Business

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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2:25am

Thu April 26, 2012
NPR Story

The Last Word In Business

Originally published on Thu April 26, 2012 7:21 am

Transcript

STEVE INSKEEP, HOST:

Let's stay in Europe for our last word in business - about an ad that allegedly pushes Nationalist buttons.

RENEE MONTAGNE, HOST:

The story starts with the Netherlands Energy Company. As a promotion, the energy company is offering free beer taps.

INSKEEP: We do not know how a free beer tap promotes using energy, but never mind. The company bought ads. The ads contain a warning for Netherlands women: Prevent your husbands from traveling to Ukraine to see this summer's European soccer championship. They thought...

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2:25am

Thu April 26, 2012
Business

Double-Dip Recession Catches Britain Off Guard

Originally published on Thu April 26, 2012 7:21 am

Transcript

RENEE MONTAGNE, HOST:

Britain is a nation in shock, following yesterday's announcement that its economy has slipped back into recession. The bad news is raising new questions about the government's unpopular austerity measures.

Vicki Barker has more from London.

VICKI BARKER, BYLINE: The news that Britain's economy has fallen into the dreaded double-dip recession caught everyone off guard - including Prime Minister David Cameron, who was immediately hit by a wave of criticism from parliament.

(SOUNDBITE OF VOICES)

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2:25am

Thu April 26, 2012
Business

Business News

Originally published on Thu April 26, 2012 7:21 am

Transcript

(SOUNDBITE OF MUSIC)

RENEE MONTAGNE, HOST:

NPR's business news starts with a cage-free promise.

Burger King announced yesterday, that by 2017, all of its eggs and pork will come from animals not penned-up in cages and crates. Burger King is the first major U.S. fast food chain to put a firm deadline on such a promise. The move is seen as part of an industry-wide shift to consider animal concerns.

One food industry analyst says it proves quote, "that consumers are willing to pay a little bit more for fairness."

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1:02am

Thu April 26, 2012
Crisis In The Housing Market

For Some, 'Frustration' Over Mortgage Settlement

Originally published on Thu April 26, 2012 7:21 am

A sign stands in front of a bank-owned home in Las Vegas. Housing counselors say the $25 billion mortgage settlement between major banks and the states has yet to make an impact in communities around the U.S.
Jae C. Hong AP

Earlier this month, a judge approved a settlement between five major banks and nearly all of the state attorneys general. The banks admitted to taking shortcuts — or "robo-signing" documents — as they pushed through some foreclosures.

Most of the $25 billion settlement is supposed to go toward reducing mortgage payments for some troubled homeowners. But lots of other programs have promised to help struggling homeowners in the past, and results have been disappointing.

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