The Federal Reserve and five of the world's other major central banks just announced "coordinated actions ... to ease strains in financial markets" and make more credit available to consumers and businesses by pumping money into the global financial system.
"A huge spectrum" of government workers in the United Kingdom are striking today to show their anger over austerity plans.
As NPR's Philip Reeves told Morning Edition host Steve Inskeep earlier, "teachers, lecturers, immigration staff, tax officials, ambulance crews, midwifes, road sweepers, weather forecasters, librarians and many more" are planning to take part in what's being called Britain's biggest general strike in a generation.
Elvis Costello's box set includes three CD's, a vinyl record and a coffee table book. To get all this, however, you are asked to pay $225. Costello seems to be shocked. On a website, he declares, "we are unable to recommend this lovely item as the price appears to be either a misprint or a satire."
Originally published on Wed November 30, 2011 12:12 pm
The Occupy L.A. campsite near Los Angeles' city hall is "in shambles" this morning after police moved in to clear out protesters who had been ordered to leave, the Los Angeles Times writes. Tents have been "uprooted and strewn all over," the newspaper says.
Michael Jackson's personal physician has been sentenced to four years in prison for his role in the pop icon's death in 2009. Because of overcrowding in California's state prisons, Murray will serve his sentence in a downtown jail.
The fair-trade movement, which pays premiums to farmers in developing countries for meeting social and environmental standards, is growing quickly, and contentiously. The nation's largest fair-trade certifying agency has split from its international partner, hoping to expand the program to plantation-grown coffee. Some coffee sellers say the agency is just lowering standards to benefit corporate coffee companies, and consumers will be left confused.
And let's follow-up now on yesterday's news that American Airlines filed for Chapter 11 bankruptcy protection. It's part of an effort to cut debt and reduce labor costs. NPR's Sonari Glinton reports on what a post-bankruptcy American Airlines might look like.
SONARI GLINTON, BYLINE: During the economic downturn, American Airlines already pared down its work force. Analysts don't think there will be massive layoffs this time.
AARON GELLMAN: Many elements of labor are going to pay a terrible price for this.
The British government continues investigating the phone-hacking scandal at newspapers owned by Rupert Murdoch. More than a dozen journalists and editors have been arrested, top police and media executives have lost their jobs and an official ethics investigation may challenge the whole idea that the British press can regulate itself. And then, a former features editor for one of Murdoch's papers stole the show at a government hearing yesterday.