California's governor, Jerry Brown, has announced a set of long-awaited reforms to his state's underfunded public pension system. The Democratic governor says the package will save the state about $30 billion in the future. More details of the cost savings are expected later today.
Brown is hoping the reforms will pave the way for another of his policy goals, as NPR's Richard Gonzales reports.
Hundreds of protestors rallied, this week, in Albany, New York. They are trying to put pressure on New York's Democratic governor Andrew Cuomo. They want him to reject a plan to expand natural gas drilling. Specifically, Cuomo's expected to decide in the coming days whether to allow more aggressive hydraulic fracturing to reach gas deposits that are locked deep underground. As North Country Public Radio's Brian Mann reports, people on both sides are mounting eleventh-hour campaigns to try and sway the governor.
Many travelers using United Airlines faced delays Tuesday, but they weren't connected to Hurricane Isaac. Instead, the airline's computer network crashed, leaving large parts of its system paralyzed Tuesday afternoon.
First noted around 2:15 p.m. EDT, the problems persisted until about 6:30 p.m. EDT, when the airline tweeted that it is "in the process of resuming operations and rebooking customers."
Mitt Romney stands by his decision not to release more than two years of his tax returns. Democrats keep hammering away, suggesting the Republican presidential candidate has something to hide. Well, last week, the website Gawker released over 900 pages of financial documents related to Bain Capital. That's the private equity firm Romney co-founded.
Now that Isaac has passed by Tampa, the Republican National Convention gets underway today, but voters living in swing sates have already heard plenty of messages from both political parties - unprecedented waves of ads.
NPR's Steve Henn reports there is an app - an application that can help you figure out who's behind them.
STEVE HENN, BYLINE: If this is what your TV sounds like...
(SOUNDBITE OF AD)
(SOUNDBITE OF MUSIC)
ANNOUNCER #1: Two wars. Tax cuts for millionaires. Death.
NPR's business news starts with an eye on oil prices.
Isaac is not expected to grow beyond a Category 1 hurricane and that is easing some concerns it could damage oil and gas refineries along the Gulf Coast. Still, several have shut down operations and will probably be offline for a couple days. Depending on Isaac's severity, analysts say gas prices could go up by about 10 cents or so in the coming weeks. Transcript provided by NPR, Copyright National Public Radio.
OK. Microsoft had to know there would be critics when it released its new logo late last week. And today's last word in business is: mixed reviews.
DAVID GREENE, HOST:
Microsoft used the old logo for 25 years. The tech world has certainly changed a lot since then. PCs, not iPads, where the big thing then and Microsoft dominated the software for them. Now, Microsoft says it's time to change its look.
Every day in Mumbai, some 5,000 deliverymen called dabba wallahs hand deliver 200,000 hot meals to doorsteps across the city. It's an intricate network that requires precise timing and numerous handoffs from courier to courier. The century-old service is a staple for the city's office workers. (See how it works in this video.) But as the city has changed, so too has the service.
Somalia is synonymous with failed states, pirates and Islamist militants. But in the nation's northwest lies a peaceful, stable territory with an elected government known as Somaliland. The enclave broke away from the fractious Horn of Africa nation in 1991 and has been going it alone ever since.
To the disappointment of its residents, Somaliland has not been recognized as an independent nation, but its stability is attracting investors that other parts of Somalia can only dream of.