Now, one way governments raise money is by issuing bonds: you or your pension fund lend them the money, and they then pay a set amount of interest for a set amount of time, say 10 or 20 years. Well, Britain's finance minister, George Osborne, is reportedly ready to announce that the UK plans to issue a bond that only your great-grandchildren will be able to cash in. It matures in a hundred years.
Italy's next step in a crisis is at the top of NPR's business news.
Italian prime minister Mario Monti is trying to restructure the economy so his country has a better shot at paying its debts. Today, he sits down to negotiate with the country's powerful trade union leaders. Monti hopes to weaken legal protections that make it almost impossible to fire employees. He blames these rules for slow economic growth and high unemployment in Italy.
When 21-year-old Kevin Smith decided he wanted to be a filmmaker, his sister gave him some advice: "Don't say you want to be a filmmaker; just be one." So he did. He made his first film, Clerks, on a shoestring, shooting at the convenience store where he worked.
One of the defining elements of the 2012 presidential campaign is money. Not that the candidates themselves have raised all that much; except for President Obama, they haven't. But two dozen wealthy Americans have put in at least $1 million each.
Mostly, they're a mix of Wall Street financiers and entrepreneurs. One of the biggest donors is Sheldon Adelson, a casino magnate who is worth about $25 billion.
Don Draper, the main character on the hit TV show Mad Men, is said to have been inspired by a real Madison Avenue ad man: George Lois. Lois was a leader in the "Creative Revolution" in advertising during the 1950s, and became one of the most influential art directors in advertising history. His work helped make brands like Xerox, Lean Cuisine and Jiffy Lube famous. Lois is perhaps best known for creating iconic Esquire magazine covers, many of which now reside in the Museum of Modern Art.
NPR's business news starts with Apple's giant pile of money.
(SOUNDBITE OF MUSIC)
INSKEEP: The maker of iPads, iPhones and computers is sitting on almost one hundred billion dollars in cash and securities. And today, Apple announced that it will spend some of that money paying a stock dividend to shareholders and buying back some company stock. NPR's Steve Henn has been following developments, and joins us on the line from Silicon Valley. Steve, good morning.
Four years since they first began making music together, the Brooklyn-based duo Tanlines is finally releasing an album: Mixed Emotions, out tomorrow. The band is Eric Emm, who sings and plays guitar, and Jesse Cohen, who plays drums, keyboards and an assortment of electronic instruments. Cohen is also the chattier of the two.
"We use a lot of different drum kits that are in a computer," Cohen explains. "We also play a lot of stuff live, and a lot of time you can't really tell which is real and which is fake. That's sort of a thing that we like to play with."
Trustees of the Valles Caldera National Preserve held their spring meeting today and expressed optimism about the ecosystem’s recovery after last summer’s Las Conchas fire. KUNM’s Carrie Jung has more.
The student government at the University of California, Irvine voted Thursday night to call for the resignation of Dr. Hazem Chehabi, who is the chairman of its school's foundation. He also serves as the Syrian consul general in California. He is a personal friend of Syria's dictator Bashar Assad.
If you're trying to determine whether the ground chuck you buy in the grocery store contains so-called pink slime, or lean beef trimmings, you won't find it on the ingredient list. "It's not required to be labeled," explains Don Schaffner, a food scientist at Rutgers University.
Jiro Ono, 85, owns a small sushi restaurant in a Tokyo subway station. The 10 seats at the sushi bar require reservations months in advance. In the new movie, Jiro Dreams of Sushi, director David Gelb explores the chef's relationships with his sons and the art of sushi-making. Gelb talks to Renee Montagne about Ono's story.
The Department of Agriculture has announced it would give schools the choice to order ground beef that does not contain Pink Slime — otherwise known as lean beef trimmings. But beef trimmings aren't just found in school lunches.
This is MORNING EDITION from NPR News. I'm Renee Montagne.
We're learning more about the American staff sergeant accused of killing 16 villagers in Afghanistan. Last night, his lawyer said the soldier did not want to go to Afghanistan, his fourth deployment for the Army. He had been wounded twice and he didn't think he was healthy enough to deploy. The attorney didn't release the soldier's name, but did say he was the father of two young children and added that the soldier's family was totally shocked by the allegations against him.
It's MORNING EDITION from NPR News. I'm Renee Montagne with Steve Inskeep.
The heirs to one Latin America's biggest media conglomerates, a brother and a sister, spent years with their real identities in question. They've long been thought to be part of a group of children stolen from their birth parents more than 30 years ago. That was during Argentina's Dirty War, the terror campaign waged by the military junta then ruling Argentina against members of the opposition.
The Israeli film "Footnote" has racked up a pile of awards - Best Screenplay at Cannes, nine awards at Israel's Oscars, and a nomination for Best Foreign Language film at the Academy Awards.
Film critic Kenneth Turan says it's all deserved.
KENNETH TURAN: "Footnotes"'s subject matter sounds dry, unlikely, even obscure. The film is set in Jerusalem's Hebrew University and deals with the implacable rivalry between two scholars of the Talmud, the complex and sacred text of the Jewish religious tradition.
Bruce Springsteen and the retooled E Street Band ripped through a nearly three-hour "secret" concert at the Moody Theater, the new home of <em>Austin City Limits</em>, during SXSW. Ever the showman, Springsteen crowd-surfed.
The SXSW music convention takes over Austin, Texas, for five days each March. This year, NPR Music's Ann Powers is in Austin trying to catch as much of the action as she can. At South By Southwest's midpoint, Powers spoke to Morning Edition's Renee Montagne about the highlights so far (including that awesome Springsteen keynote, which you can listen to in its entirety), and what she's looking forward to seeing over the festival's second half.
Defense Secretary Leon Panetta is in Afghanistan on a long-planned trip that has turned into something of a fence-mending mission. A U.S. soldier is accused of killing 16 Afghan civilians. That attack is the latest in a series of negative events involving U.S. forces.
It's MORNING EDITION, from NPR News. I'm Steve Inskeep.
RENEE MONTAGNE, HOST:
And I'm Renee Montagne.
The U.S. Secretary of Defense Leon Panetta is in Afghanistan. It's a long-planned trip that's turned into something of a fence-mending mission. Yesterday, Panetta met with U.S. Marines and Afghan troops in the southern province of Helmand.
When Greg Smith quit his job at Goldman Sachs, he slammed his former employer in a blistering newspaper essay. People don't often quit with such a public display of vitriol. But when they do, it certainly gets attention.
A new ABC series, called "Missing," debuts tonight. It features Ashley Judd as a woman tracking her teen son in Europe who's mysteriously disappeared. TV critic Eric Deggans says the series is part of a new TV trend this spring: shows that are more experimental and edgy.
ERIC DEGGANS, BYLINE: Would you believe Ashley Judd as a mom who works as a florist, but also used to be a deadly CIA operative?