Business

5:39am

Mon November 12, 2012
Business

Woman Behind 'Brown Sugar' To Sell Jagger Letters

Originally published on Mon November 12, 2012 7:17 am

Transcript

RENEE MONTAGNE, HOST:

And our last word in business today is: "Brown Sugar."

We know Mick Jagger was the man who wrote the lyrics behind dozens of hit songs by the Rolling Stones, but especially given those songs, it's something of a surprise that he could compose a sweet love letter. One of his many lovers - and thought to be the inspiration behind the song "Brown Sugar" - has those letters and is making them public, for a price.

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3:49am

Mon November 12, 2012
Politics

Lew, Bowles Rumored To Replace Treasury's Geithner

Originally published on Mon November 12, 2012 5:43 pm

A second term means some new Cabinet appointments for President Obama, including at the Treasury. After four pretty grueling years, Secretary Timothy Geithner has made it clear he will be leaving Washington.

White House press secretary Jay Carney said last week that Geithner would be staying on through the inauguration. He's also expected to be a "key participant" in "fiscal cliff" negotiations.

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3:24am

Mon November 12, 2012
The Salt

To Get Around Tax Hike, Spanish Theater Sells Carrots Not Tickets

Originally published on Mon November 12, 2012 5:41 pm

At the Bescanó municipal theater in northeastern Spain, director Quim Marcé (center) and actresses Meritxell Yanes (left) and Elena Martinell (right) display carrots for sale.
Quim Marcé

In Spain, new austerity measures mean higher sales tax on everything from beer and wine to clothing and movie tickets. But in Bescanó, a small town in the country's northeast, the local theater director has come up with a rather creative way to get around a new 21 percent tax on tickets for plays at his theater –- by selling carrots instead.

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3:23am

Mon November 12, 2012
Environment

Weighing The Prospects Of The Keystone XL Pipeline

Originally published on Tue November 13, 2012 10:17 am

President Obama speaks at the southern site of the Keystone XL pipeline in May in Cushing, Okla. Obama is under pressure to make a decision on the future of the pipeline during his second term.
Tom Pennington Getty Images

Among the difficult decisions facing President Obama is whether to give the go-ahead for the controversial Keystone XL oil pipeline, which would bring oil from Canada down to refineries in the Gulf of Mexico.

Environmentalists want it blocked. They are concerned about endangering the Nebraska sand hills, under which is the largest aquifer in the country. It provides drinking water and irrigation water for several states.

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5:30am

Sun November 11, 2012
Economy

How The Fiscal Cliff Would Hit The Economy

Originally published on Sun November 11, 2012 4:05 pm

President Obama and House Speaker John Boehner at the White House in July 2011. They are scheduled to meet at the White House again next week to discuss the looming fiscal cliff.
Carolyn Kaster AP

This week, President Obama will meet with congressional leaders to begin working out a deal to avert a budget calamity commonly known as the fiscal cliff.

Economists are unanimous in saying that if the leaders fail to keep the country from going over the "cliff," both the stock and labor markets will fairly quickly go "splat."

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5:09pm

Sat November 10, 2012
Music News

Love To Hate Nickelback? Joke's On You

Originally published on Sat November 10, 2012 8:23 pm

Nickelback's Chad Kroeger performs during halftime of a Canadian football game in Vancouver. On the band's own tours, expensive pyrotechnics are more rare.
Jeff Vinnick Getty Images

Nickelback. The name itself is musical shorthand for everything music aficionados love to hate about modern rock.

But with more than 50 million record sales worldwide and a lead singer who earns $10 million a year, the band is laughing all the way to the bank — as reporter Ben Paynter describes in Bloomberg Businessweek Magazine.

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6:32am

Sat November 10, 2012
All Tech Considered

Google, Facebook And The Next Billion Users

Originally published on Sat November 10, 2012 12:47 pm

Men look at mobile phones at the Adjame market in Abidjan, Ivory Coast. The market for mobile telephones in developing countries has grown quickly, and now Facebook and Google are trying to get users to use the Internet on their devices.
Issouf Sanogo AFP/Getty Images

The chances are slim that a person living in poverty in a developing nation has access to the Internet on a computer. It's expensive and, in some places, there's a lack of infrastructure to support it.

The chances are better, though, that that person owns a cellphone. It's probably not an iPhone or an Android, and he or she probably hasn't purchased a data plan for it, but it has the ability to access the Internet.

Google believes that this category of cellphone user is the future of its expansion.

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5:24am

Sat November 10, 2012
Europe

Retro London Cabs On The Road Toward Extinction

Originally published on Sat November 10, 2012 1:54 pm

The company that makes London's iconic taxis has had financial difficulties, leaving cabbies in a lurch.
Dan Kitwood Getty Images

Cabbie John Crowood's traditional London taxi was one among hordes as he began trundling through the city's streets with so many other benevolent black beetles more than 30 years ago.

Today, he's one of a dwindling band. Crowood says that the only company that makes the classic retro London cab had to recall 400 of its newest vehicles after a mechanical defect was found, leaving hundreds of his fellow cabbies unable to ply their trade.

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5:53pm

Fri November 9, 2012
It's All Politics

The Upside To Plunging Off The Fiscal Cliff

Originally published on Fri November 16, 2012 12:17 pm

With Congress on the edge of a fiscal cliff, set to occur Jan. 1, some say a fiscal plunge is exactly what's needed to break the political logjam.
iStockphoto.com

Now that the election is over, Washington is transfixed by the fiscal cliff, the automatic tax increases and spending cuts due to take effect Jan. 1 if nothing is done.

The sudden shock could seriously damage the economy.

But some Democrats and policy analysts are suggesting that going over the fiscal cliff could help break the political logjam.

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5:16pm

Fri November 9, 2012
The Two-Way

Lockheed Martin's Incoming CEO Resigns Over Relationship With Subordinate

Originally published on Fri November 9, 2012 7:16 pm

Former Lockheed Martin President and Chief Operating Officer Christopher E. Kubasik.
PR NEWSWIRE via AP

Lockheed Martin announced that its board of directors asked for the resignation of Christopher E. Kubasik, 51, the current chief operating officer and incoming chief executive office.

"Kubasik, previously slated to become CEO in January, resigned after an ethics investigation confirmed that he had a close personal relationship with a subordinate employee," Lockeheed said in a statement. "His actions violated the company's Code of Ethics and Business Conduct, but did not affect the company's operational or financial performance."

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