Business http://kut.org en Low Unemployment, Rising Housing Stock Make Austin the Best Market for Millennials http://kut.org/post/low-unemployment-rising-housing-stock-make-austin-best-market-millennials <p>Austin is the best city in the United States for aspiring homebuyers between 20 and 34 years old, <a href="http://www.realtor.org/news-releases/2014/07/nar-identifies-best-purchase-markets-for-aspiring-millennial-homebuyers">according to the National Association of Realtors </a>(NAR). It said even though housing prices in Austin have shot up in the last few years, the city's median home value of&nbsp;<a href="https://www.abor.com/news_media/press_releases/2014/p9_14.cfm">$252,520</a>&nbsp;is still about half of what it is in Boston and a third of what it is in San Francisco.</p><p>"Which is the reason why we still place Austin as reasonably affordable," NAR chief economist Lawrence Yun says. "This is where the millennial generations are moving into and [where] the job opportunities are available."</p><p> Tue, 12 Aug 2014 01:02:16 +0000 Nathan Bernier 10995 at http://kut.org Low Unemployment, Rising Housing Stock Make Austin the Best Market for Millennials SpaceX Getting Millions in Incentives for Brownsville Launch Site http://kut.org/post/spacex-getting-millions-incentives-brownsville-launch-site <p>The state of Texas is offering $2.3 million to <a href="http://www.spacex.com/">SpaceX</a>, a commercial spaceflight company with plans to build a spaceport along the Gulf Coast.</p><p>The plan to build a rocket-launch facility in South Texas has been years in the making, and while there are still a few finishing touches to put on the plan, it looks like everyone is on board.</p> Mon, 04 Aug 2014 21:54:41 +0000 Trey Shaar 10945 at http://kut.org SpaceX Getting Millions in Incentives for Brownsville Launch Site Unemployment Ticks Up To 6.2 Percent; 209,000 Jobs Added http://kut.org/post/unemployment-ticks-62-percent-209000-jobs-added The nation's unemployment rate moved up a bit in the month of July, to 6.2 percent, as more Americans who'd been sitting on the sidelines started looking for work, according to the latest monthly<a href="http://www.bls.gov/news.release/empsit.nr0.htm"> report released by the Bureau of Labor Statistics.</a> Nonfarm payrolls increased by 209,000 jobs, a bit less than economists had expected.<p>Even so, according to <a href="http://www.reuters.com/article/2014/08/01/us-usa-economy-idUSKBN0G134N20140801">Reuters</a>, it marks "the sixth straight month that employment has expanded by more than 200, Fri, 01 Aug 2014 13:19:13 +0000 Scott Neuman 10928 at http://kut.org Unemployment Ticks Up To 6.2 Percent; 209,000 Jobs Added FAA Seeks $12 Million Fine Against Southwest Airlines http://kut.org/post/faa-seeks-12-million-fine-against-southwest-airlines The Federal Aviation Administration announced Monday that it intends to fine Southwest Airlines $12 million for flying Boeing 737 airplanes without making proper repairs.<p>Beginning in 2006, Southwest began "extreme makeover" alterations to address cracking of aluminum skin on 44 jetliners, the FAA said in a <a href="http://www.faa.gov/news/press_releases/news_story.cfm?newsId=16754" target="_blank">news release</a>.<p>The agency's investigation found that Aviation Technical Services Inc., a Southwest contractor, failed to follow proper procedures during repairs. Tue, 29 Jul 2014 14:13:58 +0000 Alan Greenblatt 10895 at http://kut.org FAA Seeks $12 Million Fine Against Southwest Airlines What's Next for Austin's Creative Economy? http://kut.org/post/whats-next-austins-creative-economy <p><a href="http://www.forbes.com/sites/joelkotkin/2013/11/20/the-surprising-cities-creating-the-most-tech-jobs/" style="line-height: 1.5;">According to Forbes.com</a><span style="line-height: 1.5;">, since 2001 tech firms like Apple, Google, and Facebook have expanded employment by 41 percent. This has lead to Austin resembling a smaller Silicon Valley – and Texas as a whole altering the face of its economy.