Business

11:27am

Sun February 17, 2013
It's All Politics

White House Warns Of Sequestration's Effects

Originally published on Sun February 17, 2013 2:08 pm

White House Chief of Staff Denis McDonough at the White House on Jan. 25.
Carolyn Kaster AP

The White House and congressional Democrats are sounding the alarm bells over the consequences of the sequester, the across-the-board cuts to the budget that are scheduled to go into effect in March.

White House Chief of Staff Denis McDonough said the cuts would offset "pretty good" economic activity over the past few months. He said President Obama had a plan to cut an addition $1.5 trillion from the deficit.

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4:47pm

Sat February 16, 2013
Business

High-Speed Rail Buzz Overpowers Daily Chug Of Freight Trains

Originally published on Sat February 16, 2013 7:12 pm

A Union Pacific freight train passes over a grade crossing in Elmhurst, Ill.
Tim Boyle Getty Images

From the steam engine to visions of a national high-speed rail system, railroads have made their mark on American culture.

In his first term, President Obama promised to create a national system of high-speed rail, though he was scarcely the first politician to have done so. The January 2010 stimulus bill allocated $8 billion for high-speed rail projects, but Congress rejected federal funding for it.

In his State of the Union address on Tuesday, the president reiterated the goal of having passenger rail rise again.

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3:18pm

Fri February 15, 2013
Planet Money

Should The U.S. Import More Doctors?

Originally published on Fri February 15, 2013 4:52 pm

iStockphoto.com

People around the world want the same thing from their doctors. First, do no harm. Second, take a look at this weird bump and tell me if I should get worried.

The job is basically the same in many countries around the world. But the pay is wildly different. The median salary for U.S. doctors is about $250,000 a year. In Western Europe, it's less than half that. In developing countries, the salaries are even lower.

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3:10pm

Fri February 15, 2013
Business

As Cruise Industry Grows, So Have Its Problems

Coast Guard patrols near the cruise ship Carnival Triumph in the Gulf of Mexico on Monday. The Carnival Triumph lost propulsion power after an engine room fire a day earlier.
Jason Chambers AFP/Getty Images

It's been a rough voyage for the cruise-line industry in the past few years.

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1:37pm

Fri February 15, 2013
All Tech Considered

DIY Broadband Comes To The English Countryside

iStockphoto.com

In a fast-moving world, people from all over have demanded faster Internet speeds. But when you live out in the middle of nowhere, you can feel like you're in the Internet slow lane because broadband just isn't available.

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7:04am

Fri February 15, 2013
Economy

Eurozone Economies Declined In 2012

Originally published on Fri February 15, 2013 8:39 am

Transcript

LINDA WERTHEIMER, HOST:

NPR's business news starts with Europe's rocky economy.

(SOUNDBITE OF MUSIC)

WERTHEIMER: It was a tough three months for the eurozone at the end of last year. The area fell deeper into recession.

And as NPR's John Ydstie reports, it's expected to remain in recession well into 2013.

JOHN YDSTIE, BYLINE: The output of the eurozone fell six-tenths of a percent in the final three months of last year, according to a report from Eurostat. The decline translates to an economy contracting at a 2.3 percent annual rate.

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6:12am

Fri February 15, 2013
Politics

Effects Of Automatic Spending Cuts Become Clearer

Originally published on Fri February 15, 2013 8:39 am

Transcript

RENEE MONTAGNE, HOST:

This is MORNING EDITION from NPR News. I'm Renee Montagne.

LINDA WERTHEIMER, HOST:

And I'm Linda Wertheimer.

As we've been hearing, clock is ticking on the sequester. That is the Washington term for the across-the-board cuts that will take effect March 1, unless Congress acts to put them off.

The impact the $85 billion reduction in government programs could have became a bit clearer yesterday, as NPR's Brian Naylor reports.

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6:12am

Fri February 15, 2013
Business

Carnival's Crippled Ship Expected To Hurt Cruise Business

Originally published on Fri February 15, 2013 8:40 am

This week's debacle on the Carnival Triumph is a setback that may cost the company as much as $80 million and hurt the industry's image. Carnival says passengers who were on the Triumph the last five days without power were miserable, but at least they were safe. Industry watchers say Carnival generally has handled the mishap well, but that the industry may need to rethink how it deal with events like power outages on floating cities than can carry more than 5,000 people.

6:12am

Fri February 15, 2013
Business

How Will Proposed Merger Affect Airline Passengers?

Originally published on Fri February 15, 2013 8:39 am

Conventional wisdom says fewer airlines mean higher fares and fewer flights. But experts say the American Airlines-U.S. Airways proposed merger is a mixed bag. Past mergers haven't led to significantly higher fares, but will this time be different?

6:12am

Fri February 15, 2013
Business

Federal Charges Filed In Ohio Dumping Case

Originally published on Fri February 15, 2013 8:39 am

Transcript

RENEE MONTAGNE, HOST:

In Youngstown, Ohio, the owner of an oil and natural gas drilling company has been charged with a violating the Federal Clean Water Act. He's accused of dumping tens of thousands of gallons of drilling waste water into a storm sewer that eventually runs into a local river.

From member station WKSU, M.L. Schultze has more.

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