NPR Business

Economy
11:50 am
Mon December 31, 2012

Is Our Economy Better Than Theirs?

The countdown is on to a new year — and the fiscal changes that are on the other side of midnight. But what else is on the cards economically for 2013, both here and overseas? Guest host Celeste Headlee puts the question to the Wall Street Journal's Sudeep Reddy.

Business
5:48 am
Mon December 31, 2012

Best Car Deals To Be Found This Time Of Year

Transcript

STEVE INSKEEP, HOST:

We are in a great season to buy a car. Automakers and dealers are offering lots of incentives. And those incentives are just one of the factors in what may end up as the best year for the auto industry since 2007, before the height of the financial crisis. So why has it been a good year? Well, when millions of people hold off on their car purchases for years, that pent up demand, along with cheap credit, will eventually drive stronger sales.

Here's NPR's Sonari Glinton.

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Economy
5:46 am
Mon December 31, 2012

Hours Left To 'Fiscal Cliff' Deadline

Originally published on Mon December 31, 2012 6:43 am

Transcript

STEVE INSKEEP, HOST:

On the final day of the year, it's MORNING EDITION from NPR News. I'm Steve Inskeep.

DAVID GREENE, HOST:

And I'm David Greene.

We still do not know if taxes will be going up as the ball in New York City's Times Square goes down.

INSKEEP: Congressional negotiators are still discussing ways at the White House to avoid the higher tax rates and spending cuts due to take effect after midnight tonight.

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Economy
4:15 am
Mon December 31, 2012

Europe Fails To Stimulate Growth In 2012

Originally published on Mon December 31, 2012 12:52 pm

The U.S. economy grew at a steady though not very strong pace this year. But Europe slipped back into recession because of the ongoing debt crisis. European leaders took steps to stimulate growth, but it wasn't enough to reverse course.

The economic crisis that got under way five years ago was felt all over the world. But Mohammed El-Erian, CEO of the investment firm PIMCO, says different regions have healed at much different rates.

The year "2012 was another multispeed world globally, in the sense that different parts did different things," he says.

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Politics
3:33 am
Mon December 31, 2012

After Fruitless Weekend, Congress Still Seeks Fiscal Deal

Senate Minority Leader Mitch McConnell, R-KY, leaves the Senate chamber to caucus in the Capitol on Sunday.
Molly Riley AFP/Getty Images

Originally published on Mon December 31, 2012 5:46 am

It is almost unimaginable that both the House and Senate would be in session on a Sunday evening on the penultimate day of the year. And yet, they both were, with lawmakers hoping it was not merely a big waste of time and effort.

A bipartisan push by Senate leaders over the weekend has so far failed to forge a deal to spare American wage earners from tax hikes and shield government programs from drastic cutbacks.

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Planet Money
3:32 am
Mon December 31, 2012

The Fiscal Cliff: A Love Story

Originally published on Mon December 31, 2012 5:46 am

America, if you're scared by all the talk you've been hearing about the fiscal cliff, take heart: There are reasons for people across the political spectrum to love the cliff.

There's a lot for liberals to like in the fiscal cliff, says Matthew Yglesias, who writes wonky articles about economics for Slate.

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Author Interviews
3:28 am
Mon December 31, 2012

Death Of The (Predatory) Salesman: These Days, It's A Buyer's Market

iStockphoto.com

Originally published on Mon December 31, 2012 5:46 am

The familiar image of the salesman in American culture hasn't always been a flattering one. Just think of Alec Baldwin as the verbally abusive "motivator" of two real estate salesmen in Glengarry Glen Ross.

Daniel H. Pink, author of the new book To Sell is Human, says that this relentless, predator-style approach to selling has become outdated. He believes that the art of sales has changed more in the past 10 years than it did in the previous century.

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Around the Nation
4:58 pm
Sun December 30, 2012

A Tough Year For Unions, With Few Bright Spots Ahead

Despite huge protests at Michigan's state capitol building in Lansing, Republican lawmakers in the state made the union stronghold the 24th right-to-work state in the country.
Rebecca Cook Reuters via Landov

Originally published on Sun December 30, 2012 5:55 pm

This year was a tough one for organized labor.

In June, Scott Walker — the Wisconsin governor who banned collective bargaining for public employee unions — survived a recall election.

And, despite huge protests in Michigan, the union stronghold became the 24th right-to-work state, banning unions from requiring workers to sign up. That came just 10 months after Indiana passed a similar law.

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It's All Politics
10:58 am
Sun December 30, 2012

Obama 'Modestly Optimistic' On Cliff Deal; 'He Won,' Says Graham

President Obama returned early from his holiday in Hawaii on Thursday for discussions on the "fiscal cliff."
Charles Dharapak AP

Originally published on Sun December 30, 2012 12:48 pm

President Obama went on the air to levy pressure on Congress Sunday as Senate leaders worked to negotiate a deal to avert the tax hikes and spending cuts known as the "fiscal cliff."

"I was modestly optimistic yesterday, but we don't yet see an agreement," Obama said in an interview with NBC's Meet the Press taped on Saturday. "Now the pressure's on Congress to produce."

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Business
6:45 am
Sun December 30, 2012

Housing Made A Big Turnaround In 2012

Originally published on Sun December 30, 2012 12:45 pm

Transcript

LINDA WERTHEIMER, HOST:

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