Business
1:00 am
Thu January 12, 2012

The Last Word In Business

Originally published on Thu January 12, 2012 4:01 am

Transcript

STEVE INSKEEP, HOST:

And today's last word in business is plastics.

(SOUNDBITE OF MOVIE, "THE GRADUATE")

WALTER BROOKE: (as Mr. McGuire) Just one word.

DUSTIN HOFFMAN: (as Ben Braddock) Yes, sir?

BROOKE: (as Mr. McGuire) Are you listening?

HOFFMAN: (as Ben Braddock) Yes, sir. I am.

BROOKE: (as Mr. McGuire) Plastics.

INSKEEP: That's a character in the movie "The Graduate," offering career advice to a young Dustin Hoffman.

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Business
1:00 am
Thu January 12, 2012

Business News

Over the next three years, RBS will cut 3,500 jobs. That's in addition to more than 30,000 layoffs that happened over the last two years. In the U.S., RBS runs Citizens Bank with branches in about a dozen states.

Election 2012
1:00 am
Thu January 12, 2012

Romney's Rivals Try To Chip Away At Romney's Lead

While GOP presidential candidate Mitt Romney savored his second consecutive win in the Republican nominating process, those who finished behind him in New Hampshire also continued on to South Carolina. They are hoping that it is in the Palmetto state where they can get his campaign to to stumble before it becomes unstoppable.

Election 2012
1:00 am
Thu January 12, 2012

Romney Campaign Heads South Hoping For 3 Win

Originally published on Thu January 12, 2012 3:16 am

Transcript

(SOUNDBITE OF MUSIC)

DAVID GREENE, HOST:

It's MORNING EDITION from NPR News. Good morning. I'm David Greene.

STEVE INSKEEP, HOST:

And I'm Steve Inskeep. It's safe to say that plenty of Republicans would like to see a presidential candidate besides Mitt Romney.

GREENE: It's equally safe to say that at the moment they don't have one. Five of Romney's rivals are struggling to break through after he won both Iowa and New Hampshire.

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Adam Davidson is co-founder and co-host of Planet Money, a co-production of NPR and This American Life. He also writes the weekly "It's the Economy" column for the New York Times Magazine.

His work has won several major awards including the Peabody, DuPont-Columbia, and the Polk. His radio documentary on the housing crisis, "The Giant Pool of Money," which he co-reported and produced with Alex Blumberg, was named one of the top ten works of journalism of the decade by the Arthur L. Carter of Journalism Institute at New York University. It was widely recognized as the clearest and most entertaining explanation of the roots of the financial crisis in any media.

Karen Grigsby Bates is the Los Angeles-based correspondent for NPR News. Bates contributed commentaries to All Things Considered for about 10 years before she joined NPR in 2002 as the first correspondent and alternate host for The Tavis Smiley Show. In addition to general reporting and substitute hosting, she increased the show's coverage of international issues and its cultural coverage, especially in the field of literature and the arts.

David Welna is NPR's congressional correspondent.

Serving in this role since the final days of the Clinton administration and primarily following the Senate, Welna reports on many issues he covered earlier in his career reporting both inside and outside of the United States. In addition he's covered the September 11, 2001 attacks, the wars that followed, and the economic downturn and recession. Prior to this position, Welna covered the 2000 presidential election and the post-election vote count battle in Florida.

Business
9:01 pm
Wed January 11, 2012

Luxury Tractor Makes Debut At Detroit Auto Show

Craftsman's CTX tractor series is the first to be featured at the Detroit Auto Show. The newly unveiled line is equipped with many automobile-inspired features, including cup holders.
Mercedes Mejia

At the 2012 North American International Auto Show, it's clear that the industry's love affair with alpha-numeric designations hasn't waned. There's the ATS, the 700C, the MKZ. Now comes the CTX, a new line of Craftsman riding lawn mowers. They are fast, powerful and loaded with amenities.

"Everybody knows that Detroit's the national stage for cars — Motor City is where autos come from. So this show made perfect sense to come here and launch the tractor," says Onney Crawley, Craftsman's director of brand management for lawn and garden.

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Planet Money
9:01 pm
Wed January 11, 2012

The History Of Factory Jobs In America, In One Town

A shuttered cotton mill in Greenville County, South Carolina
scmikeburton Flickr

For more, see Adam Davidson's cover story in this month's issue of The Atlantic.

Greenville County, South Carolina is where manufacturing's past and future live side by side. This is not a metaphor; it's a visible fact. In South Carolina, and throughout America, factories produce more than ever. Yet in Greenville, there are abandoned textile mills everywhere you look.

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Economy
9:01 pm
Wed January 11, 2012

Project's Promise Of Jobs Has Appalachia Seeing Stars

Visitors view a photo montage of Royal Dutch Shell's Ethylene Cracker Complex during its opening ceremony in Singapore in 2010. The company is expected to announce plans soon for an ethylene cracker plant in Ohio, Pennsylvania or West Virginia.
Munshi Ahmed Bloomberg

Originally published on Tue August 7, 2012 12:42 pm

Ever since the collapse of the domestic steel industry, blue-collar workers living in the mountain towns near the border of Pennsylvania, West Virginia and Ohio have struggled to find jobs.

But last June, Shell Oil Co. announced it would build a huge petrochemical refinery somewhere in that Appalachian region. The plant, known in the industry as a "cracker," could bring billions of investment dollars and thousands of jobs.

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