Business

10:01pm

Thu January 19, 2012
Planet Money

Katy Perry's Perfect Game

Originally published on Fri January 20, 2012 1:55 pm

Felipe Dana AP

If you listen to commercial radio, this is not news: Katy Perry had a huge year. She went No.1 five times. She was the most played artist on the radio. But the record industry is so weird, it's hard to know whether this kind of success translates into huge amounts of money.

So we asked.

I walked over to Katy Perry's record label. She's on Capital, which is under EMI. I met Greg Thompson, executive vice president of marketing and promotion at EMI.

"Did you guys end up in the black?" I asked.

Read more
Tags: 

10:01pm

Thu January 19, 2012
Your Money

How Property Taxes Climb, Even If Home Value Drops

Shaker Heights in Cleveland has some of the highest property tax rates in the state (roughly $3,700 per $100,000 of assessed home value).
Brian Bull WCPN

Millions of homeowners are finding out that their property taxes are either holding steady or climbing, even as their house may be worth much less. There may not be much they can do about it.

In Ohio, Cuyahoga County's fiscal officer, Wade Steen, has been taking many calls from unhappy homeowners. He says they most often live in a community where voters passed a recent levy. That's a property tax measure that boosts funding for things such as schools and libraries.

Read more
Tags: 

4:16pm

Thu January 19, 2012
The Two-Way

Feds Shut Down File-Sharing Site; Hackers Attack Justice Department Site

Originally published on Thu January 19, 2012 5:36 pm

Earlier today, the Justice Department announced it had charged seven people on counts of copyright infringement and conspiracy in what's being called one the biggest criminal copyright cases.

NPR's Carrie Johnson filed this report for our Newscast unit:

"The Justice Department accused Megaupload, a popular file sharing site, with helping millions of people gain access to pirated movies, music and TV programs, often before the items are released for sale.

Read more

9:59am

Thu January 19, 2012
Planet Money

Carried Interest: Why Mitt Romney's Tax Rate Is 15 Percent

Originally published on Mon May 7, 2012 12:15 pm

As you know by now, Mitt Romney's tax rate is somewhere near 15 percent — well below the 35 percent income tax rate for the highest earners.

Read more

6:40am

Thu January 19, 2012
The Two-Way

Jobless Claims Drop, Inflation At 3 Percent, Housing Starts Cool

A trio of economic indicators were just released:

-- First-time claims for jobless benefits plunged by 50,000 last week from the week before, to 352,000, the Employment and Training Administration says. You have to go back to Spring 2008 to find a lower number. Reuters says the news signals "continued improvement in the labor market."

Read more

Pages