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NPR Topics: Business
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Find the latest business news with reports on Wall Street, interest rates, banking, companies, and U.S. and world financial markets. Subscribe to the Business Story of the Day podcast.
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BP Report Blames Multiple Companies For Gulf Spill
The oil giant's 193-page report says a sequence of failures led to the massive Gulf of Mexico spill that fouled waters and shorelines for months. The company's findings are far from the final word on possible causes of the explosion that sank the Deepwater Horizon drill rig.
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Why Did The Rich Get So Much Richer?
The very rich take home a much bigger chunk of the nation's income than they did a few decades ago. Slate's Timothy Noah is rolling out a big project trying to figure out why.
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The New Republic: Word Games Of The Collapse
Economists have been calling the state of our economy a "recession." "Not so," argues John B. Judis of The New Republic. We are in a "depression," and those terms have real-life consequences.
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National Review: 'Targeted' Stimulus Has Bad Aim
President Obama's new round of stimulus spending is intended to grow our infrastructure by using tax credits "targeted" to small business owners. But the editors of the National Review argue that temporary and targeted tax relief is not enough to sustain the economy. Real growth will only come with real reform.
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Obama To Pitch Trio Of Economic Proposals
The package of infrastructure investments and business tax incentives is meant to put the economy on a path toward long-term growth while also allowing for some immediate job creation.
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Luxury Vans Are An Alternative To Flying
Some high-powered business executives have decided to forgo flying to some business trips in favor of decked-out vans. Texas company Mobilejets has Mercedes vans that have swivel chairs, wireless Internet and a bathroom with a porcelain toilet and fresh cut flowers. It's costs $250 an hour which is still cheaper than a private jet.
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Obama Takes Economic Recovery Plan To Ohio
President Obama travels to Cleveland Wednesday to outline his plan to get the economy moving again. White House officials are clear about why they picked Cleveland: Because House Majority Leader John Boehner of Ohio was there touting the GOP.
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Obama Adviser: We're Moving In The Right Direction
Heading into midterm elections, President Obama is trying to give Democrats a boost in the polls by proposing economic initiatives. White House senior adviser David Axelrod tells Steve Inskeep that the wrong thing to do is to go back to the policies that created the problems in the first place.
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BP Issues Report On Gulf Oil Spill Disaster
BP is releasing a 200-page assessment Wednesday, detailing the cause of the disaster in the Gulf of Mexico. The spill ultimately put more than four million barrels of oil into the Gulf. In addition, a new federal study finds that oil is gradually disappearing, as bacteria continue to gobble it up.
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Gates, Buffett To Sell Giving To China's Richest
Bill Gates and Warren Buffett head to China later this month. The two billionaires hope to spread the word that it's good to give. In Beijing, they'll urge people who have benefited from China's booming economy to pledge half their fortunes to charity. So far, only two of China's wealthiest businessmen have agreed to meet with the Americans.
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