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Business
2:39 am
Fri July 20, 2012

Business News

Originally published on Fri July 20, 2012 12:42 pm

Transcript

RENEE MONTAGNE, HOST:

NPR's business news starts with a recall from Ford.

(SOUNDBITE OF MUSIC)

MONTAGNE: A recall from Ford Motor Company comes with a strong and unusual message. If you own a certain 2013 model of the Ford Escape, the company says stop driving it. Ford issued this warning yesterday and said dealers will come pick up the SUVs from owners and drop off a loaner car.

Business
2:39 am
Fri July 20, 2012

GM Retirees Face Friday Pension Deadline

Originally published on Fri July 20, 2012 12:42 pm

Transcript

STEVE INSKEEP, HOST:

You've got to escape from your Escape.

Now, today is an important day for more than 40,000 salaried retirees of General Motors. They're facing a major financial decision. This evening marks the deadline for accepting a pension buyout.

Michigan Radio's Tracy Samilton explains.

TRACY SAMILTON, BYLINE: The GM retirees have two choices: either take a lump-sum payment - which can range from 400,000 to $800,000 - or their pensions will be shifted from GM's books to the private insurance company Prudential.

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Economy
2:39 am
Fri July 20, 2012

Tough Austerity Plan Incites Spanish Protesters

Originally published on Fri July 20, 2012 12:42 pm

Transcript

RENEE MONTAGNE, HOST:

In Spain, hundreds of thousands demonstrated in scores of cities yesterday, protesting austerity measures meant to pull the government out of the red. Sales tax is going up, and civil servants are taking pay cuts. All this as Europe readies a bailout of Spain of up to $125 billion.

Lauren Frayer reports from Madrid.

(SOUNDBITE OF CHANTING)

LAUREN FRAYER, BYLINE: About 100,000 Spaniards flooded Madrid's center once the sun went down on another 100-degree day.

(SOUNDBITE OF AIR CANNONS)

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Planet Money
1:44 am
Fri July 20, 2012

Public Pensions Are About To Look Less Healthy

Originally published on Sat July 21, 2012 9:06 am

The health of public pension plans — the retirement plans for teachers, firefighters, police officers and other state and local governments — has gotten plenty of attention lately.

Some plans are hurting, and numbers from state and local governments suggest their public pension plans are underfunded by about $1 trillion.

But that gap between what they owe and what they have on hand today is about to look bigger — much bigger, in some cases.

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The Veepstakes
1:41 am
Fri July 20, 2012

Jindal's Story Intrigues, But Can It Get Him A VP Nod?

Louisiana Gov. Bobby Jindal speaks during the 2011 Republican Leadership Conference in New Orleans.
Justin Sullivan Getty Images

Originally published on Fri July 20, 2012 12:42 pm

Mention Louisiana Gov. Bobby Jindal, and a lot of people still remember his 2009 Republican response to President Obama's first address to Congress. In a voice often compared to Kenneth the Page on 30 Rock, Jindal addressed viewers across the nation as if they were primary school students.

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