Yesterday's ruling on health care took the financial markets by surprise. Stocks were mixed with some shares finishing the day sharply higher. By the end of the day, stock traders seemed to shrug off the ruling.
This is MORNING EDITION from NPR News. I'm Linda Wertheimer.
RENEE MONTAGNE, HOST:
And I'm Renee Montagne. The Supreme Court's decision to uphold President Obama's health care law defied many predictions: the outcome, the legal grounds, and the makeup of the court majority. For Chief Justice John Roberts, his definitive court opinion was either a triumph of judicial restraint, or a sellout, depending on who you talk to.
Bishop Ricardo Ramirez's grandmother lived a long and full life. But it was the way Francisca Espitia approached her final years that may have impressed her grandson the most.
Ramirez, 75, recently visited StoryCorps to remember his grandmother, whom he called Panchita, in a family story that begins in 1981. That's when he was elevated to bishop in the church. The occasion called for a reception — so Ramirez called his grandmother.
In the crowded heart of the Mexican capital, a fictional one-eyed private investigator shares a dingy flat with a flock of ducks and a rotating cast of lovers.
The central character in Paco Ignacio Taibo II's crime novels is Hector Belascoaran Shayne, a former engineer who got a "certificate in detection" through a correspondence course. Belascoaran is a cynical, bumbling private eye who marvels at the chaotic street life unfolding around him in Mexico City.
Depending on whom you ask, the Supreme Court's decision to uphold the federal health care law will either help businesses grow or it will make them more hesitant to hire.
Thursday's decision to uphold the law, including the provision requiring individuals to buy insurance, has some far-reaching implications in the business world.
Dan Danner, CEO of the National Federation of Independent Business, a business lobby that helped bankroll the suit seeking to strike down the law, said the 5-4 decision was unambiguously bad for business.
With just two days left before Mexicans elect a new president, polls show that the candidate of the former ruling party is poised to win the race by a wide margin. But there are those who don't want to see a return of the PRI, which ruled Mexico for more than 70 years until 2000 with a mix of corruption and cronyism. They say their best hope is leftist PRD party candidate Andres Manuel Lopez Obrador.
The Supreme Court's decision to uphold nearly all of the Affordable Care Act may move the debate to the presidential campaign trail. But it shifts much of the burden of implementing the law to the states.
States are actually responsible for the lion's share of getting people without insurance covered under the health law.
We have been devoting this hour of MORNING EDITION to the Supreme Court's decision upholding President Obama's signature health care law that came through less than two hours ago. Within minutes of the court's decision to uphold the Affordable Care Act, health care related stocks swung up and then down.
There was a lot of speculation about how the Supreme Court would decide, but almost every prognostication was wrong: from who the swing vote would be (it was Chief Justice John Roberts, who wrote the opinion), to what the basis for the opinion would be (it wasn't the Commerce Clause).
The law was upheld thanks to Chief Justice John Roberts, who sided with the court's more liberal wing, on a very narrow grounds: Instead of saying Congress has the authority to regulate interstate commerce, they said Congress has the authority to levy taxes. And the penalty for people who do not have health care is a tax and therefore constitutional.
Originally published on Thu June 28, 2012 11:21 am
Renee Montagne and Linda Wertheimer has the latest on the Supreme Court's ruling on the Affordable Care Act. The court ruled that the law — with its "individual mandate," or requirement that virtually all Americans buy health insurance — is constitutional.
The Supreme Court has just wrapped up its term with one of the most consequential cases in decades.
LINDA WERTHEIMER, HOST:
The justices have ruled that the landmark health care law that has become a signature of Barack Obama's presidency is largely upheld. The opinions run hundreds of pages. We're looking at all those pages now and we'll bring you detailed news and analysis all morning.
Good morning. I'm Linda Wertheimer with a culinary misadventure. Even before Austrian police pulled over three trucks near the Hungarian border yesterday, they could sense something kinky - make that stinky. The trucks had foreign license plates, were way overloaded and police did not need sniffer dogs to know what kind of contraband they'd captured. More than nine tons of stolen Spanish garlic, presumably bound for goulash. It's MORNING EDITION. Transcript provided by NPR, Copyright National Public Radio.
Good morning. I'm Renee Montagne. The NBA draft is today. And the likely number one pick has two amazing physical features. Anthony Davis is 6'10" and he'll make millions with his shot-blocking skills. He's also got a famous unibrow. Davis has just trademarked the phrases his unbroken brow has inspired - fear the brow and raise the brow. Davis told CNBC not even a deal with a razor company could get him to shave it. It's MORNING EDITION. Transcript provided by NPR, Copyright National Public Radio.
In Washington, House and Senate negotiators have reached a deal to fund highway and transportation projects for the next two years. This averts what could have been a dramatic shutdown after years of temporary extensions. The Senate could vote as soon as today, with the House likely to vote Friday.
And we reported, yesterday, that Rupert Murdoch's media conglomerate News Corp. was considering splitting itself into two separate companies. The company's board of directors approved a split last night.
A massive wildfire near Colorado Springs is threatening thousands of homes and the nearby Air Force Academy. Fire management officials have issued mandatory evacuation orders for more than 30,000 homes. New students are set to arrive at the Air Force Academy on Thursday.
Tonight, one of the most famously dysfunctional Hollywood stars is coming back to television. Charlie Sheen's new sitcom, on FX, is called "Anger Management." Last year, he was the star of "Two and a Half Men," but his erratic behavior led CBS to fire him. TV critic Eric Deggans says the big question is whether people really want to watch more Charlie Sheen on the small screen.
ERIC DEGGANS: My best tip for enjoying Charlie Sheen's new show?
Almost 20 years ago, a young student at the National University of Mexico went in search of a very old instrument in the mountains of the southern state of Oaxaca. Today, he has become a leading force in the revival of the instrument called the bajo quinto and the music played on it.
Ruben Luengas was working on a research project at the National School of Music in Mexico City in 1995. He wanted to focus on the music of his hometown, in the Mixtec region of Oaxaca, so he asked his 97-year-old grandmother to tell him about the music played at her wedding.
In the chicken and pork industries, nearly every aspect of the animals' raising has long been controlled by just a handful of agriculture conglomerates. But the cattle industry is still populated by mom-and-pop operations, at least at the calf-raising level.
After taking all 50 of its nuclear reactors offline following a devastating accident last year, Japan is planning to restart the first of two of them in western Fukui prefecture as early as Sunday.
The catastrophe at the Fukushima Dai-ichi nuclear plant in March 2011 forced Japan to scale back plans to aggressively expand its nuclear energy sector. But the highly controversial move to restart the two reactors on the other side of the country is a sign that the nuclear power lobby isn't throwing in the towel yet.
David Henry Hwang is a playwright from Los Angeles, currently living in New York, who has dealt with issues of cultural identity in his work, especially as it pertains to the Asian-American experience. He spoke to NPR's Morning Edition about his thoughts on the American dream.
"I define the American dream as the ability to imagine a way that you want your life to turn out, and have a reasonable hope that you can achieve that.