The International Herald Tribune is about to change its name. In these difficult days for print journalism, fans of the Paris-based English newspaper are grateful that it's still being published. But the change is prompting a good bit of nostalgia.
The U.S. and its Western allies have not been able to win the nuclear concessions they have sought from Iran. But they have been able to inflict considerable economic pain through sanctions.
But now, Iran's call for a nuclear agreement and an end to sanctions has raised hopes among Iranians that better economic times may be ahead. The Iranian currency has stabilized somewhat since the election of President Hassan Rouhani, although inflation and unemployment remain high.
Fifteen years after tobacco companies agreed to pay billions of dollars in fines in what is still the largest civil litigation settlement in U.S. history, it's unclear how state governments are using much of that money.
So far tobacco companies have paid more than $100 billion to state governments as part of the 25-year, $246 billion settlement.
It's ALL THINGS CONSIDERED from NPR West. I'm Arun Rath.
Let's talk chili peppers. It's harvest time in New Mexico where the iconic crop has been grown for centuries. New Mexico still produces more chili peppers than any other American state. But production in the U.S. is a fraction of what's produced in India and China, countries with large pools of labor.
NPR's Ted Robbins reports that farmers in New Mexico could increase their harvest if they had the people to do it.
Originally published on Sun October 13, 2013 1:27 pm
While a few gamblers bet real money on potential Nobel Prize winners, at Planet Money we're content to merely speculate. We're particularly interested in who might win the economics prize, which will be announced Monday morning.
Zanny Minton Beddoes, the economics editor for The Economist, argues that the stalled budget negotiations and the government shutdown have already harmed U.S. standing in the world. She explains her position to host Arun Rath.
The handling of an oil spill in North Dakota is raising questions, after a state agency waited to tell the public it had taken place. A wheat farmer was the first to recognize the spill had happened; it became public knowledge nearly two weeks later.
Here's how the AP describes the spill's discovery:
"Farmer Steve Jensen says he smelled the crude for days before the tires on his combines were coated in it. At the apparent break in the Tesoro Corp.'s underground pipeline, the oil was 'spewing and bubbling 6 inches high,' he said in a telephone interview Thursday."
Originally published on Sat October 12, 2013 9:19 am
When you invite guests over, you probably straighten up the house to make a good impression.
This week, the nation's capital is welcoming guests from all over the world. Thousands of finance ministers, central bankers, scholars and industry leaders are in Washington, D.C., for the annual meetings of the International Monetary Fund and World Bank.
Today, a rare quarterly loss for the nation's biggest bank, JP Morgan Chase. As NPR's Dan Bobkoff reports, the bank is spending billions of dollars on litigation.
DAN BOBKOFF, BYLINE: It's not in JP Morgan Chase's nature to lose money. They made profits all through the financial crisis, bolstering both the reputations of the bank and its CEO Jamie Dimon. So a $380 million loss last quarter is noteworthy.
JAMES DIMON: It's very painful, OK, for me personally.
Originally published on Fri October 11, 2013 6:16 pm
"This is a godsend!" exclaimed Utah Gov. Gary Herbert late Thursday night, as he signed an agreement with the Department of the Interior to use state funds to reopen eight national park areas in his state for at least 10 days.
The Republican governor wasted no time in wiring $1.67 million to Washington overnight so that some of the areas can open as early as today. Rangers and other National Park Service employees will staff the parks as usual.
According to a recent study, more than half of the Mississippians who file for bankruptcy do so because they cannot pay their medical bills. Clarion Ledger reporter Jerry Mitchell tells host Michel Martin what's causing such devastating costs.
Originally published on Fri October 11, 2013 4:34 pm
We're all guilty of it. Even if we don't want to admit it, we've all been suckered into grabbing a bottle of wine off the grocery store shelf just because of what's on the label. Seriously, who can resist the "see no evil" monkeys on a bottle of Pinot Evil?
