Business & Education

Around the Nation
2:00 am
Wed October 9, 2013

High-End Extras Aren't A Sure Bet For Tribal Casinos

Yvonne Smith is the director of La Rive Spa at Northern Quest Resort and Casino in Washington state. Across the country, Native American tribes are hoping high-end extras will draw visitors to casinos.
Jessica Robinson Northwest News Network

Originally published on Wed October 9, 2013 8:53 am

What used to be no-frills slot parlors off the highway are turning into resort-style destinations with spas, golf courses and luxury hotels. Native American tribes are hoping these added amenities will give them an edge in an increasingly competitive gaming market.

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The Two-Way
6:35 pm
Tue October 8, 2013

Obama Will Tap Janet Yellen As Fed Chairwoman

Federal Reserve Vice Chair Janet Yellen speaks at an international monetary conference in Shanghai on June 3, 2013.
Peter Parks AFP/Getty Images

Originally published on Tue October 8, 2013 6:53 pm

The White House says President Obama intends to nominate Federal Reserve Vice Chairwoman Janet Yellen to chair the Federal Reserve, once Ben Bernanke completes his term in January.

If confirmed, Yellen, 67, would be the first woman to head the American central bank.

Obama is scheduled to make the announcement at 3 p.m. ET. Wednesday.

The Wall Street Journal reports:

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It's All Politics
5:41 pm
Tue October 8, 2013

Shutdown Diary: Obama Takes On The Default Deniers

At a Tuesday news conference, President Obama underscored Democrats' refusal to negotiate with Republicans on bills to reopen the government and raise the debt ceiling.
Charles Dharapak AP

Originally published on Tue October 8, 2013 7:30 pm

On Day 8 of the federal government's partial shutdown, President Obama called House Speaker John Boehner. But the morning phone call produced no movement toward resolution, according to readouts by aides to both men.

Here are some of Tuesday's news highlights:

President Obama

Obama gave his first lengthy press conference since early August, answering questions for more than an hour.

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Your Money
3:36 pm
Tue October 8, 2013

Ups And Downs In Oil And Gas But Gas Remains A Cheaper Heat

Originally published on Thu October 24, 2013 1:18 pm

Transcript

MELISSA BLOCK, HOST:

You're listening to ALL THINGS CONSIDERED from NPR News. For many parts of the country, winter has already struck and struck hard. Residents in those areas have started turning up their thermostats and according to federal predictions, they're likely to notice an increase in how much it costs to heat their homes. As Fred Bever from member station WBUR reports, after years of natural gas being the cheapest heating option out there, the price is starting to go up.

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Politics
3:36 pm
Tue October 8, 2013

By The Numbers: The Cost Of The Federal Government Shutdown

Originally published on Tue October 8, 2013 6:24 pm

As the partial government shutdown continues into its eighth day, All Things Considered takes a look at what's been happening both in and out of Washington.

Economy
3:36 pm
Tue October 8, 2013

It's All About The (New, More Secure) Benjamins, Baby

Originally published on Tue October 8, 2013 6:24 pm

A government shutdown isn't stopping the release of a new 100-dollar bill. We'll take a look at the new Ben's high-tech makeover.

It's All Politics
3:09 pm
Tue October 8, 2013

House GOP's Latest Idea: A Fiscal Supercommittee, Sort Of

Rep. Pete Sessions (R-Texas) at the hearing where he discussed his bill to create a bipartisan committee to tackle fiscal issues.
C-SPAN screen shot

Originally published on Tue October 8, 2013 3:56 pm

The latest House GOP gambit in the fiscal fight is ... wait for it ... a supercommittee.

But Republicans aren't calling it a supercommittee since that's the term for the failed panel that brought us the the sequester.

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Your Money
11:09 am
Tue October 8, 2013

Pyramid Schemes: If It Looks Too Good To Be True, It Probably Is

Transcript

MICHEL MARTIN, HOST:

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It's All Politics
11:06 am
Tue October 8, 2013

D.C. Bars And Restaurants Feel Shutdown Squeeze

Originally published on Tue October 8, 2013 2:14 pm

Federal employees aren't the only ones feeling the heat in Week 2 of the government shutdown.

