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The Two-Way
7:32 am
Thu March 21, 2013

Book News: Is Amazon Building A CIA Cloud?

Amazon CEO Jeff Bezos unveils new Kindle reading devices at a press conference in 2012.
David McNew Getty Images

Originally published on Thu March 21, 2013 1:44 pm

The daily lowdown on books, publishing, and the occasional author behaving badly.

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Business
5:30 am
Thu March 21, 2013

In China, Treasury's Lew Discusses Cybersecurity, Yuan

Originally published on Thu March 21, 2013 9:23 am

Steve Inskeep talks to Richard McGregor of the Financial Times about Treasury Secretary Jack Lew's trip to China. He bought a long list of economic agenda items to his meetings with top officials, ranging from cyberwarfare to China's currency controls.

Politics
5:10 am
Thu March 21, 2013

House, Senate Budget Plans Offer Different Future

House Budget Committee Chairman Rep. Paul Ryan, R-Wis., holds a copy of his budget plan during a news conference last week. On Thursday, the Republican-controlled House narrowly passed the measure. The Senate is not expected to follow suit.
Carolyn Kaster AP

Originally published on Thu March 21, 2013 1:36 pm

Wisconsin Rep. Paul Ryan's House GOP budget balances in a decade and re-shapes Medicare. That is, it would if the measure passed by the House on Thursday ever became law — which it won't.

Washington Sen. Patty Murray's Democratic budget raises almost $1 trillion in taxes by closing loopholes and adds $100 billion in new spending on infrastructure. But it won't become a reality, either.

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Planet Money
3:03 am
Thu March 21, 2013

Why Cyprus Matters

People wait in line to use the ATM at a bank in the Cypriot capital Nicosia.
Patrick Baz AFP/Getty Images

Originally published on Thu March 21, 2013 10:25 am

Banks on Cyprus remain closed today. The Cypriot Parliament has rejected the terms of a bailout from the European Union. The finance minister is in Moscow looking for financial help from the Russians.

Cyprus has about as many residents as the Bronx. When you add up all the country's banks, they don't even match the 30th largest bank in the U.S. But people all over the world have good reason to be freaked out over what's happened there this week.

The Two-Way
1:34 pm
Wed March 20, 2013

Ahead Of Federal Reserve Statement, Stocks Are Up

Originally published on Wed March 20, 2013 2:27 pm

Update at 2:03 p.m. ET. Rates Unchanged:

Following a meeting of the Federal Open Market Committee, the Federal Reserve said in a policy statement today that it is continuing with its "highly accommodative stance of monetary policy."

That means that it will stay the course with its aggressive stimulus, buying $85 billion of bonds a month.

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Monkey See
11:48 am
Wed March 20, 2013

Men Are From Mars, Women ... Love Cup Holders?

iStockphoto.com

Originally published on Wed March 20, 2013 12:37 pm

When you read the words of Clotaire Rapaille, a "French-born psychiatrist-turned-marketer" quoted in yesterday's interesting Slate article about the marketing of cars to women, it's hard not to read them in a voice that's sultry and French and not entirely serious, as if he's some kind of sales expert crossed with Pepe Le Pew (despite the fact that this doubtless has no basis in reality).

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The Two-Way
10:44 am
Wed March 20, 2013

Chinese Solar Panel Maker Suntech Goes Bankrupt

Workers at a Suntech plant in Wuxi last month.
Peter Parks AFP/Getty Images

Originally published on Wed March 20, 2013 2:25 pm

The future doesn't look so bright for China-based Suntech, one of the world's largest makers of solar panels: On Wednesday, it was forced into bankruptcy after missing a $541 million payment to bondholders.

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Planet Money
9:52 am
Wed March 20, 2013

Is It Legal To Sell Your Old MP3s?

Brenda Chase Newsmakers

Originally published on Wed March 20, 2013 2:12 pm

Say you buy a textbook in another country, where textbooks are cheap. Then you bring the book back to the U.S. and sell it at a profit. Did you break the law?

No, you didn't. In a ruling that came down yesterday, the Supreme Court ruled in favor of a student who had his friends and relatives buy textbooks in Thailand which he later re-sold in the U.S. on eBay.

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The Two-Way
8:04 am
Wed March 20, 2013

Cyprus Scrambles For 'Plan B' Bailout

German Chancellor Angela Merkel gestures as she leaves a parliamentary session on Wednesday in Berlin.
Johannes Eisele AFP/Getty Images

Originally published on Wed March 20, 2013 8:48 am

Cypriot politicians are busy trying to come up with an alternative plan to raise the cash needed to stave off a collapse of its banking sector after they unanimously rejected an international bailout package that would have imposed a levy on the nation's savings accounts.

Here's a quick look at some of Wednesday's developments:

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Economy
7:56 am
Wed March 20, 2013

Is The Housing Market Finally Back On Track?

Originally published on Wed March 20, 2013 8:16 am

For more on the housing industry, Steve Inskeep talks to David Wessel, economics editor of The Wall Street Journal.

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