The new boom in natural gas from shale has changed the energy economy of the United States. But there's another giant reservoir of natural gas that lies under the ocean floor that, theoretically, could dwarf the shale boom.
No one had tapped this gas from the seabed until this week, when Japanese engineers pulled some up through a well from under the Pacific. The gas at issue here is called methane hydrate. Methane is natural gas; hydrate means there's water in it. In this case, the molecules of gas are trapped inside a sort of cage of water molecules.
At a hearing in Washington on March 6, Attorney General Eric Holder admitted to senators why it has been hard to go after big bank executives:
"It does become difficult for us to prosecute them when we are hit with indications that if you do prosecute, if you do bring a criminal charge, it will have a negative impact on the national economy, perhaps even the world economy. And I think that is a function of the fact that some of these institutions have become too large."
Backpedaling, the Obama administration is now admitting that it released more than 2,000 undocumented immigrants from immigration jails because of budget contraints prompted by the sequester.
Earlier, the Associated Press ran a story citing the number, but officials from Immigration and Customs Enforcements said the number was actually in the hundreds. The 2,000 number included routine ins and outs, ICE said in a statement disputing the AP report.
Alabama Gov. Robert Bentley wasted no time in signing legislation providing tax credits to parents who send their children to private schools instead of failing public schools.
The Alabama Supreme Court decided late Wednesday afternoon to throw out a lower court order that kept the Legislature from sending the bill to the governor for signing. The Legislature delivered the bill Thursday morning and Bentley signed it just before 11 a.m.
Originally published on Thu March 21, 2013 9:37 am
A bunch of private colleges have been in a financial aid arms race for years now, offering bigger and bigger merit scholarships to lure the best students.
This is nice for the students who get big merit scholarships. But it's not so nice for everybody else. Colleges have to come up with the money for those merit scholarships somehow — and they've done it in part, by jacking up tuition. (We did a story on this last year.)
The veteran reporter has recently moved from ABC News to CNN where he now hosts his own show and serves as Chief Washington Correspondent. In Part II of this interview, Tapper talks about fact-checking the Swift Boat Veterans for Truth and blow back from the White House after asking tough questions.
Let's consider a company, now, that's had lots of ups and downs - General Motors. Most of GM's history is in the form of cars, and that history is housed in a nondescript warehouse in a suburb of Detroit. It's called the GM Heritage Center. Not open to the public, it's an automotive archive.
NPR's Sonari Glinton got a tour.
SONARI GLINTON, BYLINE: There's probably no better job for a car nut than to be in charge of a vast auto archive for one of the biggest and oldest car companies.
NPR's business news starts with Samsung's new star.
At least the company hopes it is a star. Samsung is planning to unveil its new Galaxy S4 smartphone tonight in New York City, throwing down a new challenge to Apple's iPhone. The new Galaxy will be the flagship device on Google's Android platform, which dominates the smartphone market.
STEVE INSKEEP, HOST:
Samsung is now the sales leader for the industry, selling almost 385,000,000 cell phones last year.
And today's last word in business is: Life on Mars.
The TV show "Veronica Mars" starred Kristen Bell as a teenage detective. Critics loved it. It gained a lot of devoted fans, but the show was canceled in 2007 after three seasons.
RENEE MONTAGNE, HOST:
Yesterday, the show's creator took to Kickstarter to raise money to make a movie version of the show. And in less than 12 hours, those devoted fans pledged more than $2 million, smashing the site's records along the way.
Google employees play chess at the company's Russian headquarters in Moscow. Experts say tech companies are using "serendipitous interaction" in their workplace design to promote idea sharing and communication between employees.
When Yahoo CEO Marissa Mayer decided to end full-time work-from-home arrangements at her company, a cultural firestorm ignited. But it was just the latest step in Mayer's effort to transform Yahoo's culture.
When the company was founded in the 1990s, it was one of the most exciting places to work in Silicon Valley. Those days are over; Yahoo has fallen woefully behind in the talent wars and now is trying to catch up.
American Apparel boasts that all of its products are made in the USA, primarily at its Los Angeles headquarters. Selling garments produced largely by machine, rather than by hand, has helped the company remain profitable.