National / International News

Weekly Wrap: GDP and Greece

Marketplace - American Public Media - Fri, 2015-06-26 11:47

 Catherine Rampell from the Washington Post and Fusion's' Felix Salmon join Kai to talk about the week's business and economic news. The big topics this week: GDP, consumer spending, Greece's financial situation and the country's relationship with the eurozone. 

Greece calling for referendum on bailout

Marketplace - American Public Media - Fri, 2015-06-26 11:45

Greek Prime Minister Alexis Tsipras is taking it to the people.

In a speech late Friday evening, Tsipras said he's going hold a referendum on a bailout deal July 5. 

It's not quite clear which bailout package will be up for a vote, or whether the meetings scheduled for this weekend in Brussels are still going to happen.

Farmer fails to demolish 'castle'

BBC - Fri, 2015-06-26 11:23
A farmer who built a mock-Tudor castle without planning permission fails to demolish it despite a court order.

Five Britons among Tunisia attack dead

BBC - Fri, 2015-06-26 11:21
At least five Britons are among 37 people believed dead after an attack on a beach near the popular Tunisian resort town of Sousse.

The Libertines surprise Glastonbury

BBC - Fri, 2015-06-26 11:14
The Libertines play the Glastonbury Festival after being revealed as the "secret" guests who are performing before Florence and the Machine.

Spain trip just for bonding - Cook

BBC - Fri, 2015-06-26 11:09
England captain Alastair Cook says the 14-man squad will not hold batting practice on the four-day training trip to Spain.

N.Y. Prison Escapees Believed Headed To Canada

NPR News - Fri, 2015-06-26 11:02

Police say more evidence of the pair has been found in an area of upstate New York about 10 miles from the border and some 30 miles from the prison they broke out of.

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Opportunity in America: Then and now

Marketplace - American Public Media - Fri, 2015-06-26 10:46

When you think of postwar America, you might think about unending opportunity and limitless optimism. Were things really as rosy as they seemed back then? And what about now? Is America still an economic promised land?

David Lazarus took these questions to Peter Cappelli, a professor of management at the University of Pennsylvania's Wharton School who's studied the periods at length.

GB narrowly miss out on quarters

BBC - Fri, 2015-06-26 10:40
Great Britain miss out on a quarter-final place on goal difference in the IHF Emerging Nations tournament.

A Wrap-Up Of Same-Sex Marriage's Big Day At The High Court

NPR News - Fri, 2015-06-26 10:37

David Greene of Morning Edition reviews the day's events at the Supreme Court, where a landmark ruling effectively legalized same-sex marriage across the country.

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Pharmacist rejects creditors' prescription for Greece

Marketplace - American Public Media - Fri, 2015-06-26 10:36

As he dispenses his pills and powders in his pharmacy in Athens, Giannis Dagres is counting the primary cost of his country’s economic crisis: a severe shortage of drugs.

“Almost every category of drugs: antibiotics, drugs for high blood pressure, vaccines for children. We’re running short of almost everything," he says.

Supplies are dwindling because the government has been forced to cut spending on health care. Dagres admits that the shortages make him ashamed of Greece, a nation that “claims to be a developed country.”

Drug shortages are not the only challenge Dagres is facing. Greece’s  international creditors want to scrap the pharmacists’ current monopoly that gives them the sole right to sell over-the-counter drugs like aspirin and painkiller paracetamol. Supermarkets and other outlets aren’t allowed to. The creditors call this blatant protectionism. Pharmacist Lefteris Marinos disputes the negative connotation.   

“Protectionism means protecting something, and in this particular case it means protecting the health of the Greek people," Marinos says.

He argues that a pharmacist should always be on hand to ensure that it’s safe for a particular customer to take aspirin. But Nikolaos Haritakis, professor of economics at Athens University, doesn’t buy that.

“ Nonsense! It’s a … stupidity!” he says, laughing. “This is pure protectionism and totally detrimental to society."

It’s  not just economists who say that.  Dr. Dimitrios Papadimitriadis, a psychiatrist and a health economist, agrees that the pharmacy regulations must be loosened and that foreign pharmacy chains — currently banned — should be allowed to operate in Greece.

“I think the patient would be better off if the competition was actually working, because drug  prices will be lower,” Papadimitriadis says.  

 Darges points out that Greece has many more pharmacy shops per capita than all other European countries. He argues that foreign takeovers would cut the number and that remote rural areas would suffer. He accuses the creditors of neo-colonialism.

“Every time the foreigners come here, the first thing they say, "We want privatizations. Because they want to come and get our assets so they want us to work for them, as a colony,” he complains.  

But without the creditors’ help, and that help is conditional, Greece could be booted out of the eurozone.  Any new currency would plummet. The cost of imported drugs — and most of them are imported in Greece — would soar. More woe for the pharmacist … and his customers.   

Ken Cuccinelli: Same-Sex Marriage Decision 'Ripped From The States'

NPR News - Fri, 2015-06-26 10:35

The former attorney general of Virginia comments on Obergefell v. Hodges, the Supreme Court decision that legalized same-sex marriage in all 50 states.

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Mapping The Impact Of The Obergefell Decision On States

NPR News - Fri, 2015-06-26 10:32

For a look at the Supreme Court ruling's effect on the states, David Greene turns to NPR's Danielle Kurtzleben, who lays out which states had banned same-sex marriage prior to the ruling.

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A Farmer's 2nd Look At Same-Sex Marriage: High Court Ruling Is 'Great Thing'

NPR News - Fri, 2015-06-26 10:17

Morning Edition spoke to North Dakota farmer Edd Goerger about same-sex marriage recently. At that point, he'd expressed ambivalence; now, David Greene gets Goerger's take on Friday's big ruling.

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Leicester to sign striker Okazaki

BBC - Fri, 2015-06-26 10:12
Leicester City are set to sign Japanese striker Shinji Okazaki from German side Mainz, subject to a work permit.

London could bid for Tour de France

BBC - Fri, 2015-06-26 10:11
The Tour may return to London in 2017 after Mayor Boris Johnson's office said it is in talks to stage a section of the race.

VIDEO: Taking a lap in a £1.5m Aston Martin

BBC - Fri, 2015-06-26 10:06
The BBC's Emma Simpson is taken for a spin in Aston Martin's new £1.5m supercar, the Vulcan.

From Ice Cream To Ian McKellen: Reactions To Same-Sex Marriage Ruling

NPR News - Fri, 2015-06-26 10:04

There was jubilation among supporters of same-sex marriage after the Supreme Court declared it legal in all 50 states. We've rounded up some of the best reactions.

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From Ice Cream To Ian McKellan: Reactions To Same-Sex Marriage Ruling

NPR News - Fri, 2015-06-26 10:04

There was jubilation among supporters of same-sex marriage after the Supreme Court declared it legal in all 50 states. We've rounded up some of the best reactions.

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Ghana FA contests 'ball boy' report

BBC - Fri, 2015-06-26 10:02
The Ghana FA says it will launch a legal challenge into a World Cup report that said $100,000 was paid to a "ball boy".