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4:06 am
Thu November 1, 2012

Help Wanted In Switzerland: Hunting Tax Cheats

Originally published on Thu November 1, 2012 5:41 am

Transcript

RENEE MONTAGNE, HOST:

And while we're on the subject of tax evasion, our last word in business today is: Help wanted.

Switzerland is looking for more staff to handle a flood of new requests from other countries that are looking for tax cheats.

STEVE INSKEEP, HOST:

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Business
4:06 am
Thu November 1, 2012

The Complicated Economic Impact Of Sandy

Originally published on Thu November 1, 2012 5:41 am

Transcript

STEVE INSKEEP, HOST:

Sandy is likely to go down as one of the costliest storms in U.S. history. The initial estimates of the losses are anywhere from $20 billion to $50 billion. But as NPR's Jim Zarroli reports, the impact on the economy is more complicated than it may appear. Some companies will even make money.

JIM ZARROLI, BYLINE: Economist Greg Daco has been tallying the potential costs of Hurricane Sandy and he says there's no question it's going to hurt the economy more than it will help it.

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Business
4:06 am
Thu November 1, 2012

Business News

Originally published on Thu November 1, 2012 5:41 am

Japanese TV maker Sharp on Thursday doubled its expected net loss for the year to more than $5 billion. The company also raised concerns about its ability to survive on its own. The news comes a day after another Japanese tech giant, Panasonic, forecast a nearly $10 billion loss for the year.

Planet Money
4:06 am
Thu November 1, 2012

The Robots Haven't Taken Over The Stock Market (Yet)

Sandbags protect an entrance of the New York Stock Exchange, Monday, Oct. 29, 2012.
Richard Drew AP

Originally published on Fri November 2, 2012 12:04 pm

Note: This story was originally published on Oct. 30. It was updated on Nov. 1 to include a radio version of the story.

The stock market, according to a popular narrative, is now just computers making superfast trades with other computers. Those pictures of traders getting emotional on the floor of the New York Stock Exchange are an anachronism. The real action flashes through fiber-optic cables headed for servers in places like Kansas City. It's algorithms all the way down.

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Author Interviews
4:06 am
Thu November 1, 2012

'Smitten Kitchen' Takes The Fuss Out Of Cooking

Deb Perelman

Originally published on Thu November 1, 2012 2:26 pm

Think of the smallest kitchen you can imagine, and then take away a few square feet. That's Deb Perelman's New York kitchen. It's so small that the blogger, and now author, literally has to wedge herself between the stove and the refrigerator to cook.

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