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National Public Radio - Business News
Go East, Young Marijuana Dealer A San Francisco dealer quadrupled his income by moving to New York after California legalized medical marijuana. Bernanke Hints That The Economy Still Needs Help The Fed chairman cautioned Wednesday that if interest rates were to start rising now, the economy could slump. Meanwhile, the National Association of Realtors said sales of existing homes rose — and would have been even stronger if not for tight inventory. Court Rules Vacation Rental Site Illegal In New York In New York, a judge has dealt a setback to Airbnb, the popular website for short term apartment rentals. The judge ruled an Airbnb user violated a New York City law when he rented a room to a visitor from out of town. The judge's decision casts doubt on New Yorkers' ability to make use of the site legally. Battle Lines Harden In Debate Over Blame For IRS Controversy The Treasury Department's inspector general, who faulted the IRS for flagging conservative groups for extra scrutiny, is now investigating how the agency is monitoring the political activities of tax-exempt groups. These so-called social welfare organizations are not supposed to be primarily about politics, although many seem to be. Parking Industry Tries To Make Your Life Easier The future of parking has been showcased in Fort Lauderdale, Fla, this week at the International Parking Institute's annual conference. The conversation has been about helping drivers get in and out of spaces as conveniently as possible. Microsoft Unveils Its New Xbox One Microsoft has designs on your living room. The software giant's new game console — Xbox One — uses speech-recognition technology and physical commands. Not just to control games, but also your TV, Skype and recorded video. Microsoft demonstrated the new device Tuesday. Earning News Sends Home Depot Stock Higher Home Depot got a boost from the housing recovery. Its first quarter net-income rose 18 percent, exceeding expectations. The company acknowledged that while cool and wet spring weather had a negative impact on some of Home Depot's seasonal business, its core business stayed strong. Qantas Airlines To Offer In-Flight Books The Australian airline plans to customize works by Australian authors to fit the length of the flight. Why Apple (And Lots Of Other Companies) Wound Up In Ireland It goes back to a single page in a report written decades ago by U.S. consultants, and funded by the U.S. State Department. Quantum Or Not, New Supercomputer Is Certainly Something Else NASA and Google have come together to buy a new kind of computer that the manufacturer says runs on the strange laws of quantum mechanics. But some physicists counter that the machine, known as the D-Wave Two, has never demonstrated a phenomenon known as "quantum entanglement." Goodies
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