China's state-run media is warning that Japan could endure another "lost decade" of economic stagnation should Beijing resort to trade retaliation over Japan's purchase of disputed islands.
The warning comes amid a surge of anti-Japanese nationalism across China that sparked huge and sometimes violent protests over the weekend. As the economic cost of the protests begins to escalate, it's becoming clearer exactly who might be behind them.
President Obama will launch a new trade enforcement case against China Monday, using the power of incumbency to counter Republican Mitt Romney's criticism that he is ceding American jobs to the Asian power.
Good morning. I'm Steve Inskeep. South Korea is a conservative society where men are dominant and also wear lots of makeup. A market research firm finds that this one small nation consumes more than 20 percent of the world's male skin care products. An AP reporter describes women applying lipstick to men, security guards behind layers of makeup and male flight attendants attending makeup class. A popular South Korean catch phrase is: Appearance is power. It's MORNING EDITION. Transcript provided by NPR, Copyright National Public Radio.
This is MORNING EDITION from NPR News. I'm Renee Montagne.
STEVE INSKEEP, HOST:
And I'm Steve Inskeep. Good morning.
Throughout today's program we are following continuing protest in majority Muslim countries. The violence mostly against American facilities is blamed on a video with a mocking portrayal of the Prophet Mohammad. Defense Secretary Leon Panetta says he believes the violence is calming down, but he expects the protests will continue for some time.
A trade dispute between the U.S. and China is at the top of NPR's business news.
The United States has filed a complaint against China with the World Trade Organization. Washington charges that China subsidizes its cars and auto parts, giving it an unfair trade advantage over U.S. automakers.
This move comes as President Obama campaigns in Ohio today. Ohio is a political swing state and a place where many jobs rely on the auto industry.
And our last word in business today is: kicking the crack berry habit. That's what BlackBerry users at Yahoo are being encouraged to do.
STEVE INSKEEP, HOST:
And take up other addictions instead. Over the weekend, Yahoo announced it will buy employees the smartphone of their choice so long as it is not a BlackBerry. The company will however, pick up the tab with a data plan for the brand new iPhone 5 and the yet-to-be-released Windows Phone 8.
On this morning 150 years ago, Union and Confederate troops clashed at the crossroads town of Sharpsburg, Md. The Battle of Antietam remains the bloodiest single day in American history.
The battle left 23,000 men killed or wounded in the fields, woods and dirt roads, and it changed the course of the Civil War.
It is called simply the Cornfield, and it was here, in the first light of dawn that Union troops — more than 1,000 — crept toward the Confederate lines. The stalks were at head level and shielded their movements.