The Last Word In Business

Jun 19, 2012



And today's last word business is about a bank takeover that was more of a fake over. Businessman Li Chunping made headlines in China earlier this year. He spoke in the Chinese media of how he took over an American bank - the Atlantic Bank of Delaware, which he said went bankrupt in 2008.


The story got him plenty of public praise. The communist party touted him as a model citizen, rising from poverty to be a successful businessman in the rice trade. He even got a position as a government adviser.

Business News

Jun 19, 2012

The Federal Reserve starts its latest two-day meeting Tuesday, and analysts around the globe are wondering whether the central bank will end ease monetary policy. The meeting follows some tough U.S. labor data and the recent Greek elections.



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


And I'm Linda Wertheimer.

A federal jury has acquitted baseball pitching ace Roger Clemens on all charges. The jury found Clemens not guilty of lying to Congress and of obstructing a congressional investigation into performance-enhancing drugs in baseball. NPR legal affairs correspondent Nina Totenberg was in the courtroom. She has this report.

Atlanta rapper Michael Santiago Render, known professionally as Killer Mike, released his sixth album this month. It's called R.A.P. Music. The album's title isn't about hip-hop, per se, but refers to an acronym tweeted by another Georgian, a critic named Maurice Garland, two years ago. "He just put it up randomly: 'Rap music is supposed to be Rebellious African People,' " Killer Mike told Morning Edition. "I said, 'Yo, i'm naming my next album that.' "

You can hear a portion of the show's interview with Killer Mike at the audio link, but keep reading for more.

Diplomats and activists from around the world are meeting in Rio de Janeiro this week to talk about how the planet's growing population can live better lives without damaging the environment. The Rio+20 meeting marks the 20th anniversary of the United Nations Earth Summit in Rio, a watershed meeting to address topics as diverse as climate change and biodiversity.

At this follow-up meeting, delegates hope to highlight an issue that was almost absent from the Earth Summit: making energy available to everyone in the world.

NPR Morning Edition host Steve Inskeep is nearing the end of his Revolutionary Road Trip, a journey across North Africa to see how the countries that staged revolutions last year are remaking themselves. Steve and his team began in Tunisia's ancient city of Carthage, drove across the deserts of Libya, and filed this report from the third and final country, Egypt.

Thailand supplies a large portion of America's seafood. But Thailand's giant fishing fleet is chronically short of up to 60,000 fishermen per year, leaving captains scrambling to find crew. Human traffickers have stepped in, selling captives from Cambodia and Myanmar to the captains for a few hundred dollars each. Once at sea, the men often go months, or even years, without setting foot on land.

First of two parts

In 1940, a week after the Germans occupied France, a popular painter died of a heart attack outside Paris in the embrace of his powerful patrons. An exhibition at the Jewish Museum in New York explores the life of Edouard Vuillard, a non-Jewish artist, and the circle of Jewish tastemakers who supported him.

The U.S. Supreme Court, headed into the homestretch of its term, once again weighed into the question of whether lab technicians must testify in criminal cases about test results. But in four separate opinions that spanned 92 pages, the justices were anything but clear.

Jim Flechtner's satirical letter to The Courier (Findlay, Ohio), pointed out irreconcilable differences between the Holy Bible and the "bisexual" Buckeye and called for grassroots campaign to remove the "shameful" state mascot.

Without reading too much into the author's original intent, the letter does connote a bit of Jonathan Swift's Modest Proposal in 1729 and the rich history of subsequent modest proposals since.