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The Two-Way
7:12 am
Fri November 30, 2012

Consumer Spending Dipped In October; Superstorm Sandy Blamed

Credit Mario Tama / Getty Images
Nov. 17: A sign in a Staten Island storefront tells a lot. It was still closed because of the damage done by Superstorm Sandy in late October.

The economic effects of Superstorm Sandy continue to be felt. According to the Bureau of Economic Analysis, consumer spending edged down 0.2 percent in October from September, and personal income dipped 0.1 percent.

As Bloomberg News says, "Sandy kept some in the Northeast from getting to work or from shopping at malls and car dealerships."

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Business
4:09 am
Fri November 30, 2012

Are 'Pac-Man,' 'Tetris' Art? MOMA Says Yes

Originally published on Fri November 30, 2012 5:05 am

Sim City is also among the first 14 titles in the Museum of Modern Art's new video game collection. The New York City museum's website says video games are not only art, they're design. And design is among the selection criteria — along with cultural relevance. MOMA hopes to have about 40 titles when the exhibit opens in March.

Business
4:00 am
Fri November 30, 2012

European Bank Chief: 2013 Will Be Better For Euro

Originally published on Fri November 30, 2012 5:05 am

The president of the European Central Bank said Friday that the eurozone has yet to emerge from its economic crisis but is on a path to see a recovery by the second half of 2013. But there are still many challenges. Just after that interview, new numbers showed unemployment in the euro zone rose to a record 11.7 percent in October.

Planet Money
3:04 am
Fri November 30, 2012

Why Mexico Is The World's Biggest Exporter Of Flat-Screen TVs

Credit Mark Lennihan / AP

Originally published on Fri November 30, 2012 9:04 am

Most of the news we hear about Mexico these days is about drug-related violence. But it turns out there's another, brighter story there: The country's economy has been growing at a solid pace for the past couple years, driven in large part by solid exports.

Among other things, Mexico is the world's largest exporter of flat-screen TVs. There are a lot of factories just south of the U.S. border, filled with workers putting together televisions. The individual parts come from Asia, but the final assembly is done in Mexico.

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Sports
3:04 am
Fri November 30, 2012

How David Beckham Changed U.S. Soccer

Originally published on Fri November 30, 2012 5:05 am

Five years after his much-hyped arrival in the United States, David Beckham is playing his last game for the L.A. Galaxy on Saturday. David Greene speaks with Los Angeles Times sportswriter Kevin Baxter about whether Beckham lived up to America's expectations.

Politics
3:04 am
Fri November 30, 2012

Fiscal Cliff Debate Moves To TV, In Ad War

Originally published on Fri November 30, 2012 5:05 am

Just when you thought you never had to look at another political ad, they're back — this time focused on the big debate in Washington about taxes and spending. Unions, business groups and other special interests have taken their arguments to the nation's living rooms and computer screens.

Business
3:04 am
Fri November 30, 2012

N.Y. Fast-Food Workers Strike For Better Wages

Originally published on Fri November 30, 2012 5:05 am

Fast-food workers staged protests Thursday at restaurants in New York. The workers said their low wages need to be raised. But with the economy still slow, restaurant managers are determined to hold down labor costs so they can offer dollar foods.

It's All Politics
3:04 am
Fri November 30, 2012

How Much Income Taxes Could Rise: A Breakdown Of The Options

Credit J. Scott Applewhite / AP
House Speaker John Boehner of Ohio speaks to reporters on Capitol Hill Thursday after private talks with Treasury Secretary Timothy Geithner.

Originally published on Fri November 30, 2012 8:46 am

"No substantive progress has been made." That's what House Speaker John Boehner had to say Thursday about efforts to avoid automatic spending cuts and tax increases at year's end.

The administration's lead negotiator, Treasury Secretary Tim Geithner, met with congressional leaders from both sides of the aisle Thursday, looking for an agreement on the hazard Congress and the White House created last year to focus their minds on deficit reduction.

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All Tech Considered
3:25 pm
Thu November 29, 2012

Yet Another Shift In Facebook Policies Raises Privacy Concerns

Credit Joerg Koch / AP

Originally published on Thu November 29, 2012 3:37 pm

Facebook has a long history of upsetting its users by suddenly announcing a change to its privacy settings. In 2009, as a way to quiet the critics, Facebook set up a system for its customers to vote on changes. If enough of them were unhappy, the company would back down. Now, Facebook wants to get rid of the voting.

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Business
3:25 pm
Thu November 29, 2012

Lower Water Levels Dry Up Business On Great Lakes

Originally published on Thu November 29, 2012 3:37 pm

Transcript

MELISSA BLOCK, HOST:

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Business
3:25 pm
Thu November 29, 2012

A Bet Or A Prediction? Intrade's Purpose Is Debated

Credit NPR/Intrade screen grab
Ireland-based Intrade lets users bet money on all manner of predictions — like if a particular film will win an Oscar. The site is ceasing operations in the U.S.

Originally published on Thu November 29, 2012 4:02 pm

The popular website Intrade allows its users to bet on the odds of almost anything — like whether Syrian President Bashar al-Assad will get ousted by a certain date, or whether the movie Argo will win best picture at the Oscars.

This week, Ireland-based Intrade announced that U.S. users will have to unwind their bets and shut down their accounts by the end of the year. That's after the Commodity Futures Trading Commission sued Intrade for operating an unregistered exchange.

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It's All Politics
2:51 pm
Thu November 29, 2012

Would Raising Taxes On Investment Income Hurt The Economy?

Credit YouTube
A screen grab from an ad by the Defend My Dividend campaign, which is funded by utilities and other companies. They don't support a proposed increase in taxes from investment income.

Originally published on Thu November 29, 2012 7:53 pm

The Salt
1:44 pm
Thu November 29, 2012

Tastier Winter Tomatoes, Thanks to A Boom in Greenhouse Growing

Originally published on Wed December 5, 2012 6:36 am

It may sound like an oxymoron: a delicious local, winter tomato — especially if you happen to live in a cold climate.

But increasingly, farmers from West Virginia to Maine and through the Midwest are going indoors to produce tomatoes and other veggies in demand during the winter months. "There's a huge increase in greenhouse operations," Harry Klee of the University of Florida tells us.

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The Salt
10:33 am
Thu November 29, 2012

Quinoa Craze Inspires North America To Start Growing Its Own

The explosion in world popularity of quinoa in the past six years has quadrupled prices at retail outlets. But for all the demand from upscale grocery stores in America to keep their bulk bins filled with the ancient grain-like seed, almost no farmers outside of the arid mountains and coastal valleys of Peru, Bolivia, Ecuador, and Chile grow it.

But plant breeders and scientists who study the biology and economics of quinoa say that is about to change.

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Politics
9:54 am
Thu November 29, 2012

Will Payroll Tax Cut Survive Fiscal Talks?

The Bush-era tax cuts are taking center stage on discussions about deficit reduction. But the payroll tax holiday is also at risk, which could cost the typical family $1,000 a year. Host Michel Martin talks with The Wall Street Journal's Sudeep Reddy about the fiscal cliff and how the outcome could affect consumers.

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