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Asia
2:00 am
Thu March 15, 2012

China Removes Flamboyant Politician From Post

Chongqing Municipality Communist Party Secretary Bo Xilai leaves after the third plenary meeting of the National People's Congress at The Great Hall of the People in Beijing on March 9. Bo had been seen as a leading contender to access the top rungs of power in China, but in a dramatic reversal of fortune, he was sacked Thursday amid a rare public scandal.
Feng Li Getty Images

In a moment of high political drama, China has removed flamboyant politician Bo Xilai from his post as party secretary of the major southern city of Chongqing. The sacking comes as Beijing approaches a once-in-a-decade power transition this fall, offering a glimpse of the Machiavellian political struggle behind the scenes.

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Business
2:00 am
Thu March 15, 2012

Business News

India must cut back its imports on Iranian oil by June 28 or face U.S sanctions. A new law targets Iran's central bank, which is used for oil transactions, and it penalizes foreign countries that ignore the sanctions.

Business
2:00 am
Thu March 15, 2012

Spain Granted Time To Comply With EU Budget Rules

Transcript

RENEE MONTAGNE, HOST:

And after the latest financial bailout of Greece, Europe is now worried more about Spain. That country has also been overspending for years, in violation of EU budget rules.

To look at the implications, Lauren Frayer brings us this report from Madrid.

LAUREN FRAYER, BYLINE: Before the ink was dry on a new European fiscal pact, Spain was already asking for a pass. Its deficit last year was nearly triple what EU rules allow.

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Business
2:00 am
Thu March 15, 2012

Oil, Gas Drillers In Ohio Face Higher Taxes

Originally published on Thu March 15, 2012 3:22 pm

Transcript

STEVE INSKEEP, HOST:

Tax hikes and tighter regulations are in store for gas and oil drillers in Ohio, if the governor has his way.

Yesterday, Republican John Kasich called for sweeping changes and stricter controls in handling the state's shale gas boom.

Tim Rudell, of member station WKSU, reports Kasich is normally anti-regulation but is making an exception.

TIM RUDELL, BYLINE: Governor John Kasich told oil and gas companies to show him the money.

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Business
2:00 am
Thu March 15, 2012

The Last Word In Business

Transcript

RENEE MONTAGNE, HOST:

And today's last word in business is: barbershop battle.

Barbers and beauticians are splitting hairs over the swirling red, white and blue striped pole that traditionally stands outside a barber shop. Barbers in several states are pushing legislation to prevent shops without a licensed barber from using the striped pole.

Many hair stylists say that they offer the same services as a licensed barber. But barbers say there are differences. For instance, only they can give shaves with a straight razor.

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