Business

10:16am

Tue March 5, 2013
The Two-Way

VW Introduces 'World's Most Efficient' Car At Geneva Motor Show

Originally published on Tue March 5, 2013 10:32 am

Two new Volkswagen hybrid XL1 model cars are displayed during a preview of Volkswagen ahead of the Geneva Car Show in Geneva.
Fabrice Coffrini AFP/Getty Images

At the Geneva Motor Show on Tuesday, Volkswagen introduced a futuristic-looking car that the company says is the "world's most efficient."

VW's XL1 is a two seater, plug-in, diesel hybrid that the company says gets 261 miles per gallon "with an all-electric driving range of a little over 30 miles," CNN reports.

CNN adds:

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10:09am

Tue March 5, 2013
Planet Money

The Dow Isn't Really At A Record High (And It Wouldn't Matter If It Were)

Originally published on Tue March 5, 2013 4:28 pm

Related: The floor of the New York Stock Exchange is increasingly irrelevant to the stock market. But a picture of a room full of computers would be super boring.
Spencer Platt Getty Images

Just a quick, cranky reminder: Despite what you may have read, the Dow Jones industrial average did not hit a new high today in any meaningful sen

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9:39am

Tue March 5, 2013
The Two-Way

Interactive: Compare Your Commute To The Nation's Longest

Originally published on Tue March 5, 2013 11:36 am

The average travel time to work in the United States tops 25 minutes, according to the U.S. Census Bureau. Move around the map or enter your town or zip code to find commute times for your area.
WNYC

Are you a "mega-commuter"?

That's a term used by the U.S. Census Bureau to describe people who commute at least 90 minutes and 50 miles to work. Nearly 600,000 Americans spend that much time in vehicles, carpool lanes, and trains and buses each day, according to the bureau.

This interactive map, created by WNYC, shows commute times, by ZIP code, across the country. Zoom into your area to see how your commute compares:

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8:33am

Tue March 5, 2013
Planet Money

Ask A Banker: Shadow Banking Is Like Banking, Only Shadier

Originally published on Tue March 5, 2013 9:02 am

Not just an empty suit.
Paul Goyette Flickr

Hi! It's Ask a Banker! Once again, I'm a former banker, current Dealbreaker editor and occasional answerer of questions here. Send more questions to planetmoney@npr.org with "ask a banker" in the subject line, or ask on Twitter (@planetmoney). This week's question comes from Ellen in Minneapolis and I think you'll like it:

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8:01am

Tue March 5, 2013
The Two-Way

14,253.77: Dow Rallies, Finishing In Record Territory

Originally published on Tue March 5, 2013 3:36 pm

A trader on the floor of the New York Stock Exchange earlier this week.
Brendan McDermid Reuters /Landov

Update at 4:09 p.m. ET. A New Record:

The Dow Industrials finished in record territory today. Gaining 89 points, it closed at 14,253.77, its highest level since Oct. 9,2007.

That is, the Dow has recovered all the losses it suffered during the Great Recession.

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