NPR News

Pages

Asia
2:21 am
Tue May 8, 2012

Pakistan's Prime Minister Refuses To Step Down

Originally published on Tue May 8, 2012 4:41 am

Transcript

STEVE INSKEEP, HOST:

Pakistan's Supreme Court has issued a judgment against the country's prime minister - again. The court had already ruled against Prime Minister Yusuf Reza Gilani for blocking a corruption investigation. Now, the judges have released details of their ruling, giving 77 pages worth of reasons why they found the prime minister in contempt of court. Let's remember this conflict is taking place in a vital, if troubled, U.S. ally.

NPR's Julie McCarthy joins us on the line from Islamabad, as she has so many times over the years. Hi, Julie.

Read more
Business
2:21 am
Tue May 8, 2012

Business News

Originally published on Tue May 8, 2012 4:41 am

Transcript

DAVID GREENE, HOST:

NPR's business news starts with a shareholder revolt.

(SOUNDBITE OF MUSIC)

Business
2:21 am
Tue May 8, 2012

Mortgage Update

Bank of America is offering to reduce an average $150,000 in principal for borrowers who qualify, a bank official says.
Chuck Burton AP

Originally published on Tue May 8, 2012 7:03 am

Bank of America is offering about 200,000 homeowners a chance to wipe out a big chunk of their mortgage debt. The offers are part of the settlement Bank of America and other major banks reached with state and federal regulators earlier this year, and it's one of the biggest principal forgiveness opportunities so far.

Read more
Business
2:21 am
Tue May 8, 2012

The Last Word In Business

Originally published on Tue May 8, 2012 4:41 am

Beatles tunes are very hard to license — the surviving band members and heirs have been choosy about who can play their songs. AMC's Mad Men made the cut. For a reported $250,000, the show was allowed to pay "Tomorrow Never Knows."

Europe
12:33 am
Tue May 8, 2012

Bond Market Shrugs Off France's Presidential Vote

A supporter of French President-elect Francois Hollande wears a mask of outgoing President Nicolas Sarkozy.
Thomas Coex AFP/Getty Images

Originally published on Tue May 8, 2012 4:41 am

The arguments for growth policies as opposed to austerity are taking center stage in Europe after the French and Greek elections.

His rhetoric aside, France's President-elect Francois Hollande is not rejecting austerity. In fact, he pledged to balance France's budget by the end of his five-year term, just one year later than his opponent, outgoing President Nicolas Sarkozy.

Read more

Pages