D.C. bars and restaurants are also getting nervous about just how long their customers will be out on furlough — and how that might dent their bottom line. While attendance at local happy hours was up in the past week, according to some reports, there are serious concerns about whether that can last with so many government workers sent home.

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The Government Shutdown
10:59 am
Tue October 8, 2013

Obama's Absence At Asia Summit Seen Hurting U.S. Trade

Indonesian President Susilo Bambang Yudhoyono speaks Tuesday at the Asia-Pacific Economic Cooperation summit on the Indonesian resort island of Bali. President Obama missed the meeting due to the budget impasse in Washington.
Beawiharta/Pool EPA/Landov

Originally published on Tue October 8, 2013 2:49 pm

Imagine a poker table.

At one seat, China's President Xi Jinping studies his cards. At another, Russian President Vladimir Putin is stroking his chin. Asian leaders fill the other seats, each trying to win the pot, which is filled — not with poker chips — but with jobs.

That's the kind of high-stakes game that played out this week in Indonesia, where global leaders got together to discuss trade relations. Their gathering ended Tuesday, and exactly who won what is not yet clear.

But this much is known: President Obama was not at the table.

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The Two-Way
7:11 am
Tue October 8, 2013

Senate Democrats Could Set Up Test Vote On Debt Ceiling

Senate Majority Leader Harry Reid of Nevada speaks at a news conference last week on the government shutdown.
Win McNamee Getty Images

Originally published on Tue October 8, 2013 10:14 am

Senate Democrats might introduce a measure to raise the debt ceiling, even as the debate over a spending bill to restart the federal government drags on.

The Associated Press reports:

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It's All Politics
7:05 am
Tue October 8, 2013

Tuesday Morning Political Mix

Despite all the warning signs, U.S. leaders continue to barrel toward a debt default with no one yet willing to step on the brakes.
SAUL LOEB AFP/Getty Images

Originally published on Tue October 8, 2013 7:18 am

Good morning, fellow political junkies. It's Day 8 of the partial shutdown of the federal government. Among the only certainties: many federal workers are a day closer to missing a paycheck and the nation is a day closer to hitting the debt ceiling.

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Business
3:37 am
Tue October 8, 2013

Job Cuts In The Works At Alcatel-Lucent

Originally published on Tue October 8, 2013 7:26 am

Transcript

STEVE INSKEEP, HOST:

NPR business news begins with high-tech job cuts.

(SOUNDBITE OF MUSIC)

INSKEEP: The French and American telecommunications manufacturer, Alcatel-Lucent, confirmed this morning it plans to cut 10,000 jobs worldwide. A company statement said 2,100 of those cuts will be from its operations in North and South America.

Now Alcatel-Lucent has been losing money for years. About a quarter of its staff are based in the United States, where the company runs the Nobel Prize-winning Bell Labs research facility.

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Research News
3:37 am
Tue October 8, 2013

Theorists Compare Government Shutdown To A Not-So-Fun Game

Originally published on Tue October 8, 2013 7:26 am

Transcript

STEVE INSKEEP, HOST:

So, we're in the second week of the government shutdown, and just over a week from now, federal borrowing authority expires, making it possible the federal government could fail to pay many of its legal obligations that Congress previously approved. At the center of both issues is House Speaker John Boehner, who last week accused Democrats of letting the shutdown continue because Democrats felt they were winning.

REPRESENTATIVE JOHN BOEHNER: This isn't some damn game.

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Law
3:37 am
Tue October 8, 2013

Jury Selection To Begin For Trial Of Madoff Employees

Originally published on Tue October 8, 2013 7:26 am

Transcript

RENEE MONTAGNE, HOST:

Nearly five years after Bernie Madoff was arrested for fraud, some of his former employees are about to go on trial in New York. The trial is expected to focus on how much the employees knew about Madoff's multibillion dollar Ponzi scheme. Jury selections gets under way today.

STEVE INSKEEP, HOST:

NPR's Jim Zarroli reports.

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