Business

On this Christmas Eve there's this not-so-cheery news from The Associated Press:

"Christmas shoppers thronged malls and pounced on discounts but apparently spent less this year, their spirits dampened by concerns about the economy and the aftermath of shootings and storms."

The wire service says that:

Wall Street didn't get much of a gift at the end of last week. The Dow lost 120 points, or nine-tenths of a percent, on Friday. The slump is partly tied to events in Washington last week — a Republican plan to avoid the "fiscal cliff" came undone.

Nariman Behravesh, chief economist of IHS Global Insight, talks to Steve Inskeep about his economic forecasts for 2013. Among his predictions: the U.S. recovery will gradually pick up steam. Unless it falls off a cliff — then a recession will probably be unavoidable.

In Spain, entrepreneurship is largely a high-class hobby. Family money and connections have long been the best indicators of small business' success. A recent World Bank report ranked Spain lower than Bangladesh and Afghanistan on the ease of starting a business. Now Spain's ruling conservatives want to change that.

Record shops have been closing across the country in recent years, victims of the digital music revolution. But the closing of Floyd's Record Shop in Ville Platte, La., is different. For 56 years, Floyd's hasn't just sold records, it has helped revitalize Cajun music. Floyd's is closing its doors for good on Christmas Eve.

Morning Edition's series, the Twelve Days of Tax Deductions, zeroes in on some of the tax breaks lawmakers are grappling with as they hammer out a budget deal, to raise revenue, cut spending and avoid the end-of-year "fiscal cliff." On Day 11, we look at the deduction for employer sponsored health insurance.

Among the candidates President Obama may nominate for the next defense secretary is Michele Flournoy, formerly the highest-ranking woman in the Pentagon.

Flournoy is a mother of three, and in February, she stunned her colleagues when she stepped down from her job as undersecretary of defense for policy to spend more time with her children.

It wasn't an easy decision, but it's a dilemma that many working mothers face. While some call for changes in workplace policy to make caring for families and working easier, others argue women ultimately have to make a choice.

All over India, an unusual name has been popping up on signs in restaurants and businesses: Hitler.

Yes, Hitler. As in Adolph. Just last year there was even a Punjabi movie called Hero Hitler in Love.

To understand why a name generally associated with mass murder is turning up on storefronts around the country, reporter David Shaftel investigated and wrote about it in a recent issue of Bloomberg Businessweek.

Natural gas may have reshaped the domestic energy market in 2012, lowering energy prices and marginalizing the coal industry, but America's shale boom hasn't undermined renewables.

In fact, while analysts were paying attention to fracking this year, a record number of solar panels were being slapped on roofs — enough to produce 3.2 gigawatts of electricity.