In Louisville, Ky., local businessman John Timmons is trying to figure out what's next after selling music for more than a quarter of a century.
Timmons owned ear X-tacy records for 26 years here. The shop closed at the end of October. On a recent visit, dead roses, farewell notes and other mementos are taped to the glass doors. Fans of the shop have also been slipping notes of support under the door.
The Occupy Wall Street movement has directed much of its anger at giant banks, which are no strangers to customer complaints. Some of those who have been burned by high fees in recent years are now satisfying their banking needs with a giant retailer instead, as Wal-Mart surges into the financial sector with a pre-paid, reloadable debit card called the MoneyCard.
In rural India, deep in Punjab — about 90 minutes from the Pakistani border — getting clean drinking water is a challenge. Well water often has high levels of dangerous chemicals. Surface water is contaminated with pesticides and agricultural waste.
Getting adequate health care is equally challenging. Government hospitals are often far away, and lines are long.
Here, in places like a dusty rural town called Rajiana, a 2-year-old company called Healthpoint Services is trying to figure out how to bring clean water and health care to rural communities on a global scale.
The congressional supercommittee's failure to act is supposed to trigger hundreds of billions of dollars in spending cuts for the Pentagon starting in 2013. But even cuts that large don't come close to cutbacks in military spending in years past.
The Pentagon already plans to cut about $500 billion from its budget over 10 years. Now, it faces another $500 billion in cuts. For the military, that's the worst case: 10 years, $1 trillion in cuts.
Director Michel Hazanavicius met me at the Bradbury building in downtown L.A. It's the location of a key scene in his audacious new movie The Artist, which takes place just at the moment when talking pictures supersede silent films.
"It's mythic," said Hazanavicius of the era during which Charlie Chaplin, Douglas Fairbanks and Mary Pickford were stars.
In the scene shot here, a dashing film star reminiscent of Fairbanks bumps into his lovely young protégé on the building's remarkable staircase. He's on his way down; she's on her way up.
President Obama Monday put the blame for the supercommittee's failure squarely on congressional Republicans — and their unwillingness to consider higher taxes on the wealthy. Obama also threatened to veto any effort to escape from the automatic spending cuts agreed to in August without a balanced plan to reduce the deficit. Robert Siegel talks to NPR's Scott Horsley for more.
Originally published on Mon November 21, 2011 5:12 pm
When the bipartisan supercommittee on the federal debt was formed four months ago, there was more than a little skepticism that the 12-member group could come up with $1.2 trillion in savings and avoid a severe round of automatic government budget cuts.
On Monday, with the deadline fast approaching and no plan in sight, it looked like the skeptics were on the verge of being proved right.