Sign of the times: Markdowns at a discount clothing store in New York City last month. Such stiff competition for consumers' dollars is helping to keep inflation in check.
Twenty-two children and one adult are reported to have been injured at a school in China today by a man wielding a knife.
It happened in a village about 500 miles south of Beijing. As NPR's Louisa Lim tells our Newscast Desk, the attack is the latest of what has been a disturbing series of such incidents in recent years.
Originally published on Fri December 14, 2012 6:12 am
"The U.S. will send two batteries of Patriot missiles and 400 troops to Turkey as part of a NATO force meant to protect Turkish territory from a potential Syrian missile attack, the Pentagon said Friday." (The Associated Press)
That's what the University of Chicago is asking. The admissions office received mail addressed to Henry Walton Jones, Jr., aka Indiana Jones. The character is said to have attended the school. The package contained a dust-covered replica of the journal in the Raiders of the Lost Ark film.
Originally published on Fri December 14, 2012 4:02 am
The bank UBS has been in the middle of a huge investigation into interest rate manipulation. There are several reports that a subsidiary of UBS is making a settlement deal with U.S., British and Swiss officials.
The Consumer Price Index is one of the most familiar measures in economics and politics. But some in Washington want to change the way the index is calculated to better reflect people's shopping habits.
While the proposed change is described as a technical fix, it could also cut the federal deficit by hundreds of billions of dollars over the next decade.
Originally published on Fri December 14, 2012 3:06 am
Under fire from Republicans, U.S. Ambassador to the United Nations Susan Rice took herself out of the running to become the next secretary of State. Rice told President Obama that if she were to be nominated, the confirmation process would be "lengthy, disruptive and costly."
The term "right to work" has been in the news a lot this week. On Tuesday, Michigan became the 24th state to enact right-to-work legislation. It means unions can no longer require workers to pay full dues, even if they're working in a union shop.
Originally published on Fri December 14, 2012 3:35 am
As the negotiations drag on, the lack of progress means the key players have necessarily taken to repeating themselves. Sometimes, word-for-word, as they describe how they have worked for a solution while their opponents have stonewalled.
