Business and Economy

Business and Economy
8:32 pm
Tue May 13, 2014

Declining Corporate Tax Collections Biggest Contributor To Oklahoma’s Revenue Slump

Oklahoma Watch

Oklahoma is one of only seven states in the nation where revenues available for appropriation are falling below expectations despite growth in the broader economy, according to a newly released survey by the National Conference of State Legislatures.

The conference, in its spring 2014 state budget update, attributed Oklahoma's revenue shortfall primarily to an unanticipated decline in corporate tax collections. It said the same problem is creating budget difficulties in Delaware and Tennessee.

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The Two-Way
4:27 pm
Tue May 13, 2014

2 Die In W.Va. Mine With Troubled Safety Record

Two coal miners died in a mine accident in Boone County, W.Va., Monday night, in a mine with a troubled safety record.

The accident occurred at the Brody Mine No.1, which is owned by Patriot Coal. In a statement, the company says the deaths were caused by "a severe coal burst as the mine was conducting retreat mining operations."

A burst occurs when the downward pressure of the earth sitting above the mine forces coal or rock to shoot out from the rock walls.

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Planet Money
4:04 pm
Tue May 13, 2014

In Somalia, Collecting People For Profit

Adad Hassan Jimali stands next to a sign for her private camp for displaced persons. The camp, which is in Mogadishu, Somalia, is called Nasiib Camp.
Gregory Warner NPR

Originally published on Thu June 19, 2014 5:28 am

Last year I took a drive through the streets of Mogadishu, Somalia, in a bulletproof SUV. My seatmate was Justin Brady, who at the time was working for the U.N. We were both wearing body armor — standard issue for these trips — and we were followed by a second car with more guys with guns.

Coordinating humanitarian aid can be an incredibly risky job in Somalia, where Islamist militants al-Shabab have declared open season on any Westerner or anyone accused of working with the so-called Western occupier.

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Music
3:32 pm
Tue May 13, 2014

From B-Boys To Billions, A Brief History Of Hip-Hop As Business

Originally published on Tue May 13, 2014 6:26 pm

Apple is expected to buy Beats Electronics for more than three billion dollars, meaning Beats co-founder Dr. Dre would be close to becoming the first hip-hop billionaire. Professor Travis Gosa, who teaches hip-hop culture at Cornell, comments on the trajectory of hip-hop, from the underground to international markets and brands.

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The Two-Way
3:18 pm
Tue May 13, 2014

Russia Aborts Rocket Engine Sales, GPS Cooperation With U.S.

Orbital Sciences Corp.'s Antares rocket lifts off at Wallops Island, Va., in April of last year. The Antares uses a pair of Russian-made NK-33 rocket engines that Moscow says it will stop supplying for military launches.
Steve Helber AP

In a tit-for-tat sanctions dispute over the situation in Ukraine, a top Russian official said Tuesday that Moscow would stop supplying the U.S. with rocket engines used in military satellite launches and suspend operation of GPS ground stations in Russian territory.

The moves come after Washington banned some high-tech equipment sales to Russia as part of sanctions in response to the annexation of Crimea.

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Business
3:12 pm
Tue May 13, 2014

Companies Face Backlash Over Foreign Mergers To Avoid U.S. Taxes

Pfizer is pursuing British drugmaker AstraZeneca, in part because it wants to lower its tax rate by moving its headquarters to London.
Spencer Platt Getty Images

Originally published on Tue May 13, 2014 6:26 pm

U.S. drugmaker Pfizer has offered more than $100 billion to acquire its London-based rival, AstraZeneca. Pfizer says it likes AstraZeneca's strong "pipeline" of new drugs. But the American company makes clear it is pursuing the British firm because it wants to lower its tax rate.

All Pfizer has to do is buy the company and move its headquarters to London.

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Business
3:05 pm
Tue May 13, 2014

Housing Regulator Has Big Plans In Store For Two Mortgage Titans

Originally published on Tue May 13, 2014 6:26 pm

A top federal regulator for the U.S. housing market signaled some big changes for government-run mortgage giants Fannie Mae and Freddie Mac. The changes likely mean lending will be expanded.

The Salt
3:05 pm
Tue May 13, 2014

Ranchers Wary As U.S. Considers Brazilian Beef Imports

Cattle rancher Sharon Harvat says she's worried about how the Brazilian beef imports will impact her business.
Luke Runyon NPR

Originally published on Tue May 13, 2014 7:25 pm

Sharon Harvat drives a blue pickup truck through a field of several hundred pregnant heifers on her property outside Scottsbluff in western Nebraska. Harvat and her husband run their cattle in the Nebraska panhandle during the winter, then back to northern Colorado after the calves are born.

Harvat says when she heard about a proposal to open up the beef trade with Brazil, she felt a pit in her stomach.

"On an operation like ours, where we travel a lot with our cattle, that would probably come to an abrupt halt if there was an outbreak," she says.

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All Tech Considered
11:34 am
Tue May 13, 2014

Big Questions Now That Europeans Can Edit Google Search Results

Attendees line up to enter the Google I/O developers conference in San Francisco in May 2013.
Justin Sullivan Getty Images

Originally published on Tue May 13, 2014 12:25 pm

In case you missed it, Europe's highest court has set a new precedent: Individuals in 28 European countries can now request the removal of search results they consider harmful. Is this ruling a big win for the individual? Or does this break the Internet?

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Shots - Health News
10:37 am
Tue May 13, 2014

Employers May Start Paying You To Buy Health Insurance

Employees pay directly for their health insurance in "defined contribution" plans.
iStockphoto

What if employers started giving workers a chunk of cash to buy health insurance on their own instead of offering them a chance to buy into the company plan? Are workers ready to manage their own health insurance like they do a 401(k)?

The idea that employers might drop their health plans and replace them with a "defined contribution" for employees has been around for years. It's one way for employers to control their expenses in the face of the relentlessly rising costs of health care.

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