</span></p><p>In keeping with Austin's renowned music scene, many of the region's exports are less about tangible services and more about entertainment and innovative ideas and applications. Economist and <a href="http://www.creativeclass.com/richard_florida/about_richard">author Richard Florida</a> christened such a move to a arts and knowledge-based economy as "The Rise of the Creative Class."<iframe frameborder="no" height="166" scrolling="no" src="https://w.soundcloud.com/player/?url=https%3A//api.soundcloud.com/tracks/160137032&amp;color=ff5500&amp;auto_play=false&amp;hide_related=false&amp;show_comments=true&amp;show_user=true&amp;show_reposts=false" width="100%"></iframe></p><p> Thu, 24 Jul 2014 20:19:31 +0000 Matthew Price 10850 at http://kut.org What's Next for Austin's Creative Economy? Fruit Recall Hits Trader Joe's, Costco, Wal-Mart Stores http://kut.org/post/fruit-recall-hits-trader-joes-costco-wal-mart-stores Fears of possible listeria contamination have led to a national recall of whole peaches, nectarines and other fruits packed by a California company. No illnesses have been reported, but the Wawona Packing Co. Wed, 23 Jul 2014 09:08:44 +0000 Bill Chappell, NPR 10839 at http://kut.org Meet Two African Women at UT With Ideas for Improving Access to Some Basic Needs http://kut.org/post/meet-two-african-women-ut-ideas-improving-access-some-basic-needs <p>Some young people in Africa are struggling with problems that many Americans take for granted – including serious unemployment and access to basic needs.</p><p>A group of 25 young Africans from 18 different countries have been <a href="http://world.utexas.edu/features/yali" target="_blank">at UT-Austin this summer</a> to bring to life their business plans for addressing some of the challenges in their countries.</p><p>It’s part of President Obama’s <a href="https://youngafricanleaders.state.gov/" target="_blank">Young African Leaders Initiative</a>. The national program is in its fourth year but this is the first time participants have spent time at a university prior to a summit in Washington.</p><p><iframe frameborder="no" height="166" scrolling="no" src="https://w.soundcloud.com/player/?url=https%3A//api.soundcloud.com/tracks/159779558&amp;color=ff5500&amp;auto_play=false&amp;hide_related=false&amp;show_comments=true&amp;show_user=true&amp;show_reposts=false" width="100%"></iframe></p><p> Tue, 22 Jul 2014 12:51:33 +0000 Laura Rice 10823 at http://kut.org Meet Two African Women at UT With Ideas for Improving Access to Some Basic Needs 1 Million Net Neutrality Comments Filed, But Will They Matter? http://kut.org/post/1-million-net-neutrality-comments-filed-will-they-matter The Federal Communications Commission received more than 1 million public comments on the issue of net neutrality during a five-month commenting period that ended Friday.<p>It's the <a href="http://www.npr.org/blogs/alltechconsidered/2014/07/15/331798176/fcc-extending-net-neutrality-commenting-time-after-site-buckles">biggest public response</a> the FCC has ever gotten on a policy matter in such a short period, and the second most commented-upon FCC issue, period. Mon, 21 Jul 2014 20:56:00 +0000 Elise Hu 10825 at http://kut.org 1 Million Net Neutrality Comments Filed, But Will They Matter? Tobacco Giant Reynolds American To Buy Lorillard In $27B Deal http://kut.org/post/tobacco-giant-reynolds-american-buy-lorillard-27b-deal Cigarette giant Reynolds American announced Tuesday <a href="http://investors.lorillard.com/investor-relations/news/news-details/2014/Reynolds-American-To-Acquire-Lorillard-In-Transaction-Valued-At-274-Billion/default.aspx">that it's buying rival Lorillard</a> in a $27 billion deal that unites two of the country's biggest tobacco companies.<p>The acquisition creates a giant to rival Philip Morris USA, which is owned by Altria Group Inc., the No. 1 tobacco company in the country. Altria's Marlboro brand dominates the U.S. Tue, 15 Jul 2014 12:29:05 +0000 10786 at http://kut.org Tobacco Giant Reynolds American To Buy Lorillard In $27B Deal U.S. Added 288,000 Jobs In June, Labor Department Says http://kut.org/post/us-added-288000-jobs-june-labor-dept-says Analysts' expectations of continued growth in the jobs report for June were surpassed by federal data issued this morning, as the Labor Department says U.S. employers added 288,000 jobs last month. The government released the numbers one day early because of the July 4 holiday.