2013

Turkey's Lira Falls To Its Lowest Value In Years

Originally published on Thu September 19, 2013 7:07 pm

Potential changes in economic policy from Washington have sent tremors throughout emerging economies. In Turkey, where growth in recent years has put Eurozone economies to shame, the signs are troubling: The Turkish lira has fallen to its lowest value in years and private sector debt is soaring. Economists say continued liquidity and foreign investment remains crucial if Turkey is to avoid a hard landing.

Business
5:16 pm
Thu September 19, 2013

JPMorgan Chase To Pay Huge Fine In London Whale Settlement

Originally published on Thu September 19, 2013 7:07 pm

Transcript

AUDIE CORNISH, HOST:

JPMorgan Chase has agreed to pay a $920 million fine. It comes in response to the bank's handling of the so-called London Whale trading debacle. Last year, J.P. Morgan said that rogue traders in its London office had lost $6 billion in a failed hedging strategy, and then concealed it from executives for weeks.

In addition to the fine, regulators forced the bank to take the unusual step of admitting wrongdoing, as NPR's Jim Zarroli reports.

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The Salt
4:25 pm
Thu September 19, 2013

Making Food From Flies (It's Not That Icky)

Black soldier flies mate and lay eggs inside these cages at EnviroFlight.
Dan Charles NPR

Originally published on Thu September 19, 2013 9:14 pm

In the quirky little college town of Yellow Springs, Ohio, home to many unconventional ideas over the years, there's now a small insect factory.

It's an unassuming operation, a generic boxy building in a small industrial park. It took me a while even to find a sign with the company's name: EnviroFlight. But its goal is grand: The people at EnviroFlight are hoping that their insects will help our planet grow more food while conserving land and water.

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Economy
12:08 pm
Thu September 19, 2013

War On Poverty Still Worth Fighting?

Originally published on Thu September 19, 2013 3:15 pm

Transcript

MICHEL MARTIN, HOST:

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The Two-Way
9:37 am
Thu September 19, 2013

Whale Of A Fine: JPMorgan Chase To Pay $920M In Penalties

The JPMorgan Chase building in London, where traders ran up huge losses.
Timur Emek AP

Originally published on Thu September 19, 2013 11:39 am

JPMorgan Chase has agreed to acknowledge that it violated federal securities laws and will pay $920 million in penalties assessed by regulators in the U.S. and U.K. to settle charges related to the huge trading losses racked up by its London traders last year, the Securities and Exchange Commission announced Thursday morning.

As we wrote earlier this week when word of the pending settlement first emerged, this all:

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Shots - Health News
9:30 am
Thu September 19, 2013

Health Care Costs Are Projected To Outpace Economic Growth

Increased use of generic drugs caused a slight drop in the price of prescription drugs in 2012.
iStockphoto.com

Originally published on Thu September 19, 2013 9:43 am

The nation's health spending will bump up next year as the Affordable Care Act expands insurance coverage to more Americans, and then will grow by an average of 6.2 percent a year over the next decade, according to projections by government actuaries.

That estimate is lower than the typical annual increases before the recession hit. Still, the actuaries forecast that in a decade the health care segment of the nation's economy will be larger than it is today, amounting to a fifth of the gross domestic product in 2022.

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The Two-Way
9:07 am
Thu September 19, 2013

Jobless Claims Rose Less Than Expected Last Week

Originally published on Thu September 19, 2013 11:06 am

While the number of people filing first-time claims for jobless benefits rose by 15,000 last week, the increase was less than economists expected, Bloomberg News reports.

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