NPR's business news starts with NASDAQ compensating clients.
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MONTAGNE: The NASDAQ stock exchange will pay $40 million in compensation for botched trades that occurred during Facebook's initial public offering. NASDAQ clients lost millions of dollars on Facebook's May IPO because of computer glitches. The opening trade was delayed by more than half an hour, and many investors were unsure if their trades had gone through.
We're going to hear now about some surprising consequences of the weak housing market in this country. It turns out that the value - even on a paper - of a home can affect the college choices that a family makes.
NPR science correspondent Shankar Vedantam regularly joins us to discuss social science research. He's here this morning to talk about those new findings. And good morning.
With Tuesday's recall election now over in Wisconsin, Republican Gov. Scott Walker resumed a normal schedule yesterday. His unsuccessful challenger, Democrat Tom Barrett, was back at Milwaukee City Hall, where he serves as mayor, and TV programs were finally free of political ads.
But one fixture of the recall battle remained in place, outside the Capitol building in Madison. NPR's Don Gonyea reports.
Secretary of Defense Leon Panetta is in Kabul, Afghanistan. He arrived this morning for a quick, unannounced visit with troops and also to check in on the progress of the war. Panetta's trip comes a day after a Taliban attack in southern Afghanistan left over 20 dead and at least 50 people wounded. Also yesterday, NATO forces were being blamed for allegedly killing civilians in an early morning strike.
The need to store digital information is growing. Tens of thousands of new jobs are expected to be created over the next six years to take full advantage of that ocean of information known as big data.
It's MORNING EDITION, from NPR News. Good morning. I'm Renee Montagne.
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And I'm David Greene.
We'll begin this program with the aftermath of Tuesday's recall election in Wisconsin. Public sector unions took on Republican Governor Scott Walker, and the governor won. Walker became the first U.S. governor to beat back a recall attempt. The unions had spent a lot time, money and political capital in Wisconsin.
NPR's Sonari Glinton reports on what's next for organized labor.
On July 1, the European Union says it will stop buying oil from Iran. Europe is one of the most important markets for Iran's oil, and in anticipation of the boycott, Iranian oil exports worldwide are already down by more than 25 percent.
Iran's leaders say they can weather this pressure, and so far they have refused to budge on their controversial nuclear activities, ones that prompted a series of economic sanctions.
As a result, it appears as if Iran will only face even greater difficulties when it comes to exporting oil, the lifeblood of its economy.