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Friday, December 14, 2012

Planet Money

Why A Principal Created His Own Currency

MS 53 Principal Shawn Rux

December 14, 2012 He created incentives that 11-year-olds could relate to. (Somehow, "Come to school and you'll be better off in 20 years," just wasn't working.)

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On Morning EditionPlaylist

Farewell, Bosses: A Wave Of Young Entrepreneurs

To save money, 30-year-old Alisha Mustafa runs her small pie-making business out of the kitchen of another restaurant.

December 14, 2012 Burdened by the weak economy, more and more millennials — ages 18 to 34 — are becoming their own bosses. A study shows that more than half of them want to start a business or already have.

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On Morning EditionPlaylist

Economy

Inflation Index Fix Could Cut Federal Deficit

December 14, 2012 The Consumer Price Index is one of the most familiar measures in economics and politics. Some in Washington want to change the way the index is calculated to better reflect consumers' shopping habits. While the proposed change is described as a technical fix, it could cut the federal deficit by hundreds of billions of dollars over the next decade.

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On Morning EditionPlaylist

Thursday, December 13, 2012

HSBC Critic: Too Big To Indict May Mean Too Big To Exist

HSBC has agreed to pay $1.92 billion to settle a multiyear U.S. criminal probe into money-laundering lapses at the British lender, the largest penalty ever paid by a bank.

December 13, 2012 The accusations against HSBC were harsh — that the bank laundered money for Mexican drug cartels and conducted transactions on behalf of Iran and other states tied to terrorism. So, why did federal authorities fine HSBC rather than pursue criminal charges?

Transcript

On All Things ConsideredPlaylist

Planet Money

Why Legos Are So Expensive — And So Popular

Lego minifigures are displayed on October 18, 2012 in the newly-opened store of the Danish construction toys group at the "So Ouest" shopping center in Levallois-Perret, west of Paris.

December 13, 2012 Legos often cost twice as much as similar blocks from a rival toymaker. So why are Legos so much more popular than other brands?

Transcript

On All Things ConsideredPlaylist

It's All Politics

For Business Owners, Higher Taxes Could Mean Fewer New Hires — Or More

President Obama examines a K'NEX roller coaster on Nov. 30 at a Hatfield, Pa., factory that makes the toys. During the visit, Obama spoke about the economy, the middle class and his plan to raise taxes on top wage earners.

December 13, 2012 If the tax rate rises for the top 2 percent of wage earners, business owners would generally react by hiring fewer new workers, according to a fundamental Republican argument. But the actual outcome might be a bit murkier, and — in some instances — counterintuitive.

Summary

The Two-Way

Jobless Claims Fell Sharply Last Week, Wholesale Prices Dropped In November

At a job fair in New York City earlier this year, a man waited for an interview. Economists say the job market is slowly improving, and the latest data on jobless claims seem to support that analysis.

December 13, 2012 The pace of applications for unemployment insurance had accelerated after Superstorm Sandy, which threw many out of work. Now, the trend is back to a rate that signals a slowly improving labor market.

Summary

Politics

Most Of Congress In The Dark On 'Fiscal Cliff' Talks

December 13, 2012 Of the 535 members of Congress, not many are in the loop about negotiations to avoid automatic spending cuts and tax increases in the new year. Lawmakers are waiting to see what President Obama and House Speaker John Boehner come up with — and some are nervous about having to quickly vote on a bill despite misgivings.

Transcript

On Morning EditionPlaylist

Planet Money

Will A $1.9 Billion Settlement Change Banks' Behavior?

A picture shows the logo on an HSBC branch on Dec. 5, 2011. Britain's financial regulator said on Dec. 5 that it had fined HSBC 10.5 million British pounds after one of the banking giant's subsidiaries missold financial retail products to elderly clients.

December 13, 2012 For punishments to work, they need to be both swift and meaningful. The HSBC settlement may be neither.

Transcript

On Morning EditionPlaylist

Etsy Crafts A Strategy For Staying Handmade And Profitable

Etsy, which began as a place for home crafters and small businesses to sell their goods, has experienced growing pains as it surpasses 800,000 sellers.

December 13, 2012 Etsy began as a place for home crafters and small businesses to sell their goods, but it has experienced growing pains as it surpasses 800,000 sellers. Some sellers are actually fronts for factories, while other sellers have left because the site isn't designed to handle volume.

Transcript

On Morning EditionPlaylist

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