It's MORNING EDITION from NPR News. I'm Renee Montagne.
With the election settled, Washington, Wall Street and much of the rest world, it seems, are focused on whether Congress and a reelected president can avoid the fiscal cliff. To tell us what's at stake, we turn now to David Wessel. He's the economics editor of The Wall Street Journal and author of "Red Ink," a new primer on the federal budget and the deficit.
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.
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.
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.
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.
Originally published on Sat November 10, 2012 12:47 pm
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.
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.
Originally published on Fri November 9, 2012 7:16 pm
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."