Business

10:01pm

Wed January 18, 2012
Crisis In The Housing Market

Silicon Valley Homebuilder Finds A Profitable Niche

James Witt stands next to the foundation of a house he is building in Palo Alto. Witt has built a successful business by tearing down and rebuilding houses in Silicon Valley. His business has survived four recessions, including the most recent one.
Cindy Carpien NPR

The U.S. housing market may be singing the blues, but there are pockets where home sales are rising. James Witt, a homebuilder in California's Silicon Valley is surviving and thriving thanks to his luck, location, and knowledge of the local market.

Witt is a tall lanky man whose graying long hair suggests an actor in a Western movie. He's standing on his 3-acre property in Palo Alto, which includes an updated old farmhouse and a yard with a pair of donkeys. One, named Perry, has an interesting pedigree.

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1:05pm

Wed January 18, 2012
Business

Average Age Of American Auto Hits All TIme High

The avearage age of a US car hit an all time high in 2011.
Alex92287 Flickr Creative Commons

The average age of vehicles hit a record high in 2011 of 10.8 years.  The fact that cars and trucks are getting older sounds like bad news for the state’s new auto sales.  However, Tim Jackson, President of the Colorado Automobile Dealers Association says dealers are selling more cars even as the age of the average car grows. 

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10:02am

Wed January 18, 2012
Business

Net Goes █████████ In Protest Today

Screencap of how en.wikipedia.org appears today (01/18/2012) during the internet protest of SOPA/PIPA
en.wikipedia.org

People attempting to access Wikipedia across Colorado and the US Wednesday morning were met with a dark screen. What gives? The massive user edited online encyclopedia has blocked US users from creating and reading its entries to protest the controversial SOPA/PIPA anti-piracy bills.

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8:11am

Wed January 18, 2012
Around the Nation

FBI Arrests 3 In Insider Trading Case

FBI agents arrested three hedge fund executives early Wednesday in connection with a massive ongoing insider trading investigation that has involved some of Wall Street's most prominent money managers.

Todd Newman, who formerly oversaw technology investments at Diamondback Capital Management, was arrested at about 6 a.m. in the Boston suburb of Needham on charges "related to stock fraud," according to a spokesman for the FBI's Boston office.

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2:00am

Wed January 18, 2012
Business

Websites Shut Down To Protest Anti-Piracy Bills

Originally published on Wed January 18, 2012 4:22 am

Transcript

RENEE MONTAGNE, HOST:

It's MORNING EDITION from NPR News. I'm Renee Montagne.

STEVE INSKEEP, HOST:

And I'm Steve Inskeep. Good morning.

We should fully explain this next report, because if we miss something, you won't be able to find more information on Wikipedia. The online encyclopedia is blacked-out today, at least on personal computers. It's only available if you take extra steps or use a mobile device.

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