It's MORNING EDITION from NPR News. Good morning, I'm Steve Inskeep.
Here's a sign of just how huge the housing and foreclosure crisis has been. Five big banks agreed to pay about $25 billion to people who've been harmed bank's abuses, plus an extra billion to settle a claim involving a mortgage company. And one of the first reactions is that all that money could not possibly be enough.
President Obama says the banks will spread the money around.
Overall economic numbers for this year have been looking better, but almost every forecast for 2012 has included at least a mention that catastrophe could still come from Europe. The crisis over Greece's debt is not over, even after yesterday when lawmakers approved more budget cuts and economic reforms. Now Greek unions are protesting again.
Resolving this crisis has taken years, and there's a reason: a debt crisis has never really been solved this way before. Here's Zoe Chace of NPR's Planet Money team.
To people who visit the idyllic tourist destination of the Maldives, politics can seem far away. But this week, the country's President Mohamed Nasheed stepped down after weeks of demonstrations. He was forced to resign by elements within the police and army. Here's how he described the situation to Al Jazeera.
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PRESIDENT MOHAMED NASHEED: This is a coup. It definitely is, if you find any definition of a coup anywhere. I did not want to defend. That is why there was no blood.
NPR's business news starts with social networking profits.
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INSKEEP: You can get attention on the Internet. You can even draw a massive crowd in seconds. The question always is how to make money. Investors have been scrutinizing Facebook's plans to go public and trying to figure out the company's prospects.
The company will instead focus on home photo printers, high-speed commercial ink jet presses and software. Other companies may license the Kodak brand for cameras, and some disposables will still be out there.
It's MORNING EDITION, from NPR News. Good morning. I'm Steve Inskeep.
Activists and human rights groups in Syria contend the government has now killed hundreds of civilians this week alone. It's hard to verify that number, but it is clear that mortars, rockets and tanks continue firing into the city of Homs. That gunfire has served as a week-long punctuation mark on the United Nation's failure to approve a resolution against Syria. NPR's Kelly McEvers is following the situation from Beirut. She joins us once again.
If George Lucas had never created that annoying, slapstick-prone CGI character in The Phantom Menace, history would be different. No amount of "meesa so sorry" can make up for this abomination. And to add insult to injury, Lucas is sending a 3D Jar Jar Binks into theaters on February 10th.
At the JS West egg farm, south of Modesto, Calif., one chicken house has the new, spacious cages that egg producers and animal welfare advocates say keep chickens happier.
Credit Big Dutchman
Gene Gregory (left), head of the United Egg Producers lobby, and Wayne Pacelle, president of the Humane Society, visit Washington to lobby Congress for a law requiring larger cages for egg-laying chickens.
Credit John Rose / NPR
Pacelle and Gregory have different backgrounds and dietary preferences, but there seems to be genuine respect between them.