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Economy
1:40 am
Fri December 14, 2012

Inflation Index Fix Could Cut Federal Deficit

Originally published on Fri December 14, 2012 7:13 am

The Consumer Price Index is one of the most familiar measures in economics and politics. But some in Washington want to change the way the index is calculated to better reflect people's shopping habits.

While the proposed change is described as a technical fix, it could also cut the federal deficit by hundreds of billions of dollars over the next decade.

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Politics
1:40 am
Fri December 14, 2012

Rice Drops Out Of Race For Secretary Of State

Originally published on Fri December 14, 2012 3:06 am

Transcript

DAVID GREENE, HOST:

This is MORNING EDITION from NPR News. Good morning. I'm David Greene.

RENEE MONTAGNE, HOST:

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Asia
12:25 am
Fri December 14, 2012

What North Korea's Rocket Launch Tells Us About Iran's Role

This monitor screen image shows a graphic of the orbit of the satellite carried by the Unha-3 rocket, which North Korea launched this week. The image is from the Korean Central News Agency, distributed in Tokyo by the Korea News Service.
AP

Originally published on Fri December 14, 2012 6:03 am

U.S. officials say the satellite put into orbit by North Korea's rocket launch this week is wobbling, but that doesn't necessarily mean the launch itself was unsuccessful.

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Shots - Health News
12:24 am
Fri December 14, 2012

Making The Rich Pay More For Medicare

Rep. Henry Waxman, D-Calif., speaks Tuesday at a news conference calling for no reduction in the Medicare and Medicaid budgets, as part of the year-end budget talks on Capitol Hill in Washington. Waxman said he does not support means testing for Medicare.
Joshua Roberts Reuters /Landov

Originally published on Fri December 14, 2012 2:33 am

When it comes to reducing Medicare spending, asking wealthier seniors to pay more is one of the few areas where Democrats have shown a willingness to even consider the subject.

"I do believe there should be means testing. And those of us with higher income in retirement should pay more," said Sen. Dick Durbin, D-Ill., on last Sunday's Meet the Press. "That could be part of the solution."

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Planet Money
12:24 am
Fri December 14, 2012

Why A Principal Created His Own Currency

David Kestenbaum NPR

Originally published on Fri December 14, 2012 11:43 am

Shawn Rux took over as principal of MS 53, a New York City middle school, last year. At the time, 50 or 60 kids were absent every day. You could understand why they stayed away: The school was chaos.

Twenty-two teachers had quit, the entire office staff had quit, and hundreds of kids had been suspended. The school was given a grade of F from the city's department of education.

"It was in a bad place," Rux says.

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