2:37am

Tue May 1, 2012
Business

The Last Word In Business

Originally published on Tue May 1, 2012 5:44 am

In a new report, the employment firm Challenger, Gray and Christmas predicts more jobs for teenagers this summer. While the jobs picture is improving, CEO John Challenger says teen hiring is still several years away from returning to pre-recession levels.

2:37am

Tue May 1, 2012
Business

Bank Of America To Lay Off More Workers

Originally published on Tue May 1, 2012 5:23 am

Transcript

STEVE INSKEEP, HOST:

NPR's business news begins with more job cuts at Bank of America.

(SOUNDBITE OF MUSIC)

INSKEEP: The Wall Street Journal reports that the nation's second-largest bank is planning about 2,000 layoffs at its investment banking, commercial banking and wealth management units. These cuts are notable because they include high-earning employees in operations that account for most of Bank of America's profits since the financial crisis.

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Sheryl Rich-Kern has been contributing stories for NHPR since 2006, covering education, social services, business, health care and an occasional quirky yarn that epitomizes life in New Hampshire. Sheryl’s Challenges of Autism series won the first place award for a feature story from the New Hampshire Association of Broadcasters.

 

In addition to producing news for NHPR, Sheryl has filed stories for Word of Mouth, as well the nationally-syndicated Environment Report, All Things Considered and Marketplace. She also writes for several business magazines.

 

1:07am

Tue May 1, 2012
Europe

In French Election, Candidates Chase Far-Right Votes

Originally published on Tue May 1, 2012 5:35 am

A campaign poster for French President Nicolas Sarkozy stands next to a torn poster of National Front candidate Marine Le Pen in northern France. Sarkozy needs Le Pen's far-right voters if he is to win the runoff election on Sunday.
Philippe Huguen AFP/Getty Images

President Nicolas Sarkozy is fighting desperately to hold on to his job with five days to go until the French presidential runoff against socialist rival Francois Hollande.

Both candidates have been trying to appeal to supporters of France's far-right leader Marine Le Pen, who came in third place in the first round of balloting held last month. Sarkozy, from the center-right, finished in second place, with Socialist candidate Francois Hollande taking first with nearly 29 percent of the vote.

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1:05am

Tue May 1, 2012
Crisis In The Housing Market

Some Housing Markets Rebound, But Bargains Scarce

Originally published on Tue May 1, 2012 7:12 am

While some sections of Arizona's housing market have shown signs of recovery, potential homebuyers who are looking for affordable houses have been frustrated. This file photo from 2008 shows a subdivision extending into desert scrubland.
Chris Hondros Getty Images

The real estate market has turned around in some parts of the U.S., but many buyers aren't seeing true bargains anymore. Investors are driving up prices, and inventory is low, especially for homes priced under $250,000. That's not great news for anyone hoping to buy an affordable house to live in.

Arizona is home to one of the nation's extraordinary turnarounds. The Phoenix-area median home price rose 20 percent over the past year — 6 percent in March alone. And Tucson was recently named the nation's best market for investors. But the easy money has already been made.

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1:04am

Tue May 1, 2012
National Security

After Bin Laden, Al-Qaida Still Present As Movement

Originally published on Tue May 1, 2012 6:16 am

Thousands of Somalis gathered at a militant-organized demonstration on the outskirts of Mogadishu, Somalia, in support of the merger of the Somali militant group al-Shabab with al-Qaida, which was announced in February by al-Qaida leader Ayman al-Zawahiri.
AP

A year ago Tuesday, Navy SEALs attacked Osama bin Laden's secret compound in Pakistan and may have fundamentally changed al-Qaida as we know it.

The Obama administration's top counterterrorism chief, John Brennan, spoke Monday in Washington, D.C., and seemed on the precipice of talking about the terrorist group in the past tense.

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12:59am

Tue May 1, 2012
Business

N.H. To The Unemployed: Try An Unpaid Internship

Originally published on Tue May 1, 2012 4:47 am

Electropac in Manchester, N.H., is among the companies participating in the state's unpaid internship program.
Sheryl Rich-Kern for NPR

Electropac, a firm that makes printed circuit boards in New Hampshire, once had 500 paid employees. Today, it has 34. But thanks to a state program for the unemployed, it also now offers unpaid internships.

Across the country, unpaid internships are on the rise for older adults looking to change careers or rebound from layoffs. In New Hampshire, a state-run program encourages the unemployed to take six-week internships at companies with the hope of getting a permanent job.

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12:57am

Tue May 1, 2012
Business

Discovering The True Cost Of At-Home Caregiving

Originally published on Wed May 23, 2012 8:51 am

Maryland resident Ida Christian, 89, began showing symptoms of Alzheimer's disease in 2009. Her condition demands around-the-clock care.
Kainaz Amaria NPR

Walk through any nursing home, and your first thought might be: "I need to take care of Mom myself."

Few people want to turn over a loved one to institutional care. No matter how good the nursing home, it may seem cold and impersonal — and very expensive. But making the choice to provide care yourself is fraught with financial risks and personal sacrifices.

Those who become full-time caregivers often look back and wish they had taken the time to better understand the financial position they would be getting themselves into.

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5:02pm

Mon April 30, 2012
Music Interviews

How To Break Up With Attitude, According To Norah Jones

Originally published on Tue May 1, 2012 6:38 am

Norah Jones' latest album is called Little Broken Hearts.
Frank Ockenfels Courtesy of the artist

More than 10 years ago, Norah Jones hit the national stage with her melancholic love song "Don't Know Why," in the process selling millions of copies of her debut album and becoming a Grammy winner.

But Jones' new album is different. She may sound like a fragile performer, but don't get her wrong: At 33, she's recorded a breakup album with attitude.

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4:58pm

Mon April 30, 2012
The Two-Way

Protests Planned Across The United States To Mark May Day

The Occupy movement will try to regain the momentum it created last fall.
Spencer Platt Getty Images

A collection of activists — from labor unions to immigrant rights groups — are planning protests across the country tomorrow to mark May Day.

Of course, the highest profile organization is Occupy Wall Street, which has called for a "general strike" and says events are planned in 135 U.S. cities.

Here's how the movement describes its plans on its website:

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