Planet Money
3:04 am
Thu November 15, 2012

Why Coke Cost A Nickel For 70 Years

An oilcloth sign advertising Coca-Cola from 1905.
The Coca-Cola Company

Originally published on Mon November 19, 2012 1:04 pm

Prices change; that's fundamental to how economies work.

And yet: In 1886, a bottle of Coke cost a nickel. It was also a nickel in 1900, 1915 and 1930. In fact, 70 years after the first Coke was sold, you could still buy a bottle for a nickel.

Three wars, the Great Depression, hundreds of competitors — none of it made any difference for the price of Coke. Why not?

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The Two-Way
11:00 pm
Wed November 14, 2012

As Xi Jinping Takes Top Post In China, Hopes Of Reform Fade

Chinese leader Xi Jinping earlier today in Beijing.
Mark Ralston AFP/Getty Images

Originally published on Thu November 15, 2012 8:10 am

  • Louisa Lim on 'Morning Edition'

Though new Chinese leader Xi Jinping "didn't once mention Marxism or Mao Zedong" today as he stepped into his new role, the make-up of the "gang of seven" that he now heads "will disappoint those hoping for sweeping reform," NPR's Louisa Lim reports from Beijing.

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PM Newscasts
6:08 pm
Wed November 14, 2012

Newscast for November 14, 2012

Regional news coverage from the KBIA Newsroom, including:

  • McCaskill, Blunt take opposing stances on taxes
  • After 30 Years Locked Up, George Allen Released From Custody
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The Two-Way
5:46 pm
Wed November 14, 2012

General Allen Says He Will 'Fully Cooperate' With Investigation

Marine Gen. John Allen.
Alex Wong Getty Images

Originally published on Wed November 14, 2012 6:00 pm

Marine Gen. John Allen says he will "fully cooperate" with the Pentagon's Inspector General's investigation into his communication with Jill Kelley.

Allen has been at the center of a scandal that led to the resignation of CIA director and retired four-star general David Petraeus.

In a statement issued on his behalf by the Marine General Counsel, Allen also said he wants to resolve the matter in an expedient fashion.

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Politics
5:17 pm
Wed November 14, 2012

McCaskill, Blunt take opposing stances on taxes

selbstfotografiert Wikimedia Common

Missouri's two U.S. senators are taking opposite positions on whether to raise taxes on the wealthy as part of a solution to the so-called fiscal cliff facing the economy.

Democratic Sen. Claire McCaskill said Wednesday that she supports President Barack Obama's insistence that top income-earners should face higher tax rates. But Republican Sen. Roy Blunt said he opposes increasing the tax rates for anyone.

The divide between Missouri's senators is emblematic of the stalemate in Washington.

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Crime
5:04 pm
Wed November 14, 2012

After 30 Years Locked Up, George Allen Released From Custody

Marshall Griffin/St. Louis Public Radio

Originally published on Thu November 15, 2012 1:31 pm

A University City man who’s spent 30 years behind bars has been set free by a Cole County judge after his murder conviction was vacated.

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It's All Politics
5:04 pm
Wed November 14, 2012

Obama Says He Has One Mandate: To Help The Middle Class

President Obama acknowledges reporters after his White House news conference on Wednesday.
Chip Somodevilla Getty Images

Originally published on Wed November 14, 2012 5:49 pm

A president just re-elected has arguably the most political capital he's likely to have during his entire second term.

And President Obama clearly has some capital, though he didn't overtly refer to it or vow to "spend it," as his predecessor George W. Bush famously said upon his 2004 re-election.

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Shots - Health News
4:57 pm
Wed November 14, 2012

Lawmakers Clash With FDA Over Meningitis Outbreak

New England Compounding Center co-owner Barry Cadden went to Capitol Hill for a congressional hearing Wednesday on the fungal meningitis outbreak. Choosing to take the Fifth Amendment, Cadden did not testify.
Susan Walsh AP

Originally published on Wed November 14, 2012 6:17 pm

Members of a House subcommittee clashed repeatedly Wednesday with U.S. Food and Drug Commissioner Margaret Hamburg over the outbreak of meningitis caused by contaminated steroid injections.

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Shots - Health News
4:55 pm
Wed November 14, 2012

Health Care Cuts Are Coming. Here's Where Liberals Say You Can Slice

Two new studies and a proposed class-action lawsuit settlement all have the potential to change dollar signs as lawmakers address the impending fiscal cliff.
iStockphoto.com

Originally published on Wed November 14, 2012 8:12 pm

A liberal think-tank closely allied with the Obama administration is proposing a health care spending plan it says could save hundreds of billions of dollars in entitlement spending without hurting middle- and low-income patients.

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Health Care
4:25 pm
Wed November 14, 2012

Liberal Group Proposes Reduced Medicare Spending

Originally published on Wed November 14, 2012 5:46 pm

Transcript

MELISSA BLOCK, HOST:

From NPR News, this is ALL THINGS CONSIDERED. I'm Melissa Block.

AUDIE CORNISH, HOST:

And I'm Audie Cornish.

As the White House and Congress debate taxes and entitlement reform, an influential liberal think-tank is offering what appears to be an olive branch. It comes at a time when many Democrats are trying to protect entitlements, such as Medicare. At the same time, Republicans say those entitlements are too expensive in their present form.

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