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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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STEVE INSKEEP, HOST:

Tax hikes and tighter regulation are in store for gas and oil drillers in Ohio, if the governor there 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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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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RENEE MONTAGNE, HOST:

This is MORNING EDITION from NPR News. I'm Renee Montagne.

STEVE INSKEEP, HOST:

And I'm Steve Inskeep. Good morning.

Defense Secretary Leon Panetta is meeting with Afghan President Hamid Karzai Thursday. A U.S. soldier is accused of killing 16 Afghan civilians in Kandahar on Sunday. The incident has raised questions about the future of the U.S. mission in Afghanistan.