Originally published on Tue April 24, 2012 7:30 am
Weeks ahead of its initial public offering, Facebook released its first quarter profits Monday, and they are down 12 percent from a year ago. At the same time, company expenses have nearly doubled. Facebook attributes some of that to market expansion, which requires more employees and infrastructure.
And let's turn now to the first political leader to be put on trial for his role in the global banking crisis. Yesterday, a special court in Iceland found that country's former prime minister guilty of essentially mishandling the banking bubble that led to Iceland's financial collapse.
Michael Stothard has been covering this trial for The Financial Times. He joined us to talk more about it. Good morning.
Good morning. I'm Renee Montagne. A precious piece of his childhood is going back to a teenager in Japan. Misaki Murakami and his family lost everything in last year's tsunami. But waves carried his soccer ball, covered in notes from third grade friends, to a beach in Alaska. David Baxter found it there and his Japanese wife translated the writing, including the teenager's name. It will be the first bit of North American tsunami debris officially returned to Japan. It's MORNING EDITION. Transcript provided by NPR, Copyright NPR.
As a part of Earth Day celebrations, performance artist Alison Knowles took salad making to the extreme in New York City. Knowles chopped romaine lettuce, carrots and cucumbers to the beat of live music. She then tossed the avalanche of salad off a balcony into a giant tarp, where the salad was served up to audience members.
Later this week, we get some key data to help judge the state of the nation's housing market. There are some early signs of recovery, but home prices are still falling in many areas, as NPR's Chris Arnold reports.
CHRIS ARNOLD, BYLINE: Tomorrow, we'll get the latest word on home prices from what's called the S&P Case-Shiller index. That keeps showing price declines in many areas. Though those price drops have been leveling off, so things definitely aren't as bad as they were.
Now Marco Rubio happens to be one of those regularly mentioned as a possible vice presidential choice for Mitt Romney. And that's where we pick up our discussion with Cokie Roberts, who joins us most Mondays. Cokie, good morning.
COKIE ROBERTS, BYLINE: Hi, Steve.
INSKEEP: So is the vice presidential choice an opportunity for Romney to appeal to Hispanics?