The Los Angeles Auto Show begins today. It's the first of America's car shows and it's where manufacturers put their best foot forward or try to reinvent themselves. One those carmakers is Honda. Honda's production was badly hurt by Japan's earthquake and tsunami, and as it was getting back on track, the floods in Thailand crippled production again. But as NPR's Sonari Glinton reports from the L.A. Auto Show, natural disasters may be the least of Honda's problems.
NPR's business news starts with oil prices hovering around $99 a barrel. Oil has gone up sharply since last month, partly because of signs of improvement in the U.S. economy. Also because of tensions in some oil producing regions, which could affect supplies. Still, the debt crisis in Europe is holding prices below that psychologically important $100 a barrel mark. Benchmark crude was trading in Asia this morning at about $98.90. Transcript provided by NPR, Copyright NPR.
And it is always fun to be in the audience for Susan's cranberry relish sequels. Kenneth Turan says there's a sequel opening in theaters today that's not as much fun as the first. Five years ago "Happy Feet" won the Oscar for best animated feature. Now the penguins are back.
In September 1994, then-House Minority Whip Newt Gingrich addressed Republican congressional candidates on Capitol Hill during a rally where they pledged a new "Contract with America." Months later, Republicans gained control of both houses of Congress for the first time in decades, and Gingrich became speaker of the House.
Credit Paul J. Richards / AFP/Getty Images
Gingrich stands with then-Republican Rep. John Kasich of Ohio while President Clinton signs the balanced-budget agreement in August 1997.
Newt Gingrich served as speaker of the House of Representatives for four turbulent and productive years.
From 1995 through 1998, Congress forced a government shutdown, overhauled the welfare system, balanced the budget for the first time in decades and impeached a president for the second time in history.
Gingrich was in the middle of those debates, fiery in his rhetoric, yet willing to compromise and work with a Democratic president.