A new bipartisan study examines the latest Census data and finds that immigrants to the U.S., especially young immigrants, are assimilating well. Ruxandra Guidi reports from the Fronteras Changing America Desk.
Good morning. I'm Renee Montagne. President Obama has one less thing to worry about, thanks to an Australian insurance company. On his visit down under, he's insured against a crocodile attack. When he gets to the city of Darwin, he'll be presented with a $51,000 policy. Now, it's not the first time locals have instituted extra measures to protect the American president. When Mr. Obama visited India, crews trimmed coconuts off the trees to ensure none fell on his head. It's MORNING EDITION. Transcript provided by NPR, Copyright NPR.
Target is scheduled to open at midnight on Black Friday. Target employee Anthony Hardwick of Nebraska started the petition asking the retail chain to open later. He says before working all night, he'd have to miss a Thanksgiving gathering to get enough sleep.
Let's remember a bit of very recent history. Back in August, Congress came close to defaulting on U.S. government debts. Republicans wanted big cuts in spending. They finally got some, but a deal with President Obama pushed more deficit reductions off to the future, to a bipartisan committee which has been meeting this fall, and now has one week left until its deadline to reach a deal.
Republican presidential hopeful Newt Gingrich is rising in the polls, but Rick Perry is back in the spotlight after some proposals he made in Iowa yesterday. The Texas governor wants Congress to take a 50 percent pay cut, as part of a sweeping plan to overhaul the government.
Australia is the latest stop on President Obama's tour of the Pacific Rim countries that the president thinks should be the new focus of U.S. foreign policy. It is already the focus of a competition for influence with China.
And here's a follow-up to the dramatic scandal at Olympus, which we've been following on this program. It's one of Japan's most respected corporations - or it was. Now executives Olympus are facing criminal charges and prison sentences. The company may be delisted from the Tokyo Stock Exchange, and may also go bankrupt. All this after revelations of dubious acquisitions and allegations of massive accounting fraud. From Tokyo, Lucy Craft has more.
Today, Chrysler is expected to announce plans to add more than 1,000 jobs at an assembly plant in Ohio. Local officials there have reportedly signed off on tax incentives for the plant expansion in Toledo. It's where Chrysler makes the Jeep Liberty and Wrangler.
The House Financial Services Committee voted on Wednesday to suspend nearly $13 million in bonuses paid to executives at Fannie Mae and Freddie Mac. The measure would also prohibit future bonuses. The Senate is expected to take up similar legislation.
And our last word in business today is save the tanooki.
(SOUNDBITE OF LAUGHTER)
MONTAGNE: The animal rights group People for the Ethical Treatment of Animals is attacking Nintendo's new video game "Super Mario 3-D Land." In the game, Super Mario sometimes wears the skin of a tanooki, which is a raccoon dog. Steve, you may have to finish...
STEVE INSKEEP, HOST:
Oh no, come, no, no. It's fine. Come on, it's a raccoon dog. It's a nice animal.
As confounding as was the failure of Penn State officials to act, the consensus explaining the motives for their ignoble behavior is that, first, Joe Paterno didn't want to scar the reputation of himself or his football program; and then, university executives wanted to protect the reputation of the dear old coach and his moneymaking team.
Police officers removed Occupy Wall Street protesters from Zuccotti Park in New York City early Tuesday morning. Mayor Michael Bloomberg said the operation took place at night to "reduce the risk of confrontation." But clashes erupted and about 70 people were arrested.
Police temporarily cleared Zuccotti Park early Tuesday so that sanitation crews could clean the site Occupy Wall Street protesters have inhabited for two months. About 70 protesters were arrested including some who chained themselves together.
Veterans Day was last week, and with it came a reminder of a World War 1 strategy. Britain's Daily Telegraph reported on the fake city France was creating in hopes German bombs wouldn't hit the real Paris. The sham city was never finished because the war ended.
The Federal Housing Administration today issues its annual report to Congress. A Wharton School professor is warning the FHA's problems are worse than the agency is letting on. The professor predicts that taxpayers will have to provide another multi billion dollar bailout if the economy doesn't improve soon.
The video game "Batman: Arkham City" is one of the hottest titles of the year. Its publisher, Warner Brothers, has found several ways to make extra money from its sales. Renee Montagne talks to Kill Screen Magazine co-founder Jamin Warren about the industry's creative business models.
Donald Glover is a truly multifaceted talent. He is a stand-up comedian. He has written for the NBC show 30 Rock and Comedy Central's The Daily Show, and has attracted significant attention for his role on the NBC show Community. As if that weren't enough, he also raps under the moniker Childish Gambino, and has just released a new album called Camp.
The artist Makana was performing for President Obama and leaders of nations bordering the Pacific who were meeting in Honolulu. The singer opened his jacket to reveal an "Occupy with Aloha" T-shirt. And then launched into a protest song. Makana said the song did attract stares. Still, the Obamas appeared too busy with guests to notice.
With technocratic governments being formed in Italy and Greece, the euro may get a short-term bounce from the markets. But there is concern the changes afoot may not happen fast enough to end the eurozone debt mess.
And as Ari said just a moment ago, President Obama will be back in Washington just before that supercommittee's deadline. Before the president left for Hawaii, he picked up the phone and made calls to both the Democratic and Republican chairs of the group.
To talk about that and more, let's turn now to NPR's Cokie Roberts. Good morning.
COKIE ROBERTS, BYLINE: Hi, Renee.
MONTAGNE: Let's start with what those phone calls were about.
Analysts are predicting a fairly good year for retailers over the holiday season. Those sales are expected to increase 3 percent overall and go up 15 percent for online retailers. Plus, this is the first year tablets like the iPad may make an impact on the retail landscape.
And now let's see if you're manly enough to take the pain to make the money that we'll talk about in our last word in business. A few years ago a man uploaded a clip of his son getting his finger bitten by the baby brother.
President Obama has a low-key day in Hawaii Monday, before he flies to Australia and Indonesia. His weekend was full of diplomatic meetings at a summit of Asia-Pacific leaders. The president believes the U.S. has not paid enough attention to that region over the last decade. With the wars in Iraq and Afghanistan winding down, he's promising to devote more resources the Pacific Rim.