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Music News
5:05 pm
Sat November 10, 2012

Love To Hate Nickelback? Joke's On You

Nickelback's Chad Kroeger performs during halftime of a Canadian football game in Vancouver. On the band's own tours, expensive pyrotechnics are more rare.
Jeff Vinnick Getty Images

Originally published on Sat November 10, 2012 8:23 pm

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.

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All Tech Considered
6:32 am
Sat November 10, 2012

Google, Facebook And The Next Billion Users

Men look at mobile phones at the Adjame market in Abidjan, Ivory Coast. The market for mobile telephones in developing countries has grown quickly, and now Facebook and Google are trying to get users to use the Internet on their devices.
Issouf Sanogo AFP/Getty Images

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.

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Europe
5:24 am
Sat November 10, 2012

Retro London Cabs On The Road Toward Extinction

The company that makes London's iconic taxis has had financial difficulties, leaving cabbies in a lurch.
Dan Kitwood Getty Images

Originally published on Sat November 10, 2012 1:54 pm

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.

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It's All Politics
5:53 pm
Fri November 9, 2012

The Upside To Plunging Off The Fiscal Cliff

With Congress on the edge of a fiscal cliff, set to occur Jan. 1, some say a fiscal plunge is exactly what's needed to break the political logjam.
iStockphoto.com

Originally published on Fri November 16, 2012 12:17 pm

Now that the election is over, Washington is transfixed by the fiscal cliff, the automatic tax increases and spending cuts due to take effect Jan. 1 if nothing is done.

The sudden shock could seriously damage the economy.

But some Democrats and policy analysts are suggesting that going over the fiscal cliff could help break the political logjam.

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The Two-Way
5:16 pm
Fri November 9, 2012

Lockheed Martin's Incoming CEO Resigns Over Relationship With Subordinate

Former Lockheed Martin President and Chief Operating Officer Christopher E. Kubasik.
PR NEWSWIRE via AP

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."

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World
3:24 pm
Fri November 9, 2012

To Combat Sanctions, Iran Buys Up Gold

Iranian women look at a jewelry shop display in Tehran, Iran, in 2010. Iran now appears to be stockpiling gold in an attempt to stabilize its economy, which has been hit hard by Western sanctions.
Atta Lenare AFP/Getty Images

Originally published on Fri November 16, 2012 12:17 pm

Iran is stockpiling gold. That's the way David Cohen sees it. He's undersecretary of the Treasury, and the Treasury's point man for the banking sanctions the U.S. has imposed on Iran.

"Iran is attempting to hoard gold, both by acquiring it and by preventing the export of gold from Iran, in a somewhat desperate attempt to try and defend the value of its currency," Cohen says.

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Business
4:46 am
Fri November 9, 2012

Sandy's Effects 'Staggering' To New York's Economy

Originally published on Fri November 9, 2012 12:46 pm

Transcript

RENEE MONTAGNE, HOST:

The governor of New York, Andrew Cuomo, also held a press conference yesterday, and gave a warning that Sandy could end up costing his state $33 billion in economic damage, which could worsen the state's already-perilous fiscal situation.

NPR's Jim Zarroli reports.

JIM ZARROLI, BYLINE: Cuomo said the initial estimates are that the storm will cost the region $50 billion in lost economic activity and infrastructure damage. And he said two-thirds of that will be borne by New York.

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Business
4:28 am
Fri November 9, 2012

The Last Word In Business

Originally published on Fri November 9, 2012 12:46 pm

The fragrance company Demeter has introduced a new sushi scent. The company's website says it offers a whiff of seaweed and rice with a lemon-ginger essence. But it isn't fishy.

Economy
4:28 am
Fri November 9, 2012

CBO: 'Fiscal Cliff' Could Put U.S. Back In Recession

Originally published on Fri November 9, 2012 12:46 pm

Transcript

RENEE MONTAGNE, HOST:

Speaker Boehner also said he wants to work with the president to keep them from going over the fiscal cliff - higher taxes and spending cuts that take effect at the end of the year. The Congressional Budget Office warns of a new recession if Congress doesn't make changes. NPR's Scott Horsley has our daily look at the bottom line.

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Business
4:28 am
Fri November 9, 2012

Business News

Originally published on Fri November 9, 2012 12:46 pm

Transcript

STEVE INSKEEP, HOST:

NPR's business news starts with an attempt to shorten gas lines.

(SOUNDBITE OF MUSIC)

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