Business

1:11am

Thu March 29, 2012
Around the Nation

Can A Small Town Survive Without Its Bank?

Terry Tatro and Irene Clarke stand in front of the People's United Bank branch on Main Street in Alburgh, Vt. The two feared that the bank's closing would leave a gaping hole in their community.
Sarah Harris VPR

Alburgh, Vt., is a town with unusual geography: It's on a peninsula that borders Quebec and is surrounded by Lake Champlain. Even though the town is small and isolated, its residents have always had somewhere to do their banking.

But in January, the People's United Bank branch on Main Street announced it was closing its doors. When Irene Clarke heard the news, she decided to do something about it.

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1:05am

Thu March 29, 2012
Planet Money

The $200,000-A-Year Nanny

iStockphoto.com

I met Zenaide Muneton in the offices of the Pavillion Agency in New York, which specializes in hiring house staff for some of the richest folks in the country. Muneton says she knows how to make everything fun for kids, even homework, and that's why she is one of the better paid nannies at the agency. I asked her what that means.

"It means over $150,000 a year," Muneton said.

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2:55pm

Wed March 28, 2012
The Two-Way

Despite Losses, Bank of America CEO Receives Huge Raise

Bank of America CEO Brian Moynihan.
Chuck Burton AP

Despite the fact that Bank of America lost 58 percent of its value in 2011, its CEO received a compensation package worth $7.5 million. That's a six fold increase from the year before. The AP reports that under Brian Moynihan, Bank of America also lost its title as the No. 1 bank by assets to JPMorgan Chase.

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2:50pm

Wed March 28, 2012
Crisis In The Housing Market

Spring Brings Some Green Shoots In Housing Market

Originally published on Fri March 30, 2012 12:14 pm

A recently sold home in Palo Alto, Calif. Home inventory is declining nationwide, and real estate agents say they are seeing more interest among would-be buyers.
Paul Sakuma AP

Housing prices are still declining, but many analysts see some signs for optimism in the housing market. The mild spring has brought buyers out earlier than usual, and real estate agents are busy.

Doug Azarian is one of them. One of his clients recently signed a deal on a $1.5 million house in Cape Cod, Mass. — a contemporary waterfront property with three bedrooms.

"The buyers came in, and they loved it from the minute they walked in the door," Azarian says.

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2:00am

Wed March 28, 2012
Business

The Good And Bad Of Kenya's First Oil Strike

Transcript

DAVID GREENE, HOST:

Kenya strikes oil - that was the headline in Nairobi's Daily Nation newspaper this week. It's the first time such a discovery has been made in the East African nation. Kenya's energy minister quickly held a press conference with oil company executives. Holding up a glass bottle of crude oil, he pledged to make sure that oil is a blessing for the people and not a curse.

And we're joined now by the BBC's Will Ross in Nairobi to talk about this discovery. Well, good morning.

WILL ROSS: Good morning.

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