Originally published on Thu January 19, 2012 6:36 am
"Running short of cash and unable to sell 1,100 digital imaging patents that could have rescued it," as Rochester's Democrat and Chronicle writes, Eastman Kodak Co. today took the long-expected but still painful step of filing for Chapter 11 bankruptcy protection.
Good morning. I'm Renee Montagne, hoping you made it through a day without Wikipedia. The site was shut down yesterday to protest anti-piracy bills in Congress. Good thing Twitter was there to fill the encyclopedic void. Facts without Wikipedia became a trending topic, informing readers that "Star Wars" was based on the work of Shakespeare, Sweden changed the colors of its flag to yellow and blue after the success of IKEA, and bacon is good for you. It's MORNING EDITION. Transcript provided by NPR, Copyright NPR.
Originally published on Thu January 19, 2012 9:37 am
(This post was retopped with the latest news at 9:35 a.m ET.)
The first-in-the-nation Iowa Republican presidential caucuses produced no clear winner, the Iowa Republican Party has confirmed.
While its recanvassing of the nearly 1,774 precincts where ballots were cast on Jan. 3 has put former Pennsylvania Sen. Rick Santorum 34 votes ahead of former Massachusetts Gov. Mitt Romney — a reversal of what we thought were their finishes — the party says it can't definitively say who won because it can't find the results from eight of the precincts.
State and local governments have finally slowed their mass elimination of jobs in recent years. They have repeatedly cut back on services as tax revenues fell.
RENEE MONTAGNE, HOST:
Many still have cuts to make, but as the economy slowly improves, city governments are looking again to grow their economies. Many of the nation's mayors have been meeting this week in Washington, D.C., and economic growth is on their minds.
A candidate forum was held in Greenville, S.C., Wednesday night, sponsored by the anti-abortion rights group Personhood USA. Participating in the event were Newt Gingrich, Rick Santorum, Ron Paul, and Rick Perry. Front-runner Mitt Romney did not attend. South Carolina holds its primary on Saturday.
Next, we'll explore the laws and customs that are supposed to govern the captain of a ship in distress. A cruise ship remains on its side in Italy. Captain Francesco Schettino is under house arrest. He was in charge when the ship ran aground. When it capsized, he made it to a life raft well before many passengers and did not follow demands to return to the ship.
UNIDENTIFIED MAN: (Italian spoken)
INSKEEP: A Coast Guard official barked there, you go aboard. It is an order.
When the Washington Monument was damaged after an earthquake last summer, Congress committed $7.5 million to fix it but expected the public to pay the other $7.5 million. It turns out the public will be just one person. The Washington Post reports billionaire David Rubenstein will make the $7.5 million donation Thursday.
In a moved that had been expected, Kodak filed for Chapter 11 bankruptcy protection on Thursday. It raises the specter that the 132-year-old trailblazer could become the most storied casualty of a digital age that has whipped up a maelstrom of economic, social and technological change.