Election 2012
2:37 am
Tue May 1, 2012

N.H. Sen. Kelly Ayotte Considered For Romney's VP Slot

Originally published on Tue May 1, 2012 5:12 am

Republican Sen. Kelly Ayotte of New Hampshire is the latest politician to appear on the campaign trail with presumed Republican presidential nominee Mitt Romney. That's fueled speculation that Ayotte is being considered as a running mate.

Asia
2:37 am
Tue May 1, 2012

China Suppresses Coverage Of Two News Stories

Originally published on Tue May 1, 2012 8:05 am

Two stories out of China — the escape of a blind dissident from house arrest and the corruption scandal involving a top politician and his family — have attracted international attention. But inside China, the picture is different. The government has successfully suppressed the story about the dissident, Chen Guangcheng, such that most Chinese have never even heard of him. The Communist Party has waged a smear campaign against the fallen official, Bo Xilai, whom citizens see as a loser in a power struggle, a corrupt politician or both.

Business
2:37 am
Tue May 1, 2012

The Last Word In Business

Originally published on Tue May 1, 2012 5:44 am

In a new report, the employment firm Challenger, Gray and Christmas predicts more jobs for teenagers this summer. While the jobs picture is improving, CEO John Challenger says teen hiring is still several years away from returning to pre-recession levels.

Africa
2:37 am
Tue May 1, 2012

Conflict Simmers Between Sundan, South Sudan

Originally published on Tue May 1, 2012 5:07 am

South Sudan is the country that voted to break away from Sudan. They've been jostling for control of border zones, including oil fields. And just as the two sides were sitting down to negotiate, fighting broke out.

Business
2:37 am
Tue May 1, 2012

Siemens Changes Its Culture: No More Bribes

Originally published on Tue May 1, 2012 4:47 am

Transcript

STEVE INSKEEP, HOST:

Wal-Mart faces many questions after The New York Times reported that the company's expansion in Mexico involved systematic bribery. It is not, however, the first corporation to face this problem.

DAVID GREENE, HOST:

Years ago, Siemens - the giant German manufacturing firm - faced an even bigger scandal. Siemens is a little like General Electric. It seems to make everything everywhere, from security equipment to locomotives.

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Business
2:37 am
Tue May 1, 2012

Bank Of America To Lay Off More Workers

Originally published on Tue May 1, 2012 5:23 am

Transcript

STEVE INSKEEP, HOST:

NPR's business news begins with more job cuts at Bank of America.

(SOUNDBITE OF MUSIC)

INSKEEP: The Wall Street Journal reports that the nation's second-largest bank is planning about 2,000 layoffs at its investment banking, commercial banking and wealth management units. These cuts are notable because they include high-earning employees in operations that account for most of Bank of America's profits since the financial crisis.

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Europe
2:37 am
Tue May 1, 2012

British Parliament To Issue Report On Phone-Hacking Scandal

Originally published on Tue May 1, 2012 5:26 am

Transcript

STEVE INSKEEP, HOST:

It's MORNING EDITION from NPR News. I'm Steve Inskeep.

DAVID GREENE, HOST:

And I'm David Greene. Over the course of more than 60 years in the media business, Rupert Murdoch has earned a reputation as a blunt-spoken businessman who comes out swinging. Well today, British parliamentarians didn't pull their punches against him. They released the findings of an investigative panel that spent months looking into the illegal phone-hacking practices at Murdoch's News of the World, the now-closed British tabloid.

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Business
2:37 am
Tue May 1, 2012

Caring For Sick Or Elderly Is Tough On The Wallet

Cheryl Matheis is senior vice president for policy at the AARP.
Courtesy of Cheryl Matheis, AARP

Originally published on Thu May 17, 2012 10:26 am

The average caregiver is 49 years old. Cheryl Matheis, senior vice president for policy at AARP, tells Steve Inskeep when a worker has to leave their job to care for a relative, they lose on average $325,000 in lifetime income — from lost wages, Social Security and pensions.

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Europe
1:07 am
Tue May 1, 2012

In French Election, Candidates Chase Far-Right Votes

A campaign poster for French President Nicolas Sarkozy stands next to a torn poster of National Front candidate Marine Le Pen in northern France. Sarkozy needs Le Pen's far-right voters if he is to win the runoff election on Sunday.
Philippe Huguen AFP/Getty Images

Originally published on Tue May 1, 2012 5:35 am

President Nicolas Sarkozy is fighting desperately to hold on to his job with five days to go until the French presidential runoff against socialist rival Francois Hollande.

Both candidates have been trying to appeal to supporters of France's far-right leader Marine Le Pen, who came in third place in the first round of balloting held last month. Sarkozy, from the center-right, finished in second place, with Socialist candidate Francois Hollande taking first with nearly 29 percent of the vote.

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Crisis In The Housing Market
1:05 am
Tue May 1, 2012

Some Housing Markets Rebound, But Bargains Scarce

While some sections of Arizona's housing market have shown signs of recovery, potential homebuyers who are looking for affordable houses have been frustrated. This file photo from 2008 shows a subdivision extending into desert scrubland.
Chris Hondros Getty Images

Originally published on Tue May 1, 2012 7:12 am

The real estate market has turned around in some parts of the U.S., but many buyers aren't seeing true bargains anymore. Investors are driving up prices, and inventory is low, especially for homes priced under $250,000. That's not great news for anyone hoping to buy an affordable house to live in.

Arizona is home to one of the nation's extraordinary turnarounds. The Phoenix-area median home price rose 20 percent over the past year — 6 percent in March alone. And Tucson was recently named the nation's best market for investors. But the easy money has already been made.

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