Good morning. I'm Steve Inskeep with congratulations to James Peterson who sought the world record for fist pumping. Yes. Mr. Peterson made this gesture of triumph for 16 hours. The Akron Beacon Journal says to maintain proper form he super glued his hand into a clenched fist. Yes. A video crew recorded this feat and sent it to the Guinness World Record people. If they do not accept the record we hesitate to think what gesture Mr. Peterson will try next. It's MORNING EDITION. Transcript provided by NPR, Copyright National Public Radio.
The town of Stevenage, England, 30 miles north of London, was once a small patch of farmland with a few thousand people. After World War II, the British government created a massive planned community there and hoped it would become a model for public housing for the world.
Gary Younge is a writer for the Guardian newspaper. He grew up in Stevenage and found it to be a mixed blessing. Younge wrote an essay about it for the spring issue of the literary magazine, Granta. We began our conversation by asking him to read us a passage.
This is MORNING EDITION from NPR News. Good morning, I'm David Greene.
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And I'm Steve Inskeep.
A news item last weekend reminded us that we live in a largely peaceful country right next door to a country at war with itself. In northern Mexico on Sunday, authorities found the bodies of 49 people. They were left on a highway outside Monterrey about 75 miles from Texas. They are described as victims of the Zetas crime syndicate. And the dumping of bodies like this is not unusual in Mexico.
The fact-checking organization PolitiFact looked into a shocking claim in a political ad. The ad said 85 percent of recent college graduates are moving back in with their parents. There was a reason for the ad to make that claim. PolitiFact found that 85 percent figure has been repeated by CNN, the New York Post, U.S. News, and more news organizations. The number fits the notion of a boomerang generation, thrown back home by the economy.
And let's turn our attention now north of the border to Canada. New austerity programs are creating the kind of unrest we most often associate with Europe these days. In the Province of Quebec, a plan to hike university tuitions by 75 percent over the next five years has led to weeks of violent street rallies, often involving tens of thousands of students and protestors.
California Governor Jerry Brown wants to convince voters to accept two things they don't like: higher taxes and deep spending cuts. The Democrat proposed a budget yesterday which would only be the start of the pain. The other part would come in November with a ballot measure to raise taxes and spare education. Capital Public Radio's Ben Adler reports from Sacramento.
NPR's business news starts with a price hike for Facebook shares.
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INSKEEP: OK, they're not even on sale yet, but investor excitement over Facebook's upcoming initial public offering has prompted the company to raise the price range for its shares. Sources say the new range will be from $34 to $38 per share. That's up from a previous range of $28 to $35.
It's MORNING EDITION from NPR News. Good morning. I'm Steve Inskeep.
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And I'm David Greene.
JP Morgan Chase has long had the reputation of being one of the better managed big banks in the country. So how did it make a $2 billion blunder and what does it tell us about banking today, nearly five years after the onset of the financial crisis? When such questions are looming, we often turn to David Wessel, economics editor of The Wall Street Journal.
When Adam Spiegel rolls down the metal security doors at his Medford, Ore., store, a painting becomes visible. Officials told him to clean the graffiti or be fined. He tells the Mail-Tribune it's not graffiti: it's a mural. Some onlookers think the painting resembles a giant bong.
NPR's business news starts with a Mother's Day shakeup.
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INSKEEP: Yahoo says its CEO, Scott Thompson, is out, after a shareholder revealed an in accuracy on his resume. Mr. Thompson had claimed that he held two college degrees. In fact, he only had one. Thompson's resignation is a victory for an activist hedge fund that has been pressing for a shakeup in how Yahoo is run.