Business and Economy

Around the Nation
4:02 am
Thu January 30, 2014

Drought Forces Calif. Farmers To Cut Back On Planting

Originally published on Sat February 1, 2014 5:45 pm

Transcript

ARUN RATH, HOST:

Awful snowstorms and a brutal cold snap dominated the weather news this week. But in the background, a long dry spell in parts of the Central and Western U.S. has now turned into a full scale drought. Farmers and ranchers across 11 states are struggling with a severe lack of rain and snow. Among the hardest hit states, California.

NPR's Nathan Rott traveled to the Central Valley, California's agricultural hub, and has this story.

NATHAN ROTT, BYLINE: Let's jump in a truck, and I'll explain as we go.

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Around the Nation
4:02 am
Thu January 30, 2014

Ridge Of High Pressure Blocks Snow From Oregon Ski Resort

Originally published on Thu January 30, 2014 6:24 am

Throughout the West, bone dry conditions are exacting a toll on places that rely on water to thrive. In southern Oregon, recreation plays an important role in the region's economy. The ongoing drought is drying up streams where fishing once was plentiful and it's left ski resorts wanting for snow.

Business
3:36 am
Thu January 30, 2014

Gunmakers Protest Microstamping Law In Calif.

Originally published on Thu January 30, 2014 6:24 am

Transcript

STEVE INSKEEP, HOST:

NPR's business news includes halted gun sales in California.

(SOUNDBITE OF MUSIC)

INSKEEP: Two of the nation's largest gun manufacturers have announced they will stop selling semi-automatic hand guns in California. This is because of a dispute over a new identification law.

NPR's Kirk Siegler reports.

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Around the Nation
3:36 am
Thu January 30, 2014

New York Looks To Bring Bitcoin Out Of The Shadows

Cameron (left) and Tyler Winklevoss testified Wednesday at a hearing about virtual currencies held by the New York Department of Financial Services.
Craig Ruttle AP

Originally published on Fri January 31, 2014 1:58 pm

New York could soon become the first state in the nation to write comprehensive regulations for the largely lawless world of virtual currencies.

The biggest one, Bitcoin, has many boosters, but it has also been connected with some spectacular crimes. On Monday, federal prosecutors announced the arrests of two men accused of using Bitcoin to help their clients buy and sell over $1 million in illegal drugs.

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Politics
3:36 am
Thu January 30, 2014

Obama Calls For The Creation Of MyRA Accounts

Originally published on Thu January 30, 2014 6:24 am

Transcript

STEVE INSKEEP, HOST:

It's MORNING EDITION from NPR News. I'm Steve Inskeep.

A passage in President Obama's State of the Union speech promoted job training. He'll promote it again today when visiting a General Electric plant outside Milwaukee. The president is trying to follow up on his address, which is also why he promoted retirement savings while visiting Pittsburgh yesterday.

NPR's Scott Horsley was there.

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Business
3:36 am
Thu January 30, 2014

Lawmakers To Address Delaware's Troubled Casino Industry

Originally published on Tue February 4, 2014 3:27 pm

Transcript

STEVE INSKEEP, HOST:

Delaware's gambling industry is struggling. Revenues at the state's three casinos have steadily declined in recent years, as competition from neighboring states grows. A state task force is set to make recommendations to lawmakers this week to save the troubled casino industry from layoffs - or worse. NPR's Allison Keyes reports.

(SOUNDBITE OF BACKGROUND CASINO NOISES)

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The Great Plains Oil Rush
2:27 am
Thu January 30, 2014

Much Of North Dakota's Natural Gas Is Going Up In Flames

Gas flaring near Highway 85 southwest of Williston. Analysts estimate that almost 30 percent of the gas being produced in the state is burned off.
Jeff Brady/NPR

Originally published on Thu January 30, 2014 10:44 am

A remarkable transformation is underway in western North Dakota, where an oil boom is changing the state's fortunes and leaving once-sleepy towns bursting at the seams. In a series of stories, NPR is exploring the economic, social and environmental demands of this modern-day gold rush.

North Dakota's oil boom isn't just about oil; a lot of natural gas comes out of the ground at the same time. But there's a problem with that: The state doesn't have the pipelines needed to transport all of that gas to market. There's also no place to store it.

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Economy
4:16 pm
Wed January 29, 2014

Income Inequality, As Seen From Two Angles

Originally published on Thu January 30, 2014 10:00 am

Transcript

ROBERT SIEGEL, HOST:

Economic inequality was a key theme of the president's State of the Union address. Clearly, it's a subject that he is determined to get the country talking about and talking about in a different way; more broadening of opportunity, less talk of raising taxes on the rich. Here's part of what he said last night.

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The Great Plains Oil Rush
4:16 pm
Wed January 29, 2014

Oil Rush A Cash Cow For Some Farmers, But Tensions Crop Up

A drilling site rises from the middle of farmland near Fairfield, N.D. Many farmers and ranchers are profiting from the state's oil boom, but others complain that drillers are interfering with their business.
Jeff Brady NPR

Originally published on Thu January 30, 2014 10:00 am

A remarkable transformation is underway in western North Dakota, where an oil boom is changing the state's fortunes and leaving once-sleepy towns bursting at the seams. In a series of stories, NPR is exploring the economic, social and environmental demands of this modern-day gold rush.

Donny Nelson is a third-generation farmer and rancher near Keene, N.D., a rural community located in the center of an oil rush.

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Economy
4:16 pm
Wed January 29, 2014

A Fond Farewell To Fed Chairman Ben

Originally published on Thu January 30, 2014 10:00 am

Transcript

AUDIE CORNISH, HOST:

Ben Bernanke steps down this week as chairman of the Federal Reserve. The new chair, Janet Yellen, will take over on Saturday. After a two-day meeting, the message today from Fed policymakers was simple: Stay the course. The Fed released a statement saying it will continue dialing-back its stimulus.

NPR's John Ydstie has more on that decision and Bernanke's legacy.

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