The Environmental Protection Agency says the Asarco copper smelter in Hayden, Arizona, has been continuously emitting illegal amounts of lead, arsenic and eight other dangerous toxins, for the last six years. The agency's finding means Asarco could face millions of dollars in fines and could be forced to install expensive pollution controls. The EPA disclosed the action last week to NPR and the Center for Public Integrity, which were jointly investigating toxic air pollution in the town.
Good morning. I'm Renee Montagne. President Obama has one less thing to worry about, thanks to an Australian insurance company. On his visit down under, he's insured against a crocodile attack. When he gets to the city of Darwin, he'll be presented with a $51,000 policy. Now, it's not the first time locals have instituted extra measures to protect the American president. When Mr. Obama visited India, crews trimmed coconuts off the trees to ensure none fell on his head. It's MORNING EDITION. Transcript provided by NPR, Copyright NPR.
Target is scheduled to open at midnight on Black Friday. Target employee Anthony Hardwick of Nebraska started the petition asking the retail chain to open later. He says before working all night, he'd have to miss a Thanksgiving gathering to get enough sleep.
Today, Chrysler is expected to announce plans to add more than 1,000 jobs at an assembly plant in Ohio. Local officials there have reportedly signed off on tax incentives for the plant expansion in Toledo. It's where Chrysler makes the Jeep Liberty and Wrangler.
And our last word in business today is save the tanooki.
(SOUNDBITE OF LAUGHTER)
MONTAGNE: The animal rights group People for the Ethical Treatment of Animals is attacking Nintendo's new video game "Super Mario 3-D Land." In the game, Super Mario sometimes wears the skin of a tanooki, which is a raccoon dog. Steve, you may have to finish...
STEVE INSKEEP, HOST:
Oh no, come, no, no. It's fine. Come on, it's a raccoon dog. It's a nice animal.
Let's remember a bit of very recent history. Back in August, Congress came close to defaulting on U.S. government debts. Republicans wanted big cuts in spending. They finally got some, but a deal with President Obama pushed more deficit reductions off to the future, to a bipartisan committee which has been meeting this fall, and now has one week left until its deadline to reach a deal.
Republican presidential hopeful Newt Gingrich is rising in the polls, but Rick Perry is back in the spotlight after some proposals he made in Iowa yesterday. The Texas governor wants Congress to take a 50 percent pay cut, as part of a sweeping plan to overhaul the government.
And here's a follow-up to the dramatic scandal at Olympus, which we've been following on this program. It's one of Japan's most respected corporations - or it was. Now executives Olympus are facing criminal charges and prison sentences. The company may be delisted from the Tokyo Stock Exchange, and may also go bankrupt. All this after revelations of dubious acquisitions and allegations of massive accounting fraud. From Tokyo, Lucy Craft has more.
The House Financial Services Committee voted on Wednesday to suspend nearly $13 million in bonuses paid to executives at Fannie Mae and Freddie Mac. The measure would also prohibit future bonuses. The Senate is expected to take up similar legislation.