This is ALL THINGS CONSIDERED from NPR News. I'm Melissa Block.
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For years, predictions about the demise of the news business have been rampant. But lately, digital industry billionaires are entering the fray, bringing hope that those forecasts are wrong. Earlier this year, Amazon's founder Jeff Bezos bought The Washington Post.
A former UBS bank executive who has been a fugitive since being indicted on federal charges in 2008 has been arrested in Italy. Swiss citizen Raoul Weil, the former head of UBS Global Wealth Management International, is accused of defrauding the U.S. government by helping clients evade taxes.
From Rome, NPR's Sylvia Poggioli filed this report for our Newscast unit:
If you've flown across Nebraska, Kansas or western Texas on a clear day, you've seen them: geometrically arranged circles of green and brown on the landscape, typically half a mile in diameter. They're the result of pivot irrigation, in which long pipes-on-wheels rotate slowly around a central point, spreading water across cornfields.
Yet most of those fields are doomed. The water that nourishes them eventually will run low.
A worker walks inside the turbine hall of the Sizewell nuclear plant in eastern England in 2006. The U.K. government on Monday announced that French-owned EDF would build the first new British nuclear power station in 20 years.
Originally published on Mon October 21, 2013 11:13 am
Britain has approved the construction of the country's first nuclear power station in 20 years.
NPR's Philip Reeves, reporting on the announcement for our Newscast unit, said the move goes counter to a European trend to phase out nuclear power in the aftermath of Japan's Fukushima disaster in 2011.
If you want to watch MTV, you have to pay for ESPN, even if you don't want to watch sports, and a lot of cable customers don't like it. In the cable TV business, it's called bundling. Now, the government of Canada is requiring cable companies to take those bundles apart. NPR's Mandelit del Barco reports on why that is unlikely to happen in the U.S.
MANDALIT DEL BARCO, BYLINE: Channel surfing in, say, Montreal, you can find everything from American TV sitcoms to shows in French.
It's MORNING EDITION from NPR News. Good morning. I'm Steve Inskeep.
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And I'm Renee Montagne. The Justice Department is on the verge of a $13 billion settlement with JPMorgan Chase. That would make it the biggest government fine involving a single company. It involves the allegedly improper sale of mortgage securities that led to the financial crisis of 2008. NPR's Chris Arnold has been following this and he joins us now. Good morning.
Glenn Greenwald, who broke the story about the U.S. government's massive surveillance program, is quittingThe Guardian. He's leaving the British daily and joining a journalism startup with eBay founder and billionaire philanthropist Pierre Omidyar.
Originally published on Sat October 19, 2013 3:28 pm
In what would be the largest such settlement in U.S. history, JPMorgan Chase & Co. has reportedly reached a tentative deal with the Justice Department that would see the bank pay $13 billion to settle civil charges related to wrongdoing by some of its units just before and during the housing crisis.
The deal, sources tell news outlets including NPR, would not absolve JPMorgan from possible criminal liability.
Word of the tentative agreement emerged around 3 p.m. ET. Saturday. We posted when the news broke and followed with background and more details.
Some advocacy groups say credit card companies should stop doing business with websites that promote controversial views or policy positions.
Credit The Internet Archive
A screen grab of a cached version of The International Conspiratological Association website, an anti-Semitic organization. Under pressure from advocacy groups, MasterCard has since ended its merchant network relationship with the organization.
Earlier this month, major credit card processors including MasterCard, Visa and America Express announced they would stop processing payments to websites that collect and publish mug shots online. The sites say they are providing a public service, but they make their money by charging people a fee to remove these embarrassing photos from the Internet.
Americans started thinking differently about U.S. dependence on imported oil 40 years ago this Sunday. Decades later, the U.S. is in the midst of a homegrown energy boom.
The oil embargo began in 1973. The United States had long taken cheap and plentiful oil for granted when Saudi Arabia shocked the country by suddenly cutting off all direct oil shipments in retaliation for U.S. support of Israel. Other Arab countries followed suit.
Prices soared. Gasoline lines stretched for blocks. Richard Nixon became the first of many U.S. presidents to call for energy independence.
From NPR News, this is ALL THINGS CONSIDERED. I'm Robert Siegel.
