Economy & Business

Around the Nation
4:12 am
Thu September 12, 2013

Missouri Tax Posturing May Influence Other States

Republican lawmakers in Missouri on Wednesday failed to override a tax veto by Democratic Gov. Jay Nixon. The controversial measure would have lowered state income taxes for the first time in decades.
Orlin Wagner AP

Originally published on Thu September 12, 2013 4:50 am

Democratic Gov. Jay Nixon used some fancy footwork to ensure his veto of a tax cut stayed in place — even though it faced a supermajority of Republicans in the Missouri House and Senate

Nixon said he vetoed the tax cut because the $700 million price tag was "unaffordable." But he knew in doing so, he was up against a lion of a legislature, with a veto-proof majority in both chambers.

Lawmakers on Wednesday failed to override Nixon's veto.

Dan Ponder, a political scientist at Drury University, says the governor had a decidedly uphill battle.

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Around the Nation
4:12 am
Thu September 12, 2013

Mill Closing Is 'Major Setback' For Ala. Town

Originally published on Thu September 12, 2013 4:27 am

Transcript

RENEE MONTAGNE, HOST:

The world's largest paper producer says it's closing a mill in Alabama that employs 1,100 people. International Paper Company blames the closure in the town of Courtland on a decline in the demand for paper. Stan Ingold of Alabama Public Radio reports.

STAN INGOLD, BYLINE: The small town of Courtland, Alabama is reeling after the announcement by Memphis-based International Paper to close their mill. Diane Scanland is the executive director of the Lawrence County Chamber of Commerce.

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Business
4:12 am
Thu September 12, 2013

A Check On The Housing Industry

Originally published on Thu September 12, 2013 5:51 am

Transcript

RENEE MONTAGNE, HOST:

There is, of course, a lot of attention being paid about what's happening in Richmond because millions of other American homeowners around the country are also underwater - again, homes that are worth less than their mortgages. We're joined now by NPR correspondent Chris Arnold, who's been following all of this. Good morning.

CHRIS ARNOLD, BYLINE: Good morning, Renee.

MONTAGNE: How many homeowners are still underwater? I gather with the housing market coming back, this is changing - for the better.

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Business
2:46 am
Thu September 12, 2013

5 Years After Financial Crisis, Are Big Banks Still A Threat?

The headquarters of Lehman Brothers in Times Square in 2008, the year the financial services firm filed for bankruptcy.
Hiroko Masuike Getty Images

Originally published on Thu September 12, 2013 10:30 am

It's been five years since Lehman Brothers collapsed and touched off a banking crisis that is still being felt by the global economy. Today, the banking industry is a lot stronger than it was, but some critics say efforts to reform banking regulations have fallen short of their potential.

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Media
12:36 am
Thu September 12, 2013

Tina Brown To Leave The Daily Beast

The Daily Beast editor-in-chief Tina Brown plans to leave the website to produce live forums on news topics.
Nicholas Kamm AFP/Getty Images

Originally published on Thu September 12, 2013 8:41 am

Celebrity editor Tina Brown announced Wednesday that she's leaving The Daily Beast to launch her own media company. She has been a regular guest on Morning Edition. Brown, 59, plans to produce live forums on news topics.

Brown has edited some of the most prestigious publications: Vanity Fair, The New Yorker and Tattler. Five years ago, she helped found The Daily Beast — a news and opinion website. Now, the editor-in-chief says she's leaving to do what she calls "theatrical journalism" before live audiences.

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The Salt
4:44 pm
Wed September 11, 2013

Pets Or Livestock? A Moral Divide Over Horse Slaughter

Jamesport has the largest Amish community in Missouri, and horse-pulled buggies are often parked alongside cars. Horse owners in the state are divided over whether to allow horses to be killed for meat in the U.S.
Frank Morris for NPR

Originally published on Wed September 11, 2013 6:30 pm

Few Americans eat horse meat, and many don't like the idea of slaughtering horses. But a handful of investors are struggling to restart the horse-slaughter industry in the U.S.

Thousands of American horses are already slaughtered in Mexico and Canada each year for their meat, which gets shipped to European and Asian markets.

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All Tech Considered
4:41 pm
Wed September 11, 2013

Coming Soon: A Jolt Of Caffeine You Can Spray On Your Skin

Sprayable Energy will be on sale in November, says its creator, Ben Yu.
Courtesy of Sprayable Energy

Originally published on Wed September 11, 2013 5:16 pm

In our "Weekly Innovation" blog series, we explore an interesting idea, design or product that you may not have heard of yet. Do you have an innovation to share? Use this quick form.

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All Tech Considered
4:00 pm
Wed September 11, 2013

Sexism In The Tech Industry Takes Center Stage

TechCrunch's Disrupt 2012 conference in San Francisco. This year, two hackathon presentations ignited a firestorm.
Max Morse Getty Images

Originally published on Wed September 11, 2013 4:59 pm

For women struggling to make inroads in the male-dominated tech industry, a few stunning situations this week have provided some extreme examples of what they're up against.

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Economy
3:39 pm
Wed September 11, 2013

Five Years Later, Lehman Brothers Fall Still Stings

Originally published on Wed September 11, 2013 4:59 pm

Sept. 15 is the anniversary of collapse of Lehman Brothers, which many see as a watershed moment in the financial crisis. We look back at a time when fear and uncertainty gripped financial markets and policymakers around the world and drove the world economy into the Great Recession.

Business
3:39 pm
Wed September 11, 2013

Verizon Makes Blockbuster Bond Sale To Buy Vodafone

Originally published on Wed September 11, 2013 4:59 pm

Transcript

AUDIE CORNISH, HOST:

Wall Street is buzzing about Verizon today. The telecommunications giant carried out the biggest sale in the history of the bond market, $49 billion worth of corporate bonds. Verizon will use the money to finance its recent mega deal with Vodafone.

As NPR's Jim Zarroli reports, the sale comes at a time when interest rates are rising. And companies that want to raise money can't afford to lose any time.

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