NPR's business news starts with Boeing's battery problem.
Boeing's new fleet of Dreamliner 787 aircraft is grounded. But there is one in the air right now. The FAA cleared the plane's flight this morning from Fort Worth, Texas to Seattle. Engineers at the Boeing factory there will study the plane's lithium ion batteries and look for ways to reduce fire risk. Regulators around the world grounded the Dreamliner last month after batteries overheated on two planes. Only crew are aboard the 787 currently on its way to Seattle.
And we have news of another fire sale. Our last word in business today is the buy of a lifetime.
STEVE INSKEEP, HOST:
That's what some are calling the sale of a 20-acre estate outside Cedar Falls, Iowa, which sold for a winning bid of around $600,000. The precise amount was not disclosed. One expert says to build something like that estate today would cost $1.5 million.
In exchange for multibillion-euro bailouts, Greece was required to sell state-owned assets. But the sweeping privatization process is behind schedule. In addition, European governments are nervous that Chinese, Russian and Arab companies are lining up to take advantage of the Greek fire sale.
Originally published on Wed February 6, 2013 7:12 pm
Credit Jamie Squire / Getty Images
What do the Kansas City Royals, C. Everett Koop, Jack Nicholson and the United Methodist Church all have in common?
Turns out the Major League Baseball team, the former surgeon general, the actor and the denomination's general board and church society are all enemies of firearms, and as such have made it onto the National Rifle Association's list of "National Organizations With Anti-Gun Policies."
Epic water battles are the stuff of history and legend, especially in the West. And as a severe drought drags on in the Midwest, a water war is being waged over a river that irrigates agriculture in Colorado, Nebraska and Kansas.
It's that last border crossing where this water war is under way. Kansas has gone to the Supreme Court to argue that Nebraska uses too much water from the Republican River, and that there's not enough left for Kansas farmers.
Praising Sally Jewell as an executive who turned outdoors equipment retailer REI into one of the nation's most successful and environmentally conscious companies, President Obama just said he is nominating her to be his next interior secretary.
Noting that Jewell, who in a previous job worked as an engineer for Mobil, has also climbed mountains in Antarctica, the president joked about that being "just not something I think of doing."
The economy may be on the rebound, but life is getting tougher for some people in the middle class. With rising gas prices, insurance costs, and higher payroll taxes, people are feeling squeezed. Host Michel Martin asks if there's any financial relief in sight.
Business leaders involved in homebuilding, oil drilling or automaking are happy about the way 2013 has kicked off. Lower- and middle-income consumers, on the other hand, are feeling like the year has kicked them in the head.
"Consumers have not rebounded with the arrival of the new year," says Ed Farrell, director of consumer insight at the Consumer Reports National Research Center. "Middle-income Americans were particularly hard hit this month and appear to be losing ground."
Wednesday, Hasbro announced that it was welcoming a new member of the Monopoly-token family. And because it asked the Internet, it wound up with a cat. (For whatever reason, the Internet was not offered Gotye or a bacon cupcake.)