NPR's business news starts with Jon Corzine out of a job.
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INSKEEP: The Wall Street veteran and former governor of New Jersey stepped down today from his latest high-powered job as chairman and CEO of the securities firm MF Global. That company filed for bankruptcy earlier this week.
Good morning. I'm Renee Montagne with congratulations to R.J. Balson and Son. The butcher shop on the south coast of England has been named Britain's oldest family-run business, and is it ever. Balson's began selling sausages and bacon in 1535 when Henry VIII was king and still married to Ann Boleyn. Twenty-five generations later, owner Richard Balson tells the Daily Mail his son will join the business next year, and that son has a son, too. It's MORNING EDITION. Transcript provided by NPR, Copyright NPR.
A cleaning woman working at the Ostwall Museum in Berlin noticed a wet stain on the floor by a modern-art sculpture. She scrubbed away the stain, not realizing it was part of the piece called, "When It Starts Dripping From the Ceiling." Back in 1986, another cleaner in Germany wiped away a grease stain valued at 400,000 euros.
Millennials cheer for Democratic presidential candidate Barack Obama at a rally in Roanoke, Va., in 2008. Young voters are poised to play a key role in choosing the next president.
Credit Jae C. Hong / AP
Genna Schwartz (left) of the Ohio State University Student Democrats tried to hand out information about President Obama's Oct. 17 visit to Ohio State and was turned down by a young man. The Obamamania that gripped college campuses two years ago is largely gone.
It felt like 2008 all over again in Philadelphia this week. A DJ played a song by the Black Eyed Peas to warm up a crowd of about 500 students from local colleges. President Obama's campaign manager, Jim Messina, exhorted the crowd at the University of Pennsylvania to volunteer, to apply for internships and, of course, to vote.
"There's 8 million registered voters who are 18 to 21 who weren't old enough to vote last time, who are going to cast their first vote, and they're going to do it for Barack Obama," Messina said. "Raise your hand if you're 18 to 21!"
A broker uses a phone in front of the main screen at the Stock Exchange in Madrid, Spain. The country's central bank recently warned of "troubled exposure" to real estate, heightening fears about the stability of Spain's banks.
With Greece in flux over whether it'll remain in the eurozone, other weak economies like Spain are feeling the heat.
The worst could be yet to come in Spain — not because of public debt, but because its banks are still laden with unpaid real estate loans, putting both the banks and the housing market in jeopardy. Real estate prices in Madrid are still high, though salaries are frozen and unemployment soars. When Ireland's housing bubble burst, prices dropped more than 40 percent. But in Spain it's an 18 percent drop on average.