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The Two-Way
7:51 am
Thu April 11, 2013

Japanese Car Makers Recall Millions Of Vehicles Over Faulty Airbags

Credit Jeff Kowalsky / AFP/Getty Images
The 2002 Toyota Corolla. At least some of them are subject to recall.

Originally published on Thu April 11, 2013 11:14 am

Some 3.4 million vehicles produced by four Japanese automakers are being voluntarily recalled due to faulty airbag inflators.

The inflators were installed in some of Toyota's top-selling Camry and Corolla models produced since 2000. Certain Honda Civics and Mazdas are also subject to recall, which also reportedly includes the Maxima and Cube, according to Reuters.

The defective passenger-side airbag inflators were produced by Tokyo-based Takata at a Mexican plant, Reuters says.

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The Two-Way
6:52 am
Thu April 11, 2013

Jobless Claims Fell Sharply Last Week

Credit Justin Sullivan / Getty Images
Many Americans hope to see more signs like this in coming months. (Photo taken earlier this year in San Rafael, Calif.)

Originally published on Thu April 11, 2013 9:52 am

There were 346,000 first-time claims for unemployment benefits, down 42,000 from the week before, the Employment and Training Administration reports.

Meanwhile, the "4-week moving average" of claims was 358,000, up by 3,000 from the previous week's 355,000. That measure smooths out some of the volatility in the numbers.

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Politics
3:14 am
Thu April 11, 2013

'Chained CPI' Worked Into Obama's 2014 Budget

Originally published on Thu April 11, 2013 8:59 am

Transcript

STEVE INSKEEP, HOST:

It's MORNING EDITION from NPR News. I'm Steve Inskeep reporting this week from Caracas, Venezuela.

DAVID GREENE, HOST:

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Business
3:14 am
Thu April 11, 2013

The Last Word In Business

Originally published on Thu April 11, 2013 8:59 am

Transcript

DAVID GREENE, HOST:

Now to Paris, France - where a walkout briefly shut down one of the world's most visited museums. Our last word in business: Pickpocket Protest.

The Louvre is famous for its priceless works of art - think the Mona Lisa - which it protects with high-tech security. But apparently, the Paris museum is less effective at protecting the valuables of patrons and staff.

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Business
3:14 am
Thu April 11, 2013

How Will Obama's Budget Affect You?

Originally published on Thu April 11, 2013 8:59 am

Transcript

DAVID GREENE, HOST:

OK. President Obama's budget is out - two months behind schedule. It is four volumes, 2,509 pages.

To tell us what pages we should be looking at closely, we turn, as we often do, to David Wessel. He's The Wall Street Journal's, economics editor and the author of a book on the budget called "Red Ink."

David, welcome back.

DAVID WESSEL: Thank you. Good to be with you.

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Business
3:14 am
Thu April 11, 2013

Federal Housing Administration May Need Bailed Out

Originally published on Fri April 12, 2013 10:58 am

Transcript

DAVID GREENE, HOST:

Now the Federal Housing Administration might need its first bailout in its 79 year history. So-called reversed mortgages are at the heart of the problem here, as fallout from the housing crisis continues.

NPR's Dan Bobkoff explains.

DAN BOBKOFF, BYLINE: Perhaps you've seen ads like this one on TV.

(SOUNDBITE OF TV AD)

FRED THOMPSON: A government-insured reverse mortgage allows seniors to stay in their own home and turn their equity into tax-free cash...

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Business
3:14 am
Thu April 11, 2013

Business News

Originally published on Thu April 11, 2013 8:59 am

Transcript

DAVID GREENE, HOST:

NPR's business news starts with an airbag recall.

(SOUNDBITE OF MUSIC)

GREENE: The recall affects some three million vehicles made by four Japanese car makers: Toyota, Nissan, Honda and Mazda. All are citing a problem with passenger-side airbags that causes them to deploy abnormally and potentially cause a fire.

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Planet Money
3:14 am
Thu April 11, 2013

Whose MP3s Are They, Anyway?

Credit Justin Sullivan / Getty Images

Originally published on Thu April 11, 2013 1:50 pm

If you have a CD or book you don't want anymore, you can sell it. The law says that's perfectly legal. But what about an MP3 or an e-book? Can you legally resell your digital goods?

