The U.S. economy remains in a gray area, so it's no wonder that the presidential race is essentially tied.
Gross domestic product grew at a 2 percent annual rate between June and September, according to figures out Friday. The White House says this means the economy has been growing for 13 straight quarters.
One of London's defining features is the black hackney cab. Along with the city's red double-decker buses, those shiny black cabs are moving London landmarks. But the company that makes them is in trouble.
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Unable to pay its debts, the company this week went into what's called there, Administration. Harry Harris has been driving a London cab for 25 years, but he's not too broken up about this.
An oil boom is under way in the United States. Since 2008 domestic oil production has increased dramatically, reversing what was a nearly three-decade decline. That has some predicting the U.S. could overtake Saudi Arabia as the world's largest petroleum producer in coming years.
Rajat Gupta, a man who operated at the top levels of American business, was sentenced to two years in prison on Wednesday. He was convicted of insider trading in a case that grew out of the prosecution of hedge fund manager Raj Rajaratnam, who is now in prison.
Originally published on Wed October 24, 2012 4:23 pm
In coming months, Congress will begin an epic struggle to get the federal budget deficit under control. One tax break almost certain to come into play is the mortgage interest deduction.
Both President Obama and his Republican rival, Mitt Romney, have suggested ways to scale back the deduction's value for wealthy taxpayers. And many economists are cheering them on, saying that now — when interest rates are low — would be a great time to reduce or even phase out the deduction.
Originally published on Wed October 24, 2012 9:10 am
A startling new report finds freshly graduated college women will likely face this hurdle when entering the work world: they're worth less than equally educated men.
The American Association of University Women is releasing a new study that shows when men and women attend the same kind of college, pick the same major and accept the same kind of job, on average, the woman will still earn 82 cents to every dollar that a man earns.
OK. Let's talk a little more about a small screen. Of course, Apple has dominated the tablet computer market with its iPad. The company says it's sold 100 million of them, but it's had some competition from smaller rivals - smaller screens, that is. Amazon's Kindle and Google's Nexus can easily fit in a purse, or even a jacket pocket. So, as expected, yesterday, Apple introduced a smaller version of the iPad - bigger than an iPhone, smaller than the iPad, the iPad Mini. NPR's Laura Sydell reports.
Thanks to the success of the Lord of the Rings film trilogy, lots of people now know about the indulgent eating habits of Hobbits. And as the Lord of the Rings prequel movie, The Hobbit, comes out in December, restaurants that think they see some kindred spirits among their customers are serving up special menus.
There's a palpable anxiety in mountain resort towns this fall. After last season's abysmal skiing and snowboarding revenues, these towns are counting on heavy snow this year to make up for the loss. Now, analysts say without early snow, resorts may suffer a "hangover" from last year's disappointment. Luke Runyon reports for Aspen Public Radio.
Facebook beat analysts' expectations, posting solid sales in the third quarter Tuesday. Most important to the company's future, 14 percent of its revenues came from mobile advertising. Chief executive Mark Zuckerberg said he wants to "dispel the myth that Facebook can't make money from mobile." Still, Facebook's mobile partner, game maker Zynga, is in trouble and announced it is laying off 5 percent of its workforce.
Before Steve Silverman helped Google build its new Trekker, he built cameras for NASA to photograph the surface of Mars. Silverman says the Trekker is built to survive in intense conditions. It will boot up at 10 below zero Celsius or at 110 Fahrenheit. It will even work after being fully submerged in water.
Credit Steve Henn / NPR
The Google Trekker team hikes down the Bright Angel trail heading toward the base of the Grand Canyon.
Credit Steve Henn / NPR
Google's Craig Robinson and James Hoffacker prepare to hike into the Grand Canyon. Robinson is wearing the new Google Trekker — a Street View camera mounted to a backpack. The Trekker's two lithium ion batteries can last eight hours and power 15 cameras. The pack — designed and built by Google — weighs 40 pounds.
Google's Street View maps are headed into the backcountry. Earlier this week, two teams from Google strapped on sophisticated backpacks jammed with cameras, gyroscopes and other gadgets, and descended to the bottom of the Grand Canyon. But this is just the first step in the search giant's plan to digitally map and photograph the world's wild places.
Luc Vincent — who runs Google's Street View — met up with a small group of reporters on the South Rim of the Grand Canyon this week.
Apple has unveiled a smaller, cheaper version of its popular iPad tablet. NPR's Laura Sydell attended the event Tuesday in San Jose, Calif., and got a hands-on look at the new iPad mini. Below are her first impressions.
This is ALL THINGS CONSIDERED from NPR News. I'm Melissa Block.
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And I'm Audie Cornish. Now, some business news. This past Friday and again today, the Dow Jones industrial average fell more than 200 points. The drop occurred after several big U.S. companies turned in disappointing results. NPR's Jim Zarroli explains.
A positive message today from Apple executives in Silicon Valley. They took to a stage to introduce a new slate of product that will ship in time for the holiday season. The main attraction, as expected, was a smaller tablet called the iPad mini. NPR's technology correspondent Steve Henn was at the event.
Originally published on Wed October 24, 2012 8:00 am
Austerity measures continue in Greece as the country sinks deeper into a recession. Incomes have dropped nearly 50 percent in some cases, but food prices are at record highs. The Greek newspaper Ekathimerini recently reported that the country has some of the most expensive food and the costliest dairy products in the entire European Union.
And now to matters of personal finance. As we head to the last lap of the election, you might be getting familiar by now with some of the issues being talked about over and over again by the candidates.
Originally published on Wed October 24, 2012 2:19 pm
What's the lowly house fly got to do with the $60 billion fish farming industry?
Quite a lot, says Jason Drew, a jet-setting British entrepreneur who is so enthusiastic about the potential of flies, he's just written a book called The Story of the Fly and How It Could Save the World. He thinks flies can solve one of aquaculture's most vexing issues: what to feed the growing ranks of farmed fish.
A new regulation in Greece is requiring supermarkets to label and reduce prices of nonperishable food sold after the recommended day of consumption. The government says such goods have been sold since 1989, but at the same price as nonexpired perishable goods. Now, supermarkets must set the goods aside on a separate shelf and mark the price down. Are Greeks welcoming the change or suspicious about lax regulation?
The most popular kids in high school go on to earn higher wages than the least popular — as much as 10 percent 40 years after graduation, according to a new study published by the National Bureau of Economic Research. Researchers say students with better social skills do better when they enter the workplace.