Saying that "we could not find a large enough audience quickly enough to convince us the business model was sustainable in the long-term," News Corp. CEO Rupert Murdoch said this morning that The Daily will "cease standalone publication" on Dec. 15.
Well, the subject of our last word in business today may not change the world, but it is kind of snazzy. It is called the Air Umbrella. Now, picture an umbrella handle and nothing else, sort of like a wand.
RENEE MONTAGNE, HOST:
Yeah. We are entering a magic world, here. That wand apparently keeps you dry by releasing a shield of air. The tech website Mashable says it's still a design concept, but in theory, you could adjust the power and size of your invisible air shield depending on how heavily it's raining.
The battle over the looming spending cuts and tax increases known as the "fiscal cliff" begins this week where it ended last week — deadlocked. While there is no agreement on how lawmakers should work out the details of a compromise, there is widespread consensus that a deal must get done for the good of the country.
Treasury Secretary Timothy Geithner says it's up to congressional Republicans to take the next step in budget talks to avoid the pending automatic spending cuts and tax increases at the end of the year.
Brad Hines is a building contractor in Los Angeles who spends a good eight hours a day in his 2008 Dodge Ram. He talked to us from his truck — hands-free, of course.
"I do everything in my truck. I drive from job site to job site. I take calls. I try to get on the computer and clean up daily reports. I answer emails on my phone. I use my truck as a mobile office," Hines says.
The idea of the mobile office is far from new — Willy Loman; the Avon Lady; plumbers; electricians. Now, technology is taking the idea of working from the road to a whole new level.
Miss America's walk might look effortless, but her road to success probably cost more than you think.
Ten-thousand women will compete in a Miss USA-sponsored pageant this year. That organization is just one of more than 15 small circuits, each with its own local, state and national competitions. It's a big industry. From the organizers, designers and coaches, lots of people make money — except the contestants.
Twenty-four women are in the running to become the latest Miss District of Columbia USA.
Now for the next installment in what's becoming a long-running tale about one of America's highest profile tech companies. Hewlett-Packard was back in the headlines last week when its CEO claimed that Autonomy, a company it acquired last year for more than $11 billion in cash, had lied about its revenues to increase its sale price. Joe Nocera of The New York Times has been watching all of this unfold. He joins us from Sag Harbor, New York. Joe, thanks very much for being with us.
I grew up in a car family. Not car enthusiasts; car makers. My grandfather worked for General Motors in Detroit on the assembly line beginning in the 1940s. My mother was a middle manager at Ford's Chicago assembly plant in the '70s. I worked at the same plant during summers in the '90s. Today, one of my cousins works for Chrysler and another works for an auto supplier.