Drawn-out fights over spending bills are nothing new for Congress. But that's where the fights used to stay: in Congress. The rest of the country didn't have to pay much attention to countdown clocks and all this drama.
"In the '60s and '70s down until 1980, it was not taken that seriously at all," says Charles Tiefer, a former legal adviser to the House of Representatives, who now teaches at the University of Baltimore Law School. In the old days, he says, when lawmakers reached a budget stalemate, the federal workforce just went about its business.
Close to 19 million passengers come through Chicago's Midway Airport each year, and many will spend a lot of cash here — on food, drinks, books, gum, parking and rental cars — not to mention the landing fees and gate fees paid by airlines.
There are a lot of opportunities to make money in a bustling hub airport like this, and the city was hoping to cash in.
Once again, thanks for listening. This is ALL THINGS CONSIDERED from NPR West. I'm Arun Rath.
Today is the last day of Major League Baseball's regular season. The playoffs start Tuesday. And among the teams still vying for a spot in the World Series is the club with the fourth lowest payroll in the game.
(SOUNDBITE OF CHEERING)
UNIDENTIFIED MAN: The American League's Western Division title belongs to the Oakland Athletics.
The financial giant is also facing civil charges and fines that could cost it $11 billion. JPMorgan is negotiating with the Justice Department over the company's handling of mortgage-backed securities leading up to the housing crisis. Host Scott Simon talks with New York Times columnist Joe Nocera about the significance of the talks.
Originally published on Mon September 30, 2013 1:17 pm
Americans have a longstanding love affair with maple syrup. According to the USDA, production of the sticky stuff in the United States totaled 3.25 million gallons this year. However, it isn't the only tree syrup that's available to drizzle on your short stack or sweeten your latte.
In Florida, Louisiana, New York and other coastal states, many homeowners are in shock at new flood insurance rates that are rapidly approaching. After Hurricanes Katrina and Sandy left the National Flood Insurance Program $24 billion in the red, Congress revamped the program--phasing out subsidies. One group especially upset are new homeowners--people who bought a property and are now seeing their flood insurance costs skyrocket, making the property no longer affordable.
From NPR News, this is ALL THINGS CONSIDERED. I'm Robert Siegel. There was once a time when naming a new Federal Reserve chairman was a non-event. Well, not this time. The competition between supporters for former Treasury secretary Larry Summers and the current vice chairman of the Fed, Janet Yellen has been a highly public affair.
As NPR's John Ydstie reports, there's concern that the high profile discussion could politicize the Fed succession in a way that could ultimately hurt the economy.
Originally published on Fri September 27, 2013 2:17 pm
A Danish shipping company announced Friday the first-ever voyage of a large commercial freighter through the Northwest Passage — a journey made possible by the disappearance of Arctic ice due to global warming.
This may be premature, but it is best to think of this post as an obituary for the BlackBerry, a phone struck down seemingly in its prime. Gone so soon.
BB, we'll miss you.
Over the course of its existence, BlackBerry sold smartphones to more than 200 million people. It became ubiquitous in places like Indonesia, but it began with an invasion of Wall Street and Washington.
An electric wire factory in western Georgia is staffed almost entirely by teenagers. They are there because of a partnership between a local company, Southwire, and the Carroll County school system. They teamed up six years ago to try to reduce the high school dropout rate.
Even as the potential government shutdown drama remains unresolved, House Republican leaders are moving on to the next deadline: the debt ceiling. Economists say defaulting on payments could be catastrophic, but many House Republicans believe the debt ceiling is the best place to take a stand. Some even say the risk of default really isn't all that bad.
A perfect storm of sorts is leading some Western energy companies to step back from investments and operations in the Middle East. Companies see increased risk in the region because of the turmoil and violence following the Arab Spring. And, advances in technology have made it easier to produce oil in North America.
Originally published on Thu September 26, 2013 6:29 pm
Fast-food giant McDonald's has made a commitment to stop marketing sodas as a beverage option in kids' Happy Meals.
Instead, the chain has committed to market and promote only milk, water and juice with the children's meals.
Now, if parents order a Coke or Sprite with their child's Happy Meal, they won't be turned down. But sodas will no longer be marketed or promoted visually in any of McDonald's advertisements or in-store visuals.
From NPR News, this is ALL THINGS CONSIDERED. I'm Robert Siegel.
Most of the people who work in the auto industry don't work for car companies. Instead, they're involved with making the parts that go into the cars. It's a global network that manufactures everything from seatbelts to radiators. Well, now it's caught up in a widening federal investigation into price fixing.
NPR's Jim Zarroli reports the Justice Department said today nine Japanese companies have pleaded guilty to collusion.
Originally published on Thu September 26, 2013 12:16 pm
This morning, I griped about the acc, our newly coined name for the practice of copying a third party on an existing email chain to undermine or pull rank on the original recipient. (The A can stand for angry, awkward, annoying ... or other A-words you might be thinking of ...)
Originally published on Thu September 26, 2013 10:40 am
The remains of two people, presumed to be a missing passenger and crew member from the ill-fated Costa Concordia, have been located by divers near the site of the wrecked cruise liner that was righted last week in a dramatic salvage operation off the Italian coast.
A middle school jab goes something like this: "We're having an A-B conversation, so you can C your way out." I bring this up because there's a workplace parallel to this that doesn't seem to have a name. It's when you're having an A-B email conversation and one party suddenly copies your boss, manager or someone more senior, in order to get an advantage in the discussion at hand.
The Republican Party in the past has had a close relationship with Wall Street and big business. But lately there's growing tension and disagreement as some Republicans in Congress consider a possible government shutdown. The Tea Party seems to have the strongest criticism of big business.
JP Morgan Chase is negotiating an $11 billion settlement, according to The Wall Street Journal. The firm would pay $7 billion in cash to regulators and $4 billion to consumers. JPMorgan is one of several large banks being investigated for its handling of mortgage-backed securities in the years leading up to the housing crisis.
Fans of the band Nirvana can own a little slice of the band's history. In Aberdeen, Wash., the late singer's mother is selling the bungalow Kurt Cobain grew up in. The property is assessed at $67,000 but listed as $500,000.
Fifteen percent of Americans don't use the Internet, according to a survey by the Pew Research Center. Most of these "offline adults" are 65 years old or older, many live in rural areas and have incomes lower than $30,000 a year.
Originally published on Thu September 26, 2013 3:31 am
Three former employees at the London-based brokerage have been charged by the Justice Department with participating in a criminal scheme to rig an interest rate that anchors the world's financial system. It's alleged that the three brokers from ICAP colluded with a trader at Swiss bank UBS.