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Economy
4:21 am
Tue May 8, 2012

Germany Stays The Course On Austerity Measures

Originally published on Tue May 8, 2012 6:41 am

The elections in France and Greece signaled a resounding popular rejection of the tough austerity measures being pushed by Germany, Europe's largest economy. But Berlin doesn't appear to be changing course.

Asia
4:21 am
Tue May 8, 2012

Pakistan's Prime Minister Refuses To Step Down

Originally published on Tue May 8, 2012 6:41 am

Transcript

STEVE INSKEEP, HOST:

Pakistan's Supreme Court has issued a judgment against the country's prime minister - again. The court had already ruled against Prime Minister Yusuf Reza Gilani for blocking a corruption investigation. Now, the judges have released details of their ruling, giving 77 pages worth of reasons why they found the prime minister in contempt of court. Let's remember this conflict is taking place in a vital, if troubled, U.S. ally.

NPR's Julie McCarthy joins us on the line from Islamabad, as she has so many times over the years. Hi, Julie.

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Business
4:21 am
Tue May 8, 2012

Business News

Originally published on Tue May 8, 2012 6:41 am

Transcript

DAVID GREENE, HOST:

NPR's business news starts with a shareholder revolt.

(SOUNDBITE OF MUSIC)

Business
4:21 am
Tue May 8, 2012

Mortgage Update

Bank of America is offering to reduce an average $150,000 in principal for borrowers who qualify, a bank official says.
Chuck Burton AP

Originally published on Tue May 8, 2012 9:03 am

Bank of America is offering about 200,000 homeowners a chance to wipe out a big chunk of their mortgage debt. The offers are part of the settlement Bank of America and other major banks reached with state and federal regulators earlier this year, and it's one of the biggest principal forgiveness opportunities so far.

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Business
4:21 am
Tue May 8, 2012

The Last Word In Business

Originally published on Tue May 8, 2012 6:41 am

Beatles tunes are very hard to license — the surviving band members and heirs have been choosy about who can play their songs. AMC's Mad Men made the cut. For a reported $250,000, the show was allowed to pay "Tomorrow Never Knows."

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