This morning, House Republicans unveiled a new budget plan on Capitol Hill. And like President Obama's budget document last month, the GOP's version is as much a political statement as an actual road map. NPR's Tamara Keith has that story.
TAMARA KEITH, BYLINE: In some ways, this budget is a sequel. This time last year, House Budget Committee Chairman Paul Ryan unveiled a controversial budget document that passed the House with strong GOP support.
Italy's next step in a crisis is at the top of NPR's business news.
Italian prime minister Mario Monti is trying to restructure the economy so his country has a better shot at paying its debts. Today, he sits down to negotiate with the country's powerful trade union leaders. Monti hopes to weaken legal protections that make it almost impossible to fire employees. He blames these rules for slow economic growth and high unemployment in Italy.
We're following up now on the fatal shooting of a black teenager by an Hispanic neighborhood watch leader. That shooting took place three weeks ago in the central Florida town of Sanford. So far, no charges have been filed against George Zimmerman, who says he was acting in self-defense when he shot 17-year-old Trayvon Martin. The African-American community is frustrated. And yesterday student protestors were out in Sanford demanding the shooter be arrested. Mark Simpson of member station WMFE in Orlando has this report.
It was two outs, bottom of the ninth for the New York Mets. Facing a civil trial in federal court this week, they managed to pull off a clutch out of court settlement with a price tag of $162 million, the value of a long-term contract for a star player. The team's owners reached that deal with the trustee recovering money for victims of imprisoned financier Bernie Madoff.
But as WNYC's Janet Babin reports, any relief is tempered by the team's long-term financial struggles.
Now, one way governments raise money is by issuing bonds: you or your pension fund lend them the money, and they then pay a set amount of interest for a set amount of time, say 10 or 20 years. Well, Britain's finance minister, George Osborne, is reportedly ready to announce that the UK plans to issue a bond that only your great-grandchildren will be able to cash in. It matures in a hundred years.
When 21-year-old Kevin Smith decided he wanted to be a filmmaker, his sister gave him some advice: "Don't say you want to be a filmmaker; just be one." So he did. He made his first film, Clerks, on a shoestring, shooting at the convenience store where he worked.
One of the defining elements of the 2012 presidential campaign is money. Not that the candidates themselves have raised all that much; except for President Obama, they haven't. But two dozen wealthy Americans have put in at least $1 million each.
Mostly, they're a mix of Wall Street financiers and entrepreneurs. One of the biggest donors is Sheldon Adelson, a casino magnate who is worth about $25 billion.
NPR's business news starts with Apple's giant pile of money.
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INSKEEP: The maker of iPads, iPhones and computers is sitting on almost one hundred billion dollars in cash and securities. And today, Apple announced that it will spend some of that money paying a stock dividend to shareholders and buying back some company stock. NPR's Steve Henn has been following developments, and joins us on the line from Silicon Valley. Steve, good morning.
Four years since they first began making music together, the Brooklyn-based duo Tanlines is finally releasing an album: Mixed Emotions, out tomorrow. The band is Eric Emm, who sings and plays guitar, and Jesse Cohen, who plays drums, keyboards and an assortment of electronic instruments. Cohen is also the chattier of the two.
"We use a lot of different drum kits that are in a computer," Cohen explains. "We also play a lot of stuff live, and a lot of time you can't really tell which is real and which is fake. That's sort of a thing that we like to play with."
Don Draper, the main character on the hit TV show Mad Men, is said to have been inspired by a real Madison Avenue ad man: George Lois. Lois was a leader in the "Creative Revolution" in advertising during the 1950s, and became one of the most influential art directors in advertising history. His work helped make brands like Xerox, Lean Cuisine and Jiffy Lube famous. Lois is perhaps best known for creating iconic Esquire magazine covers, many of which now reside in the Museum of Modern Art.