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2:00am

Fri March 9, 2012
Business

Legendary Guitar Maker Fender Files For IPO

Transcript

STEVE INSKEEP, HOST:

Here's one more sales pitch for you. Today's last word in business is your chance to buy a legendary brand.

Fender made guitars held by everyone from Buddy Holly to Jimi Hendrix to Bruno Mars - and maybe even smashed by a few of them. And now Fender has filed paperwork for an initial public offering. The company is looking to raise some $200 million. This company, based in California, wants to pay down debt, and get into new markets like India and China.

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1:53am

Fri March 9, 2012
The Picture Show

Before And After: Japan's Wreckage And Recovery

Yuko Sugimoto (right) stands reunited with her 5-year-old son, Raito, on a road in Japan's Miyagi prefecture, 2012. This photo was taken at the same place where she was photographed immediately after the tsunami in March 2011.
Toru Yamanaka and Roslan Rahman AFP/Getty Images

On March 11, 2011, at 2:46 p.m. (JST) Japan changed as a nation. A magnitude 9.0 earthquake, the largest to ever hit the island nation, and subsequent tsunami claimed more than 16,000 lives. One year later, the recovery efforts continue, as does the mourning.

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10:01pm

Thu March 8, 2012
The Two-Way

Facebook Co-Founder Chris Hughes Is Buying 'The New Republic'

Originally published on Mon March 12, 2012 9:09 am

www.tnr.com

Social media meets old media:

Saying that he's convinced "the demand for long-form, quality journalism is strong in our country," Facebook co-founder Chris Hughes tells NPR's Steve Inskeep that he's buying The New Republic.

That's a magazine, as Steve says, which is four times older than its new owner. Hughes is 28.

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10:01pm

Thu March 8, 2012
Shots - Health Blog

Forget The Robots: Venture Capitalists Change Their Health Care Investments

Surgical robots like this one are wildly expensive. Before the economic troubles began, investment in such high-tech medical devices was plentiful. Now, hospitals are looking for comparatively simple solutions to cut costs: streamline medical billing and even investing in $1 catheters that can save upwards of $50,000.
Frank Perry AFP/Getty Images

It wasn't that long ago that money flowed steadily to entrepreneurs who dreamt up whiz-bang medical devices.

Hospitals souped up their surgical suites with robots or high-tech radiation machines for cancer treatment. Cost wasn't an issue: They just got passed along to insurance companies, who passed them on to employers and patients.

But after the Great Recession hit and the 2010 health law passed, the financiers behind the medical arms race started to rethink their investment calculus.

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10:01pm

Thu March 8, 2012
Rebuilding Japan

A Year On, Japan Is Still Looking For The Road Ahead

Originally published on Mon March 12, 2012 9:09 am

Members of the media, wearing protective suits and masks, visit the tsunami-crippled Fukushima nuclear power station during a press tour, in northeastern Japan's Fukushima prefecture, Feb. 28. Japan is marking the first anniversary of the March 11 tsunami and earthquake, which triggered the worst nuclear accident in the country's history.
Kimimasa Mayama AP

A year after suffering the worst nuclear accident in its history, Japan is still struggling to understand what happened at the Fukushima nuclear plant in the country's northeast.

Last week, an independent commission released a report arguing that Japan narrowly averted what could have been a far deadlier disaster and that the government withheld this information from the public.

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