Business and Economy

The Two-Way
3:47 pm
Wed March 18, 2015

Protesters, Police Clash At Opening Of European Central Bank Headquarters

A protester holds a stone as police use water cannons on crowds near the new headquarters of the European Central Bank in Frankfurt, Germany.
Michael Probst AP

Originally published on Wed March 18, 2015 5:15 pm

Anti-capitalist demonstrators and police battled Wednesday outside the European Central Bank's new headquarters in Frankfurt, Germany. Police cars were set on fire and nearby streets were blockaded with burning tires while a ceremony got underway inside to inaugurate the $1 billion-plus building.

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The Salt
3:00 pm
Wed March 18, 2015

This Spanish Pig-Slaughtering Tradition Is Rooted In Sustainability

Pig farmer Armando Escaño stands with his Iberian pigs on his farm on western Spain's dehesa. Escaño raises pigs for jamón ibérico, Spain's most prized ham.
Lauren Frayer for NPR

Originally published on Wed March 18, 2015 7:51 pm

In Spain, an age-old way of surviving the winter is getting some new attention from foodies worldwide. It's called la matanza — literally, the killing of a pig. It's an ancient ritual in danger of dying out, amid an influx of commercial abattoirs and modern supermarkets. But Spain's matanza is now getting renewed interest from farm-to-table food enthusiasts.

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The Two-Way
1:54 pm
Wed March 18, 2015

Fed Sends Clear Sign On Raising Rates, But Says Hike Unlikely In April

Federal Reserve Chair Janet Yellen, seen Feb. 25 on Capitol Hill.
Pablo Martinez Monsivais AP

Originally published on Wed March 18, 2015 4:42 pm

Updated at 2:47 p.m. ET

The Federal Reserve moved a step closer toward ending its zero interest rate policy. In a statement released Wednesday afternoon, the Fed dropped a pledge to be "patient" before raising rates. But, the Fed's Open Market Committee said, it is unlikely to raise rates in April.

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Economy
4:38 am
Wed March 18, 2015

The Fed's Next Move Is A Delicate One

Originally published on Wed March 18, 2015 5:05 pm

Copyright 2015 NPR. To see more, visit http://www.npr.org/.

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STEVE INSKEEP, HOST:

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Business
4:38 am
Wed March 18, 2015

A Nuclear Deal With Iran Could Increase Global Oil Glut

Originally published on Sat March 21, 2015 9:09 am

It's not just Benjamin Netanyahu and other world leaders who are scrutinizing the Iran negotiations. Oil traders are, too. That's because there's already an oil glut, and an Iran deal could lift sanctions and mean even more oil.

"Even the thought that Iranian oil could be unleashed on the global market is, you know, getting people to sell first and ask questions later," says Phil Flynn, a senior market analyst and oil trader at The Price Group in Chicago.

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U.S.
2:24 am
Wed March 18, 2015

Kentucky Right-To-Work Battle Shifts To Counties

A Teamsters union from Lexington, Ky., was on hand as Warren County became the first county in the U.S. to pass a local right-to-work law.
Lisa Autry WKU Public Radio

Originally published on Fri March 27, 2015 6:21 am

This past January, the Republican-led Kentucky Senate did what it does just about every year: It passed a statewide right-to-work bill.

Keeping with tradition, when the bill arrived at the Democratic-controlled House, it died.

For decades, Democrats have rejected efforts to allow employees in unionized companies the freedom to choose whether to join a union.

Now, the battle has shifted from the statehouse to individual counties.

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The Two-Way
4:22 pm
Tue March 17, 2015

European Allies Defy U.S. In Joining China-Led Development Bank

Chinese President Xi Jinping, center, and Asian leaders approved an agreement on the Asian Infrastructure Investment Bank in Beijing in Oct., 2014. European countries are beginning to sign up too.
Takaki Yajima AP

Originally published on Wed March 18, 2015 4:33 pm

Four key European allies have broken ranks with the U.S. to join a major new development bank created by China. Germany, France, and Italy today agreed to join the Asian Infrastructure Investment Bank. Last week, the U.K., one of America's staunchest allies, became the first Western nation to join the new bank.

The Obama administration opposes the AIIB, due to open later this year, and has pressured allies such as South Korea, Japan and Australia not to join the new bank. The administration says there's no need for another international lending institution.

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U.S.
3:58 pm
Tue March 17, 2015

Sex Discrimination Trial Puts Silicon Valley Under The Microscope

Ellen Pao, a former partner at Silicon Valley venture capital firm Kleiner Perkins Caufield & Byers, says women were excluded from all-male meetings at the company and denied seats on boards. The firm says she was fired for poor performance.
Robert Galbraith Reuters/Landov

Originally published on Tue March 17, 2015 7:18 pm

When the venture capital firm that funded Google and Amazon fired Ellen Pao in 2012, it said it let her go because she didn't have what it takes.

Pao disagreed — and sued her former employer, Kleiner Perkins Caufield & Byers, for gender bias and retaliation. The trial, now underway in San Francisco, is providing a rare look into allegations of sex discrimination and the world of venture capital.

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World
3:52 pm
Tue March 17, 2015

Ukraine Finance Minister On Rebuilding The Economy In The Midst Of War

Originally published on Tue March 17, 2015 7:18 pm

Copyright 2015 NPR. To see more, visit http://www.npr.org/.

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DON GONYEA, HOST:

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Economy
3:52 pm
Tue March 17, 2015

France, Germany, Italy Defy U.S. In Joining China-Led Development Bank

Originally published on Tue March 17, 2015 7:18 pm

Copyright 2015 NPR. To see more, visit http://www.npr.org/.

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MELISSA BLOCK, HOST:

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