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The Record
2:04 am
Wed August 14, 2013

Why Steinway Is Likely To Be Sold To A Hedge Fund Manager

The Steinway Musical Instruments factory in Queens, N.Y.
Ilya Marritz

Originally published on Tue September 10, 2013 10:16 am

Steinway & Sons, the 160-year-old musical instrument maker, is set to change hands.

Last month, a private equity firm emerged as the company's likely buyer. But a mystery bidder — rumored to be hedge fund manager John Paulson — has swooped in at the last minute, and now looks likely to take control of one of the oldest manufacturers in the United States. Paulson made billions betting against the housing market at a time when many thought housing prices could only go up. His reported offer for the company is $458 million.

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Energy
2:01 am
Wed August 14, 2013

10 Years After The Blackout, How Has The Power Grid Changed?

The sun sets over the Manhattan skyline during a major power outage affecting a large part of the Northeastern United States and Canada on Aug. 14, 2003. Ten years later, some improvements have been made to the grid to prevent another large-scale blackout.
Robert Giroux Getty Images

Originally published on Wed August 14, 2013 11:58 am

Ten years ago, a sagging power line hit a tree near Cleveland, tripping some circuit breakers. To compensate, power was rerouted to a nearby line, which began to overheat and sink down into another tree, tripping another circuit. The resulting cascade created a massive blackout in the Northeast U.S., affecting power in eight states and part of Canada.

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Parallels
2:00 am
Wed August 14, 2013

Brazilians Flood To U.S. On Massive Shopping Sprees

Camila DeSouza, a 17-year-old Brazilian, shops for shoes at a mall in Sunrise, Fla., on July 16, 2012. During their winter, Brazilians flock to the U.S., mainly to shop. Even with the cost of airfare figured in, many products are far cheaper in the U.S. than in Brazil.
Charles Trainor Jr. Miami Herald/MCT /Landov

Originally published on Wed August 14, 2013 6:26 pm

What's the busiest U.S. Consulate in the world? If you guessed in Mexico or China, you'd be wrong.

It's actually in Brazil, Sao Paulo to be exact. The consulate there is giving a record number of visas to Brazilians who want to visit the U.S. And that is giving a boost to the economies of cities like Miami.

On a recent day, Tiago Dalcien and his girlfriend stand outside the U.S. Consulate in Sao Paulo clutching their passports and other documents. He is a 30-year-old banker; his girlfriend is a doctor.

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The Race Card Project: Six-Word Essays
1:59 am
Wed August 14, 2013

Determined To Reach 1963 March, Teen Used Thumb And Feet

Robert Avery has been a councilman in his hometown of Gadsden, Ala., for almost three decades. As a teen, he and two friends hitchhiked to the nation's capital, where they made signs for the March on Washington.
Erica Yoon NPR

Originally published on Fri August 23, 2013 8:48 am

For the month of August, Morning Edition and The Race Card Project are looking back at a seminal moment in civil rights history: The March on Washington for Jobs and Freedom, where the Rev. Martin Luther King Jr., delivered his iconic "I Have A Dream Speech" on Aug. 28, 1963. Approximately 250,000 people descended on the nation's capitol from all over the country for the mass demonstration.

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Nickel Tour: Get To Know Great Tour Guides
1:03 am
Wed August 14, 2013

The Vintage Cadillac With The Memphis Soundtrack

American Safari tour guide Tad Pierson stands beside his 1955 pink Cadillac. Visitors to Memphis can get a personalized tour that highlights the city's rich music heritage.
Debbie Elliott NPR

Originally published on Wed August 14, 2013 8:16 am

In the town where I grew up — Memphis, Tenn. — Tad Pierson has made a career out of his love for cars and American music by working as a tour guide. We meet in the grand lobby of the Peabody Hotel, the downtown landmark famous for its ducks and Southern elegance. But it's also considered the starting point of the Mississippi Delta, a region steeped in the blues.

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