We are also following a subtler story of economic devastation, even with all the news about unemployment in Europe, this next number is hard to absorb. In Italy, among younger people, the jobless rate us close to 40 percent. The government is focused on the middle-aged and the elderly leaving little room it seems for their kids
Let's turn to another story for now: The acting head of the IRS has resigned, but is still facing questions about the agency. Lawmakers continue their probe into the federal tax agency targeting Tea Party groups seeking tax exemption.
The White House is defending itself - again - against charges that it's trampling on the First Amendment. The Justice Department obtained a portfolio of information about a Fox News reporter's conversations and visits. Obtaining this information was part of an investigation into a possible leak. A federal prosecutor said the reporter, James Rosen, had conspired in the commission of a crime. We have more from NPR's David Folkenflik.
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If you grew up in the middle of the country, you grew up around tornadoes. You hear the lore of great storms past. You learned very young how to take shelter. When a siren wails, you know just what to do. Yet, even in Moore, a suburb of Oklahoma City, people could not be entirely prepared for the devastation they faced yesterday.
Giant technology firm Apple is paying billions of dollars less than it should in U.S. taxes each year, according to a report by the Senate Permanent Subcommittee on Investigations. In a hearing Tuesday in Washington, D.C., Apple CEO Tim Cook will defend the company.
The subcommittee's report says Apple avoids the tax payments mainly by shifting profits to three subsidiary companies in Ireland. The investigation found Apple is taking advantage of technicalities in U.S. and Irish tax laws to avoid paying any tax on a huge portion of its profits.
JPMorgan Chase holds its annual shareholder meeting today in Tampa, Florida, and the shareholders will vote on a key measure: a proposal to strip the CEO, Jamie Dimon, of his other title, chairman of the board. A growing number of companies have split the CEO and chairman roles.
Shareholder activists and corporate governance experts say having a balance of power at the top helps to reduce risk. The bank and its supporters disagree. NPR's Yuki Noguchi reports.
On the night of Oct. 19, 1984, Erik Vogel was uneasy about flying. It was snowing; his plane's de-icer and autopilot weren't working; and his co-pilot had been bumped to fit one more passenger on his 10-seater. But the young pilot was behind schedule and he felt like his job was on the line, so he took off, as he did most days, shuttling between the remote communities that dot the Canadian wilderness.
Phil Jackson is famous not only for coaching stars — Michael Jordan and Scottie Pippen with the Chicago Bulls, Kobe Bryant and Shaquille O'Neal with the L.A. Lakers — but also for his distinctive "zen" approach to basketball. He introduced his teams to yoga and meditation, and regularly assigned his players books to read.