Business and Economy

NPR Story
4:00 am
Mon May 5, 2014

Naked Cowboy Switches From Briefs To Boxers

Originally published on Mon May 5, 2014 6:40 am

Transcript

RENEE MONTAGNE, HOST:

Today's last word in business is: A change of underwear.

New York City's Robert Burck is a Times Square street performer known as the Naked Cowboy.

STEVE INSKEEP, HOST:

There's a bit of exaggeration in calling him naked, but only a bit. Mr. Burck performs wearing only a guitar, a 10-gallon hat, cowboy boots and a pair of white briefs. Starting tomorrow, he trades in the briefs for a set of boxers - for a fee.

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NPR Story
4:00 am
Mon May 5, 2014

Overhaul Bill Criticized For Ending Affordable Housing Goals

Senate Banking Committee Chairman Tim Johnson, D-S.D., (left) and ranking member Sen. Mike Crapo, R-Idaho, are proposing a major overhaul of the U.S. mortgage market.
Chip Somodevilla Getty Images

Originally published on Mon May 5, 2014 12:25 pm

There's a fight in Washington over the future of homeownership in America. At issue is a bipartisan bill to dramatically reshape the housing finance industry — the industry that was at the heart of the financial crisis. It's also an industry that's at the heart of the American dream — and the bill before Congress may affect who can afford to buy a house.

The Obama administration supports the bill. But civil rights groups and housing advocates say it would weaken rules that push banks to lend to low- and moderate-income homebuyers.

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Planet Money
2:38 am
Mon May 5, 2014

Seeking A Fortune Through Search Funds

Alex Livingston and Eddie Santillan have convinced investors to fund their salary and expenses while they look for a solid company with good earning potential.
Courtesy of Isabel Angell

Originally published on Mon May 5, 2014 9:54 am

Alex Livingston graduated from Harvard Business School last year. He was offered a pretty sweet job at a startup, but he turned that down in favor of something a lot more ambitious.

He's 27 years old, and he wants to be a CEO, not in 15 years but now. He and his business school classmate, Eddie Santillan, knew they wanted to run a company together. They just didn't know which company. So they went to investors and asked them to be their partners — to give them some money so they could find a company to buy. If the company did well, the investors would, too.

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Business
3:53 pm
Sun May 4, 2014

Climate Change Warming Up Business In The Arctic

Originally published on Sun May 4, 2014 5:19 pm

Transcript

ARUN RATH, HOST:

And if you're just joining us, this is ALL THINGS CONSIDERED from NPR West. I'm Arun Rath. Climate change is melting polar ice at an alarming rate. While this terrifies many people, especially those living near sea level, some businesses are seeing an opportunity, a big opportunity. According to the National Snow and Ice Data Center, the year-round ice cover in the Arctic is now half the size it was in the 1980s. And previously inaccessible natural resources are now there for the taking.

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All Tech Considered
4:12 am
Sun May 4, 2014

Snapchat's New Video Messages Feature Is Meant To Last Longer

Evan Spiegel is the CEO of Snapchat. The company recently introduced a new chatting feature in the app, which deletes message seconds after they are viewed.
Jae C. Hong AP

Originally published on Mon May 5, 2014 12:42 pm

When Snapchat first landed, its ephemerality was hard for some people to wrap their heads around. Messages disappear seconds after being viewed, the tools to draw or write on photos are rudimentary and then, there was the whole matter of teens using it for sexting.

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Economy
5:27 pm
Sat May 3, 2014

Playing Matchmaker To Empty Jobs And Those Seeking Them

Chevron's El Segundo Refinery is just one of many in the Los Angeles area that must stock up on workers during fast turnaround projects.
David McNew Getty Images

Originally published on Sun May 4, 2014 8:50 pm

The easiest time to get hired at one of the seven oil refineries in the Los Angeles area is during what's called a turnaround. These breaks, when the refineries are shut down for routine maintenance, are incredibly labor-intensive. And refineries want to get them done as quickly as possible.

So companies need enough people to get the job done. But those workers must have specific skills.

In this line of work, as with other U.S. industries, there's a skills gap.

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Sports
4:18 pm
Sat May 3, 2014

Donald Sterling, Philanthropist: What To Do With His Donations?

Originally published on Sat May 3, 2014 5:27 pm

UCLA cancelled a $3 million donation from LA Clippers owner Donald Sterling, because of racist comments Sterling made in a recording. The donation was to go towards kidney research. Host Arun Rath speaks with Stacy Palmer, editor of The Chronicle of Philanthropy, about why institutions return money that could still be used for good causes.

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The Two-Way
3:32 pm
Sat May 3, 2014

GM Fuel Gauge Recall Affects Thousands Of SUVs

A new GM recall over defective fuel gauges affects the 2014 Buick Enclave (seen here), along with the Chevrolet Traverse and GMC Acadia.
AP

Weeks after issuing recalls for safety problems in some of its most popular cars, GM says it needs to fix defective fuel gauges that can give SUV drivers little or no warning their vehicle might run out of fuel. GM's latest recall potentially affects 51,640 SUVs that were built in 2013.

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Economy
8:52 am
Sat May 3, 2014

Discouraging Numbers Hidden By A Positive Jobs Report

Originally published on Sat May 3, 2014 11:33 am

The April jobs report came in much better than expected, though the shrinking labor force leaves some unanswered questions.

Media
8:52 am
Sat May 3, 2014

'Slate Plus' Offers Readers Inside Access, For A Fee

Originally published on Sat May 3, 2014 11:33 am

Transcript

SCOTT SIMON, HOST:

Since the dawn of digital news, publications have been trying to figure out how to make money. Newspapers and magazines have experimented with paywalls and subscriptions. Few have been successful. Slate, the online magazine, is trying a new way to raise much-needed revenue. They were one of the first to erect a paywall back in 1998, but it didn't work. They had to open up the site to get readers back.

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