The Los Angeles Auto Show begins today. It's the first of America's car shows and it's where manufacturers put their best foot forward or try to reinvent themselves. One those carmakers is Honda. Honda's production was badly hurt by Japan's earthquake and tsunami, and as it was getting back on track, the floods in Thailand crippled production again. But as NPR's Sonari Glinton reports from the L.A. Auto Show, natural disasters may be the least of Honda's problems.
Energy Secretary Steven Chu appeared before a House oversight subcommittee Thursday to defend his agency's decision to lend $500 million in federal money to Solyndra, a company that made solar panels and is now bankrupt. The company is the subject of numerous federal investigations.
NPR's business news starts with oil prices hovering around $99 a barrel. Oil has gone up sharply since last month, partly because of signs of improvement in the U.S. economy. Also because of tensions in some oil producing regions, which could affect supplies. Still, the debt crisis in Europe is holding prices below that psychologically important $100 a barrel mark. Benchmark crude was trading in Asia this morning at about $98.90. Transcript provided by NPR, Copyright National Public Radio.
The child sex abuse scandal at Penn State is raising more and more questions about who knew what, when and what actions were, or were not taken. Elements of the unfolding scandal remain quite confusing. Former assistant football coach Jerry Sandusky is charged with abusing young boys.
Let's consider now, those vehicles that offer something really cheap - the food trucks that have become so popular. At the L.A. Auto Show, Nissan has on display a new truck specially designed for mobile restaurateurs. Our last word in business today is: culinary concept car.
The Los Angeles auto show is open to the public beginning Friday. It's the first of the U.S. car shows, and it helps set the pace for the new year in the auto industry. Some of the hottest cars there are big luxury vehicles, and the tiny one are terrific too.
Newt Gingrich served as speaker of the House of Representatives for four turbulent and productive years.
From 1995 through 1998, Congress forced a government shutdown, overhauled the welfare system, balanced the budget for the first time in decades and impeached a president for the second time in history.
Gingrich was in the middle of those debates, fiery in his rhetoric, yet willing to compromise and work with a Democratic president.
All families have Thanksgiving traditions, and longtime NPR listeners know that Susan Stamberg is always willing to divulge her own. Every year since 1972, Stamberg has shared her mother-in-law's now famous cranberry relish recipe on the radio. Stamberg says the relish — a shocking pink, like Pepto-Bismol — sounds terrible, but tastes terrific.
With Wednesday's deadline looming, the congressional supercommittee still seems far from an agreement, causing concern that failure could send financial markets into a spiral.
The bipartisan panel, charged with finding budget cuts or new revenues to reduce the deficit by at least $1.2 trillion over the next 10 years, is a child of the summer's debt-ceiling debate. It was an escape hatch for Congress and the president when they couldn't reach agreement on big deficit-reduction measures. That game of chicken helped to send the stock market sliding.