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DAVID GREENE, HOST:

So far this year, 25 states have ended the Extended Benefits program. That program made sure people out of work for long periods of time continued receiving financial assistance. But there was a catch: if a state's unemployment rate improved, the money would stop flowing. The fact that some states are seeing lower unemployment may seem like a good sign for the economy. It's no comfort to the people who are still out of work.

Susie An from WBEZ in Chicago has that story.

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RENEE MONTAGNE, HOST:

Good morning. I'm Renee Montagne. Eight thousand people will carry the Olympic torch before it reaches London to open the summer games, though one would-be torch barer isn't even human. He's a small red fuzzy monster.

KEVIN CLASH: (As Elmo) Elmo's ready to start training to be a monster torch-bearer. Yay. Oh, oh, Cramp, cramp.

Clouds Block Florida Crowd's View Of Venus

Jun 6, 2012

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And our last word in business this morning is: litigious days.

(SOUNDBITE OF "HAPPY DAYS" THEME SONG)

MONTAGNE: That, of course, is the theme from "Happy Days," the hit sitcom from the 1970s and '80s. These days, not everyone is so happy. Several cast members from the show are battling with CBS and Paramount, for unpaid royalties.

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DAVID GREENE, HOST:

And let's turn to the issue that is front and center this election year - the economy. Austerity measures aimed at curing Europe's debt crisis have thrown a number of eurozone countries into recession. The threat of defaults in Greece and even larger countries like Spain have rattled U.S. financial markets, and President Obama recently said that Europe's troubles are casting a shadow over the U.S. economy.

To better understand what the president is talking about, we brought in NPR economics correspondent John Ydstie.

Merrill Garbus, the woman behind the experimental folk-rock band tUnE-yArDs, wrote her song "My Country" with the state of the union on her mind. The melody resembles "My Country, 'Tis of Thee" at first but quickly veers into more chaotic territory.

Artist Takes Taxidermy To New Heights

Jun 5, 2012

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Castle In Phoenix Sells For $1.5 Million

Jun 5, 2012

Copyright 2017 NPR. To see more, visit http://www.npr.org/.

RENEE MONTAGNE, HOST:

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RENEE MONTAGNE, HOST:

And our last word in business this morning is: Jubilation.

Hundreds of thousands of Britons gathered outside Buckingham Palace last night for the Diamond Jubilee concert, celebrating the queen's 60-year reign. The evening offered a break from Britain's bad economic news and another opportunity to rebrand positively the Royal Family.

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Copyright 2014 NPR. To see more, visit http://www.npr.org/.

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