NPR Story
5:21 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 10:03 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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NPR Story
5:21 am
Tue May 8, 2012

Business News

Originally published on Tue May 8, 2012 7:41 am

Transcript

DAVID GREENE, HOST:

NPR's business news starts with a shareholder revolt.

(SOUNDBITE OF MUSIC)

NPR Story
5:21 am
Tue May 8, 2012

Pakistan's Prime Minister Refuses To Step Down

Originally published on Tue May 8, 2012 7:41 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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Europe
3:17 am
Tue May 8, 2012

Why The Markets Shrugged Off French Vote

A supporter of French President-elect Francois Hollande wears a mask of outgoing President Nicolas Sarkozy.
Thomas Coex AFP/Getty Images

Originally published on Tue May 8, 2012 7:41 am

The arguments for growth policies as opposed to austerity are taking center stage in Europe after the French and Greek elections.

His rhetoric aside, France's President-elect Francois Hollande is not rejecting austerity. In fact, he pledged to balance France's budget by the end of his five-year term, just one year later than his opponent, outgoing President Nicolas Sarkozy.

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Theater
3:16 am
Tue May 8, 2012

A Test Of Hearts, Minds And 'Hands On A Hardbody'

Hands on a Hardbody
La Jolla Playhouse

Originally published on Wed May 9, 2012 4:04 pm

About 20 years ago, a Texas car dealership started a competition: Contestants had to keep one hand on a brand-new, fully loaded truck; the last person standing got to keep it.

It may not seem like a gripping drama, but it was the subject of a 1997 documentary. And now, it's the basis of a musical.

It's called Hands on a Hardbody, and that hardbody is, yes, the truck. At a rehearsal at the La Jolla Playhouse in California, it's on casters so the actors can spin it around the stage.

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Family Matters: The Money Squeeze
3:14 am
Tue May 8, 2012

Long-Term-Care Insurance: Who Needs It?

AnnaBelle Bowers' long-time physician, Walter Watkin, gives her a kiss on the forehead at the end of her visit. When asked how long she had been coming to see him, he said, "Long enough for her file to be 2 inches thick."
Kainaz Amaria NPR

Originally published on Wed May 23, 2012 10:50 am

Americans routinely buy all sorts of insurance — for cars, homes, health and even pets and boats.

But when it comes to long-term-care insurance, relatively few sign up. Out of more than 313 million Americans, only about 8 million have any such protection, according to the American Association for Long-Term Care Insurance. The low participation rate largely reflects the high cost of long-term-care insurance.

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Business
2:29 am
Tue May 8, 2012

Shhhh! (Facebook's About To Go Public)

The world's biggest social network is expected to go public on May 18. And like all companies facing an initial public offering, Facebook is staying quiet about its financials and stock potential.
Timur Emek AP

Originally published on Tue May 8, 2012 10:07 am

Facebook started what's called a "road show" this week, pitching itself to potential big investors across the country. It's one of the last steps before a company goes public — which Facebook reportedly plans to do next Friday.

But that pitch has to be very carefully calibrated — as you can tell from all the warning language that precedes it on Facebook's road show website.

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Africa
2:28 am
Tue May 8, 2012

Desperate Sudanese Flee Bombing In Nuba Mountains

A displaced woman and her child from the Nuba Mountains in Sudan wait outside the Yida refugee camp registration center in Yida, South Sudan April 26. Thousands of people from the Nuba Mountains in South Kordofan, Sudan have fled to Yida to escape recent fighting and airstrikes by Sudan's Armed Forces.
Adriane Ohanesian AFP/Getty Images

Originally published on Tue May 8, 2012 7:41 am

The two Sudans appear to be complying with a U.N. ceasefire ultimatum, which came into force on Friday — ending weeks of bitter border fighting over oil.

But there remains a separate conflict in the Nuba Mountains region of Sudan that has forced thousands to flee bombardment and hunger for newly independent neighbor South Sudan.

Those refugees are streaming into the Yida camp in South Sudan, across the border from the Nuba Mountains in the South Kordofan area, Sudan's last remaining oil-producing state.

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National Security
2:27 am
Tue May 8, 2012

Bill Would Have Businesses Foot Cost Of Cyber War

Originally published on Tue May 8, 2012 10:20 am

Business executives and national security leaders are of one mind over the need to improve the security of the computers that control the U.S. power grid, the financial system, water treatment facilities and other elements of critical U.S. infrastructure. But they divide over the question of who bears responsibility for that effort.

The disagreement stands as an obstacle to passage of major cybersecurity legislation backed by Sens. Joe Lieberman of Connecticut and Susan Collins of Maine, among others.

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London 2012: The Summer Olympics
7:10 pm
Mon May 7, 2012

Soccer Star With Soap Opera Roots Aims At Olympics

North Korea's Yu Jong Hui (left) and Colombia's Orianica Velasquez battle for the ball during the FIFA Women's World Cup on July 6, 2011, in Bochum, Germany.
Joern Pollex Getty Images

Originally published on Fri August 2, 2013 4:34 pm

Indiana University soccer star Orianica Velasquez is on a mission — to get to the London Olympics with Colombia's women's soccer team. And she wants to send a message about the country where she was born.

"My dream is to get a medal for Colombia," she says, adding that she wants to show the world "it's just not violence, it's just not drugs — we can play soccer and we can do great things because we have great people there."

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