5:29am

Fri June 1, 2012
Economy

Is Michigan Rebounding? Depends Who You Ask

Originally published on Fri June 1, 2012 9:04 am

Transcript

DAVID GREENE, HOST:

This election year we've seen a lot of cases where different people look at the same economic situation and come to different conclusions. And that seems to be happening in Michigan. It's America's comeback state - that according to its governor, Rick Snyder. Unemployment there is dropping, as the U.S. auto industry rebounds. And the state has a budget surplus for the first time in years.

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5:29am

Fri June 1, 2012
Business

The Last Word In Business

Originally published on Thu June 7, 2012 1:24 pm

Transcript

DAVID GREENE, HOST:

OK, let's turn now to personal wealth. Today's last word in business is disappearing millions.

The number of millionaire households in this country declined in 2011. That's according to this year's Global Wealth Study from the Boston Consulting Group. It found the number of American households with a million dollars of investable assets shrunk by 2.5 percent.

The U.S. still leads the world in millionaires, but developing countries are gaining ground. Other countries added nearly 200,000 millionaire households in 2011.

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5:29am

Fri June 1, 2012
Business

Shilling Blames Rhode Island For Company's Downward Spiral

Originally published on Fri June 1, 2012 12:01 pm

Transcript

DAVID GREENE, HOST:

Let's spend some time talking about the big money world of video games. In a moment, what may have been the biggest legal battle ever in the game industry. But first to former Boston Red Sox pitcher Curt Shilling. He is blaming the governor of Rhode Island for the meltdown of his video game company, 38 Studios. The company's failures have seen almost 400 workers lose their jobs and has Rhode Island taxpayers on the hook for close to $100 million. Ian Donnis of Rhode Island Public Radio has the story.

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5:29am

Fri June 1, 2012
Around the Nation

Komen Donations Down After Planned Parenthood Dispute

Originally published on Fri June 1, 2012 9:04 am

Transcript

DAVID GREENE, HOST:

The Susan G. Komen Global Race for the Cure takes place tomorrow here in the nation's capital. It's one of the breast cancer charity's biggest fundraisers. But this year, participation is way down. That follows Komen's controversial decision in February to stop funding Planned Parenthood programs. The decision was quickly reversed, but Komen's supporters worry about the long-term impact, as NPR's Pam Fessler reports.

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5:20am

Fri June 1, 2012
NPR Story

Court Rules Against Part Of Marriage Act

Originally published on Fri June 1, 2012 9:04 am

Transcript

DAVID GREENE, HOST:

On a Friday, it is MORNING EDITION from NPR News. Good morning. I'm David Greene.

In a unanimous ruling, a federal appeals court has struck down part of the Defense of Marriage Act. The First Circuit Court of Appeals, in Boston, ruled the 1996 law unconstitutional because it denies giving gay couples the same rights afforded to heterosexual couples. As NPR's Barbara Bradley Hagerty reports, the ruling sets the stage for a potential battle at the U.S. Supreme Court.

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5:20am

Fri June 1, 2012
NPR Story

'Call Of Duty' Creators Settle Lawsuit Against Activision

Originally published on Fri June 1, 2012 9:04 am

Transcript

DAVID GREENE, HOST:

And now to an even bigger battle that's been playing in the world of video games.

(SOUNDBITE OF VIDEO GAME)

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5:20am

Fri June 1, 2012
NPR Story

Draghi Warns Euro Framework Is 'Unsustainable'

Originally published on Fri June 1, 2012 9:04 am

Transcript

DAVID GREENE, HOST:

This is MORNING EDITION from NPR News. Good morning. I'm David Greene. The financial woes of Greece and other countries of the eurozone, have meant painful austerity measures in exchange for financial bailouts. Now, Irish voters have approved a European Union treaty to battle the debt crisis. It's an effort to enforce strict budget cuts or face financial penalties.

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3:00am

Fri June 1, 2012
Iraq

Ignoring Critics, Iraq's Leader Consolidates Power

Originally published on Fri June 1, 2012 10:30 pm

Iraqi Prime Minister Nouri al-Maliki (center) arrives on May 8 at Kirkuk airport in northern Iraq, on his first visit to the multi-ethnic city since taking office.
Marwan Ibrahim AFP/Getty Images

Iraqi Prime Minister Nouri al-Maliki recently held one of his traveling Cabinet meetings in the disputed city of Kirkuk in an effort to show Iraqi Arabs on the edge of the Kurdish-controlled north that he's working on their behalf, too.

But the fact that he felt obliged to bring in large numbers of heavily armed troops for the event illustrated the tension plaguing Iraqi politics.

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2:59am

Fri June 1, 2012
Planet Money

A Front-Row Seat At A Bank Run

Originally published on Fri June 1, 2012 9:04 am

Petros Giannakouris ASSOCIATED PRESS

A decade ago, investors thought Greece would flourish on the euro. Money poured in, and banks started lending it out. Thefilos Papacostakis, a bank teller at Alpha Bank in Thessaloniki, got to hand out a lot of that money.

Last month, Thefilos says, his bosses called him in for a meeting. They told him things were about to get worse. When countries are in this kind of trouble, the bosses said, people panic and pull their money out of banks.

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2:57am

Fri June 1, 2012
StoryCorps

When Mom Is Right, And Tells Police They're Wrong

Originally published on Fri June 1, 2012 1:28 pm

Robert Holmes, 67, is a professor at Rutgers University.
StoryCorps

When Robert Holmes' parents moved to Edison, N.J., in 1956, they were one of the first African-American families to integrate the neighborhood.

"After we'd moved to Edison, there was a resentment that we had broken into the community," Holmes says.

Even at the age of 13, Holmes felt the animosity. The neighborhood had a private swim club that opened up to anyone who participated in the Memorial Day parade. Holmes was in the band.

"I arrived at the pool on Memorial Day having marched in the parade with my uniform still on, and they called the police," he says.

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