Update at 8:40 a.m. ET. Jobless Claims Went Up; So Two Out Of Three Reports Were Positive:
There were 372,000 first-time claims for unemployment insurance last week, up by 10,000 from the week before, the Employment and Training Administration says. What's more, that previous week's total was revised up from the previous estimate of 350,000.
Good morning. I'm David Greene. Don't play with the iPad if Mom tells you not to, especially if Mom's a prankster. Eight-year-old Kenyon was looking at a car on eBay. Mom told him he accidentally bought it for $50,000.
KENYON: Is that true? Did I?
MOM: I'm afraid so.
GREENE: She posted his reaction on YouTube.
KENYON: It was a Mustang. I didn't mean to buy it.
You've seen this happen, maybe done it yourself. You approach an intersection, the light turns yellow, but instead of slowing to a stop, you accelerate and blow through. Chinese authorities have now outlawed this practice. New rules say yellow is the new red. It means stop. The change has prompted vocal protest, even at the official Chinese news agency. One Chinese critic says the new rules are contrary to Newton's First Law about momentum.
Originally published on Thu January 3, 2013 6:47 am
Michigan's Mackinac Island was fought over by France, England and the United States. The 200-year-old city in northern Lake Huron is a popular tourist destination. But the demolition of old buildings has raised a fierce debate about how to hold onto the past while profiting from it.
Originally published on Thu January 3, 2013 6:29 am
January marks Oprah Winfrey Network's second year anniversary. After numerous delays and setbacks, OWN launched in 2011, replacing Discovery Health Channel. Although the cable channel is posting ratings gains, some wonder just how well it is doing.
And that brings us to today's last word in business: melty money.
The Bank of Canada released new hundred dollar bills in 2011. The high-tech bank notes are made of polymers. They're sort of like plastic bills. The goal was to make them indestructible. They were put through a lot of tests. They were put through the wash, frozen, boiled. But some Canadians who have their hands on the money say the plastic bills melt when subjected to extreme heat.
It's MORNING EDITION, from NPR News. Good morning. I'm Steve Inskeep.
DAVID GREENE, HOST:
And I'm David Greene.
Farmers and ranchers across this country expected to start the year with a new farm bill in place. This is an important piece of legislation to many people. It sets agricultural policy for the next five years.
Originally published on Thu January 3, 2013 7:22 am
The "fiscal cliff" deal leaves in place tax subsidies for the wind power industry for at least one more year. Windmills have dramatically changed the picture of the Midwest. Wind has also changed the landscape economically and politically.
Know thy neighbor — it's not just a creed to live by, turns out it can save your life. Steve Inskeep talks to sociologist Eric Klinenberg about how vibrant, tight-knit neighborhoods could fare better in a disaster. Klinenberg is a professor of sociology at New York University. His article "Adaptation" appears in the current issue of The New Yorker.
Originally published on Thu January 3, 2013 6:50 am
On Friday, new unemployment numbers will be released for December. In last month's report, the unemployment rate dropped to 7.7 percent, a four-year low. For a preview of the labor market prospects for the new year, Steve Inskeep talks to Nariman Behravesh, chief economist at IHS Global Insight, an international consulting firm.
A 32-year-old Bay Area prosecutor will be sworn in to Congress on Thursday after ousting a 40-year incumbent.
California Democrat Eric Swalwell — who will be the second-youngest member of Congress — capitalized on his opponent's gaffes and used old-fashioned door-knocking and high-tech mobile phone outreach to win votes.
His first challenge in Washington might be getting people to pronounce his name correctly. Even senior members of California's congressional delegation have gotten it wrong, saying "Stallwell" instead of "Swalwell."