It's MORNING EDITION from NPR News. Good morning. I'm Steve Inskeep.
President Obama put tax reform back on the table this week. He called for changes to the corporate tax system. Tax rates would go down for companies, deductions would go away - many of them, and companies with overseas operations would find it a little harder not to pay.
Sears says it is spinning off outlet, hometown and hardware stores. The deal is expected to help the company raise up to $500 million. It's also selling some of its other properties in a separate deal.
This comes after Sears said in December it would close about 100 stores after an abysmal holiday shopping season. Transcript provided by NPR, Copyright NPR.
New Hampshire, one of the least religious states in the nation, has become the latest front in the political battle over contraception. State GOP leaders oppose the new federal rule compelling insurers to provide birth control to employees of religious organizations. They want to change a 12-year-old state law that requires contraceptive coverage under insurers' prescription drug policies.
It's hard to miss the politics fueling state House Speaker William O'Brien's push to carve out a religious exemption from the contraception mandate.
Alexander Payne watches a movie every day — or tries to, anyway. Lately, the writer and director of The Descendants has been busy going to nomination and awards dinners, in advance of Sunday's Oscar night — when the Best Picture, Best Director and Best Adapted Screenplay prizes could be his.
Philadelphia's financially troubled newspapers — the jointly owned Inquirer and Daily News — may be sold for the fourth time in six years. Circulation and advertising are down. A new set of layoffs has been announced, and the papers' newsrooms are about to be combined with the news site Philly.com.
But reporters and editors there are outraged by something else: the actions of their own publisher to influence their coverage of the company's sale.
Portugal is burdened with such big debts that some are calling it "the next Greece." Unemployment is soaring, and the debt continues to rise, despite draconian austerity measures.
But Portugal has something Greece doesn't have: former colonies, rich in natural resources and in need of labor, both skilled and unskilled. And in a type of role reversal, some Portuguese are now traveling to those places in hopes of improving their lives.
Antonio Valerio, who is studying pharmaceutical science at a university, is among those who see no future in Portugal.
Yemen has become the latest Arab country to depose its dictator.
On Monday, the country's longtime president, Ali Abdullah Saleh, is set to hand power to his vice president, Abdrabuh Mansur Hadi, as part of an agreement reached late last year. The agreement was backed by the U.S., Europe and Yemen's powerful Gulf Arab neighbors. It was ratified by more than 60 percent of Yemen's voters earlier this week.