NPR Business

Politics
11:39 am
Tue February 19, 2013

Sequestration: Are the Negations Just 'Theater?'

Originally published on Fri February 22, 2013 11:29 am

The Defense Department and other government agencies are preparing for the possible government budget cuts known as sequestration. Host Michel Martin talks with Lieutenant Colonel Elizabeth Robbins of the Defense Department and Washington Post 'Federal Diary' columnist Joe Davidson about who'll be affected.

Economy
6:37 am
Tue February 19, 2013

Obama To Challenge GOP To Compromise On Budget Cuts

Originally published on Tue February 19, 2013 12:33 pm

Transcript

RENEE MONTAGNE, HOST:

This is MORNING EDITION from NPR News. I'm Renee Montagne.

LINDA WERTHEIMER, HOST:

And I'm Linda Wertheimer.

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Business
5:51 am
Tue February 19, 2013

India, Italy Accused Of Kickbacks In Defense Deal

Originally published on Tue February 19, 2013 12:33 pm

Transcript

(SOUNDBITE OF MUSIC)

RENEE MONTAGNE, HOST:

NPR's business news starts with begins with a corruption case in India.

India has dispatched investigators to Italy to examine allegations of kickbacks, kickbacks involving a $700 million defense deal. The case involves the sale of a dozen helicopters to India from one of Italy's largest industrial groups.

From New Delhi, NPR's Julie McCarthy has more on a case that's rattling the Indian government.

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NPR Story
5:41 am
Tue February 19, 2013

The Last Word In Business

Originally published on Tue February 19, 2013 12:33 pm

Transcript

RENEE MONTAGNE, HOST:

OK. Let's stay with tablets, the digital kind. The kind we used to download apps. Our last word in business today is: apps aplenty.

LINDA WERTHEIMER, HOST:

With the popularity of tablets and smartphones, people have been downloading about 10 apps per month onto their devices.

MONTAGNE: Great news for businesses, perhaps, except research from the business consulting firm Nuance Enterprise shows that the vast majority of those apps are quickly abandoned, especially those that are free.

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Business
5:41 am
Tue February 19, 2013

'Readers Digest' Fails To 'Adapt To Internet Speed'

Originally published on Tue February 19, 2013 12:33 pm

Transcript

LINDA WERTHEIMER, HOST:

One of the country's most famous magazines - the 91-year-old Reader's Digest - is filing for bankruptcy for the second time in less than four years. The digest originally offered just what the title promises - short versions of stories that had appeared in other publications. Now, it's filled with perky consumer news you can use, as well as a long-running advice columns, puzzles and jokes. Reader's Digest claims it still has 26 million readers worldwide, but the magazine's revenue took a big hit last year from falling sales overseas.

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Politics
2:59 am
Tue February 19, 2013

Get A Social Security Check? Treasury Says It's Time To Go Electronic

U.S. Treasury checks are run through a printer.
William Thomas Cain Getty Images

Originally published on Tue February 19, 2013 12:33 pm

Every month, the government sends out about 5 million checks to Americans who receive federal benefits. On March 1, the Treasury Department is making those paper checks a thing of the past.

Since May 2011, all new Social Security recipients are required to get direct deposit of their benefits. Some 93 percent of all recipients now do.

But there are still holdouts, so the Treasury Department started a campaign and a website, Go Direct, in an effort to convince the remaining 7 percent.

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U.S.
4:39 pm
Mon February 18, 2013

What Happens When Someone Else Gets Your Tax Refund

Todd Macy, a banker from Marin County, Calif., was the victim of identity theft. Nearly a year after filing his return, he's still waiting for his federal tax refund.
Courtesy of Todd Macy

Originally published on Mon February 18, 2013 6:27 pm

If you usually wait until April to file your taxes, you might want to hurry up — before identity thieves beat you to it. Using stolen names and Social Security numbers, these criminals file fake tax returns with false wage and withholding information. This generates big — and fraudulent — refunds, before the real taxpayer gets around to filing.

The Internal Revenue Service says it's busy working to combat what prosecutors call a fraud epidemic.

Most taxpayers don't have any idea something is wrong until they hit the send button on their taxes and get an error message.

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Europe
2:58 pm
Mon February 18, 2013

Greece's Economic Crisis Reveals Fault Lines In The Media

People read newspaper headlines in Athens. In 2009, there were 39 national dailies, 23 national Sunday papers, 14 national weekly papers and dozens of TV and radio stations for a population of 11 million.
Louisa Gouliamaki AFP/Getty Images

Originally published on Mon February 18, 2013 7:05 pm

Three years of spiraling economic crisis in Greece have devastated every sector of the economy. The Greek media are among the hardest hit. Many newspapers and TV outlets have closed or are on the verge, and some 4,000 journalists have lost their jobs.

Many people believe the country's news media have failed to cover the crisis — and lost credibility along the way. And many Greek journalists acknowledge that a massive conflict of interest sooner or later had to explode.

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Business
6:42 am
Mon February 18, 2013

The Last Word In Business

Originally published on Mon February 18, 2013 7:22 am

Big in the 90s, the Tamagotchi is a handheld digital device that's a robotic pet. Owners press certain buttons to feed it, to play with it and get it medical attention. If neglected, the digital pet dies. The company is releasing a new breed of pet — a mobile app.

Business
6:34 am
Mon February 18, 2013

G20 Leaders Pledge To Avert Currency War

Originally published on Mon February 18, 2013 6:42 am

A meeting of finance ministers from the 20 leading industrial and developing nations wrapped up over the weekend in Moscow. The nations agreed to not to target the exchange rates of their respective currencies amid concerns that competitive devaluation could spark a currency war.

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