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Updated: 15 min 51 sec ago

How Perverse Incentives Drive Up Health Care Costs

Wed, 01/15/2014 - 11:00pm

Medical treatment in the emergency room is expensive, but there's a perverse incentive at work which encourages EMS workers to send more people there. Medicare reimburses for 911 calls only if the patient is transported to the ER. A pilot program at Mt. Sinai Hospital in New York City tries to keep patients from coming back to the ER.

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Obama Nominates Maria Contreras-Sweet To Head SBA

Wed, 01/15/2014 - 5:21pm

Born in Mexico, Contreras-Sweet was the first Latina to serve as a cabinet secretary in California when she led its Business, Transportation and Housing Agency from 1999-2003.

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IMF's Lagarde: Any U.S. Budget Deal Is Better Than None

Wed, 01/15/2014 - 4:28pm

"We are all very pleased to see an orderly budget process is back," the head of the International Monetary Fund says, as Congress works on spending legislation.

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German Farmers Fear For Europe's Bacon With U.S. Trade Deal

Wed, 01/15/2014 - 3:19pm

German farmers protested Wednesday against a free trade deal with the U.S. that could lift restrictions on American meat sold in Europe. The farmers say they are worried not just about poor quality meat, but unfair competition.

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Regions Bank To Discontinue Payday Loan Program

Wed, 01/15/2014 - 3:18pm

Deposit advances are small, costly loans that bank customers take out between paychecks, and pay back automatically when a scheduled direct deposit comes through. Federal bank regulators cracked down on the products in December.

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Paper Or Plastic: How Americans Buy Stuff, In 1 Graph

Wed, 01/15/2014 - 3:03pm

Americans use debit cards more often than any other form of payment. Cash is still used more often than credit cards.

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Fed Vice Chairman Nominee Taught Bernanke And Many Others

Wed, 01/15/2014 - 3:00pm

President Obama has nominated Stanley Fischer to be vice chairman of the Federal Reserve. Fischer trained outgoing Fed Chairman Ben Bernanke, and he spent much of the last decade running Israel's central bank. If confirmed, Fischer would take over the position being vacated by Janet Yellen, who was recently confirmed as Bernanke's successor.

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Obama Unveils New Plans To Encourage Manufacturing Jobs

Wed, 01/15/2014 - 3:00pm

Touting a rebound in manufacturing jobs, President Obama announced a public-private partnership to expand that momentum. He unveiled a manufacturing innovation institute in North Carolina, the first of three similar hubs he proposed in last year's State of the Union address. Though factory jobs are being added, economists say it's highly unlikely that manufacturing can become a significant source of future employment.

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Boeing Machinists' Plight Marks Changing Times For Labor

Wed, 01/15/2014 - 3:00pm

The push by Boeing to wring concessions from its unionized workers — including the loss of pensions — echoes what's happened at other big manufacturers and demonstrates the state of organized labor across the country.

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After Checking Blood Pressure, Kiosks Give Sales Leads To Insurers

Wed, 01/15/2014 - 3:00pm

People like the convenience of checking their blood pressure at free machines in pharmacies and supermarkets. But at least one company is selling the contact information of people who use its machines to health insurers seeking new customers.

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How Virtual Currency Could Make It Easier To Move Money

Wed, 01/15/2014 - 12:41pm

It isn't just Bitcoin. You can now choose from more than 70 virtual currencies, and people are using them partly because it could be a free way of transferring money online. Given more time and widespread use, that could change the playing field for companies like Western Union and banks.

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Piracy On High Seas At Lowest Level In 6 Years, Report Says

Wed, 01/15/2014 - 9:55am

The International Maritime Bureau says there has been a 40 percent drop in piracy worldwide since 2011, and that much of the drop was due to fewer attacks off the Somali coast.

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Extending Jobless Benefits Likely Delayed Again

Wed, 01/15/2014 - 7:00am

Senators couldn't reach agreement Tuesday on a way to restore benefits for 1.3 million people who have been out of work for extended periods. With the Senate planning to go on a recess next week, it's looking like any action will be put off.

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Soon To Be Big In Japan, Jim Beam's Roots To Stay In Kentucky

Wed, 01/15/2014 - 2:05am

In a deal worth some $16 billion, the Japanese beverage giant Suntory is buying Beam, the maker of Jim Beam bourbon and the owner of well-known American brands such as Maker's Mark. Industry leaders say it's a reflection of bourbon's exploding popularity in Asian markets, but some are wondering if the new owners will preserve bourbon's Kentucky heritage.

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Minn. Orchestra And Union Musicians End Bitter Lockout

Wed, 01/15/2014 - 12:50am

The Minnesota Orchestra and union musicians ratified a new contract Tuesday, ending a 15-month lockout that saw renowned Finnish maestro Osmo Vanska quit as conductor last fall. The three-year agreement takes effect Feb. 1.

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Long-Term Unemployed Say N.C. Law Is Unfair

Tue, 01/14/2014 - 11:00pm

President Obama heads to Raleigh, N.C., and is expected to call on Congress to try again to extend federal unemployment benefits. Republicans blocked a Senate bill that would have restored the benefits that ended last month for 1.3 million Americans. In North Carolina, a state law has prevented people from getting the benefits since July 1.

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Court: FCC Can't Enforce Net Neutrality

Tue, 01/14/2014 - 11:00pm

The U.S. Court of Appeals for the D.C. Circuit has struck down a provision of the Federal Communications Commission's "Open Internet Rules." That provision allowed the FCC to regulate Internet service providers in much the same way it regulates phone service providers — requiring them to provide unrestricted service to all users.

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Minn. Orchestra And Union Musicians End Extensive Lockout

Tue, 01/14/2014 - 11:00pm

The Minnesota Orchestra hasn't performed in its concert hall in Minneapolis in 488 days. The musicians and orchestra management have been locked in a bitter labor dispute. But on Tuesday, musicians agreed to a new contract ending the longest work stoppage for any symphony orchestra in U.S. history.

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Gamers Asked To Invest In 'Broken Age' Part 2

Tue, 01/14/2014 - 11:00pm

Gamemaker Tim Schafer revolutionized how to fund creative projects in his industry. He used funds from a Kickstarter campaign to raise money for an Internet game, bypassing corporate backing. His success influenced other gamers. And on Tuesday, the people who helped fund his project got to point-and-click their way through his new adventure.

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Battery Problem Reported On Boeing Dreamliner In Japan

Tue, 01/14/2014 - 7:46pm

Reports of white smoke from a battery compartment have temporarily grounded a Boeing 787 Dreamliner in Japan, nearly a year after all the new airliners were grounded due to a problem with batteries overheating. Tuesday's incident happened on an airliner at Tokyo's Narita Airport that had no passengers aboard.

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