Hostess Brands today begins the process of selling off its assets in a bankruptcy court in New York. That process has struck fear in the hearts of lovers of the sugary-sweet Hostess products, like Twinkies, Ding Dongs and Ho Hos. Sensing a Twinkie panic and a possible shortage, over the weekend some entrepreneurs took to eBay, offering up many Hostess brands at some very exorbitant prices.
As the Northeast states take stock of the destruction caused by Hurricane Sandy, a new concern is coming into focus. New York and New Jersey have dozens of superfund sites close to the shore. Some of these toxic zones were flooded by Sandy's storm surge.
RENEE MONTAGNE, HOST:
Ilya Marritz, of member station WNYC, reports that in New Jersey's largest city there are worries that toxic chemicals may have been swept into people's homes.
This is MORNING EDITION, from NPR News. I'm Linda Wertheimer.
RENEE MONTAGNE, HOST:
And I'm Renee Montagne.
The day had started with more intense air attacks between Israel and the militant Hamas rulers of Gaza. Overnight air raids pushed the Palestinian death toll to more than 90, with more than 700 wounded. The numbers on the Israeli side are dramatically lower, with three dead so far.
Hamas militants have fired hundreds of missiles at Israel since the conflict intensified last week. Many of those missiles have fallen prey to Iron Dome, the U.S.-funded anti-missile system deployed in key areas across Israel.
In the southern Israeli city of Beersheba, guests at a wedding had barely managed to get through the hors d'oeuvres when a siren sounded warning of incoming rocket fire.
But instead of taking cover, the guests point at the sky and gawk as Israel's Iron Dome missile interceptor system explodes six Hamas rockets in midair.
It's an anniversary that most Americans can celebrate — the birthday of the big-box store. Discount shopping as we know it began 50 years ago. In 1962, enterprising retailers invented Wal-Mart, Target and Kmart.
The White House and Congress continue to work on a deal that avoids the fiscal cliff and cuts deficits in the long run. One of the biggest hurdles is President Obama's proposal to raise tax rates for the wealthy.
Republicans think a better course would be to raise revenue by closing loopholes and limiting deductions for high-income people. The question is, could that method raise enough money.
President Obama is now about to enter into a series of difficult talks on the so-called debt ceiling and the impending fiscal cliff. Lawmakers have until Dec. 31 to come up with a deal to prevent $700 billion from being cut from the federal budget.