Japan Airlines stunned the aviation world today by announcing that for the first time in the company's history, it will buy new wide-bodied jets from Airbus, the European aircraft manufacturer. The deal is worth billions and it's a big setback for Boeing, which has long dominated the Japanese aviation market. NPR's David Schaper reports.
DAVID SCHAPER, BYLINE: Airbus president and CEO Fabrice Bregier was positively beaming in Tokyo this morning in an interview with financial network CNBC.
Originally published on Mon October 7, 2013 3:56 pm
China — which holds nearly $1.3 trillion in U.S. securities (pdf) — is asking the U.S. to get its finances in order and not allow a political stalemate to cause the country to default on its obligations for the first time in history.
The United States is expected to run out of money by Oct. 17, so the Treasury needs Congress to extend its credit limit before then. As has happened before, the House and Senate are at odds and the prospects of a compromise look shaky.
The airline's president, Yoshiharu Ueki, said the order was unrelated to Boeing's problems with the 787, but the huge order is seen as a major coup for the Toulouse, France-based manufacturer at the expense of its American rival.
The Federal Reserve estimates that up to two-thirds of all U.S. C -notes are circulating abroad at any given time. The bill is also the most counterfeited. Federal officials are confident the new bill will be much harder to fake.
Leaders of Asia-Pacific countries are wrapping up an economic summit in Indonesia. Much of the talk in the region over the weekend focused on the event's big no show: President Obama. Because of the partial government shutdown in the U.S., the president decided to stay at home and monitor developments.
Japan Airlines has announced it's ordering 31 wide-body jets from Europe's major airplane manufacturer. It's a deal worth $9.5 billion. It's a huge sale for Airbus and a big blow for America's Boeing, which for decades has dominated sales to Japanese airlines.
It's always a bit sad to say goodbye to summer corn and tomatoes, and settle into fall.
There are consolations, though — like the new crop of pears. Over 80 percent of America's fresh pears are grown in the Pacific Northwest, and this year's harvest is slated to be one of the biggest on record.
But some of the fruit is rotting in the orchards because there aren't enough workers to pick them.
Over the last year of so, Tesla motors has received some really good press. But this past week, it's been knocked off its pedestal.
"We're a country that likes to put things up on pedestals and then tear them down from pedestals. We do that with people, I think we do that with things," says Jack Nerad, an analyst with Kelley Blue Book.
It's chile season in New Mexico, where they take their chiles pretty seriously.
Indeed, the chile is the official state vegetable, so it's probably best to not mention it is actually a fruit. No matter what it is, the fall harvest is on, and that means it's time to fire up the grills.
Green chiles roasting over a hot gas flame give off a smoky, sweet, pungent perfume.
That smell is part of what has drawn customers like Lorenzo and Peggy Lucero to the Diaz farm in Deming, in southwest New Mexico, for the past 30 years.
If you're just joining us, it's ALL THINGS CONSIDERED from NPR West. I'm Arun Rath.
JPMorgan is one of the world's largest financial institutions. And now there are reports that JP may face the largest bank fine in American history. Bank regulators are in negotiations with JPMorgan over allegations involving bad mortgages. It's just the latest in a string of legal troubles for JPMorgan.
Originally published on Sat October 5, 2013 1:32 pm
Pirate Joe's, the grocery store that made waves — and attracted a lawsuit — for selling Trader Joe's items in Canada, has won a battle in its legal fight with the supermarket chain. A U.S. district court judge has granted the Vancouver store's motion to dismiss a trademark infringement lawsuit.
After the lawsuit was filed, Pirate Joe's took on the name _Irate Joe's. The store's owner, Mike Hallatt, says he began his enterprise on a small scale last year, driving groceries across the border from Washington State to Vancouver. Trader Joe's does not operate any stores in Canada.
I'm walking through Times Square, the crossroads of the world. Just when I reach the line for cheap Broadway tickets, I see it: a giant billboard with the word "capitalism" in bright white lights and the words "works for me!" in cursive below. There's a podium and two buttons where you can vote whether the statement is "true" or "false."
Peggy Demitrack, a tourist from Cleveland, is adamant when she pushes the "true" button. She says capitalism works for anyone who strives and educates themselves.
For many people, says Michael Tanner, it pays not to work. People on welfare — that's everything from food stamps to Medicaid to heating assistance — can make more in 35 states than they would if they had a minimum wage job, according to Tanner.
Thanks to the federal government's partial shutdown, the Bureau of Labor Statistics skipped its monthly Big Reveal at 8:30 a.m. Friday.
There was no September employment report.
Without access to the BLS numbers, data junkies were left to scrounge around for lesser reports. Maybe if they could suck in enough small hits of other statistics, they could feel that old familiar rush?
After years of discrimination from the U.S. Department of Agriculture, black farmers are now getting a $1.25 billion settlement. Founder and president of the National Black Farmers Association John Boyd tells host Michel Martin what this settlement means for farmers and their families.
This is TELL ME MORE from NPR News. I'm Michel Martin. After decades of litigation, checks are going out this week to thousands of black farmers who - lawmakers eventually agreed - faced discrimination by the U.S. Department of Agriculture. We'll speak with one of the people who helped lead the fight for years, even though he will not personally benefit. That's in just a few minutes.
Originally published on Fri October 4, 2013 7:16 am
Happy Friday, fellow political junkies. Of course, it's hard to be happy if you're one of the more than two million federal workers either furloughed or working without pay, or one of the millions of other Americans whose lives are disrupted by official Washington's dysfunction. It's Day Four of the federal government shutdown, 2013 edition. And an end to the disagreement still doesn't seem in the offing.
On that grim note, here are some items of political interest worth mulling over this morning.
And all of that happened yesterday in what has been a charged week at the Capitol. Republicans in the House stuck to their demands to defund the Affordable Care Act and parts of the government remain shut down.
Across the U.S., many part-time workers have joined the millions shopping for coverage in the new health care marketplace. Some are uninsured. Others are being pushed into the new exchanges because their employers — companies that include Trader Joe's and Home Depot — decided to drop coverage for part-timers.
Twitter gave potential investors the first peek at its financials as the company heads toward its initial public offering. Twitter plans to raise $1 billion in its IPO and will trade under the ticker symbol TWTR. While Twitter has quickly transformed the way people communicate and comment on events, it has yet to establish itself as a business.
NPR's business news begins with no new jobs report.
The Labor Department says it's not releasing the September employment report today as scheduled. The jobs report is almost always released on the first Friday of the month. Not this time. That's thanks to the shutdown, which is in its fourth day.
One of pro basketball's most colorful figures is not on the court, but he's now in court. Mark Cuban, the billionaire owner of the Dallas Mavericks, defended himself yesterday on civil charges of insider trading.
From member station KERA in Dallas, BJ Austin reports.
And today's last word in business: beer and a shot of vegan?
Munich's Oktoberfest - the Bavarian festival of beer - ends on Sunday. It normally brings in over $1 billion and draws some six million visitors to the German city.
RENEE MONTAGNE, HOST:
Lots of bratwurst and chicken and of course beer get consumed. This year, festival goers have been treated to something else, thanks to the Lorenz Huckett(ph), a 21-year-old cook who took time from working in the kitchen of his father's festival tent to talk to us.