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 5:07 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.
Good morning. I'm Linda Wertheimer. A driver delivering takeout for a Chinese restaurant left his car running while he ran in an order. He comes back and guess what? No car. He called his boss, who called the next customer on the route to apologize. But they had their takeout. The car thief-turned delivery man made a few extra bucks. But at the next house on his route the cops were waiting. It's MORNING EDITION. Transcript provided by NPR, Copyright NPR.
The word nonprofit evokes the image of a charity or a church, an educational institution, public radio station. But David Evans of Bloomberg Markets Magazine took a closer look at the world of nonprofits and discovered something that he considered suspicious. Even though many nonprofits make millions and millions in profits, they pay no taxes.
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And I'm Linda Wertheimer.
More than two weeks after Sandy hit the Northeast, thousands of people in New Jersey are still unable to return to their homes. And as NPR's Laura Sydell reports, finding temporary housing has proven to be a confusing and difficult process for many storm victims.
Congress is beginning a busy post-election session. Lawmakers have weeks to prevent higher taxes and spending cuts due to take effect at the end of the year. Then there are hearings on the deaths of four Americans in Benghazi, Libya and the scandal over the affair that ended the career of CIA Chief David Petraeus. Here's NPR's David Welna.