This was the question before a judge in the case of Capitol Records v. ReDigi Inc.

Launched in 2011, ReDigi is basically a digital version of a used-record store. You can sell the company your old MP3s, and you can buy "used" MP3s that other people have sold.

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Planet Money
3:38 pm
Wed April 10, 2013

Two Centuries Of Energy In America, In Four Graphs

Credit Lam Thuy Vo / NPR

Until well into the 19th century, if you lived in the U.S. and wanted to heat your house, fire your forge, or whatever, you did what people had done for thousands of years: You chopped down a tree and burned it.

It wasn't until the rise of the railroads in the mid 19th-century that coal became a significant energy source in this country. As industrialization continued in the second half of the century, the use of coal continued to rise, powering heavy industry (think U.S. Steel), heating urban homes, and generating electric power.

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Business
2:34 pm
Wed April 10, 2013

Postal Service Backs Off Ending Saturday Mail Delivery

Originally published on Wed April 10, 2013 5:19 pm

Transcript

MELISSA BLOCK, HOST:

Turns out that Saturday first-class mail service isn't going anywhere. The Postal Service today backtracked on its decision to reduce deliveries in an effort to save money. But it says that's only because language in the bill funding the federal government currently bars such a change. As NPR's Yuki Noguchi reports, this means the service will be running even deeper in the red.

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The Two-Way
1:31 pm
Wed April 10, 2013

Dealer Says He Doctored Most Valuable Baseball Card Ever Sold

Credit Chris Hondros / Getty Images
A rare example of the 1909 Honus Wagner baseball card. In 2007, one of them fetched a whopping $2.8 million.

Originally published on Wed April 10, 2013 3:17 pm

A judge has rejected a plea agreement from the former head of a sports memorabilia auction house who admitted to using shill bidders to drive up prices and to altering the most valuable baseball card ever sold.

William Mastro of Mastro Auctions admitted to doctoring the 1909 Honus Wagner cigarette card that was once owned by hockey great Wayne Gretzky. The card sold for $2.8 million in 2007.

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Economy
11:26 am
Wed April 10, 2013

How The Latest Budget Could Affect You

Originally published on Wed April 10, 2013 12:51 pm

Transcript

NEAL CONAN, HOST:

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The Salt
10:33 am
Wed April 10, 2013

Surprise: Organic Apples And Pears Aren't Free Of Antibiotics

Originally published on Sun April 14, 2013 9:31 am

Note: We've updated the headline on this post for the sake of clarity. To be clear, it's the apple and pear tree blossoms that get sprayed with antibiotics, not the fruit itself.

Apples and especially pears are vulnerable to a nasty bacterial infection called fire blight that, left unchecked, can spread quickly, killing fruit trees and sometimes devastating whole orchards.

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Race
10:08 am
Wed April 10, 2013

New Report On Black America Reveals 'A Tale of Two Truths'

Transcript

MICHEL MARTIN, HOST:

This is TELL ME MORE from NPR News. I'm Michel Martin. Coming up, can I tell you how great you look? No? Well, that's my Can I Just Tell You essay and it's coming up in a few minutes.

But first, we are focusing on the economic progress or lack thereof facing African-Americans. This year marks the 50th anniversary of a number of important dates in civil rights history, including the march on Washington and Martin Luther King, Jr.'s "I Have A Dream" speech.

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The Two-Way
10:00 am
Wed April 10, 2013

Post Office Will Keep Saturday Mail Delivery After All

Credit John Gress / Getty Images
A Chicago postal worker protests in support of Saturday mail delivery in February.

Originally published on Wed April 10, 2013 12:50 pm

The U.S. Postal Service has backed off a plan to halt Saturday mail delivery, saying that Congress has forced it to continue the service despite massive cost overruns.

In a statement released Wednesday, the USPS Board of Governors said restrictive language included in the latest Continuing Resolution, which keeps the government operating until September in lieu of a budget, prevents it from going ahead with the plan.

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Shots - Health News
8:08 am
Wed April 10, 2013

Companies On The Move Look For Healthy Workers

Credit Ed Andrieski / AP
A Denver man runs in the snow near Washington Park after a winter storm moved through town in late January.

