Originally published on Wed June 20, 2012 11:33 am
Update at 12:33 p.m. ET. Fed Extends 'Operation Twist':
The Federal Reserve said it was extending its "Operation Twist" through the end of year. It will add $267 billion more to the program in which the Fed sells some of its medium-term bonds in order to buy longer-term ones. In theory, that pushes down the interest rate on longer-term loans, especially mortgages.
Originally published on Thu June 21, 2012 10:03 am
MICHEL MARTIN, HOST:
This is TELL ME MORE, from NPR News. I'm Michel Martin. Coming up, immigration is back in the news right now, in part because of a new move by the Obama administration to stop deporting young people who came here illegally as children. And now there's also new information about just who is coming here and why.
I'm Michel Martin and this is TELL ME MORE from NPR News. Coming up, it's June, the beginning of the summer wedding season and a lot of couples are tying the knot, but what happens when your plans for a dream wedding in your hometown are the subject of - well, let's say - opinions of complete strangers?
The battle between the Obama administration and the House Oversight and Government over the Fast and Furious operation just ratcheted up another notch. There's word that the White House is exerting executive privilege over documents that the committee's Republican majority has subpoenaed.
New Democracy party leader Antonis Samaras has been sworn in as Greek prime minister, correspondent Joanna Kakissis and Sky News report.
As Joanna reported earlier for our Newscast Desk, Samaras' conservative New Democracy party came in first during Sunday national elections, but didn't get enough support to govern on its own. So it will share power with the Socialist PASOK and a small pro-European party — The Democratic Left.
We don't do too many traffic reports, but this news has the potential to be both fascinating and frustrating — depending on whether you're watching from afar or stuck inside a gridlocked car:
The Chesapeake Bay Bridge that carries U.S. Route 50 traffic back-and-forth between Washington, D.C., and mid-Atlantic beaches will be closed for about 40 minutes today, starting around 1:15 p.m. ET, so that a cargo ship carrying four huge cranes can pass (safely, we hope) beneath the span.
Originally published on Wed June 20, 2012 10:07 am
The defense rested its case just before noon ET today and closing arguments will begin Thursday in the trial of former Penn State assistant football coach Jerry Sandusky on charges of sexually abusing young boys, according to reporters from The Associated Press, NPR and other news outlets.
Sandusky did not take the stand in his own defense.
Our Original Post: If Sandusky Is Going To Testify, Today's The Likely Day
Good morning. I'm Linda Wertheimer. Faster than a speeding bullet, more powerful than a locomotive and not born in Ohio. The idea of Superman was conceived in Glenville, Ohio back in the 1930s, but when a proposed Superman-themed license plate called Ohio birthplace of Superman, DC Comics and Warner Communications objected. Superman, they point out, was born on the planet Krypton. It's MORNING EDITION.
Originally published on Wed June 20, 2012 10:42 am
The Federal Reserve — the nation's central bank — will end its two-day meeting on Wednesday by offering its assessment of the economy, and then declaring its latest plan for making things better.
Investors all over the world will be waiting to hear just how weak — or not — the Fed thinks the U.S. economy is. And they will be watching to see whether the bankers plan to continue trying to stimulate growth by extending two controversial programs, one known as Operation Twist, and the other as quantitative easing.
Now, to policy making with some fizz. The mayor of Cambridge, Massachusetts, has proposed limiting the size of sodas and sweetened drinks that can be sold in the city.
Henrietta Davis said she was inspired by the mayor of New York. Michael Bloomberg has proposed a ban on sales of oversized sugary drinks in his city's restaurants. Mayor Davis says soda is a factor behind increasing obesity and heart disease among young people.
Now, for a global perspective on our national weight problem. The number of humans on the planet is now more than seven billion. And our total weight is 287 million tons. That number comes from a new study that suggests weight, not just headcount, should be considered when looking at the impact of people on the planet.
To find out more, we called Ian Roberts. He's a professor at the London School of Hygiene & Tropical Medicine, and is the lead author of this study.
Leaders of the world's biggest economies wrapped up the G-20 summit in Mexico Tuesday with a promise to work together to promote jobs. The meeting comes amid worrisome signs of slowing growth in the United States and elsewhere.
