There were 439,000 first-time claims for unemployment insurance last week, up by 78,000 from the week before, the Employment and Training Administration says. Behind the big increase: Superstorm Sandy, which threw some people in the Mid-Atlantic onto the unemployment rolls and shut down state unemployment offices the week before — meaning that some claims were postponed into last week.
Originally published on Thu November 15, 2012 5:32 pm
Update at 11:30 a.m. ET: Oil giant BP has agreed to plead guilty to criminal misconduct related to the 2010 Gulf Oil spill and will pay a record $4 billion in criminal penalties, the company just confirmed. And it will pay $525 million in civil penalties in a resolution with the Securities and Exchanges Commission. BP will make the payments over six years.
Good morning. I'm Steve Inskeep. First, they taxed the rich, and the people said nothing. Then they went after the Nutella. The French Senate approved a measure tripling the tax on palm oil and other vegetable oils. It would sharply raise the cost of making Nutella, a popular chocolate and hazelnut spread. The tax is meant to cut down on obesity, but has prompted an outcry from Nutella lovers. And the maker of the spread promises the recipe will not change. It's MORNING EDITION. Transcript provided by NPR, Copyright NPR.
An Israeli soldier lies on the ground as missiles are fired from an Iron Dome anti-missile station on Thursday near the city of Beer Sheva, Israel. The Iron Dome was activated to intercept incoming rockets launched from Gaza.
Anthony Kuhn talks with Linda Wertheimer on 'Morning Editon'
Update at 1:30 p.m. ET. Firing Continues:
"Intensive fire" has continued through the day across the border of Israel and the Gaza Strip, correspondent Linda Gradstein, who is in Jerusalem, tells our Newscast Desk.
Hamas has now fired more than 130 rockets toward southern Israel and the Israeli military continues to fire at targets in Gaza. Palestinian officials report at least 13 deaths on their side of the border. The death toll in Israel remains at three.
White House spokesman Jay Carney today told reporters that:
Along with the news about the Gen. David Petreus scandal, we've been hearing about lavish social events given in the Tampa, Fla., area. A lot of military brass from MacDill Air Force Base, where U.S. Central Command is headquartered, go to these events. Linda Wertheimer talks to Ben Montgomery, a reporter with the Tampa Bay Times, about how the scandal is playing out around Tampa.
Hostess Brands, famous for processed treats like Twinkies and Ding Dongs, says it will go into liquidation if striking bakers do not return to work this afternoon. This could see the layoffs of nearly 18,000 workers. The bakers walked out over wage and benefit cuts. Analysts say the company's most iconic brands would likely be bought by other companies if Hostess goes out of business. Transcript provided by NPR, Copyright NPR.
Originally published on Thu November 15, 2012 6:07 am
Republicans claim President Obama's plan to raise taxes on the wealthy will cost the economy 700,000 jobs. Another study from the Congressional Budget Office puts the number of lost jobs as 200,000. But both studies also assume millions of new jobs will be created.
When President Obama sets off to Asia this weekend to highlight his so-called pivot to the region, he will make a bit of history: Obama will become the first sitting U.S. president to visit Myanmar.
The country, also known as Burma, was a pariah state for decades, ruled by a ruthless military dictatorship. That is changing, and the Obama administration has encouraged a dramatic reform process in the country. But it may be too early for a victory lap.