The Two-Way
8:03 am
Thu June 28, 2012

News Corp. Confirms Split; Rupert Murdoch Will Chair Both Companies

Credit Arthur Edwards / News International/Getty Images
Rupert Murdoch, chairman and CEO of News Corp., with one of his company's British tabloids.

Saying that the move will create two companies, one a "world-class" publisher and the other an "unmatched global media and entertainment" giant, Rupert Murdoch's News Corp. just confirmed it is planning to separate into two distinct units.

Murdoch, a legend in the news and entertainment businesses whose TV ventures include Fox News Channel, will "serve as chairman of both companies and CEO of the media and entertainment company," the company added.

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The Two-Way
7:42 am
Thu June 28, 2012

JPMorgan's Losses 'May Reach $9 Billion'

Credit Emmanuel Dunand / AFP/Getty Images
JPMorgan Chase & Co. headquarters in New York.
The Two-Way
7:21 am
Thu June 28, 2012

'Hell In The Rearview Mirror' As Coloradoans Flee Wildfires

Credit Chris Schneider / Getty Images
Mikke Carlson took photos of the smoke from the Waldo Canyon fire while wearing a gas mask on Wednesday in Colorado Springs, Colo.

Originally published on Thu June 28, 2012 2:27 pm

Update at 2:30 p.m. ET. Our Latest Headline:

Good News: 'Great Progress' Reported In Fighting Colorado Springs Fire.

Our original post:

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Robert Smith is a correspondent for NPR's Planet Money where he reports on how the global economy is affecting our lives.

If that sounds a little dry, then you've never heard Planet Money. The team specializes in making economic reporting funny, engaging and understandable. Planet Money has been known to set economic indicators to music, use superheroes to explain central banks, and even buy a toxic asset just to figure it out.

Smith admits that he has no special background in finance or math, just a curiosity about how money works. That kind of curiosity has driven Smith for his 20 years in radio.

Before joining Planet Money, Smith was the New York correspondent for NPR. He was responsible for covering all the mayhem and beauty that makes it the greatest city on Earth. Smith reported on the rebuilding of Ground Zero, the stunning landing of US Air flight 1549 in the Hudson River and the dysfunctional world of New York politics. He specialized in features about the overlooked joys of urban living: puddles, billboards, ice cream trucks, street musicians, drunks and obsessives.

When New York was strangely quiet, Smith pitched in covering the big national stories. He traveled with presidential campaigns, tracked the recovery of New Orleans after Hurricane Katrina and reported from the BP oil spill.

Before his New York City gig, Smith worked for public radio stations in Seattle (KUOW), Salt Lake City (KUER) and Portland (KBOO). He's been an editor, a host, a news director and just about any other job you can think of in broadcasting. Smith also lectures on the dark arts of radio at universities and conferences. He trains fellow reporters how to sneak humor and action into even the dullest stories on tight deadlines.

Smith started in broadcasting playing music at KPCW in his hometown of Park City, Utah. Although the low-power radio station at Reed College in Portland, Oregon, likes to claim him as its own.

Peggy Lowe joined Harvest Public Media in 2011, returning to the Midwest after 22 years as a journalist in Denver and Southern California. Most recently she was at The Orange County Register, where she was a multimedia producer and writer. In Denver she worked for The Associated Press, The Denver Post and the late, great Rocky Mountain News. She was on the Denver Post team that won the Pulitzer Prize for breaking news coverage of Columbine. Peggy was a Knight-Wallace Fellow at the University of Michigan in 2008-09. She is from O'Neill, the Irish Capital of Nebraska, and now lives in Kansas City. Based at KCUR, Peggy is the analyst for The Harvest Network and often reports for Harvest Public Media.

The Salt
3:25 am
Thu June 28, 2012

Unlike Chicken And Pork, Beef Still Begins With Small Family Ranches

Originally published on Thu June 28, 2012 7:47 pm

In the chicken and pork industries, nearly every aspect of the animals' raising has long been controlled by just a handful of agriculture conglomerates. But the cattle industry is still populated by mom-and-pop operations, at least at the calf-raising level.

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Asia
3:17 am
Thu June 28, 2012

Amid Fierce Debate, Japan To Restart Nuclear Plants

Originally published on Thu June 28, 2012 12:34 pm

After taking all 50 of its nuclear reactors offline following a devastating accident last year, Japan is planning to restart the first of two of them in western Fukui prefecture as early as Sunday.

The catastrophe at the Fukushima Dai-ichi nuclear plant in March 2011 forced Japan to scale back plans to aggressively expand its nuclear energy sector. But the highly controversial move to restart the two reactors on the other side of the country is a sign that the nuclear power lobby isn't throwing in the towel yet.

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Middle East
3:17 am
Thu June 28, 2012

In A Syrian Souk, Support For The Regime Falters

Originally published on Thu June 28, 2012 8:25 pm

In Syria's capital, Damascus, the Hamidiyah souk is a landmark — a centuries-old covered market linked to a maze of alleyways in the heart of the capital. Over the 15-month uprising, Syria's merchants have supported the regime of President Bashar Assad. But that support is crumbling.

Shops selling everything from cold drinks, ice cream and spices to wedding dresses and electric guitars line Hamidiyah's cobblestone streets.

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Planet Money
3:16 am
Thu June 28, 2012

Going Public Is A Hassle

Credit Richard Drew / AP
Meh.

Originally published on Wed July 11, 2012 5:09 pm

Here's a classic story of how a multimillion-dollar company gets started.

A young guy named Seung Bak is on a trip to China. He gets back to his hotel room late one night and turns on the TV.

"I'm flipping through channels, and in the middle of China they are showing Korean dramas all around the clock," Bak says.

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The Two-Way
7:02 pm
Wed June 27, 2012

In Settlement, FCC Says Comcast Will Pay $800K, Extend Stand-Alone Internet Offer

Credit Gene J. Puskar / AP
A Comcast logo is seen on a Comcast truck in Pittsburgh in 2011.

The Federal Communications Commission and Comcast-NBCU came to an agreement today over charges that the cable company had not adequately advertised its affordable Internet-only plans.

Providing data-only plans and making sure customers knew they were available was one of the conditions set by the FCC when it approved the NBC/Comcast merger in 2011.

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