NPR Business

The Two-Way
12:57 pm
Tue April 2, 2013

In Spain, A Mattress That Lets Your Money Rest Easy

My Mattress Safe retails for about $1,120.
Courtesy of Descanso Santos Suenos

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Shots - Health News
12:20 pm
Tue April 2, 2013

The Hidden Limitations Of Health Savings Accounts

In order to get the tax advantages of a health savings account, the health plan it's linked to has to meet certain criteria.
iStockphoto.com

Health plan deductibles keep getting higher — the proportion of workers with a deductible that topped $1,000 for single coverage nearly tripled in the past five years, to 34 percent.

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The Two-Way
9:47 am
Tue April 2, 2013

Fannie Mae Posts Record Profit; Paid Taxpayers $11.6 Billion In 2012

Fannie Mae's headquarters in Washington, DC.
Chip Somodevilla Getty Images

The government-controlled mortgage giant Fannie Mae, which needed a $116 billion federal bailout after the housing bubble burst in 2007, said Tuesday that it earned a record $7.6 billion in fourth-quarter 2012 and $17.2 billion for the year.

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Around the Nation
5:31 am
Tue April 2, 2013

Budget Cuts Silence Some Air Traffic Control Towers

David Greene talks to Yvette Aehle, director of the Southwest Georgia Regional Airport, about her plans to shut down the airport's air traffic control tower. Because of sequestration, the FAA will no longer pay for air traffic controllers at 144 smaller airports.

Around the Nation
5:28 am
Tue April 2, 2013

In Bankruptcy, Stockton Must Decide Pension Issue

Originally published on Tue April 2, 2013 6:04 am

Transcript

STEVE INSKEEP, HOST:

A federal judge has ruled that Stockton, California, may enter into bankruptcy proceedings. That opens the way for Stockton to become America's largest bankrupt city. The population there is 300,000, bigger than Cincinnati, Newark, New Jersey or St. Paul, Minnesota. NPR's Richard Gonzalez reports that others cities share Stockton's problems.

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Business
5:28 am
Tue April 2, 2013

Business News

Originally published on Tue April 2, 2013 6:42 am

Monday marked the start of the application period for H1B visas — those are the work permits granted to 85,000 skilled foreigners each year. Many of them work in the high-tech industry. And for the first time since the financial crisis hit in 2008, the quotas for the H1B are expected to be filled in a single week.

Business
5:28 am
Tue April 2, 2013

The Last Word In Business

Originally published on Tue April 2, 2013 6:47 am

Paco Santos' mattress company started selling My Mattress Savings Bank last month. The price tag is a little more than $1,000. His initial supply sold out in just 24 hours.

Business
5:28 am
Tue April 2, 2013

Novartis Ruling Reverberates Past India's Borders

India's Supreme Court says drug maker Novartis can't hold onto its patent for the pricey cancer drug Gleevec simply by tweaking its chemical formula. That means generic drug makers can keep making a form of the drug at a tenth of Novartis's price — for the Indian market and for other low- and middle-income markets. Consumer advocates call it a major advance for access to generic drugs. Novartis and drug industry allies say it will chill companies' willingness to produce innovative products.

Economy
5:28 am
Tue April 2, 2013

Economic Success Propels Germany Toward Europe's Political Power House

Originally published on Tue April 2, 2013 5:54 am

Steve Inskeep talks to Zanny Minton Beddoes, of The Economist, about the long-term impact of the Cyprus crisis on European economies. Beddoes offers the view from Germany. That country is now turning its attention to its own general elections in September.

Financial Basics For Baby Boomers
3:23 am
Tue April 2, 2013

Deciding The Right Time To Claim Social Security

The importance of making a smart decision on how and when benefits are claimed can't be underestimated, says Mary Beth Franklin of Investment News.
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Originally published on Tue April 2, 2013 8:45 am

When it comes to claiming Social Security benefits, there is no magic age. Today's boomers can begin collecting full benefits at 66, tap in early for a modified benefit at 62 or delay receiving benefits until 70.

But the importance of making a smart decision on how and when benefits are claimed can't be underestimated, says Mary Beth Franklin of Investment News.

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