Originally published on Thu April 11, 2013 7:04 am

It may cost less to do business in places where there's what some people call a culture of health. And that's put Colorado, which has the lowest rates of adult obesity in the country, on the map for companies looking to relocate or expand.

Kelly Brough is making the most of it. She runs the Denver Metro Chamber of Commerce, and she's creative about luring businesses to relocate to Colorado. She runs a "Colorado loves California" campaign, for instance.

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Politics
2:42 am
Wed April 10, 2013

White House To Unveil 2014 Budget Plan

Originally published on Wed April 10, 2013 5:20 am

President Obama formally releases his budget for fiscal 2014 Wednesday. But it's not clear if anyone in the Republican leadership is even willing to negotiate the details.

Education
2:42 am
Wed April 10, 2013

Survey: More Pell Grant Recipients Are Nontraditional Students

Originally published on Wed April 10, 2013 11:01 am

The federal government each year gives needy college students billions of dollars they don't have to pay back — $34.5 billion to be exact. More than 9 million students rely on the Pell Grant program. But a new study says much of the money is going to people who never graduate.

Sandy Baum, an expert on student financial aid, has been leading a group in a study of the 48-year-old Pell Grant program. Their report, commissioned by the nonprofit College Board, confirms what many have known for years about grant recipients.

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Business
2:42 am
Wed April 10, 2013

The Last Word In Business

Originally published on Wed April 10, 2013 5:20 am

That's the goal of an investment firm in Helsinki. That's the term for a video game controlled by brainwaves. The Wall Street Journal reports the agency is bringing together neuroscientists and game developers.

Business
2:42 am
Wed April 10, 2013

Business News

Originally published on Wed April 10, 2013 3:35 pm

Transcript

DAVID GREENE, HOST:

We'll begin NPR's business news with a $3.6 billion payback.

(SOUNDBITE OF MUSIC)

GREENE: Starting this week, the nation's largest banks begin sending out checks to borrowers forced into home foreclosure during the robo-signing scandal. Over four million people will receive payments - ranging from $300 to $125,000 - as part of settlements made with the federal government.

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Business
2:42 am
Wed April 10, 2013

Goodyear Updates Its 'Aerial Ambassador' The Blimp

Originally published on Wed April 10, 2013 5:20 am

One of the oldest billboards in American advertising is getting an update. The Goodyear blimp has been used for company promotions since 1925. A new model is being assembled in Akron, Ohio, by a crew from Goodyear and the German company Zeppelin.

Business
2:42 am
Wed April 10, 2013

Businesses Seek Out Areas With 'Culture Of Health'

Originally published on Wed April 10, 2013 5:20 am

Businesses looking to relocate are making the health of a state's population part of their decision-making process. One Fortune 500 CEO explains it can save millions in reduced health insurance claims and absenteeism. Colorado's economic development officials are already trying to improve the health and fitness of the next generation of workers in order to stay competitive.

Around the Nation
2:42 am
Wed April 10, 2013

Court: Exxon-Mobile Guilty In N.H. Contamination Suit

Originally published on Wed April 10, 2013 4:09 pm

Transcript

DAVID GREENE, HOST:

A jury in New Hampshire has ruled that Exxon-Mobile must pay the state $236 million. The money would help clean groundwater that was contaminated with a gasoline additive known as MTBE. But as New Hampshire Public Radio's Sam Evans-Brown reports, the story doesn't end there.

SAM EVANS-BROWN, BYLINE: In a little state like New Hampshire, $236 million is nothing to sneeze at.

(SOUNDBITE OF ANNOUNCEMENT)

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The Sequester: Cuts And Consequences
1:22 am
Wed April 10, 2013

Some Public Defenders Warn: 'We Have Nothing Left To Cut'

Originally published on Wed April 10, 2013 5:20 am

Steven Nolder joined the federal public defender's office when it opened in Columbus, Ohio, nearly 18 years ago. Nolder handled his share of noteworthy cases, including the first federal death penalty trial in the district and the indictment of a former NFL quarterback embroiled in a ticket fraud scheme.

Lately, Nolder says, his professional world has turned upside down.