But the tricks that get us to buy a $9 bottle of chardonnay — or splurge on a $40 pinot noir — are way more sophisticated than putting a clever monkey on the front.
Originally published on Fri October 11, 2013 7:05 am
Happy Friday, fellow political junkies. It's the 11th day of the partial federal government shutdown, 2013 edition.
President Obama and House Republicans at least opened a line of communications before the second week of the shutdown ended, so that was good news.
Less positive was that it came only a week before the Oct. 17 expiration date Treasury Secretary Jack Lew gave for when he would run out of tricks to keep the U.S. government from defaulting on its obligations.
It's MORNING EDITION from NPR News. I'm Steve Inskeep.
RENEE MONTAGNE, HOST:
And I'm Renee Montagne.
Let's check in now on some people and places affected by the large-scale federal government shutdown. We go first to Boulder, Colorado. Its home to hundreds of federal research laboratory employees and thousands more university and contract workers, all locked out of federal buildings and labs during the budget impasse.
And here's something a little easier to understand. At least one national industrial park has remained open throughout the partial government shutdown. Our last word in business today is: Paterson Great Falls National Historic Park.
STEVE INSKEEP, HOST:
Now in theory, this park should be closed, like other parks, but the National Park Service has not completed the deal to acquire the land yet, so it remains open under local care of the city of Paterson, New Jersey.
JEFFREY HESS, BYLINE: I'm Jeffrey Hess in Jackson, Mississippi which is one of the 34 states letting the federal government take the lead in establishing a health insurance exchange. Heavy web traffic and software problems have made it nearly impossible to use the new web site since it opened last week.
MEREDITH STARK: Why I keep trying is because this is something we need.
Let's hear, next, about investors who try to diversify their portfolios but may have only enriched their advisers. Some brokers and firms have been encouraging customers to invest in managed futures. Those are basically investments in futures contracts, such as gold, or global currencies or pork bellies. They are sold as a way to minimize risk.
David Evans of Bloomberg says, in reality, they've been a bad deal.
Grand Canyon National Park is closed for the government shutdown, but tourists determined to see it can take in views from reservation land. The Hualapai Tribe owns Grand Canyon West, where visitors can venture onto a Plexiglas horseshoe walkway that stretches out over the chasm below.
On the east side of the Grand Canyon, visitors are flocking to the Navajo Nation, where Nita Rodriguez gives a tour.
Originally published on Tue October 15, 2013 1:17 pm
Most Americans don't get the 4 to 6.5 cups of fruits and vegetables we're supposed to consume every day, per government guidelines. But companies that make juice, especially high-end, "fresh" juice, are ready to come to our rescue.
Originally published on Thu October 10, 2013 3:12 pm
Fast-food giant McDonald's is set to become a publishing giant as well — at least temporarily. For two weeks next month, McDonald's says it will oust the toys that usually come in its Happy Meals and replace them with books it has published itself.
Originally published on Thu October 10, 2013 12:28 pm
An estimated 7 million people have been shut out at 12 of the busiest and biggest U.S. national parks, costing parks and nearby communities about $76 million in lost visitor spending for each day the partial government shutdown drags on.
Originally published on Fri October 11, 2013 9:17 am
Update: Friday, Oct. 11, 2013:
At 9:00 pm Thursday night, the USDA told us that Foster Farms had submitted and implemented immediate changes to their slaughter and processing systems to allow for continued operation.
"FSIS inspectors will verify that these changes are being implemented in a continuous and ongoing basis," Aaron Lavallee of USDA's FSIS told us. Additionally, to ensure that the Salmonella Heidelberg has been controlled, the agency says it will continue intensified sampling at Foster Farms facilities for at least the next 90 days.
Originally published on Thu October 10, 2013 5:48 pm
This post was last updated at 7:19 p.m. ET.
After an hour-long meeting with President Obama, Republicans said they have agreed to keep talking, in hopes of bridging a gulf that has already led to a government shutdown and is threatening the first default in U.S. history.