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Business
4:10 am
Fri July 6, 2012

Why The Barclays Scandal Affects More Than Britain

Originally published on Fri July 6, 2012 7:35 am

The Planet Money team digs into the rate-setting scandal engulfing the British bank Barclays. Emails reveal bank employees were shockingly casual and explicit in their communications about manipulating one of the key financial benchmarks in the global economy.

Technology
4:10 am
Fri July 6, 2012

U.N. Human Rights Council Back Internet Freedom

Originally published on Mon July 30, 2012 7:20 pm

Transcript

LINDA WERTHEIMER, HOST:

The United Nations Human Rights Council has declared people have a right to freedom of expression on the Internet. This is the first time that the council has extended the definition of human rights into the virtual world. And as NPR's Laura Sydell reports, the resolution had nearly universal support, even from countries which censor the Internet.

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Economy
4:10 am
Fri July 6, 2012

Washington, Wall Street Wait For Jobless Report

Originally published on Fri July 6, 2012 2:07 pm

Transcript

LINDA WERTHEIMER, HOST:

This is MORNING EDITION from NPR News. I'm Linda Wertheimer with Steve Inskeep. The U.S. economy gained 80,000 jobs in June, that's the latest word from the Labor Department and it is another disappointing month of job growth. The number was slightly below expectations. The employment report is closely followed by economists. Job growth, of course, is front and center in the presidential election.

Joining us are NPR's political reporter Tamara Keith and economics correspondent, Chris Arnold.

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Business
4:10 am
Fri July 6, 2012

The Last Word In Business

Originally published on Fri July 6, 2012 10:10 am

Transcript

STEVE INSKEEP, HOST:

And today's last word in business takes us to London, where Europe's new tallest building has been inaugurated. It's called the Shard. Maybe that's because it sort of looks like a giant shard of glass, 1,016 feet tall. It stands out in a city with a relatively low skyline. It towers over the Tower of London, and the Shard brings many metaphors to mind.

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News
2:39 am
Fri July 6, 2012

Fake Bylines Reveal True Costs Of Local News

Originally published on Fri July 6, 2012 10:10 am

Major newspapers in Chicago, Houston and San Francisco are among those this week that have acknowledged they published dozens of items in print or online that appeared under fake bylines.

As was first disclosed by the public radio program This American Life, the items in question were not written by reporters on the staffs of the papers at all but by employees of what is effectively a news outsourcing firm called Journatic.

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Around the Nation
1:19 am
Fri July 6, 2012

Despite Delays, Chair Lifts Coming To Public Pools

Credit Russ Bynum / AP
New government regulations require public pools to have chair lifts, like this one in Savannah, Ga., for people with disabilities. The compliance deadline has been extended for a second time.

Originally published on Fri July 6, 2012 10:10 am

Pools open to the public were supposed to have chair lifts installed for people with disabilities in time for this summer, but after a wave of protests, the federal order was delayed until January.

Still, some of the country's 300,000 or so pools at hotels, parks and gyms continue to fight the requirement.

Vestavia Hills pool near Birmingham, Ala., is one of thousands of pools that scrambled to get a chair lift installed by May.

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Business
1:02 am
Fri July 6, 2012

For Some Businesses, Daily Deals Have A Dark Side

Credit Ebony Bailey / NPR
Creative Hands is a therapy center in Washington, D.C., that used daily deals when it opened last year. Instead of bolstering revenue, the deals left Creative Hands' owner in the red.

Originally published on Fri July 6, 2012 11:53 am

Groupon and Living Social have sold tens of millions of daily deals and are now a major force in retail. But they rely heavily on getting businesses to offer their goods and services at deep discounts. In exchange, businesses hope for payoff in the form of return customers.

Sometimes, though, the flood of extra business causes more problems than it solves.

Deal-Hungry Crowd

Ailie Ham had just opened Creative Hands Massage in Washington, D.C., when she decided to offer deals through Living Social and Groupon last year.

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NPR Cities: Urban Life In The 21st Century
3:06 pm
Thu July 5, 2012

A Company Town Reinvents Itself In South Bend, Ind.

