In releasing details of his tax burden for the past two years, Mitt Romney offered a small window into a vast wealth. The tax records show that the former Massachusetts governor made $42.6 million over the past two years and because most of it came from capital gains, he paid $6.2 million in taxes.
That means that in 2010, his tax rate was 13.9 percent, and in 2011, it's expected to be 15.4 percent, lower than many Americans who pay taxes on wages.
Good morning. I'm Renee Montagne. At Disneyland and Disney World, everyone working there has a clean-cut image. It goes back to the 1950s, when Disneyland first opened and facial hair was banned. Even though Uncle Walt Disney had one, moustaches weren't even allowed until 2000. But starting next month, employees will finally be allowed to have beards, as long as they're kept short and trim, unless maybe you're one of the seven dwarves. It's MORNING EDITION. Transcript provided by NPR, Copyright NPR.
Competitive eater Takeru Kobayashi is best known for eating hot dogs. He once ate 69 in 10 minutes. Now he's on to a different food. TV host Wendy Williams invited Kobayashi on her show to set the Guiness record for most Twinkies consumed in a minute. There was no previous record for Twinkie eating.
Originally published on Tue January 24, 2012 5:07 pm
Given the nonstop, stereo-rock news cycle, the warp speed tempo of geopolitics and the constant to-and-fro between the media and the president, has the State of the Union address become obsolete?
Traditionally, the speech — an annual where-we-stand lecture delivered by the president to a joint session of Congress — has for decades been an opportunity for the professor in chief to issue a national report card and put current events in calm, codifiable context.
The hotly-contested Republican primary has gotten a lot of attention lately. Tuesday night, President Obama has a chance to reclaim the spotlight. He's delivering his annual State of the Union address. It's a high-profile platform for the president as he tries to frame the choice facing voters in November.
You might remember, last summer, the U.S. women's soccer team caught the attention of the nation with its dramatic run to the final of the women's world cup in Germany. Well, this week, the team is playing in an all-important, Olympic-qualifying tournament in Vancouver. And Christine Brennan is there covering the event for USA Today.
NPR's business news starts with another powerful woman in Brazil.
The Brazilian state oil company has a new chief executive. Her name is Maria das Gracas Foster. Petrobras is the world's fifth-largest oil producer, and Foster becomes the first woman to run a top-five oil company. This comes as the firm looks to double its production by 2020.
The company's stocks surged on news of the appointment. Foster will be the second-most powerful woman in Brazil, after the president. Transcript provided by NPR, Copyright NPR.
And our last word in business today is a pat-down throwdown. The Transportation Safety Administration says it did not detain Kentucky Senator Rand Paul. But officials at the agency did stop one of their most outspoken critics while he was going through the airport security line in Nashville yesterday.
RENEE MONTAGNE, HOST:
The Republican senator was going through a body scanner when the alarm went off. Apparently, it was an anomaly. Then, he refused to submit to a pat-down, so he was escorted out of the screening area.
As we've been reporting on the program this morning, Mitt Romney went on the attack at the GOP presidential debate in Florida last night. His target was rival Newt Gingrich, who was forced to defend his record as House speaker and later as a consultant to mortgage giant Freddie Mac. Gingrich denied charges of influence peddling that were leveled by Romney. And Gingrich said he was the type of bold, tough leader Washington needs.