Finance

5:03am

Wed May 2, 2012
Business

Business news

Originally published on Wed May 2, 2012 5:59 am

Transcript

DAVID GREENE, HOST:

NPR's business news starts with falling profits for UBS.

(SOUNDBITE OF MUSIC)

GREENE: Suisse Bank UBS announced today that their profits fell 54 percent in the first quarter of this year. The drop is blamed on a decrease in investment banking income, and also because of an accounting charge on its debt.

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12:49am

Fri April 27, 2012
Planet Money

When Should A Country Abandon Its Own Money?

Originally published on Mon May 7, 2012 10:16 am

Enough already with the krona?
Jesse Garrison Flickr

Iceland is a tiny nation in a big financial mess. It's still recovering from the aftermath of the 2008 global economic crisis, which caused a domestic banking collapse.

Its currency, the krona, is also in really bad shape. That's led Icelanders to pose an existential currency question: Should they abandon the krona?

One key problem is size. Iceland has about as many people as Staten Island, so there just aren't that many people on the planet who need to use the krona.

"There are more people using Disney dollars," says Arsaell Valfells, an Icelandic economist.

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1:29am

Tue April 24, 2012
Family Matters: The Money Squeeze

Preparing For A Future That Includes Aging Parents

Originally published on Wed May 23, 2012 8:52 am

Natasha Shamone-Gilmore (right) attends church with her husband, Curtis Gilmore (center), and her father, Franklin Brunson, 81. Shamone-Gilmore moved Brunson into her Capitol Heights, Md., home after he developed dementia.
Kainaz Amaria NPR

Planning a wedding is exciting.

Mapping out a vacation is fun.

Figuring how to afford care for your confused, elderly father? That one may never cross your mind — at least, not until you need more money to care for him.

"Never thought about it," Natasha Shamone-Gilmore, 58, says about her younger self. "Never ever."

She thinks about it a lot these days. Shamone-Gilmore, a computer trainer in Maryland, now shares a modest home with her husband, 24-year-old son and 81-year-old father.

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9:28am

Mon April 23, 2012

1:31am

Thu April 19, 2012
Planet Money

Why Lobbyists Dodge Calls From Congressmen

Originally published on Fri April 20, 2012 8:36 am

"You spend most of your time dodging calls." - Jimmy Williams, former lobbyist
Courtesy of Jimmy Williams

This story is part of our series on money in politics.

We imagine the lobbyist stalking the halls of Congress trying to use cash to influence important people. But it doesn't always work that way. Often, the Congressman is stalking the lobbyist, asking for money.

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