Business

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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6:12am

Fri February 15, 2013
Business

The Last Word In Business

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

Transcript

LINDA WERTHEIMER, HOST:

Let's catch up on yesterday's $23 billion bid to buy H.J. Heinz Company. Warren Buffett is one of the investors. The Oracle of Omaha is famous for snatching up American staples, like ketchup.

RENEE MONTAGNE, HOST:

Lesser known is one of Buffet's partners in the acquisition - a Brazilian, equally found of American companies.

Today's last word in business is: another oracle?

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6:12am

Fri February 15, 2013
Politics

Automatic Budget Cuts Near As Democrats, GOP Stand Firm

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

Transcript

LINDA WERTHEIMER, HOST:

It's MORNING EDITION from NPR News. I'm Linda Wertheimer.

RENEE MONTAGNE, HOST:

And I'm Renee Montagne.

With Congress headed for a recess, prospects are dimming for a deal to keep the nation from falling off the next fiscal cliff - sequestration. That's the term for automatic spending cuts that go into effect March 1.

NPR's Mara Liasson explains how the White House and Congress got to this impasse and why it's so hard to get past it.

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2:52am

Fri February 15, 2013
Economy

In Kansas, A 'Glide Path' To No Income Taxes. Will It Work?

Originally published on Fri February 15, 2013 9:47 am

Kansas Gov. Sam Brownback, shown delivering the State of the State address last month, is pushing to get rid of the state's income tax, which has some Republicans concerned.
Charlie Riedel AP

Kansas Gov. Sam Brownback has put the state on what he calls a "glide path to zero" income tax. But that glide path is far from being clear or smooth.

On the face of it, Brownback seems to enjoy a remarkably strong political position. He's a conservative Republican, flanked by GOP supermajorities in both legislative chambers. His allies helped purge moderate Republicans from the state Senate in last year's election.

"I think the road is open," Brownback says. "I think we do provide an alternative model. I think we do provide a red-state model."

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