5:13am

Fri November 16, 2012
Asia

Sips And Dips: Spa Celebrates Beaujolais Noveau

Transcript

LINDA WERTHEIMER, HOST:

Good morning. I'm Linda Wertheimer. A Japanese spa resort made quite a splash yesterday in a pool spiked with Beaujolais Nouveau, the first vintage of the season from the famous French wine region. The fresh and fruity drink was released yesterday. The spa near Mt. Fuji celebrated with wine in glasses, as well: sips and dips for spa customers. The spa also promised beautiful, smooth skin. It's MORNING EDITION. Transcript provided by NPR, Copyright National Public Radio.

3:26am

Fri November 16, 2012
Economy

Everyone 'Has To Participate' To Avoid Fiscal Cliff

Transcript

STEVE INSKEEP, HOST:

Listen carefully to both President Obama and Republican leaders, and you hear hints of room for compromise. They're talking of taxes and spending as a deadline approaches, December 31st, when higher taxes and spending cuts would take effect. That would reduce the federal deficit, but also damage the economy, according to forecasters.

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3:17am

Fri November 16, 2012
Business

FHA Faces Shortfall From Mortgage Losses

Transcript

STEVE INSKEEP, HOST:

NPR's business news starts with more mortgage problems.

(SOUNDBITE OF MUSIC)

INSKEEP: Independent auditors released a report this morning, showing that the Federal Housing Administration is facing a shortfall from losses on the mortgages it insures. The Obama administration says it's going to take steps to prevent a taxpayer bailout.

As NPR's Ailsa Chang reports, the FHA has been struggling since the foreclosure crisis hit four years ago.

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3:08am

Fri November 16, 2012
National Security

Petraeus To Testify At Closed Congressional Hearings

Originally published on Fri November 16, 2012 8:36 am

Transcript

STEVE INSKEEP, HOST:

It's MORNING EDITION, from NPR News. I'm Steve Inskeep.

LINDA WERTHEIMER, HOST:

And I'm Linda Wertheimer. Former CIA Director David Petraeus is testifying before two congressional committees today. He's been called to discuss the CIA's role in the attack at the U.S. Consulate in Benghazi, back in September; an attack that took the lives of four Americans, including Ambassador Christopher Stevens. This also happens to be General Petraeus' first public appearance on Capitol Hill since he resigned over an extramarital affair.

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2:47am

Fri November 16, 2012
Economy

U.S. Mayors Concerned About Fiscal Cliff Cuts

Originally published on Fri November 16, 2012 4:49 am

The two biggest fears of the fiscal cliff are defense cuts and tax hikes. The nation's mayors say the devastating effects of automatic cuts reach further than the Defense Department — right into their own cities. Steve Inskeep talks to the Democratic Mayor of Charleston, S.C., Jospeh Riley and Republican Mayor Scott Smith of Mesa, Ariz., about the impact sequestration could have in their cities.

2:47am

Fri November 16, 2012
Middle East

Price Hikes Lead To Deadly Protests In Jordan

Originally published on Fri November 16, 2012 4:27 am

Transcript

STEVE INSKEEP, HOST:

Israel's neighbor Jordan had largely avoided the unrest sparked by the Arab Spring until now. Jordan's king has outlasted protests that have been much smaller than in other nations, but a government move to raise fuel prices sparked fresh protests and even calls for King Abdullah to step down. A protester who died in a clash with police has become a symbol of protesters' fury. NPR's Leila Fadel has the story.

UM QAIS: (Speaking foreign language)

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2:47am

Fri November 16, 2012
Middle East

Gaza Violence, Israel

Originally published on Sun November 18, 2012 7:25 am

Transcript

LINDA WERTHEIMER, HOST:

As Israel and Hamas continue launching attacks, residents of the Israeli city of Tel Aviv and communities to its south remain on alert for missile strikes. Sheera Frenkel reports that many fear the current round of violence is nowhere close to being over.

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2:47am

Fri November 16, 2012
Middle East

Egypt Tries To Broker Cease-Fire In Gaza Strip

Originally published on Mon November 19, 2012 12:09 pm

Transcript

LINDA WERTHEIMER, HOST:

This is MORNING EDITION, from NPR News. I'm Linda Wertheimer.

STEVE INSKEEP, HOST:

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2:47am

Fri November 16, 2012
Business

The Last Word In Business

Originally published on Fri November 16, 2012 5:30 am

Honda, which has long aspired to launch off the road and into the skies, is one step closer to that goal. It has started production on its HondaJet. It's a twin jet engine aircraft, being assembled in North Carolina, aimed at the business market. Industry insiders call it the "Honda Civic of the skies."

1:37am

Fri November 16, 2012
Planet Money

It's Legal To Sell Marijuana In Washington. But Try Telling That To A Bank.

Originally published on Mon November 19, 2012 12:03 pm

David McNew Getty Images

Voters in Washington and Colorado just approved measures legalizing marijuana for recreational use. But businesses that want to sell marijuana in those states will face a problem: No bank wants to do business with them.

I called several banks in Washington. I called a local credit union, a tiny bank in the San Juan islands. Everybody said basically the same thing. Even if selling marijuana is legal under state law, it's still illegal under federal law. And banks and credit unions worry that this could get them in trouble.

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