The average caregiver is 49 years old. Cheryl Matheis, senior vice president for policy at AARP, tells Steve Inskeep when a worker has to leave their job to care for a relative, they lose on average $325,000 in lifetime income — from lost wages, Social Security and pensions.
It's MORNING EDITION from NPR News. I'm Steve Inskeep.
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And I'm David Greene. Over the course of more than 60 years in the media business, Rupert Murdoch has earned a reputation as a blunt-spoken businessman who comes out swinging. Well today, British parliamentarians didn't pull their punches against him. They released the findings of an investigative panel that spent months looking into the illegal phone-hacking practices at Murdoch's News of the World, the now-closed British tabloid.
NPR's business news begins with more job cuts at Bank of America.
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INSKEEP: The Wall Street Journal reports that the nation's second-largest bank is planning about 2,000 layoffs at its investment banking, commercial banking and wealth management units. These cuts are notable because they include high-earning employees in operations that account for most of Bank of America's profits since the financial crisis.
South Sudan is the country that voted to break away from Sudan. They've been jostling for control of border zones, including oil fields. And just as the two sides were sitting down to negotiate, fighting broke out.
A campaign poster for French President Nicolas Sarkozy stands next to a torn poster of National Front candidate Marine Le Pen in northern France. Sarkozy needs Le Pen's far-right voters if he is to win the runoff election on Sunday.
President Nicolas Sarkozy is fighting desperately to hold on to his job with five days to go until the French presidential runoff against socialist rival Francois Hollande.
Both candidates have been trying to appeal to supporters of France's far-right leader Marine Le Pen, who came in third place in the first round of balloting held last month. Sarkozy, from the center-right, finished in second place, with Socialist candidate Francois Hollande taking first with nearly 29 percent of the vote.