NPR Business

Business
4:15 pm
Mon March 18, 2013

Why The Crisis In Cyprus May End Up Hurting You Too

Cypriots protest an EU bailout deal outside the parliament in Nicosia on Monday. A proposed bailout deal would slap a levy on all Cypriot bank savings.
Patrick Baz AFP/Getty Images

Originally published on Wed March 20, 2013 12:28 pm

Ask Americans to point out Cyprus, and most would have to spin a globe several times before noticing the small island nation, east of Greece and south of Turkey.

But whether or not you have ever given a thought to the 1.1 million people living there under the warm Mediterranean sun, Cyprus might send a chill up your spine this week.

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Intelligence Squared U.S.
4:00 pm
Mon March 18, 2013

Does America Need A Strong Dollar Policy?

(From left) John Taylor, Frederic Mishkin, James Grant and Steve Forbes traded arguments during the latest Intelligence Squared U.S. debate.
Samuel LaHoz

Originally published on Mon March 18, 2013 4:34 pm

  • Listen To The Full Audio Of The Debate
  • Listen To The Broadcast Version Of The Debate

Is a strong U.S. dollar a good thing, or is it overrated as a policy goal?

Some argue that a policy aimed at keeping the dollar strong would hurt U.S. economic growth because it would make American goods and services more expensive, lessening global demand for them. Others say having a weak and unstable unit as the basis of the economy makes commerce harder and creates financial bubbles that then burst disastrously.

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Planet Money
12:35 pm
Mon March 18, 2013

Where The Bank Really Keeps Your Money

People queue to use an ATM outside of a Laiki Bank branch in Larnaca, Cyprus, on Saturday. Many rushed to cooperative banks after learning that the terms of a bailout deal with international lenders includes a one-time levy on bank deposits.
Petros Karadjias AP

Originally published on Thu March 21, 2013 10:37 am

Cyprus has about as many residents as the Bronx. All Cypriot banks combined are smaller than the 30th-largest U.S. bank. So why is the country's financial system front-page news today?

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The Two-Way
8:31 am
Mon March 18, 2013

Cyprus Bailout To Hit Depositors, Sends Shivers Through Markets

Take the money and run: An ATM in the Cypriot capital Nicosia on Sunday.
Hasan Mroue AFP/Getty Images

Originally published on Mon March 18, 2013 6:08 pm

A vote in Cyprus on whether to approve a controversial bailout plan has been postponed after the prospect of the deal caused bank customers to rush to withdraw their savings and drew the ire of overseas depositors.

As NPR's Krishnadev Calamur wrote in a post over the weekend: "The money [is] needed because Cyprus' banks lost 4.5 billion euros on their Greek bond holdings, which were written down last year after Greece's second bailout."

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Business
4:06 am
Mon March 18, 2013

The Last Word In Business

Originally published on Mon March 18, 2013 12:38 pm

Transcript

RENEE MONTAGNE, HOST:

If some of your co-workers seem distracted today - well, it's not any old Monday - huh, Steve?

STEVE INSKEEP, HOST:

I'm sorry, Renee. We're you saying something? I was busy filling out an NCAA Tournament bracket here. Our last word in business, as a matter of fact, is about that. It's lost productivity.

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Business
4:06 am
Mon March 18, 2013

EU Bailout Tax Sparks Bank Run In Cyprus

Originally published on Tue March 19, 2013 10:08 am

Transcript

STEVE INSKEEP, HOST:

It's MORNING EDITION, from NPR News. I'm Steve Inskeep.

RENEE MONTAGNE, HOST:

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Business
4:06 am
Mon March 18, 2013

Court To Sentence AT&T Hacker Andrew Auernheimer

Originally published on Mon March 18, 2013 12:38 pm

Transcript

RENEE MONTAGNE, HOST:

NPR's business news starts with a hacking sentence.

(SOUNDBITE OF MUSIC)

MONTAGNE: This morning, a federal court in New Jersey is scheduled to sentence Andrew for his much-publicized exposure of a security flaw on AT&T's iPad service. That was back in 2010.

As NPR's Martin Kaste reports, the sentencing of Andrew Auernheimer will be closely watched by those who believe federal prosecutors have become overly zealous about punishing certain kinds of hackers.

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Business
3:21 am
Mon March 18, 2013

U.S. Probes Abuse Allegations Under Worker Visa Program

Workers and labor organizers in New York City protest the alleged exploitation of students on J-1 summer work travel visas who worked at a Pennsylvania McDonald's, on Thursday.
Jess Jiang NPR

Originally published on Mon March 18, 2013 12:38 pm

A group of foreign college students who came to the U.S. on cultural work exchange visas in December have been protesting their working conditions at a McDonald's in Harrisburg, Pa. In the process, they've wading into a debate about guest workers in the U.S.

The students include Jorge Rios, who says three months ago he eagerly did the legwork necessary to get a J-1 visa, used for student work exchange.

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Business
6:21 pm
Sun March 17, 2013

Craft Brews Slowly Chipping Away At Big Beer's Dominance

Craft beers for sale in Chicago. Craft beer has about a 6 percent market share in the U.S. beer market, which is dominated by Anheuser-Busch InBev and MillerCoors.
Scott Olson Getty Images

Originally published on Wed March 20, 2013 1:36 pm

America loves beer.

In the U.S., we drink $200 billion worth of the hops-brewed libation annually. What many Americans might not know is that most domestic beer, 90 percent in fact, is dominated by just two companies: Anheuser-Busch InBev and MillerCoors.

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The Salt
5:55 am
Sun March 17, 2013

Yogurt For Men: A Review

That's pronounced "Man, Go!"
NPR

Originally published on Wed March 20, 2013 12:44 pm

Last week on Wait, Wait... Don't Tell Me, we talked about a new yogurt for men, or brogurt, from a company called Powerful Yogurt. Here's what our panelist, comedian Jessi Klein, had to say about it:

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