Originally published on Wed December 18, 2013 7:09 pm
Updated at 10:27 a.m. ET: Moving Ahead:
The Senate voted 67 to 33 on Tuesday to move forward on the two-year, bipartisan budget plan that restores some of the automatic spending cuts of recent years, trims spending in other areas and appears to have put on hold until 2015 the bitter battles that led to this year's partial government shutdown.
The Seahawks 23-to-nothing victory over the New York Giants is great news for Seattle, except for the folks at Jet Chevrolet. The Seattle-area dealership pledged to give 12 people $35,000 apiece if the Seahawks shut out the Giants. The car guys never expected to pay up. What are the odds? But just in case, they insured the bet, so they're only out about seven grand.
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NPR's business news starts with new rules for Glaxo.
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WERTHEIMER: The head of British - the British drug maker GlaxoSmithKline, told The New York Times yesterday that the company will stop paying doctors to promote its drugs. Pharmaceutical firms commonly pay physicians to speak at medical conferences - a practice criticized as a conflict of interest.
For 160 years, the pianos made by Steinway & Sons have been considered the finest in the world. So when hedge fund billionaire John Paulson recently bought the company, it struck fear in the hearts of musicians: Would the famously handcrafted pianos be changed, for the sake of efficiency? Paulson, who owns several Steinways himself, says nothing will change.
Six states will soon be chosen as commercial drone test sites. So major companies like Amazon say they're hoping to use drones to ship products. But first, the Federal Aviation Administration has to figure out how to fly them safely in civilian airspace. Nevada is one of the states that wants to give commercial drones a try, as Will Stone from member station KUNR reports.
You're listening to MORNING EDITION on NPR News. I'm Linda Wertheimer.
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There's another milestone today in the long effort to eliminate Syria's chemical weapons. The international overseeing the effort is unveiling more details of its plan and this is all a bit complicated. The first stage could be the hardest - moving the chemicals overland in the middle of a civil war to a Syrian port.
And today's last word in business is a Christmas con.
Just when we want to be thinking about generosity around the holidays, a story of extortion.
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Police in Italy have arrested four alleged mafia gangsters for forcing shop owners to buy poinsettias for as much as $140 each. Owners who refused to partake in the Christmas special would have their shops vandalized.
Democrats in Congress are promising to try to retroactively extend emergency unemployment benefits after the new year. With the House already in recess, the benefits are expected to expire at the end of the month.
The Senate is still in Washington working on a bipartisan budget agreement passed by the House before it left town last week, but the bill does not include a benefits extension.
Many economists and investors think there's a good chance that at the end of their two-day meeting that begins Tuesday, Federal Reserve policymakers will announce that they'll begin reducing their $85 billion monthly stimulus, their third round of quantitative easing, or QE3.
The analysts think recent economic data, like a drop in the unemployment rate to 7 percent and a budget deal in Washington, have brightened the outlook for the economy enough that the Fed can pull back.
When you picture a housing development in the suburbs, you might imagine golf courses, swimming pools, rows of identical houses.
But now, there's a new model springing up across the country that taps into the local food movement: Farms — complete with livestock, vegetables and fruit trees — are serving as the latest suburban amenity.
California is regarded as the leading state when it comes to addressing climate change. But in 2012, according to analysts at Rhodium Group, California's carbon emissions actually increased more than 10 percent, bucking the national trend of decreases. That's in large part because California shut down one of its few remaining nuclear power plants.
That rise in carbon emissions underscores the huge impact nuclear power can have in efforts to combat climate change.
Are American kidsbeing adequately prepared in the sciences to compete in a highly competitive, global high-tech workforce? A majority of American parents say no, according to a poll by NPR, the Robert Wood Johnson Foundation and the Harvard School of Public Health.
Four decades ago, Austin, Texas, had a population of 250,000 and a reputation as a laid-back oasis of liberal politics and live music. Today, the Austin metro area is home to 1.8 million people and has some of the nation's worst traffic congestion.
For years, the city has done little to address the growing problem. But most in the Texas capital now agree something has to change if Austin is to save what's left of its quirky character.