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3:00am

Tue March 20, 2012
NPR Story

U.K. Considering Long-Term Bonds

Originally published on Tue March 20, 2012 7:31 am

Transcript

DAVID GREENE, HOST:

Now, one way governments raise money is by issuing bonds: you or your pension fund lend them the money, and they then pay a set amount of interest for a set amount of time, say 10 or 20 years. Well, Britain's finance minister, George Osborne, is reportedly ready to announce that the UK plans to issue a bond that only your great-grandchildren will be able to cash in. It matures in a hundred years.

Vicki Barker has this report from London.

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3:00am

Tue March 20, 2012
NPR Story

Business News

Transcript

STEVE INSKEEP, HOST:

Italy's next step in a crisis is at the top of NPR's business news.

Italian prime minister Mario Monti is trying to restructure the economy so his country has a better shot at paying its debts. Today, he sits down to negotiate with the country's powerful trade union leaders. Monti hopes to weaken legal protections that make it almost impossible to fire employees. He blames these rules for slow economic growth and high unemployment in Italy.

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3:00am

Tue March 20, 2012
Business

Settlement Is Latest Blow For Cash-Strapped Mets

Transcript

STEVE INSKEEP, HOST:

It was two outs, bottom of the ninth for the New York Mets. Facing a civil trial in federal court this week, they managed to pull off a clutch out of court settlement with a price tag of $162 million, the value of a long-term contract for a star player. The team's owners reached that deal with the trustee recovering money for victims of imprisoned financier Bernie Madoff.

But as WNYC's Janet Babin reports, any relief is tempered by the team's long-term financial struggles.

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2:49am

Tue March 20, 2012
Author Interviews

That's All, Folks: Kevin Smith On Leaving Filmmaking

Originally published on Tue March 20, 2012 9:40 am

Courtesy Penguin

When 21-year-old Kevin Smith decided he wanted to be a filmmaker, his sister gave him some advice: "Don't say you want to be a filmmaker; just be one." So he did. He made his first film, Clerks, on a shoestring, shooting at the convenience store where he worked.

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2:41am

Tue March 20, 2012
Election 2012

For A Personal Cause, Casino Owner Bets On Gingrich

Originally published on Sun March 25, 2012 8:05 am

Sheldon Adelson speaks at the 2008 "Facing Tomorrow" Presidential Conference in Jerusalem.
David Silverman Getty Images

One of the defining elements of the 2012 presidential campaign is money. Not that the candidates themselves have raised all that much; except for President Obama, they haven't. But two dozen wealthy Americans have put in at least $1 million each.

Mostly, they're a mix of Wall Street financiers and entrepreneurs. One of the biggest donors is Sheldon Adelson, a casino magnate who is worth about $25 billion.

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