Originally published on Tue October 16, 2012 9:41 am
Vikram Pandit, the chief executive officer of Citigroup, has stepped down, the company's board announced today.
"The Board also announced it has unanimously elected Michael Corbat CEO and a director of the Board," Citigroup said in a statement. "Mr. Corbat previously served as Citigroup's CEO of Europe, Middle East and Africa."
After a zinger of a vice presidential debate last week, the bosses have a lot to live up to tonight. Just in case you haven't been paying attention: President Obama and former Gov. Mitt Romney face off in the second of three presidential debates.
It starts at 9 p.m. at Hofstra University in Hempstead, N.Y. The town-hall style debate will be moderated by CNN's Candy Crowley.
After what has been universally called a strong Romney victory during round 1, the spotlight is on Obama.
Originally published on Wed October 17, 2012 11:49 am
Usually when we talk about the Fed printing money, we're speaking metaphorically. Most money the Fed "prints" these days isn't actually currency; it's just an electronic representation showing that somebody has a certain amount of money in their account.
But the government does still print actual, physical bills. This doesn't really have anything to do with monetary policy or the deficit or anything like that. We're just weirdly fascinated by it.
Yesterday, a federal judge dismissed a lawsuit brought by Christopher Johnson and Nathaniel Claybrooks, two black men who had auditioned for The Bachelor, who claimed that the show discriminates against people of color both in choosing the primary bachelor/ette and in choosing the people he or she will have to choose from.
Good morning. I'm Renee Montagne. Nearly 700 years after he ruled the Mali Empire, King Mansa Musa has been awarded the title of richest person in history. Personal fortune: $400 billion. That's according to a new inflation-adjusted list compiled by Celebrity Net Worth. West Africa's salt and gold were the source of Musa's great wealth, which he used to build magnificent mosques. More modern names on the list: The Rothchilds and John D. Rockefeller. It's MORNING EDITION. Transcript provided by NPR, Copyright National Public Radio.
Louise Erdrich's debut novel, <em>Love Medicine</em>, won a National Book Critics Circle Award in 1984. Her other books include <em>The Last Report on the Miracles at Little No Horse</em> and <em>The Plague of D</em>oves<em>.</em>
I've devoted many hours in my life to reading, and among these hours many of them belong to the creations of novelist Louise Erdrich. In more than a dozen books of fiction — mostly novel length — that make up a large part of her already large body of work, Erdrich has given us a multitude of narrative voices and stories. Never before has she given us a novel with a single narrative voice so smart, rich and full of surprises as she has in The Round House. It's her latest novel, and, I would argue, her best so far.
NPR's business news starts with some shopping season indicators.
Black Friday, the height of the holiday shopping season, is a month and a half away but companies are already announcing significant seasonal hiring plans. The National Retail Federation says it expects strong holiday sales this year. Today, Amazon announced it is hiring 50,000 workers, thousands of whom it says, it will keep on after the holidays.
Snoop Dogg — who announced his reincarnation as Snoop Lion over the summer — is the newest spokesman for the microwaveable processed turnovers. In 2004, he had a hit, "Drop It Like It's Hot." Now he sings "Pocket Like It's Hot."
Veterans applaud at an Oct. 8 campaign event in Swanton, Ohio, for Republican vice presidential candidate Paul Ryan. Health care and unemployment are among veterans' chief concerns this election season, and both the Obama and the Romney campaigns have offered solutions.
Military veterans across the country have a whole range of concerns this election season, from the high rate of suicide to special challenges for female vets. But like everyone else, they're especially concerned with health care and jobs.
The nation's obligations to some 2 million veterans of Iraq and Afghanistan pose a challenge for the next commander in chief. Unemployment for post-Sept. 11 vets is about 2 percentage points worse than the national average, and veterans want solutions.
In Turkey's southern Hatay province, it is harvest time — the second harvest since the uprising began in neighboring Syria.
In the village of Hacipasa, Turkey, located right along the Syrian border, children play alongside tents on the edge of the farm fields. The tents belong not to Syrian refugees, but to Turkish farmworkers helping to bring in the cotton, tomatoes, peppers and pomegranates waiting to be harvested.
In America, vineyards are usually tucked in out-of-the-way rural areas, among country lanes. But in France, where great wine is a way of life, vineyards are everywhere — even in the middle of the country's biggest city.
High on the hills of the neighborhood of Montmartre in Paris is Clos Montmartre, the city's last working vineyard.
In many American communities, buying a home is now less expensive than renting. And with the economics tilting in favor of homeownership, many first-time buyers are jumping into the market.
After eight years of renting, Kitsy Roberts and her husband, Janko Williams, are practically giddy about their new Seattle home. And like proud parents, they are eager to show it off, from its historic details to its fresh paint.
Cuban President Fidel Castro replies to President Kennedy's naval blockade via Cuban radio and television on October 23, 1962. Kennedy enacted the blockade in response to the deployment of Soviet nuclear weapons in Cuba.
The small town of Bejucal, 20 miles south of Havana, looks much as it did in October 1962. Horse carts carry passengers and fresh-cut green bananas through narrow streets lined with pastel-colored homes.
The sleepy town doesn't seem like the kind of place to put an arsenal of nuclear weapons. But a military bunker here was the biggest storage depot on the island for the Soviet nuclear weapons 50 years ago.
In late summer 2010, at the end of a morning briefing, one of President Obama's security advisers said, "Mr. President, Leon and the guys at Langley think they may have come up with something." The adviser was referring to then-CIA Director Leon Panetta, and to a possible lead on the country's most wanted terrorist: Osama bin Laden.
Jason Lytle is the man behind the Modesto, Calif., band Grandaddy. The band released its debut in 1997, but it was Grandaddy's second album — The Sophtware Slump — that broke through with critics and fans. Even David Bowie called himself a fan when he approached the band members after seeing them play.