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Business
3:48 am
Fri May 18, 2012

Hewlett-Packard Set To Layoff 30,000 People

Originally published on Fri May 18, 2012 3:49 pm

Transcript

STEVE INSKEEP, HOST:

NPR's business news starts with layoffs at HP.

(SOUNDBITE OF MUSIC)

INSKEEP: Technology giant Hewlett-Packard is poised to eliminate as many as 30,000 jobs worldwide. These cuts, though, will reportedly spare China - the company's largest source of growth, as well as its research and development divisions.

NPR's Wendy Kaufman reports.

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Asia
3:48 am
Fri May 18, 2012

Previewing New Series On Mineral-Rich Mongolia

Originally published on Fri May 18, 2012 3:49 pm

Transcript

STEVE INSKEEP, HOST:

Let's get a sneak preview, now, of a coming attraction.

(SOUNDBITE OF SONG, "BELOVED OTTER-COLORED HORSE")

INSKEEP: Mongolia is the land of Genghis Khan and nomadic herders.

(SOUNDBITE OF SHEEP)

INSKEEP: And it's also now riding a mining boom.

(SOUNDBITE OF INDUSTRIAL CRASH AND HORNS)

INSKEEP: All next week, NPR's Frank Langfitt takes us to Mongolia where the rush to extract mineral resources is transforming a nomadic culture.

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Election 2012
3:48 am
Fri May 18, 2012

GOP Group Abandons Racially Tinged Attack Ad

Originally published on Fri May 18, 2012 3:49 pm

Mitt Romney is disavowing a plan by some wealthy Republicans to attack President Obama for ties to his controversial former pastor. Even the people behind that proposal said they are abandoning it after their idea was plastered on the front page of The New York Times.

The proposal centered on the Rev. Jeremiah Wright, who was a mentor to Obama before the two parted ways during the last presidential campaign.

Republicans unaffiliated with Romney were considering spending $10 million on a racially tinged advertising campaign tying Wright to the president.

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Planet Money
2:20 am
Fri May 18, 2012

The Long, Long, Long Road To New Rules For Banks

Originally published on Fri May 18, 2012 3:49 pm

Would that big, bad JPMorgan Chase trade have violated the Volcker Rule?

It's too soon to say, despite the fact that the rule is part of a two-year-old law.

The Volcker Rule bans deposit-taking banks from making speculative bets. But it allows banks to make investments to hedge risks.

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Africa
2:18 am
Fri May 18, 2012

U.S. Serves Up New Food Security Effort In Africa

A woman refills her bucket from a well in the south of Mauritania. The Sahel region, south of the Sahara, is facing a third season of drought.
Pablo Tosco AFP/Getty Images

Originally published on Fri May 18, 2012 3:49 pm

The Obama administration is announcing a major new initiative to boost investments in rural Africa in hopes of lifting millions out of poverty. Several African leaders are in Washington, D.C., for the announcement, which comes as President Obama hosts leaders of the Group of Eight in Maryland. Food security is a key agenda item.

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