And our last word in business is: supersized couch potato.
This week, Japanese electronics maker Sharp unveiled what it's calling the biggest LED TV on the planet. The 90-inch set has WiFi built in and you can buy it with a webcam option. You could, say, Skype with 50 people at once and see all their faces.
LINDA WERTHEIMER, HOST:
Of course, you would need a lot of wall space and a fat wallet. It cost $11,000.
That's the business news on MORNING EDITION. I'm Linda Wertheimer.
The unexamined life isn't worth living, according to Socrates, and you'd be hard-pressed to find a writer who disagrees. Few, though, have taken it to the extreme that Toronto author Sheila Heti does with How Should a Person Be? The relentlessly introspective "novel from life" earned critical raves when it was released in Canada in 2010. The book chronicles Heti's struggle — sometimes hilarious, sometimes heartbreaking — to answer the seemingly simple questions: "What was the right way to react to people? Who was I to talk to at parties? How was I to be?"
Originally published on Wed June 20, 2012 11:42 am
The Federal Reserve — the nation's central bank — will end its two-day meeting on Wednesday by offering its assessment of the economy, and then declaring its latest plan for making things better.
Investors all over the world will be waiting to hear just how weak — or not — the Fed thinks the U.S. economy is. And they will be watching to see whether the bankers plan to continue trying to stimulate growth by extending two controversial programs, one known as Operation Twist, and the other as quantitative easing.
Mitt Romney has wrapped up his most extensive campaign trip since becoming the all-but-official Republican nominee for president. Over the past five days, he visited six potential battleground states, touring each by bus. Along the way, he honed his attacks on President Obama, while also trying to show voters a more relaxed Mitt Romney than they've seen so far.
The tour, called Every Town Counts, stayed mostly in counties friendly to Republicans, ending with three stops in Michigan yesterday, the state where Romney was born.
NPR's business news starts with the Fed in the spotlight.
U.S. stocks rallied yesterday largely on a belief among investors that the Federal Reserve will take further action to stimulate the economy. The Fed concludes a two-day meeting around noon today. Afterwards, Chairman Ben Bernanke will hold a news conference to explain the Fed's strategy.
As NPR's John Ydstie reports, there are several things the Fed could do to try to boost growth, but whether they'd be effective is debatable.
For the Miami Heat, it's three down, one to go. Last night in Miami, the Heat pulled within one win of an NBA championship, with 104 to 98 victory over the Oklahoma City Thunder. That gives Miami a 3-to-1 lead in the series and a comforting statistic for Heat fans to think about until tomorrow night's game 5. No team in NBA history has come back from a 3-1 deficit in the finals. NPR sports correspondent Tom Goldman joins us now to talk about it.
Leaders of the world's biggest economies wrapped up the G-20 summit in Mexico Tuesday with a promise to work together to promote jobs. The meeting comes amid worrisome signs of slowing growth in the United States and elsewhere.