NPR News

Pages

Business
2:54 am
Thu March 29, 2012

Former MF Global Exec Takes 5th At Hearing

Credit Susan Walsh / AP
Former MF Global Holdings Ltd. Chairman and CEO Jon Corzine testified on Capitol Hill in December. On Wednesday, a former executive at the company refused to answer lawmakers' questions about events in the run-up to the firm's collapse.

A former executive at the center of the meltdown of brokerage firm MF Global appeared before Congress on Wednesday to answer questions from lawmakers. Members of the House Financial Services Committee were hoping assistant treasurer Edith O'Brien would explain the actions of the firm's CEO, ex-New Jersey Gov. Jon Corzine.

Read more
It's All Politics
2:46 am
Thu March 29, 2012

Romney's Support For Ryan Budget Has Democrats Crying Foul

Credit Steven Senne / AP
Republican presidential candidate Mitt Romney speaks in San Diego on Monday. Democrats have criticized his support for GOP Rep. Paul Ryan's budget plan.

The U.S. House of Representatives is scheduled to vote Thursday on what's known as the Ryan budget, the spending plan from Budget Committee Chairman Paul Ryan, R-Wis., that among other things changes the structure of Medicare and rewrites the tax code. Presidential candidate Mitt Romney has endorsed the plan, but some are saying his rhetoric on the campaign trail may not match up with at least one reality of the Ryan budget.

Romney said he supported the Ryan budget the day it was unveiled.

"I applaud it," he said. "It's an excellent piece of work, and very much needed."

Read more
Middle East
2:34 am
Thu March 29, 2012

Egyptian Activists Push To End Military Trials

For Samira Ibrahim, and many other Egyptians, the struggle to remake their country didn't end with the ouster last year of Hosni Mubarak.

Ibrahim, a 25-year-old from southern Egypt, was arrested by the military during a protest in Cairo's Tahrir Square in March of last year, a month after Mubarak was overthrown.

While in custody, Ibrahim said, she and six other young women were subjected to a so-called "virginity check" — a forced penetration to check for hymen blood. Amnesty International has called the procedure a form of torture.

Read more
Business
2:13 am
Thu March 29, 2012

National Trend 'Mobs' Local Businesses With Cash

Originally published on Thu March 29, 2012 5:36 am

You may have heard of "flash mobs," where a mass of people invade a public space to make a scene. Now the idea has been turned on its head by "cash mobs," where large crowds of consumers show up at small businesses to spend money. But it's not just about propping up the local economy.

It's 5 o'clock on a Friday, and mostly quiet in the Lander's Men's Store, a mom-and-pop clothing store in Jamestown, N.Y. But shop owner Ann Powers is anticipating a mob.

Read more
Around the Nation
2:11 am
Thu March 29, 2012

Can A Small Town Survive Without Its Bank?

Credit Sarah Harris / VPR
Terry Tatro and Irene Clarke stand in front of the People's United Bank branch on Main Street in Alburgh, Vt. The two feared that the bank's closing would leave a gaping hole in their community.

Alburgh, Vt., is a town with unusual geography: It's on a peninsula that borders Quebec and is surrounded by Lake Champlain. Even though the town is small and isolated, its residents have always had somewhere to do their banking.

But in January, the People's United Bank branch on Main Street announced it was closing its doors. When Irene Clarke heard the news, she decided to do something about it.

Read more

Pages