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NPR Story
6:12 am
Fri February 15, 2013

The Last Word In Business

Originally published on Fri February 15, 2013 8:39 am

Transcript

LINDA WERTHEIMER, HOST:

Let's catch up on yesterday's $23 billion bid to buy H.J. Heinz Company. Warren Buffett is one of the investors. The Oracle of Omaha is famous for snatching up American staples, like ketchup.

RENEE MONTAGNE, HOST:

Lesser known is one of Buffet's partners in the acquisition - a Brazilian, equally found of American companies.

Today's last word in business is: another oracle?

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NPR Story
6:12 am
Fri February 15, 2013

Effects Of Automatic Spending Cuts Become Clearer

Originally published on Fri February 15, 2013 8:39 am

Transcript

RENEE MONTAGNE, HOST:

This is MORNING EDITION from NPR News. I'm Renee Montagne.

LINDA WERTHEIMER, HOST:

And I'm Linda Wertheimer.

As we've been hearing, clock is ticking on the sequester. That is the Washington term for the across-the-board cuts that will take effect March 1, unless Congress acts to put them off.

The impact the $85 billion reduction in government programs could have became a bit clearer yesterday, as NPR's Brian Naylor reports.

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Politics
6:12 am
Fri February 15, 2013

Automatic Budget Cuts Near As Democrats, GOP Stand Firm

Originally published on Fri February 15, 2013 8:39 am

Transcript

LINDA WERTHEIMER, HOST:

It's MORNING EDITION from NPR News. I'm Linda Wertheimer.

RENEE MONTAGNE, HOST:

And I'm Renee Montagne.

With Congress headed for a recess, prospects are dimming for a deal to keep the nation from falling off the next fiscal cliff - sequestration. That's the term for automatic spending cuts that go into effect March 1.

NPR's Mara Liasson explains how the White House and Congress got to this impasse and why it's so hard to get past it.

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The Two-Way
5:03 am
Fri February 15, 2013

The 27th Victim: Nancy Lanza Is Subject Of 'Frontline' Documentary

Wooden angels memorialize the victims of Adam Lanza's shooting spree in Newtown, Conn., last December. An upcoming Frontline documentary seeks to provide new details about Lanza and his mother, Nancy.
Emmanuel Dunand AFP/Getty Images

Originally published on Fri February 15, 2013 8:13 pm

The lives of the 26 people murdered by Adam Lanza at Sandy Hook Elementary School last December were eulogized and celebrated after the tragedy. But many discussions about Lanza's first victim, his mother, Nancy, were marked by both sympathy and suspicion, particularly as the news emerged that she had taken her son to shooting ranges.

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Economy
2:31 am
Fri February 15, 2013

In Kansas, A 'Glide Path' To No Income Taxes. Will It Work?

Kansas Gov. Sam Brownback, shown delivering the State of the State address last month, is pushing to get rid of the state's income tax, which has some Republicans concerned.
Charlie Riedel AP

Originally published on Fri February 15, 2013 9:47 am

Kansas Gov. Sam Brownback has put the state on what he calls a "glide path to zero" income tax. But that glide path is far from being clear or smooth.

On the face of it, Brownback seems to enjoy a remarkably strong political position. He's a conservative Republican, flanked by GOP supermajorities in both legislative chambers. His allies helped purge moderate Republicans from the state Senate in last year's election.

"I think the road is open," Brownback says. "I think we do provide an alternative model. I think we do provide a red-state model."

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Movie Interviews
2:31 am
Fri February 15, 2013

The Story Of 'No' Is The Story Of Modern Chile

The bright colors and throwback feel of the Chilean drama No mask the very real political consequences of the 1988 plebiscite it depicts. (Pictured: Gael Garcia Bernal as Rene Saavedra)
Sony Pictures Classics

Originally published on Fri February 15, 2013 8:39 am

The film No revisits the moment in Chile's history when 56 percent of the country voted to oust a dictator from power. It's the tale of the ad campaign that helped persuade Chileans to cast their ballots against Gen. Augusto Pinochet in a national referendum.

"This is an epic story, the story of a triumph," says Director Pablo Larrain. "It's how they defeat a dictator — probably one of the biggest bastards that we ever had in humankind."

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StoryCorps
2:09 am
Fri February 15, 2013

A Husband And Wife Blessed Late In Life

The Caplans. Louis, 76, and Harriet, 67, visited StoryCorps in Santa Fe, N.M.
StoryCorps

Originally published on Fri February 15, 2013 8:39 am

Harriet and Louis Caplan's love story began 20 years ago in a college town in Kansas. Harriet was 48 and working at a bank. Louis was a 56-year-old physicist.

Both assumed they'd be single for the rest of their lives — until their paths crossed.

It began with Wednesday evening outings when a group would meet after work.

"We went to football games and concerts, and I still don't quite know how it happened, but instead of going in two separate cars, you and I would start going in the same car," Harriet remembers. "I don't think we ever had a date."

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Business
10:22 am
Thu February 14, 2013

Buffett's Berkshire Hathaway To Buy Heinz

Originally published on Fri February 15, 2013 3:05 am

Warren Buffett is teaming up with another big investor in the $28 billion deal. Berkshire Hathaway has been looking for places to invest, with other recent deals involving consumer icons Coca-Cola and Mars.

Hudson Valley News
8:54 am
Thu February 14, 2013

Maloney pushes for federal funding for new TZ Bridge

Credit Claire P's Photostream Flickr

WASHINGTON – Congressman Sean Patrick Maloney (D- Cold Spring) lobbied for federal funding for the new Tappan Zee Bridge during a hearing on infrastructure needs in the country held by the House Transportation and Infrastructure Committee held in Washington on Wednesday.

Maloney is a member of that committee, who supports the bridge project and urged the Transportation Secretary to approve the federal loan guarantees.

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New York News
8:32 am
Thu February 14, 2013

NYS audit finds MTA is sitting on $90M

Credit CoreMedia Product Demo's photostreamSend Flickr

A New York State audit finds that the MTA overlooked over $90 million sitting in various bank accounts.

State Comptroller Thomas DiNapoli says the agency did a poor job managing its cash on hand. He said it had excess bank accounts and no set targets for short-term investing of billions of dollars.

The audit made several recommendations on how the MTA could improve management of its cash and investments.

In its response, the agency said it rigorously monitors its funds, balances and investments.

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