If you were to open a new brick-and-mortar bookstore, New York City would be a very pricey place to do it. Manhattan boasts some of the world's most valuable land - and, as it turns out - air. And that is our last word in business this morning.
NPR's business news starts with a Fed status update.
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Federal Reserve Chairman Ben Bernanke is in front of the Senate Banking Committee this morning. It's his semi-annual report to Congress.
And Bernanke is facing questions, as he has for years, about the Fed's bond buying program that's been pumping money into the economy and keeping interest rates low. Some lawmakers fear this policy could eventually cause inflation.
Real life crime and court scenarios are often plot lines for television shows. And since there aren't enough new hit dramas this season, CBS is staying competitive with its old standbys, crime procedurals, like "The Mentalist" and "NCIS."
TV critic Eric Deggans says the network is also trying something new, with a show that premieres tonight.
ERIC DEGGANS: In some ways, the new drama "Golden Boy" seems like a serious Hail Mary pass for CBS.
Barnes & Noble Chairman and chief stockholder, Leonard Riggio, is looking into the possibility of buying the company's retail book business, but not the Nook, the e-book, the company had staked it future on.
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That news comes as the company is set to release its third quarter earnings on Thursday. Barnes & Noble has already signaled the report will be disappointing, especially with the e-reader.
NPR's Lynn Neary reports on the future of the bookstore chain.
Syrian opposition leaders say they plan to attend a conference this week in Rome. They want to see what the new U.S. Secretary of State John Kerry has to offer to help them bring an end of President Bashar al-Assad's regime. The opposition leaders had been threatening to boycott the meeting, but Kerry is promising he won't leave them dangling in the wind. NPR's Michele Kelemen is traveling with Kerry this week on his first trip overseas as secretary of state. She filed this report from Berlin.
As Italians struggle to form a new government, another political transition is underway - inside the Vatican. Pope Benedict's historic resignation takes effect on Thursday, giving way to a papal transition that will be unlike any before. But even in the pope's final week, new sex scandals threaten to overshadow the upcoming conclave where his successor will be chosen.
Italian elections have hurled a tsunami against the system: An upstart anti-establishment party that rejects European Union-dictated austerity measures is now the single biggest party in Parliament. Newspaper headlines proclaim the country ungovernable, and world financial markets are spooked by the prospect of gridlock in the eurozone's third-largest economy.
Thanks to a byzantine election law, the center-left Democratic Party came in first by a slim majority. But it can't govern alone.
It's MORNING EDITION, from NPR News. I'm Steve Inskeep.
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And I'm Linda Wertheimer.
Today, a federal judge in New Orleans hears from witnesses to the Deepwater Horizon oil spill in the Gulf of Mexico. A civil trial of BP opened yesterday in a case to determine blame and financial liability for the environmental disaster that was the worst disaster in U.S. history.
Originally published on Tue February 26, 2013 7:44 am
The country has been debating gun regulations for months. Later this week, a Senate committee will start work on various proposals, including a background check on every gun sale and a ban on assault weapons.
But this debate over guns goes beyond disagreements about policy. Advocates on both sides quite literally disagree on the terms of the discussion — as in, the words they use to describe it.
Ask "gun control advocates" to describe what this debate is about, and they'll say "control" really isn't the word they prefer.
In three years, the federal government is expected to open the skies for the civilian use of drones. But before that, the Federal Aviation Administration will set up six drone test sites around the country. Stiff competition to get one of the sites is anticipated — driven by hopes of attracting thousands of new jobs.
The U.S. Supreme Court hears arguments on Tuesday in a case that could throw a monkey wrench into the widespread use of DNA testing — a case that pits modern technology against notions of personal privacy.
Twenty-eight states and the federal government have enacted laws that provide for automatic DNA collection from people at the time of their arrest. The question is whether it is unconstitutional to do that without a warrant, for the sole purpose of checking the DNA against a national DNA crime scene database.
