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Europe
2:37 am
Tue May 1, 2012

British Parliament To Issue Report On Phone-Hacking Scandal

Originally published on Tue May 1, 2012 5:26 am

Transcript

STEVE INSKEEP, HOST:

It's MORNING EDITION from NPR News. I'm Steve Inskeep.

DAVID GREENE, HOST:

And I'm David Greene. Over the course of more than 60 years in the media business, Rupert Murdoch has earned a reputation as a blunt-spoken businessman who comes out swinging. Well today, British parliamentarians didn't pull their punches against him. They released the findings of an investigative panel that spent months looking into the illegal phone-hacking practices at Murdoch's News of the World, the now-closed British tabloid.

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Business
2:37 am
Tue May 1, 2012

Bank Of America To Lay Off More Workers

Originally published on Tue May 1, 2012 5:23 am

Transcript

STEVE INSKEEP, HOST:

NPR's business news begins with more job cuts at Bank of America.

(SOUNDBITE OF MUSIC)

INSKEEP: The Wall Street Journal reports that the nation's second-largest bank is planning about 2,000 layoffs at its investment banking, commercial banking and wealth management units. These cuts are notable because they include high-earning employees in operations that account for most of Bank of America's profits since the financial crisis.

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Europe
1:07 am
Tue May 1, 2012

In French Election, Candidates Chase Far-Right Votes

A campaign poster for French President Nicolas Sarkozy stands next to a torn poster of National Front candidate Marine Le Pen in northern France. Sarkozy needs Le Pen's far-right voters if he is to win the runoff election on Sunday.
Philippe Huguen AFP/Getty Images

Originally published on Tue May 1, 2012 5:35 am

President Nicolas Sarkozy is fighting desperately to hold on to his job with five days to go until the French presidential runoff against socialist rival Francois Hollande.

Both candidates have been trying to appeal to supporters of France's far-right leader Marine Le Pen, who came in third place in the first round of balloting held last month. Sarkozy, from the center-right, finished in second place, with Socialist candidate Francois Hollande taking first with nearly 29 percent of the vote.

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Crisis In The Housing Market
1:05 am
Tue May 1, 2012

Some Housing Markets Rebound, But Bargains Scarce

While some sections of Arizona's housing market have shown signs of recovery, potential homebuyers who are looking for affordable houses have been frustrated. This file photo from 2008 shows a subdivision extending into desert scrubland.
Chris Hondros Getty Images

Originally published on Tue May 1, 2012 7:12 am

The real estate market has turned around in some parts of the U.S., but many buyers aren't seeing true bargains anymore. Investors are driving up prices, and inventory is low, especially for homes priced under $250,000. That's not great news for anyone hoping to buy an affordable house to live in.

Arizona is home to one of the nation's extraordinary turnarounds. The Phoenix-area median home price rose 20 percent over the past year — 6 percent in March alone. And Tucson was recently named the nation's best market for investors. But the easy money has already been made.

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National Security
1:04 am
Tue May 1, 2012

After Bin Laden, Al-Qaida Still Present As Movement

Thousands of Somalis gathered at a militant-organized demonstration on the outskirts of Mogadishu, Somalia, in support of the merger of the Somali militant group al-Shabab with al-Qaida, which was announced in February by al-Qaida leader Ayman al-Zawahiri.
AP

Originally published on Tue May 1, 2012 6:16 am

A year ago Tuesday, Navy SEALs attacked Osama bin Laden's secret compound in Pakistan and may have fundamentally changed al-Qaida as we know it.

The Obama administration's top counterterrorism chief, John Brennan, spoke Monday in Washington, D.C., and seemed on the precipice of talking about the terrorist group in the past tense.

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