The Fed wants to ensure the country's largest banks are prepared to weather another recession. The move comes as the debt crisis in Europe threatens to destabilize global markets. Banks will be required to show they have enough capital to continue lending money under severe economic conditions.
The pharmaceutical company Merck has agreed to pay nearly a billion dollars to settle charges that it illegally marketed its painkiller, Vioxx. The drug was taken off the market in 2004 after questions were raised about its safety. NPR's Jim Zarroli reports.
Our last word in business is: Don't jack up the Jack. The makers of Jack Daniels are raising their glasses after a tax proposal was voted down this week in Lynchburg, Tennessee.
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The proposal called for a referendum on a plan to tax Jack Daniels whiskey by the barrel to bring it up to $5 million annually. The drive by some residents was killed after a 10 to five vote by the Moore County Council. The company that owns the distillery currently pays one-and-a-half million dollars in local property taxes.
On Long Island in New York, a high school cheating scandal is widening. The local district attorney says 13 additional people now face charges for trying to cheat on college entrance exams. More from NPR's Larry Abramson.
It's MORNING EDITION from NPR News. I'm Linda Wertheimer.
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And I'm Steve Inskeep. Good morning.
While Republicans prepared to debate yesterday, a debate we've heard elsewhere in this program, President Obama was visiting New Hampshire. He appeared in that state, which holds the nation's first primary. New Hampshire is also an important general election state and the president's appearance offered a counterweight to all the Republicans who've been busy there. NPR's Scott Horsley reports.
A cook's secrets are meant to stay in the kitchen. An off-recipe substitution, a unique addition, an improvised technique — they often come from inspiration, or just a sense of craft, that can make a home chef both proud and protective. Luckily for us, Chris Kimball of America's Test Kitchen is happy to share the secrets he's picked up in more than 30 years of cooking.
Tina Brown, editor of The Daily Beast and Newsweek, tells us what she's been reading in a feature that Morning Edition likes to call Word of Mouth. This month, Brown has been considering the voice of the columnist through readings that provide new perspectives on political issues, moral issues and national events.