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NPR

In The Hills Of Rio, Shantytowns Get A Makeover

Rio de Janeiro, which is hosting soccer's World Cup in 2014 and the Olympics in 2016, is trying to remake its hundreds of favelas. The hillside slums were in the grip of drug traffickers just two years ago, but now new services and companies looking for opportunities are arriving — along with some middle-class Brazilians.
NPR

MF Global A U.S. Casualty Of EU's Debt Crisis

MF Global, the securities firm run by former New Jersey Governor Jon Corzine, was forced to file for bankruptcy protection Monday. The company, at Corzine's urging, made big investments in European sovereign debt. Those bets turned out to be losers. Analysts don't believe MF Global is a harbinger of bad things to come. It was much more exposed to European debt than most U.S. financial companies. Zoe Chace reports for NPR's Planet Money.
NPR

Greek Referendum Could Jeopardize Bailout Deal

Greek Prime Minister George Papandreou says he will ask the public to vote in a referendum on last week's European debt deal. His surprise announcement could throw a wrench into the bailout agreement. The bankers holding Greek debt agreed to accept losses on Greek bonds on the assumption that the country would carry out austerity measures. For the latest, Steve Inskeep talks with reporter Joanna Kakissis in Athens.
NPR

Somali Militants Vow Payback For Kenya's Offensive

Kenya's government launched an incursion into Somalia last month in what it calls a campaign to drive the al-Shabaab militants out of Somalia. The al-Qaida-linked Islamist group responded by warning that Kenyans would "taste fire" for their government's actions.

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