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Economy
10:01 pm
Thu January 12, 2012

In GOP Campaign, Private Equity Firms Draw Flak

Was Mitt Romney a job-creating turnaround artist? Or was he, as some on the campaign trail have said, a "vulture capitalist"? That question has become a top issue in the Republican presidential primaries.

In the 1980s, Romney ran a private equity firm called Bain Capital. It's an industry where it's hard to avoid getting your hands dirty.

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Economy
10:01 pm
Thu January 12, 2012

Layoffs Hit Wall Street As Financial Needs Change

Credit Spencer Platt / Getty Images
Traders work on the floor of the New York Stock Exchange in December. In the past year, banks in New York and around the country have announced tens of thousands of job cuts, as there isn't the same need for some financial services as before.

Originally published on Fri January 13, 2012 9:50 am

It's hard to tell if the Occupy Wall Street protests had much impact on banks, but banks are doing some de-Occupying within their own ranks. It wasn't as bad as the massive layoffs following the 2008 meltdown, but last year was painful for Wall Street. Bank of America, Citigroup, Goldman, Morgan Stanley — almost all the big banks — announced big layoffs, totaling more than 60,000 employees.

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Election 2012
10:01 pm
Thu January 12, 2012

Evangelical Leaders Struggle To Crown A Candidate

Credit Alex Brandon / AP
Richard Land, president of the Ethics and Religious Liberty Committee of the Southern Baptist Convention, testifies before Congress on July 14, 2010. He thinks religious conservatives should try to rally behind a candidate other than Mitt Romney.

Rick Santorum was fresh off his surprise showing in the Iowa caucuses and fielding questions on a radio program, when a caller challenged the Republican presidential candidate on his overt religiosity.

"He said, 'We don't need a Jesus candidate. We need an economic candidate,' " Santorum recalled later, at a town hall meeting in New Hampshire. "And my answer to that was, 'We always need a Jesus candidate, right?' "

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World
10:01 pm
Thu January 12, 2012

In Russia's Far East, A Frayed Link To Moscow

Credit David Gilkey / NPR
Compared to many of the dynamic economies in Asia, development is Russia's Far East is limited. Here, men wait for a ferry to take them to Russky Island just off Vladivostok, on Russia's Pacific Coast. In the background, a bridge to the island is being built.

Originally published on Fri January 13, 2012 9:50 am

After a train journey of nearly 6,000 miles from Moscow, the Russian Pacific port of Vladivostok can feel like a different country. The people and the language are still Russian, but the strong Asian influence is undeniable. And many residents say the bond to the rest of Russia has been growing weaker, while the ties to Asia have been growing stronger since the Soviet breakup two decades ago. NPR's David Greene has this report as he wraps up his journey on the Trans-Siberian railway.

The last of three stories

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