NPR Business

Around the Nation
3:07 am
Mon May 20, 2013

Advocates Struggle To Reach Growing Ranks Of Suburban Poor

TD Bank volunteers sort donated food into barrels at the Manna Food Center in Gaithersburg in Montgomery County, Md. Poverty in the county just outside Washington, D.C., has grown by two-thirds since 2007.
Gabriella Demczuk NPR

Originally published on Mon May 20, 2013 2:30 pm

Poverty has grown everywhere in the U.S. in recent years, but mostly in the suburbs. During the 2000s, it grew twice as fast in suburban areas as in cities, with more than 16 million poor people now living in the nation's suburbs — more than in urban or rural areas.

Elizabeth Kneebone, a fellow with the Metropolitan Policy Program at the Brookings Institution, says this shift in poverty can be seen in Montgomery County, Md., right outside the nation's capital.

Read more
Around the Nation
3:01 am
Mon May 20, 2013

Seeing The (Northern) Light: A Temporary Arctic Retirement

The Botnen-Chen family moved from Boston to live for a year on Rødøy, a Norwegian island north of the Arctic Circle.
Courtesy of Winston Chen

Originally published on Sat May 25, 2013 11:10 pm

By all the laws of anything, Winston Chen should not have quit his well-paying, midcareer job at a software company at age 40. But one day he was watching a TED Talk, one of those popular online video presentations, delivered by a New York designer.

"He presented this absolutely irresistible idea," Chen says. "He said, 'Why don't we take five years out of retirement and spread them throughout your working life?' "

Read more
The Two-Way
1:50 pm
Sun May 19, 2013

WSJ: Yahoo! Board Approves $1.1 Billion Purchase Of Tumblr

Yahoo President and CEO Marissa Mayer.
Brad Barket Getty Images

Originally published on Sun May 19, 2013 3:39 pm

The Wall Street Journal has this breaking news from the tech world:

"The Yahoo board has approved a deal to pay $1.1 billion in cash for the blogging site Tumblr."

The Journal, the only outlet reporting the approval, is sourcing its story to "people familiar with the matter." Lauren Armstrong, a Yahoo spokeswoman, told us in an email that they "don't comment on rumors or speculation."

Read more
Business
5:41 am
Sun May 19, 2013

The Durability Of Levis, Woven Into America's Fabric

Originally published on Sun May 19, 2013 2:11 pm

Transcript

RACHEL MARTIN, HOST:

One hundred and forty years ago this month, a German immigrant named Levi Strauss patented the first pair of jeans ever made. During the California gold rush, Strauss traveled across the country to set up a West Coast branch of his family's dry goods business. That business changed forever when Strauss got a letter from a tailor named Jacob Davis.

Read more
Business
12:51 am
Sun May 19, 2013

Tesla Rides High, But Faces Formidable Foe: Car Dealers

The Tesla Model S, Motor Trend Car of the Year, is introduced at the 2013 North American International Auto Show, in Detroit in January. Tesla's attempts to sell its cars without going through dealerships is meeting resistance.
Stan Honda AFP/Getty Images

Tesla Motors, the American maker of luxury electric cars, has been riding a wave of good publicity.

Its Model S sedan (base priced at $62,400, after federal tax credits) was just named Motor Trend Car of the Year. Reviewers at Consumer Reports gave the lithium-ion battery powered vehicle a rave.

And the company, headed by billionaire innovator Elon Musk, 41, posted a profit for the first time in its 10-year history — powered in part by zero-emission environmental credits.

Read more
Business
4:41 pm
Sat May 18, 2013

Internships: Low-Paid, Unpaid Or Just Plain Illegal?

Students fill out applications during a job fair at the University of Illinois Springfield in February. Fed up with working for free, some interns are suing their employers.
Seth Perlman AP

Originally published on Sat May 18, 2013 7:47 pm

Summer is almost here, and with it comes the army of interns marching into countless American workplaces. Yet what was once an opportunity for the inexperienced is becoming a front-line labor issue.

More and more, unpaid and low-paid interns are feeling their labor is being exploited. Some are even willing to push back — with lawsuits.

Read more
Parallels
5:13 am
Sat May 18, 2013

Afghan Mineral Treasures Stay Buried, Hostages To Uncertainty

An Afghan worker helps excavate part of the mountaintop copper works above the ancient city at Mes Aynak in February. Afghanistan is believed to be sitting on massive mineral and metal deposits. But many obstacles have prevented large-scale mining from getting underway.
Matthew C. Rains MCT/Landov

Originally published on Sat May 18, 2013 7:23 am

For years, reports have suggested that Afghanistan is sitting on massive deposits of copper, gold, iron and rare earth minerals valued up to $3 trillion. This provides hope for a future economy that would not have to rely so heavily on foreign donations.

But with an uncertain political, regulatory and security environment, international investors are hesitant. And it could be many years before Afghanistan begins extracting its mineral wealth.

Read more
The Salt
12:53 pm
Fri May 17, 2013

Flax Seed: The Next Superfood For Cows And Beef?

NBO3 launched its enriched ground beef at the Tops grocery chain in New York in March.
Courtesy of NBO3

Originally published on Fri May 17, 2013 1:41 pm

Flax is the oily seed usually spotted in the nutritional supplement or cereal aisles. It's marketed as a superfood because of its high levels of omega-3 fatty acids and fiber.

Omega-3s may do all kinds of good things for humans — like protect against Alzheimer's, heart disease and even cancer — so it seems reasonable to think they could also protect the health of animals.

Read more
The Two-Way
8:57 am
Fri May 17, 2013

Book News: Amazon May Be Called Before Parliament Over Taxes

Amazon's U.K. unit racked up sales of $6.5 billion last year, but only paid $3.7 million in corporate taxes.
David McNew Getty Images

Originally published on Fri May 17, 2013 9:39 am

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

Read more
Business
5:25 am
Fri May 17, 2013

Obama Names OMB Controller As Acting IRS Commissioner

On Thursday, President Obama named Daniel Werfel, 42, acting IRS commissioner. The announcement comes a day after the resignation of Steven Miller, who got caught up in the controversy over the IRS targeting Tea Party groups.

Pages