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Around the Nation
6:38 am
Fri May 11, 2012

Chefs Fight California's Foie Gras Ban

Originally published on Fri May 11, 2012 11:12 am

Transcript

STEVE INSKEEP, HOST:

If you enjoy foie gras, you may want to hold on making dinner reservations in California, because it's about to become the first state to ban the luxury liver dish made from ducks or geese. The nation's first statewide foie gras ban kicks in on July 1. Almost eight years have passed since a bill enacting that ban was signed. You'd think that by now both sides of the debate would've digested the inevitable, but no. Rachel Myrow reports from KQED in San Francisco.

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Business
5:29 am
Fri May 11, 2012

JPMorgan Chase Loses $2 Billion In Risky Trades

Originally published on Fri May 11, 2012 7:10 am

Transcript

STEVE INSKEEP, HOST:

It's MORNING EDITION, from NPR News. I'm Steve Inskeep.

DAVID GREENE, HOST:

And I'm David Greene. Good morning.

JPMorgan Chase has acknowledged losing at least $2 billion over the last six weeks in an investment strategy that went awry. The losses are a big embarrassment to a bank that's usually seen as one of the best-managed on Wall Street. And the incident is already prompting new calls for tighter restrictions on bank trading.

NPR's Jim Zarroli reports.

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Around the Nation
5:27 am
Fri May 11, 2012

Arizona Sheriff Arpaio Plans To Fight DOJ Lawsuit

Originally published on Fri May 11, 2012 7:10 am

The Department of Justice has announced it is suing Maricopa County Sheriff Joe Arpaio because of civil rights violations. He became a controversial figure for his tough stance on immigrants. Arpaio says he will not surrender his office and will fight the suit.

Business
5:14 am
Fri May 11, 2012

Postal Service Still Searching For Ways To Stem Losses

Originally published on Fri May 11, 2012 7:10 am

The Postal Service announced Thursday that it lost more than $3 billion during the first three months of the year. Post office officials are pushing Congress to give it more authority to cut some of its burgeoning costs.

Politics
5:14 am
Fri May 11, 2012

Candidates Forced To Juggle Inconsistent Economic Data

Originally published on Fri May 11, 2012 7:10 am

Transcript

STEVE INSKEEP, HOST:

Now, the presidential election is expected to turn on the economy, which means that every bit of economic news takes on political significance. Trouble is, we don't always know what to make of it when we hear that unemployment claims fell again. Sounds good. Or that the trade deficit jumped. Not so good. NPR's Tamara Keith and Scott Horsley will now help us sort that out.

TAMARA KEITH, BYLINE: Whatever story you want to tell about the U.S. economy, you can find some data points to make your case.

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Business
5:14 am
Fri May 11, 2012

Happy Renters Don't Budge From Homeownership Sidelines

Originally published on Fri May 11, 2012 7:10 am

U.S. homeownership rates have fallen to their lowest point since 1997, despite the homebuyer tax credit and enduring rock-bottom interest rates. Two years ago on Morning Edition, we profiled two couples who were renting with no regrets. Have they changed their tune?

Business
5:14 am
Fri May 11, 2012

The Last Word In Business

Originally published on Fri May 11, 2012 7:40 am

According to a survey by the National Retail Federation, mothers will be treated to a little more this holiday. All told, American consumers are expected to spend about $18.6 billion on the moms, stepmoms or grandmas in their lives.

Business
5:14 am
Fri May 11, 2012

Business News

Originally published on Fri May 11, 2012 7:17 am

Transcript

STEVE INSKEEP, HOST:

NPR's business news starts with Sony hitting a three-decade low.

(SOUNDBITE OF MUSIC)

INSKEEP: Sony shares fell to their lowest level since 1980 on Japan's Nikkei stock exchange today. That drop follows yesterday's report that the company suffered a net loss of $5.7 billion for the last fiscal year. The once dominant tech company has fallen behind other industry giants like Samsung and Apple, and has seen especially heavy losses in its TV division. Transcript provided by NPR, Copyright NPR.

Election 2012
5:14 am
Fri May 11, 2012

Romney Apologizes For High School Bullying Incident

Originally published on Fri May 11, 2012 7:10 am

Mitt Romney's presidential campaign is in damage control mode after an article in The Washington Post accused the candidate of bullying in high school. Romney says he does not remember the incidents. Several of his classmates independently recall him going after students who seemed different, vulnerable or effeminate.

Afghanistan
5:14 am
Fri May 11, 2012

Afghan Peace Council Charged With Bringing Taliban Into The Fold

Originally published on Fri May 11, 2012 7:33 am

Reporting from Afghanistan, Morning Edition's Renee Montagne talks to Salahuddin Rabbani. President Hamid Karzai recently appointed him chairman of the High Peace Council, which is tasked with negotiating with the Taliban. Rabbani replaced his father who was assassinated last year by a suspected Taliban member.

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