President Obama speaks about the sequester on Feb. 19.
Credit Charles Dharapak / AP
President Obama has for weeks warned congressional Republicans and the American public of the dangers facing the nation from the sequester budget cuts.
Failing to reach a deal between the White House and Congress by Friday could lead to some young children being dropped from Head Start, the FBI furloughing agents and fewer food inspectors, according to the president.
If the cuts unleash these and other harms, like longer lines at airports, Congress and voters won't be able to say they weren't warned.
Originally published on Tue February 26, 2013 7:37 pm
Bill Westenhofer, winner of best visual effects for <em>Life of Pi</em>, said backstage that the business model of the visual effects industry needs to change.
Credit Vince Bucci / AP
In a business where effects-laden movies helped Hollywood make a record-setting $10.8 billion last year, many of the studios that create those effects are barely staying afloat.
Visual effects have been a part of the movie industry ever since Georges Melies went on his famous Trip to the Moon in 1902. These days, VFX studios do everything from putting a tiger in a lifeboat on an ocean voyage to choreographing the destruction of a New York City being defended by Earth's mightiest heroes.
Oxfam's "report card" evaluates giants of the supermarket aisle on their commitment to social and environmental issues.
Do failing grades inspire more effort? Oxfam hopes so. The activist group on behalf of the poor has just handed out report cards to 10 of the world's top food companies, grading their commitments to protect the environment and treat people fairly.
Oxfam doesn't grade on the curve, evidently. Every company flunked. But two European-based companies, Nestle and Unilever, were at least better than the others.
Real life crime and court scenarios are often plot lines for television shows. And since there aren't enough new hit dramas this season, CBS is staying competitive with its old standbys, crime procedurals, like "The Mentalist" and "NCIS."
TV critic Eric Deggans says the network is also trying something new, with a show that premieres tonight.
ERIC DEGGANS: In some ways, the new drama "Golden Boy" seems like a serious Hail Mary pass for CBS.
If you were to open a new brick-and-mortar bookstore, New York City would be a very pricey place to do it. Manhattan boasts some of the world's most valuable land - and, as it turns out - air. And that is our last word in business this morning.
NPR's business news starts with a Fed status update.
(SOUNDBITE OF MUSIC)
STEVE INSKEEP, HOST:
Federal Reserve Chairman Ben Bernanke is in front of the Senate Banking Committee this morning. It's his semi-annual report to Congress.
And Bernanke is facing questions, as he has for years, about the Fed's bond buying program that's been pumping money into the economy and keeping interest rates low. Some lawmakers fear this policy could eventually cause inflation.
Barnes & Noble Chairman and chief stockholder, Leonard Riggio, is looking into the possibility of buying the company's retail book business, but not the Nook, the e-book, the company had staked it future on.
STEVE INSKEEP, HOST:
That news comes as the company is set to release its third quarter earnings on Thursday. Barnes & Noble has already signaled the report will be disappointing, especially with the e-reader.
NPR's Lynn Neary reports on the future of the bookstore chain.
Joe Kummer, president of Propulsive Wing in Elbridge, N.Y., is rooting for having a drone test site in upstate New York. He says it could save him trips to the West Coast to try out new drone prototypes.
In three years, the federal government is expected to open the skies for the civilian use of drones. But before that, the Federal Aviation Administration will set up six drone test sites around the country. Stiff competition to get one of the sites is anticipated — driven by hopes of attracting thousands of new jobs.