Morning Edition on KRVS

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RENEE MONTAGNE, HOST:

This is MORNING EDITION from NPR News. I'm Renée Montagne.

STEVE INSKEEP, HOST:

And I'm Steve Inskeep. Good morning. Fundraising reports filed last night by the presidential campaigns look like recent public opinion polls - they show President Obama with a narrow advantage in monthly fundraising last month, although Republican Mitt Romney has the edge by some other measures.

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RENEE MONTAGNE, HOST:

And our last word in business today is: Why wait?

American consumers will likely go to great lengths - and stand in lines of great lengths - to get the iPhone 5, which goes on sale today.

STEVE INSKEEP, HOST:

People are lining up in front of Apple stores already. But this is a market economy, after all, and time is money, which explains why some people are paying others to stand in line for them.

IAN DEBORHA: I'm getting paid $55 for four hours.

unemployment is still above 8 percent and some companies are warning of lower profits. Yet the stock market keeps climbing. Renee Montagne talks to David Wessel, economics editor of The Wall Street Journal, about why markets are at their highest levels since the financial crisis four years ago.

By the time Glenn Beck left the Fox News Channel in June 2011, both sides seemed ready, even eager, to part ways. Beck announced he would move on to bigger and grander ventures with his own production company, Mercury Radio Arts, but some media critics, such as Variety's Brian Lowry, shrugged then and since.

We were curious how hard it would be to set up an offshore company, so this summer we bought two. We at Planet Money are now the proud owners of "Unbelizable Inc." in Belize and "Delawho? LLC" in Delaware. The whole process was quick and easy.

At least that's how it seemed at first — until we got an email from David Buckley, a tax lawyer at Rogin Nassau, telling us we had just walked into an IRS sinkhole.

Buckley described it as "a minefield of U.S. tax obligations," and he said he was worried about me. (The companies are in my name.)