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3:45 am
Tue May 15, 2012

The Last Word In business

Originally published on Tue May 15, 2012 8:51 am

Transcript

DAVID GREENE, HOST:

And our last word in business: the passenger door is now closed. Please make sure all your electronic devices have been switched off.

If you're sick of those rules on planes, well, they may be changing a bit. Virgin Atlantic has announced passengers on their new Airbus will soon be able to chat on their mobile phones.

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Business
3:45 am
Tue May 15, 2012

The Latest On JPMorgan Chase

Originally published on Tue May 15, 2012 8:51 am

Transcript

STEVE INSKEEP, HOST:

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

DAVID GREENE, HOST:

And I'm David Greene.

JP Morgan Chase has long had the reputation of being one of the better managed big banks in the country. So how did it make a $2 billion blunder and what does it tell us about banking today, nearly five years after the onset of the financial crisis? When such questions are looming, we often turn to David Wessel, economics editor of The Wall Street Journal.

And, David, welcome back to the program.

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Election 2012
3:09 am
Tue May 15, 2012

JPMorgan's Loss A Gain For Campaign Positioning

The U.S. and JPMorgan Chase flags wave outside its headquarters in New York on Friday.
Eduardo Munoz Reuters /Landov

Originally published on Tue May 15, 2012 8:51 am

The fallout from banking giant JPMorgan Chase's $2 billion — and counting — loss has made its way into the presidential campaign. The president and presumptive GOP challenger Mitt Romney have very different views about the regulation of Wall Street, in particular the Dodd-Frank financial systems overhaul law.

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Family Matters: The Money Squeeze
2:07 am
Tue May 15, 2012

Paying For College: More Tough Decisions

Kelley Hawkins (center) smiles at her daughter Carley (left) as her other daughter, Chelsea (right), looks on, in their family home in Harrisburg, Pa.
Kainaz Amaria NPR

Originally published on Wed May 23, 2012 9:48 am

Middle age is prime time for saving money. From your late 40s through early 60s, you're supposed to squirrel away cash to cope with health care costs in your old age.

But for millions of Americans, middle age also is the time when children are seeking help with higher-education bills, and elderly parents may be needing assistance with daily care.

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The Salt
2:06 am
Tue May 15, 2012

Jetlagged By Your Social Calendar? Better Check Your Waistline

It doesn't take a transcontinental flight to end up out of sync with your body clock. It might just be that you stay up too late.
iStockphoto.com

Originally published on Tue May 15, 2012 8:51 am

It doesn't take a transcontinental flight to end up out of sync with your body clock. It might just be that you stay up too late.

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Your Money
2:06 am
Tue May 15, 2012

Canada's Housing Market Booms; Experts See Trouble

Canada's real estate market is one of the hottest in the developed world.
Mike Cassese Reuters /Landov

Originally published on Tue May 15, 2012 8:51 am

Housing prices are going through the roof in Canada. The real estate market there is one of the hottest in the developed world. In Toronto, prices increased 10 percent in March alone. The average detached house in the city costs more than $600,000.

That has economists and the government worried that Canada is experiencing a housing bubble that's about to burst.

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Europe
2:04 am
Tue May 15, 2012

From Iowa To Russia, Tractors Build Economic Bridge

Employees fit a tire to a John Deere W540 combine inside the company's Domodedovo manufacturing center near Moscow, Russia. The tractors are built in Waterloo, Iowa, and then taken apart and shipped to the Russian plant for reassembly.
Bloomberg via Getty Images

Originally published on Tue May 15, 2012 8:51 pm

The green is unmistakable at a plant in Russia as workers put together a John Deere tractor. The roughly 90 employees, however, don't actually make the tractors.

The engine, the drive train and the tractor itself are all built in Waterloo, Iowa. The completed tractor is tested, and then it is disassembled and prepared for shipment.

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The Fracking Boom: Missing Answers
2:03 am
Tue May 15, 2012

Sick From Fracking? Doctors, Patients Seek Answers

Michelle Salvini (left) and Terri DiCarlo take a break from work outside the Cornerstone Care clinic in Burgettstown, Pa. Mysterious fumes have repeatedly sickened clinic staffers, forcing them to evacuate the building several times.
Maggie Starbard NPR

Originally published on Wed May 23, 2012 9:48 am

Kay Allen had just started work, and everything seemed quiet at the Cornerstone Care community health clinic in Burgettstown, Pa. But things didn't stay quiet for long.

"All the girls, they were yelling at me in the back, 'You gotta come out here quick. You gotta come out here quick,' " said Allen, 59, a nurse from Weirton, W.Va.

Allen rushed out front and knew right away what all the yelling was about. The whole place reeked — like someone had spilled a giant bottle of nail polish remover.

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Shots - Health Blog
2:02 am
Tue May 15, 2012

Should Parents Be Able To Sue For 'Wrongful Birth'?

Arizona state Sen. Nancy Barto, R-Phoenix, listens during a special budget briefing at the state Capitol in October 2008. Barto sponsored a new law that prohibits wrongful birth lawsuits. She says the bill "sends the message that all life is worth protecting."
Ross D. Franklin AP

Originally published on Tue May 15, 2012 8:51 am

Several states, including Kansas and New Jersey, are debating so-called "wrongful birth" laws that would prevent parents from suing a doctor who fails to warn them about fetal problems.

Abortion rights activists say the laws give doctors the right to withhold information so women don't have abortions.

In Suffern, N.Y., Sharon and Steven Hoffman's son, Jake, was born with Tay-Sachs, a genetic disease that mainly affects Jewish families and is usually fatal by age 4 or 5.

"There's no treatment. There's no cure. There's nothing," Sharon says.

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Family Matters: The Money Squeeze
2:01 am
Tue May 15, 2012

Caring For Grandparent Matures A Young Man

Maryland resident Nicholas McDonald, 24, has briefly abandoned his musical aspirations to enter the workforce and contribute to the family's finances. "I'd like to give my mom $100 every now and then," he says.
Kainaz Amaria NPR

Originally published on Wed May 23, 2012 9:47 am

Nicholas McDonald grew up tempted by drugs and under pressure to hit the streets. Lacking male role models, the Maryland resident says he always saw his mom as "the apple of my eye."

Natasha Shamone-Gilmore tried to protect her son growing up. Now, 24-year-old Nicholas is doing his best to return the favor.

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