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Planet Money
1:02 pm
Mon July 16, 2012

What Americans Earn

Credit Lam Thuy Vo / NPR

With all the talk about what to do with the Bush tax cuts — and whether they should be extended for no one, everyone, or everyone under a certain income cutoff — we thought it made sense to check in on how much Americans actually make.

Roughly $50,000. That's how much the median households makes in income and benefits per year. In other words, half of American households made less than $50,000 and half made more.

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The Salt
12:53 pm
Mon July 16, 2012

Coney: The Hot Dog That Fed Detroit's American Dream

Originally published on Fri October 26, 2012 10:18 am

Take a hot dog from New York's famed Coney Island, throw in plenty of Greek immigrants and a booming auto industry, add some chili sauce, a steamed bun, chopped onions, mustard and an epic sibling rivalry and you've got the makings of a classic American melting pot story.

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Planet Money
11:25 am
Mon July 16, 2012

Rethinking Free Tuition, College May Risk Reputation

Credit Library of Congress
Cooper Union for the Advancement of Science and Art in New York City.

Our show on Friday told the cautionary tale of the Red Cross, and how it earned the lasting suspicion of World War II veterans when it temporarily charged for once-free doughnuts.

Uri Simonsohn, a University of Pennsylvania business professor, chalked it up to "categorical change" — and the sense of betrayal veterans felt when they saw a fundamental shift in the very nature of their relationship with the Red Cross.

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The Two-Way
10:54 am
Mon July 16, 2012

Perk Of Being Rich: Facebook's Zuckerberg Pays 1 Percent Interest On Mortgage

Credit Kevork Djansezian / Getty Images
Mark Zuckerberg, right, and Andrew Houston, founder and chief executive of Dropbox, wait in a parked car for the traffic to clear out at the Sun Valley Lodge during the Allen & Company Sun Valley Conference last week.

Last Thursday, the interest rate on 30-year mortgages dipped to its lowest level ever: 3.56 percent.

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Economy
9:48 am
Mon July 16, 2012

AFSCME: Attacks On Public Sector Harm Middle Class

The American Federation of State, County and Municipal Employees, one of the country's largest unions, is facing a difficult climate. Local governments are slashing employee pensions and state governments are considering measures to curb collective bargaining rights. Host Michel Martin talks with Lee Saunders, AFSCME's new president.

Planet Money
7:59 am
Mon July 16, 2012

How A Bloated Wall Street Can Hurt Growth

Credit Bebeto Matthews / AP
Helping or hurting the economy?

We all know an out-of-control financial sector can cause acute and long-lasting problems, thanks to the recent financial crisis. But is there also a more chronic drag on the economy when the finance crowd gets too thick?

One recent paper (PDF) suggests so, and tries to quantify just how much a bloated financial sector can hurt economic growth.

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The Two-Way
6:49 am
Mon July 16, 2012

Retail Sales Dip For Third Straight Month, But Are Still Up From Year Earlier

The bad news: Retail sales fell 0.5 percent in June from May, the Census Bureau says. It's the third straight month that sales have been down from the month before.

But, Census adds that June sales were 3.8 percent above the pace of June 2011. And, "sales for the April through June 2012 period were up 4.7 percent ... from the same period a year ago."

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The Two-Way
5:29 am
Mon July 16, 2012

Here's A Scoop: When News Breaks, People Check YouTube For Videos

Credit Russia Today

Originally published on Mon July 16, 2012 6:23 am

Business
2:30 am
Mon July 16, 2012

Mitsubishi, Suzuki, Mazda Struggle In U.S Market

Originally published on Wed July 18, 2012 2:40 pm

Transcript

STEVE INSKEEP, HOST:

The recession came close to killing off some of the American automakers. Now in a slow recovery, the American companies are doing better. Japanese car companies, some of them, are struggling - in particular some of the smaller Japanese automakers are facing trouble. NPR's Sonari Glinton looks at the fortunes of what are known as the Little Three.

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Business
2:30 am
Mon July 16, 2012

Business News

Originally published on Mon July 16, 2012 5:20 am

Transcript

STEVE INSKEEP, HOST:

NPR's business news starts with Microsoft's moves in the news business.

(SOUNDBITE OF MUSIC)

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NPR Story
2:27 am
Mon July 16, 2012

The Last Word In Business

Originally published on Mon July 16, 2012 5:25 am

Transcript

STEVE INSKEEP, HOST:

And let's stay in the land of milk and honey, because our last word in business takes us to a barnyard venture that is solving to very old problems at once. The first is keeping unwanted plants out of a productive vegetable garden. The second, more existential problem is finding a suitable romantic partner. And the last word is weed dating.

RENEE MONTAGNE, HOST:

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NPR Story
2:27 am
Mon July 16, 2012

Romney Responds To Obama's Bain Capital Charges

Originally published on Mon July 16, 2012 5:04 am

Transcript

STEVE INSKEEP, HOST:

Until this past weekend, Romney generally ignored invitations to be interviewed, except on Fox News. Then on Friday night, he did a series of TV talks defending his work at Bain Capital.

NPR's media correspondent David Folkenflik was watching.

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Business
1:29 am
Mon July 16, 2012

In Bankruptcy, American Airlines Looks At All Options

Credit Matt Rourke / AP
Will American emerge from bankruptcy as a stand-alone airline, or will it merge with US Airways? An American spokesman says it's considering all options.

Originally published on Tue July 17, 2012 5:30 am

Imagine going into bankruptcy with billions of dollars in cash still in your bank account. That's what American Airlines did last November. The thinking was that management would gut the company's pensions and union contracts and emerge from bankruptcy ready to compete.

But then US Airways said it could take over American and be profitable, and it wouldn't have to hurt American's employees nearly as bad in the process. American's pilots, mechanics and flight attendants loved that idea.

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Business
1:26 am
Mon July 16, 2012

Bucking Bulls Draw Crowds, And Dollars

Credit Laura Ziegler / KCUR
Bulls are judged with a "dummy" weight for four seconds to see how hard they will jump and twist to buck a rider. Bulls that do well can sell for up to $50,000.

Originally published on Mon July 16, 2012 3:04 pm

The bucking bull has long been the embodiment of the American rodeo, and it takes just four seconds for a strong young bull to reap its owner as much as $50,000 in prize money.

Four seconds is how long each 1- or 2-year-old bull will wear a weight strapped to its back as the massive animal is judged on how high it kicks and how much it twists.

In the past 10 years, bucking bulls have become a major industry. The price of the best bloodlines can soar to $250,000, and competitions take place everywhere from Madison Square Garden to Wyoming.

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Economy
4:12 pm
Sat July 14, 2012

A Tale Of Two Cities: Too Many Jobs, Or Not Enough

Maria Arvizu continues to fill out job applications even though she has yet to deposit her last paycheck.

Arvizu, 53, relocated to Yuma, Ariz., to become a bus driver for the local school district last year. After school closed for summer break, she was caught off guard when she was laid off. She had expected to get another driving assignment and was denied collecting unemployment because she was still considered a school employee.

"I just keep looking for a job," Arvizu says.

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