CNN Radio News Day: June 4, 2013
Several hundred of 200,000 pro-democracy student protesters face to face with policemen outside the Great Hall of the People in Tiananmen Square 22 April 1989 in Beijing. The April-June 1989 movement was crushed by Chinese troops in June when army tanks rolled into Tiananmen Square 04 June.
June 4th, 2013
05:12 PM ET

CNN Radio News Day: June 4, 2013

CNN Radio News Day is an evening news program providing an informative, thoughtful and creative look at the day's events. It's posted Monday through Friday at 4:30 pm ET.

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(CNN) – Welcome to CNN Radio News Day. Here are some of the stories we're covering in today's show:

  • Clouds hanging over the IRS the past few weeks seemed to take new shapes and a much more emotional tone today. Tea Party groups and others targeted by the tax agency testified before Congress for the first time. This on the same day that a new report detailed a separate problem at the IRS – rampant spending on conferences. Grassroots activists like Becky Gerritson spoke of the very reasons why conservatives and tea party members fear government power:

"I was asked to hand-over my donor list, including the amounts that they gave and the dates in which they gave them." FULL POST

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China's buying spree
Shuanghui is China's largest meat-processing company and it's trying to purchase US pork producer Smithfield Foods.
June 4th, 2013
04:32 PM ET

China's buying spree

By Barbara Hall, CNN

Editor's Note: Listen to the full story in our player above, and join the conversation in our comments section below.

(CNN) – For the past several years China has been on a spending spree. Chinese companies are working with their government to acquire assets all over the world. Things like technology companies, banks, ports and real estate.

But last week's announcement that a Chinese meat producer had agreed to buy Virginia-based Smithfield Foods raised more than a few eyebrows. That's because Smithfield is the world's largest processor of pork, selling ham, hot dogs and bacon under popular brand names like Armor and Farmland.

University of California-Irvine economist Peter Navarro worries that deals like this one help China gain too much control over the American economy:

[1:31] “We're getting deeper and deeper into debt with a country that doesn't have our best interests at heart. This is not Canada. This is not Great Britain. It's a country which is growing the biggest military in the world to challenge us .” FULL POST