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Intuit Bounces Back
Chris Arnold reports on Scott Cook and Tom Proulx (PROO), founders of Intuit, the hugely successful creater of home finance computer software. Ten years ago, the company almost went under, but they manaaged to survive by mortgaging their homes, borrowing from their parents' retirement money, and working very long days. Now, they sell "Quicken," the most popular home finance program in the world.
Goetz Trial
The Subway Vigilante was back in court today, eleven years after he made headlines for gunning down 4 black teens on a New York subway. Bernhardt Goetz (Gets) was in court for a pretrial hearing for 50-million dollar civil suit filed by one of who was shot. Robert Siegel speaks with National Law Journal reporter Andy Blum about why this case continues more than a decade later.
White House & Fbi Files
GOP congressional leaders are not satisfied with the White House apology for the staff's 1993 handling of FBI background files on people including prominent Republicans. Chief of staff Leon Panetta says the White House obtained the files by mistake, and an apology is owed to those people. But House Majority Leader Dick Armey is calling for hearings on the incident. NPR's Mara Liasson reports.
Voting Rights React
NPR's Adam Hochberg reports that politicians and other officials in North Carolina are still trying to figure out the impact of yesterday's Supreme Court decision on redistricting. The court ruled that districts drawn primarily for racial reasons are unconstitutional, but it was unclear if the the districts would have to be withdrawn before the November elections. Changing the districts will not only affect black politicians, but those running in other districts as well.
Arafat In Washington
NPR's Ted Clark reports on the joint Palestinian-American commission which will deal with issues of common concern. Palestinian Authority President Yassir Arafat gave few details, but some believe it signals a step toward official ties between the US and the Palestinian Authority. The 45 minute meeting with President Clinton is seen as a reward for Arafat after he engineered the revision of the PLO charter, which called for the destruction of Israel.
Swiss Bank Accts
NPR's Margo Adler reports that Swiss banking authorities and officials from several Jewish organizations signed an agreement last week that may provide a full accounting of funds deposited in Swiss banks by European Jews in the years before the Holocaust. Holocaust survivors and families of holocaust victims have not been able to trace the funds until now due to the secrecy laws governing Swiss banks.
Baby Bells
NPR's Jim Zarroli reports that Pacific Telesis, the west coast baby bell, will merge with SBC, which provides local phone service to a number of southern states in a deal worth nearly 17-Billion dollars. This is the first announcement of ever a merger between two of the seven companies that were all once part of a nationwide phone monopoly; earlier this year, Congress passed a major telecommunications reform law that permits such mergers.
Ny Divorce & Custody
NPR's Elaine Korry reports on a decision by New York state highest court that would allow divorced parents to move out of state even if the move interferes with custody arrangements. Many courts have ruled in so-called "move-away cases" that a spouse cannot move, even to pursue a better job or an education, if it would deny visitation to the non-custodial spouse.
Dc Finances
NPR's Kathy Schalch reports the White House today unveiled a $3.9 billion five-year federal aid plan for Washington D.C. Officials said they want to end the $3.56 billion federal payment to the city it would have made over that period. Under the proposal the federal goverment would assume the city's pension liabilities for police, firefighters, judges and teachers.
Reining In Rent-A-Centers
John Biewen, of Minnesota Public Radio, reports that the rent-to-own industry is fighting two recent court decisions. Courts in Minnesota and Wisconsin have held that Rent-A-Center, the largest such operation, violated state usury laws. The company maintains that interest rate caps do not apply because they are not loaning money.
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