Originally published on Wed December 12, 2012 5:42 am
Dave Sobelman was looking for publicity for his pub in Milwaukee. He announced a new drink. It's a Bloody Mary with celery, pickled asparagus, picked onions, shrimp, a chunk of cheese, a piece of Polish sausage and a cheeseburger slider. It sells for $9. It also comes with a chaser of beer.
New York Governor Andrew Cuomo promised to hold the Long Island Power Authority accountable for its performance after Superstorm Sandy. He appointed a special commission to look at how the utility performed. The commission had a meeting Tuesday night on Long Island, where thousands lost power, in some cases for weeks.
Originally published on Wed December 12, 2012 5:36 am
Greece's government says it will buy back nearly 32 billion euros of its bonds — that means the country would be erasing nearly $40 billion worth of debt. The country's private-sector creditor agreed to sell off the bonds, though at sharply discounted prices. Getting rid of this chunk of debt should allow Greece to get more money from the International Monetary Fund.
Originally published on Wed December 12, 2012 5:20 am
Morning Edition continues with the latest installment of its series: The Twelve Days of Deductions. It's a nod to the many deductions, credits and other tax breaks that political leaders are weighing as they continue their negotiations to avoid the "fiscal cliff."
Originally published on Wed December 12, 2012 5:07 am
Federal Reserve officials were meeting this week to decide how much more credit to pump into the U.S. economy. To find out what they're likely to do — and why — Renee Montagne talks to David Wessel, economics editor of The Wall Street Journal.
More now on the HSBC case and, more broadly, on what banks are obliged to do and what HSBC did not do. Jimmy Gurule is a professor of law at Notre Dame University law school, used to be undersecretary for enforcement at the Department of the Treasury. Welcome to the program.
JIM GURULE: Thank you.
SIEGEL: And first, someone makes a big deposit at a big bank. What must the bank do and what must it know about that deposit?
Now to one of the big sticking points in Washington these days. Much of the debate over impending tax hikes and budget cuts centers on the tax rate for top earners. President Obama argues the tax rate for income over $250,000 a year should be allowed to go up. Republicans say there should be no change in tax rates. When Democrats talk about raising taxes on the wealthy, Republicans hear it as raising taxes on small businesses and killing jobs.
Well, NPR's S.V. Date has been exploring that argument.
From NPR News, this is ALL THINGS CONSIDERED. I'm Robert Siegel.
AUDIE CORNISH, HOST:
And I'm Audie Cornish. It is the biggest penalty ever paid by a bank to the U.S. government. HSBC, a British company, will hand over $1.9 billion to settle a money laundering case. The Justice Department says HSBC violated the bank secrecy act and the trading with the enemy act by doing business with the likes of Iran.
This is TALK OF THE NATION. I'm Neal Conan in Washington.
(SOUNDBITE OF PROTEST)
CONAN: That was the scene this morning outside the Michigan statehouse in Lansing as activists protested the legislature's work on two bills to rewrite the state's labor laws and make Michigan the 24th state in the country to become a right to work state. Rick Pluta, the managing editor and statehouse bureau chief for Michigan Public Radio Network, joins us now by phone from the statehouse. Nice to have you on the program today.
This is TELL ME MORE, from NPR News. I'm Michel Martin. The latest unemployment numbers are out and while things are getting slightly better overall, younger people who want to work are still having a very tough time. We reached out to an economist who says apprenticeships might offer one way to offer more opportunity to the younger trying to get into the world of work. We'll talk more about that in just a few minutes.
Now we'd like to talk about those new unemployment numbers. Last week, we learned that the national unemployment rate has dropped to 7.7 percent. That's the lowest level in four years. But the cheering hasn't started for one group of people, the youngest workers, or would-be workers.
I'm Michel Martin, and this is TELL ME MORE, from NPR News. Later in the program, you might think of apprenticeships as something out of the era of blacksmithing and barrel-making, but our next guest says it's time for this type of employment to make a comeback.
As we head into the holiday season, political leaders are un-merrily locked in a battle over how to cut federal spending and raise revenue - and this could mean meddling with tax deductions that many Americans hold dear.
RENEE MONTAGNE, HOST:
So this week and next, we're taking a closer look at individual deductions and tax credits that might be on the chopping block.
A new report out this morning finds women are still not making much progress moving up the corporate ladder. Only a small number of senior executives at Fortune 500 companies are women, and the nonprofit group Catalyst shows the number has not changed much in years. NPR's Wendy Kaufman reports.
Detroit officials face a tough vote Tuesday as they try to keep their city from going over its own "fiscal cliff." If the mayor and City Council cannot agree on a plan to reduce the city's budget deficit, state officials are poised to take away their power and assume total control over Detroit's finances.
It's been a continuing vicious cycle: Detroit's population exodus, lost tax revenue and chronic mismanagement have left the city burning through cash to the point where the state of Michigan has to provide funding to help the city meet payroll for the next few months.
Update at 7 a.m. ET, Dec. 11. Settlement Announced:
Saying that "we accept responsibility for our past mistakes," the chief executive of Britain's HSBC has confirmed that the banking giant will pay a record $1.9 billion to settle charges related to a money laundering scheme in the U.S.
The women's shoe department at Nordstrom's flagship store in Seattle is bustling. Shoppers are trying on everything from stilettos to rain boots — and when they're ready to buy, they can pay up right where they are.
The sales associate simply whips out a modified iPod Touch and scans the shoe box's bar code. The handheld device contains a credit card reader, too, so the customer can just hand over the plastic and sign with a fingertip. There's no trek to the cash register and no line to wait in.
This is TELL ME MORE from NPR News. I'm Michel Martin. Coming up, we'll hear about elections in Ghana. We'll talk about whether the election of President John Dramani Mahama to a new term confirms the country's reputation for leadership in democratic processes, or perhaps undermines it. That's later.
We want to turn now from Ghana to Nigeria, where there is disturbing news. The mother of Nigeria's finance minister, Ngozi Okonjo-Iweala, was kidnapped this weekend. Police say they've launched a massive search to find her.
A year and a half ago, recession-ravaged Spanish society reacted to the economic crisis with the "Indignados," a mass protest that inspired the worldwide "Occupy" movement.
The "angry ones" are long gone from Spanish streets, but they've evolved into many grass-roots associations now filling the gaps left by the eroding welfare state, spawning a new form of anti-austerity resistance that embraces all branches of society, from those who have lost homes to foreclosures, to the entire judiciary.
Originally published on Thu December 13, 2012 6:42 am
Smartphone users have a wide range of apps to choose from if they're looking to dine ethically. There are apps that advise which supermarkets have good environmental records and apps that keep tabs on restaurants and markets offering sustainable seafood.
It's been years since Apple computers were made in this country, but last week, the company's CEO, Tim Cook, announced that was about to change. He said Apple is spending about $100 million to begin manufacturing a line of Macs in the U.S. NPR's Steven Henn reports it's a tiny investment for Apple, but it could be the beginning of a trend by makers of other products.
Originally published on Mon December 10, 2012 5:28 am
In an announcement made Sunday night, Yahoo and NBC Sports are combining their offerings online and on TV. This means NBC will have a larger sports presence on the web and for Yahoo, it means access to NBC's video and live sports coverage.