And now for today's business bottom line. Last summer's drought has brought bad news this fall - low crop yields, especially of corn; plus higher prices, and a prediction from the Department of Agriculture that corn exports will be at a 40-year low. The U.S. still is the world's biggest supplier of corn. But this year, American exporters won't be quite as dominant as usual, in the global corn market. From Missouri, Abbie Fentress Swanson reports on the impact this is having.
WERTHEIMER: Banks are rushing to add employees to meet the demand for home loans. Low interest rates have sparked a record wave of mortgage activity, and the need for more people to process the paperwork. Mortgage employment rose by 9 percent this year, to its highest level since the financial crisis in 2008. Transcript provided by NPR, Copyright National Public Radio.
Scientists working on NASA's six-wheeled rover on Mars have a problem. But it's a good problem.
They have some exciting new results from one of the rover's instruments. On the one hand, they'd like to tell everybody what they found, but on the other, they have to wait because they want to make sure their results are not just some fluke or error in their instrument.
The rumors that had been around for a couple of years have finally been confirmed: At long last, there's a film in the works about the turbulent life of Nina Simone, otherwise known as the "High Priestess of Soul."
Simone was famous from the 1950s through the '70s for her music and her civil rights activism. And although she died in 2003, her voice remains popular on TV, movie soundtracks and commercials.
The Justice Department has a big decision to make.
Parts of new laws in Colorado and Washington that legalize small amounts of recreational marijuana will take effect early next month. The Obama administration needs to choose whether it will sue to stop the legislation or let those states go their own way — even though the drug remains illegal under federal law.
Colorado Gov. John Hickenlooper, a Democrat, says the message he got from voters is unambiguous.
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.
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.