Business

War on Poverty
8:15 am
Wed January 8, 2014

For LBJ, The War On Poverty Was Personal

President Lyndon B. Johnson delivers his State of the Union address to a joint session of Congress on Jan. 8, 1964.
AP

Originally published on Wed January 8, 2014 10:31 am

President Lyndon Johnson stood in the Capitol on Jan. 8, 1964, and, in his first State of the Union address, committed the nation to a war on poverty.

"We shall not rest until that war is won," Johnson said. "The richest nation on Earth can afford to win it. We cannot afford to lose it."

It was an effort that had been explored under President Kennedy, but it firmly — and quickly — took shape under Johnson.

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War on Poverty
2:29 am
Wed January 8, 2014

Kentucky County That Gave War On Poverty A Face Still Struggles

President Lyndon Johnson, on the porch of Tom Fletcher's cabin, listens to Fletcher describe some of the problems in Martin County, Ky., in 1964.
Bettmann Corbis

Originally published on Mon April 28, 2014 1:31 pm

Fifty years ago today, President Lyndon Johnson stood before Congress and declared an "unconditional war on poverty in America." His arsenal included new programs: Medicaid, Medicare, Head Start, food stamps, more spending on education, and tax cuts to help create jobs.

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Business
4:39 pm
Tue January 7, 2014

Tech Fit For The Showroom, But The Runway Might Have To Wait

The Navigate Jacket from Wearable Experiments uses GPS navigation and a mapping app on the wearer's smartphone to signal directions. It's part of a new trend of wearable tech that some speculate will be a billion-dollar industry.
Rupert Kaldor Wearable Experiments

Originally published on Wed January 8, 2014 9:27 am

The human body is a limited piece of real estate.

For years, tech companies raced to make the smartphone a beautiful device with soft curves and bright screens. Now, the industry is racing to make clothes that free up your hands from the phone while still connecting you to streams of digital information.

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Business
4:00 pm
Sun December 29, 2013

The U.S. Energy Boom: Highlights Of The Year And What's Ahead

Originally published on Sun December 29, 2013 4:42 pm

The big energy story of 2013 was a boom in domestic oil production, especially in North Dakota. NPR's Arun Rath talks with national correspondent Jeff Brady, who saw the boom firsthand during a recent reporting trip to the state.

Business
10:12 am
Sun December 29, 2013

Target's Word May Not Be Enough To Keep Your Stolen PIN Safe

Customers say they will still use their cards at Target, despite the security breach. The company's stock has been down since the news of the hacking.
Joe Raedle Getty Images

Originally published on Mon December 30, 2013 6:53 am

The giant retailer Target continues to feel the fallout from a massive security breach at its stores. The latest revelation: Hackers who stole credit and debit card numbers this holiday season also collected encrypted personal identification numbers.

But Brigitte Clark had no worries as she left a Target in Los Angeles on Saturday morning, her cart full of groceries.

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Business
3:11 pm
Sat December 21, 2013

JPMorgan Chase Places Limits On Cards Used At Target Stores

Justin Sullivan Getty Images

JPMorgan Chase says it is placing some limits on debit cards used at Target stores recently.

NBC News and Reuters report that some customers would be limited to $100 in cash withdrawals and $300 in total purchases per day.

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Business
11:23 am
Wed December 18, 2013

Ex-BP Engineer Found Guilty Of Obstructing Justice

Former BP drilling engineer Kurt Mix, who has been convicted of obstructing justice.
Jonathan Bachman AP

Originally published on Wed December 18, 2013 12:01 pm

The first of four current or former BP employees charged with crimes related to the 2010 Gulf oil spill has been found guilty of obstructing justice because he deleted text messages from his cellphone that contained information about the worst offshore spill in the nation's history.

NPR's Debbie Elliott tells our Newscast Desk that a federal jury in New Orleans convicted 52-year-old Kurt Mix on Wednesday.

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Business
1:49 am
Mon December 16, 2013

Battle Of The Bottom Feeder: U.S., Vietnam In Catfish Fight

Freshly caught catfish wriggle in large nets in Doddsville, Miss.
Jackie Northam NPR

Originally published on Mon December 16, 2013 12:17 pm

Bill Battle peers through the window of a pickup truck at his catfish farm, Pride of the Pond, near Tunica, Miss. The land is pancake-flat, broken up by massive ponds, some holding up to 100,000 pounds of catfish.

Cormorants fly low over the ponds, keeping an eye out for whiskered, smooth-skinned fish. Battle keeps a shotgun in the front seat; business is hard enough without the birds cutting into his profit.

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Business
4:12 am
Tue December 10, 2013

BP Argues Companies Are Unfairly Cashing In On 2010 Spill

The Deepwater Horizon oil rig burns in the Gulf of Mexico in April 2010.
Gerald Herbert AP

Originally published on Tue December 10, 2013 11:56 am

Oil giant BP is challenging hundreds of millions of dollars in claims that were filed by businesses after the company's 2010 oil spill in the Gulf of Mexico.

The total price tag for BP's oil spill is huge — $42.5 billion. At issue here is a fraction of that — but still a lot of money. BP says $540 million has been awarded to businesses for losses that "are either nonexistent, exaggerated or have nothing to do with the Deepwater Horizon accident."

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Business
4:03 am
Thu December 5, 2013

Banks Come Under Fire For Filling In The Payday Loan Gap

Federal regulators are setting new rules for banks that offer deposit advances.
iStockphoto

Originally published on Thu December 5, 2013 3:05 pm

A payday loan is a costly form of credit operating on the fringes of the economy. That's why the target of a new crackdown by federal regulators may surprise you: Instead of a forlorn-looking storefront with a garish neon sign, it's your familiar neighborhood bank.

A small but growing number of banks, including some major players, have been offering the equivalent of payday loans, calling them "deposit advances."

That is, at least, until bank regulators stepped in Nov. 21 and put new restrictions on the loans.

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