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Russian President Vladimir Putin is expressing outrage over a possible new tax in Cyprus. That Mediterranean island is far Moscow but holds billions in Russian money. It's the topic of today's Bottom-line in Business. At the heart of the uproar is a bailout of the banking system in Cyprus. In a first, the European Union is proposing to partly pay for the bailout with a tax on depositors' money.
Is a strong U.S. dollar a good thing, or is it overrated as a policy goal?
Some argue that a policy aimed at keeping the dollar strong would hurt U.S. economic growth because it would make American goods and services more expensive, lessening global demand for them. Others say having a weak and unstable unit as the basis of the economy makes commerce harder and creates financial bubbles that then burst disastrously.
Originally published on Mon March 18, 2013 1:44 pm
Americans are abandoning their long-trusted news outlets in high numbers. According to a Pew Research Center report, 31 percent of Americans say they have deserted a particular news outlet because it no longer provides the information they want.
Originally published on Mon March 18, 2013 5:08 pm
A vote in Cyprus on whether to approve a controversial bailout plan has been postponed after the prospect of the deal caused bank customers to rush to withdraw their savings and drew the ire of overseas depositors.
As NPR's Krishnadev Calamur wrote in a post over the weekend: "The money [is] needed because Cyprus' banks lost 4.5 billion euros on their Greek bond holdings, which were written down last year after Greece's second bailout."
NPR's business news starts with a hacking sentence.
(SOUNDBITE OF MUSIC)
MONTAGNE: This morning, a federal court in New Jersey is scheduled to sentence Andrew for his much-publicized exposure of a security flaw on AT&T's iPad service. That was back in 2010.
As NPR's Martin Kaste reports, the sentencing of Andrew Auernheimer will be closely watched by those who believe federal prosecutors have become overly zealous about punishing certain kinds of hackers.
A group of foreign college students who came to the U.S. on cultural work exchange visas in December have been protesting their working conditions at a McDonald's in Harrisburg, Pa. In the process, they've wading into a debate about guest workers in the U.S.
The students include Jorge Rios, who says three months ago he eagerly did the legwork necessary to get a J-1 visa, used for student work exchange.
In the U.S., we drink $200 billion worth of the hops-brewed libation annually. What many Americans might not know is that most domestic beer, 90 percent in fact, is dominated by just two companies: Anheuser-Busch InBev and MillerCoors.