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.
STEVE INSKEEP, HOST:
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.
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.
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.
Additional students have been charged in an SAT cheating scandal on Long Island, New York. Thirteen students were charged Tuesday with being part of a scheme in which students paid other teens to take college entrance exams on their behalf. So far, 20 current and former students at three high schools have been implicated in the scandal.
The big theme out of Tuesday night's Republican presidential debate in Washington was Newt Gingrich's compassionate stance toward illegal immigrants who have put down deep roots in the U.S.
That position by Gingrich, who has recently surged to join Mitt Romney at the head of the Republican field according to recent polls, conflicted with the more hardline views of many conservative voters.
Many of those GOP voters who will decide their party's nominee oppose allowing illegal immigrants to remain in the U.S., period.
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.
South Africa's Parliament has passed a highly controversial state information bill that gives a limited number of government officials the authority to classify information and imposes harsh penalties on those who possess or distribute state secrets. Critics say it will allow officials to cover up corruption and greatly restrict the flow of information.
Four years ago, on the cusp of what would become a national economic meltdown, Kansas City made a bet. And the Missouri river town bet big, plunking down $300 million for a brand-new sports arena with no full-time tenant.
Today, that bet is paying off. Pollstar magazine ranks Kansas City's Sprint Center as America's fifth busiest arena and No. 13 among worldwide venues.