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Business
1:20 am
Wed April 10, 2013

Construction Booming In Texas, But Many Workers Pay Dearly

Originally published on Thu April 11, 2013 11:12 am

Like almost everything in the Texas, the construction industry in the Lone Star State is big. One in every 13 workers here is employed in the state's $54 billion-per-year construction industry.

Homebuilding and commercial construction may be an economic driver for the state, but it's also an industry riddled with hazards. Years of illegal immigration have pushed wages down, and accidents and wage fraud are common. Of the nearly 1 million workers laboring in construction here, approximately half are undocumented.

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Financial Basics For Baby Boomers
1:19 am
Wed April 10, 2013

Debt And The Modern Parent Of College Kids

Credit iStockphoto.com
How will you pay for your kids' college?

Originally published on Wed April 10, 2013 7:44 am

It's college touring season, and many parents are on the road with their teenagers, driving from school to school and thinking about the college application — and financial aid — process that looms ahead.

Many baby boomers have already been through this stage with their kids, but because the generation spans about 20 years, others still have kids at home. So how should boomers plan to pay for school when, on average, students graduate from college in the U.S. with $25,000 in debt?

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Your Money
4:46 pm
Tue April 9, 2013

Will You Be Chained To A Smaller Check In Retirement?

Credit J. David Ake / AP
Opponents of President Obama's expected proposed changes to Social Security rallied at the White House on Tuesday. Among them were lawmakers like Minnesota Democratic Rep. Rick Nolan.

When President Obama on Wednesday unveils his blueprint for the government's 2014 budget, he'll offer lots of ideas for changes in taxes and spending.

But the proposal likely to grab the most attention will be the one dealing with cost-of-living adjustments for Social Security recipients. Many economists would applaud a change in the way Social Security officials measure inflation, but many older Americans may hiss, fearing a new formula will cut their benefits.

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The Two-Way
3:47 pm
Tue April 9, 2013

Bitcoin Surpasses $200 Mark, Continuing 'Epic' Rise

Credit Bitcoin Charts
A chart shows the sharp rise of bitcoin against the U.S. dollar in the past five days. Only two months after exchange rates put a single bitcoin's value at around $20, it surpassed $200 Tuesday.

Bitcoin, the digital currency that trades outside the control of central banks and international borders, reached new heights Tuesday, surpassing the $200 mark for the first time. That level comes just five days after bitcoin approached $150, a development that Mt.Gox, the largest exchange service for the currency, deemed to be "epic."

Bitcoin's rise has been sharp. It was only two months ago that exchange rates put a single bitcoin's value at around $20.

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All Tech Considered
3:34 pm
Tue April 9, 2013

Austin Is Latest Testbed For Google's High-Speed Experiment

Credit Orlin Wagner / AP
Matthew Marcus works at his desk in the basement of Kansas City Startup Village in Kansas City, Kan., in January. The village houses several startup companies and takes advantage of the high-speed Internet. Google announced on Tuesday it would be installing its Google Fiber network in Austin, Texas, next.

Originally published on Tue April 9, 2013 5:34 pm

Google announced Tuesday that its Google Fiber project would be hitting Austin, Texas, next. The company says Austin, famous for its South by Southwest festival, is a "mecca for creativity and entrepreneurialism, with thriving artistic and tech communities."

Google Fiber is the tech giant's blazing fast Internet service, with current rates at 1 Gpbs, about 100 times faster than your typical cable broadband Internet service. It debuted in Kansas City in 2012.

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Business
3:34 pm
Tue April 9, 2013

After Missteps, Does J.C. Penney Stand Another Chance?

Credit Mary Altaffer / AP
After an unsuccessful face-lift attempt by Ron Johnson, J.C. Penney will be led by former CEO Myron Ullman. Some analysts say this might be it for the retailer; others say it must "embrace" its customers to recuperate.

Originally published on Tue April 9, 2013 5:34 pm

A year and a half ago, J.C. Penney's then-brand new CEO Ron Johnson undertook what was supposed to be a transformation of the 110-year-old department store. Yesterday, the retailer cut his tenure short.

J.C. Penney lost nearly $1 billion last year as customer traffic dropped off.

Now, it's bringing back former Chief Executive Officer Myron Ullman to try to stanch the bleeding.

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