It's MORNING EDITION from NPR News. I'm Renee Montagne.
With the election settled, Washington, Wall Street and much of the rest world, it seems, are focused on whether Congress and a reelected president can avoid the fiscal cliff. To tell us what's at stake, we turn now to David Wessel. He's the economics editor of The Wall Street Journal and author of "Red Ink," a new primer on the federal budget and the deficit.
Originally published on Mon November 12, 2012 7:11 am
Beginning next summer, federal rules will require pilots to have six times more flight time to get hired, and will then also require airlines to give pilots more rest between flights. This will increase the number of pilots airlines need, just as thousands of senior pilots reach the mandatory retirement age of 65.
And our last word in business today is: "Brown Sugar."
We know Mick Jagger was the man who wrote the lyrics behind dozens of hit songs by the Rolling Stones, but especially given those songs, it's something of a surprise that he could compose a sweet love letter. One of his many lovers - and thought to be the inspiration behind the song "Brown Sugar" - has those letters and is making them public, for a price.
A second term means some new Cabinet appointments for President Obama, including at the Treasury. After four pretty grueling years, Secretary Timothy Geithner has made it clear he will be leaving Washington.
White House press secretary Jay Carney said last week that Geithner would be staying on through the inauguration. He's also expected to be a "key participant" in "fiscal cliff" negotiations.
In Spain, new austerity measures mean higher sales tax on everything from beer and wine to clothing and movie tickets. But in Bescanó, a small town in the country's northeast, the local theater director has come up with a rather creative way to get around a new 21 percent tax on tickets for plays at his theater –- by selling carrots instead.
Among the difficult decisions facing President Obama is whether to give the go-ahead for the controversial Keystone XL oil pipeline, which would bring oil from Canada down to refineries in the Gulf of Mexico.
Environmentalists want it blocked. They are concerned about endangering the Nebraska sand hills, under which is the largest aquifer in the country. It provides drinking water and irrigation water for several states.
Nickelback. The name itself is musical shorthand for everything music aficionados love to hate about modern rock.
But with more than 50 million record sales worldwide and a lead singer who earns $10 million a year, the band is laughing all the way to the bank — as reporter Ben Paynter describes in Bloomberg Businessweek Magazine.
Originally published on Sat November 10, 2012 12:47 pm
Credit Issouf Sanogo / AFP/Getty Images
The chances are slim that a person living in poverty in a developing nation has access to the Internet on a computer. It's expensive and, in some places, there's a lack of infrastructure to support it.
The chances are better, though, that that person owns a cellphone. It's probably not an iPhone or an Android, and he or she probably hasn't purchased a data plan for it, but it has the ability to access the Internet.
Google believes that this category of cellphone user is the future of its expansion.