Good morning. I'm Renee Montagne with a credit card that's worth its weight in gold. For those who want to buy bling with bling, a bank in Kazakhstan plans to offer a Visa card made of gold, plus a couple of dozen diamonds and mother of pearl. It will require $100,000 upfront and an annual fee of $2,000, but there are no late fees and you get a free iPhone. It won't be the first bejeweled card, just the first made of pure gold. It's MORNING EDITION. Transcript provided by NPR, Copyright NPR.
Good morning. I'm Linda Wertheimer. Does technology enrich our lives? This weekend in Glasgow, Scotland, it did. A Bank of Scotland ATM was dispensing cash at double the amount requested. Lines formed around the block until the police came. The bank says it's unlikely they'll try to get their money back. And they apologize for, quote, "any inconvenience caused." We suspect no apologies needed. It's MORNING EDITION. Transcript provided by NPR, Copyright NPR.
Originally published on Tue December 4, 2012 5:23 pm
The election was over. As President Obama faced the press in the East Room of the White House on Wednesday, the anger and bitterness of his long battle with Mitt Romney seemed to have faded. Unlike President George W. Bush after his 2004 re-election — and his comments about having political capital and intending to spend it — Obama seemed a bit more humble victor, talking more about compromise and saying he was willing to hear other points of view to solve the nation's problems.
NPR's business news begins with credit card debt rising.
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MONTAGNE: Americans are running up more debt on their credit cards, and that could be a good sign. The average American had almost $5,000 of credit card debt in the third quarter of 2012, up almost 5 percent over the previous quarter.
Emergency managers around the nation have been paying close attention to the aftermath of Hurricane Sandy. From California, NPR's Richard Gonzales a look at what lessons disaster planners there say they've learned.
RICHARD GONZALES, BYLINE: Superstorm Sandy didn't sneak up on anybody.
CHRISTOPHER GODLEY: They had days of warning before it made landfall, before the damage really started to occur, so people could prepare themselves, their families, their neighborhoods.
Two Iron Dome missiles launched near Ashdod, Israel, intercept a rocket fired by Palestinian militants from the Gaza Strip on Sunday. Israeli officials joke that a "cult of the Iron Dome" has developed, as Israelis have started running out of their homes, rather then into their bunkers, to film Iron Dome at work.
Hamas militants have fired hundreds of missiles at Israel since the conflict intensified last week. Many of those missiles have fallen prey to Iron Dome, the U.S.-funded anti-missile system deployed in key areas across Israel.
In the southern Israeli city of Beersheba, guests at a wedding had barely managed to get through the hors d'oeuvres when a siren sounded warning of incoming rocket fire.
But instead of taking cover, the guests point at the sky and gawk as Israel's Iron Dome missile interceptor system explodes six Hamas rockets in midair.
President Obama paid a historic visit to Myanmar today. The southeast Asian country, also known as Burma, is tiptoeing towards democracy after almost 50 years in military rule. Mr. Obama met with the former leader who is now the president of Burma and with opposition leader Aung San Suu Kyi, who is not a member of parliament after years of house arrest. The visit is the centerpiece of the president's three-day Asian tour, which is meant to underscore the United States' growing involvement in the region.
Hostess Brands today begins the process of selling off its assets in a bankruptcy court in New York. That process has struck fear in the hearts of lovers of the sugary-sweet Hostess products, like Twinkies, Ding Dongs and Ho Hos. Sensing a Twinkie panic and a possible shortage, over the weekend some entrepreneurs took to eBay, offering up many Hostess brands at some very exorbitant prices.