Our last word in business today comes from a giant in the advertising industry. Her name is Shelly Lazarus. The Brooklyn native began working at the ad agency Ogilvy and Mather at a time when the industry looked much like the one portrayed in the TV show "Mad Men."
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An industry run mostly by men. It was 1971 when Shelly Lazarus arrived at the company, fresh from Columbia University, with an MBA - a time when few women were earning business degrees.
Good morning. I'm Linda Wertheimer. Much excitement about a big bid on a New Zealand public transit train offered on an online auction. The broken-down train has close to three million miles on it. It's over 60 years old. That's significantly older than the highest bidder, who is four years old. The tech-savvy toddler's $30,000 bid has been removed, and the posting now reads: Adults only. This is not a toy. It's MORNING EDITION. Transcript provided by NPR, Copyright NPR.
To Florida now, where yesterday's Supreme Court decision came as a complete shock to some elected officials. Florida's Republican Governor Rick Scott and his administration have done as little as possible to comply with the law. But now that the Supreme Court has acted, NPR's Greg Allen reports from Miami that Florida officials have some tough decisions ahead.
This is MORNING EDITION, from NPR News. I'm Renee Montagne.
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And I'm Linda Wertheimer.
The Supreme Court surprised almost everyone yesterday when it upheld the heart of President Obama's health care law: a requirement that everyone either have insurance or pay a fine or tax. It's a big victory for president. It also gives his challenger, Mitt Romney, some important opportunities.
Here's NPR's national political correspondent, Mara Liasson.
Just last week, Republican leaders were warning their rank and file not to gloat if the health care law were overturned. Well, after the decision came yesterday, GOP leaders regrouped and vowed to keep fighting. NPR's Andrea Seabrook reports.
ANDREA SEABROOK, BYLINE: House Majority Leader Eric Cantor stepped up to the microphone.
REPRESENTATIVE ERIC CANTOR: If for nothing else, today's health care decision underscores the importance of this election.
The Supreme Court's decision on health care yesterday was just one of several handed down this week. The justices also struck down mandatory life sentences for juveniles, citing cruel and unusual punishment.
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There are more than 2,000 inmates serving mandatory life sentences for crimes they committed as minors. The high court said judges should be allowed to consider mitigating factors such as a young defendant's immaturity or the circumstances of his or her upbringing.
NPR's business news starts with a new owner for Modelo.
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MONTAGNE: The world's biggest brewer, Anheuser-Busch InBev, announced today it's becoming bigger. The Belgian company says it's buying the rest of the Mexican brewer known for the beer, Corona. InBev had already owned a non-controlling stake and is paying more than $20 billion for full control. Analysts say the buy will help InBev move into new markets. Transcript provided by NPR, Copyright NPR.
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.
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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.
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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.