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3:34 am
Sat September 22, 2012

'Time Banks' Help Spaniards Weather Financial Crisis

Credit Oli Scarff / Getty Images
Unemployment is rampant in Spain and full-time jobs are scarce. Here a woman works at a street stall in Madrid. Some Spaniards are signing up for "time banks," where individuals perform services based on their skills, and receive another service in return. No money changes hands. A woman is shown here working at a street stall in Madrid.

Originally published on Sat September 22, 2012 8:35 am

After saving money for years, Lola Sanchez was finally able to buy a car refitted with a ramp and space for a wheelchair in the back for her teenage son, who has cerebral palsy.

A nurse used to come each day to help with her son's care. That service was cut amid government austerity measures, though Sanchez still gets a small check every month.

"What I need is physical help, even more than financial assistance," Sanchez says, "because I can't physically lift him on my own."

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The Two-Way
4:34 pm
Fri September 21, 2012

Kickstarter Says It 'Is Not A Store' As It Revises Policy On Projects' Risks

Credit NPR
A screengrab shows three highly funded Design projects currently on Kickstarter's site. The company's founder say they will require more information about the challenges potential entrepreneurs could face.

Originally published on Fri September 21, 2012 9:06 pm

Even as it has received praise for bringing innovative ideas to life, Kickstarter has been criticized for allowing creators to be a little fuzzy about their plans — and for providing little recourse to investors who become unsatisfied with the project they've supported. The site has now announced changes that it hopes will ease those troubles.

The biggest change is a new section called "Risks and Challenges," which requires potential entrepreneurs to list the obstacles they face, and how they plan to deal with them.

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The Salt
12:21 pm
Fri September 21, 2012

Juice Maker Helps Tight End Block Thieving Teammates

Credit Carolyn Kaster / AP
Niles Paul (right) at a Redskins practice with then-teammate Tim Hightower, before the juice-stealing incidents came to light.

Originally published on Fri September 21, 2012 2:58 pm

Niles Paul had a problem. The second-year tight end for the Washington Redskins couldn't stop his teammates from stealing his Capri Sun. You know, Capri Sun — those sugary-sweet packets of juice that come in triangular foil containers with their own straws attached.

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The Two-Way
7:49 am
Fri September 21, 2012

Another iPhone, Another Day Of Long Lines And Big Hype

Credit Yoshikazu Tsuno / AFP/Getty Images
In Tokyo today, a customer on line for the iPhone 5 was wearing a Steve Jobs mask.

Originally published on Fri September 21, 2012 8:51 am

It's a "now familiar global ritual," as The Associated Press says: Apple fans are lining up today at stores "from Sydney to Paris to pick up the tech juggernaut's latest iPhone."

That would be the iPhone 5, which the company unveiled earlier this month.

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Business
4:04 am
Fri September 21, 2012

The Last Word In Business

Originally published on Fri September 21, 2012 5:08 am

Transcript

RENEE MONTAGNE, HOST:

And our last word in business today is: Why wait?

American consumers will likely go to great lengths - and stand in lines of great lengths - to get the iPhone 5, which goes on sale today.

STEVE INSKEEP, HOST:

People are lining up in front of Apple stores already. But this is a market economy, after all, and time is money, which explains why some people are paying others to stand in line for them.

IAN DEBORHA: I'm getting paid $55 for four hours.

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Business
4:04 am
Fri September 21, 2012

Trulia's IPO Tests Appetite For Tech Start-Ups

Originally published on Fri September 21, 2012 1:47 pm

Transcript

STEVE INSKEEP, HOST:

The real estate website Trulia is successfully riding the housing recovery, and has just gone public. After one day of trading, the San Francisco-based company is valued at well over half-a-billion dollars.

From our member station KQED, Aarti Shahani reports this is seen as a boost for the tech sector after Facebook's shaky plunge into the stock market.

(SOUNDBITE OF CAR DOOR SLAMMING)

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Business
4:04 am
Fri September 21, 2012

Are New Rules Needed For High-Speed Stock Trading?

On Capitol Hill, some members of Congress are asking whether new rules are needed to reign in high-speed stock market trading. Democratic Senator Jack Reed told a conference of traders that there is enough evidence to warrant a closer look.

Planet Money
2:10 am
Fri September 21, 2012

The Downside Of Tax Havens? Paperwork.

