Business

5:14am

Wed January 23, 2013
Business

Nebraska Approves Keystone XL Pipeline's Tweaked Route

Originally published on Wed January 23, 2013 8:13 am

Transcript

RENEE MONTAGNE, HOST:

NPR's business news starts with pipeline plans.

(SOUNDBITE OF MUSIC)

MONTAGNE: Nebraska's governor has approved a new plan for where the controversial Keystone XL pipeline will pass through his state. In 2011, the governor opposed the pipeline for its potential environmental impact. Yesterday, he wrote a letter to President Obama saying the new route avoids the more environmentally fragile parts of Nebraska.

It now falls to the Obama administration to approve the project. Transcript provided by NPR, Copyright NPR.

5:14am

Wed January 23, 2013
Economy

Is Eurozone's Debt Crisis Over?

Originally published on Wed January 23, 2013 8:13 am

Transcript

STEVE INSKEEP, HOST:

It's MORNING EDITION, from NPR News. I'm Steve Inskeep.

RENEE MONTAGNE, HOST:

And I'm Renee Montagne.

Some European leaders have been sounding downright upbeat in recent days about the state of their economy, which makes this morning's speech by Britain's prime minister all the more dramatic.

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5:14am

Wed January 23, 2013
Business

The Last Word In Business

Originally published on Wed January 23, 2013 2:45 pm

Transcript

STEVE INSKEEP, HOST:

And today's last word in business is: extraterrestrial gold rush.

A company called Deep Space Industries - which sounds like it's a company fm a Mel Brooks movie - anyway, it's planning to start mining asteroids - mining asteroids by the year 2015. The idea is to first send small spacecraft to explore asteroids for minerals like platinum and gold.

RENEE MONTAGNE, HOST:

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5:14am

Wed January 23, 2013
Politics

House To Vote On Short-Term Debt Ceiling Extension

Originally published on Wed January 23, 2013 8:13 am

The House is expected to vote Wednesday on a Republican leadership plan to put off the debt ceiling fight for three months. This marks a new strategy for House Republicans who until recently had pledged not to raise the debt ceiling unless it was matched with an equal amount of spending cuts.

3:36am

Wed January 23, 2013
Around the Nation

Schussing Down Slopes Can Snowball Into A Search-And-Rescue Bill

Originally published on Wed January 23, 2013 9:02 am

Some states can bill skiers for search-and-rescue efforts. Often, those who need rescuing wandered into out-of-bounds areas and couldn't find their way back.
Nina Keck Vermont Public Radio

Fresh snow lures a lot of people to do some outdoor exploring, but sometimes that exploring can go too far. When snowmobilers or skiers wander off or get in over their heads, many call 911, putting a strain on already underfunded search-and-rescue budgets.

In Vermont, state police have had to help find 50 lost skiers in the past four weeks.

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3:33am

Wed January 23, 2013
The Salt

Farmers And Their Cooperative Settle Lawsuit On Fixing The Price Of Milk

Originally published on Wed January 23, 2013 9:01 am

This 5-foot plexiglass piece of art resembling a freshly poured glass of milk sits near the door at Dairy Farmers of America headquarters in Kansas City, Mo.
Peggy Lowe/Harvest Public Media

Farmers who had hoped to get some answers on why prices for their raw milk went into free fall a decade ago were disappointed Tuesday by the settlement of a case accusing Dairy Farmers of America Inc. of creating a milk monopoly in the Southeast.

Dairy farmers and industry observers had hoped for their day in court after years of delays in the large class-action suit. But the day before the trial was to start in federal court in Tennessee, DFA announced a $158.6 million deal, saying it didn't want to risk going to trial.

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4:57pm

Tue January 22, 2013
Business

Algeria Attack Raises Security Alarms For Energy Firms

Originally published on Tue January 22, 2013 8:48 pm

This undated image shows the Amenas natural gas field in Algeria, where Islamist militants raided and took hostages last week. Dozens of hostages and their captors were killed when Algerian forces subsequently raided the facility.
BP AP

The prime minister of Algeria is defending his government's response to last week's attack on a natural gas plant that left 37 hostages dead. He says the Islamic militants who were behind the attack planned to blow up the facility and would have killed a lot more people if they hadn't been stopped.

The attack happened at a huge, internationally operated facility in the Sahara. And it underscores the dangers that energy companies face when they do business in politically unstable places.

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10:19am

Tue January 22, 2013
The Two-Way

Sales Of Existing Homes Hit Five-Year High In 2012

A "sale pending" sign outside a home in San Francisco last August.
Justin Sullivan Getty Images

Though they dipped 1 percent in December from the month before, 2012 was the best year since 2007 for sales of existing homes, the National Association of Realtors reports.

It estimates that 4.65 million previously owned homes were sold last year, up 9.2 percent from 2011 and the most since 2007's 5.03 million.

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4:52am

Tue January 22, 2013
Business

The Last Word In Business

Originally published on Tue January 22, 2013 10:06 am

Transcript

STEVE INSKEEP, HOST:

And today's last word in business is: Who do you trust with your money?

(SOUNDBITE OF SONG, "MONEY")

PINK FLOYD: (Singing) Money, get away. Get a good job with more pay and your OK.

INSKEEP: Any excuse to play Pink Floyd. A new ranking suggests which industries consumers trust. And for the third year in a row, the industry consumers trust the least is the industry that you pretty much have to trust with your money.

DAVID GREENE, HOST:

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4:52am

Tue January 22, 2013
Business

Business News

Originally published on Tue January 22, 2013 10:06 am

Transcript

STEVE INSKEEP, HOST:

NPR business news starts with global unemployment figures.

(SOUNDBITE OF MUSIC)

INSKEEP: We usually focus on American unemployment, which has been going down. But world unemployment may hit record levels this year, according to an annual report by the International Labor Organization, which is forecasting that up to 202 million people who won't work will be out of work around this world this year.

DAVID GREENE, HOST:

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