<p><strong>Update at 8:35 a.m. Thu, 03 Jul 2014 15:22:38 +0000 Bill Chappell, NPR 10726 at http://kut.org Tequila Nation: Mexico Reckons With Its Complicated Spirit http://kut.org/post/tequila-nation-mexico-reckons-its-complicated-spirit The Mexican town of Tequila in the western state of Jalisco is the heart of a region that produces the legendary spirit. Any bottle of tequila must be made from the Weber Blue species of agave, grown and distilled in this region.<p>Field after field of agave gives this land a blue hue, defining an economy and its traditions.<p>But using just one species of blue agave to make 100 percent blue agave tequila is done through cloning the plants, without pollination or flowering. Tue, 24 Jun 2014 09:08:07 +0000 The Kitchen Sisters 10662 at http://kut.org Tequila Nation: Mexico Reckons With Its Complicated Spirit Black-Owned Businesses Grow in Texas, But Still Trail Economically http://kut.org/post/black-owned-businesses-grow-texas-still-trail-economically <p>Black-owned businesses in Texas are growing at a faster rate than Texas businesses as a whole –&nbsp;but they are trailing on several economic indicators, according to&nbsp;a new report.</p> Thu, 19 Jun 2014 20:57:26 +0000 Ryan Kailath 10641 at http://kut.org Black-Owned Businesses Grow in Texas, But Still Trail Economically Benefit Corporations Look Beyond The Profit Motive http://kut.org/post/benefit-corporations-look-beyond-profit-motive A corporation has one core obligation: to make money. But some companies are signing a deal, promising to create not only profit but also a tangible benefit to society and the environment. They're called benefit corporations, and their movement has caught the ear of lawmakers across the country.<p>In the tiny town of Gilsum, N.H., you'll find the headquarters of W.S. Badger Co. Inc. The company makes all-natural cosmetics marketed under the name Badger Balm. When CEO Bill Whyte founded the company two decades ago, the staff was lean.<em></em><p>"Early on, I started making soup on Friday. Wed, 18 Jun 2014 14:17:48 +0000 Jack Rodolico 10627 at http://kut.org Benefit Corporations Look Beyond The Profit Motive Report: Stratfor Hack Orchestrated by FBI Informant http://kut.org/post/report-stratfor-hack-orchestrated-fbi-informant <p><span style="line-height: 1.5;">The computer hack of Austin-based&nbsp;</span><a href="http://www.stratfor.com/" style="line-height: 1.5;">Stratfor</a><span style="line-height: 1.5;"> in 2011 resulted in credit card numbers and damaging emails being leaked online. A </span><a href="http://www.dailydot.com/politics/hammond-sabu-fbi-stratfor-hack/" style="line-height: 1.5;">new investigative report from the Daily Dot </a><span style="line-height: 1.5;">examining still-sealed court records found that the FBI knew about the hack, because one of its informants helped to orchestrate it.</span></p><blockquote><p>In addition to directly facilitating the breach, the FBI left Stratfor and its customers—which included defense contractors, police chiefs, and National Security Agency employees—vulnerable to future attacks and fraud, and it requested knowledge of the data theft to be withheld from affected customers. This decision would ultimately allow for millions of dollars in damages.</p></blockquote><p>Daily Dot reporter Dell Cameron was a lead reporter on the story. Listen our interview with him here.