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
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.
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.
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.
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.
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.
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.