Business

3:33pm

Fri February 3, 2012
Planet Money

Who Killed Lard?

Originally published on Mon February 6, 2012 9:01 am

Old school.
Steve Snodgrass Flickr

Ron Silver, the owner of Bubby's restaurant in Brooklyn, recently put a word on his menu you don't often see anymore: lard. The white, creamy, processed fat from a pig. And he didn't use the word just once.

For a one-night-only "Lard Exoneration Dinner", Silver served up lard fried potatoes. And root vegetables, baked in lard. Fried chicken, fried in lard. Roasted fennel glazed with lard sugar and sea salt. Pies, with lard inside and out. All from lard he made himself in the kitchen.

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2:49pm

Fri February 3, 2012
The Two-Way

On Positive Jobs Report, Nasdaq Hits 11-Year High

The better-than-expected jobs numbers released today, sent the markets into positive territory they hadn't seen in years.

The Nasdaq Composite rose to an 11-year high, while the Dow hit its highest reading in almost four years. The S&P gained 1.4 percent, marking its best start to a new year since 1987.

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1:50pm

Fri February 3, 2012
The Two-Way

Senator Demands Answers from Freddie Mac's Regulator

Originally published on Fri February 3, 2012 2:19 pm

Sen. Robert Casey, a Democrat from Pennsylvania, sent a list of questions about Freddie Mac's controversial trades to the mortgage giant's regulator, highlighting how much remains unknown even after a flurry of statements from the regulator.

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1:20pm

Fri February 3, 2012
The Two-Way

Winklevoss Twins May Reap $300 Million From Facebook IPO

Originally published on Fri February 3, 2012 1:23 pm

Tyler (left) and Cameron Winklevoss.
Thomas Samson AFP/Getty Images

Before we finish the week, we have to pass on at least one more story related to Facebook's plan to raise about $5 billion with its first sale of shares to the public.

It seems that Cameron and Tyler Winklevoss — the "Winklevii" twins — could get up to $300 million worth of Facebook shares when the deal goes through.

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11:53am

Fri February 3, 2012
Economy

Have Economists Got It Wrong About The U.S.?

Originally published on Fri June 22, 2012 9:23 am

Federal Reserve Chairman Ben Bernanke pauses during a hearing before the House Budget Committee on Feb. 28, 2007.
Alex Wong Getty Images

Five years ago, a subprime mortgage firestorm was melting down the U.S. economy, but most analysts didn't see it happening.

Federal Reserve Chairman Ben Bernanke, testifying before Congress in February 2007, said the housing sector "is a concern, but at this point we don't see it as being a broad financial concern or a major factor in assessing the course of the economy."

If he and the vast majority of economists were blind to the economic and financial calamity taking shape then, could they also be missing the start of a huge economic boom now?

A boom? Really?

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