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Business
3:24 am
Fri June 1, 2012

The Last Word In Business

Originally published on Thu June 7, 2012 11:24 am

Transcript

DAVID GREENE, HOST:

OK, let's turn now to personal wealth. Today's last word in business is disappearing millions.

The number of millionaire households in this country declined in 2011. That's according to this year's Global Wealth Study from the Boston Consulting Group. It found the number of American households with a million dollars of investable assets shrunk by 2.5 percent.

The U.S. still leads the world in millionaires, but developing countries are gaining ground. Other countries added nearly 200,000 millionaire households in 2011.

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Europe
3:24 am
Fri June 1, 2012

Bank Official Warns Euro Framework Is 'Unsustainable'

Originally published on Fri June 1, 2012 7:04 am

Transcript

DAVID GREENE, HOST:

This is MORNING EDITION from NPR News. Good morning. I'm David Greene.

The financial woes of Greece and other countries of the eurozone have meant painful austerity measures in exchange for financial bailouts. Now Irish voters have approved a European Union treaty to battle the debt crisis. It's an effort to enforce strict budget cuts or face financial penalties.

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Around the Nation
3:24 am
Fri June 1, 2012

Komen Donations Down After Planned Parenthood Dispute

Originally published on Fri June 1, 2012 7:04 am

Transcript

DAVID GREENE, HOST:

The Susan G. Komen Global Race for the Cure takes place tomorrow here in the nation's capital. It's one of the breast cancer charity's biggest fundraisers. But this year, participation is way down. That follows Komen's controversial decision in February to stop funding Planned Parenthood programs. The decision was quickly reversed, but Komen's supporters worry about the long-term impact, as NPR's Pam Fessler reports.

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Iraq
1:00 am
Fri June 1, 2012

Ignoring Critics, Iraq's Leader Consolidates Power

Credit Marwan Ibrahim / AFP/Getty Images
Iraqi Prime Minister Nouri al-Maliki (center) arrives on May 8 at Kirkuk airport in northern Iraq, on his first visit to the multi-ethnic city since taking office.

Originally published on Fri June 1, 2012 8:30 pm

Iraqi Prime Minister Nouri al-Maliki recently held one of his traveling Cabinet meetings in the disputed city of Kirkuk in an effort to show Iraqi Arabs on the edge of the Kurdish-controlled north that he's working on their behalf, too.

But the fact that he felt obliged to bring in large numbers of heavily armed troops for the event illustrated the tension plaguing Iraqi politics.

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Planet Money
12:59 am
Fri June 1, 2012

A Front-Row Seat At A Bank Run

Credit Petros Giannakouris / ASSOCIATED PRESS

Originally published on Fri June 1, 2012 7:04 am

A decade ago, investors thought Greece would flourish on the euro. Money poured in, and banks started lending it out. Thefilos Papacostakis, a bank teller at Alpha Bank in Thessaloniki, got to hand out a lot of that money.

Last month, Thefilos says, his bosses called him in for a meeting. They told him things were about to get worse. When countries are in this kind of trouble, the bosses said, people panic and pull their money out of banks.

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