When Superstorm Sandy slammed into the East Coast on Monday, the fragile U.S. economy was just sitting there, stuck in a sluggish-growth mode.
Now, as the massive cleanup begins, business owners, workers and investors are wondering what impact the megastorm ultimately will have on their wallets. Did Sandy weigh down economic activity enough to drown the recovery? Or will the rebuilding efforts boost growth over the longer term?
Originally published on Tue October 30, 2012 7:04 pm
Credit Lynn Ketchum / OSU
It's football season at Oregon State University, and that means tailgating, grilling, and ... cheese?
When we think of Oregon, we don't necessarily think of cheese — maybe a nice Pinot Noir, but not cheese. But this fall, Oregon State University's new cheese plant rolled out its first batch of product: a specialty alpine cheese (like Swiss, Comte or Gruyere) dubbed by the students "Beaver Classic." It's a mild cheese, with nutty flavors like caramelized onions.
And now for our conversation about personal finance. Especially in these lean times, savvy shoppers have been told never to leave the house without their coupons. Those who take it to another level call themselves extreme couponers. These big savers can load shopping carts with hundreds of dollars of merchandise and pay just a fraction of that for it. That's because they spend hours online writing companies and even dumpster diving to get as many coupons as they can.
Here's a clip from TLC's reality show "Extreme Couponing".
The transportation industry is also taking a hard hit. Travel is at a virtual standstill along the East Coast because of Sandy. Up to 15,000 flights have been canceled. Amtrak service in the Northeast is shut down again today. And crews are just beginning to assess the extensive cleanup work needed to clear tracks and roads.
NPR's Tovia Smith reports.
TOVIA SMITH, BYLINE: Travelers across the Northeast have been going nowhere fast. Some who thought they were getting lucky, got half way home before hitting the end of the road.
Sandy overshadowed almost everything in yesterday and put the rest of it under water. But even with a massive storm underway the publishing industry could not ignore another big story: the merger of two of the biggest publishing houses in the business. The European conglomerates that own Random House and Penguin reached an agreement to consolidate.
Originally published on Tue October 30, 2012 11:32 am
Credit Timur Emek / dapd
There's big news in the world of publishing: The two conglomerates that own Random House and Penguin announced Monday that they were merging their book businesses to form a new company.
German media company Bertelsmann, the owner of Random House, will own 53 percent of the new firm, Penguin Random House; Pearson, which owns Penguin, will control the rest. The merger, subject to regulatory approval, is scheduled to be completed in the second half of 2013.
Executives of the publishing giants Bertelsmann and Pearson announced on Monday that they will pursue a merger of their publishing houses, Random House and Penguin. The united publishing companies are set to become a large and influential force in publishing.