Morning Edition on Four Corners

Weekdays 6:00-9:00 AM
Steve Inskeep & Renee Montagne

Two hour in-depth news program from National Public Radio.

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Business
3:52 am
Tue May 21, 2013

Tumblr Users Urge New Owner Yahoo To Keep The Site Weird

Originally published on Tue May 21, 2013 9:13 am

Transcript

DAVID GREENE, HOST:

Yahoo's purchase of the blogging site Tumblr sent shockwaves through the Tumblrverse. Is that actually a word now?

WNYC's Ilya Marritz reports that the site's users want to keep Tumblr out of the mainstream.

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Europe
3:52 am
Tue May 21, 2013

Young People Cast Out Of Italy's Welfare System

Originally published on Tue May 21, 2013 9:13 am

Transcript

STEVE INSKEEP, HOST:

We are also following a subtler story of economic devastation, even with all the news about unemployment in Europe, this next number is hard to absorb. In Italy, among younger people, the jobless rate us close to 40 percent. The government is focused on the middle-aged and the elderly leaving little room it seems for their kids

Here's NPR's Sylvia Poggioli.

(SOUNDBITE OF SCREAMING AND SHOOTING)

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Business
2:24 am
Tue May 21, 2013

CEO Cook To Defend Apple Before Senate Committee Hearing

Apple CEO Tim Cook speaks during an introduction of the iPhone 5 in San Francisco on Sept. 12. The Senate Permanent Subcommittee on Investigations says Apple is paying billions of dollars less than it should in taxes each year, taking advantage of technicalities in U.S. and Irish tax laws.
Eric Risberg AP

Originally published on Tue May 21, 2013 9:13 am

Giant technology firm Apple is paying billions of dollars less than it should in U.S. taxes each year, according to a report by the Senate Permanent Subcommittee on Investigations. In a hearing Tuesday in Washington, D.C., Apple CEO Tim Cook will defend the company.

The subcommittee's report says Apple avoids the tax payments mainly by shifting profits to three subsidiary companies in Ireland. The investigation found Apple is taking advantage of technicalities in U.S. and Irish tax laws to avoid paying any tax on a huge portion of its profits.

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Business
2:14 am
Tue May 21, 2013

JPMorgan Shareholders Consider Splitting CEO, Chairman Jobs

Originally published on Tue May 21, 2013 9:13 am

Transcript

STEVE INSKEEP, HOST:

JPMorgan Chase holds its annual shareholder meeting today in Tampa, Florida, and the shareholders will vote on a key measure: a proposal to strip the CEO, Jamie Dimon, of his other title, chairman of the board. A growing number of companies have split the CEO and chairman roles.

Shareholder activists and corporate governance experts say having a balance of power at the top helps to reduce risk. The bank and its supporters disagree. NPR's Yuki Noguchi reports.

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The Record
1:15 am
Tue May 21, 2013

The Doors' Keyboard Counterpoint Goes Silent: Remembering Ray Manzarek

Ray Manzarek (far right) stands with fellow members of The Doors Jim Morrison (from right), Robby Krieger and John Densmore in 1968. Manzarek died Monday in Germany. He was 74.
Express Getty Images

Originally published on Tue May 21, 2013 11:43 am

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Author Interviews
1:09 am
Tue May 21, 2013

After Crashing In Canadian 'Abyss,' Four Men Fight To Survive

Originally published on Tue May 21, 2013 9:13 am

On the night of Oct. 19, 1984, Erik Vogel was uneasy about flying. It was snowing; his plane's de-icer and autopilot weren't working; and his co-pilot had been bumped to fit one more passenger on his 10-seater. But the young pilot was behind schedule and he felt like his job was on the line, so he took off, as he did most days, shuttling between the remote communities that dot the Canadian wilderness.

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Author Interviews
1:08 am
Tue May 21, 2013

Courtside Chemistry: How NBA's Phil Jackson Won 'Eleven Rings'

Originally published on Tue May 21, 2013 9:13 am

Phil Jackson is famous not only for coaching stars — Michael Jordan and Scottie Pippen with the Chicago Bulls, Kobe Bryant and Shaquille O'Neal with the L.A. Lakers — but also for his distinctive "zen" approach to basketball. He introduced his teams to yoga and meditation, and regularly assigned his players books to read.

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Europe
5:00 am
Mon May 20, 2013

Germany May Have Paid A Price For Its Financial Power

Transcript

STEVE INSKEEP, HOST:

Good morning. I'm Steve Inskeep. Germany paid a price for asserting its financial power. Germans, more than others, had to finance bailouts for countries like Greece, and imposed austerity measures in return. Those who disapprove may have struck back. People across the continent and beyond watched the Eurovision song contest.

Around the Nation
4:55 am
Mon May 20, 2013

Right Lottery Numbers, Wrong Date

A California woman turned on the TV last week and saw she had the winning numbers in Wednesday's drawing. She thought she had won $360 million. It turns out she bought her ticket an hour after Wednesday's drawing.

Business
2:56 am
Mon May 20, 2013

Yahoo To Buy Tumblr In An Attempt To Revitalize Itself

Originally published on Mon May 20, 2013 3:06 am

Transcript

(SOUNDBITE OF MUSIC)

DAVID GREENE, HOST:

NPR's business news starts with a big blogging buyout.

Today, Yahoo announced its purchase of the blogging site Tumblr. The $1.1 billion deal was unanimously approved by Yahoo's board. Analysts say the acquisition is Yahoo's attempt to revitalize itself.

NPR's Kirk Siegler has more.

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