New York has its first million dollar parking spot. The 12 by 23 foot space in lower Manhattan's East Village comes with its own deed and maintenance fees just like the luxury condo it's attached to. The New York Post calculates the investment this way: It's the same as paying $115 parking ticket every day for the next 24 years.
With world leaders gathered for a NATO summit in Chicago, high on their agenda is the future of Afghanistan once Western troops withdraw. Among the leaders there is the president of Pakistan. Pakistan has been keeping NATO from using critical military supply routes running through that country to Afghanistan, something that's irritated NATO countries, whose troops are fighting in Afghanistan.
The TV show House is airing its final episode Monday night on FOX, Desperate Housewives on ABC ended last week and NBC has announced that 30 Rock will have its final episodes this fall. TV and media critic Eric Deggans of the Tampa Bay Times explains why choosing to end a show, rather than getting canceled, presents a creative opportunity for the producers.
A giant of American business goes on trial in New York today. Rajat Gupta is accused of insider trading. He's the one-time chief executive of the consulting firm McKinsey and Company and a former board member of Goldman Sachs.
Prosecutors allege he passed on information about Goldman to billionaire Raj Rajaratnam, who's already in prison for insider trading.
NPR's Jim Zarroli is covering this story from New York. Hi, Jim.
Astronomy buffs in the western U.S. were treated to an eclipse known as the Ring of Fire over the weekend. Technically, it's an annular solar eclipse, during which time the moon passes between the earth and sun. The moon blocks out much of the sun's light and casts a giant shadow on the earth.
Unlike a lot of people I know, my summer reading doesn't differ significantly from the reading I do the rest of the year. I'm always looking for new authors, older titles I might have missed, books I want to reread, and a nice mixture of fiction and nonfiction. While I understand the concept of beach reading, for me it doesn't mean light reading, but rather choosing books whose ultimate destruction by sand and water won't concern me overly much because I know that I can easily replace them.
Greece keeps cutting its budget to help pay debts and avoid default but then its economy keeps contracting, making the problem worse. The new French President Francois Hollande wants to find a way to stimulate Europe's economy.
All right. As protestors make their preparations outside, inside the NATO summit, there's an expectation that leaders will showcase a unified, long-term commitment to Afghanistan after the 2014 troop drawdown. The United States already signed a strategic security pact with Afghanistan, pledging support for that country until 2024. The Obama administration hopes to convince other countries at the summit to do the same, but as NPR's Jackie Northam reports, it could be a hard sell.
INSKEEP: Technology giant Hewlett-Packard is poised to eliminate as many as 30,000 jobs worldwide. These cuts, though, will reportedly spare China - the company's largest source of growth, as well as its research and development divisions.
The head of JPMorgan Chase, Jamie Dimon, has gotten an invitation to testify in front of the Senate Banking Committee about his bank's recent trading loss of at least $2 billion.
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Dimon is very much the public face of his firm. In a Wall Street culture where banks are defined as much by the executives who run them is by the assets they hold. So, what kind of culture led to the multibillion dollar losses at JPMorgan Chase?
This is MORNING EDITION, from NPR News. Good morning. I'm David Greene.
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Americans now have a little more information on which to base their debate about Trayvon Martin. The teenager's killing in Florida - where he was shot by a man named George Zimmerman - prompted an intense and politically charged national discussion about violence, about gun laws and about race.
This Saturday, 200 buglers will assemble at Arlington National Cemetery to begin playing "Taps," a call written 150 years ago this year.
Retired Air Force Master Sgt. Jari Villanueva, a bugle player, says he started out as a Boy Scout bugler at about age 12. He went on to study trumpet at the Peabody Conservatory before being accepted into the United States Air Force Band — where one of his duties over the next 23 years was to sound that call at Arlington National Cemetery.
An Oklahoma teacher asked her fifth graders to each bring in a rock. One student brought in a stone that looked like a tooth. It turns out it was a tooth, according to the Muskogee Daily Phoenix. The tooth may up to 40 million years old.
The Baltimore legend is known for his pencil-thin mustache, and for movies like Hairspray. He's said in interviews he enjoys hitchhiking. Recently, the band Here We Go Magic tweeted photos of him in their van.
The Federal Trade Commission has announced that Skechers will pay more than $40 million to settle charges that the company made unfounded claims about its shape-up shoes. The FTC says the marketing was deceptive.
John Peet, Europe editor of The Economist in London, talks to David Greene about European reaction to heightened speculation that Greece may leave the eurozone. Next month, voters are likely to back parties that want to tear up the IMF-EU bailout deal.
This is MORNING EDITION, from NPR News. Good morning. I'm David Greene. And let's talk a little TV now. The broadcast networks are all gathered up in New York this week for what's known in the biz as the upfronts. This is when they tout their fall lineups to advertisers with star-studded presentations, trying to get their share of about $9 billion worth of advertising.
NPR's business news starts with some good news for the housing market.
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GREENE: Home foreclosures in the United States are down for the third straight month, according to the foreclosure listing from RealtyTrack. Nationwide, a new RealtyTrack report finds foreclosure rates in April were down 14 percent over last year, hitting the lowest monthly level in nearly in five years. Transcript provided by NPR, Copyright NPR.
Students and seniors discussed Claude Monet's S<em>unset at Pourville</em> during a recent visit to the Kreeger Museum in Washington, D.C.<em></em>
Credit The Kreeger Museum
The Kreeger Museum in Washington, D.C., was once the residence of David Kreeger, former GEICO chairman, and his wife, Carmen Kreeger. It was designed in 1967 by Philip Johnson. The Kreeger is one of several museums in the country that have a special program designed for people with Alzheimer's.
Credit Staff photo / Courtesy of the Kreeger Museum
Many art lovers feel completely in the moment when they stroll through the galleries of a museum. That feeling was particularly true on a recent morning at the Kreeger Museum in Washington, D.C. The Kreeger runs a special program for people with Alzheimer's — seniors, their caregivers and middle school students are paired together to enjoy the art and one another's company.