Business and Economy

Business
4:22 am
Tue July 22, 2014

Credit Suisse Reports $770 Million Loss

Originally published on Tue July 22, 2014 12:13 pm

Transcript

STEVE INSKEEP, HOST:

NPR's Business News starts with big losses at Credit Suisse - really big. The Swiss bank is reporting a net loss of more than $770 million for the second quarter. That's the biggest loss for the bank since the 2008 financial crisis. Much of the loss is due to a legal settlement with U.S. tax authorities. In May, the bank pleaded guilty to helping Americans evade U.S. taxes by hiding the money in Swiss accounts. Credit Suisse paid a fine of $2.6 billion. Transcript provided by NPR, Copyright NPR.

The Salt
3:45 am
Tue July 22, 2014

Some Food Companies Are Quietly Dumping GMO Ingredients

General Mills' original Cheerios are now GMO-free. But you won't find a label on the box highlighting the change.
David Duprey AP

Originally published on Tue July 22, 2014 2:35 pm

A tour of the Ben & Jerry's factory in Waterbury, Vt., includes a stop at the "Flavor Graveyard," where ice cream combinations that didn't make the cut are put to rest under the shade of big trees.

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NPR Story
3:45 am
Tue July 22, 2014

Telecommuting Didn't Work Out For One Transplanted Worker

Originally published on Tue July 22, 2014 12:13 pm

Transcript

STEVE INSKEEP, HOST:

This summer, we're also focusing on the high rate of youth unemployment and hearing what some out-of-work younger adults are doing to make ends meet. Christina Gastlelum is 32. She recently moved to Maine from New York City. She tried to keep doing her job as vice president of a nonprofit remotely which did not work out.

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All Tech Considered
5:35 pm
Mon July 21, 2014

Net Neutrality, Shall I Compare Thee To A Highway? A Showerhead?

Members of global advocacy group Avaaz stand next to a digital counter showing the number of petition signatures calling for net neutrality outside the Federal Communication Commission in Washington in January. Avaaz joined other groups to deliver more than a million signatures for a free and open Internet to the FCC.
Kevin Wolf AP

The Federal Communications Commission says it's writing rules for the Internet to preserve the status quo.

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Business and Economy
5:01 pm
Mon July 21, 2014

Another Facet Of The Jobs Debate: Baby Boomers

Participation in the workforce has dropped significantly since 2007, and economists say more than half of the dropouts may never return. (Spencer Platt/Getty Images)

Originally published on Mon July 21, 2014 12:20 pm

A strong economy naturally depends on a large portion of the population earning money and sending it back into the economy. But the U.S. labor force has been shrinking since 2007, and according to a report by the White House Council of Economic Advisers, this is because baby boomers are reaching retirement age.

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All Tech Considered
3:54 pm
Mon July 21, 2014

1 Million Net Neutrality Comments Filed, But Will They Matter?

Complaints about Janet Jackson's Super Bowl halftime show performance of 2004 led to a record number of public interactions with the Federal Communications Commission. This year's net neutrality comments come in second.
Donald Miralle Getty Images

Originally published on Mon July 21, 2014 7:16 pm

The Federal Communications Commission received more than 1 million public comments on the issue of net neutrality during a five-month commenting period that ended Friday.

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Law
3:18 pm
Mon July 21, 2014

GOP Marks Dodd-Frank's 4th Birthday With Calls For Repeal

Originally published on Mon July 21, 2014 10:10 pm

Transcript

AUDIE CORNISH, HOST:

Four years ago today, President Obama signed a massive overhaul of the nation's financial laws, The Dodd-Frank Wall Street Reform and Consumer Protection Act. The law was a response to the Wall Street bailouts and regulatory failings that sparked the financial crisis and caused the great recession. As NPR's John Ydstie reports, the anniversary is being marked by calls from some to repeal parts of the law.

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The Salt
12:54 pm
Mon July 21, 2014

From Scratch Or Not? French Restaurant Law Stirs Controversy

A new logo that is supposed to ensure a Paris restaurant's food is homemade (fait maison in French) is already stirring up controversy.
Miguel Medina AFP/Getty Images

Originally published on Mon July 21, 2014 4:04 pm

If you go to France this summer, you might notice a new logo in restaurant windows or on menus. It's a simple graphic of a rooftop covering a saucepan, and it's supposed to designate fait maison, or homemade. It's designed to highlight places that make their own dishes rather than bringing in frozen or sous vide — prepared meals cooked in a water bath, sealed in airtight plastic bags and designed to be heated up later.

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Oklahoma Voices
11:29 am
Mon July 21, 2014

Why Oklahoma City, Other Metropolitan Areas Are Crucial To The Economy

riveraa8 Flickr Creative Commons

Author and Brookings Metropolitan Policy Program fellow Jennifer Bradley argues that cities like Oklahoma City are vital to a post-recession economy. During Oklahoma City’s 2014 Mayor’s Development Roundtable in May, she said she admires Oklahoma’s progress and improvement.

“When it comes to building a livable, sustainable, and economically viable place, there’s no such thing as finished,” Bradley says.

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Business Intelligence Report
9:32 am
Mon July 21, 2014

Top Business Stories: Tax Holiday, Urgent Care Clinics, And The Push For "Right-To-Farm" Legislation

Santi Kos, manager of Fashion Sport and Uniforms at 1300 NW 23rd St. in Oklahoma City.
Credit Brent Fuchs, The Journal Record

Parents, Cities And Counties Plan For Back-To-School Tax Holiday.

August first through third, shoppers don’t have to pay sales tax on clothing items that cost less than $100. The holiday was implemented in 2007 to discourage shoppers from crossing state lines to save.

That’s good news for family budgets, but it also means the state misses out on $4 million it might have had otherwise.

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