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Politics
2:24 am
Fri June 1, 2012

Gubernatorial Recall Election Polarizes Wis. Voters

Originally published on Fri June 1, 2012 6:04 am

Transcript

DAVID GREENE, HOST:

It's been more than a year since Wisconsin Democrats began talking about recalling the state's governor, Scott Walker. Next week they'll get their chance to do it. Last night, Walker and his Democratic challenger, Milwaukee Mayor Tom Barrett, traded barbs in their final debate before Tuesday's vote. Turnout is expected to be very high, as the recall is sharply dividing voters in Wisconsin, so much so, some have just stopped talking to each other. NPR's David Schaper has the latest from Milwaukee.

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Business
2:24 am
Fri June 1, 2012

Exxon Mobil Plans Huge Chemical Facility In Texas

Originally published on Fri June 1, 2012 6:04 am

Transcript

DAVID GREENE, HOST:

NPR's business news starts with a new, multibillion-dollar chemical plant.

(SOUNDBITE OF MUSIC)

GREENE: Exxon Mobil plans to build a huge chemical facility in Baytown, Texas. It reverses a company statement last year that said it has no plans for new chemical factories in the United States. According to Reuters, decades-low natural gas prices made the move too enticing to pass over. Natural gas is a key fuel in chemical production. By using its own natural gas, Exxon Mobil can run a chemical plant relatively cheaply.

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Business
2:24 am
Fri June 1, 2012

The Last Word In Business

Originally published on Thu June 7, 2012 10:24 am

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.

Iraq
12:00 am
Fri June 1, 2012

Ignoring Critics, Iraq's Leader Consolidates Power

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

Originally published on Fri June 1, 2012 7:30 pm

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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Planet Money
11:59 pm
Thu May 31, 2012

A Front-Row Seat At A Bank Run

Petros Giannakouris ASSOCIATED PRESS

Originally published on Fri June 1, 2012 6:04 am

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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