Morning Edition

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Renée Montagne, Steve Inskeep
Kerry Bringhurst

Morning Edition provides news in context, airs thoughtful ideas and commentary, and reviews important new music, books, and events in the arts. All with voices and sounds that invite listeners to experience the stories.

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Business
2:48 am
Fri May 18, 2012

Hewlett-Packard Set To Layoff 30,000 People

Originally published on Fri May 18, 2012 2:49 pm

Transcript

STEVE INSKEEP, HOST:

NPR's business news starts with layoffs at HP.

(SOUNDBITE OF MUSIC)

INSKEEP: Technology giant Hewlett-Packard is poised to eliminate as many as 30,000 jobs worldwide. These cuts, though, will reportedly spare China - the company's largest source of growth, as well as its research and development divisions.

NPR's Wendy Kaufman reports.

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Business
2:48 am
Fri May 18, 2012

The Last Word In Business

Originally published on Fri May 18, 2012 2:49 pm

Transcript

STEVE INSKEEP, HOST:

And today's last word in business is: free flight - to somewhere less exotic than Nepal.

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NPR Story
2:32 am
Fri May 18, 2012

GOP Group Abandons Racially Tinged Attack Ad

Originally published on Fri May 18, 2012 2:49 pm

Mitt Romney is disavowing a plan by some wealthy Republicans to attack President Obama for ties to his controversial former pastor. Even the people behind that proposal said they are abandoning it after their idea was plastered on the front page of The New York Times.

The proposal centered on the Rev. Jeremiah Wright, who was a mentor to Obama before the two parted ways during the last presidential campaign.

Republicans unaffiliated with Romney were considering spending $10 million on a racially tinged advertising campaign tying Wright to the president.

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NPR Story
2:32 am
Fri May 18, 2012

Did Bank's Culture Lead To JPMorgan's Big Loss?

Originally published on Fri May 18, 2012 2:49 pm

Transcript

DAVID GREENE, HOST:

The head of JPMorgan Chase, Jamie Dimon, has gotten an invitation to testify in front of the Senate Banking Committee about his bank's recent trading loss of at least $2 billion.

STEVE INSKEEP, HOST:

Dimon is very much the public face of his firm. In a Wall Street culture where banks are defined as much by the executives who run them is by the assets they hold. So, what kind of culture led to the multibillion dollar losses at JPMorgan Chase?

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NPR Story
2:32 am
Fri May 18, 2012

French President To Meet With Obama

Newly installed French President Francois Hollande and his partner, Valerie Trierweiler, leave the presidential Elysee Palace in Paris after a formal handover ceremony Tuesday.
Lionel Bonaventure AFP/Getty Images

Originally published on Fri May 18, 2012 8:19 pm

Valerie Trierweiler is a journalist and a twice-divorced mother of three teenage boys. She never thought she'd also end up as the first lady of France.

Americans will get their first close-up look at the woman who now calls France's Elysee Palace home when she and her partner, President Francois Hollande, visit the White House this afternoon.

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Planet Money
1:20 am
Fri May 18, 2012

The Long, Long, Long Road To New Rules For Banks

Originally published on Fri May 18, 2012 2:49 pm

Would that big, bad JPMorgan Chase trade have violated the Volcker Rule?

It's too soon to say, despite the fact that the rule is part of a two-year-old law.

The Volcker Rule bans deposit-taking banks from making speculative bets. But it allows banks to make investments to hedge risks.

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Deceptive Cadence
1:14 am
Fri May 18, 2012

150 Years Of 'Taps'

A lone bugler stands at attention in the rain at Wilmington National Cemetery in North Carolina, in 2009.
Logan Mock-Bunting Getty Images

Originally published on Fri May 18, 2012 2:49 pm

This Saturday, 200 buglers will assemble at Arlington National Cemetery to begin playing "Taps," a call written 150 years ago this year.

Retired Air Force Master Sgt. Jari Villanueva, a bugle player, says he started out as a Boy Scout bugler at about age 12. He went on to study trumpet at the Peabody Conservatory before being accepted into the United States Air Force Band — where one of his duties over the next 23 years was to sound that call at Arlington National Cemetery.

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Around the Nation
4:58 am
Thu May 17, 2012

Student Discovers Mastodon Tooth In His Backyard

An Oklahoma teacher asked her fifth graders to each bring in a rock. One student brought in a stone that looked like a tooth. It turns out it was a tooth, according to the Muskogee Daily Phoenix. The tooth may up to 40 million years old.

Around the Nation
4:58 am
Thu May 17, 2012

Director John Waters Hitches A Ride With Indie Band

The Baltimore legend is known for his pencil-thin mustache, and for movies like Hairspray. He's said in interviews he enjoys hitchhiking. Recently, the band Here We Go Magic tweeted photos of him in their van.

Business
4:58 am
Thu May 17, 2012

Skechers To Settle FTC Complaint

The Federal Trade Commission has announced that Skechers will pay more than $40 million to settle charges that the company made unfounded claims about its shape-up shoes. The FTC says the marketing was deceptive.

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