Steinway & Sons, the 160-year-old musical instrument maker, is set to change hands.
Last month, a private equity firm emerged as the company's likely buyer. But a mystery bidder — rumored to be hedge fund manager John Paulson — has swooped in at the last minute, and now looks likely to take control of one of the oldest manufacturers in the United States. Paulson made billions betting against the housing market at a time when many thought housing prices could only go up. His reported offer for the company is $458 million.
Ten years ago, a sagging power line hit a tree near Cleveland, tripping some circuit breakers. To compensate, power was rerouted to a nearby line, which began to overheat and sink down into another tree, tripping another circuit. The resulting cascade created a massive blackout in the Northeast U.S., affecting power in eight states and part of Canada.
What's the busiest U.S. Consulate in the world? If you guessed in Mexico or China, you'd be wrong.
It's actually in Brazil, Sao Paulo to be exact. The consulate there is giving a record number of visas to Brazilians who want to visit the U.S. And that is giving a boost to the economies of cities like Miami.
On a recent day, Tiago Dalcien and his girlfriend stand outside the U.S. Consulate in Sao Paulo clutching their passports and other documents. He is a 30-year-old banker; his girlfriend is a doctor.
For the month of August, Morning Edition and The Race Card Project are looking back at a seminal moment in civil rights history: The March on Washington for Jobs and Freedom, where the Rev. Martin Luther King Jr., delivered his iconic "I Have A Dream Speech" on Aug. 28, 1963. Approximately 250,000 people descended on the nation's capitol from all over the country for the mass demonstration.
In the town where I grew up — Memphis, Tenn. — Tad Pierson has made a career out of his love for cars and American music by working as a tour guide. We meet in the grand lobby of the Peabody Hotel, the downtown landmark famous for its ducks and Southern elegance. But it's also considered the starting point of the Mississippi Delta, a region steeped in the blues.
In Japan, a noren is a short curtain that hangs to the entrance of a little teahouse or restaurant. It is not solid, but made of strips, and so when you go through it, your hand goes first, then your arm, and the rest of you, but quickly the strips fall back into place, and it is as if a wisp, a ghost, a sprite has passed through.
I always visualized Ichiro Suzuki that way, slipping from Japanese baseball to our major leagues so effortlessly, barely stirring the air.
Originally published on Wed August 14, 2013 7:44 pm
You might think a great benefit of living in Maine is unlimited access to fresh, cheap lobster. Most Mainers, however, probably eat less lobster in a year than tourists here consume in a week. Lobster bakes and boiling lobsters in those tall, speckled pots are grudgingly reserved for when company comes.
If you've ever experienced a summer music festival, you've likely spotted some colorful body art among the crowd of enthusiastic, if not somewhat sweaty, music lovers. This year at the Newport Folk Festival, red, black and blue were all the rage around the waterfront town thanks to NPR Music, which amped up festival-goers with some public radio-inspired ink.
When you hear the word "kebab" in America, you might think of skewers with chunks of chicken or beef and vegetables, marinated and grilled on coals or gas. But say "kebab" in the Middle East, and it means a lot of things — chunks of lamb or liver on skewers, or the more popular version of grilled ground meat logs found in Turkey, Iran and much of the Arab world.
At r00tz, a camp that takes place each year during the Def Con convention in Las Vegas, children learn to pick locks, hack smart TVs and, most important, how to take apart and understand the technology that surrounds them.
The scene inside the camp a couple weeks ago was a bit of a madhouse — controlled chaos. Little kids everywhere. Brendan Herman was trying to program a machine to draw pictures on ping-pong balls, wearing a tinfoil hat.
The government's decision Tuesday to oppose the merger of US Airways and American Airlines stunned airline analysts, but many predicted the deal eventually will win go through.
"Given that other airline mergers were approved, this was a surprise," University of Richmond transportation economist George Hoffer said. Other major carriers already have been allowed to combine forces, so "it's illogical to oppose this merger. This move comes a day late and a dollar short," he said.
Originally published on Mon November 18, 2013 5:26 pm
For a few hours Tuesday, it appeared that Chipotle Mexican Grill, an ever expanding source of fast food for the ethically conscious consumer, had softened its hard line against antibiotics in meat production.
In 2011, when demonstrators took to the streets of Cairo in peaceful protest against then-President Hosni Mubarak, Egyptians in the Sinai Peninsula staged attacks on police stations. And while Cairo is still the scene of political conflict, in the Sinai, the conflict remains extremely violent.
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Voting rights advocates are focusing their sights on North Carolina. The ACLU and the NAACP filed lawsuits challenging the state's new voting rules just minutes after Governor Pat McCrory signed the bill into law yesterday.
Dave DeWitt of North Carolina Public Radio reports the new law does more than merely require voters to show an ID at the polls.
William Ackman, a controversial hedge fund manager, has resigned from the board of the J.C. Penney Company. Ackman is Penny's largest shareholder and had been engaged in a public dispute with the board over who should lead the struggling retailer.
The proposed merger of U.S. Airways and American Airlines ran into major turbulence on Tuesday as the Justice Department and six state attorneys general filed an antitrust suit aimed at blocking the deal. Justice Department officials said the merger would eliminate competition and put consumers at risk of higher prices.