Six months after Hurricane Sandy, hundreds of low-income New Yorkers are facing homelessness. They've been living in subsidized hotel rooms since the storm, but that funding is about to run out. Advocates say there isn't enough public and low-income housing to accommodate them all.
One place American moviemakers are pushing to get into is China, which is why it's a big deal that the first summer blockbuster, "Iron Man 3" will hit theaters in China this Friday, the very same day it opens here at home. Hollywood studios covet a same-day release in China. The Chinese government allows just 34 foreign films into their country each year, at a time when Hollywood is under increasing pressure to break into China's fast-growing movie market, which is now the world's second-largest.
The Atlantic Coast of the U.S. took an economic hit six months ago from Hurricane Sandy. It left behind damaged businesses, homes and hundreds of thousands of waterlogged vehicles.
NPR's Sonari Glinton reports that it's still affecting the auto industry.
SONARI GLINTON, BYLINE: Much of the physical damage of Sandy has been cleaned up, but if you didn't live in the storm's path, it's hard to contemplate the scope of destruction - especially when it comes to cars.
Across the country, state budgets are back in the black after years of belt-tightening and spending cuts. From California to Florida, in nearly every state, the economic recovery has produced a surge in tax revenue.
For governors and state legislators, that's produced a new question: how to spend the money.
The past three years have not been easy ones for elected officials. Nearly every state requires them to produce a balanced budget. And with declining revenue from sales, property and income taxes, that has meant big spending cuts.
Roughly one in four cellphone towers in the path of Hurricane Sandy went out of service. It was a frustrating and potentially dangerous experience for customers without a landline to fall back on. Now, local officials and communications experts are pushing providers to improve their performance during natural disasters.
Lori McCaskill lives in Brooklyn, and when Sandy hit last October, her Verizon cell service went out. She couldn't work. She couldn't check in with family and friends. Her sister was due to have a baby any day.
Sarah Allen has been the only woman on a team of computer programmers a few times in the more than two decades she has worked in the field. Most notably, she led the team — as the lone female programmer — that created Flash video, the dominant technology for streaming video on the Web.
Colorado responded to the mass shootings in Aurora, Colo., and Newtown, Conn., by passing new gun control measures last month. That's not sitting well with several gun-related businesses in the Centennial State, where four companies have announced plans to relocate all or some of their operations.
Less than a week after mandatory furloughs began that idled as much as 10 percent of U.S. air traffic controllers, the Federal Aviation Administration has ended its furlough program. The move comes after Congress voted to let the FAA move money around in its budget — a quick response that came after several days of travel delays that were either caused by or worsened by the furloughs.
In a statement released Saturday, the FAA said that it is suspending furloughs for all its employees.
People walk and eat along Boylston Street, near the site of the Boston Marathon bombings, on Wednesday. Businesses in the area have reported strong customer support; they also have an option for federal loans to help them cope with losses.
Originally published on Sat April 27, 2013 3:55 pm
Faced with sharp financial losses stemming from the Boston Marathon bombing attack and the days of forced closure that followed, businesses in the affected Copley Square area can apply for federal help, the Small Business Administration announced Friday.
The news comes as people continue to flock to Boylston Street, to pay their respects to victims of the April 15 attacks and to support stores and restaurants that were open for the first Saturday since the bombings and the ensuing manhunt.
The 2012 election was the most expensive in history, but there remain some gaping holes in our knowledge about who paid for what. The Securities and Exchange Commission is considering a proposal to add more transparency in future elections, but it won't happen without a fight.
Originally published on Sat April 27, 2013 1:21 pm
The bidding hasn't closed yet, but a charity auction of a cup of coffee shared with Apple CEO Tim Cook has already attracted offers of more than $600,000 — more than 10 times its estimated value of $50,000. Cook is one of several celebrities taking part in the auction, which benefits the Robert F. Kennedy Center for Justice and Human Rights.
The coffee klatch, currently valued at $605,000, will take place at Apple's headquarters in Cupertino, Calif. And the price may rise even higher — the auction closes on Tues., May 14.
Businesses around Copley Square are hoping the Boston Marathon bombings won't be officially declared an act of terrorism. That's because they stand to lose insurance money. Many have business interruption insurance to pay for lost income — but that doesn't apply to terrorism and few businesses pay extra to cover it.
Audie Cornish talks with Jeff Miller a corn and soybean farmer in Lewiston, Ill., near Peoria, about the flooding in the Midwest that's come on the heels of a historic drought. Miller's farm, located right along the Illinois and Spooner Rivers, is already partially flooded, preventing him from planting corn so far this spring.
