After yesterday's drama — the move by police to clear lower Manhattan's Zuccotti Park of the Occupy Wall Street protesters who had been camping there for nearly two months — things are much different today.
Good morning. I'm Renee Montagne. President Obama has one less thing to worry about, thanks to an Australian insurance company. On his visit down under, he's insured against a crocodile attack. When he gets to the city of Darwin, he'll be presented with a $51,000 policy. Now, it's not the first time locals have instituted extra measures to protect the American president. When Mr. Obama visited India, crews trimmed coconuts off the trees to ensure none fell on his head. It's MORNING EDITION. Transcript provided by NPR, Copyright NPR.
In an email to a friend, Mike McQueary says he did speak with Penn State University police after seeing what he says was former assistant football coach Jerry Sandusky sexually assaulting a young boy in the team's locker room.
Harrisburg's Patriot-News writes that McQueary, who at the time of the 2002 incident was a graduate assistant with the football team and later became an assistant coach, says in the email that:
Target is scheduled to open at midnight on Black Friday. Target employee Anthony Hardwick of Nebraska started the petition asking the retail chain to open later. He says before working all night, he'd have to miss a Thanksgiving gathering to get enough sleep.
There's one week to go before the so-called supercommittee on Capitol Hill is supposed to come up with a deal that combines at least $1.2 trillion in budget cuts and revenue increases to narrow upcoming deficits over the next decade. If lawmakers don't reach an agreement, that amount of spending cuts are supposed to happen automatically — with about 50 percent coming from defense and 50 percent from domestic spending other than Social Security and Medicare.
Today, Chrysler is expected to announce plans to add more than 1,000 jobs at an assembly plant in Ohio. Local officials there have reportedly signed off on tax incentives for the plant expansion in Toledo. It's where Chrysler makes the Jeep Liberty and Wrangler.
The House Financial Services Committee voted on Wednesday to suspend nearly $13 million in bonuses paid to executives at Fannie Mae and Freddie Mac. The measure would also prohibit future bonuses. The Senate is expected to take up similar legislation.
And here's a follow-up to the dramatic scandal at Olympus, which we've been following on this program. It's one of Japan's most respected corporations - or it was. Now executives Olympus are facing criminal charges and prison sentences. The company may be delisted from the Tokyo Stock Exchange, and may also go bankrupt. All this after revelations of dubious acquisitions and allegations of massive accounting fraud. From Tokyo, Lucy Craft has more.
Let's remember a bit of very recent history. Back in August, Congress came close to defaulting on U.S. government debts. Republicans wanted big cuts in spending. They finally got some, but a deal with President Obama pushed more deficit reductions off to the future, to a bipartisan committee which has been meeting this fall, and now has one week left until its deadline to reach a deal.