Morning Edition

Transcript

DAVID GREENE, HOST:

NPR's business news starts with supervising banks in the EU.

(SOUNDBITE OF MUSIC)

Of the 535 members of Congress, not many appear to be in the loop about the "fiscal cliff" negotiations. That makes the rest nervous about having to vote on a bill on short notice despite misgivings about what's in it. But this is often how major deals get accomplished in Washington.

In these budget negotiations, the names Boehner and Obama come up most often — and virtually all the rest are on the outside looking in.

As any cheese maker will tell you, it's not that hard to make cheese. You just take some fresh milk, warm it up a bit, and add something acidic to curdle it. Then, once it has cooled, you drain off the whey — the liquid part — and you're left with cheese.

If a kid does something bad and you want to discipline him — give him a timeout, say, or take away a toy — there are some basic principles that seem to work.

The punishment needs to happen quickly after the bad behavior. And it needs to be significant enough to get noticed. Those rules aren't just for kids; they need to hold true for any type of punishment to be effective.

But if you're a federal regulator punishing a bank, it can be tough to be swift enough and to levee a penalty that's severe enough to make a difference.

In a closed-door meeting Thursday, lawmakers will consider whether to approve a secret report that chronicles CIA detention and interrogation practices — including methods that critics have compared to torture.

That report — along with the release of a new movie about the hunt for Osama bin Laden — is rekindling an old debate about whether those methods worked.

Transcript

RENEE MONTAGNE, HOST:

Good morning. I'm Renee Montagne with a tale of a cat burglar. A young Londoner opted for a new fangled way to thwart neighborhood kitties from stealing her cat's food. She hung a magnet to Milo's collar that unlocked a fancy cat door, which transformed Milo into a cat burglar. Turns out, Milo herself had been slipping into neighbor's homes and the magnet started picking up small metal objects, allowing Milo to carry off 20 sets of spare keys. It's MORNING EDITION. Transcript provided by NPR, Copyright National Public Radio.

Kiam Moriya was born in 2000 at 12 minutes past noon. So Wednesday afternoon, the young man can say: I turned 12 at 12:12 on 12-12-12. He told Yahoo News he's marking the occasion with donuts arranged in the shape of the number 12.

The Bureau of Land Management is auctioning off 18,000 acres of oil leases in California Wednesday. The state has one of the largest deposits of shale oil in the country. And it's attracting new attention because of the drilling technique known as hydraulic fracturing – or fracking.

Transcript

RENEE MONTAGNE, HOST:

The contentious fight over labor rights has been unfolding throughout the Midwest in the last couple of years. Michigan is only the latest example.

NPR's national political correspondent Don Gonyea joins us now to explore the broader impact of all this. Good morning, Don.

DON GONYEA, BYLINE: Good morning.

MONTAGNE: So how is what has happened in Michigan different from what we've seen over the past couple of years in Wisconsin and Ohio, where Republican governors also took on labor unions?

Egypt's protest movement against the controversial draft constitution appears to be losing steam after a lackluster turnout Tuesday night. Opposition leaders had called for mass demonstrations, and they're scrambling to decide whether to boycott Saturday's referendum on the constitution.