Years into the economic recovery, hiring remains slow. Many businesses learned to do more with less during the recession, so they don't need to bring on as many people now.
These new efficiencies have led to what economists call "labor displacement," which is taking place around the country. One business in Rockville, Md., is doing the same amount of work with half its original staff.
Two things are noticeably absent from the offices of Mid-Atlantic Builders: people and paper.
For Darden Restaurants, the company behind Olive Garden and Red Lobster, its earnings projections out last week were not pretty. Sales will fall, it said, and company CEO Clarence Otis called higher payroll taxes a "headwind."
After a two-year tax break, the payroll tax, which funds Social Security payments, went back up to 6.2 percent on Jan. 1. The 2-percentage-point increase is an extra $80 a month in taxes for someone earning $50,000 a year.
C. Everett Koop was the most outspoken and some would argue the most influential of all U.S. surgeon generals. [POST-BROADCAST CORRECTION: The correct plural form of the word is surgeons general.] He wore the uniform throughout most of the 1980s, and he turned an office with little power into a mighty platform - to educate Americans about AIDS prevention and the dangers of smoking.
C. Everett Koop died today at his home in Hanover, New Hampshire. He was 96. NPR's Joseph Shapiro looks back on his career.
It's been nearly two years since Oprah ended her daily show, and Chicago's been adjusting to the loss of the daytime talk queen. Although she left a huge void, there's no need to write an obituary for the TV talk genre in Chicago.
In the lobby of Chicago's NBC Towers, the crowd of excited fans gathered for a TV taping is reminiscent of the Oprah days of old. But instead of Oprah, they're lined up to see veteran comedian Steve Harvey's show.
"I like Steve's energy. I like his shows. He's funny. He covers all topics," says fan Deloris Neal.
Brooklyn Assemblyman Dov Hikind is facing a storm of criticism after he dressed as an African-American basketball player in blackface. Hikind wore the costume to a party at his house celebrating the Jewish holiday of Purim.
He posted a picture of himself on Facebook wearing an afro wig and an orange jersey.
The long-awaited BP trial opened Monday in New Orleans. The oil giant is in court to determine how much it should pay because of the massive 2010 Gulf of Mexico oil spill. Audie Cornish talks to Jeff Brady.
From NPR News, this is ALL THINGS CONSIDERED. I'm Audie Cornish.
It was yet another turbulent day for the Vatican as Great Britain's most senior Roman Catholic cleric announced his resignation. That means he will not be taking part in the election of a new pope. Cardinal Keith O'Brien has been accused of behaving inappropriately toward several priests. His immediate departure comes as the pope himself prepares to retire. Benedict XVI stands down Thursday.
We're joined from London by NPR's Philip Reeves. Hi there, Philip.
From NPR News, this is ALL THINGS CONSIDERED. I'm Audie Cornish.
Afghanistan's president is demanding that American Special Forces, Green Berets, withdraw from a key province. It's located near the capital, Kabul. Hamid Karzai says the Special Forces are linked to allegations of kidnapping, killing and torture. What actually happened, however, is not clear. And to try to make sense of this, we're joined by NPR Pentagon correspondent Tom Bowman.
From NPR News, this is ALL THINGS CONSIDERED. I'm Audie Cornish. The biggest weekend in NASCAR left the racing world with plenty to talk about. Jimmie Johnson won his second Daytona 500 and Danica Patrick became the first woman ever to finish in the top 10. But the event that may have the longest lingering effect on car racing happened at the end of a second tier race the day before the headline event.
The state of Wisconsin is locked in an emotional fight over mining. Governor Scott Walker, a Republican, is pushing a bill that would clear the way for one of the world's largest open pit iron mines. Supporters hope the project will rejuvenate an industry that helped to build Wisconsin. But the proposal has fierce opposition, as we hear from Shawn Johnson of Wisconsin Public Radio.