Europe
7:38 am
Tue March 19, 2013

Cyprus Proposes Exempting Smaller Deposits From Tax

Originally published on Tue March 19, 2013 8:42 am

Transcript

RENEE MONTAGNE, HOST:

Lawmakers in Cyprus are trying to ease rage over a proposed tax on all bank deposits by exempting people who have relatively small accounts. It's part of a bailout plan for that Mediterranean country negotiated with the E.U. and IMF over the weekend, but the compromise on taxes may not be enough for Cyprus' parliament to pass the plan.

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The Two-Way
7:24 am
Tue March 19, 2013

Top Stories: Pope's Pledge To Protect Poor; Dueling Claims In Syria

Pope Francis as he arrived in St. Peter's Square on Tuesday for his inaugural Mass.
Alessandro Bianchi Reuters /Landov
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The Two-Way
7:03 am
Tue March 19, 2013

Accident During Live-Fire Exercise Kills At Least Seven Marines In Nevada

Originally published on Tue March 19, 2013 3:43 pm

  • NPR's Tom Bowman, reporting for our Newscast Desk

At least seven Marines are dead and another seven are injured after an accident Monday night in Nevada in which a mortar round exploded inside an artillery tube, military officials tell NPR's Tom Bowman.

The Marines were taking part in a live-fire exercise, those officials say. "Shell fragments, I'm told, killed almost three [Marines] immediately," Tom says. The others died before they could be evacuated to a hospital.

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The Two-Way
6:57 am
Tue March 19, 2013

Cyprus Lawmakers Reject Unpopular Bailout Plan

A Cypriot woman holds a sign during a protest against an EU bailout deal outside the Parliament in Nicosia on Monday.
Patrick Baz AFP/Getty Images

Originally published on Tue March 19, 2013 1:55 pm

Update at 2:25 p.m. ET: Deal Turned Down:

Cyprus lawmakers have rejected the bank tax bill, with zero votes in favor, 36 against and 19 abstentions, after a two-hour debate, The Associated Press and Reuters news agencies report. The bill's rejection throws into doubt the $13 billion international bailout package needed to forestall a default.

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The Two-Way
6:47 am
Tue March 19, 2013

Housing Rebound Continues: Starts Rose 0.8 Percent In February

A home under construction in Atlanta late last year. The housing sector is now one of the economy's bright spots.
Erik S. Lesser EPA /LANDOV

Construction was begun on 0.8 percent more homes in February than in January, the Census Bureau and Department of Housing and Urban Development say. Their report is another in a series of signs in recent months that the housing sector's rebound continues.

The number of "housing starts" was up 27.7 percent from February 2012.

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Local News
6:37 am
Tue March 19, 2013

Next Big Oil Boom Could Come In Northwestern NM

Mancos Shale formation.
Credit dsearls via Flickr

  Executives from some of the nation's biggest oil and gas companies say the next big oil boom could take place in northwestern New Mexico.

The executives are in Farmington for a conference to discuss the potential for a previously untapped section of the San Juan Basin known as the Mancos shale.

Former U.S. Sen. Pete Domenici says about 1.8 billion barrels of oil could be recovered from New Mexico reservoirs in the Mancos shale, which also extends into Colorado, Utah and Wyoming.

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The Two-Way
6:37 am
Tue March 19, 2013

Book News: Honolulu, Chicago Campaign To Host Obama's Presidential Library

President Obama arrives on Capitol Hill earlier this month.
J. Scott Applewhite AP

The daily lowdown on books, publishing, and the occasional author behaving badly.

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Local News
6:25 am
Tue March 19, 2013

NM's Unemployment Rate For January Was 6.6 Percent

New Mexico's unemployment rate in January is unchanged from December's revised rate.

Labor officials say New Mexico's unemployment rate of 6.6 percent is an improvement over January 2012 when the rate was 7.0 percent.

The New Mexico Department of Workforce Solutions says the rate of over-the-year job growth was 0.4 percent for January. That represents a gain of 3,500.

The largest employment gains were reported by the leisure and hospitality industry, which added 2,000 jobs since last year. The financial activities industry added 1,500 jobs.

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Local News
6:24 am
Tue March 19, 2013

Albuquerque Mayor: Unsure If Nominee To Hit Probe

 The mayor of New Mexico's largest city says he's unsure how the nomination of a U.S. Justice Department official as U.S. Labor Secretary will affect a pending federal probe into Albuquerque police.

Albuquerque Mayor Richard Berry says he didn't know if the nomination of Thomas Perez will change how federal officials will examine the department.

The U.S. Justice Department is investigating Albuquerque police over cases of alleged excessive force. Perez currently is the nation's chief civil rights enforcer for the Justice Department.

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Local News
6:22 am
Tue March 19, 2013

Albuquerque Police Chief Says He Wasn't Forced Out

The police chief of New Mexico's largest city says his decision to step down isn't connected to a pending U.S. Justice Department investigation but rather because "it's time."

Albuquerque Police Chief Ray Schultz told The Associated Press on Monday the move to retire came after deciding the timing was right to move on after more than 30 years in law enforcement.

He says that Albuquerque Mayor Richard Berry did not pressure him to step down, even as others called for his resignation.

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