The so-called millionaires tax on New York's top wage earners is set to expire at the end of the year, even as the state struggles to balance its books. A poll released Thursday shows that New Yorkers favor extending the tax by more than 2 to 1.
But the millionaires tax also has its opponents, including the state's popular and powerful governor, Democrat Andrew Cuomo.
John Samuelsen, president of New York City's transit workers union, called on lawmakers to extend the millionaires tax during a rally this week outside City Hall in Manhattan.
ARI SHAPIRO, host: And, of course, this crisis stretches far beyond Greece. French President Nicolas Sarkozy went on national television last night to explain his country's part of the deal. He said the French people must expect further belt-tightening measures. Eleanor Beardsley reports that it was a chance for Sarkozy to assert control just six months ahead of a presidential election.
ARI SHAPIRO, host: This is MORNING EDITION from NPR News. I'm Ari Shapiro. Renee Montagne and Steve Inskeep are away. In Oakland, California, protestors with the Occupy Wall Street movement continue to stand vigil in a downtown plaza in front of City Hall. This week, police fired teargas and bean bags at protestors. The incident is under investigation, and NPR's Carrie Kahn reports that the confrontation has reignited criticism of the Oakland police.
CARRIE KAHN: In the downtown park in front of City Hall, the protestors have changed their tune.
U.S. stocks had one of their best days in weeks Thursday: The Dow jumped nearly 3 percent and prices in Europe went through the roof. The surge came after the announcement that European leaders finally agreed on a comprehensive plan to tackle their debt problems. Does the rally mean investors think the crisis is over?
Ari Shapiro talks to Thomas Lippman, a scholar at the Middle East Institute, about the successor to the crown prince in Saudi Arabia and the complex Saudi royal family. The crown prince — heir apparent to the throne — died last weekend, and a new one has been appointed by King Abdullah: the king's 78-year-old half-brother.
Originally published on Fri October 28, 2011 1:36 pm
Farming nowadays is risky business — it's not uncommon for a farmer to invest $500,000 in 1,000 acres of corn or soybeans, and run the risk of losing a chunk of their income to pests or fickle weather events like droughts and floods.
That's why farmers say crop insurance is "the most important safety net program" for them, says Joe Glauber, chief economist of the U.S. Department of Agriculture.
As expected, King Abdullah of Egypt has appointed his half-brother, 78-year-old Nayef bin Abdulaziz, crown prince. The news comes, after the heir to the throne, Crown Prince Sultan bin Abdel Aziz Al Saud died on Saturday.