NPR's business news starts with markets rather optimistic.
Stock market averages in Asia closed higher today for the third day in a row. There's apparently a feeling that the U.S. and Europe are poised to make moves that will help the global economy. Investors are betting that the Federal Reserve will launch new stimulus action. And they're also betting that some decisive action will be taken soon to reign in the fiscal crisis in Europe.
Here in the U.S., analysts are trying to figure out what affect an oil refinery fire could have on gasoline prices. The fire erupted Monday night at an important refinery in Richmond, California. It's owned by Chevron Corporation. It was extinguished within five hours, but could have a lasting impact.
NPR's Richard Gonzales reports that gas prices are expected to shoot up in an already expensive market.
And our last word in business is: shocking - positively shocking.
STEVE INSKEEP, HOST:
Any James Bond fan knows that's a line from (Singing) "Goldfinger."
It's what Bond says after electrocuting a henchmen in a bathtub.
MONTAGNE: Britain has the Olympics, and this fall, it will have a 24-hour James Bond channel. British broadcaster BSkyB is launching the channel for the month of October to mark the 50th anniversary of the Bond franchise.
We've been hearing, in recent days, about the city of Anaheim here in Southern California. Violent protests shook that city following police shootings of two Latino men. Tensions there remain high, and tonight the city council will hold a special meeting to hear residents' concerns. But as NPR's Carrie Kahn reports, some community members say their complaints have long been ignored in what they say is a city that cares more about Anaheim's big businesses than about them.
The latest clash between President Obama and Mitt Romney is over an issue dating to the 1990s - Bill Clinton's welfare overhaul. That law has a work requirement which is supposed to help move people off welfare and into jobs. Mitt Romney is now accusing the Obama White House of undermining the law, which the Obama administration calls an outright lie. We asked NPR's Ari Shapiro to do some truth squadding.
ARI SHAPIRO, BYLINE: First the accusation. The Romney campaign's new TV ad says Barack Obama has gutted the welfare laws.