Business & Technology

Business
3:33 am
Wed July 18, 2012

Would-Be Homebuyers Appear To Be More Confident

Originally published on Wed July 18, 2012 8:57 am

Transcript

RENEE MONTAGNE, HOST:

And the nation's homebuilders are feeling more optimistic than they have since March, 2007, just before the beginning of the Great Recession. What's more, the National Association of Home Builders' Housing Market Index has posted its largest one-month gain in roughly a decade.

NPR's Wendy Kaufman reports.

WENDY KAUFMAN, BYLINE: David Crowe, the chief economist at the Home Builders Association says things are definitely looking up. It's a trend that began last September.

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All Tech Considered
6:04 pm
Tue July 17, 2012

New Yahoo CEO Among A Rare Few: Women Execs With Tech Creds

Marissa Mayer left Google to become the CEO of Yahoo. She was Google's 20th hire and is responsible for the look and feel of many of Google's major products.
Justin Sullivan Getty Images

Originally published on Tue July 17, 2012 7:49 pm

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The Two-Way
5:19 pm
Tue July 17, 2012

HSBC Executive Resigns During Money Laundering Hearing

Originally published on Tue July 17, 2012 6:06 pm

David Bagley, HSBC's head of group compliance, resigned in the middle of a Senate hearing today that was looking into charges that the bank had been lax in meeting government requirements, allowing Mexican cartels to launder money and giving terrorists access to the American banking system.

Bloomberg reports:

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NPR Story
3:43 pm
Tue July 17, 2012

Bernanke: U.S. Economic Growth Is Slowing

Originally published on Tue July 17, 2012 4:16 pm

Federal Reserve Chairman Ben Bernanke told lawmakers that progress toward bringing down the nation's high unemployment rate will be "frustratingly slow." He reiterated previous statements that the Fed stands ready to do more, but declined to be specific about what it would do. Bernanke also defended the Fed's role in addressing the manipulation of a benchmark interest rate by at least one big bank.

Louisiana Credit Rating
2:56 pm
Tue July 17, 2012

Moody's takes note of Louisiana Medicaid cut

Moody's Investors Service says Louisiana's loss of as much as $859 million in Medicaid financing is a "credit negative" for the state.

The notation from the bond-rating agency does not yet affect the state government bond rating — currently high investment grade and stable — but denotes for investors a significant change in the state's balance sheet.

The Times-Picayune reports (http://bit.ly/Q4abRS) the cut is tied to a congressional reduction in Louisiana's federal Medicaid financing rate.

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The Two-Way
1:34 pm
Tue July 17, 2012

Sometimes, 4Chan Users Do The Right Thing

This is the photo posted on 4Chan last night.
Anonymous

Originally published on Tue July 17, 2012 2:42 pm

4Chan is a cesspool. That's not even editorializing. A few minutes on the notorious, free-for-all Internet message board that gave birth to Anonymous will — in the famous words of Gawker — "melt your brain."

But every once in a while, they do the right thing — like today.

As Hypervocal reports, last night a 4Chan user posted a picture of someone standing on two containers full of lettuce with the taunting caption: "This is the lettuce you eat at Burger King."

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Business
11:37 am
Tue July 17, 2012

Debt, Debt And More Debt: Is Democracy To Blame?

The marble statue of Plato stands in front of the Athens Academy in Athens. The ancient Greek philosopher had his doubts about democracy.
Dimitri Messinis AP

Originally published on Tue July 17, 2012 12:03 pm

High-profile experts are staging two separate Washington press conferences Tuesday to demand action on public-debt problems. One group is targeting state budget crises; the other, the federal budget mess.

If the ancient Greek philosopher Plato were still alive, he might hold a third press conference to declare: "It's hopeless. I told you so. Democracy will always degenerate into chaos because people will vote for their immediate self interests, not the long-term good."

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The Two-Way
9:19 am
Tue July 17, 2012

In 'Dour' Report, Fed's Bernanke Says Economy Has Decelerated

Originally published on Tue July 17, 2012 1:10 pm

"The U.S. economy has continued to recover, but economic activity appears to have decelerated somewhat during the first half of this year," Federal Reserve Chairman Ben Bernanke tells Congress this morning in testimony prepared for his semiannual report on economic conditions and monetary policy.

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Business
3:48 am
Tue July 17, 2012

Self-Help Guru Covey Dies At 79 After Bike Accident

Originally published on Tue July 17, 2012 11:17 am

Transcript

RENEE MONTAGNE, HOST:

Today's last word in business could be several things: abundance mentality or win-win.

STEVE INSKEEP, HOST:

Or maybe sharpening the saw. Those are all aspects of "The 7 Habits of Highly Effective People." The author of that business Bible died yesterday. Stephen Covey was 79.

MONTAGNE: He wrote "The 7 Habits" in 1989. Years later, Covey appeared on this program. He was asked what skills of leader should have.

(SOUNDBITE OF ARCHIVED INTERVIEW)

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Business
3:48 am
Tue July 17, 2012

Tech World Star Marissa Mayer To Head Google

Originally published on Tue July 17, 2012 4:11 pm

Transcript

RENEE MONTAGNE, HOST:

And in Silicon Valley, the buzz is the latest hire by Yahoo. Marissa Mayer is the new CEO. Yahoo lured the 37-year-old away from Google, were she was one of that company's most prominent executives. She studied computer science at Stanford, was hired on as employee number 20 at Google, and as NPR's Steve Henn reports, she is something of a rock star in the tech world.

STEVE HENN, BYLINE: For years the rap on Yahoo has been: this company lacks focus.

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