Business

2:34am

Thu June 20, 2013
Economy

Fed Warns Stimulus Package Will Be Ratcheted Down

Originally published on Thu June 20, 2013 5:07 am

Transcript

STEVE INSKEEP, HOST:

Those Chinese figures helped Asian markets to take a big tumble today, as did yesterday's comments by Federal Reserve Chairman Ben Bernanke. He said the Fed will likely begin slowing down its economic stimulus later this year. The Fed's massive bond buying program - which is a major part of that stimulus - is seen as a big reason behind recent rallies in the financial market.

NPR's John Ydstie has more.

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1:03am

Thu June 20, 2013
Planet Money

A Surprising Barrier To Clean Water: Human Nature

Originally published on Mon June 24, 2013 8:38 am

Rodan Gatia gets water from a spring. A chlorine dispenser is behind her.
Jacob Goldstein NPR

In many parts of the developing world, drinking a glass of water can be deadly — especially for young children, who can die of diarrheal diseases contracted from dirty water.

So getting clean water to people in the developing world has been a top priority for aid groups for a long time. But it's been a surprisingly hard problem to solve.

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1:02am

Thu June 20, 2013
Business

If Supplies Of Oil Are Up, Why Is Gas Still Pricey?

Originally published on Thu June 20, 2013 6:00 pm

Jim White of Pennsylvania pumps gas at a BP station in Ocala, Fla., in April. The price of gasoline remains stubbornly high, which may put a crimp on summer travel plans.
Doug Engle Ocala Star-Banner / Landov

Supplies of oil have been surging this year, and U.S. drivers, who have been switching to more fuel-efficient cars, are using less gasoline.

That would seem to be the right economic combination to push down prices at the pump, but gasoline prices have remained stubbornly high this summer.

Even some people in the industry are wondering whether the law of supply and demand somehow has been repealed.

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4:30pm

Wed June 19, 2013
The Two-Way

Microsoft Responds To Fan Outcry, Changes Xbox One Policies

Originally published on Wed June 19, 2013 5:16 pm

Fans spoke, and apparently Microsoft listened.

In a reversal of the company's previous position, Microsoft announced Wednesday that its forthcoming Xbox One gaming console would no longer require a regular Internet connection and would not restrict used or shared games.

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3:36pm

Wed June 19, 2013
Economy

G-8 Nations Pledge To Crack Down On Corporate Tax Evaders

Originally published on Wed June 19, 2013 8:18 pm

Leaders take part in the G-8 summit in Northern Ireland on Tuesday. Their discussions included tax-avoidance issues.
Ben Stansall WPA Pool/Getty Images

The world's wealthiest nations are promising to fight what they call the scourge of tax evasion. This week's meeting of the Group of Eight industrialized countries concluded with a pledge to end the use of tax shelters by multinational corporations.

But there are still big questions about how they will make a dent in the problem.

In the aftermath of the global recession, countries all over the world have struggled with budget shortfalls. More and more of them have come to blame part of their revenue problems on one culprit — tax avoidance.

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