NPR Business

Business
7:16 am
Thu March 28, 2013

Cheap Natural Gas Pumping New Life Into U.S. Factories

A worker hooks up pipe during natural gas drilling by EnerVest on the Barnett Shale near Fort Worth, Texas, in 2012.
Ron Jenkins MCT /Landov

Originally published on Tue April 23, 2013 5:13 pm

The millions of Americans who lost factory jobs over the past decade may find this hard to believe, but U.S. manufacturing is coming back to life.

The chest compressions are applied by the pumping of cheap, domestic natural gas.

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The Two-Way
7:04 am
Thu March 28, 2013

Banks In Cyprus Reopen As Island's Economy Hits Reboot

At a Laiki Bank branch in Nicosia, Cyprus, early Thursday, customers lined up to be among the first allowed in.
Yannis Behrakis Reuters /Landov

Originally published on Thu March 28, 2013 8:54 am

  • From 'Morning Edition': What makes for a good tax haven?
  • From 'Morning Edition': Joanna Kakissis reports

Banks in Cyprus reopened Thursday morning — after two weeks in which they had to keep their doors closed as European leaders worked out a bailout deal for the island's struggling financial sector in a bid to keep its problems from triggering similar crises in other ailing EU nations.

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Business
5:51 am
Thu March 28, 2013

What Makes A Good Tax Haven?

Originally published on Thu March 28, 2013 9:18 am

Transcript

DAVID GREENE, HOST:

OK, so banks in Cyprus are opening today, but there's no doubt that some people who have funds stashed in the country are going to be hunting around for a new place to put their money. We wondered what types of things make a place a popular tax haven.

So we called up Professor James Hines at the University of Michigan Law School. He specializes in tax havens.

Professor, good morning.

JAMES HINES: Good morning.

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Business
5:51 am
Thu March 28, 2013

The Last Word In Business

Originally published on Thu March 28, 2013 9:18 am

Transcript

LINDA WERTHEIMER, HOST:

At the New York Auto Show this week, Honda is cleaning up. The carmaker has wowed people with its new Odyssey minivan because of the built-in vacuum cleaner.

DAVID GREENE, HOST:

Yeah, the carmaker says it worked with Shop-Vac to design its HondaVAC, which it tells is the first ever in-car vacuum cleaner. It is tucked inside the driver's side rear cargo space, and it comes with all sorts of attachments.

WERTHEIMER: And so our last word in business today is: Why did it take a car company so long to do this?

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NPR Story
5:51 am
Thu March 28, 2013

IMF: Gas Prices Don't Reflect True Costs

Originally published on Thu March 28, 2013 9:18 am

Transcript

DAVID GREENE, HOST:

It's MORNING EDITION from NPR News. Good morning, I'm David Greene.

LINDA WERTHEIMER, HOST:

And I'm Linda Wertheimer.

When you're filling up a car with gas, chances are you are not looking at the price per gallon and thinking how low it is. And maybe thinking that the government ought to do something about that and raise prices. But the economic wizards at the International Monetary Fund are recommending exactly that, not just for the U.S. but for the entire world.

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Business
5:51 am
Thu March 28, 2013

Manufacturing Redux Benefits Texas Gulf Coast

Originally published on Thu March 28, 2013 9:18 am

Transcript

DAVID GREENE, HOST:

And let's stay on the topic of energy. Millions of Americans have lost factory jobs over the past decade, but U.S. manufacturing is coming back to life, in large measure because of abundant supplies or cheap natural gas. From member station KUHF in Houston, Andrew Schneider reports on how the Texas Gulf Coast is booming as companies build new plants.

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NPR Story
5:51 am
Thu March 28, 2013

After 2-Week Closure, Cypriot Banks Reopen

Originally published on Thu March 28, 2013 9:18 am

Transcript

DAVID GREENE, HOST:

It's MORNING EDITION from NPR News. I'm David Greene.

LINDA WERTHEIMER, HOST:

And I'm Linda Wertheimer.

In Cyprus today, banks reopened after being closed for nearly two weeks. Customers could see the limits on cash withdrawals last for months, as leaders of the island-nation try to prevent a bank-run. Lots of people there are nervous about an EU bailout agreed to this week. The terms of that deal are a shocking outcome for a country which built its wealth on its banking industry.

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Business
5:51 am
Thu March 28, 2013

Researchers Expect Oil Demand To Plateau By Decade's End

Originally published on Thu March 28, 2013 9:18 am

Transcript

LINDA WERTHEIMER, HOST:

NPR's business news starts with an appetite for oil.

(SOUNDBITE OF MUSIC)

WERTHEIMER: Researchers say they see a plateau in the demand for oil. A new report says demand could level off by the end of this decade, and that's a lot sooner than expected, as NPR's Sonari Glinton reports.

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Planet Money
3:41 am
Thu March 28, 2013

When A Famous Hospital Didn't Want An Expensive New Drug

Andrei Tchernov iStockphoto.com

Originally published on Thu March 28, 2013 10:03 am

Last year, a new drug called Zaltrap was approved as a kind of last-chance therapy for patients with colorectal cancer. Studies suggested Zaltrap worked almost exactly as well as an existing drug called Avastin. In fact, the main difference between the two drugs seemed to be the price.

"I was rather stunned," Dr. Leonard Saltz, who specializes in colorectal cancer, told me.

Zaltrap costs about $11,000 per month — about twice as much as Avastin, Saltz said.

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Planet Money
3:32 pm
Wed March 27, 2013

What If You Couldn't Take Your Money To Another State?

What if this wasn't worth $1?
ceoln Flickr

Originally published on Thu March 28, 2013 9:48 am

One day, the legislature in the state where you live passes a new law: Until further notice, you're not allowed to take your money to another state.

There are exceptions. You can take a few thousand dollars with you if you go on a trip. You can do some out-of-state shopping on your credit card, but not too much. Beyond that, all your money — your checking account, your savings account, the cash you buried in your backyard — has to stay in your state. You're free to leave the state, as long as you don't take your money with you.

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