NPR's business news begins with a global bank settlement.
It's the big Swiss bank, UBS. It announced this morning that it will pay a total of $1.5 billion in fines for its role in rigging the interbank lending rate known as LIBOR. The settlement will be paid to Swiss, British and American regulators.
It's MORNING EDITION, from NPR News. Good morning. I'm David Greene.
STEVE INSKEEP, HOST:
And I'm Steve Inskeep.
Even before the events of the last few days, Congress had a busy agenda. Lawmakers are negotiating over taxes and spending that could affect the economy in the year ahead, not to mention almost every part of the federal government and the take-home pay for millions of Americans.
Greece got a rare bit of good news late yesterday. Standard and Poor's upgraded the country's credit rating six notches to a B minus. I mean, not the worst grade on your report card, but in the financial world this is junk bond status.
Still, Joanna Kakissis reports from Athens that there is a more stable outlook.
If the sheer variety of holiday music that pops up each winter is any indication, there's no genre that can't handle a little Christmas spirit. This year, Louisiana country singer Sammy Kershaw decided to test that theory with the sounds of the bayou. His new album of Cajun-infused holiday songs is called A Sammy Klaus Christmas.
They used to call it the "vanity press," and the phrase itself spoke volumes. Self-published authors were considered not good enough to get a real publishing contract. They had to pay to see their book in print. But with the advent of e-books, self-publishing has exploded, and a handful of writers have had huge best-sellers.
I've never had any interest in hunting. Among other things, I'm a terrible shot, but I have friends who hunt, and it appears to me to be a perfectly reasonable sports hobby — certainly every bit as honorable as fantasy football. Moreover, shooting a deer or a duck with a bullet seems to me no more inhuman than catching a trout or a marlin with a hook.
Oh, sometimes I get a little piqued that those who hunt and fish are ennobled as "sportsmen," while people who play golf are just golfers and people who bowl are just bowlers. But then, that's just me being picayune.
Gov. Rick Snyder has vetoed a bill that would have allowed concealed pistols to be carried in schools and other places where they had been banned. The Michigan legislature had approved the legislation when its lame-duck session ended Thursday — one day before the Newtown elementary school shootings.
As NPR's Rick Pluta reported for today's Morning Edition, Snyder has said that Friday's tragedy played a role in his consideration of the bill: