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12:47 pm
Tue October 25, 2011

Boom In Shadow Financing Exacts High Toll In China

At least 80 business owners have abandoned factories like this one in Wenzhou, China's entrepreneurial capital, because they have run up exorbitant debts to the city's loan sharks and underground lenders.

Frank Langfitt NPR

Originally published on Tue October 25, 2011 6:26 pm

In recent weeks, at least 80 business owners have fled Wenzhou in eastern China and gone into hiding because they can't pay crushing debts to the city's empire of underground lending firms and loan sharks.

Chinese Premier Wen Jiabao became so concerned that he flew to Wenzhou earlier in October to try to keep the problem from spreading.

The city's credit crisis highlights some of the flaws — and potential risks — of the banking system in the world's second-largest economy.

Business Owners Trapped By Debt

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The Two-Way
12:10 pm
Tue October 25, 2011

'A Modest Glimmer Of Hope': Home Prices Up In August

Home prices rose slightly in August, according to the latest data from the S&P/Case-Shiller index. They're still down compared to August 2010, and way down from their pre-recession peak in 2006. But it's good-ish news, reports the AP:

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It's All Politics
11:57 am
Tue October 25, 2011

Rick Perry Offers Flatter Tax In Effort To Regain Traction

Because you can apparently never have enough flat-tax plans in a race for the Republican presidential nomination, Texas Gov. Rick Perry on Tuesday officially introduced his own version.

That gives us two flat tax proposals in the GOP race, Perry's and Herman Cain's (all together now) 9-9-9 plan.

Actually, Perry's plan is not so much a flat tax as a flatter tax since he maintains some deductions and exemptions and even the current tax code for those who would prefer to use it.

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The Salt
11:36 am
Tue October 25, 2011

A DNA Check Reveals Widespread Fish Mislabeling in Massachusetts

Once filleted, it's easy to confuse one white-fleshed fish for another.

iStockphoto.com

Beware Massachusetts fish fans: If you're buying or ordering red snapper, white tuna, local cod or haddock, there's a pretty good chance that's not what you're going to get.

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The Two-Way
11:32 am
Tue October 25, 2011

World Bank: U.S. Fourth Friendliest Country For Business

The debate over regulation has been in the news lately, because it's been a point of conversation among the 2012 presidential candidates. The Republicans have said that over-regulation has kept businesses from expanding and creating jobs. But a new report from the World Bank that measures business regulation is throwing some cold water on the side that thinks the U.S. is a hostile place for business.

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Shots - Health Blog
11:19 am
Tue October 25, 2011

Key Panel Recommends Routine HPV Vaccination For Boys

If you thought the HPV vaccine against cervical cancer was controversial before, things are just warming up.

A panel of experts that advises the Centers for Disease Control and Prevention on vaccine policies has recommended routine vaccination of 11- and 12-year-old boys with Gardasil, Merck's vaccine against human papillomavirus. Vaccinations could start as early as age 9 and extend to 21-year-old men who weren't previously vaccinated.

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The Two-Way
11:12 am
Tue October 25, 2011

Occupy Wall Street Drummers Generate Loud Debate

The scene on Oct. 10 at one of the Occupy Wall Street drum circles in Manhattan's Zuccotti Park.

Andrew Burton AP

Originally published on Tue October 25, 2011 11:30 am

"The defining sound of the Occupy Wall Street" protests in Manhattan, as Weekend Edition Sunday's Audie Cornish has said, is "the never-ending drum circle."

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The Two-Way
10:40 am
Tue October 25, 2011

WWF: Javan Rhinoceros Extinct In Vietnam

Originally published on Tue October 25, 2011 12:22 pm

After a year-long survey, the World Wildlife Foundation has come to the conclusion that there are no more rhinoceros left in Vietnam. Specifically, the Javan rhino has disappeared from Cat Tien National Park, one of two of its remaining habitats in the world.

The WWF took dung samples from 2009 to 2010 and through genetic analysis they found the 22 samples belonged to a rhino that was found dead in the national preserve in 2010. That rhino was found with a bullet in its leg and with its horn cut off.

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NPR News Investigations
10:01 am
Tue October 25, 2011

Native Foster Care: Lost Children, Shattered Families

Derrin Yellow Robe, 3, stands in his great-grandparents' backyard on the Crow Creek Reservation in South Dakota. Along with his twin sister and two older sisters, he was taken off the reservation by South Dakota's Department of Social Services in July 2009 and spent a year and a half in foster care before being returned to his family.

John Poole NPR

Originally published on Thu October 27, 2011 10:27 am

Overview of a three-part investigation

Nearly 700 Native American children in South Dakota are being removed from their homes every year, sometimes under questionable circumstances. An NPR News investigation has found that the state is largely failing to place them according to the law. The vast majority of native kids in foster care in South Dakota are in nonnative homes or group homes, according to an NPR analysis of state records.

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The Two-Way
9:43 am
Tue October 25, 2011

Perry Unveils His 'Cut, Balance And Grow Plan'

Texas Gov. Rick Perry at last week's Republican presidential debate in Las Vegas.

John Gurzinski AFP/Getty Images

Originally published on Tue October 25, 2011 9:45 am

Saying that it "reorders the way they do business in Washington by reinventing the tax code and restoring our nation to fiscal health through balanced budgets and entitlement reform," Texas Gov. Rick Perry is this hour unveiling his "cut, balance and grow plan" on taxes.

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The Picture Show
9:42 am
Tue October 25, 2011

Photos Show Sheer Scale Of Shark Fin Trade

An estimated 2 million hammerhead sharks are caught for the shark fin trade each year.

Shawn Heinrichs

Originally published on Wed May 23, 2012 9:19 am

Every year, 73 million sharks are killed for their fins. Most go to make shark fin soup, a luxury dish and status symbol in some Asian cultures that can sell for $100 a bowl. Currently, 30 percent of shark and ray species are threatened with extinction.

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The Two-Way
9:14 am
Tue October 25, 2011

Occupy Oakland Protest Broken Up By Police

"Oakland police arrested dozens of people at a plaza outside City Hall and at a second, smaller camp nearby early this morning, two weeks after the protesters launched efforts as part of the nationwide Occupy Wall Street movement against corporate greed and economic inequality," The San Francisco Chronicle reports.

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Author Interviews
9:08 am
Tue October 25, 2011

Steve Jobs: A Computer Icon On Life, Death And Apple

Walter Isaacson's biography of Apple co-founder Steve Jobs was published Monday, less than three weeks after Job's death on Oct. 5.

Joe Raedle Getty Images

Originally published on Tue October 25, 2011 1:35 pm

When Steve Jobs was 6 years old, his young next door neighbor found out he was adopted. "That means your parents abandoned you and didn't want you," she told him.

Jobs ran into his home, where his adoptive parents reassured him that he was theirs and that they wanted him.

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The Two-Way
8:38 am
Tue October 25, 2011

Consumer Confidence Back Down To Recession Level

A sharp drop in a widely watched gauge of consumer confidence has brought that key economic barometer to a low "last seen during the 2008-2009 recession," Conference Board director of consumer research Lynn Franco says in a report released by the private research group this morning.

The board says its consumer confidence index fell this month to 39.8, from 46.4 in September. Other measures of consumer sentiment, about current conditions and expectations, also declined.

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The Two-Way
8:30 am
Tue October 25, 2011

Union: W. Va. Mine Disaster Was 'Industrial Homicide'

The United Mine Workers report.

NPR

The United Mine Workers union (UMWA) is out with its own report this morning about last year's Upper Big Branch coal mine disaster in West Virginia in which 29 workers died.

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The Two-Way
8:16 am
Tue October 25, 2011

All The Poop About The #no2trial Is Being Tweeted

If you need a break from the "real news:"

The Washington Post's Justin Jouvenal is "live-tweeting" from the so-called #no2trial today in Fairfax, Va.

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Shots - Health Blog
7:55 am
Tue October 25, 2011

High-Deductible Health Plans More Common On Employers' Menus

iStockphoto.com

Health plan deductibles keep inching up.

When employees sign up for coverage this fall during their company's annual enrollment period, nearly a quarter will face annual deductibles of at least $1,000, according to a recent employer survey by the Kaiser Family Foundation (KHN is an editorially-independent program of the foundation.)

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The Two-Way
7:06 am
Tue October 25, 2011

What A Show! Northern Lights Seen Across Much Of Nation

The Northern Lights over Marquette, Mich., last night.

Courtesy of Shawn Malone/LakeSuperiorPhoto.com

From Alabama and Georgia north to the border with Canada, there are reports from all over the continental U.S. today about a fantastic show last night:

An intense geomagnetic storm that produced some of the best "Northern Lights" in recent memory, reports SpaceWeather.com.

Many folks are posting photos and videos. Here's one that the poster says was taken in Michigan.

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The Two-Way
6:11 am
Tue October 25, 2011

VIDEO: 2-Week Old Girl Rescued From Rubble In Turkey

Though the death toll (more than 360) continues to climb and the chances of finding more survivors are dimming, there is this bit of good news about what's happening in eastern Turkey, where a 7.2-magnitude earthquake struck on Sunday:

A 2-week-old baby girl, Azra Karaduman, was rescued today from the rubble of an apartment building.

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The Two-Way
5:45 am
Tue October 25, 2011

Mundane Mixup Helps Rangers Take 3-2 Lead In World Series

A little too late: Pitcher Marc Rzepczynski of the St. Louis Cardinals is removed by manager Tony La Russa in the eighth inning during Game Five of the MLB World Series against the Texas Rangers. Earlier in the inning, Rzepczynski was mistakenly left in the game because of a miscommunication between LaRussa and his bullpen. And the pitcher gave up the game-winning hit.

Tom Pennington Getty Images

Originally published on Tue October 25, 2011 4:01 pm

If anyone asks you why the Texas Rangers beat the St. Louis Cardinals 4-2 last night to take a 3-2 lead in the World Series, tell them it was a missed call.

But it wasn't, as NPR's Mike Pesca said on Morning Edition, a mistake made by an umpire.

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The Two-Way
5:00 am
Tue October 25, 2011

Gadhafi Buried, Location Kept Secret

Former Libyan leader Moammar Gadhafi.

Abdel Magid Al Fergany AP

Originally published on Tue October 25, 2011 7:17 am

The bodies of former Libyan dictator Moammar Gadhafi and his son Muatassim were buried this morning in a secret location, according to officials of the local military council in Misrata, Libya.

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Job 1: Careers That Shaped The GOP Candidates
3:00 am
Tue October 25, 2011

Before He Delivered For Voters, Paul Delivered Babies

Ron Paul, shown in this screen shot taken from his website, says he delivered more than 4,000 babies in the Texas district where he used to practice.

www.ronpaul2012.com

Originally published on Fri January 13, 2012 10:49 am

Sixth in a series

Republican presidential candidate and Texas Congressman Ron Paul is known for his fervent opposition to armed intervention overseas and the Federal Reserve — and for his equally fervent supporters.

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Politics
2:00 am
Tue October 25, 2011

Refinancing A Focus Of Obama's Economic Plan

Speaking in Las Vegas on Monday, President Obama announced a plan for homeowners to refinance mortgages at low interest rates, if they met certain conditions.

Jewel Samad AFP/Getty Images

Originally published on Tue October 25, 2011 10:59 am

President Obama's home refinancing plan seeks to let a million or more American homeowners save money on their mortgages, even if those loans are underwater. But the plan announced Monday is not a new idea: A pair of economists at Columbia University — Chris Mayer and Glenn Hubbard — have been proposing a similar measure for years.

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World
2:00 am
Tue October 25, 2011

Tunisians Await Election Results

Originally published on Tue October 25, 2011 4:50 am

Transcript

ARI SHAPIRO, HOST:

Turnout was huge in Tunisia's first democratic election, with almost 90 percent of the population casting their votes. The official results will be announced this afternoon in the capital, Tunis, but there are already signs that the moderate Muslim party has done very well. Eleanor Beardsley joins us from Tunis.

Good morning, Eleanor.

ELEANOR BEARDSLEY, BYLINE: Good morning, Ari.

SHAPIRO: Tell us about this party that seems to be in the lead.

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Sports
2:00 am
Tue October 25, 2011

Communication Issues For Cardinals In Game 5 Loss

Originally published on Tue October 25, 2011 4:50 am

Transcript

ARI SHAPIRO, BYLINE: In Texas last night, game five of the World Series went to the home team. The Rangers beat the St. Louis Cardinals four to two, and now they could close out the series as play moves back to St. Louis. The Rangers came up with big hits, and they were also the beneficiaries of an unusual communication breakdown on the part of the Cardinals. NPR's Mike Pesca was at the game, and has this report.

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The Two-Way
4:26 pm
Mon October 24, 2011

Interim Leader Says Sharia Law Will Guide Libya

In a press conference, yesterday, Libya's transitional leader Mustafa Abdul-Jalil said that Sharia law will become the "main source" of legislation in a post-Gadhafi era.

The AP reports on the news:

Islamic law, or Sharia, is enshrined as the basis of the constitution in a number of Middle Eastern countries with Muslim majorities. Most Gulf nations' constitutions state that Sharia is a main source of legislation, while Egypt says it is "the source.

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Business
3:34 pm
Mon October 24, 2011

Netflix Loses 800,000 Customers In Third Quarter

Netflix said it expects its DVD subscribers to fall from 13.9 million as of Sept. 30 to as low as 10.3 million at the end of December.

Justin Sullivan Getty Images

Netflix's video subscription service lost 800,000 customers in the third quarter the biggest exodus in its history even as its earnings rose 65 percent.

The losses were larger than management had previously warned. The unwelcome surprise, contained in financial results released Monday, was compounded by a forecast calling for millions of Netflix Inc.'s DVD-by-mail subscribers to cancel the service in reaction to dramatic price increase that took effect last month.

The bad news bruised already battered stock as the shares plunged by more than 26 percent.

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Africa
3:18 pm
Mon October 24, 2011

Activists Support U.S. Move Against Uganda Rebels

Joseph Kony, leader of the Lord's Resistance Army, in a 2006 photo. The Obama administration has sent 100 troops to advise militaries in Uganda and neighboring countries that are battling Kony's forces.

STR AP

Originally published on Tue October 25, 2011 4:50 am

Human rights groups don't usually cheer military forays. But they have offered loud applause for the Obama administration's decision to send 100 military advisers to several countries in Africa to help those nations fight one of the continent's most notorious rebel groups, the Lord's Resistance Army.

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The Two-Way
2:59 pm
Mon October 24, 2011

Guinness Balks At Handing 100-Year-Old Marathoner His Record

Fauja Singh, 100, celebrates at the finish line after completing the Toronto Waterfront Marathon in Toronto on Sunday, Oct. 16, 2011.

Scotiabank Toronto Waterfront Marathon AP

Originally published on Tue October 25, 2011 11:33 am

Fauja Singh, the 100-year-old man who completed the Toronto Marathon, is being denied his place in the Guinness World Records. Guinness says he has not been able to produce a birth certificate, which it requires to certify a record.

But Singh has a passport and a letter from the Queen of England herself congratulating him on his 100th birthday.

Here's the BBC, which broke the story, today:

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