Economy & Business

The Two-Way
6:53 am
Mon July 14, 2014

Citigroup Agrees To Pay $7 Billion To Resolve Mortgage Probe

Citigroup has agreed to pay $7 billion to settle a federal investigation into subprime mortgages it sold in the run-up to the financial meltdown of 2008.
Kiichiro Sato AP

Originally published on Mon July 14, 2014 10:53 am

Citigroup said Monday it had agreed to pay $7 billion to settle a federal investigation into subprime mortgages it sold in the run-up to the financial meltdown of 2008.

The deal covers mortgage-backed securities and collateralized debt obligations issued, structured or underwritten by Citi between 2003 and 2008, the company said in a statement on its website.

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Business
6:51 am
Mon July 14, 2014

In The Future, Calorie Counting Could Be A Lot Easier

Originally published on Wed July 16, 2014 9:15 pm

Transcript

STEVE INSKEEP, HOST:

And if you've eaten a few too many Saskatoon berries, our last word in Business is for you, a calorie-counting app.

RENEE MONTAGNE, HOST:

Losing weight pretty much boils down to a simple equation, calories in versus calories out. But tracking that can be tedious, logging everything you order or cook at home. Now picture this, a device that you place over your plate and it shows you exactly what's in the food you're about to eat.

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Law
2:28 am
Mon July 14, 2014

How Banning One Question Could Help Ex-Offenders Land A Job

Sherman Justice says he struggled when he got out of prison after serving time for robbery and drug trafficking.
Pam Fessler NPR

Originally published on Wed July 16, 2014 6:40 pm

Washington, D.C., is expected to join four states and several cities soon in prohibiting companies from asking job applicants — up front — if they have a criminal record.

It's part of a growing movement called Ban the Box, a reference to that box on a job application form that asks, "Have you ever been convicted of a crime?"

Advocates for the laws say having to check the box prevents many ex-offenders from getting a fair shot at a job.

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Around the Nation
4:12 pm
Sun July 13, 2014

At Venice Beach, Rich, Poor And Middle Class Coexist

Originally published on Sun July 13, 2014 5:22 pm

Economists say lower-income Americans are better off when they live in an area with a diversity of income levels. NPR's Kelly McEvers reports on an area with a wide range of economic diversity, California's Venice Beach.

Business
4:19 am
Sun July 13, 2014

Congress' Latest Death Match Involves A Bank You've Never Heard Of

A worker stacks traffic safety poles at Pexco's manufacturing center in Fife, Wash. The small company ships products all over the world, with the help of federal insurance from the Export-Import Bank.
Drew Perine MCT/Landov

Originally published on Mon July 14, 2014 12:39 pm

It sits in an imposing building just across Lafayette Square from the White House. Yet the Export-Import Bank, which has been offering credit to foreign purchasers of U.S. goods for 80 years, could start shutting down operations within a matter of weeks.

"There's about a 50-50 chance," says Dan Ikenson, who directs a trade policy center at the Cato Institute.

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The Two-Way
12:43 pm
Sat July 12, 2014

Tracy Morgan Sues Wal-Mart Over Truck-Limousine Crash

Tracy Morgan attends One Night Only: An All-Star Tribute To Don Rickles in May, a few weeks before the crash that seriously injured him and killed fellow comedian James McNair.
Charles Sykes AP

Originally published on Sat July 12, 2014 1:59 pm

Comedian Tracy Morgan, who was seriously hurt last month when his limousine was hit by a Wal-Mart truck going 20 mph over the speed limit, is suing the retail giant for negligence.

The complaint, filed Thursday in U.S. District Court in New Jersey, says that Wal-Mart should have known that the driver of the truck had been awake 24 hours and alleges that he fell asleep at the wheel.

The Associated Press says:

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Parallels
7:08 am
Sat July 12, 2014

Financial Scandals Tarnish Spanish Soccer Glory

Barcelona football star Lionel Messi (right) leaves a courthouse in Gava, Spain, in September 2013, after a hearing on tax evasion charges. Messi and his father paid $6.5 million to try to settle the case, but his father may still go on trial.
Josep Lago AFP/Getty Images

Originally published on Sat July 12, 2014 11:12 am

Many of the biggest stars in global soccer — Neymar, Messi, Ronaldo — play the regular season with club teams in Spain. Their marquee names have helped their Spanish teams get filthy rich. Real Madrid and FC Barcelona top Forbes magazine's list of the world's richest sports franchises. You have to scroll down to No. 4 to find the New York Yankees, and NFL teams below that.

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NPR Ed
4:37 am
Sat July 12, 2014

How Private Colleges Are Like Cheap Sushi

Originally published on Sat July 12, 2014 6:01 pm

In New York City's East Village, there are a number of hole-in-the-wall spots that advertise sushi at 50 percent off. But I can never bring myself to sample the goods. We're talking about a delicacy flown in from around the world. Marking it down drastically just doesn't sit right. Something — either the price, or the fish — has to be a little off.

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All Tech Considered
4:36 am
Sat July 12, 2014

Tech Week: Google's World Cup Play, Amazon Sued And Kids Tracked

Amazon, led by CEO Jeff Bezos, faces a federal lawsuit over unauthorized in-app purchases by children.
David Ryder Getty Images

Summertime in the tech world has made us eager for some lighter news, which you can find below. But the weightier legal battles in technology continue, as highlighted in our Big Conversation section. And links we think you should see are filed under Curiosities. Have a great weekend, readers.

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The Salt
4:26 pm
Fri July 11, 2014

Spread Of Palm Oil Production Into Africa Threatens Great Apes

Gorillas in Virunga National Park in Democratic Republic of Congo, in 2013. Great apes like the gorilla have become increasingly threatened by the expansion of palm oil production in Africa.
Brent Stirton WWF/Canon/Getty Images

Originally published on Fri July 11, 2014 10:10 pm

In recent years, consumers have grown increasingly aware that the explosion of palm oil plantations to supply food companies making everything from Pop-Tarts to ramen noodles has taken a heavy toll on the environment.

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