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.
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.
Let's talk about this more with NPR diplomatic correspondent Michele Kelemen. She's traveling with Secretary of State Hillary Clinton. She's in Beijing. And Michele, how did this seem to go so wrong so quickly?
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.