Zoe Chace

Copyright 2015 NPR. To see more, visit http://www.npr.org/.

Transcript

DAVID GREENE, HOST:

When the Chinese e-commerce company Alibaba goes public, it's going to the biggest public offering ever. When investors buy their shares, however, they won't be buying an ownership stake in Ali Baba's profitable websites. Instead, they will be buying shares in a holding company based in the Cayman Islands. It's illegal for Chinese Internet companies to accept investment from outside the country, but Alibaba has found an ingenious way to still get the $20 billion they want from outside investors.

Last year, Shawn Hector bought some baby chicks. He put them outside in a little chicken coop, but it did not go well. The chicks were eaten by hawks, foxes and raccoons.

Shawn decided the world needed a better chicken coop. He and a buddy, Steve Deutsch, should build it themselves. They figured there might be a market for a high-tech chicken coop, and dreamed of starting a little business.

Copyright 2017 NPR. To see more, visit http://www.npr.org/.

AUDIE CORNISH, HOST:

Any time a song is popular, you'll find people debating it. And at some point during that debate, someone is going to Google the lyrics.

There are roughly 5 million searches for lyrics per day on Google, according to LyricFind. Those searches often lead to websites that post lyrics to lots of songs — and, in many cases, sites that post ads alongside those lyrics.

Copyright 2017 NPR. To see more, visit http://www.npr.org/.

AUDIE CORNISH, HOST:

Already for many Americans, there are few options when it comes to high-speed broadband. And the reason, says Zoe Chace with our Planet Money team, goes back to a moment when the U.S. decided to go one way and the rest of the world went another.

There were so many winter storms in New Jersey this year that the state nearly ran out of the salt used to melt snow and ice on the roads.

State officials thought they had found a solution when they discovered an extra 40,000 tons of rock salt for sale up in Searsport, Maine.

The state bought the salt but ran into problems getting it to New Jersey — despite the fact that there was an enormous, empty cargo ship, sitting at the Searsport port, headed down to Newark.

When people talk about the Volcker Rule, they often mention JPMorgan Chase, the giant bank where a trader recently made a bad bet that lost $6 billion. The Volcker Rule is supposed to put an end to that sort of thing, by prohibiting banks from trading with their own money.

But some banks that are very, very different from JPMorgan Chase are struggling with an obscure provision in the rule. Specifically, footnote 1,861, which bars banks from investing in something called trust-preferred securities — a rather obscure investment favored by lots of small, community banks invest

Copyright 2017 NPR. To see more, visit http://www.npr.org/.

DAVID GREENE, HOST:

Now NPR's Zoe Chace, from our Planet Money Team, reminds us about one industry that played a big role in NAFTA's passage: men's underwear.

More details were added to this post after it was published. The new information was courtesy of Vidiya Khan, director of the Desh Group, and daughter of Noorul Quader.

Bangladesh was created out of chaos in the early 1970s, at a moment when millions in the country were dying from a combination of war and famine. The future looked exceedingly bleak.

Pages