Business
3:24 am
Fri June 1, 2012

Chesapeake Energy Drives Oklahoma City's Economy

Originally published on Fri June 1, 2012 7:04 am

Transcript

DAVID GREENE, HOST:

And now let's look at how plunging natural gas prices might affect another energy company and the city calls home. Oklahoma City has been on a roll lately. Its unemployment rate is one of the lowest in the country. Its pro basketball team, the Thunder, has gone deep into the NBA playoffs. And the city has a world-class Olympic rowing venue.

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Economy
3:24 am
Fri June 1, 2012

Political Teams Pay Attention To Monthly Jobs Report

Originally published on Fri June 1, 2012 7:04 am

The Labor Department said the U.S. economy added 69,000 jobs last month — far fewer than analysts expected. The unemployment rate also rose to 8.2 percent, up from 8.1 percent in April. The monthly jobs report is an important weather vane for anyone trying to get a bead on which way the economic winds are blowing.

Economy
3:24 am
Fri June 1, 2012

Is Michigan Rebounding? Depends Who You Ask

Originally published on Fri June 1, 2012 7:04 am

Transcript

DAVID GREENE, HOST:

This election year we've seen a lot of cases where different people look at the same economic situation and come to different conclusions. And that seems to be happening in Michigan. It's America's comeback state - that according to its governor, Rick Snyder. Unemployment there is dropping, as the U.S. auto industry rebounds. And the state has a budget surplus for the first time in years.

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Law
3:24 am
Fri June 1, 2012

'Call Of Duty' Creators Settle Lawsuit Against Activision

Originally published on Fri June 1, 2012 7:04 am

Transcript

DAVID GREENE, HOST:

And now to an even bigger battle that's been playing in the world of video games.

(SOUNDBITE OF VIDEO GAME)

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Business
3:24 am
Fri June 1, 2012

Shilling Blames Rhode Island For Company's Downward Spiral

Originally published on Fri June 1, 2012 10:01 am

Transcript

DAVID GREENE, HOST:

Let's spend some time talking about the big money world of video games. In a moment, what may have been the biggest legal battle ever in the game industry. But first to former Boston Red Sox pitcher Curt Shilling. He is blaming the governor of Rhode Island for the meltdown of his video game company, 38 Studios. The company's failures have seen almost 400 workers lose their jobs and has Rhode Island taxpayers on the hook for close to $100 million. Ian Donnis of Rhode Island Public Radio has the story.

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Business
3:24 am
Fri June 1, 2012

The Last Word In Business

Originally published on Thu June 7, 2012 11:24 am

Transcript

DAVID GREENE, HOST:

OK, let's turn now to personal wealth. Today's last word in business is disappearing millions.

The number of millionaire households in this country declined in 2011. That's according to this year's Global Wealth Study from the Boston Consulting Group. It found the number of American households with a million dollars of investable assets shrunk by 2.5 percent.

The U.S. still leads the world in millionaires, but developing countries are gaining ground. Other countries added nearly 200,000 millionaire households in 2011.

Business
3:24 am
Fri June 1, 2012

Exxon Mobil Plans Huge Chemical Facility In Texas

Originally published on Fri June 1, 2012 7:04 am

Transcript

DAVID GREENE, HOST:

NPR's business news starts with a new, multibillion-dollar chemical plant.

(SOUNDBITE OF MUSIC)

GREENE: Exxon Mobil plans to build a huge chemical facility in Baytown, Texas. It reverses a company statement last year that said it has no plans for new chemical factories in the United States. According to Reuters, decades-low natural gas prices made the move too enticing to pass over. Natural gas is a key fuel in chemical production. By using its own natural gas, Exxon Mobil can run a chemical plant relatively cheaply.

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Iraq
1:00 am
Fri June 1, 2012

Ignoring Critics, Iraq's Leader Consolidates Power

Iraqi Prime Minister Nouri al-Maliki (center) arrives on May 8 at Kirkuk airport in northern Iraq, on his first visit to the multi-ethnic city since taking office.
Marwan Ibrahim AFP/Getty Images

Originally published on Fri June 1, 2012 8:30 pm

Iraqi Prime Minister Nouri al-Maliki recently held one of his traveling Cabinet meetings in the disputed city of Kirkuk in an effort to show Iraqi Arabs on the edge of the Kurdish-controlled north that he's working on their behalf, too.

But the fact that he felt obliged to bring in large numbers of heavily armed troops for the event illustrated the tension plaguing Iraqi politics.

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Planet Money
12:59 am
Fri June 1, 2012

A Front-Row Seat At A Bank Run

Petros Giannakouris ASSOCIATED PRESS

Originally published on Fri June 1, 2012 7:04 am

A decade ago, investors thought Greece would flourish on the euro. Money poured in, and banks started lending it out. Thefilos Papacostakis, a bank teller at Alpha Bank in Thessaloniki, got to hand out a lot of that money.

Last month, Thefilos says, his bosses called him in for a meeting. They told him things were about to get worse. When countries are in this kind of trouble, the bosses said, people panic and pull their money out of banks.

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StoryCorps
12:57 am
Fri June 1, 2012

When Mom Is Right, And Tells Police They're Wrong

Robert Holmes, 67, is a professor at Rutgers University.
StoryCorps

Originally published on Fri June 1, 2012 11:28 am

When Robert Holmes' parents moved to Edison, N.J., in 1956, they were one of the first African-American families to integrate the neighborhood.

"After we'd moved to Edison, there was a resentment that we had broken into the community," Holmes says.

Even at the age of 13, Holmes felt the animosity. The neighborhood had a private swim club that opened up to anyone who participated in the Memorial Day parade. Holmes was in the band.

"I arrived at the pool on Memorial Day having marched in the parade with my uniform still on, and they called the police," he says.

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