Steve Inskeep talks to Steve Coll about his new book, Private Empire: ExxonMobil and American Power. In it, Coll delves into the business model of one of the country's largest and most profitable corporations. He explores how the Exxon Valdez oil spill in 1989 shaped the culture at the company for years to come.
North Dakota, which is in the midst of an oil boom that has filled government coffers, is considering property tax legislation that would cut taxes by $812 million a year, according to the state Tax Department.
Last night at the Sotheby's auction house in New York, there was something to scream about. Our last word in business is: "The Scream."
STEVE INSKEEP, HOST:
As we reported yesterday, the Expressionist masterpiece by Edvard Munch went up for sale. There are four versions of this composition, but just one had been privately held by an heir of one of Munch's patrons.
Bolivia and Argentina's nationalization of Spanish companies hasn't gone over well in Madrid. Spanish officials say Bolivia and Argentina will pay the price in the long run, as investors become weary of doing business if their assets could ultimately get seized.
NPR's business news starts with control of the energy.
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GREENE: In South America, a shift towards political populism has led to the nationalism of an oil company in Argentina and an electricity provider in Bolivia. Both of the companies seized are Spanish. The nationalizations are hitting Spain during a time of deep economic crisis. And as we'll hear in a few minutes from reporter Lauren Frayer, they sparked a lot of anger in Spain.
A member of the Golden Dawn far-right political organization takes part in a demonstration in Peraia, a suburb outside Thessaloniki, on April 26. Some polls indicate that in the national elections May 6, Golden Dawn may surpass the 3 percent threshold needed to enter Parliament.
A Nazi-style poster with a Celtic cross replacing the swastika is displayed on the wall as Golden Dawn candidate Giorgos Germanis (right) and an unidentified man are seen at a party office in the suburban town of Artemis, east of Athens.
Reeling from a vicious financial crisis that has cost them pensions and jobs, Greeks have been turning away in droves from the mainstream politicians they feel have let them down. Here, a member of the far-right Golden Dawn party hands out election pamphlets in Artemis on April 26.
Greeks go to the polls Sunday in a climate of intense voter anger at the politicians they blame for turning their country into an international economic pariah. Protest votes could fill Parliament with an array of new parties, and most surprising is the growing popularity of the xenophobic Golden Dawn, which espouses a neo-Nazi ideology.