Originally published on Fri July 6, 2012 11:55 am

There are two truths about South Bend, Ind. No. 1: You can't escape the influence of the University of Notre Dame. No. 2: You can't escape the ghost of Studebaker.

South Bend may be best known as the home of the Fighting Irish, but it was once the home of Studebaker automobiles. When Studebaker closed in 1963, it left a gaping hole in the town, where unemployment is at 10.4 percent, according to the latest data from the Bureau of Labor Statistics. Now, the city is working hard to create a second act for the commercial life of South Bend.

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The Two-Way
7:00 am
Thu July 5, 2012

Countrywide Gave Lawmakers, Officials Hundreds Of Discount Loans

Originally published on Thu July 5, 2012 8:40 am

Countrywide Financial Corp., the one-time mortgage giant, may have "skirted the federal bribery statute," but nonetheless used a VIP discount program to gain influence in Washington, a report from the Republican-led House Oversight and Government Reform Committee concludes.

We first posted on this news, broken earlier by The Associated Press and The Wall Street Journal, at 9 a.m. ET. Since then, the committee's report has been released. Read through to see our original post and the update with links and excerpts from the committee's work:

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The Two-Way
6:40 am
Thu July 5, 2012

Employers Added 176,000 Jobs In June, Survey Says

There were 176,000 jobs added to private employers' payrolls in June, according to the latest ADP National Employment Report. The gain was larger than May's 136,000, ADP says.

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Around the Nation
4:42 am
Thu July 5, 2012

VA Hospital Recuits Mental Health Providers

Originally published on Thu July 5, 2012 8:25 pm

Transcript

LINDA WERTHEIMER, HOST:

The Department of Veterans Affairs is adding staff to its hospitals to meet the mental health needs of vets of the Iraq and Afghanistan wars. As Erin Toner of WUWM in Milwaukee reports, some clinicians say the help cannot come soon enough.

ERIN TONER, BYLINE: The VA hospital in Milwaukee is a hectic place. On most mornings you have to circle the parking lots over and over to find a spot. Luckily there's valet service if patients would rather leave the parking to someone else.

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Business
2:46 am
Thu July 5, 2012

EX-Barclays CEO Apologizes To British Panel

Originally published on Thu July 5, 2012 8:25 pm

Transcript

LINDA WERTHEIMER, HOST:

In Britain today, parliament continues its hearing on the interest rate scandal at Barclays Bank. This week, several of the bank's top executives resigned, including the chief executive, Bob Diamond. Yesterday, parliamentarians quizzed Diamond for three hours.

NPR's Philip Reeves is in London, where he says outrage is growing.

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NPR Story
2:46 am
Thu July 5, 2012

Business News

Originally published on Thu July 5, 2012 8:25 pm

Transcript

LINDA WERTHEIMER, HOST:

NPR's business news starts with the back story on VIP loans.

(SOUNDBITE OF MUSIC)

WERTHEIMER: A former mortgage company, Countrywide, used a VIP loan program to buy influence with members of Congress, staffers and other officials, including a number at Fannie Mae, the government backed mortgage giant central to Countrywide's business. That the bottom line of a new report out today from the House Oversight and Government Reform Committee.

STEVE INSKEEP, HOST:

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Business
2:44 am
Thu July 5, 2012

Limited Supply Of Hotel Rooms Forces Prices Higher

Originally published on Thu July 5, 2012 8:25 pm

Transcript

LINDA WERTHEIMER, HOST:

The hotel industry is making a comeback after being badly hit by the economic downturn. Turn find out what to expect the next time we check in, we called Barbara DeLollis, she reports on the hotels for USA Today. She told us that hotel construction deals canceled or postponed because of the credit crisis has now created a room crunch.

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Planet Money
1:06 am
Thu July 5, 2012

The Farmer And The Commerce Clause

Credit Chip Somodevilla / Getty Images
The U.S. Supreme Court, 70 years after rejecting Roscoe Filburn's bid to limit the federal government's power to regulate commerce.

Originally published on Thu July 5, 2012 8:25 pm

Last week's Supreme Court ruling on the health care law might have made Roscoe Filburn a little happier.

Filburn was an Ohio dairy farmer who had a beef with the federal government, one he took to the U.S. Supreme Court in 1942. He lost.

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