NPR News: 11-18-2024 9AM EST

Summary

NPR News Now: November 18, 2024, 9AM EST Summary

G20 Summit in Rio de Janeiro: Shifting Global Priorities

Host Korva Coleman opens the episode by reporting on the ongoing G20 summit in Rio de Janeiro, where leaders from the world's largest economies are convening to address critical global issues such as poverty, climate change, and income inequality. A significant point of discussion is the recent election of Donald Trump as President of the United States, which introduces potential shifts in U.S. foreign and domestic policies.

[00:18] Korva Coleman: "Donald Trump's election is a factor. He has promised to thoroughly shift U.S. priorities on matters from global warming to wars in Ukraine and the Middle East."

Kerry Kahn, reporting from Rio, provides deeper insights into President Biden's final participation in the G20 summit. Biden's visit included a stop in the Amazon rainforest, where he pledged U.S. funds for rainforest protection and criticized those opposing America's clean energy initiatives.

[00:44] Kerry Kahn: "President Biden is at the summit... pledged U.S. funds for rainforest protection, and took some jabs at those he said would try and deny or delay America's clean energy revolution."

Brazil's President Luiz Inaciolula da Silva is advancing progressive policies aimed at taxing the ultra-wealthy and addressing hunger and poverty. In contrast, Argentina's newly elected President Javier Milei, known for his ultra-libertarian stance and recent endorsement of Trump, emerges as a potential disruptor who may not support collective G20 initiatives such as wealth taxes or climate change mitigation efforts.

[00:44] Kerry Kahn: "Brazil's President Luiz Inaciolula da Silva is forging ahead with his progressive proposals to tax the world's super rich and plans to alleviate hunger and poverty. But Argentina's ultra libertarian president Javier Milei... could be the wild card."

Trump’s Administration Picks: The Controversy Surrounding Matt Gaetz

Korva Coleman transitions to U.S. domestic politics, highlighting President-elect Donald Trump's nomination of over 30 individuals for his forthcoming administration. Among these, the appointment of former Florida Representative Matt Gaetz as Attorney General stands out due to its contentious nature.

[01:29] Korva Coleman: "Few of them have been more polarizing than his choice of former Florida Representative Matt Gaetz for Attorney General."

NPR's Luke Garrett details the controversies surrounding Gaetz, including investigations by the House Ethics Committee into allegations of sexual misconduct. Gaetz's recent resignation from Congress complicates the situation, raising questions about the release of the ongoing investigation.

[01:47] Luke Garrett: "Gaetz has since resigned from Congress, making it unclear whether the committee's investigation will be released on Sunday."

House Speaker Mike Johnson addressed the issue on CNN, stating that the ethics report is incomplete and should not be disclosed post-Gaetz's congressional departure.

[02:03] Mike Johnson: "The report is not finished. It's in a rough draft form, was not yet ready to be released. And since Matt Gaetz left the Congress, I don't think it's appropriate to do so."

Johnson further clarified that there had been no discussions about the ethics report with President Trump.

[02:18] Mike Johnson: "The president and I have literally not discussed one word about the ethics report."

Luke Garrett adds that while the House has previously released ethics reports on former members, some Senate Republicans are advocating for the publication of Gaetz's report.

[02:22] Luke Garrett: "Senate Republicans are now saying they want to see this report on Gaetz."

New York City's Proposed Congestion Fee: Economic Implications and Opposition

Korva Coleman reports on the New York City Transit Authority's upcoming vote on implementing a congestion fee in Manhattan's busiest areas. Governor Kathy Hochul initially proposed a $9 toll, but projections indicate that the base fee could increase to $15 by 2031.

[02:33] Korva Coleman: "New York's governor says it should be $9, but documents suggest that by 2031, the base toll will grow to $15."

The plan faces significant opposition, particularly from Democratic Assemblyman David Weprin, who argues that the congestion fee acts as an undue tax burden on motorists without addressing underlying transportation issues.

[02:59] David Weprin: "The financial burdens associated with congestion pricing will shut down businesses across New York City or force them to pass on the added cost to consumers if the plan is approved."

The initial toll is set to take effect on January 5th, igniting debates over its potential impact on New York City's economy and daily commuters.

U.S. Support for Ukraine: Strategic Missile Deployment Near Russian Borders

Korva Coleman shifts focus to international security, revealing that President Biden has authorized the deployment of U.S.-made long-range missiles to Ukraine. These missiles, capable of reaching nearly 200 miles into western Russia, are strategically positioned near the Kursk region, where approximately 10,000 North Korean troops are stationed alongside Russian forces.

[03:11] Korva Coleman: "President Biden will allow Ukraine to fire U.S. made long range missiles nearly 200 miles into western Russia."

Amy Held elaborates on the strategic significance of this move, highlighting that Ukraine intends to target Russian weapons stockpiles, logistical centers, and airfields, thereby intensifying the conflict dynamics in the region.

[03:50] Amy Held: "The Ukrainians could use the US Missiles to hit Russian weapons stockpiles, logistical centers and airfields."

Housing Affordability Crisis in the United States

The segment continues with Amy Held discussing the escalating challenges of purchasing a home in the United States. Recent research by Oxford Economics indicates that affording a median-priced single-family home in a metro area now requires an average annual income of $107,000, nearly double the figure from five years prior. This surge has rendered homeownership unattainable for the majority, with only one-third of households meeting the necessary income threshold.

[03:50] Amy Held: "Research by Oxford Economics finds affording a metro area median priced single family home means making on average at least 107,000 doll a year. That's nearly double from just five years ago."

