The credit rating agency Fitch Ratings has issued another warning to Washington. If it doesn't come up with a plan to reduce the nation's budget deficit, Fitch might yank its AAA rating by the end of next year.
You may not have heard of Buddy Roemer. But he's running for president. And despite an impressive resume and gift for turning a phrase, Roemer barely registers in the polls. He's conducting his quixotic run for office without accepting campaign contributions that exceed $100.
On the trail with Mitt Romney in New Hampshire Thursday morning, I encountered the first Occupy protesters of the three-day bus trip.
One of them, Bob Broadhurst, grew up in Boston but now lives in nearby Littleton, N.H. He's been one of the Occupy protesters in New York since September, but returned to New Hampshire to protest along Romney's route.
A fourth-generation electrician, Broadhurst is an IBEW union member and his main issue is what he calls "the attack" on unions and labor. Romney represents a convenient target for his ire.
Even heard in modern synthesizer arrangements, the melody of the carol "Good King Wenceslas" brings the words and images of the story into my head: "Good King Wenceslas looked out / on the Feast of Stephen / When the snow lay 'round about / deep and crisp and even.
Wenceslas was a real person: the Duke of Bohemia, a 10th-century Christian prince in a land where many practiced a more ancient religion. In one version of his legend, Wenceslas was murdered in a plot by his brother, who was under the sway of their so-called pagan mother.
Originally published on Thu December 22, 2011 1:28 pm
Most political analysts say that Congress and President Obama will eventually agree to extend the payroll tax cut into 2012 – even if it takes another month of arguing.
But what if Congress really can't get it done?
Economists are fairly unanimous in saying growth would be slowed — at least in the short term — if Congress were to fail to pass legislation to extend the tax holiday and include two other proposals to: 1) continue federal help for the long-term unemployed and 2) block a 27 percent Medicare pay cut for doctors.
The United States has admitted that NATO forces made mistakes that led to the deaths of two dozen Pakistani soldiers. The incident happened along the Afghan-Pakistan border in November. Pakistan had claimed the U.S. purposely attacked its troops and the incident contributed to a spiraling deterioration in relations between the two allies. Now, according to the Pentagon's investigation, the United States admits some responsibility for the deadly raid. In a moment we'll have the view from Pakistan.
The new estimate marks the second time that BEA has revised its third-quarter estimate downward. In its first look, BEA said gross domestic product grew at a 2.5 percent annual rate. Last month, it said the pace was 2 percent.
Still, the third quarter was better than the second — when GDP expanded at a 1.3 percent annual rate.
American military forces, "given what information they had available to them at the time, acted in self defense and with appropriate force after being fired upon" when they called for airstrikes along the Afghanistan-Pakistan border in late November in an incident that killed 24 Pakistani soldiers, the Pentagon said this morning.
Good morning, I'm Linda Wertheimer. For the fourth year in a row, a couple dressed in elf hats drove around Detroit handing out $100 bills to strangers - $12,000 worth. Many thought those crisp Benjamins were a joke. Some burst into tears. The anonymous couple stopped a Detroit bus and gave every passenger $100. The couple does ask recipients to pay it forward, in kindness. You're listening to MORNING EDITION. Transcript provided by NPR, Copyright NPR.
Good morning. I'm Renee Montagne. Attention lottery players in Georgia: No one has stepped up to claim a $77 million jackpot that expires on Monday, and the state's lotto offices will be closed starting tomorrow for the Christmas holiday. But if you're out there, lucky winner, you can claim your prize at a kiosk at Atlanta's International Airport throughout the Christmas holidays. Then you can do all the duty-free holiday shopping you want. It's MORNING EDITION. Transcript provided by NPR, Copyright NPR.
Ah, 'tis the season to be indulgent. Another glass of champagne? Please, have some homemade cookies. Does anyone want to go to the movies instead of the gym? As far as I'm concerned, December is Guilty Pleasures Time.
Most incandescent light bulbs were supposed to be phased out starting Jan. 1. But tucked inside the House's omnibus spending bill, there's a provision barring the Energy Department from enforcing more energy-efficient standards for light bulbs. For those who still want them, there are increasing options for efficient bulbs. Renee Montagne talks to Bill Hamilton, merchandising vice president of electrical at Home Depot, which sells about a third of all light bulbs in the U.S.
Renee Montagne speaks with Alex Thier who oversees projects in Afghanistan for the U.S. Agency for International Development. They discuss the tremendous efforts that have been made to improve medical care in that country over the last decade.
The suburban Southwest is awash with empty lots and zombie subdivisions — developments that have been abandoned by builders. Experts believe up to a million dirt lots in central Arizona were in some stage of approval for new homes when the housing market crashed. Urban planners say to fix the zombie problem, the state must realize the that people are leaving the suburbs and should consider "smart decline." Peter O'Dowd of member station KJZZ explains.
With less than two weeks before voting begins in Iowa, three Republican candidates are pulling out the big guns. Callista Gingrich, Anita Perry and Anne Romney appeared in campaign ads for their husbands.
If the company's board approves, Yahoo could receive about $17 billion in a deal that would shed most of its Asian assets. That means Yahoo would dramatically decrease its valuable stake in Ali-baba — China's largest Internet company. The deal would get the company some much-needed cash.
And our last word in business is ratings reality. Ratings for this week's episode of the reality TV show, "All-American Muslim," dropped to more than 30 percent from the previous week's ratings. The show had plenty of drama off-screen earlier this month when the home improvement retailer Lowe's admitted it pulled its ads on the show after pressure from a conservative Christian group.
Yesterday, Lowe's said it would not change its decision. Cable channel TLC has not yet said whether the show will get picked up for another season.
While North Korea is preparing for the state funeral of longtime leader Kim Jong Il next week, attention is quickly turning to his son and heir apparent, Kim Jong Un. Even veteran Pyongyang watchers know little about the successor. But it's clear what he's inheriting: a country in dire economic straits, and a tough fight to consolidate his political power and legitimacy.
Violent explosions have rocked Baghdad this morning. At least 69 people are dead, and scores have been injured. The Iraqi capital hasn't seen violence of this magnitude in quite some time, and it's happening in the midst of a deepening political crisis. NPR's Sean Carberry is in Baghdad. And Sean, what can you tell us about this morning's attacks?
Johann Sebastian Bach's Christmas Oratorio was first performed in Leipzig on Christmas Day in 1734. In Germany, no matter what the economic and political times, it's the Christmas work. In the oldest functioning church in Berlin, the 13th-century Saint Mary's, performance of Bach's Christmas Oratorio is a fixed tradition.