The Two-Way
6:40 am
Thu January 19, 2012

Jobless Claims Drop, Inflation At 3 Percent, Housing Starts Cool

A trio of economic indicators were just released:

-- First-time claims for jobless benefits plunged by 50,000 last week from the week before, to 352,000, the Employment and Training Administration says. You have to go back to Spring 2008 to find a lower number. Reuters says the news signals "continued improvement in the labor market."

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The Two-Way
5:55 am
Thu January 19, 2012

Search Resumes At Stricken Italian Cruise Ship

Searchers climbing on to the Costa Concordia earlier today (Jan. 19, 2012).
Vincenzo Pinto AFP/Getty Images

"Rescue efforts have resumed aboard the wrecked Italian cruise ship, Costa Concordia, off the coast of Tuscany," the BBC reports. "Operations were suspended on Wednesday as the vessel shifted its position. More than 20 people are still missing."

The ship, with about 4,200 passengers and crew aboard, ran into rocks on Friday and listed over to its starboard side. Eleven people are confirmed dead.

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Business
5:28 am
Thu January 19, 2012

So, Um, What Is A Private Equity Firm?

Before entering politics in the 1990s, Romney co-founded Bain Capital, one of the nation's largest and most profitable private equity funds.
David L. Ryan Boston Globe via Getty Images

Originally published on Thu January 19, 2012 1:57 pm

In the run-up to Saturday's GOP presidential primary in South Carolina, candidates have clashed over the role of Bain Capital — a firm that either creates or kills jobs, depending upon whom you believe.

Front-runner Mitt Romney sees the bright side. Before entering politics in the 1990s, he co-founded Boston-based Bain Capital, one of the nation's largest and most profitable private equity funds. He has said he created 100,000 jobs while at Bain.

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The Two-Way
5:25 am
Thu January 19, 2012

Kodak Calls Bankruptcy Filing 'Necessary Step'

Eastman Kodak Co.'s corporate headquarters in Rochester, N.Y.
Guy Solimano Getty Images

Originally published on Thu January 19, 2012 5:36 am

"Running short of cash and unable to sell 1,100 digital imaging patents that could have rescued it," as Rochester's Democrat and Chronicle writes, Eastman Kodak Co. today took the long-expected but still painful step of filing for Chapter 11 bankruptcy protection.

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Around the Nation
5:06 am
Thu January 19, 2012

Twitter Fills The Gap When Wikipedia Went Black

Originally published on Thu January 19, 2012 8:36 am

Transcript

RENEE MONTAGNE, HOST:

Good morning. I'm Renee Montagne, hoping you made it through a day without Wikipedia. The site was shut down yesterday to protest anti-piracy bills in Congress. Good thing Twitter was there to fill the encyclopedic void. Facts without Wikipedia became a trending topic, informing readers that "Star Wars" was based on the work of Shakespeare, Sweden changed the colors of its flag to yellow and blue after the success of IKEA, and bacon is good for you. It's MORNING EDITION. Transcript provided by NPR, Copyright NPR.

Around the Nation
4:59 am
Thu January 19, 2012

Pregnant Woman Delivers Baby In Stuck Elevator

Originally published on Thu January 19, 2012 8:36 am

Transcript

STEVE INSKEEP, HOST:

The Two-Way
4:55 am
Thu January 19, 2012

Iowa GOP Puts Santorum Ahead By 34 Votes, But Result 'Unresolved'

Republican presidential candidates Rick Santorum (left) and Mitt Romney during a debate in South Carolina on Monday.
Charles Dharapa/pool Getty Images

Originally published on Thu January 19, 2012 8:37 am

(This post was retopped with the latest news at 9:35 a.m ET.)

The first-in-the-nation Iowa Republican presidential caucuses produced no clear winner, the Iowa Republican Party has confirmed.

While its recanvassing of the nearly 1,774 precincts where ballots were cast on Jan. 3 has put former Pennsylvania Sen. Rick Santorum 34 votes ahead of former Massachusetts Gov. Mitt Romney — a reversal of what we thought were their finishes — the party says it can't definitively say who won because it can't find the results from eight of the precincts.

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Around the Nation
2:00 am
Thu January 19, 2012

How Oklahoma City Avoided Economic Pitfalls

Originally published on Thu January 19, 2012 8:36 am

Transcript

STEVE INSKEEP, HOST:

State and local governments have finally slowed their mass elimination of jobs in recent years. They have repeatedly cut back on services as tax revenues fell.

RENEE MONTAGNE, HOST:

Many still have cuts to make, but as the economy slowly improves, city governments are looking again to grow their economies. Many of the nation's mayors have been meeting this week in Washington, D.C., and economic growth is on their minds.

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Election 2012
2:00 am
Thu January 19, 2012

Front-Runner Romney Skips Personhood Forum

A candidate forum was held in Greenville, S.C., Wednesday night, sponsored by the anti-abortion rights group Personhood USA. Participating in the event were Newt Gingrich, Rick Santorum, Ron Paul, and Rick Perry. Front-runner Mitt Romney did not attend. South Carolina holds its primary on Saturday.

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