</p><p><iframe frameborder="no" height="166" scrolling="no" src="https://w.soundcloud.com/player/?url=https%3A//api.soundcloud.com/tracks/153950749&amp;color=ff5500&amp;auto_play=false&amp;hide_related=false&amp;show_artwork=true&amp;show_comments=true&amp;show_user=true&amp;show_reposts=false" width="100%"></iframe></p><p> Wed, 11 Jun 2014 23:57:14 +0000 Nathan Bernier 10583 at http://kut.org Report: Stratfor Hack Orchestrated by FBI Informant Drones Approved: FAA Gives OK To First Commercial Use Over Land http://kut.org/post/drones-approved-faa-gives-ok-first-commercial-use-over-land The Federal Aviation Administration says it has issued the first permit in its history for an unmanned aircraft to fly over U.S. soil. Oil company BP will use a drone from the company AeroVironment to conduct surveys in Alaska.<p>The first drone flights under the recently issued waiver have already taken place, the FAA says.<p>From the agency's news release:<p><blockquote><p>"The FAA issued a Certificate of Waiver or Authorization to survey BP pipelines, roads and equipment at Prudhoe Bay, AK, the largest oilfield in the United States. Tue, 10 Jun 2014 16:27:38 +0000 Bill Chappell, NPR 10569 at http://kut.org Drones Approved: FAA Gives OK To First Commercial Use Over Land National Instruments Cancels Project That Would Have Created 1,000 Jobs http://kut.org/post/national-instruments-cancels-project-would-have-created-1000-jobs <p><a href="http://www.ni.com/company/" style="line-height: 1.5;">National Instruments</a><span style="line-height: 1.5;"> is cancelling a project that would have created 1,000 jobs in Austin over a decade.</span></p><p>The $80 million expansion project of NI's headquarters <a href="https://plus.google.com/105762292728267085318/about?gl=us&amp;hl=en">on North&nbsp;Mopac Boulevard</a>&nbsp;received millions in economic incentives from the city, county and state. All those agreements have also been canceled.</p><p>"We want to continue to leverage our investments and drive for growth," National Instruments spokesperson&nbsp;<span style="line-height: 1.5;">Stacy Schmidt says. "</span><span style="line-height: 1.5;">But in the current economy and the challenges in the test and measurement industry, we're choosing not to move forward at this time."</span></p><p> Tue, 10 Jun 2014 00:48:37 +0000 Nathan Bernier 10567 at http://kut.org National Instruments Cancels Project That Would Have Created 1,000 Jobs Tech Week: Apple In Homes, Snowden Anniversary, Sexism Flare-Ups http://kut.org/post/tech-week-apple-homes-snowden-anniversary-sexism-flare-ups It's time for your quick rundown of the week that was in technology and culture.<p><h3><strong>ICYMI</strong></h3><p><strong>Tech's Gender Gap</strong>: Getting women to join and stay in technology company ranks is a well-documented issue; a few incidents this week probably didn't do much to help the problem. <a href="http://www.npr.org/blogs/alltechconsidered/2014/06/05/318936846/chicago-conference-is-the-latest-in-tech-sexism-hall-of-shame">Chicago's Techweek apologized</a> for using provocatively posing women in a party invite after losing big names and a sponsor. Sat, 07 Jun 2014 21:17:41 +0000 Elise Hu 10556 at http://kut.org Tech Week: Apple In Homes, Snowden Anniversary, Sexism Flare-Ups SpaceX Unveils A Sleek New Ride To Orbit http://kut.org/post/spacex-unveils-sleek-new-ride-orbit <p>http://www.youtube.com/watch?v=Cf_-g3UWQ04</p> Fri, 30 May 2014 21:34:11 +0000 Geoff Brumfiel 10523 at http://kut.org SpaceX Unveils A Sleek New Ride To Orbit Saying It Was Hacked, EBay Urges Users To Change Passwords http://kut.org/post/saying-it-was-hacked-ebay-urges-users-change-passwords Online marketplace eBay says it was the target of a cyberattack in which hackers accessed a database of its encrypted passwords. Wed, 21 May 2014 17:36:36 +0000 Bill Chappell, NPR 10465 at http://kut.org Saying It Was Hacked, EBay Urges Users To Change Passwords AT&T To Acquire Broadcast Provider DirecTV http://kut.org/post/att-acquire-broadcast-provider-directv Telecommunications giant AT&T and DirecTV <a href="http://about.att.com/story/att_to_acquire_directv.html">announced Sunday</a> that the two companies had reached a definitive agreement which would see AT&T acquiring the broadcast service provider.<p>AT&T is buying DirecTV for about $48.5 billion, reports <em>The</em> <em>New York Times. Mon, 19 May 2014 09:29:52 +0000 Steve Mullis 10440 at http://kut.org