NPR Business

The Salt
3:42 pm
Thu May 2, 2013

Can Salmon Farming Be Sustainable? Maybe, If You Head Inland

These sockeye salmon were raised at a land-based fish farm in Langley, British Columbia.
Courtesy Willowfield Enterprises

Originally published on Thu May 2, 2013 6:43 pm

Is salmon farming ever sustainable?

For years, many marine biologists have argued that the floating, open-ocean net pens that produce billions of pounds of salmon per year also generate pollution, disease and parasites.

In some places in western Canada, the open-ocean salmon farming industry has been blamed for the collapse of wild salmon populations in the early 2000s — though other research has challenged that claim.

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The Two-Way
1:08 pm
Thu May 2, 2013

'Warren Is In The House,' Buffett Says As He Joins Twitter

Twitter.com/WarrenBuffett

Originally published on Thu May 2, 2013 1:33 pm

Warren Buffett, the billionaire investor known as the "oracle of Omaha" and renowned for making lots of money for both himself and his Berkshire Hathaway shareholders, joined Twitter on Thursday.

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The Salt
11:23 am
Thu May 2, 2013

Grocery Home Delivery May Be Greener Than Schlepping To The Store

Amazon Fresh delivery man Tim Wilkie totes food to a house on Mercer Island, Wash.
Joe Nicholson AP

Originally published on Mon May 6, 2013 10:20 am

Home grocery delivery sounds like a frill for people too lazy to schlep to the store. But having food delivered can be more environmentally friendly than driving to the store, researchers say.

Having groceries delivered can cut carbon dioxide emissions by at least half, compared to driving to the store, according to a new study. That's because the delivery truck offers the equivalent of a "shared ride" for the food.

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The Two-Way
10:31 am
Thu May 2, 2013

Obama Picks Major Fundraiser To Be Next Commerce Secretary

Penny Pritzker, who is being nominated to be the next secretary of commerce, in February.
Nancy Stone MCT /Landov

Originally published on Thu May 2, 2013 11:29 am

Penny Pritzker, one of the nation's richest people and a "longtime political supporter and heavyweight fundraiser," as The Chicago Tribune writes, is President Obama's choice to be his next secretary of commerce.

The president announced the news this hour at the White House. He also said that one of his economic advisers, Michael Froman, is his choice to be the next U.S. trade representative.

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The Two-Way
8:45 am
Thu May 2, 2013

Weekly Jobless Claims Drop Again, Stay Near 5-Year Low

Originally published on Thu May 2, 2013 9:33 am

There were 324,000 first-time claims for unemployment insurance last week, down 18,000 from the previous week's 342,000, the Employment and Training Administration reports.

Claims continue to run around the lowest pace since early 2008 — they haven't been lower since a week in mid-January 2008 when they came in at 321,000.

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Business
4:41 am
Thu May 2, 2013

Stocks Rise Despite Lackluster Corporate Earnings Reports

Originally published on Thu May 2, 2013 10:09 am

Transcript

DAVID GREENE, HOST:

OK. From understanding language, let's try to understand one development in the economy. Corporate revenues have been lackluster. But despite that, stock prices keep going up. This might have something to do with what the Federal Reserve has been up to. Hoping to get money into the economy and stimulate growth, the Fed has been aggressively buying bonds. And Fed officials said, after their two-day meeting ended yesterday, that they could even accelerate the bond purchases if necessary.

Here's NPR's Jim Zarroli.

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Business
4:41 am
Thu May 2, 2013

Maneuvering The System That Is The H1B Visa Program

Originally published on Thu May 2, 2013 10:09 am

Transcript

DAVID GREENE, HOST:

Let's say you're highly skilled and interested in emigrating to the United States. Well, there are reasons to think you have a pretty good shot. Those with a specialty that's rare and highly valued can take advantage of what's called the H-1B visa. It is specifically for people with a Bachelor's degree or higher and you can only get one if an American company explicitly wants to hire you.

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Business
4:41 am
Thu May 2, 2013

The Last Word In Business

Originally published on Thu May 2, 2013 10:09 am

Transcript

RENEE MONTAGNE, HOST:

Our last word in business today, is austerity at the French presidential palace.

President François Aland has already enacted several cost-cutting measures since being elected last year.

DAVID GREENE, HOST:

He's cut a fleet of presidential and government cars and reduced ministerial salaries, and now he's raiding the wine cellars for which the presidential palace is famous.

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Business
4:41 am
Thu May 2, 2013

Business News

Originally published on Thu May 2, 2013 10:09 am

Transcript

RENEE MONTAGNE, HOST:

NPR's business news starts with profits for Facebook.

(SOUNDBITE OF MUSIC)

MONTAGNE: Facebook announced its latest quarterly results, reporting revenues just under $1.5 billion.

DAVID GREENE, HOST:

The company showed a profit of nearly $220 million for the quarter but this fell short of analysts' expectations. CEO Mark Zuckerberg blamed the missed target on higher costs. Company spending is up 60 percent this quarter over the previous one due to hiring and new developments.

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Education
2:58 am
Thu May 2, 2013

A Rhodes-Like Scholarship For Study In China

The Schwarzman Scholars program, planned for the campus of Beijing's Tsinghua University, is described as "a 21st century college designed to inspire interchange."
Artist's rendering courtesy of Robert A.M. Stern Architects

Originally published on Thu May 2, 2013 10:09 am

If you're interested in studying in China, a new scholarship program could help you on your way. Rivaling the prestigious Rhodes scholarships, the new Schwarzman Scholars program was announced recently by Stephen Schwarzman, CEO and co-founder of Blackstone Group, one of the world's biggest private-equity firms.

The financier says he plans to raise $300 million, including $100 million of his own money, to fund a new program aimed at bringing students from around the world to study at Beijing's Tsinghua University.

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