Business and Economy

Business
4:33 am
Thu February 20, 2014

Nebraska Court Ruling Further Complicates Keystone XL Pipeline

Originally published on Thu February 20, 2014 6:38 am

Transcript

STEVE INSKEEP, HOST:

NPR business news starts with a clogged pipeline.

(SOUNDBITE OF MUSIC)

INSKEEP: Clogged pipeline project, that is. The judge's ruling in Nebraska makes further delay completion of the Keystone XL pipeline. The decision immediately prompted an appeal.

Fred Knapp of NET News reports.

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NPR Story
4:18 am
Thu February 20, 2014

Author James Patterson To Give $1 Million To Bookstores

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James Patterson writes suspense and thriller novels as well as children's books. He runs the children's literacy campaign ReadKiddoRead.
Deborah Feingold Courtesy Little, Brown and Co.

Originally published on Thu February 20, 2014 11:43 am

James Patterson, the best-selling author of thrillers and romance and young adult novels, has pledged to give away $1 million of his personal fortune to independent booksellers around the country. Today, he announced the names of the dozens of booksellers who are receiving grants in the first round of his big giveaway.

The money is heading toward smaller bookstores, which are under pressure from competitors like Amazon and e-books. Patterson's own books are big sellers everywhere — he doesn't depend on small bookstores to succeed. But his giveaway is driven by a broader concern.

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Environment
2:45 am
Thu February 20, 2014

Toxic Leak Taints North Carolina Coal Plants, And Regulators

North Carolina's Dan River was polluted with toxic coal ash that leaked from a coal plant earlier this month. The spill is under investigation.
Gerry Broome AP

Originally published on Fri February 21, 2014 8:29 am

A broken pipe funneled 30,000 tons of toxic coal ash into the Dan River in North Carolina earlier this month, turning it gray. The pipe has been plugged, but the spill has reignited a fight over storage of coal ash, and scrutiny of the state regulators responsible for monitoring it.

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Planet Money
2:43 am
Thu February 20, 2014

What It Was Like To Be A Wall Street Recruit After The Bailouts

John Angelillo UPI/Landov

Originally published on Thu February 20, 2014 9:05 am

Back in 2012, reporter Kevin Roose went undercover at a very exclusive party.

It was a dinner for a secret society, held once a year, at the St. Regis hotel in New York City. The secret society is called Kappa Beta Phi, and it's made up of current and former Wall Street executives — people like Michael Bloomberg, former heads of Lehman Brothers, Bear Stearns, Goldman Sachs. And every year the group holds a dinner to induct new people into the group — they're called neophytes.

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Parallels
2:42 am
Thu February 20, 2014

Why More Americans Are Renouncing U.S. Citizenship

A case against the Swiss bank UBS in 2008 led Congress to create more regulations for foreign banks holding American money. Rather than comply, many banks opted to stop serving American account-holders.
Fabrice Coffrini AFP/Getty Images

Originally published on Thu February 20, 2014 7:32 am

A few times a year, the Treasury Department publishes a long list of names announcing all of the Americans who have lately abandoned their U.S. citizenship.

According to the legal website International Tax Blog, the number hovered around 500 a decade ago. Last year, it hit a record high of nearly 3,000.

This was not a gradual change. It was a sudden spike. It's a story of dominoes falling, one after another, leading to an unexpected outcome.

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The Salt
2:40 am
Thu February 20, 2014

The System Supplying America's Chickens Pits Farmer Vs. Farmer

Benny Bunting, a farm advocate for Rural Advancement Foundation International-USA, in front of one of his old chicken houses in Oak City, N.C.
Dan Charles NPR

Originally published on Thu February 20, 2014 8:23 am

After reading Christopher Leonard's The Meat Racket, a broadside against the contract-farming system, I decided to take a closer look at it.

I drove to North Carolina and ended up in the kind of place that supplies practically all of our chickens: a metal-sided, 500-foot-long structure near the town of Fairmont.

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The Two-Way
5:36 pm
Wed February 19, 2014

Facebook Will Buy WhatsApp Message Service For $19 Billion

Originally published on Wed February 19, 2014 6:01 pm

Seeking new ways to be a player in mobile messaging, Facebook announced today that it will acquire the fast-growing WhatsApp firm for some $16 billion in cash and stock. The deal includes an additional $3 billion in Facebook stock for the employees of WhatsApp, who would see the shares vest over four years.

This is the second headline-grabbing acquisition by Facebook, following the $1 billion deal for Instagram that was announced in the spring of 2012. The new deal calls for Facebook to pay $4 billion in cash, along with around $12 billion in stock.

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The Two-Way
4:59 pm
Wed February 19, 2014

U.S. Government Will Back Loans For Nuclear Power

The containment vessel for a new nuclear reactor at the Vogtle nuclear power plant under construction near Augusta, Ga., in December 2012.
John Bazemore AP

Originally published on Thu February 20, 2014 5:05 am

Energy Secretary Ernest Moniz announced a multibillion-dollar loan guarantee Wednesday for building nuclear reactors in Georgia, underscoring the White House's plan for an "all of the above" energy strategy.

The two reactors will be the first built in this country in nearly three decades.

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The Record
3:21 pm
Wed February 19, 2014

Computer Love: Beats Music Wants To Be Your Everything

Beats Music

I have a new streaming music service in my life. Let's call him Beatsy. It's an open relationship — I'm still accessing other music streams, and Beatsy's positively promiscuous, winning the hearts of the music press and thousands of trial subscribers. But I don't mind. When I'm with Beatsy I feel special. Yes, he is a computer program — the world knows him as Beats Music, just one of many services that make it possible for me to listen to music stored in its cloud library via my phone or computer.

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Planet Money
3:19 pm
Wed February 19, 2014

Spirit Airlines Taps A Nation Of Hate Fliers

Joe Raedle Getty Images

Originally published on Thu February 20, 2014 12:29 am

Spirit Airlines is one of the fastest-growing airlines in America. Last week, we flew Spirit from New York to Fort Lauderdale for $68.99 each. Cheap!

But that doesn't count fees. We paid $30 extra to pick our seats ahead of time. Once you're on the plane, a bottle of water costs $3. Even putting a bag in the overhead bin costs money on Spirit.

Somewhere between New York and Florida, the guy sitting across the aisle from us leaned over and said, "This sucks."

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