In late August of 2008, just as delegates were coming together for their political-party conventions, the U.S. economy was falling apart. Home sales were shutting down, employers were slashing payrolls, and financial institutions were lurching toward chaos.
Subsequent weeks saw political leaders and regulators fighting through one gut-wrenching day after another, trying to avert a complete collapse of global markets. On Sept. 24, Republican presidential candidate John McCain temporarily suspended his campaign to help Congress develop financial bailout plans.
Originally published on Mon August 27, 2012 6:35 am
It's the first trading day since Apple's win in a huge U.S. patent battle with competitor Samsung. The South Korean company was ordered to pay more than a billion dollars in damages after a California jury found it copied features of Apple's iPhone and iPad.
New Hampshire's economy is comparatively strong these days, but that strength varies depending on where you are in the small state. The closer you get to its border with Massachusetts, the more robust the economic activity. The state has been aggressive about marketing the so-called "New Hampshire Advantage."
A federal court in Massachusetts has upheld a $675,000 penalty against a Boston University graduate student for downloading 31 pirated songs online as a teenager. The recording industry says Joel Tenebaum was downloading and distributing thousand of songs and wouldn't stop even after warnings from his father, his college and a cease and desist letter from Sony.
Originally published on Sun August 26, 2012 4:00 pm
Credit Mark Stahl / AP
The auto industry is big business in Ohio. Billions of dollars' worth of cars and auto parts are made in the state each year. Thousands of unionized auto workers live in Ohio, as do the business owners and employees who make it one of the top auto parts suppliers in the nation.
So, the auto bailout is a hot issue — and a complicated one.
For Republicans in Ohio, the bailout is a tough issue — perhaps because of Mitt Romney's initial stance, or perhaps because of the consensus that the bailout worked.
Originally published on Mon October 15, 2012 10:39 am
Credit Scott Olson / Getty Images
Washington, D.C. blogger Sam Hiersteiner is a hot sauce fan turned maker. He's already harvested two pounds of chiles — serranos, jalapenos, and habaneros — from his 30-plant pepper garden this month, and he's ready to mash them into hot sauce as soon as more ripen. Last year, he mashed fifty pounds total.While he loved the results, he thought it would be even better with a whisper of the flavor imparted by a barrel used for aging bourbon.
Originally published on Sat August 25, 2012 10:16 am
By Wendy Kaufman
SCOTT SIMON, HOST:
This is WEEKEND EDITION from NPR News. I'm Scott Simon. Apple has won a decisive victory in a closely watched patent lawsuit. A federal jury in California yesterday ordered Samsung to pay Apple slightly more than $1 billion. The jury found that the world's largest maker of smartphones had essentially stolen iPhone and iPad technology. As NPR's Wendy Kaufman reports, the impact of the ruling is likely to be felt throughout the tech industry.
Originally published on Tue October 16, 2012 4:35 pm
Credit Ahn Young-joon / AP
The dust has yet to settle on Apple's patent lawsuit victory Friday over electronics rival Samsung. Samsung has said it will ask the court to overturn the verdict, which would award Apple more than $1 billion in damages. But if that's unsuccessful, Samsung will likely appeal.