Business
2:00 am
Thu March 8, 2012

The Last Word In Business

Transcript

STEVE INSKEEP, HOST:

And we turn now to a group of people worth almost as much as a small country. Today's last word in business goes to Forbes magazine, which has released its 25th annual billionaires list.

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NPR Story
2:00 am
Thu March 8, 2012

Creditors Face Deadline In Greek Bond Swap

Originally published on Fri March 9, 2012 2:00 pm

Transcript

RENEE MONTAGNE, HOST:

Private creditors holding Greek bonds have until the end of today to participate in the largest sovereign debt restructuring in history. This means creditors must exchange the Greek government bonds they now hold for new ones that are worth far less. Some creditors are balking, since it means up to a 70 percent loss on their returns.

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NPR Story
2:00 am
Thu March 8, 2012

Business News

Transcript

RENEE MONTAGNE, HOST:

NPR's business news starts with allegations of price fixing on e-books.

The Justice Department is threatening to sue Apple and five major U.S. publishers for allegedly colluding to raise the price of digital books. The Wall Street Journal reports that Apple persuaded publishers, including Harper Collins, Penguin and Simon and Schuster, to change how they price their e-books before the launch of the first iPad in 2010.

NPR Story
2:00 am
Thu March 8, 2012

Japanese Businesses Post Tsunami

Originally published on Fri March 9, 2012 2:00 pm

Transcript

STEVE INSKEEP, HOST:

Here's a stunning fact we came across as the anniversary of Japan's tsunami and nuclear disaster approaches. Of Japan's nuclear plants, only two of 54 reactors are currently active one year after the disaster. To talk about the implications of this, we've called Kenneth Cukier. He is Tokyo correspondent for The Economist magazine. He's on the line.

Welcome to the program.

KENNETH CUKIER: Hi, there.

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Middle East
1:05 am
Thu March 8, 2012

Egypt's Moves Leave Democracy Advocate Bewildered

Sam LaHood of the International Republican Institute is one of 19 American democracy promoters who face charges of fomenting unrest in Egypt. Here, he is shown last month at the U.S. Embassy in Cairo.
Courtesy IRI

Originally published on Fri March 9, 2012 2:00 pm

Sam LaHood, the son of U.S. Transportation Secretary Ray Lahood, spent four weeks holed up at the U.S. Embassy in Cairo, sleeping on an air mattress part of the time and trying to fathom why the Egyptians wanted to prosecute him and his pro-democracy colleagues.

Eventually, LaHood's organization and others with employees facing prosecution paid more than $300,000 a person in bail to get them off the Egyptian travel ban, and the U.S. government flew most of them home.

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Books News & Features
10:01 pm
Wed March 7, 2012

'Lifespan': What Are The Limits Of Literary License?

iStockPhoto.com

When an author writes something that's supposed to be a true story and readers discover he's stretched the truth, things can get ugly fast. Recall Oprah Winfrey's famous rebuke of author James Frey for making up much of his memoir, A Million Little Pieces. "I feel duped, but more importantly, I feel that you betrayed millions of readers," she told him.

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Author Interviews
10:01 pm
Wed March 7, 2012

'Fragile Beginnings': When Babies Are Born Too Soon

Dr. Adam Wolfberg had two daughters and another on the way when his wife, Kelly, went into labor. But this joyous occasion had come much too soon — Kelly was three months away from her due date. After just 26 weeks in the womb, their baby daughter Larissa entered the world by emergency cesarean section and was whisked into the neonatal intensive care unit of a Boston hospital. It was the same hospital where Wolfberg was doing his residency in obstetrics and gynecology, and his medical background turned out to be a mixed blessing.

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Presidential Race
10:01 pm
Wed March 7, 2012

How Far Apart On Iran Are GOP Candidates, Obama?

Iranian President Mahmoud Ahmadinejad visits the Natanz uranium enrichment facility in April 2008. Western governments suspect Iran is seeking nuclear weapons, a charge Tehran denies. How to handle the possible threat from a nuclear-armed Iran is a major foreign policy concern of the U.S.
AP

Originally published on Sun March 11, 2012 6:10 am

Republican presidential candidates this week — with the exception of Ron Paul — appeared to be trying to outdo each other in saying how tough they would be in dealing with Iran. Speaking before a pro-Israel group, they said President Obama has been weak — "feckless," in Mitt Romney's words.

Obama, meanwhile, was not impressed. He said he'd heard a lot of "bluster" and "big talk" about Iran, "but when you actually ask them specifically what they would do, it turns out they repeat the things that we've been doing over the last three years."

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Japan In Crisis
10:01 pm
Wed March 7, 2012

With Radiation, Doubt Grows In Fukushima Farms

A woman picks carrots on her farm as she explains her fears that no one will buy them since the radiation fallout in March 2011 in Fukushima, Japan. A year later, challenges persist for farmers in the region.
Wally Santana AP

Originally published on Fri March 9, 2012 2:00 pm

The mountain village of Kawauchi lies partly inside the area deemed unsafe because of high levels of radiation in Japan's Fukushima prefecture. Chiharu Kubota uses a high-pressure water gun to hose down buildings there.

Radiation is still leaking from the Fukushima Dai-ichi nuclear plant, which suffered multiple meltdowns immediately after last year's earthquake and tsunami.

'Nothing Is Better'

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Planet Money
10:01 pm
Wed March 7, 2012

The European Central Bank, As Seen From A Bar On The Coast Of Spain

JOSE LUIS ROCA AFP/Getty Images

Originally published on Mon May 7, 2012 11:14 am

"I have a little bar. A drinks bar," says Chadd Ritenbaugh. His bar is called El Catalonia. It's in the port of Marbella, on the Spanish coast.

"Just sun, sand, and sea," he says. "It's just kind of empty at the moment."

Ritenbaugh bought the bar in 2009. Since then, business has gone downhill. He tried, and failed, to sell.

"Nobody's out buying bars right now," he says. "Banks in Spain are not lending a cent — a euro cent."

Chad himself tried and failed to get a bank loan. "Absolutely nothing," he says.

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