NPR Business

Around the Nation
5:58 am
Wed December 12, 2012

Is California Up Next For An Oil And Gas Boom?

Originally published on Wed December 12, 2012 6:05 am

Transcript

DAVID GREENE, HOST:

It's MORNING EDITION from NPR News. Good morning. I'm David Greene.

RENEE MONTAGNE, HOST:

And I'm Renee Montagne.

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Business
5:58 am
Wed December 12, 2012

Do Unions Still Have Clout In Michigan?

Originally published on Wed December 12, 2012 7:27 am

Transcript

RENEE MONTAGNE, HOST:

The contentious fight over labor rights has been unfolding throughout the Midwest in the last couple of years. Michigan is only the latest example.

NPR's national political correspondent Don Gonyea joins us now to explore the broader impact of all this. Good morning, Don.

DON GONYEA, BYLINE: Good morning.

MONTAGNE: So how is what has happened in Michigan different from what we've seen over the past couple of years in Wisconsin and Ohio, where Republican governors also took on labor unions?

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Business
5:58 am
Wed December 12, 2012

Tax Deductions And The Fiscal Cliff

Originally published on Wed December 12, 2012 7:20 am

Morning Edition continues with the latest installment of its series: The Twelve Days of Deductions. It's a nod to the many deductions, credits and other tax breaks that political leaders are weighing as they continue their negotiations to avoid the "fiscal cliff."

Around the Nation
5:58 am
Wed December 12, 2012

Commission Probes N.Y. Power Loss After Hurricane Sandy

Originally published on Wed December 12, 2012 7:01 am

New York Governor Andrew Cuomo promised to hold the Long Island Power Authority accountable for its performance after Superstorm Sandy. He appointed a special commission to look at how the utility performed. The commission had a meeting Tuesday night on Long Island, where thousands lost power, in some cases for weeks.

Business
5:58 am
Wed December 12, 2012

Business News

Originally published on Wed December 12, 2012 7:36 am

Greece's government says it will buy back nearly 32 billion euros of its bonds — that means the country would be erasing nearly $40 billion worth of debt. The country's private-sector creditor agreed to sell off the bonds, though at sharply discounted prices. Getting rid of this chunk of debt should allow Greece to get more money from the International Monetary Fund.

Business
5:58 am
Wed December 12, 2012

The Last Word In Business

Originally published on Wed December 12, 2012 7:42 am

Dave Sobelman was looking for publicity for his pub in Milwaukee. He announced a new drink. It's a Bloody Mary with celery, pickled asparagus, picked onions, shrimp, a chunk of cheese, a piece of Polish sausage and a cheeseburger slider. It sells for $9. It also comes with a chaser of beer.

Around the Nation
5:58 am
Wed December 12, 2012

Despite Protests, Michigan Passes Right-To-Work Bills

Originally published on Wed December 12, 2012 6:09 am

Michigan is now the nation's 24th right-to-work state, where unions cannot automatically collect dues or fees from workers. The governor signed the law just hours after it was approved by the state's legislature in a day marked by protests.

Business
5:58 am
Wed December 12, 2012

Federal Reserve Update

Originally published on Wed December 12, 2012 7:07 am

Federal Reserve officials were meeting this week to decide how much more credit to pump into the U.S. economy. To find out what they're likely to do — and why — Renee Montagne talks to David Wessel, economics editor of The Wall Street Journal.

Business
5:21 pm
Tue December 11, 2012

Small Businesses Might Still Hire If Taxes Are Raised

Originally published on Tue December 11, 2012 9:34 pm

Transcript

ROBERT SIEGEL, HOST:

Now to one of the big sticking points in Washington these days. Much of the debate over impending tax hikes and budget cuts centers on the tax rate for top earners. President Obama argues the tax rate for income over $250,000 a year should be allowed to go up. Republicans say there should be no change in tax rates. When Democrats talk about raising taxes on the wealthy, Republicans hear it as raising taxes on small businesses and killing jobs.

Well, NPR's S.V. Date has been exploring that argument.

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Business
5:19 pm
Tue December 11, 2012

HSBC Officials Knowingly Dealt With Iranian Banks

Originally published on Wed December 12, 2012 4:57 pm

Transcript

ROBERT SIEGEL, HOST:

More now on the HSBC case and, more broadly, on what banks are obliged to do and what HSBC did not do. Jimmy Gurule is a professor of law at Notre Dame University law school, used to be undersecretary for enforcement at the Department of the Treasury. Welcome to the program.

JIM GURULE: Thank you.

SIEGEL: And first, someone makes a big deposit at a big bank. What must the bank do and what must it know about that deposit?

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