Business

11:54am

Thu November 29, 2012
Politics

Will Payroll Tax Cut Survive Fiscal Talks?

The Bush-era tax cuts are taking center stage on discussions about deficit reduction. But the payroll tax holiday is also at risk, which could cost the typical family $1,000 a year. Host Michel Martin talks with The Wall Street Journal's Sudeep Reddy about the fiscal cliff and how the outcome could affect consumers.

10:10am

Thu November 29, 2012
It's All Politics

Why Dividends, Capital Gains Are Big Part Of Fiscal Cliff Talks

Originally published on Thu November 29, 2012 1:58 pm

As the White House and Congress debate how to steer clear of the fiscal cliff, one obstacle is the president's insistence that the wealthy should pay more in taxes. And one way that could happen is through changing the rules for dividends and capital gains.

If you own a share of stock in a company today, when the company pays out a dividend, the most you're taxed is 15 percent. And if you decide to sell the stock and cash out, you'd also pay 15 percent on your profits — the capital gains.

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9:18am

Thu November 29, 2012
Media

Report Proposes Tougher Oversight For British Press

Transcript

DAVID GREENE, HOST:

In Britain, Brian Leveson, the judge who has spent eight months probing tabloid news excesses, has just issued his suggestions for reigning in Britain's sometime-rambunctious press. Prime Minister David Cameron ordered the wide-ranging inquiry in the wake of revelations of illegal phone-hacking at the Murdoch-owned News of the World and other newspapers. The victims included actors Hugh Grant and Sienna Miller, as well as the parents of a murdered teenager and other crime victims.

Journalist Vicki Barker joins us from London.

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8:59am

Thu November 29, 2012
The Salt

Key To E. Coli-Free Spinach May Be An Ultrasonic Spa Treatment

Spinach has lots of opportunities to pick up E. coli and other bugs during harvest and growing. Here, a Mexican migrant worker cuts organic spinach during the fall harvest at Grant Family Farms in Wellington, Co.
John Moore Getty Images

Salad producers haven't succeeded in banishing E. coli and other dangerous microbes from fresh greens, though they've tried hard. As we've reported before, it's a major challenge to both growers and the environment. But one scientist thinks he's making progress – with a spinach spa that zaps bad bugs with ultrasound.

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8:48am

Thu November 29, 2012
The Two-Way

Third-Quarter Economic Growth Revised Upward

Better than expected: Economic growth was higher in the third quarter than first thought. Here, a worker at a Ford plant in Michigan plugs a batter into a Ford C-MAX plug-in hybrid vehicle.
Bill Pugliano Getty Images

The U.S. economy grew at a 2.7 percent annual rate in the third quarter, the Bureau of Economic Analysis says. That's a sharp upward revision in its estimate of gross domestic product growth from mid-summer into the fall. In its first look at the quarter's GDP, the agency estimated growth at a 2 percent annual rate.

According to BEA, consumer spending, inventory investment, exports and federal spending all contributed to growth from July 1 through Sept. 30.

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7:43am

Thu November 29, 2012
Planet Money

A Huge Pay Cut For Doctors Is Hiding In The Fiscal Cliff

Originally published on Thu November 29, 2012 9:53 am

How much is it worth?
iStockphoto.com

Yesterday, in the Bronx, Chris Veres took his grandfather to see Dr. Bob Murrow. He was worried about his grandfather's heart. Dr. Murrow talked to the family and ordered a cardiogram, which came back normal.

It was a pretty routine visit. But what happens next for the doctor — getting paid by Medicare, the government-run health insurance program for the elderly — is suddenly sort of a big deal.

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7:43am

Thu November 29, 2012
Business

N.Y. Electrician Shortage Hampers Sandy Recovery

Originally published on Thu December 6, 2012 10:26 am

Transcript

DAVID GREENE, HOST:

It's been a month since Sandy made landfall in the northeast. For millions in that big storm's path, life is returning to normal - not for tens of thousands of people in New York City who still, still don't have electricity or heat. Many of them are waiting for an electrician to come to repair or certify wiring that was damaged by all the flooding. But as NPR's Joel Rose reports, there aren't enough electricians to go around.

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7:43am

Thu November 29, 2012
Business

Companies Rush Dividends To Beat Possible Tax Hike

Originally published on Thu November 29, 2012 9:18 am

Transcript

DAVID GREENE, HOST:

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7:43am

Thu November 29, 2012
Business

GM Plans $1 Billion Auto Factory In China

Originally published on Thu November 29, 2012 9:18 am

Transcript

RENEE MONTAGNE, HOST:

NPR business news starts with GM investing in China.

General Motors says it's building a $1 billion factory with its joint venture partners in China. It's set to open in 2015 and will be the third GM plant in what is now the world's biggest auto market. The company hopes the plant will eventually produce up to two million vehicles a year. Auto sales in China are expected to hit 20 million this year - about five million more than in the U.S. Transcript provided by NPR, Copyright National Public Radio.

7:43am

Thu November 29, 2012
Business

Contract Ban, Civil Litigation Add To BP's Woes

Originally published on Thu November 29, 2012 9:18 am

Transcript

DAVID GREENE, HOST:

It's MORNING EDITION, from NPR News. I'm David Greene.

RENEE MONTAGNE, HOST:

And I'm Renee Montagne.

The multinational oil firm BP is being taken to account for the massive 2010 spill in the Gulf of Mexico. Yesterday, the Obama administration banned BP from any new contacts with the federal government, citing, quote, "a lack of business integrity" related to the spill - that after BP admitted criminal wrongdoing in its recent settlement with the U.S. Justice Department.

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