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5:06 am
Thu November 15, 2012

Business News

Originally published on Thu November 15, 2012 7:21 am

Transcript

STEVE INSKEEP, HOST:

NPR's business news begins with Twinkie trouble.

Hostess Brands, famous for processed treats like Twinkies and Ding Dongs, says it will go into liquidation if striking bakers do not return to work this afternoon. This could see the layoffs of nearly 18,000 workers. The bakers walked out over wage and benefit cuts. Analysts say the company's most iconic brands would likely be bought by other companies if Hostess goes out of business. Transcript provided by NPR, Copyright NPR.

NPR Story
5:04 am
Thu November 15, 2012

'Round House' Wins National Book Award For Fiction

Eric Miller AP

Originally published on Thu December 6, 2012 4:42 pm

The National Book Awards announced Wednesday night honored both longtime writers and new authors, from Louise Erdrich who won for her novel The Round House to Katherine Boo, who was honored for her debut nonfiction work, Behind the Beautiful Forevers.

Erdrich has been a highly regarded author for nearly 30 years. She'd been a finalist twice before but said being honored is "all the more meaningful when you're older ... because you don't know if your years of writing at your very best are behind you."

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NPR Story
4:46 am
Thu November 15, 2012

Studies Vary On How Many Jobs Will Be Lost If Taxes On The Wealthy Ride

Originally published on Thu November 15, 2012 7:07 am

Republicans claim President Obama's plan to raise taxes on the wealthy will cost the economy 700,000 jobs. Another study from the Congressional Budget Office puts the number of lost jobs as 200,000. But both studies also assume millions of new jobs will be created.

Politics
4:05 am
Thu November 15, 2012

Obama's Visit To Myanmar: Too Much, Too Soon?

A newspaper with a front-page photo of President Obama is displayed at a press house in downtown Yangon, Myanmar, on Thursday, ahead of Obama's visit.
Soe Than Win AFP/Getty Images

Originally published on Thu November 15, 2012 8:15 pm

When President Obama sets off to Asia this weekend to highlight his so-called pivot to the region, he will make a bit of history: Obama will become the first sitting U.S. president to visit Myanmar.

The country, also known as Burma, was a pariah state for decades, ruled by a ruthless military dictatorship. That is changing, and the Obama administration has encouraged a dramatic reform process in the country. But it may be too early for a victory lap.

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Planet Money
4:04 am
Thu November 15, 2012

Why Coke Cost A Nickel For 70 Years

An oilcloth sign advertising Coca-Cola from 1905.
The Coca-Cola Company

Originally published on Mon November 19, 2012 2:04 pm

Prices change; that's fundamental to how economies work.

And yet: In 1886, a bottle of Coke cost a nickel. It was also a nickel in 1900, 1915 and 1930. In fact, 70 years after the first Coke was sold, you could still buy a bottle for a nickel.

Three wars, the Great Depression, hundreds of competitors — none of it made any difference for the price of Coke. Why not?

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The Two-Way
12:00 am
Thu November 15, 2012

As Xi Jinping Takes Top Post In China, Hopes Of Reform Fade

Chinese leader Xi Jinping earlier today in Beijing.
Mark Ralston AFP/Getty Images

Originally published on Thu November 15, 2012 9:10 am

  • Louisa Lim on 'Morning Edition'

Though new Chinese leader Xi Jinping "didn't once mention Marxism or Mao Zedong" today as he stepped into his new role, the make-up of the "gang of seven" that he now heads "will disappoint those hoping for sweeping reform," NPR's Louisa Lim reports from Beijing.

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The Two-Way
6:41 pm
Wed November 14, 2012

General Allen Says He Will 'Fully Cooperate' With Investigation

Marine Gen. John Allen.
Alex Wong Getty Images

Originally published on Wed November 14, 2012 7:00 pm

Marine Gen. John Allen says he will "fully cooperate" with the Pentagon's Inspector General's investigation into his communication with Jill Kelley.

Allen has been at the center of a scandal that led to the resignation of CIA director and retired four-star general David Petraeus.

In a statement issued on his behalf by the Marine General Counsel, Allen also said he wants to resolve the matter in an expedient fashion.

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Shots - Health News
6:12 pm
Wed November 14, 2012

Lawmakers Clash With FDA Over Meningitis Outbreak

New England Compounding Center co-owner Barry Cadden went to Capitol Hill for a congressional hearing Wednesday on the fungal meningitis outbreak. Choosing to take the Fifth Amendment, Cadden did not testify.
Susan Walsh AP

Originally published on Wed November 14, 2012 7:17 pm

Members of a House subcommittee clashed repeatedly Wednesday with U.S. Food and Drug Commissioner Margaret Hamburg over the outbreak of meningitis caused by contaminated steroid injections.

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Shots - Health News
6:07 pm
Wed November 14, 2012

Health Care Cuts Are Coming. Here's Where Liberals Say You Can Slice

Two new studies and a proposed class-action lawsuit settlement all have the potential to change dollar signs as lawmakers address the impending fiscal cliff.
iStockphoto.com

Originally published on Wed November 14, 2012 9:12 pm

A liberal think-tank closely allied with the Obama administration is proposing a health care spending plan it says could save hundreds of billions of dollars in entitlement spending without hurting middle- and low-income patients.

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It's All Politics
6:04 pm
Wed November 14, 2012

Obama Says He Has One Mandate: To Help The Middle Class

President Obama acknowledges reporters after his White House news conference on Wednesday.
Chip Somodevilla Getty Images

Originally published on Wed November 14, 2012 6:49 pm

A president just re-elected has arguably the most political capital he's likely to have during his entire second term.

And President Obama clearly has some capital, though he didn't overtly refer to it or vow to "spend it," as his predecessor George W. Bush famously said upon his 2004 re-election.

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