Travelers stand in line at Los Angeles International Airport on Monday. Congress moved quickly this week to give the Federal Aviation Administration flexibility to end air traffic controller furloughs that resulted in flight delays at several airports.
The U.S. Congress — a body not exactly known for its swift feet — raced Friday to complete legislation to help travelers avoid delays at airports.
The House voted 361-41 to approve legislation that the Senate passed without objection late Thursday. The bill gives the Federal Aviation Administration more spending flexibility to cut its budget while avoiding furloughs of air traffic controllers.
A construction site in San Mateo, Calif., earlier this month. There were 738 deaths of construction workers in the U.S. during 2011, the most of any single industry. The fatality rate per workers was higher, when taken together, in agriculture, forestry, fishing and hunting
Accelerating economic growth is at the top of NPR's business news.
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INSKEEP: U.S. economic growth regained speed in the first quarter of this year, although not as much as economists had hoped. The Gross Domestic Product grew at an annual rate of 2.5 percent. Consumer spending is up and home construction rose, but government spending fell and tax increases, as well as federal budget cuts, are expected to slow economic growth later in the year. Transcript provided by NPR, Copyright NPR.
That's modest growth, and was below the 3.2 percent pace economists had expected to hear about. But growth was up substantially from fourth-quarter 2012, when the economy expanded at a scant 0.4 percent annual rate.
The Tribune Co., emerging from bankruptcy and looking to reshape itself, is now considering the sale of all its newspapers — including the Chicago Tribune, the Los Angeles Times, TheBaltimore Sun and five other regional newspapers. It's still very early in the sale process; although the newspaper unit has been valued at $623 million, significant debts are also attached, and Tribune has signaled that it reserves the right not to sell if there isn't a worthy bid.
NPR's business news starts with Samsung ringing up sales.
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INSKEEP: Samsung said this morning its first quarter profit is at a record high - net profit surged 42 percent. The company has now seen six straight quarters of growth, thanks to strong smartphone sales. Tomorrow, it's launching a new smartphone in the United States - the Galaxy S4 - which is aimed at taking on Apple's iPhone. Transcript provided by NPR, Copyright NPR.
It's MORNING EDITION from NPR News. I'm Renee Montagne.
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Now that automatic spending cuts are causing wider pain, Congress has begun finding ways to adjust some of them.
MONTAGNE: Today the House is expected to take up a bill the Senate has already approved. It's called the Reducing Flight Delays Act of 2013, and it comes after a week of flight delays and outrage from members of Congress, linked to the furloughs the FAA air traffic controllers.
Smartphones can check e-mail, record videos and even stream NPR. Now NASA has discovered they make pretty decent satellites, too. Three smart phones launched into space this past Sunday are orbiting above us even now, transmitting data and images back to Earth. The PhoneSats, which cost just a few thousand dollars each, could usher in big changes for the satellite industry.
Some housing experts say New York's zoning code has discouraged the building of affordable housing by requiring that all apartments be at least 400 square feet. The city is interested in finding ways to rewrite the rules.
Credit Jim Zarroli / NPR
This housing model, showcased at the Museum of the City of New York, depicts possible space-saving methods in the city. Some housing experts say New York's zoning code has discouraged the building of affordable housing by requiring that all apartments be at least 400 square feet. The city is interested in finding ways to rewrite the rules.
Credit Jim Zarroli / NPR
Another space-saving housing model showcased at Making Room, the art exhibit at the Museum of the City of New York.
New York City is notoriously crowded, and it's only getting more so. The city estimates it will have 1 million more people by the year 2030, many of them single. Where to place all these newcomers is a major challenge.
Mayor Mike Bloomberg has announced plans to put up an experimental building of micro-apartments that could be replicated throughout the city. And the Museum of the City of New York is looking at ways to make better use of the city's housing stock.
At a time when so many major American news organizations are cutting back, foreign news agencies are beefing up their presence abroad and in the U.S. One of the biggest new players arrives from China and, more likely than not, can be found on a television set near you.
CCTV, or China Central Television, is owned by the Chinese government. With more than 40 channels in China and an offshoot in the U.S., the broadcaster has been highly profitable for the country's ruling Communist Party, which is liking profits a lot these days.
This is TALK OF THE NATION. I'm Neal Conan in Washington. Another promising report today suggests that the economy in general and employment in particular continue to improve, but there's another statistic that's more troubling. More Americans than ever participate in the Supplemental Nutrition Assistance Program, commonly known as food stamps.