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Report: Austerity Measures Hurt Job Market

The International Labor Organization issued a report Monday warning that austerity measures imposed in many countries are hurting the job market, as well as failing to effectively reduce deficits. The major European economies received the brunt of the report's criticism. The report predicts a 3 percent rise in the global unemployment rate for 2012.
NPR

Japan To Open Tallest Free Standing Tower

The structure will open in Tokyo next month. The building is nothing but a tower of steel and concrete — no offices, no apartments.
NPR

Regulators Eye Verizon's Proposed Airwaves Deal

Verizon Wireless announced plans last year to auction off some of its wireless spectrum, if federal regulators signed off on its plan to buy a $3.6 billion chunk of airwaves from cable companies. Public interest advocates say the deal would be bad for consumers. The FCC and Justice Department are reviewing the deal.
WAMU 88.5

Virginia Begins Food Drive On Memorial Day

Virginia's statewide food drive will run from Memorial Day to July 4.

NPR

Auto Manufacturing Gears Up For Chinese Consumers

The Beijing auto show opened to the public this weekend in what is now the world's largest car market. But it's the huge potential growth in car ownership in China that has the car manufacturers salivating. Ford plans to expand its manufacturing base there and General Motors recently announced it was adding another 600 dealerships. NPR's Frank Langfitt joins guest host David Greene from Shanghai.
NPR

Mixed Signals: Weaker Growth, Higher Profits

The U.S. economy's growth slowed in the first three months of the year. Consumers spent more than expected, but companies invested less in new equipment even though profits were surprisingly strong. Economists say businesses need to grow more to drive the economy forward.

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