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Business
5:51 am
Fri July 13, 2012

Geithner Pointed Out LIBOR Concerns In 2008

Originally published on Fri July 13, 2012 10:04 am

Transcript

(SOUNDBITE OF MUSIC)

STEVE INSKEEP, HOST:

NPR's business news starts with a warning about LIBOR.

It came years ago. We now know that Treasury Secretary Tim Geithner pointed out problems with the way that London's key interest rates were set. He did this in 2008, in the midst of the financial crisis at the time he was head of the New York Federal Reserve.

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Africa
5:37 am
Fri July 13, 2012

Al-Qaida-Linked Group Infiltrates Timbuktu

Originally published on Fri July 13, 2012 10:04 am

The ancient desert town of Timbuktu is under assault in the west African nation of Mali. Islamist forces have taken over much of northern Mali where Timbuktu is located. One group, allied with al-Qaida, has begun systematically destroying Shrines that celebrate ancient Muslim saints. Human Rights Watch Senior Researcher Corinne Dufka talks to Renee Montagne about the destruction.

Asia
5:00 am
Fri July 13, 2012

China's Economy Slows To 3-Year Low

Originally published on Fri July 13, 2012 10:04 am

Transcript

RENEE MONTAGNE, HOST:

This is MORNING EDITION from NPR News. I'm Renée Montagne.

STEVE INSKEEP, HOST:

And I'm Steve Inskeep. Good morning. China's economic growth has slowed down to a three-year low. That's according to new figures released today. The numbers matter to us because of the way the world economy is so interconnected. Americans import a lot from China, sure, but have also been working to boost exports to other nations, including China.

NPR's Louisa Lim joins us from Beijing to make sense of the latest news. Hi, Louisa.

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Business
4:09 am
Fri July 13, 2012

JPMorgan To Reveal Earnings, Trading Losses

Originally published on Thu August 30, 2012 1:26 pm

Transcript

RENEE MONTAGNE, HOST:

And the biggest bank in the U.S., JPMorgan Chase, says it has lost $4.4 billion from its failed hedging strategy involving a secretive trader. That's more than twice the bank's earlier estimate. The company released its second-quarter earnings report this morning, and NPR's Jim Zarroli is with us now to talk about them. Jim, what is the company telling investors this morning about that money?

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Business
4:09 am
Fri July 13, 2012

Team USA Predicted To Take The Most Medals

Originally published on Fri July 13, 2012 10:04 am

Transcript

STEVE INSKEEP, HOST:

Some future news now. The Olympics begin two weeks from today in London, and we can already tell you the likely big winners. China will take the most gold medals, followed by the U.S. and host country, Great Britain. Team USA will win the most overall medals, followed by China and Russia.

RENEE MONTAGNE, HOST:

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Business
4:09 am
Fri July 13, 2012

Uzbekistan Sets Up Rival To Facebook

Originally published on Fri July 13, 2012 10:04 am

Transcript

STEVE INSKEEP, HOST:

And today's last word in business comes from the Central Asian country of Uzbekistan, which by the way, won six medals in the last Olympics. But today's last word is about another kind of competition, this one between social networking sites. And the word is: YouFace. That's the name of a new social networking site that aims to lure local Internet users away from Facebook, and, quote, "boost patriotism among young people in Uzbekistan."

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StoryCorps
2:22 am
Fri July 13, 2012

A Small Town's Post Office, And Its 'Squire'

Freddie Wood stands at the counter of the Wood & Swink general store in Evinston, Fla.
StoryCorps

Originally published on Tue July 17, 2012 9:17 am

This month, the U.S. Postal Service begins cutting back hours and services at rural post offices across the country. One store facing changes sits inside the Wood & Swink general store in the northern Florida town of Evinston. The store has been in Freddie Wood's family for more than 100 years. In that time, it's gone through only small changes.

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Humans
2:20 am
Fri July 13, 2012

In Ancient Ore. Dump, Clues To The First Americans?

Displayed in the hand of University of Oregon archaeologist Dennis Jenkins are three bases for western stemmed projectiles from the Paisley Caves in Oregon. The bases date to some 13,000 years ago.
Jim Barlow Science/AAAS

Originally published on Tue July 17, 2012 9:16 am

Some of the most interesting discoveries in archaeology come from sifting through ancient garbage dumps. Scientists working in Oregon have found one that has yielded what they say are the oldest human remains in the Americas and a puzzle about the earliest American tools.

Early Americans used Oregon's Paisley Caves for, among other things, a toilet. Little did they know that scientists would be picking through what they left behind.

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Crisis In The Housing Market
2:20 am
Fri July 13, 2012

County Considers Eminent Domain As Foreclosure Fix

Half of San Bernardino County's 300,000 mortgages are underwater. In an attempt to ease the mortgage crisis, the Southern California county is considering taking control of some of those properties by eminent domain.
Robyn Beck AFP/Getty Images

Originally published on Fri July 13, 2012 10:04 am

County and city officials in San Bernardino, Calif., are considering a controversial plan: using the power of eminent domain to take over "underwater" mortgages, where the value of the home is worth less than the original loan. Taking on those properties, officials say, would allow the homeowners to refinance those troubled loans.

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Planet Money
2:19 am
Fri July 13, 2012

The European Central Bank's Guide to Influence

European Central Bank president Mario Draghi, left, speaks with Spanish Finance Minister Luis De Guindos on Monday. The ECB has increased its influence over European countries struggling with debt.
Georges Gobet AFP/Getty Images

Originally published on Fri July 13, 2012 5:08 pm

Europe is struggling, thanks to a relentless debt crisis. Compounding its problems: It is not one country, but 17.

Many observers agree that to solve their problems, those countries have to start looking a lot more like one country. And there is a force in Europe trying to make that happen: the European Central Bank. The weapon it has that everyone else lacks? Money.

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