Italy has a public debt of nearly 2 trillion euros, and it's cracking down on its notoriously wily tax evaders. Owners of luxury yachts are a prime target, with tax police launching dockside raids to see how individual tax files line up with owning and maintaining an expensive boat.
But yachts are mobile assets. In response, many boat owners are simply weighing anchor and setting course for more tax-friendly Mediterranean marinas.
Mitt Romney made his big VP announcement this morning in Norfolk, Virginia, and that, of course, is no coincidence. Virginia is one of the swing states. And in this year's presidential race, and both the Romney and Obama campaigns, have been heavily targeting voters in that state for months. Joining us now, is Larry Sabato. He is the director of the University of Virginia's Center for Politics, and he's on the line from Charlottesville. Larry Sabato, welcome.
For more on Mr. Romney's choice of a running mate, we're joined in the studio by NPR's Washington editor Ron Elving and NPR's national political correspondent Don Gonyea.
Now, we just heard from congressman Chris Van Hollan of Maryland, who's a Democrat. He told us that the choice that Mr. Romney made tells independent voters to, quote, "take a hike." How do you think that this choice affects independents and undecided voters? You want to start, Ron?
This is WEEKEND EDITION from NPR News. I'm Linda Wertheimer. We are following the big political story this hour. Mitt Romney has announced the other half of his ticket, congressman Paul Ryan of Wisconsin. He's been a champion of conservative fiscal principles as chairman of the House Budget Committee. Let's listen to Paul Ryan from an interview with NPR in May of 2012, shortly after he released his first budget.