At a Ford plant in Michigan, workers load a battery into a Ford C-MAX plug-in hybrid vehicle. The economy picked up speed in the third quarter. Economists caution, though, that it may slow in coming quarters.
Originally published on Fri December 20, 2013 12:14 pm
The U.S. economy expanded at a 4.1 percent annual rate in the third quarter, a significantly faster pace than first thought and its strongest showing since the end of 2011, the Bureau of Economic Analysis said Friday.
After each quarter, the agency spends the next three months reporting and revising its figures on gross domestic product growth.
From the NPR Newscast: Julie Rovner on the latest changes to the health care program (with an introduction from Jean Cochran)
Word from the Obama administration that Americans who recently had their health insurance canceled will be allowed to buy "catastrophic policies" mostly intended for young adults has upset the insurance industry, NPR's Julie Rovner tells our Newscast desk.
NPR's business news starts with more changes to Obamacare.
(SOUNDBITE OF MUSIC)
GREENE: Millions of Americans facing canceled health insurance policies under the Affordable Care Act will no longer be fined for being uninsured in the new year. Instead, they can now enroll in basic coverage, previously available only to those with a hardship exemption.
Nothing like a story about pizza to make you hungry. And then we bring you this, our last word in business, which is: Shanghai Golden Monkey. That's the Chinese candy maker that Hershey bought yesterday for almost $600 million.
STEVE INSKEEP, HOST:
Hershey is not monkeying around. It may hold the largest share of the U.S. chocolate market, but only a small share of candy sales overseas.
OK. If you do Christmas shopping, time is running out. But starting today, Kohl's department stores want to help take some of the pressure off. For the first time ever, nearly all the retailers - more than 1,100 stores - will remain open 24 hours a day - 24 hours a day - five days straight. And this is a thing.
The Daily Show's Jon Stewart recently ranted against Chicago-style deep-dish pizza.
"Let me explain something. Deep-dish pizza is not only not better than New York pizza — it's not pizza," said Stewart, calling it "tomato soup in a bread bowl. ... I don't know whether to eat it, or throw a coin in it and make a wish."
Some upset Chicagoans made their own wishes — which can't be repeated here.
A lettuce thinner created by an agricultural tech startup uses cameras and sensors to thin lettuce rows. Salinas, Calif., has hired a venture capital fund to help it attract other high-tech agricultural companies to the area.
Salinas is just one hour south of California's Silicon Valley, but generations behind when it comes to technology. Many of its sprawling lettuce farms are stuck in the era of rakes and hoes.
City officials are hoping to change that — and also spur some job growth — by investing in high-tech agriculture.
At Taylor Farms in Salinas, Andrew Fernandez, the company's vice president of product, is stepping on heads of crunchy romaine lettuce, making his way over to a very big tractor. It's a water jet knife machine, and it's on the cutting edge of lettuce farming technology.