A tax-the-rich proposal named after Warren Buffett has little chance of passing this year, but that hasn't stopped the debate over what impact it would have.
Some economists are skeptical that a 30 percent minimum tax on people with million-dollar incomes — known as the "Buffett rule" — would do much to reduce the deficit or boost the economy. But the Obama administration says the proposal is necessary to make the tax code more equitable.
The World Bank is expected to announce its new president in the next several days. For the past six decades, the bank has been led by an American. President Obama has already nominated Dartmouth College President Jim Yong Kim for the job. But for the first time in its more than 60-year history, there is serious international competition for the job.
If E.J. Delacruz, 18, were elected, he would be the youngest person ever to hold political office in Hawaii. Not that it will be easy. A state representative is running for the same job, which also has an incumbent seeking re-election.
Police are still investigating whether the Tulsa shootings were racially motivated. We do know some of Tulsa's history. It has a difficult history of race relations, including a riot in 1921 that left scores, if not hundreds, of people dead.
Scott Ellsworth has studied that event closely. He's a Tulsa native who now teaches African-American history at the University of Michigan. He's on the line from Michigan Radio.
Facebook likes Instagram. That's the top of our business news.
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INSKEEP: And they did more than just click the little thumbs up. Facebook is buying the photo application Instagram and the price is higher than it has ever paid for an acquisition - $1 billion; this for a company with only around a dozen employees. As somebody joked yesterday, why didn't they just download it?
As NPR's Laura Sydell reports, some analysts say the purchase is a defensive move.
Moving on to another billion dollar tech deal, Microsoft has agreed to pay AOL over $1 billion for hundreds of patents. Microsoft outbid several rivals, including Amazon and eBay, in a deal which saw AOL's stock price jump by over 40 percent. The over 800 patents include internet search, email and customized advertising and are seen as a push by Microsoft into the lucrative smartphone and tablet market.