The Two-Way
6:17 am
Tue February 26, 2013

Tourist Tragedy In Egypt: Hot Air Balloon Catches Fire; Many Aboard Killed

The wreckage of a hot air balloon and its gondola lay in a field near Luxor, Egypt, on Tuesday. A fire and subsequent crash killed many of those who were aboard the tourist flight.
Reuters /Landov

Originally published on Tue February 26, 2013 1:08 pm

The final death toll has not yet been determined, but the number is high. A hot air balloon carrying tourists on a flight over historic sites around the ancient Egyptian city of Luxor caught fire Tuesday. It then plunged to the ground.

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Business
4:21 am
Tue February 26, 2013

The Last Word In Business

Originally published on Tue February 26, 2013 8:44 am

Transcript

LINDA WERTHEIMER, HOST:

If you were to open a new brick-and-mortar bookstore, New York City would be a very pricey place to do it. Manhattan boasts some of the world's most valuable land - and, as it turns out - air. And that is our last word in business this morning.

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Business
4:21 am
Tue February 26, 2013

Business News

Originally published on Tue February 26, 2013 8:44 am

Transcript

LINDA WERTHEIMER, HOST:

NPR's business news starts with a Fed status update.

(SOUNDBITE OF MUSIC)

STEVE INSKEEP, HOST:

Federal Reserve Chairman Ben Bernanke is in front of the Senate Banking Committee this morning. It's his semi-annual report to Congress.

And Bernanke is facing questions, as he has for years, about the Fed's bond buying program that's been pumping money into the economy and keeping interest rates low. Some lawmakers fear this policy could eventually cause inflation.

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Economy
4:21 am
Tue February 26, 2013

Shipyard Workers Worry About Sequestration Furloughs

Originally published on Tue February 26, 2013 8:44 am

Military communities are keeping a wary eye on the sequester debate in Washington, D.C. In Maine, employees of the Portsmouth Naval Shipyard have already been dealing with budget cuts. Now they could face furlough days as well. The smaller payroll could send shock waves through the local economy.

Television
4:21 am
Tue February 26, 2013

CBS Continues New TV Formula With 'Golden Boy'

Originally published on Tue February 26, 2013 8:44 am

Transcript

LINDA WERTHEIMER, HOST:

Real life crime and court scenarios are often plot lines for television shows. And since there aren't enough new hit dramas this season, CBS is staying competitive with its old standbys, crime procedurals, like "The Mentalist" and "NCIS."

TV critic Eric Deggans says the network is also trying something new, with a show that premieres tonight.

ERIC DEGGANS: In some ways, the new drama "Golden Boy" seems like a serious Hail Mary pass for CBS.

(SOUNDBITE OF TV SHOW "GOLDEN BOY")

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Business
4:21 am
Tue February 26, 2013

Has The Nook Saved Barnes & Noble From Going The Way Of Borders?

Originally published on Tue February 26, 2013 8:44 am

Transcript

LINDA WERTHEIMER, HOST:

Barnes & Noble Chairman and chief stockholder, Leonard Riggio, is looking into the possibility of buying the company's retail book business, but not the Nook, the e-book, the company had staked it future on.

STEVE INSKEEP, HOST:

That news comes as the company is set to release its third quarter earnings on Thursday. Barnes & Noble has already signaled the report will be disappointing, especially with the e-reader.

NPR's Lynn Neary reports on the future of the bookstore chain.

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Law
4:21 am
Tue February 26, 2013

Witnesses To Take The Stand In BP Trial

Originally published on Tue February 26, 2013 8:44 am

Transcript

STEVE INSKEEP, HOST:

It's MORNING EDITION, from NPR News. I'm Steve Inskeep.

LINDA WERTHEIMER, HOST:

And I'm Linda Wertheimer.

Today, a federal judge in New Orleans hears from witnesses to the Deepwater Horizon oil spill in the Gulf of Mexico. A civil trial of BP opened yesterday in a case to determine blame and financial liability for the environmental disaster that was the worst disaster in U.S. history.

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Europe
4:21 am
Tue February 26, 2013

Kerry Stops In Berlin On European Tour

Originally published on Tue February 26, 2013 8:44 am

Transcript

LINDA WERTHEIMER, HOST:

Syrian opposition leaders say they plan to attend a conference this week in Rome. They want to see what the new U.S. Secretary of State John Kerry has to offer to help them bring an end of President Bashar al-Assad's regime. The opposition leaders had been threatening to boycott the meeting, but Kerry is promising he won't leave them dangling in the wind. NPR's Michele Kelemen is traveling with Kerry this week on his first trip overseas as secretary of state. She filed this report from Berlin.

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Religion
4:21 am
Tue February 26, 2013

Sex Scandals Threaten To Mar Selection Of Next Pope

Originally published on Tue February 26, 2013 8:44 am

Transcript

LINDA WERTHEIMER, HOST:

As Italians struggle to form a new government, another political transition is underway - inside the Vatican. Pope Benedict's historic resignation takes effect on Thursday, giving way to a papal transition that will be unlike any before. But even in the pope's final week, new sex scandals threaten to overshadow the upcoming conclave where his successor will be chosen.

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Europe
4:21 am
Tue February 26, 2013

Italian Election Results Cause Market Jitters

The Five Star Movement's Beppe Grillo is shown on TV Monday at the Democratic Party press center in Rome. The prospect of political paralysis hung over Italy as election results showed the upstart protest campaign making stunning inroads, and mainstream forces of center-left and center-right wrestling for control of Parliament's two houses.
Alessandra Tarantino AP

Originally published on Tue February 26, 2013 11:43 am

Italian elections have hurled a tsunami against the system: An upstart anti-establishment party that rejects European Union-dictated austerity measures is now the single biggest party in Parliament. Newspaper headlines proclaim the country ungovernable, and world financial markets are spooked by the prospect of gridlock in the eurozone's third-largest economy.

Thanks to a byzantine election law, the center-left Democratic Party came in first by a slim majority. But it can't govern alone.

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