The quayside at Compagnia della Vela in Venice, Italy, is largely deserted. Authorities have targeted yacht owners as part of a crackdown on tax evasion, and many boat owners have sailed to other countries in the Mediterranean.
Credit Bloomberg via Getty Images
A foreign yacht is berthed at Porto Santo Stefano. Italian police have been raiding ports to check if yacht owners have been paying enough taxes.
Italy has a public debt of nearly 2 trillion euros, and it's cracking down on its notoriously wily tax evaders. Owners of luxury yachts are a prime target, with tax police launching dockside raids to see how individual tax files line up with owning and maintaining an expensive boat.
But yachts are mobile assets. In response, many boat owners are simply weighing anchor and setting course for more tax-friendly Mediterranean marinas.
It's been a big day for Mitt Romney's presidential campaign. Romney officially announced his running mate this morning in Virginia. NPR's Ron Elving tells guest host Linda Wertheimer how the pair are starting out.
The Romney campaign launched its first event with Ryan on the ticket in front of an excited crowd of supporters in Norfolk, Va., Saturday morning. If the crowd at the event was any indication, the decision has energized the Republican base.
This is WEEKEND EDITION from NPR News. I'm Linda Wertheimer. We are following the big political story this hour. Mitt Romney has announced the other half of his ticket, congressman Paul Ryan of Wisconsin. He's been a champion of conservative fiscal principles as chairman of the House Budget Committee. Let's listen to Paul Ryan from an interview with NPR in May of 2012, shortly after he released his first budget.
For more on the announcement, joining me in the studio are Washington Post columnist E.J. Dionne and contributing editor for the Weekly Standard Matthew Continetti. Gentlemen, it's wonderful to see you again.
E.J. DIONNE: Good to see you.
MATTHEW CONTINETTI: Good to see you.
WERTHEIMER: Let's first hear Paul Ryan from an interview with NPR in May of 2012. This was shortly after he released his first budget as chairman of the Budget Committee.
For more on Mr. Romney's choice of a running mate, we're joined in the studio by NPR's Washington editor Ron Elving and NPR's national political correspondent Don Gonyea.
Now, we just heard from congressman Chris Van Hollan of Maryland, who's a Democrat. He told us that the choice that Mr. Romney made tells independent voters to, quote, "take a hike." How do you think that this choice affects independents and undecided voters? You want to start, Ron?
Mitt Romney made his big VP announcement this morning in Norfolk, Virginia, and that, of course, is no coincidence. Virginia is one of the swing states. And in this year's presidential race, and both the Romney and Obama campaigns, have been heavily targeting voters in that state for months. Joining us now, is Larry Sabato. He is the director of the University of Virginia's Center for Politics, and he's on the line from Charlottesville. Larry Sabato, welcome.