Mitt Romney has wrapped up his most extensive campaign trip since becoming the all-but-official Republican nominee for president. Over the past five days, he visited six potential battleground states, touring each by bus. Along the way, he honed his attacks on President Obama, while also trying to show voters a more relaxed Mitt Romney than they've seen so far.
The tour, called Every Town Counts, stayed mostly in counties friendly to Republicans, ending with three stops in Michigan yesterday, the state where Romney was born.
And our last word in business is: supersized couch potato.
This week, Japanese electronics maker Sharp unveiled what it's calling the biggest LED TV on the planet. The 90-inch set has WiFi built in and you can buy it with a webcam option. You could, say, Skype with 50 people at once and see all their faces.
LINDA WERTHEIMER, HOST:
Of course, you would need a lot of wall space and a fat wallet. It cost $11,000.
That's the business news on MORNING EDITION. I'm Linda Wertheimer.
For the Miami Heat, it's three down, one to go. Last night in Miami, the Heat pulled within one win of an NBA championship, with 104 to 98 victory over the Oklahoma City Thunder. That gives Miami a 3-to-1 lead in the series and a comforting statistic for Heat fans to think about until tomorrow night's game 5. No team in NBA history has come back from a 3-1 deficit in the finals. NPR sports correspondent Tom Goldman joins us now to talk about it.
NPR's business news starts with the Fed in the spotlight.
U.S. stocks rallied yesterday largely on a belief among investors that the Federal Reserve will take further action to stimulate the economy. The Fed concludes a two-day meeting around noon today. Afterwards, Chairman Ben Bernanke will hold a news conference to explain the Fed's strategy.
As NPR's John Ydstie reports, there are several things the Fed could do to try to boost growth, but whether they'd be effective is debatable.
Geologists have noticed a remarkable increase in the number of small earthquakes in the U.S. They suspect the cause to be waste water wells. That's where polluted water from industrial processes is pumped deep underground. Now, none of the quakes have caused serious damage. But as NPR's Christopher Joyce reports, the seismic spike casts doubt on plans to bury underground all sorts of unwanted stuff.
The State Department on Tuesday cited abuses in Thailand's huge fishing industry as part of an annual worldwide report on Trafficking in Persons. The report noted that men from Cambodia and Myanmar, also known as Burma, are trafficked aboard Thai ships and forced to work against their will. They include men like Vannak Prum, a Cambodian who spent three years on such a boat. Prum was among those honored at the State Department on Tuesday.
There hasn't been a school strike in Chicago for 25 years. But the current contract between Chicago teachers and the Chicago Public Schools expires at the end of next week, and tensions between the teachers union, the school district and Mayor Rahm Emanuel are ratcheting higher.
Chicago Teachers Union members outmaneuvered the mayor, school officials and anti-union education groups by overwhelmingly approving a measure that allows teachers to strike if contract negotiations fall flat.
Among the dozens of athletes hoping to leap, throw or run their way to London as part of the U.S. track and field team is 24-year-old runner Shannon Leinert.
Leinert, who will compete in the 800-meter dash, has dreamed of the Olympics since she was 10 and winning races in St. Louis, her hometown. If that weren't enough, she's also working on a doctoral degree in special education.
The Obama administration's use of drones to kill suspected terrorists in foreign countries may be President Obama's biggest legacy in the fight against terrorism.
One privilege — or burden — of the Oval Office is that each inhabitant gets to decide how dirty to get his hands in wartime. President Truman made the ultimate decision to use the atomic bomb, while President Kennedy chose not to use a nuclear weapon in the Cuban Missile Crisis.
With a single policy directive last week, President Obama took control of an issue of special importance to Hispanics this election year. Obama announced illegal immigrants younger than 30 who are brought to the U.S. as children and who meet other standards will not be subject to deportation.
Saturday is the 40th anniversary of Title IX, which, although almost nobody anticipated it then, resulted in women's gaining the right to participate in sports commensurate with their numbers attending college.
Title IX not only had a huge effect on women's participation in sports, but also, culturally, it influenced the way both men and women view the idea of women and athletics. It's mattered greatly in our American society.