Business

8:57am

Thu April 26, 2012
Planet Money

Why The Postal Service Doesn't Want To Be Rescued

Originally published on Fri April 27, 2012 6:02 am

Joe Raedle Getty Images

A bill passed by the Senate yesterday would help U.S. Postal Service keep post offices around the country open, NPR reports.

The Postal Service is not pleased.

The key issue: The Postal Service, which loses $25 million every single day, wants to save money by closing hundreds or thousands of post offices and shifting services to places like grocery stores.

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7:41am

Thu April 26, 2012
The Two-Way

'I Failed,' Says Rupert Murdoch; But He Points At Others For Cover-Up

Originally published on Thu April 26, 2012 8:26 am

Rupert Murdoch and his wife, Wendi Deng Murdoch, as they were being driven away from the Royal Courts of Justice following his testimony today in London.
Peter Macdiarmid Getty Images
  • NPR's Philip Reeves and Steve Inskeep

While conceding that "I failed" because some of his News Corp. tabloids in the U.K. were guilty of hacking into the phones of murder victims, celebrities and politicians, media mogul Rupert Murdoch also testified today that lower-level executives were the ones behind a "cover-up" that kept him from knowing about what had happened.

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6:40am

Thu April 26, 2012
The Two-Way

Almost No Change In Jobless Claims Last Week

There were 388,000 first-time claims for jobless benefits last week, down just 1,000 from the week before, the Employment and Training Administration just reported.

And in another sign that the labor market's recovery remains sluggish, the agency said "the 4-week moving average was 381,750, an increase of 6,250 from the previous week's revised average of 375,500." That measure is said by economists to be a better gauge of the underlying trend in claims.

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5:15am

Thu April 26, 2012
Business

Boulder-area Airports Seek to Improve Safety

The skies over Boulder and Broomfield have been quite crowded lately with airplanes, gliders and hot air balloons flying overhead. But, a recent mid-air collision has area pilots and airport managers in Boulder County working to improve safety.

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2:45am

Thu April 26, 2012
Business

After Backlash, Ethanol Industry Is Thriving

Originally published on Thu April 26, 2012 11:28 am

Young corn plants grow next to the Guardian Energy ethanol plant in Janesville, Minn. Five years ago, the U.S. government projected that in 2012, ethanol production would use up 30 percent of the nation's corn supply. Last year, it used 40 percent.
Glen Stubbe MCT/Landov

Five years ago, ethanol was seen as the next big thing to wean the U.S. off foreign oil. Then some studies on the corn-based fuel cast doubt on its environmental benefits, and auto companies turned their attention to hybrids and electric cars. The hype died off, but the ethanol industry is alive and well, driving a big change in America's corn consumption.

Rising up out of the corn fields outside Lake Odessa, Mich., is the ethanol refinery for Carbon Green Bioenergy. The company's CEO, Mitch Miller, says a lot of refineries were popping up when this one was built in 2006.

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