Business

3:36pm

Thu October 25, 2012
Planet Money

It's 10 P.M. In Frankfurt. Do You Know Where Your Gold Is?

Lam Thuy Vo / NPR

At a hearing last year, Ron Paul asked Ben Bernanke if gold is money. Answer: No. So why do central banks hold it as a reserve? Answer: Tradition.

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3:15pm

Thu October 25, 2012
Europe

While Spain Struggles, The Basque Region Shines

Originally published on Thu October 25, 2012 6:51 pm

The Basque region has a long and rich industrial tradition. Here is a CAF factory in Beasain, Spain.
Lauren Frayer for NPR

For decades, most of the news out of Basque country was horrible. Since the late 1960s, this region in northern Spain has been infamous as home to the ETA separatist group, which killed more than 800 people while fighting for Basque independence from Madrid.

But two years ago, the separatist group declared a final cease-fire and the attacks have stopped. Now the country is becoming known for something else: its booming economy.

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2:26pm

Thu October 25, 2012
Health

After Meningitis Deaths, A Look At Drug Safety

Transcript

NEAL CONAN, HOST:

This is TALK OF THE NATION. I'm Neal Conan in Washington. Two dozen dead and hundreds sickened from contaminated drugs with probably more to come. The outbreak of fungal meningitis has scared many thousands more who received injections of what may have been tainted steroids from a now-closed facility in Massachusetts, which called itself a compounding pharmacy.

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12:39pm

Thu October 25, 2012
The Two-Way

Microsoft Introduces Windows 8, Marking A 'New Era'

Originally published on Thu October 25, 2012 12:44 pm

Microsoft CEO Steve Ballmer during a press conference at Pier 57 to officially launch Windows 8 in New York.
Timothy A. Clary AFP/Getty Images

Steve Ballmer, the CEO of Microsoft, put the release of the company's new operating system in dramatic terms: "Windows 8 shatters perceptions of what a PC truly is," he said during an introductory event in New York.

Windows 8, Ballmer said, "marks a new era" for Microsoft.

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8:50am

Thu October 25, 2012
The Two-Way

Jobless Claims Fell By 23,000 Last Week; Orders For Durable Goods Rose

Originally published on Thu October 25, 2012 9:07 am

A Boeing 787 Dreamliner aircraft at the company's factory in Everett, Wash. Orders for aircraft drove the increase in demand for durable goods last month.
Saul Loeb AFP/Getty Images

The number of first-time claims for unemployment insurance fell by 23,000 last week from the week before, to 369,000, the Employment and Training Administration says.

Claims have bounced around in recent weeks, in part because of some changes in the way at least one state reports its figures.

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7:05am

Thu October 25, 2012
Business

$1 Billion BOA Lawsuit Claims Mortgage Fraud

Federal prosecutors in Manhattan are suing Bank of America for more than $1 billion for mortgage fraud against government-backed mortgage companies Fannie Mae and Freddie Mac around the time of the financial collapse. The lawsuit alleges that Countrywide Financial, which was later acquired by Bank of America, sold large volumes of mortgages that weren't quality-controlled.

7:05am

Thu October 25, 2012
Your Money

Buying A New Car: Is Cash, Lease Or Financing Best?

Originally published on Thu October 25, 2012 9:22 pm

Transcript

RENEE MONTAGNE, HOST:

Here in the U.S., auto sales are up, and fall is traditionally a big time for car buying. Question is, what's the best way these days to pay for that car - financed through the automaker or through your bank or simply leased?

To think through the choices, we called Michele Krebs. She's the senior analyst for the auto information site Edmunds.com, and she joined us from Detroit.

Good morning.

MICHELE KREBS: Good morning.

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7:05am

Thu October 25, 2012
Business

Sunday Football Helps NBC Reclaim Top Spot

For years, NBC has struggled at the bottom of the pile of big broadcast networks, ratings-wise. However, this season it's on top, thanks in part to Sunday Night Football.

7:05am

Thu October 25, 2012
Business

Ford Forecasts Big Losses In Europe

Transcript

RENEE MONTAGNE, HOST:

NPR's business news starts with Europe having car trouble.

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7:05am

Thu October 25, 2012
Business

Pacino To Earn $125,000 Per Week In 'Glengarry'

Actor Al Pacino is returning to Broadway in November to star in David Mamet's classic play, Glengarry Glen Ross. He's playing a different character from the one he playd in the movie version 20 years ago. According to Bloomberg News, he's making $125,000 per week, plus a cut of the show's profits — one of the biggest pay packages ever for a Broadway performer.

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