Cricket Communications is targeting its new Muve Music service to customers whose phones are their primary access to the Internet.
Credit unknown / iStockphotos.com
Americans spend more money on music at Apple's iTunes store than any other music retailer, yet some people are being left out of the party.
For the large group of consumers without a home computer, an iTunes account is out of reach. Those are the people wireless provider Cricket Communications is targeting with Muve Music, a phone-only music service.
MELISSA BLOCK, host: This is live special coverage from NPR News. I'm Melissa Block on an evening when Standard and Poor's has moved to downgrade the US credit rating. The ratings agency lowered the U.S. long-term rating from AAA to AA-plus. By way of explanation, S&P said, among other things, that it is pessimistic about the ability of Congress and the administration to stabilize the U.S. debt. It said the recent political brinksmanship over the debt shows America's policy-making to be less stable and predictable than thought.
Originally published on Fri August 5, 2011 6:53 pm
By Eyder Peralta
Standard & Poor's announced that it had lowered the United States' long-term credit rating to double-A plus. The ratings agency cited political risks and a rising debt burden for their decision.
"The downgrade reflects our opinion that the fiscal consolidation plan that Congress and the Administration recently agreed to falls short of what, in our view, would be necessary to stabilize the government's medium-term debt dynamics," the agency said in a press release.
This is the first time in history that United States has had its credit rating lowered.
Originally published on Fri August 5, 2011 6:40 pm
Credit rating agency Standard & Poor's says it has downgraded the United States' credit rating for the first time in the history of the ratings.
The credit rating agency says that it is cutting the country's top AAA rating by one notch to AA-plus. The credit agency said late Friday that it is making the move because the deficit reduction plan passed by Congress on Tuesday did not go far enough to stabilize the country's debt situation.