Steve Inskeep talks to Steve Coll about his new book, Private Empire: ExxonMobil and American Power. In it, Coll delves into the business model of one of the country's largest and most profitable corporations. He explores how the Exxon Valdez oil spill in 1989 shaped the culture at the company for years to come.
It's MORNING EDITION from NPR News. I'm Steve Inskeep.
DAVID GREENE, HOST:
And I'm David Greene.
Our own Renee Montagne is in Afghanistan at a moment when its relationship with the United States is turning a corner. And for the next couple of weeks, Renee is going to be bringing us a range of voices and also opinions about what lies ahead. Renee joins us now from Kabul.
Greeks go to the polls Sunday in a climate of intense voter anger at the politicians they blame for turning their country into an international economic pariah. Protest votes could fill Parliament with an array of new parties, and most surprising is the growing popularity of the xenophobic Golden Dawn, which espouses a neo-Nazi ideology.
Last night at the Sotheby's auction house in New York, there was something to scream about. Our last word in business is: "The Scream."
STEVE INSKEEP, HOST:
As we reported yesterday, the Expressionist masterpiece by Edvard Munch went up for sale. There are four versions of this composition, but just one had been privately held by an heir of one of Munch's patrons.
Bolivia and Argentina's nationalization of Spanish companies hasn't gone over well in Madrid. Spanish officials say Bolivia and Argentina will pay the price in the long run, as investors become weary of doing business if their assets could ultimately get seized.
NPR's business news starts with control of the energy.
(SOUNDBITE OF MUSIC)
GREENE: In South America, a shift towards political populism has led to the nationalism of an oil company in Argentina and an electricity provider in Bolivia. Both of the companies seized are Spanish. The nationalizations are hitting Spain during a time of deep economic crisis. And as we'll hear in a few minutes from reporter Lauren Frayer, they sparked a lot of anger in Spain.
As the presidential campaigns refocus on November, they're zeroing in on digital domains. In fact, the Obama campaign has spent six times as much money advertising online as it has on TV so far, though that's certain to change.
And Republicans are fighting back with a new Facebook app called the "Social Victory Center." (You have to be a Facebook user to access the site.)