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NPR

Spain's Industrial Output Falls In April

Spanish factory and mine production had its worst month in more than two years — dropping by more than 8 percent. Spain is in its second recession since 2009, and eurozone nations are concerned its troubled banks might need a capital boost. This anxiety is causing headaches for banks in Germany. Six German banks had their credit ratings cut by Moody's Wednesday.
NPR

European Debt Woes Cast Pall Over U.S. Economy

Austerity measures aimed at curing Europe's debt crisis have thrown a number of eurozone countries into recession. The threat of default in Greece, and in even larger countries like Spain, rattled U.S. financial markets. President Obama recently said the troubles in Europe are casting a shadow over the U.S. economy.
NPR

Why Does The Mortgage-Interest Tax Deduction Still Exist?

If you own a home in the U.S., if you have a mortgage, you can deduct the interest you pay on that mortgage from your taxes. It's a popular, well-entrenched policy. But according to one policy adviser in Washington, "the mortgage-interest deduction ... makes no sense."
NPR

Apple To Google Maps: We Have Our Own App For That

A report in the Wall Street Journal says Apple may soon replace Google's popular Maps app as the iPhone default with its own mapping application. The move has broad implications for the multibillion-dollar smartphone market.
NPR

How Accurate Is Obama's Attack On Romney's Jobs Record?

A new Obama campaign ad says Massachusetts had one of the country's worst economic records by the end of Mitt Romney's term as governor in 2007. But the Romney campaign says the overall unemployment rate was still very low. Can both campaigns be right?
NPR

Apple, Google Battle Over Mobile Maps

Audie Cornish talks about the escalating war with mobile maps between Google and Apple with Jessica Vascellaro, senior technology reporter for The Wall Street Journal.
NPR

Growing Economic Inequality 'Endangers Our Future'

In The Price of Inequality, Nobel Prize-winning economist Joseph Stiglitz argues that widely unequal societies don't function effectively or have stable economies. Even the rich will pay a steep price if economic inequalities continue to worsen, he says.

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