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And I'm Audie Cornish.
One effect of the 16-day government shutdown is that economists have had only a murky picture of the state of the economy. That's because the government is one of the most important sources of economic data. And as NPR's Dan Bobkoff reports, most of the people responsible for compiling and analyzing the numbers were furloughed, even barred from checking their email.
Environmental groups are fighting to stop the leveling of 154 acres of coast redwoods and Douglas firs to make way for grapevines.
Credit Justin Sullivan / Getty Images
Coast redwood trees stand at Muir Woods National Monument in Mill Valley, Calif. Redwoods are the biggest trees on Earth by height — they can grow more than 350 feet tall. But their range is quite limited: They only grow along the coast of Northern California and southern Oregon.
Originally published on Fri October 18, 2013 4:18 pm
In the California wine mecca of Sonoma County, climate change is pitting redwood lovers against red wine lovers.
This Friday morning, a coalition of environmental groups are in a Santa Rosa, Calif., courtroom fighting to stop a Spanish-owned winery from leveling 154 acres of coast redwoods and Douglas firs to make way for grapevines.
Originally published on Fri October 18, 2013 1:56 pm
The crew of a U.S.-owned ship has been arrested at a port in India for allegedly trying to enter territorial waters illegally carrying what's been described as a "huge cache" of weapons.
The 35 crew members on MV Seaman Guard Ohio, owned by Washington, D.C.-based AdvanFort, were detained on Saturday by the Indian Coast Guard. The vessel is currently at anchor in the port of Tuticorin in the southeastern state of Tamil Nadu.
NPR's business news start with Google at an all-time high.
(SOUNDBITE OF MUSIC)
GREENE: The Internet giant shares soared to new heights this morning, topping $1,000 a share. Google reported better than expected third-quarter sales and profits, reporting a profit of nearly $3 billion during the third quarter, up nearly 40 percent from a year earlier.
It is now the fourth company trading on a major exchange to have a stock price of $1,000 or more. Transcript provided by NPR, Copyright NPR.
Originally published on Fri October 18, 2013 9:46 am
Now that the government has reopened, attention turns to the next phase of the spending fight, a battle that is far from over.
The bill that President Obama signed early Thursday provides only a temporary respite to the partisan tussles that have perennially plagued the budget process. The government stays open through Jan. 15 and the federal borrowing authority is safe until Feb. 7. After that, all bets are off.
AOL, an online company many had given up for dead, is making a comeback. It recently acquired Adap.TV, a company that automates the purchase of video ads. And in September, it topped Google in one category: it had the most video ads watched, with 3.7 billion views.
This is MORNING EDITION from NPR News. I'm Renee Montagne.
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And I'm David Greene. Good morning. Today marks the second day of relative normalcy following 16 days of government shutdown and the prospect of a U.S. default on its debts. A pivotal player in this drama was House Speaker John Boehner. He was portrayed alternately as a victim of Tea Party hardliners, as a figurehead haplessly stumbling through this crisis, or as a clever leader who had the ending figured out all along.
Two industries on opposite sides of the Atlantic this week were rocked by the same piece of news: Angela Ahrendts, the American who revived the fortunes of British fashion label Burberry - famous for its tartan rainwear - was hired away by Apple. Or, as one British paper put it: from Mackintoshes to Macs.
Everybody calls Treasury bills T-bills, and they work like this: The government promises to pay holders of T-bills a specific amount on a specific day in the near future. For the T-bill I bought, the government promised to pay $1,000 on Oct. 31.
I bought the T-bill on Tuesday, before Congress had made the debt-ceiling deal, so it was unclear whether I would get paid back on time.
Alan Greenspan was celebrated as a master of monetary policy during his long chairmanship of the Federal Reserve, from 1987 to 2006. But policies put in place during Greenspan's tenure have been blamed by some for the financial crisis that began shortly after he left, and the so-called Great Recession.
But at least one thing has long been certain: the Bureau of Labor Statistics will release its monthly jobs report at exactly 8:30 a.m. on a Friday.
Next week, Tuesday will feel like a Friday.
That's because late Thursday afternoon, the BLS updated its post-shutdown schedule for data releases. The new schedule shows that the long-delayed and much-anticipated September employment report will come out on Tuesday.