Originally published on Mon April 15, 2013 10:40 am
Still haven't filed your taxes, eh?
Well, you have until 11:59 p.m. Monday to get it all done — or at least file for an extension that gets you off the hook until Oct. 15. To help all of you procrastinators, here are answers to a few of your questions.
If I'm filing by mail, can I come skidding into the post office at 11:58 p.m. and still make the deadline?
Many authors struggle to make a living in America, thanks to smaller advances, shrinking royalties and the merging of publishing houses and the impact of e-books. The challenges are embraced by some and make others wary. Writer Scott Turow, who's also president of the Authors Guild, is in the latter camp. Host Jacki Lyden talks to Turow about his recent New York Times op-ed on the topic.
A new immigration bill is expected to be introduced in the U.S. Senate next week, calling for better border security and a path to citizenship for 11 million immigrants in the United States without legal status.
One big hurdle toward that was cleared this week when the United Farm Workers reached a deal with growers that would address wages and caps the number of visas allowed for new workers.
In the age of hundreds of cable channels, millions of 140-character bulletins and an untold number of cat videos, a fear has been growing among journalists and readers that long-form storytelling may be getting lost.
Originally published on Fri April 12, 2013 10:56 am
A severance package of $20 million might have seemed reasonable to American Airlines CEO Tom Horton, but a U.S. bankruptcy judge says it's too much.
The proposed payout, part of a deal that would merge American parent AMR and US Airways Group, first caught the attention of U.S. Trustee Tracy Hope Davis, a Department of Justice official monitoring AMR's Chapter 11 bankruptcy.
And our last word in business today is, what do you want on your burger? The CEO of Burger King Worldwide is stepping down. Forty-three-year-old Bernardo Hees has been wearing the Burger King crown since 2010, when the fast food chain was bought out by 3G Capital.
In Los Angeles, a former partner at KPMG, one of the big four accounting firms, has been charged with insider trading.
As NPR's Nina Gregory reports, Scott London is accused of trading tips for money and gifts.
NINA GREGORY, BYLINE: The details in the Justice Department's criminal complaint against Scott London read like bad fiction. Bags of hundred dollar bills wrapped in $10,000 bundles, a Rolex worth an estimated twelve-thousand dollars, secrets shared at the country club and covert recordings of phone calls.
A top executive at News Corp. dropped a bombshell this week when he said the company is considering taking Fox's over-the-air network to cable. The announcement follows a court win for a startup company that streams broadcast channels online.
That startup's CEO, arguably the most feared man in television right now, is soft-spoken and rather techy.
The tax code is full of complicated loopholes and deductions that require professional translation. So I called a bunch of accountants and tax lawyers and asked them: What are your favorite, most confusingly named deductions — and what do they actually mean?
Intangible Drilling Costs
"The government will pay you to dig a hole in the ground," says Howard Rosen, a CPA in St. Louis. "You can write it all off immediately."
From NPR News, this is ALL THINGS CONSIDERED. I'm Audie Cornish.
MELISSA BLOCK, HOST:
And I'm Melissa Block.
More than three million cars and trucks worldwide are being recalled. Honda, Toyota, BMW, Mazda, Nissan, and Pontiac all say some of their vehicles made between 2001 and 2003 could potentially have faulty airbags.
Originally published on Mon April 15, 2013 2:38 pm
For years, undercover videos documenting animal cruelty at farms and slaughterhouses have cast the nation's meat and dairy farmers in a grim light.
In response, the livestock industry supported legislative efforts in multiple states designed to keep cameras from recording without permission in livestock plants. The Salt reported on these efforts, which activists call "ag gag" bills, last year.
Originally published on Thu April 11, 2013 4:08 pm
It's going to cost more to bail out Cyprus than originally projected, with officials now saying the cost will be $30 billion instead of the original estimate of $23 billion.
"It's a fact the memorandum of November talked about 17.5 billion [euros] in financing needs. And it has emerged this figure has become 23 billion [euros]," government spokesman Christos Stylianides was quoted by the BBC as saying on Thursday.
In the 1920s, a man passing through Washington, D.C., noticed something about the city in September: It was sweltering, and there were few places to seek relief. He figured you could make a lot of money selling ice-cold drinks.
That first business venture set J.W. "Bill" Marriott Jr. on a road to riches.
Originally published on Thu April 11, 2013 11:14 am
Some 3.4 million vehicles produced by four Japanese automakers are being voluntarily recalled due to faulty airbag inflators.
The inflators were installed in some of Toyota's top-selling Camry and Corolla models produced since 2000. Certain Honda Civics and Mazdas are also subject to recall, which also reportedly includes the Maxima and Cube, according to Reuters.
The defective passenger-side airbag inflators were produced by Tokyo-based Takata at a Mexican plant, Reuters says.
GREENE: The recall affects some three million vehicles made by four Japanese car makers: Toyota, Nissan, Honda and Mazda. All are citing a problem with passenger-side airbags that causes them to deploy abnormally and potentially cause a fire.
Now the Federal Housing Administration might need its first bailout in its 79 year history. So-called reversed mortgages are at the heart of the problem here, as fallout from the housing crisis continues.
NPR's Dan Bobkoff explains.
DAN BOBKOFF, BYLINE: Perhaps you've seen ads like this one on TV.
(SOUNDBITE OF TV AD)
FRED THOMPSON: A government-insured reverse mortgage allows seniors to stay in their own home and turn their equity into tax-free cash...
Now to Paris, France - where a walkout briefly shut down one of the world's most visited museums. Our last word in business: Pickpocket Protest.
The Louvre is famous for its priceless works of art - think the Mona Lisa - which it protects with high-tech security. But apparently, the Paris museum is less effective at protecting the valuables of patrons and staff.
OK. President Obama's budget is out - two months behind schedule. It is four volumes, 2,509 pages.
To tell us what pages we should be looking at closely, we turn, as we often do, to David Wessel. He's The Wall Street Journal's, economics editor and the author of a book on the budget called "Red Ink."
Until well into the 19th century, if you lived in the U.S. and wanted to heat your house, fire your forge, or whatever, you did what people had done for thousands of years: You chopped down a tree and burned it.
It wasn't until the rise of the railroads in the mid 19th-century that coal became a significant energy source in this country. As industrialization continued in the second half of the century, the use of coal continued to rise, powering heavy industry (think U.S. Steel), heating urban homes, and generating electric power.
Turns out that Saturday first-class mail service isn't going anywhere. The Postal Service today backtracked on its decision to reduce deliveries in an effort to save money. But it says that's only because language in the bill funding the federal government currently bars such a change. As NPR's Yuki Noguchi reports, this means the service will be running even deeper in the red.
Originally published on Wed April 10, 2013 3:17 pm
A judge has rejected a plea agreement from the former head of a sports memorabilia auction house who admitted to using shill bidders to drive up prices and to altering the most valuable baseball card ever sold.
William Mastro of Mastro Auctions admitted to doctoring the 1909 Honus Wagner cigarette card that was once owned by hockey great Wayne Gretzky. The card sold for $2.8 million in 2007.