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Business
3:50 am
Mon December 2, 2013

Russian Companies Fret Over Cost Of Sochi Games

Originally published on Mon December 2, 2013 12:27 pm

Transcript

RENEE MONTAGNE, HOST:

In just a couple of months, the Russian Black Sea resort of Sochi will host the Winter Olympics. Russia is reportedly spending nearly $50 billion on those games, which would be an Olympic record. To finance venues and housing, one of Russia's state-owned banks lent about $7.5 billion to an elite group of industrialists who are helping bankroll the games. Now, those investors are getting a little nervous.

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Business
3:50 am
Mon December 2, 2013

Companies Revisit 'Rank And Yank' of 1980s

Originally published on Mon December 2, 2013 12:27 pm

Longtime General Electric CEO and management icon Jack Welch popularized a management style in the 1980s that critics dubbed "rank and yank." The system ranks employees — with under-performers getting yanked from their jobs or the company. This old practice is in the news again. Microsoft recently did away with it. But other companies are embracing it.

Politics
3:50 am
Mon December 2, 2013

White House Confident Insurance Website Is Working Better

Originally published on Mon December 2, 2013 12:27 pm

In this, the first week of December, the Obama administration says it has met its self-imposed deadline of fixing the troubled healthcare.gov web site. And it says people should be able to sign up for health insurance. So, is it fixed and when will we know for sure?

Business
3:50 am
Mon December 2, 2013

Besides The Olympics, What Will $50 Billion Get You?

Originally published on Mon December 2, 2013 12:27 pm

Transcript

STEVE INSKEEP, HOST:

Now let's try to put that nearly $50 billion price tag for the Sochi games in context. And we've turned to the website BuzzFeed for help with this. Our last word in business today is: $50 billion.

That's enough to buy all 32 NFL teams, we're told.

RENEE MONTAGNE, HOST:

Or it's more than the entire economy of Costa Rica.

INSKEEP: It is almost five times Hollywood's domestic box office.

MONTAGNE: It's enough for 18 Oprahs.

INSKEEP: Although, can you really put a price tag on Oprah? I don't think so.

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Business
3:50 am
Mon December 2, 2013

Coast Guard Proposes Rule For Transporting Fracking Leftovers By Barge

Originally published on Mon December 2, 2013 12:27 pm

Transcript

STEVE INSKEEP, HOST:

NPR's business news starts with fracking leftovers.

(SOUNDBITE OF MUSIC)

INSKEEP: Fracking, I said fracking. The controversial process used to extract natural gas produces millions of gallons of wastewater. Now to cut costs, energy companies want to transport that leftover water on barges. But, the U.S. Coast Guard has concerns.

Katie Colaneri of member station WHYY reports.

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