NPR's business news starts with new rules for Glaxo.
(SOUNDBITE OF MUSIC)
WERTHEIMER: The head of British - the British drug maker GlaxoSmithKline, told The New York Times yesterday that the company will stop paying doctors to promote its drugs. Pharmaceutical firms commonly pay physicians to speak at medical conferences - a practice criticized as a conflict of interest.
Many economists and investors think there's a good chance that at the end of their two-day meeting that begins Tuesday, Federal Reserve policymakers will announce that they'll begin reducing their $85 billion monthly stimulus, their third round of quantitative easing, or QE3.
The analysts think recent economic data, like a drop in the unemployment rate to 7 percent and a budget deal in Washington, have brightened the outlook for the economy enough that the Fed can pull back.
When you picture a housing development in the suburbs, you might imagine golf courses, swimming pools, rows of identical houses.
But now, there's a new model springing up across the country that taps into the local food movement: Farms — complete with livestock, vegetables and fruit trees — are serving as the latest suburban amenity.
Democrats in Congress are promising to try to retroactively extend emergency unemployment benefits after the new year. With the House already in recess, the benefits are expected to expire at the end of the month.
The Senate is still in Washington working on a bipartisan budget agreement passed by the House before it left town last week, but the bill does not include a benefits extension.
California is regarded as the leading state when it comes to addressing climate change. But in 2012, according to analysts at Rhodium Group, California's carbon emissions actually increased more than 10 percent, bucking the national trend of decreases. That's in large part because California shut down one of its few remaining nuclear power plants.
That rise in carbon emissions underscores the huge impact nuclear power can have in efforts to combat climate change.
Are American kidsbeing adequately prepared in the sciences to compete in a highly competitive, global high-tech workforce? A majority of American parents say no, according to a poll by NPR, the Robert Wood Johnson Foundation and the Harvard School of Public Health.
Four decades ago, Austin, Texas, had a population of 250,000 and a reputation as a laid-back oasis of liberal politics and live music. Today, the Austin metro area is home to 1.8 million people and has some of the nation's worst traffic congestion.
For years, the city has done little to address the growing problem. But most in the Texas capital now agree something has to change if Austin is to save what's left of its quirky character.
Country music singer and songwriter Ray Price died Monday at the age of 87 at his ranch in Texas. Price was a Grammy Award Winner and who had more than 100 country hits in his decades-long career. A 1996 Country Music Hall of Fame inductee, he was credited with pioneering a shuffle beat and walking bass line that became standard in Texas dance halls.
Originally published on Mon December 16, 2013 7:00 pm
At the moment, Washington fiscal policy is a good news, bad news story.
The good news is that the budget agreement, overwhelmingly passed by the House last week in a bipartisan vote, is likely to be approved by the Senate this week. That takes another costly government shutdown off the table.
The bad news? Another debt ceiling fight, with all the attendant risks of a U.S. government default, appears to be right around the corner.