Business

Business
4:27 pm
Wed January 22, 2014

Should Farmers Give John Deere And Monsanto Their Data?

Adam Cole NPR

Originally published on Wed January 22, 2014 7:01 pm

Starting this year, farmers across the Midwest can sign up for a service that lets big agribusiness collect data from their farms, minute by minute, as they plant and harvest their crops.

Monsanto and John Deere are offering competing versions of this service. Both are promising to mine that data for tips that will put more money in farmers' pockets.

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Business
2:43 am
Wed January 22, 2014

Gentrification May Actually Be Boon To Longtime Residents

The bustling Sidamo coffee shop in Washington's H Street Northeast neighborhood. The area has attracted many new, young residents and high-end bars, retail and restaurants over the past several years.
Meredith Rizzo NPR

Originally published on Wed January 22, 2014 8:34 am

Bobby Foster Jr. can often be found reading the paper on a wooden bench outside Murry's grocery store on the corner of Sixth and H streets northeast in Washington, D.C.

"The sun shines over here this time of day," says Foster, a retired cook. "It's always good when the sun shines."

Murry's has been an anchor in this neighborhood for decades — during the crack wars of the 1980s and the urban blight that followed, when most other businesses packed up and left. Foster has been somewhat of an anchor, too. He's lived here for 54 years.

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Planet Money
2:39 am
Fri January 17, 2014

The Birth Of The Minimum Wage In America

Franklin D. Roosevelt Libarary

Originally published on Fri January 17, 2014 3:46 pm

In 1895, legislators in New York state decided to improve working conditions in what at the time could be a deadly profession: baking bread.

"Bakeries are actually extremely dangerous places to work," says Eric Rauchway, a historian at the University of California, Davis. "Because flour is such a fine particulate, if it gets to hang in the air it can catch fire and the whole room can go up in a sheet of flame."

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Business
2:26 am
Thu January 16, 2014

Jobs Pitchman Takes Labor Department's Show On the Road

"Any federal employee who's driving a Dodge Viper either has a really good spouse, a really good inheritance or needs to be investigated by the inspector general," Labor Secretary Tom Perez says at the Detroit Auto Show.
Brian Naylor NPR

Originally published on Thu January 16, 2014 2:07 pm

Tom Perez is having fun at the North American International Auto Show in Detroit. He sits in a Corvette, climbs into a new pickup truck, and gamely poses for pictures next to a $140,000 Dodge Viper.

"Any federal employee who's driving a Dodge Viper either has a really good spouse, a really good inheritance or needs to be investigated by the inspector general," he jokes.

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Business
2:04 am
Wed January 15, 2014

Soon To Be Big In Japan, Jim Beam's Roots To Stay In Kentucky

In a $16 billion deal this week, Japanese beverage giant Suntory announced it plans to purchase Beam Inc., maker of Jim Beam and owner of other popular bourbon brands, including Maker's Mark.
Bruce Schreiner AP

Originally published on Wed January 15, 2014 9:48 am

In a $16 billion deal this week, Japanese beverage giant Suntory announced it plans to purchase Beam Inc., the maker of Jim Beam bourbon and the owner of other popular bourbon brands like Maker's Mark.

Those and most other bourbons are made in Kentucky, and the deal has some hoping the drink's growth in the global market won't come at the expense of its uniquely Kentucky heritage.

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Business
5:58 pm
Mon January 13, 2014

Ford's New F-150 May Pave The Way For More Aluminum Cars

At Detroit's North American International Auto on Monday, Ford unveiled the new F-150 with a body built almost entirely out of aluminum.
Carlos Osorio AP

Originally published on Mon January 13, 2014 7:53 pm

The North American International Auto show begins this week in Detroit, a preview of the most important car technology on the horizon. One of the stars of the show this year is the Ford F-150, a truck that's been the best-selling vehicle in the U.S. for decades. And it's by far Ford's most important model.

On Monday, the company unveiled a radically new more fuel-efficient redesign of the F-150 — featuring a lighter-weight aluminum body.

Aluminum's Advantages

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Business
4:12 pm
Mon January 13, 2014

How The Hackers Did It: A Dicussion About Target's Data Breach

Originally published on Mon January 13, 2014 7:53 pm

Transcript

MELISSA BLOCK, HOST:

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Business
12:09 pm
Sat January 11, 2014

Minimum Wage Loses Ground Since Its Banner Year In 1968

Protesters rally outside of a Wendy's in Brooklyn, New York, on Dec. 5 in support of raising fast food wages from $7.25 to $15 per hour.
Andrew Burton Getty Images

Originally published on Fri January 10, 2014 11:45 am

This week, we've been looking back at the legacy of the "War on Poverty," launched by Lyndon Johnson 50 years ago. The arsenal included government programs such as Head Start, food stamps and a push to increase the nation's minimum wage.

"We must extend the coverage of our minimum wage laws to more than 2 million workers now lacking this basic protection of purchasing power," Johnson said.

Low-wage workers actually saw their purchasing power peak while Johnson was in office. Adjusting for inflation, minimum wage workers earn less today than they did in the late 1960s.

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Business
12:04 pm
Sat January 11, 2014

Minimum Wage Fight Takes Shape Across The Map

Trish Gallagher holds a sign for passing motorists to read during a demonstration in support of a higher minimum wage near a Burger King in Boston on Dec. 5. Massachusetts is one of several states considering a minimum wage ballot measure.
BRIAN SNYDER Reuters/Landov

Originally published on Fri January 10, 2014 6:19 pm

You never know where you might find a volunteer with a clipboard looking for signatures trying to get a voter referendum on the local ballot – like Ed Flanagan in the town of North Pole, Alaska.

"I'm out in what's called the North Pole transfer station. This facility has about 50 metal dumpsters arranged in a fenced area. Folks back up and throw their household trash in there. This is a very busy place," he says.

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Business
4:53 pm
Wed January 8, 2014

As Temps Drop, Gas Prices Rise, Along With Demand For Fuel

Propane cylinders sit on the grounds of Blue Rhino, a propane gas company, in Tavares, Fla. In the Midwest, farmers needed more propane for crops that came in later than normal.
Gerardo Mora Getty Images

Originally published on Mon February 10, 2014 3:18 pm

Cold weather this week has boosted demand for heating fuels across the country. Natural gas prices are up, especially in the Northeast. At one point prices for natural gas into New York City jumped nearly tenfold from an average winter price of $5.68 per million BTU to $55.49, according to Bentek Energy, an analytics company.

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