Originally published on Sun December 9, 2012 12:53 pm
The expiration of Bush-era tax cuts. A patch to the alternative minimum tax. An increase in capital gains taxes.
As the "fiscal cliff" approaches, all of these are possible, but none certain. That uncertainty solicits many questions from anxious taxpayers. But, for accountants and financial planners, there are a few definitive answers.
Financial professionals who spoke with NPR say they are not strangers to uncertainty. When the Bush tax cuts were up for expiration two years ago, for instance, the feeling was similar.
Three years of euro-zone recession have badly hurt Spain's media sector, where some 8,500 journalists have lost their jobs. Dozens of newspapers have closed and the remaining publications are sharply cutting back as ads plummet.
That's led to warnings from journalists, who see a threat to press freedom at a time when Spaniards want to understand why their financial stability is unraveling.
The economic crisis in Greece is strangling the country's hospitals, where budgets have been slashed by more than half. As a result, nearly all doctors in both public and private hospitals have seen their pay cut, delayed or even frozen.
"On top of that, we lack basic supplies to do our jobs," says Vangelis Papamichalis, a neurologist at the Regional Hospital of Serres in northern Greece and a member of the doctors union here. "We run out of surgical gloves, syringes, vials for blood samples and needles to sew stitches, among other things."
The advantages to making products in the U.S. are starting to stack up — and companies are taking notice. Among them are Apple, which announced Thursday it plans to start producing some of its Mac computers here instead of in China, and General Electric, which is making big investments at home.
It's WEEKENDS on ALL THINGS CONSIDERED from NPR News. I'm Guy Raz.
We're talking about the small but significant trend called insourcing, manufacturing things here in the U.S. Earlier this year, Bayard Winthrop opened up a sweatshirt and hoodie business in San Francisco, and he called it American Giant. He's got 10 people in the front office and up to 150 workers in a factory where his entire line, soup to nuts, is made in America.
In a startling move, Egyptian President Mohammed Morsi appears to have reversed a controversial presidential decree that granted him extraordinary powers and launched weeks of protest. NPR's Soraya Sarhaddi Nelson is in Cairo. She's covering that story and joins us now. And, Soraya, tell us what's going on.
There's an event held every year in Washington known as the Saban Forum — named for Haim Saban, the Israeli-American media mogul who funds it. It's a night of elbow-rubbing between D.C. and Middle East political leadership, though foreign dignitaries are mostly Israeli.
Hurricane Sandy wrecked hundreds of thousands of cars all along the New York and New Jersey shorelines, and could cost auto insurers around $800 million. That's not their only problem; disposing of these water-damaged vehicles is not so simple.
If you have comprehensive coverage on a damaged car, the insurance company gives you a check and the car disappears from your life. But then what?