Credit Lam Thuy Vo / NPR
Unbelizable and Delawho? company documents, along with our official company stamp.

Originally published on Fri September 21, 2012 1:44 pm

We were curious how hard it would be to set up an offshore company, so this summer we bought two. We at Planet Money are now the proud owners of "Unbelizable Inc." in Belize and "Delawho? LLC" in Delaware. The whole process was quick and easy.

At least that's how it seemed at first — until we got an email from David Buckley, a tax lawyer at Rogin Nassau, telling us we had just walked into an IRS sinkhole.

Buckley described it as "a minefield of U.S. tax obligations," and he said he was worried about me. (The companies are in my name.)

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All Tech Considered
1:15 pm
Thu September 20, 2012

Electronic Pull-Tab Gambling Hits The iPad In Minnesota Bars

Credit Jim Mone / AP
Booths that sell paper pull-tab games like this one have new competition in Minnesota: electronic pull-tab games played on iPads. The games are meant to help pay for a new football stadium in Minneapolis.

Originally published on Thu September 20, 2012 2:30 pm

Minnesota gamblers no longer have to rip paper pull-tabs to see if they've won cash: As of this week, they can use iPads to play, and play again, at the click of a button. The venture was sparked by the need to help pay for a new Minnesota Vikings football stadium, which will cost an estimated $975 million.

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Author Interviews
12:46 pm
Thu September 20, 2012

A Close Look At Your Bills' 'Fine Print'

Originally published on Thu September 27, 2012 12:20 pm

Americans are paying high prices for poor quality Internet speeds — speeds that are now slower than in other countries, according to author David Cay Johnston. He says the U.S. ranks 29th in speed worldwide.

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Business
10:35 am
Thu September 20, 2012

Is Putting Politics On Display Bad For Business?

Credit Justin Sullivan / Getty Images
A used-car lot displays a sign in support of Republican presidential candidate Mitt Romney in Manchester, N.H., in January.

Originally published on Fri September 21, 2012 10:43 am

Every election season, political signs sprout like dandelions from lawns across America. They also pop up at more than a few businesses. For some, expressing political preferences is a calculated move to attract customers. But it can just as easily turn clients away.

Jeff Reiter, who owns the Blue Plate Lunch Counter & Soda Fountain in Portland, Ore., proudly displays a 2008 Obama campaign sign inside his restaurant and says he has "never tried to hide" his support for the president.

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Planet Money
9:04 am
Thu September 20, 2012

The Fiscal Cliff, In Three And A Half Graphics

Originally published on Tue November 6, 2012 9:50 am

For more, see this story from NPR's Marilyn Geewax on how Congress might pass some stopgap measures to blunt the effect of the fiscal cliff.

A bunch of federal tax increases and spending cuts are scheduled to kick in around Jan. 1, 2013. This is what people are talking about when they talk about the "fiscal cliff."

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U.S.
9:00 am
Thu September 20, 2012

'Fiscal Cliff' Scenarios Leave Economists On Edge

Credit Pablo Martinez Monsivais / AP
Economists hope lawmakers can avert a "fiscal cliff" after November's election, but what if Congress runs out of time?

Originally published on Thu September 20, 2012 12:46 pm

Members of Congress are about to flee Capitol Hill, and they'll be gone until Nov. 13, one week after Election Day.

As they shift to full-time campaigning, lawmakers are leaving behind many questions about the "fiscal cliff," a massive cluster of automatic spending cuts and tax-break expirations that come together around year's end.

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The Two-Way
4:55 am
Thu September 20, 2012

Census: In 2011, Number Of Poor Americans Increased

Originally published on Thu September 20, 2012 7:21 am

  • Richard Gonzales on 'Morning Edition'
(We retopped this post at 8 a.m. ET.)

Though fresh data from the Census Bureau show that the number of Americans living in poverty edged higher in 2011, its latest American Community Survey also signals that after a Great Recession and a painfully slow recovery the U.S. economy may finally be bottoming out.

The Associated Press leads its report on the news this way:

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Business
3:27 am
Thu September 20, 2012

American Airlines Warns It's Eliminating Jobs

American Airlines is notifying more than 11,000 employees that they might get laid off. The move is part of the company's ongoing bankruptcy reorganization which continues to be rocky.

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