OK, let's turn now to personal wealth. Today's last word in business is disappearing millions.
The number of millionaire households in this country declined in 2011. That's according to this year's Global Wealth Study from the Boston Consulting Group. It found the number of American households with a million dollars of investable assets shrunk by 2.5 percent.
The U.S. still leads the world in millionaires, but developing countries are gaining ground. Other countries added nearly 200,000 millionaire households in 2011.
Those are just three of the words economists are using to describe the news that just 69,000 net jobs were added to public and private payrolls last month — and that the nation's jobless rate edged up to 8.2 percent from April's 8.1 percent.
The news has raised fears that the hoped-for strengthening of the economy may not materialize.
We posted on the news and followed with details from the report and reaction to it. It's now 11:22 am. ET, here's our original post and earlier updates:
"From his first months in office, President Obama secretly ordered increasingly sophisticated attacks on the computer systems that run Iran's main nuclear enrichment facilities, significantly expanding America's first sustained use of cyberweapons, according to participants in the program," The New York Times reports.
Lawrence Adams doesn't want to be called a hero, but many in Seattle are saying that's just what he is.
As The Seattle Times reports this morning, police believe Adams saved the lives of at least three people on Wednesday when he picked up a stool at a cafe and threw it at a gunman who killed four people there. Adams' action distracted the gunman, identified as Ian Stawicki, and allowed Adams and some others to escape.
Good morning. I'm David Greene with a remembrance of Dick Beals, the man whose voice gave lie to Gumby. A glandular condition gave Beals his small stature and youthful voice, a voice that was used in more than 3,000 commercials. Beals played a wide range of roles - babies, teenagers, chipmunks. Perhaps most notably the Speedy Alka-Seltzer character.
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DICK BEALS: (Singing) Alka-Seltzer, plop, plop, fizz, fizz - oh, what a relief it is.
Let's spend some time talking about the big money world of video games. In a moment, what may have been the biggest legal battle ever in the game industry. But first to former Boston Red Sox pitcher Curt Shilling. He is blaming the governor of Rhode Island for the meltdown of his video game company, 38 Studios. The company's failures have seen almost 400 workers lose their jobs and has Rhode Island taxpayers on the hook for close to $100 million. Ian Donnis of Rhode Island Public Radio has the story.
Let's turn now to Florida, where a federal judge has blocked portions of a new election law that was causing a lot of debate. That law had put tough restrictions on groups conducting voter registration drives. Because of the restrictions, the League of Women Voters and Rock the Vote stopped registering votes(ph) in the state. Those groups challenged the new law in court. And yesterday, Judge Robert Hinkle sided with the groups. He called the rules onerous and unconstitutional.
This election year we've seen a lot of cases where different people look at the same economic situation and come to different conclusions. And that seems to be happening in Michigan. It's America's comeback state - that according to its governor, Rick Snyder. Unemployment there is dropping, as the U.S. auto industry rebounds. And the state has a budget surplus for the first time in years.
It's been more than a year since Wisconsin Democrats began talking about recalling the state's governor, Scott Walker. Next week they'll get their chance to do it. Last night, Walker and his Democratic challenger, Milwaukee Mayor Tom Barrett, traded barbs in their final debate before Tuesday's vote. Turnout is expected to be very high, as the recall is sharply dividing voters in Wisconsin, so much so, some have just stopped talking to each other. NPR's David Schaper has the latest from Milwaukee.
NPR's business news starts with a new, multibillion-dollar chemical plant.
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GREENE: Exxon Mobil plans to build a huge chemical facility in Baytown, Texas. It reverses a company statement last year that said it has no plans for new chemical factories in the United States. According to Reuters, decades-low natural gas prices made the move too enticing to pass over. Natural gas is a key fuel in chemical production. By using its own natural gas, Exxon Mobil can run a chemical plant relatively cheaply.
The Susan G. Komen Global Race for the Cure takes place tomorrow here in the nation's capital. It's one of the breast cancer charity's biggest fundraisers. But this year, participation is way down. That follows Komen's controversial decision in February to stop funding Planned Parenthood programs. The decision was quickly reversed, but Komen's supporters worry about the long-term impact, as NPR's Pam Fessler reports.
This is MORNING EDITION from NPR News. Good morning. I'm David Greene. The financial woes of Greece and other countries of the eurozone, have meant painful austerity measures in exchange for financial bailouts. Now, Irish voters have approved a European Union treaty to battle the debt crisis. It's an effort to enforce strict budget cuts or face financial penalties.
On a Friday, it is MORNING EDITION from NPR News. Good morning. I'm David Greene.
In a unanimous ruling, a federal appeals court has struck down part of the Defense of Marriage Act. The First Circuit Court of Appeals, in Boston, ruled the 1996 law unconstitutional because it denies giving gay couples the same rights afforded to heterosexual couples. As NPR's Barbara Bradley Hagerty reports, the ruling sets the stage for a potential battle at the U.S. Supreme Court.
Iraqi Prime Minister Nouri al-Maliki recently held one of his traveling Cabinet meetings in the disputed city of Kirkuk in an effort to show Iraqi Arabs on the edge of the Kurdish-controlled north that he's working on their behalf, too.
But the fact that he felt obliged to bring in large numbers of heavily armed troops for the event illustrated the tension plaguing Iraqi politics.
A decade ago, investors thought Greece would flourish on the euro. Money poured in, and banks started lending it out. Thefilos Papacostakis, a bank teller at Alpha Bank in Thessaloniki, got to hand out a lot of that money.
Last month, Thefilos says, his bosses called him in for a meeting. They told him things were about to get worse. When countries are in this kind of trouble, the bosses said, people panic and pull their money out of banks.
Andrew Garfield is an actor on the verge of superstardom — and he's only 28 years old.
Although Garfield may be best known to American audiences for playing Facebook co-founder Eduardo Saverin in The Social Network, Garfield started acting in England, where he grew up. There, Garfield made notable turns in the critically acclaimed Red Riding Trilogy as well as in Never Let Me Go, based on the novel by Kazuo Ishiguro.
A jury found former Democratic Sen. John Edwards not guilty on one count of campaign finance fraud and was deadlocked on five other counts. The Citizens for Responsibility and Ethics in Washington, D.C., filed an amicus brief in the Edwards corruption case, asking that it be thrown out. Melanie Sloan, executive director of the group, offers her insight.
With a not guilty verdict on one count and the jury deadlocked on five others, it appears John Edwards' federal trial on campaign-finance charges ended with a whimper, certainly from the Justice Department's point of view.
At first blush, it can be argued that how the trial of the former U.S. senator from North Carolina ended may do little to deter politicians. They'll still be able to go forward and rake in money from supporters and, with some sleight of hand, spend that cash on practically anything.
In Texas recently there was a grand opening for what is now the largest refinery in the U.S. Shell and Saudi Arabia's national oil company, Saudi Aramco, have more than doubled the capacity of their Port Arthur refinery.
The refinery business has been going through a tough period in recent years. Americans are buying less gasoline and other petroleum products — about 10 percent less than in 2005, according to the U.S. Energy Information Administration.