Regions like California's major cities—San Jose, San Francisco, San Diego, Los Angeles, and Honolulu—are identified as the least affordable, while the Midwest offers comparatively better prospects despite rising house prices nationwide. Concurrently, soaring mortgage rates and tightened housing inventory exacerbate the situation, affecting both homebuyers and renters alike. According to Zillow, the median monthly rental cost in the U.S. has surpassed $2,000.

[03:50] Amy Held: "Only a third of households now meet that bar the least affordable areas all California cities, San Jose, San Francisco, San Diego and la, plus Honolulu... the median cost to rent in the US now tops $2,000 a month."

Historical Auction: Titanic-Linked Gold Pocket Watch Sells for Nearly $2 Million

Korva Coleman shares an intriguing historical anecdote about a gold pocket watch with significant sentimental value selling at auction for nearly $2 million. The watch was originally given to Captain Arthur Rostron, who commanded the ship that rescued hundreds of Titanic passengers in 1912. The watch was presented to him by the widows of Titanic victims, serving as a heartfelt gesture honoring his heroic efforts.

[04:35] Korva Coleman: "A gold pocket watch with history behind it has sold at auction for nearly $2 million. The watch was given to Captain Arthur Rostrun, whose ship rescued hundreds of people from the Titanic in 1912. The watch was given to him by three widows whose husbands perished when the Titanic sank."

Conclusion

In this episode of NPR News Now, listeners are provided with a comprehensive overview of pressing global and domestic issues, including international diplomacy at the G20 summit, political controversies surrounding Trump’s administration picks, urban policy debates in New York City, strategic military support for Ukraine, the dire state of housing affordability in America, and a fascinating historical artifact sale. Each segment is enriched with expert reporting and direct quotes, offering an informative and engaging snapshot of current events shaping the world today.

Transcript

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[Korva Coleman]

News in Washington, I'm Korva Coleman. Leaders of G20 nations are meeting in Rio de Janeiro, Brazil, during their summit this week. They'll discuss issues of poverty, climate change and income inequality. But Donald Trump's election is a factor. He has promised to thoroughly shift U.S. priorities on matters from global warming to wars in Ukraine and the Middle East. NPR's Kerry Kahn reports from Rio de Janeiro. President Biden is at the summit.

[Kerry Kahn]

This is President Biden's last G20 summit. He stopped in the Amazon before arriving in Rio, pledged U.S. funds for rainforest protection, and took some jabs at those he said would try and deny or delay America's clean energy revolution. Brazil's President Luiz Inaciolula da Silva is forging ahead with his progressive proposals to tax the world's super rich and plans to alleviate hunger and poverty. But Argentina's ultra libertarian president Javier Milei, just back from a quick visit to Florida to personally congratulate Trump, could be the wild card. He's not expected to sign off on a final joint declaration calling for a wealth tax or curbing climate change. Kerry Khan, NPR News.

[Korva Coleman]

Real President elect Trump has now named more than 30 people he wants to appoint to serve in his next administration. Few of them have been more polarizing than his choice of former Florida Representative Matt Gaetz for Attorney General. NPR's Luke Garrett has more.

[Luke Garrett]

Trump's pick for the nation's top cop was being investigated by the House Ethics Committee for various allegations, including sexual misconduct. Gaetz has since resigned from Congress, making it unclear whether the committee's investigation will be released on Sunday. House Speaker Mike Johnson made his wishes clear on cnn.

[Mike Johnson]

The report is not finished. It's in a rough draft form, was not yet ready to be released. And since Matt Gaetz left the Congress, I don't think it's appropriate to do so.

[Luke Garrett]

Speaker Johnson went on to say he has not discussed this with Trump.

[Mike Johnson]

The president and I have literally not discussed one word about the ethics report.

[Luke Garrett]

Not once in the past. The House has at times released ethics reports on former members of Congress, and some Senate Republicans are now saying they want to see this report on Gaetz. Luke Garrett, NPR News, Washington.

[Korva Coleman]

The New York City Transit Authority is voting today on a plan to impose a fee on motorists driving in the busiest parts of Manhattan, New York's governor says it should be $9, but documents suggest that by 2031, the base toll will grow to $15. There is a lot of opposition to the congestion fee. New York Democratic Assemblyman David Wepren says it's a tax that will hurt more than motorists.

[David Weprin]

The financial burdens associated with congestion pricing will shut down businesses across New York City or force them to pass on the added cost to consumers if the plan is approved.

[Korva Coleman]

The initial $9 toll will begin January 5th. This is NPR. NPR has learned President Biden will allow Ukraine to fire U S Made long range missiles nearly 200 miles into western Russia. These could hit targets in and around the Kursk region where North Korean troops are deployed with Russian troops. About 10,000 North Korean troops are believed there. The Ukrainians could use the US Missiles to hit Russian weapons stockpiles, logistical centers and airfields. New research underscores the difficulties of buying a home in the U.S. as NPR's Amy Held reports, more people are being priced out of the housing market.

[Amy Held]

The housing piece of the American dream is getting more out of reach. Research by Oxford Economics finds affording a metro area median priced single family home means making on average at least 107,000 doll a year. That's nearly double from just five years ago. Only a third of households now meet that bar the least affordable areas all California cities, San Jose, San Francisco, San Diego and la, plus Honolulu. The Midwest fares better for affordability, though house prices increased all over. It comes amid soaring mortgage rates and tightening inventory for everyone, including renters. Zillow says the median cost to rent in the US now tops $2,000 a month. Amy Held, NPR News.

[Korva Coleman]

A gold pocket watch with history behind it has sold at auction for nearly $2 million. The watch was given to Captain Arthur Rossrun, whose ship rescued hundreds of people from the Titanic in 1912. The watch was given to him by three widows whose husbands perished when the Titanic sank. I'm Korva Coleman, NPR News.

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