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Business
2:03 am
Thu August 1, 2013

Firm Hopes 'Owning Nashville' Will Pay Off For Investors

A new fund trading on the New York Stock Exchange will allow investors to put money in companies that all call Nashville home. The manager's of the fund hope to expand the project to other cities.
Walter G. Arce CSM /Landov

Originally published on Thu August 1, 2013 9:23 am

There's a hot stock tip floating around Nashville, and it's a first-of-its-kind investment fund that begins trading on the New York Stock Exchange Thursday.

The fund is a collection of stocks in publicly traded companies that have one thing in common: the city they call home.

When people buy into the Nashville Area Exchange Traded Fund — which starts trading at $25 a share — they will essentially be placing a bet based on an area code.

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Animals
2:03 am
Thu August 1, 2013

Jack Longino, 'The Astonishing Ant Man,' Finds 33 New Species

A side view of the new ant species Eurhopalothrix zipacna. Mounting glue and paper appear beneath the ant, one of 33 new species discovered in Central America by Jack Longino, a biologist at the University of Utah.
John T. Longino University of Utah

Originally published on Fri August 2, 2013 5:01 pm

While many of us spend our working days staring into an electronic box or dozing at meetings, there are some who prefer to crawl through tropical rain forests. People like "the astonishing ant man."

That's what his students call Jack Longino. Longino started out collecting stamps in his childhood, but that got boring fast. Man-made things just didn't thrill, so Longino decided to "get small."

As in: "If you're shopping for a home entertainment system," he says, "you can't do better than a good dissecting microscope."

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Business
2:02 am
Thu August 1, 2013

As Back-To-School Shopping Begins, Consumers May Turn Frugal

Chris Viehland helps her daughter Jenna try on shoes for the new school year at a Famous Footwear store in Fenton, Mo., Aug. 9, 2012.
Christian Gooden MCT/Landov

Originally published on Fri August 2, 2013 5:01 pm

As August begins, retailers are stepping up sales promotions to attract back-to-school shoppers. And several states are offering tax-free shopping to encourage purchases.

But most economists say this year's sales will be slower than last summer's because consumers have been coping with more expensive gasoline and higher payroll taxes.

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The Two-Way
7:52 pm
Wed July 31, 2013

Sold! First Parcels Auctioned For Future Offshore Wind Farms

The offshore wind farm in the North Sea near Borkum, Germany, is nearly complete. The Riffgat facility, seen here on June 23, includes 30 turbines, each with a generating capacity of 3.6 megawatts.
David Hecker Getty Images

Originally published on Fri August 2, 2013 5:01 pm

A Rhode Island company was the highest bidder in the federal government's first-ever auction for the right to build an offshore wind farm.

After 11 rounds, Deepwater Wind outbid two other companies for two patches of ocean off the coasts of Massachusetts and Rhode Island. The winning bid was $3.8 million.

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Economy
9:41 am
Wed July 31, 2013

GDP Report Is Better Than Economists Expected

Transcript

DAVID GREENE, HOST:

NPR's business news starts begins with some surprising economic growth.

(SOUNDBITE OF MUSIC)

GREENE: The U.S. Commerce Department says the economy grew at an unexpectedly swift pace during the second quarter of the year. The Gross Domestic Product, or GDP, grew at an annual rate of 1.7 percent. That compares to the first quarter, when it grew at 1.1 percent. As NPR's Yuki Noguchi reports, this might mean the economy has not been hit hard by the automatic government spending cuts known as sequestration.

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