Good morning. I'm Renee Montagne with a credit card that's worth its weight in gold. For those who want to buy bling with bling, a bank in Kazakhstan plans to offer a Visa card made of gold, plus a couple of dozen diamonds and mother of pearl. It will require $100,000 upfront and an annual fee of $2,000, but there are no late fees and you get a free iPhone. It won't be the first bejeweled card, just the first made of pure gold. It's MORNING EDITION. Transcript provided by NPR, Copyright NPR.
Good morning. I'm Linda Wertheimer. Does technology enrich our lives? This weekend in Glasgow, Scotland, it did. A Bank of Scotland ATM was dispensing cash at double the amount requested. Lines formed around the block until the police came. The bank says it's unlikely they'll try to get their money back. And they apologize for, quote, "any inconvenience caused." We suspect no apologies needed. It's MORNING EDITION. Transcript provided by NPR, Copyright NPR.
Originally published on Tue December 4, 2012 5:23 pm
The election was over. As President Obama faced the press in the East Room of the White House on Wednesday, the anger and bitterness of his long battle with Mitt Romney seemed to have faded. Unlike President George W. Bush after his 2004 re-election — and his comments about having political capital and intending to spend it — Obama seemed a bit more humble victor, talking more about compromise and saying he was willing to hear other points of view to solve the nation's problems.
NPR's business news begins with credit card debt rising.
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MONTAGNE: Americans are running up more debt on their credit cards, and that could be a good sign. The average American had almost $5,000 of credit card debt in the third quarter of 2012, up almost 5 percent over the previous quarter.
Emergency managers around the nation have been paying close attention to the aftermath of Hurricane Sandy. From California, NPR's Richard Gonzales a look at what lessons disaster planners there say they've learned.
RICHARD GONZALES, BYLINE: Superstorm Sandy didn't sneak up on anybody.
CHRISTOPHER GODLEY: They had days of warning before it made landfall, before the damage really started to occur, so people could prepare themselves, their families, their neighborhoods.
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.
And in Austin, Texas, after a five-year absence, Formula One racing returned to the U.S. A Formula One track called the Circuit of the Americas, was inaugurated over the weekend in a race won by Lewis Hamilton. Formula One is immensely popular in Europe and much of the world, but it's failed to win a big audience in the U.S., dwarfed by the homegrown culture of NASCAR and the Indy circuit.
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.