Morning Edition

When Greg Smith quit his job at Goldman Sachs, he slammed his former employer in a blistering newspaper essay. People don't often quit with such a public display of vitriol. But when they do, it certainly gets attention.

India must cut back its imports on Iranian oil by June 28 or face U.S sanctions. A new law targets Iran's central bank, which is used for oil transactions, and it penalizes foreign countries that ignore the sanctions.

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Tax hikes and tighter regulation are in store for gas and oil drillers in Ohio, if the governor there has his way.

Yesterday, Republican John Kasich called for sweeping changes and stricter controls in handling the state's shale gas boom.

Tim Rudell of member station WKSU reports Kasich is normally anti-regulation, but is making an exception.

TIM RUDELL, BYLINE: Governor John Kasich told oil and gas companies to show him the money.

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And today's last word in business is: barbershop battle.

Barbers and beauticians are splitting hairs over the swirling red, white and blue striped pole that traditionally stands outside a barber shop. Barbers in several states are pushing legislation to prevent shops without a licensed barber from using the striped pole.

Many hair stylists say that they offer the same services as a licensed barber. But barbers say there are differences. For instance, only they can give shaves with a straight razor.

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RENEE MONTAGNE, HOST:

This is MORNING EDITION from NPR News. I'm Renee Montagne.

STEVE INSKEEP, HOST:

And I'm Steve Inskeep. Good morning.

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And after the latest financial bailout of Greece, Europe is now worried more about Spain. That country has also been overspending for years, in violation of EU budget rules.

To look at the implications, Lauren Frayer brings us this report from Madrid.

LAUREN FRAYER, BYLINE: Before the ink was dry on a new European fiscal pact, Spain was already asking for a pass. Its deficit last year was nearly triple what EU rules allow.

Defense Secretary Leon Panetta is meeting with Afghan President Hamid Karzai Thursday. A U.S. soldier is accused of killing 16 Afghan civilians in Kandahar on Sunday. The incident has raised questions about the future of the U.S. mission in Afghanistan.

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A new ABC series, called "Missing," debuts tonight. It features Ashley Judd as a woman tracking her teen son in Europe who's mysteriously disappeared. TV critic Eric Deggans says the series is part of a new TV trend this spring: shows that are more experimental and edgy.

ERIC DEGGANS, BYLINE: Would you believe Ashley Judd as a mom who works as a florist, but also used to be a deadly CIA operative?

(SOUNDBITE OF TV SHOW, "MISSING")

In a moment of high political drama, China has removed flamboyant politician Bo Xilai from his post as party secretary of the major southern city of Chongqing. The sacking comes as Beijing approaches a once-in-a-decade power transition this fall, offering a glimpse of the Machiavellian political struggle behind the scenes.